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India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index

By Shubham Batra NEW DELHI (Reuters) -India will start sourcing price data directly from e-commerce giants including Amazon and Walmart-owned Flipkart to overhaul its benchmark inflation gauge, aiming to capture shifting consumption habits and address concerns that current data is outdated, the head of ...
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Trump administration halts Orsted’s Rhode Island wind project, shares sink 17%

By Stine Jacobsen COPENHAGEN (Reuters) -Orsted said on Monday it would continue with a plan to raise capital after the Trump administration ordered the offshore wind farm developer to stop construction on a near-completed project off Rhode Island, sending its shares down 17%.  The company, 50.1% ...
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Jefferies lifts S&P 500 annual target to 6,600 on resilient earnings

(Reuters) -Jefferies lifted its year-end target for the S&P 500 index to 6,600, citing robust corporate earnings, easing concerns about the health of the U.S. economy. Previously, the brokerage had set its year-end target at 5,600, making it the sole firm projecting the benchmark index ...
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Expect health insurance prices to rise next year, brokers and experts say

Pricey prescriptions and nagging medical costs are swamping some insurers and employers now. Patients may start paying for it next year. Health insurance will grow more expensive in many corners of the market in 2026, and coverage may shrink. That could leave patients paying more ...
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Mizuho, MUFG join race by Japan’s banks for money manager deals overseas

By Iain Withers and Anton Bridge LONDON/TOKYO (Reuters) -Japanese banks Mizuho and MUFG are targeting buying or partnering with overseas money managers, they told Reuters, joining other Japanese financial companies aiming for a larger share of the global investing market. Mizuho is prioritising a tie-up ...
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Dollar struggles to recover from dovish Powell gut punch

By Kevin Buckland TOKYO (Reuters) -The U.S. dollar attempted on Monday to pull itself up from a four-week low on the euro after a dovish pivot from Federal Reserve Chair Jerome Powell sent it tumbling more than 1%. The greenback added 0.2% to $1.1699 per euro ...
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Asia shares bounce as markets count on US rate cuts

By Wayne Cole SYDNEY (Reuters) -Asian share markets rallied on Monday as investors celebrated the likely resumption of interest rate cuts in the United States, while hoping AI-superstar Nvidia’s results this week will help justify the sector’s stratospheric valuations. Federal Reserve Chair Jerome Powell’s dovish change ...
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Keurig Dr Pepper nears $18 billion deal for JDE Peet’s, WSJ reports

(Reuters) -Keurig Dr Pepper is close to a roughly $18 billion deal for European coffee company JDE Peet’s, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Angela Christy in Bengaluru; ...
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SpaceX eyes Starship reusability milestones in rocket’s tenth flight test

By Joey Roulette (Reuters) -Elon Musk’s SpaceX is set to launch its massive Starship rocket for a tenth time from Texas on Sunday to achieve several long-sought development milestones missed due to past tests ending in early failures. The 232-foot tall Super Heavy booster and its ...
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China says ‘rampant’ US protectionism threatens agricultural ties

BEIJING (Reuters) -U.S. protectionism is undermining agricultural cooperation with China, Beijing’s ambassador to Washington said, warning that farmers should not bear the price of the trade war between the world’s two largest economies. “It goes without saying that protectionism is rampant, casting a shadow over ...
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BOJ’s Ueda expects tightening job market to push up wages

By Howard Schneider and Leika Kihara JACKSON HOLE, Wyoming (Reuters) -Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job market, signaling his optimism that conditions for another interest rate hike ...
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Foreign workers have boosted euro zone economy, ECB’s Lagarde says

JACKSON HOLE, Wyoming (Reuters) -An influx of foreign workers has given the euro zone’s economy a boost in recent years, helping offset shorter working hours and lower real wages, European Central Bank President Christine Lagarde said on Saturday. Migration into the European Union pushed its ...
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