Oct 11, 2023
Gasoline, food drive US producer prices higher; core inflation cools

By Lucia Mutikani WASHINGTON (Reuters) - U.S. producer prices increased more than expected in September amid higher costs for energy products and food, but underlying inflation pressures at the factory gate continued to abate. The mixed report from the Labor…

Oct 11, 2023
EV maker VinFast to acquire its battery maker sibling

(Reuters) - Electric-vehicle maker VinFast Auto said on Wednesday it would acquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong as it seeks to ramp up its integration in the production value chain and competitive…

Oct 11, 2023
Flagging domestic travel casts shadow over US airline earnings

By Rajesh Kumar Singh CHICAGO (Reuters) - A travel boom has produced bumper earnings for major U.S. carriers this year but signs of softening demand on domestic routes have amplified worries that the bubble is about to burst, sparking a…

Oct 11, 2023
OECD publishes treaty that would replace national digital taxes

PARIS (Reuters) - The Organisation for Economic Cooperation and Development (OECD) published a multilateral treaty on Wednesday that would replace a hodge-podge of national digital services taxes if ratified by enough countries. The release of the text puts pressure on…

Oct 11, 2023
Marketmind: A window into the Fed’s thinking

(Reuters) - A look at the day ahead in U.S. and global markets by Amanda Cooper, editor, finance and markets breaking news Investors are always eager to get a look at the minutes from the Federal Reserve's most recent policy…

Oct 10, 2023
Dovish Fed officials boost Wall Street as bond yields retreat

By Sinéad Carew and Shashwat Chauhan (Reuters) - Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower as investors cautiously monitored developments…

Oct 10, 2023
US SEC shortens deadline to disclose 5% stock ownership to 5 days

By Douglas Gillison (Reuters) -Wall Street's top regulator on Tuesday said it has tightened the timeline for investors to disclose 5% ownership stakes in companies they intend to control, shortening the allowed window from 10 calendar days to five business…

Oct 10, 2023
Crude futures settle down on fewer worries of supply disruptions

By Erwin Seba HOUSTON (Reuters) -Oil prices settled lower on Tuesday, but bounced off session lows as concerns eased about potential supply disruptions from the battle between Israel and the Palestinian Islamist group Hamas, though traders remained watchful. Brent crude…

Oct 10, 2023
Gold eases as risk appetite improves, traders eye more Fed cues

By Ashitha Shivaprasad (Reuters) - Gold prices eased on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues on the U.S. central bank's policy stance. Spot…

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