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US regional banks’ earnings to test investor nerves after jitters over credit risks

By Manya Saini (Reuters) -After a turbulent week in which some regional U.S. banks flagged bad loan and fraud issues, investors are now awaiting for more earnings reports from the lenders to check for signs of a wider strain across the sector. Since the 2023 banking ...
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Global companies hit by more than $35 billion in US tariffs, but outlook stabilizing

By Deborah Mary Sophia and Arpan Varghese (Reuters) -Global companies have flagged more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump’s levies. Trump’s trade war ...
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Fed still poised to cut rates, but worries mount over US data vacuum

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a less-than-ideal situation for policymakers divided over which risks ...
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The Media Line: Moody’s Holds Israel Rating, Calls Gaza Truce Credit Positive With Caveats 

Moody’s Holds Israel Rating, Calls Gaza Truce Credit Positive With Caveats  By The Media Line Staff  Moody’s Ratings said on Sunday it is leaving Israel’s sovereign rating unchanged, judging that the Gaza ceasefire agreement is credit positive but still fragile, according to a report released in New York. ...
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Motor racing-Apple’s F1 broadcast deal has been years in the making

By Alan Baldwin AUSTIN, Texas (Reuters) -When Bernie Ecclestone was asked about a group of guests receiving VIP treatment at a Formula One race nine years ago, the commercial supremo said they were representatives of “a fruit company”. The explanation reflected his particular sense of humour, ...
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Arrow Electronics says that US trade curbs on its Chinese affiliates are being reversed 

By Karen Freifeld (Reuters) -U.S.-based electronic components distributor Arrow Electronics said on Saturday the U.S. government was reversing trade restrictions placed on Arrow’s China-based affiliates for facilitating the sale of U.S. components found in weaponized drones used by Iran-backed groups like the Houthis. Arrow (China) Electronics ...
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Nvidia CEO Jensen Huang to attend APEC CEO Summit in South Korea

SEOUL (Reuters) -NVIDIA CEO Jensen Huang plans to meet “global leaders and top Korean executives” when he attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea this month, the U.S. AI chipmaker said in a statement on Sunday. “Huang will participate in activities ...
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China’s ruling Communist Party meets to map out plans for the next 5 years

HONG KONG (AP) — One of China’s most important meetings begins Monday, as leader Xi Jinping and other ruling Communist Party elites gather in Beijing to map out the goals for the next five years. The closed-door gathering — known as the fourth plenum — ...
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US-China trade war clouds global economic outlook as ‘new normal’ emerges

By David Lawder, David Milliken and Andrea Shalal WASHINGTON (Reuters) -International finance chiefs are returning home with a measure of relief over the surprising resilience of the global economy to the cascade of policy shocks through the first nine months of Donald Trump’s second U.S. ...
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Global film industry shrugs off renewed Trump movie tariff threat

By Paul Sandle, Michael Kahn, Byron Kaye and Dawn Chmielewski LONDON/PRAGUE/SYDNEY/LOS ANGELES (Reuters) -“Star Wars: Starfighter” is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite U.S. President Donald Trump’s renewed ...
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Nexperia China unit asserts its independence as tensions with the Netherlands run high

By Che Pan and Brenda Goh BEIJING (Reuters) -Nexperia’s China unit has respected Chinese laws and has the right to operate independently, it said on Saturday, a day after the Netherlands said talks had begun to try to ease tensions over export controls. As Nexperia ...
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Paramount Skydance to cut 2,000 US jobs starting week of October 27, Variety reports

(Reuters) -Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturday. The layoffs follow the $8.4 billion merger between Skydance Media and ...
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