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BP postpones oil demand peak prediction to 2030 from 2025

By Stephanie Kelly and Shadia Nasralla LONDON (Reuters) -BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency. The oil major’s latest Energy Outlook, an annual study ...
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Brazil’s central bank sees inflation still missing target in early 2028

SAO PAULO (Reuters) -Brazil’s central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank’s latest quarterly monetary policy report. After projecting earlier this month annual inflation ...
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Galliani turns down Monza presidency as club is sold to US fund

MONZA, Italy (AP) — Monza CEO and Vice President Adriano Galliani is leaving his boyhood club after American fund Beckett Layne Ventures completed the purchase of the Italian second-division club on Thursday. The closing of the sale — which was agreed in July — also ...
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Starbucks to close stores, lay off 900 workers as part of turnaround plan

Starbucks is laying off around 900 non-retail employees and closing some U.S. and Canadian stores as it focuses more of its resources on a turnaround. The Seattle coffee giant will notify employees whose positions are being eliminated early Friday and said that it plans to ...
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Morning Bid: More Fedspeak, more questions

By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Wall Street looks set for a weak opening ahead of the bell on Thursday. Federal Reserve Chair Jerome Powell’s warning about stretched valuations has perhaps injected a bit of ...
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Accenture posts fourth quarter revenue above estimates

(Reuters) -Accenture on Thursday reported fourth-quarter revenue slightly above Wall Street estimates, driven by resilient demand from enterprise clients for its AI-driven consulting and services. Shares of the Dublin-based company were up 3.7% in choppy premarket trading. Businesses are scaling up AI projects, digitizing core operations ...
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US, Asian investors turn to European and MidEast hedge funds, BofA survey shows

By Nell Mackenzie LONDON (Reuters) -Wealthy investors in the United States and Asia have cancelled plans to put money into U.S. hedge funds this year, while increasing their exposure to Europe and the Middle East, according to a Bank of America survey seen by Reuters on ...
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US-Norway spat over wealth fund’s Caterpillar exit is settling, foreign minister says

By John Irish and Gwladys Fouche UNITED NATIONS/OSLO (Reuters) -A spat between the United States and Norway over the Nordic country’s wealth fund’s divestment from U.S. construction equipment-maker Caterpillar appears to be coming to an end, Norwegian Foreign Minister Espen Barth Eide said. Washington and Oslo ...
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Chile to curb budget growth as Codelco ramps up recovery, minister says

By Fabian Cambero SANTIAGO (Reuters) -Chile will have a “responsible” 2026 budget with a limited increase while state-run Codelco, the world’s largest copper miner, seeks to recover from recent production problems, the country’s new finance minister told Reuters on Wednesday. In an interview at his office ...
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Fidelity launches new trading platform for retail investors

By Suzanne McGee (Reuters) -Fidelity Investments is rolling out a major upgrade to its trading platform on Thursday to meet the rapidly growing demand for new tools by self-directed individual investors.     The new Fidelity Trader+ platform will offer real-time analytics, customizable charts and other features to ...
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Chip cooling startup Corintis raises $24 million, adds Intel CEO Lip-Bu Tan to board

By Aditya Soni and Stephen Nellis SAN FRANCISCO -Corintis, a Swiss startup promising more rapid liquid chip-cooling technology, has raised $24 million and added Intel CEO Lip-Bu Tan to its board as artificial intelligence fuels demand for better heat management tools for semiconductors. Tests by Microsoft, ...
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China signals that purchases of US soybeans hinge on tariff removal

BEIJING (Reuters) -The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase U.S. soybeans. China, the world’s biggest buyer of soybeans, has yet ...
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