News

Indonesia's Q2 Current Account Deficit Widens to 0.8% of GDP

JAKARTA (Reuters) -Indonesia ran a current account deficit of $3 billion in the second quarter, equal to 0.8% of its gross domestic product, after a deficit of 0.1% of GDP in the previous quarter, the ...

Dollar Drifts, Asian Stocks Mixed as Markets Brace for Jackson Hole

TOKYO (Reuters) -The U.S. dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the ...

Mexico's Inflation Seen Picking up in First Half of August: Reuters Poll

MEXICO CITY (Reuters) -Mexico's headline inflation likely rebounded in the first half of August underpinning prospects that ...

NZ's Fonterra Raises Annual Milk Price Forecast on Stable Dairy Prices

New Zealand's Fonterra Co-operative Group on Thursday increased its milk price forecast for the 2024/2025 season, banking on stable global dairy prices and solid sales book. The company increased the ...

Dollar Drifts as Investors Ponder Fed Independence Ahead of Powell Speech

SINGAPORE (Reuters) -The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair ...

Porsche-Backed Group14 Closes New Funding, Takes Control of JV's Battery Material Plant

The battery active material (BAM) factory in South Korea produces Group14's SCC55 at EV scale. The company now fully owns ...

Robotics Startup FieldAI Raises $314 Million in New Funding, Sources Say

FieldAI said it has raised $405 million over two funding rounds to scale its artificial intelligence platform but did not break out its latest financing. It added that backers include Khosla Ventures, ...

Oil Prices Gain as US Inventory Withdrawals Point to Strong Demand

Brent crude futures were up 13 cents, or 0.19%, to $66.97 a barrel at 0055 GMT, after gaining 1.6% in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, or 0.24%, to ...

Fed Minutes Could Show Whether Waller and Bowman Had Company in Favoring Rate Cuts Soon

FILE PHOTO: Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference ...

McDonald's to Offer Discounted Combo Meals, WSJ Reports

(Reuters) -McDonald's and its franchisees agreed to discount eight popular combo meal offerings by 15%, and offer $5 and $8 specials, the Wall Street Journal reported on Wednesday.

Meta Freezes AI Hiring, WSJ Reports

(Reuters) -Meta Platforms has paused hiring in its artificial intelligence division after bringing on more than 50 researchers and engineers, the Wall Street Journal reported on Wednesday. Reuters ...

Tech Selloff Pushes Down Nasdaq, S&P 500; Investors Cautious Ahead of Fed Meeting

The central bank's annual conference in Jackson Hole, Wyoming, kicks off on Friday, with Chair Jerome Powell expected to ...