Euro zone inflation unexpectedly steady in August but core drops
(Reuters) – Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture that…
After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs
(Reuters) -UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it…
US curbs AI chip exports from Nvidia and AMD to some Middle East countries
(Reuters) – The U.S. expanded the restriction of exports of sophisticated Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) artificial-intelligence chips…
Asia FX treads water between mixed China PMIs and Fed pause bets
Most Asian currencies moved little on Thursday as markets weighed weak economic data from China against growing bets that the…
Oil dips as China factory activity shrinks; market eyes US data
(Reuters) – Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a…
Euro slips as ECB policymaker takes cautious tone
(Reuters) – The euro edged back on Thursday after comments from German policymaker Isabel Schnabel failed to give firm clues…
Gold steadies amid Fed pause bets, weak China PMIs dent copper
Gold prices steadied near three-week highs on Thursday as weak economic readings from the U.S. fueled more bets that the…
Coal miners forced to save for a rainy day by insurance snub
(Reuters) – Some coal producers are having to set aside tens of millions of dollars to cover their own risks…
Dollar stabilizes ahead of PCE inflation data; euro awaits eurozone CPI release
The U.S. dollar stabilized in early European trade Thursday, after hefty losses this week as signs of a cooling U.S.…
Tesla faces federal probe over vehicle range after Reuters report
(Reuters) – Federal prosecutors are looking into Tesla (NASDAQ:TSLA) performance claims after Reuters reported the electric carmaker exaggerated the potential…