By Supantha Mukherjee and Martin Coulter (Reuters) -The European Union has picked out 22 so-called “gatekeeper” services, run by six of the biggest tech companies in the world, to face new rules as part of its latest crackdown on Big Tech. The wide-ranging Digital Markets Act (DMA) will apply to services from Alphabet , Amazon,…
By Fabian Cambero SANTIAGO (Reuters) -Chile’s Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world’s top copper producer seeks to fund an investment drive to revive flagging output. The company offered 10-year and 30-year notes. The 10-year was for $1.3 billion with a yield of 5.966%, or 210…
By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, began its marketing road show for its blockbuster initial public offering on Tuesday in Baltimore, where T. Rowe Price is headquartered, underscoring the fund manager’s significance as a potential investor. Arm is also meeting with…
By Shariq Khan BENGALURU (Reuters) – Oil prices rose a dollar a barrel on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, worrying investors about potential shortages during peak winter demand. Brent crude futures rose by $1.04, or 1.2%, to settle…
By Matt Tracy and Davide Barbuscia (Reuters) – A post Labor-day rush of bond issuance by U.S. investment-grade-rated companies added renewed pressure on long-end U.S. Treasuries, as some investors switch to buying top-rated corporate debt offering higher yields than those on government bonds. At least 21 investment-grade rated bond offerings are expected to price on…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) -Central banks across major developed and emerging economies took a breather in August with the pace and scale of interest rate hikes shifting another gear lower as diverging growth outlooks and inflation risks muddied the outlook ahead. August – often a more quiet month for monetary policy…
By Trevor Hunnicutt and Jeff Mason PHILADELPHIA (Reuters) -U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House. A self-described champion of labor unions, Biden…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation that the U.S. Federal Reserve will cease its aggressive interest rate hike campaign. Saudi Arabia has spearheaded efforts to support prices, making large voluntary output cuts as part of a production deal agreed…
BEIJING (Reuters) – Tesla showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car – marking the first change to its mass-market car line-up…
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering (IPO) next week, people familiar with the matter said on Saturday….
