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ECB’s Kazimir shifts focus to gas prices, sees upside inflation risk
8+ hour, 3+ min ago (336+ words) FRANKFURT, Sept 14 (Reuters) – Euro zone inflation could turn out higher than already elevated projections and the development of natural gas and power prices is becoming a key concern, European Central Bank policymaker Peter Kazimir said on Monday. The ECB raised…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
13+ hour, 20+ min ago (186+ words) SEOUL, Sept 14 (Reuters) – Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 trillion won ($18.7 billion) upfront payment to support power supplies for planned semiconductor mega clusters, according to a document submitted to…...
Goldman Sachs now expects Fed to hike rates in September
13+ hour, 18+ min ago (138+ words) Sept 13 (Reuters) - Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a... Sept 13 (Reuters)…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
15+ hour, 39+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
China’s Ligent Technologies seeks $723 million in Hong Kong IPO
17+ hour, 22+ min ago (139+ words) Sept 14 (Reuters) – China’s Ligent Technologies is looking to raise HK$5.67 billion ($723.02 million) through an initial public offering in Hong Kong, according to a filing with the exchange on Monday. The optical communications equipment maker is offering 172 million shares at an…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
1+ day, 5+ hour ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Speculators turn net long on yen for first time since February
1+ day, 13+ hour ago (148+ words) TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. The yen has surged this month on…...
Boeing and engineers’ union reach tentative contract agreement
2+ day, 16+ hour ago (66+ words) SEATTLE, Sept 11 (Reuters) - Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. (Reporting by Dan Catchpole in Seattle; Editing by Tom Hogue)... Boeing and engineers’ union reach tentative contract agreement SEATTLE, Sept 11 (Reuters) – Boeing…...
Apollo Global in talks to acquire J&J’s orthopedics unit, Bloomberg News reports
2+ day, 17+ hour ago (147+ words) Sept 11 (Reuters) – Apollo Global Management is in talks to acquire Johnson & Johnson’s orthopedics unit in a deal that could value it at close to $20 billion, Bloomberg News reported on Friday, citing sources. Several private equity firms are interested to potentially…...
Zara owner Inditex looks to US for next phase of growth
3+ day, 9+ hour ago (567+ words) LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers....