(Reuters) -Australia’s Woodside Energy said on Wednesday it has clinched an agreement to supply about 5.8 billion cubic metres of liquefied natural gas, to Turkish state-owned petroleum company BOTAS. Australia’s biggest natural gas producer has agreed to supply for a period of nine years starting from 2030, primarily from its Louisiana LNG project, according to […]
BERLIN (Reuters) -Mercedes-Benz announced changes to its top management on Wednesday, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost efficiencies with a younger board. Burzer, aged 55, will assume responsibility for development and procurement and take on the CTO role from the beginning of December together, the […]
Neeraj Seth, a former chief investment officer at BlackRock Inc.’s Asia Pacific fundamental fixed income team, is looking to raise up to $700 million for a credit hedge fund, aiming to break into a niche where few independent players operate. 3R Investment Management will invest up to 80% in long-short strategy in corporate bonds and […]
Oil dropped for a fifth day — on pace for the longest losing run since early August — on signs that global supplies are set to increase, potentially feeding a surplus in the fourth quarter and into 2026. Global benchmark Brent fell toward $66 a barrel after slipping 2.8% over the previous four sessions, while […]
Alibaba Group Holding Ltd. (BABA) is trying to attract established brand names on Amazon.com Inc. (AMZN) to its global e-commerce site AliExpress, stepping up efforts to expand its footprint on the Seattle-based firm’s home turf. AliExpress, Alibaba’s online retail portal for markets outside China, is trying to add more major brands by promising lower shipping […]
(Bloomberg) — Gold powered to a record in the week’s opening session after flows into exchange-traded funds hit a three-year high, with investors betting that the Federal Reserve’s rate-cutting cycle has further to run. Silver also rose, with year-to-date gains topping 50%. The more expensive metal spiked toward $3,720 an ounce, building on a run […]
Since being laid off from her human resources job in the hospitality industry in May, Sashi Cayard has tried it all: walking into businesses to hand over her resume in person, applying to a slew of positions online, venturing outside of her industry, and contacting hiring managers directly. Still, nothing. The 26-year-old from Miami even […]
The breadth of strength is unmistakable for anyone watching their portfolios and financial headlines. At long last, rate cut relief has arrived. And while Wall Street had priced in the Fed’s shift toward easing, the actual decision brought a jolt of bullish energy. All three major averages clinched record closes this week. And for the […]
The Federal Reserve poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy — with fear in retreat and greed unleashed. An interest-rate cut meant to cushion the weakening labor market might once have sparked caution. Instead, it lit a fire under the risk […]
Mortgage rates have inched higher after the Federal Reserve cut benchmark interest rates, a counterintuitive but common phenomenon. The average 30-year fixed mortgage rate was 6.35% on Friday, up from 6.13% the day before the Fed cut rates, according to Mortgage News Daily. Mortgage rates ticked up after the central bank delivered its widely expected […]
For the first time since at least the 1990s, China hasn’t bought any US soybeans at the start of the export season, a sign that Beijing is once again using agriculture as leverage in its trade fight with Washington. As the world’s top soybean buyer, China wields enormous influence over global markets. Now it’s reviving […]
Zijin Gold International Co. is seeking to raise HK$25 billion ($3.2 billion) for an initial public offering in Hong Kong that’s poised to be the world’s biggest deal of its kind since May. The unit of China’s top miner is offering about 349 million shares at HK$71.59 each, with trading set to begin Sept. 29, […]
