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ECB’s Kazimir shifts focus to gas prices, sees upside inflation risk
9+ hour, 38+ 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…...
Ares names James Garforth principal for Asia direct lending
13+ hour, 31+ min ago (144+ words) HONG KONG, Sept 14 (Reuters) – Ares Management Corp, a global alternative investment manager, has appointed James Garforth as principal in its Asia direct lending business, according to an internal memo seen by Reuters on Monday. Here are some details: • Garforth joins…...
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
13+ hour, 16+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
14+ hour, 55+ 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
14+ hour, 53+ 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)…...
Amazon pauses 21 Air operations after Miami crash, WSJ reports
16+ hour, 35+ min ago (98+ words) Sept 13 (Reuters) – Amazon is pausing operations with Miami-based 21 Air, the cargo carrier that operated the Amazon-branded plane that crashed in Miami, the Wall Street Journal reported Sunday. Amazon said it notified 21 Air leadership of the decision on Sunday, the report…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
17+ hour, 13+ 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…...
Michael Dell’s DFO Management nears take-private deal for Baldwin Insurance Group, FT reports
18+ hour, 18+ min ago (156+ words) Sept 13 (Reuters) – Dell CEO Michael Dell’s DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group, the Financial Times reported on Sunday. DFO Management is in advanced talks with Baldwin over a deal which is…...
Anthropic tells investors it will be profitable for second straight quarter, FT reports
18+ hour, 48+ min ago (152+ words) Sept 13 (Reuters) - Anthropic has told shareholders that its adjusted operating income will be positive for a second straight quarter, the Financial Times reported on Sunday, citing multiple people with knowledge of the matter. Anthropic's gross... Sept 13 (Reuters) â Anthropic has…...
China’s Ligent Technologies seeks $723 million in Hong Kong IPO
18+ hour, 56+ 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…...