Schneider Electric raises 2026 targets again on booming data centre demand
Schneider Electric raised its 2026 core profit and revenue targets for the second time this year on Friday, as the French industrial group
October 16, 2026Schneider Electric raised its 2026 core profit and revenue targets for the second time this year on Friday, as the French industrial group
October 16, 2026PetroChina is poised for a record year in trading profits, five trading executives said, with its refineries outside China reaping bumper margins amid tight
October 16, 2026Bank of Japan Governor Kazuo Ueda on Friday reiterated the risks of underlying inflation overshooting the central bank's 2% target, stressing the growing importance of
October 16, 2026North Korea's state media KCNA said on Friday that an opening ceremony was held for the Amnok River bridge linking to China, which is also called New Yalu River Bridge.
October 15, 2026The United Nations has become too risk-averse and its next leader must be prepared to bear the cost of diplomatic failure and try again, Rebeca
October 15, 2026U.S. Federal Reserve Chairman Kevin Warsh says he won't prejudge what the U.S. central bank will do about interest rates at its upcoming meetings
October 16, 2026By Michael S.
October 15, 2026A sharp sell-off in European government bonds this month shows how hedge funds' growing role is making a systemically important market more
October 16, 2026Some of China's richest people are winding down their offshore trusts, selling shares, and even switching nationality as a deadline looms to declare
October 16, 2026Federal Reserve Chairman Kevin Warsh voiced optimism on Friday about US economic strength and surprise about how well global economies have
October 16, 2026India's central bank will further tighten monetary conditions to counter capital outflows and raise the cost of betting against the rupee,
October 16, 2026Dolce & Gabbana's beauty business expects to maintain double-digit growth in 2026 after surpassing €1 billion ($1.12 billion) in wholesale revenues last year, its CEO said in
October 16, 2026US financial services firm Centerview Partners remains the financial adviser for Venezuela's debt restructuring, the country's top economic adviser said on
October 16, 2026The Trump administration has sued California election officials
October 15, 2026Hurricane Trudy moved parallel to Mexico's western coast on Thursday, threatening further rain and strong winds in a region already battered in recent weeks by storms
October 15, 2026Japan no longer faces the deflationary environment that existed for more than a decade, and the level of its currency and monetary policy should reflect
October 16, 2026Malaysia's economy grew 5.3% from a year earlier in the third quarter, slowing from the previous three-month period, official advance estimates showed on Friday.
October 16, 2026China is aiming to spur more effective and accessible global governance solutions at a forum next week, convened under its push for an alternative governance system for the
October 16, 2026A look at the day ahead in European and global markets from Kevin Buckland Asian stocks are rising into the weekend, with bargain hunters probably leading the buying after the precipitous plunge in
October 16, 2026Yemen's Houthis fired missiles at the presidential palace complex in the southern city of Aden on Thursday,
October 15, 2026Finance leaders of the G7 grouping agreed to hold tabletop exercises to guard against AI cyber attacks, Japanese Finance Minister Satsuki Katayama said, as
October 16, 2026Trump admin files ‘long shot’ lawsuit after California wouldn’t open a thumb drive of alleged non-citizens
October 16, 2026Despite tens of thousands of security personnel deployed to stop them, youth protesters in India scaled barricades last
October 16, 2026The US-Israeli war on Iran has altered bunker buying patterns for shippers globally as they turned to more spot and shorter-term purchases to cope with
October 16, 2026Ukraine attacked a Russian oil refinery, abandoning a brief truce involving energy-related targets that it said Moscow did not heed
October 15, 2026Japan's core consumer inflation in September likely exceeded the central bank's 2% target as higher energy prices driven by the Middle East conflict fed through to households
October 16, 2026FBI employees fired for their roles in the investigation of President Donald Trump’s retention of classified documents at his Florida estate are suing to get their jobs back, calling their terminations unlawful acts of “political retribution.”
October 15, 2026World Bank President Ajay Banga on Friday said the development lender has set a goal of quintupling its critical minerals business in five years, and has identified 20
October 16, 2026Chipmaker sell-off sends investors to other stocks and bonds for safety
October 15, 2026CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed
October 15, 2026French President Emmanuel Macron said on Thursday that it was crucial to give Ukraine all the means it needs to defend and protect its civilian population and its
October 16, 2026MSCI on Thursday froze certain changes to its Turkey equity indexes, saying it needed more time to assess market reforms and warning of a potential
October 16, 2026As Brazil's presidential runoff campaign enters its final stretch, both candidates are focusing plans for fiscal adjustments on politically palatable
October 16, 2026An index of global equity markets ended flat on Thursday as concerns about AI spending and higher interest rates fueled further selling in technology and
October 15, 2026Global hedge funds suffered steep losses this week, battered by a sharp unwind of a swathe of AI bets, with Asia-focused funds hit the
October 16, 2026South Korea is reviewing an expansion of its military operations in the Middle East, the Kyunghyang Shinmun newspaper reported on Thursday, as the US ally faces pressure from
October 16, 2026The AI equity rout accelerated significantly in Asia on Thursday on growing fears about the murky, circular financing powering the intelligence
October 16, 2026An American businessman whose firm invested in several European soccer clubs that struggled under its ownership has pleaded guilty to fraud charges in New York
October 16, 2026California officials are ordering mortgage lenders to report on how they've handled insurance payouts to survivors of the 2025 Los Angeles-area fires
October 15, 2026A potential Trump administration plan to ease sanctions on vessels that have transported sanctioned oil and fuel would likely have limited impact on
October 16, 2026UBS is working on possible scenarios including shifting its headquarters, or a merger with another bank, if Switzerland introduces new banking rules it deems
October 15, 2026Private credit direct lenders are raising record sums even as deal activity slows and borrowers return to the banking system's syndicated loan market,
October 16, 2026A U.S. federal appeals court said on Thursday the Federal Communications Commission exceeded its authority in setting up a telecoms subsidy program
October 16, 2026The S&P 500 ended higher on Thursday, springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly,
October 15, 2026The skyrocketing price of diesel is plain for Americans to see anytime they fuel up their cars, SUVs and pickup trucks, though only a fraction of US drivers own a
October 16, 2026Canadian Prime Minister Mark Carney has campaigned for national unity as advance voting is underway in oil-rich Alberta in a referendum that could set the province on a path toward a future vote on separation from Canada
October 15, 2026Federal health officials are moving ahead with plans to broaden access to a class of unproven injectable drugs called peptides
October 16, 2026The International Energy Agency agreed on Thursday to release over 20 million barrels of diesel to the
October 15, 2026Progress toward a US-Mexico tariff deal has stalled after opposition from Commerce Secretary Howard Lutnick, the Wall Street Journal reported on Thursday, citing people familiar
October 15, 2026Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that data this week showing stronger-than-expected consumer and producer price inflation has been "
October 15, 2026Target said on Thursday that it was not using customer data to raise prices based on shoppers' identities or locations, joining rival Walmart in trying to address growing concerns
October 15, 2026CoreWeave, an Nvidia-backed cloud company that provides high-performance computing infrastructure for artificial intelligence, has secured tens of billions of dollars in contracts
October 15, 2026High gas prices are intensifying inflation and vacuuming up more of Americans’ dollars, yet consumers are still digging deep to spend, powering the economy, at least for now
October 15, 2026Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years
October 15, 2026Don’t underestimate U.S. shoppers when it comes to shelling out money for the winter holidays
October 15, 2026US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services, the latest indication of inflation
October 15, 2026The US government has delayed by 90 days implementation of new customs requirements for small international mail shipments, a move that should forestall higher
October 15, 2026A rotten smell hanging over a town in Mexico's southern Chiapas state drove residents into the streets on Thursday
October 15, 2026Brazilian President Luiz Inacio Lula da Silva said on Thursday he will send Congress a constitutional amendment guaranteeing free weekend public transport nationwide, the
October 15, 2026Global demand for electric vehicles fell 2% in September, ending six consecutive months of growth, as record sales in Europe were not enough to offset sharp declines
October 15, 2026The Houthi attacks on Saudi Arabia are about more than Yemen.
October 15, 2026Israel said commercial goods were no longer entering Gaza over what it said was a dispute over taxes between local merchants and Hamas, shutting off a vital source of
October 15, 2026Pennsylvania Governor Josh Shapiro said on Thursday the state had secured more than $4 billion in life sciences and private-sector investment commitments over the past week.
October 15, 2026American Airlines is making another round of management changes, its second in the latter half of the year, as it tries to boost its profits,
October 15, 2026Brent crude was little changed on Thursday as investors weighed possible US steps to ease restrictions on the world’s "shadow fleet" of tankers, while
October 15, 2026High mortgage rates are deepening a ‘K-shaped’ housing market
October 15, 2026Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections
October 15, 2026The Nasdaq fell to near one-month lows on Thursday as fears of a hit to artificial-intelligence investments from higher interest rates deepened a rout in AI-linked stocks, while
October 15, 2026Germany's nascent economic recovery could curb the polarization seen in recent state elections, the president of the country's savings banks association
October 15, 2026The dollar retreated from an 18-month peak on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the
October 15, 2026A selloff in US technology stocks and their bonds intensified on Thursday as high borrowing costs put the financing behind AI’s massive infrastructure buildout under growing
October 15, 2026US holiday sales growth is expected to accelerate to 4.2% this year, the National Retail Federation said on Thursday, betting that consumers would remain resilient even as major
October 15, 2026No commercial goods are entering the Gaza Strip, Israeli authorities said, attributing the suspension to local vendors they said are fed up with Hamas raising taxes on them
October 15, 2026Wholesale inflation surged in September, keeping affordability in focus ahead of the midterms
October 15, 2026Democrats got the candidate they wanted for governor in Wisconsin
October 15, 2026Deal reached to end horse carriage industry, New York City official says
October 15, 2026Open enrollment for Medicare plans begins Thursday, allowing people to choose between traditional Medicare and Medicare Advantage plans until Dec. 7
October 15, 2026Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August
October 15, 2026The cost of insuring against the risk of potential US tech defaults has hit record levels, in the latest sign of credit stress building in the so-called AI
October 15, 2026Global brokerages largely expect the US Federal Reserve to raise interest rates at least once more this year after data on Wednesday showed consumer prices accelerated in September,
October 15, 2026British finance minister John Healey should rebuild his depleted headroom against the fiscal rules to about £15-16 billion ($20-21 billion) at this month's budget to
October 15, 2026Microsoft President Brad Smith warned the Trump administration's move to restrict green-card access for skilled foreign workers could hurt US technological competitiveness and drive
October 15, 2026British finance minister John Healey said banks were central to the country's economic future on Thursday when pressed by reporters about the likelihood
October 15, 2026The United States wants its global partners to rename artificial intelligence as "super intelligence," convinced that the new moniker better reflects the
October 15, 2026US retail sales increased more than expected in September, boosted by higher gasoline prices, but spending elsewhere was moderate, which could temper economists'
October 15, 2026The number of Americans filing new claims for unemployment benefits increased marginally last week amid low layoffs that are keeping the labor market stable.
October 15, 2026Ukraine's parliament passed a package of legislation on Thursday to advance the implementation of key demands from the European Union and the International Monetary Fund to
October 15, 2026Luxury group Richemont, owner of Cartier, is in talks to join a consortium bidding for diamond miner De Beers, which
October 15, 2026U.S. applications for unemployment benefits inched up last week as layoffs remain historically low and most American workers enjoy job security
October 15, 2026If the US imposed a ban on its diesel exports, as some lawmakers are calling for, it would roil the global market.
October 15, 2026The head of the International Monetary Fund’s Africa department says African economies have managed to weather the energy crisis brought on by the Iran war
October 15, 2026The Bank of England will raise Bank Rate for the first time in more than three years to 4.0% in November, according to a majority of economists polled by Reuters who have reversed
October 15, 2026When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2
October 15, 2026Federal Reserve Chairman Kevin Warsh’s call for a “quieter” central bank is facing pushback from colleagues who see
October 15, 2026Cash-strapped US consumers are facing a squeeze in their shopping budgets this holiday season, hit by the double whammy of tariffs and high energy costs.
October 15, 2026Quarterly results from Wall Street's big banks this week showed that even the largest and most robust players of the industry can be vulnerable to the ebb and flow of
October 15, 2026The Bank of England is working with banks on deep cyber-recovery options, its deputy governor Sarah Breeden said on Thursday, arguing
October 15, 2026(Corrected the capitalization in the company name CoreWeave.)
October 15, 2026Italy plans to raise an additional €10.7 billion ($12.00 billion) from the financial sector to help fund its budget over the 2027-2029 period, a government
October 15, 2026The United States views Senegal's request for debt restructuring as a "great example" of progress on the Group of 20 Common Framework, and wants to see
October 15, 2026The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank
October 15, 2026The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of
October 15, 2026Pope Leo XIV's lung cancer diagnosis raises questions about the future of his pontificate
October 15, 2026Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas
October 15, 2026A new AP-NORC poll finds that a strong majority of voters believe President Donald Trump is falling short at home and abroad, and they want major change in the upcoming midterm elections
October 15, 2026Japanese Economy Minister Minoru Kiuchi said monetary policy should be left to the Bank of Japan, reiterating the government's stance on
October 15, 2026China's economic growth likely accelerated modestly in the third quarter from a more than three-year low, supported by fresh policy easing, though the pickup
October 15, 2026UBS Global Wealth Management expects the Federal Reserve to raise interest rates for a third time in March 2027, extending its tightening cycle into next year after stronger-than-
October 15, 2026Shifting geopolitics and the wars in Ukraine and the Middle East will have a lasting impact on world trade flows as companies hedge their bets against future shocks, Ngozi
October 15, 2026Germany warned on Thursday against efforts to bring Russia back on to the international stage, while Britain called for tighter
October 15, 2026The record 20 Chinese brands vying for attention at this week's Paris car show reflect a stark reality: as a slowdown at home pushes China's overcrowded auto
October 15, 2026Billions of euros' worth of Russian assets frozen in Europe after the invasion of Ukraine should stay under the region's control, German Chancellor Friedrich Merz said on
October 15, 2026Sub-Saharan Africa's inflation outlook has worsened since April even as growth held up better than expected, the IMF said, warning that the region's
October 15, 2026Norway should allow its $2.3 trillion wealth fund to invest in major Western defence groups that are currently banned from its portfolio due to their
October 15, 2026PepsiCo told an Indian court on Thursday that a continued ban on the "energy drink" label could drive its top-selling products out of stock nationwide
October 15, 2026TSMC, the world's largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring
October 15, 2026Telecom gear maker Ericsson on Thursday reported a smaller-than-expected drop in third-quarter core profit as efficiency measures helped offset higher component costs,
October 15, 2026Governments and state entities
October 15, 2026South Korea's benchmark KOSPI stock index closed at a six-month low on Thursday, as a heavy selloff in chipmakers triggered a
October 15, 2026In 1899, the Mt Lyell mine in Tasmania produced some 9,500 metric tons of copper.
October 15, 2026Taiwanese President Lai Ching-te called on Thursday for US memory chipmaker Micron Technology and its workers to negotiate "sincerely"
October 15, 2026TSMC, the world's largest manufacturer of advanced chips, struck a note of caution for 2027 on Thursday due to macroeconomic uncertainties,
October 15, 2026A rude awakening over the debt-fuelled AI binge has sent investors rushing out of stocks and into government bonds, which now seem to
October 15, 2026Romania's leftist Social Democrats said they will join the government of Prime Minister-designate Luca Niculescu while other parties pledged their votes, edging the
October 15, 2026