top-stories
Top Stories
Global stocks poised for weekly gains after slew of US data
Top Stories
Dollar softens, yen set for weekly fall as US recession worries fade
Top Stories
Morning Bid: With US economy humming, a quarter point will do
Top Stories
Companies need more AI competency at board level, Norway’s wealth fund says
STOXX 600 set for best week in more than 3 months on US rate cut hopes
Date: August 16, 2024
(Reuters) – European shares opened higher for the fourth straight session on Friday as upbeat risk sentiment prevailed across global markets and investors geared up for a September rate cut by the Federal Reserve. The pan-European STOXX 600 was up 0.3% by 0710 GMT, at two-week highs. The benchmark was set to witness its...
WHO confirms first case of new mpox strain outside Africa as outbreak spreads
Date: August 16, 2024
By Anna Ringstrom and Julie Steenhuysen STOCKHOLM/CHICAGO (Reuters) – Global health officials on Thursday confirmed an infection with a new strain of the mpox virus in Sweden and linked it to a growing outbreak in Africa, the first sign of its spread outside the continent a day after the World Health Organization declared the...
Japanese stocks head for best week in 4 years as fading growth fears lift markets
Date: August 16, 2024
By Rae Wee SINGAPORE (Reuters) -Asia shares were headed for a weekly gain on Friday and Japan’s benchmark Nikkei was poised for its best week in over four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S. Treasury yields held broadly steady. Last week’s market turmoil was replaced...
Stocks gain, Treasury yields jump as US retail data reassures
Date: August 16, 2024
By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields spiked after surprisingly strong U.S. retail sales data soothed fears about slowing economic growth, and tempered investor bets of imminent aggressive interest rate cuts. Retail sales increased 1.0% last month, well above market forecasts for a...
Rallying-World rally championship promoter explores $550 million sale, sources say
Date: August 16, 2024
By Amy-Jo Crowley and Alexander Hübner LONDON (Reuters) – The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring in cash at a time of high valuations for sports media rights, according to people familiar with the matter. The owners, Austrian drink...
Google launches enhanced Pixel phones in bid to leverage AI tech
Date: August 14, 2024
By Kenrick Cai and Max A. Cherney MOUNTAIN VIEW, California – Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware. The upgrades include a Pixel-only feature that lets users search for information stored in screenshots. Android users can also now pull up Gemini, Google’s chatbot, as an...