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Goldman Sachs now expects Fed to hike rates in September
48+ 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)…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
50+ 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…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
3+ hour, 8+ 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
4+ hour, 51+ 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…...
Nepal tunnel survivor finds solace in village homecoming
13+ hour, 27+ min ago (447+ words) TILATHI KOILADI, Nepal, Sept 13 (Reuters) – After nine days trapped in a hydropower tunnel and a week of hospital care following his dramatic rescue, Sanjay Sah, a rare survivor of last month’s devastating glacier collapse in Nepal, finally returned to his…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
16+ hour, 36+ min 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…...
Russia hits truck near Polish border in latest strike near NATO
17+ hour, 36+ min ago (520+ words) KYIV/MOSCOW Sept 13 (Reuters) – Russia attacked a truck near Ukraine’s border with Poland, Polish and Ukrainian officials said on Sunday, the latest strike to hit areas near NATO as Moscow and Kyiv intensify their long-distance strikes to try to shift…...
Israeli strike kills two people in Gaza, medics say
18+ hour, 48+ min ago (220+ words) CAIRO, Sept 13 (Reuters) – An Israeli airstrike on Sunday killed at least two Palestinians in a vehicle and wounded 13 others in the Gaza Strip, medical staff said. The strike in the Tel Al-Hawa neighbourhood in western Gaza City, left the vehicle…...
Russia hits Ukrainian-Polish border area, Kyiv says
18+ hour, 29+ min ago (191+ words) KYIV, Sept 13 (Reuters) – A Russian drone struck near the Ukrainian-Polish border in the small town of Yahodyn overnight, Ukraine’s Foreign Minister Andrii Sybiha said on Sunday. The minister corrected his earlier statement saying the drone struck on the border crossing…...
Speculators turn net long on yen for first time since February
1+ day, 29+ min 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…...