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Oracle mulls data center investment in Indonesia's Batam Island, Bloomberg News reports
March 14 (Reuters) - Oracle Corp ORCL.N is in discussions with the Indonesian government to establish a cloud services center in the country's Batam Island, Bloomberg News reported on Friday, citing people familiar with the matter.Nongsa Digital Park in Batam is favoured as a location considering...
Fri, Mar 14
Oil bounces as Ukraine ceasefire deal remains elusive
SINGAPORE, March 14 (Reuters) - Oil prices rebounded on Friday to recover some of their more than 1% losses in the previous session, partly due to diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies.Brent crude futures rose 46 cents, or 0.7%...
Fri, Mar 14
[Reuters Analysis] Europe's top money managers start to bring defence stocks in from the cold
LONDON, March 13 (Reuters) - European asset managers are reconsidering their policies on investing in defence, under pressure from clients and some politicians to loosen restrictions and help fund the continent's race to re-arm.Under European Union rules, a number of funds badged as sustainable...
Fri, Mar 14
Australia, NZ dollars cling on through tariff turmoil
SINGAPORE, March 14 (Reuters) - The Australian and New Zealand dollars headed for a surprisingly steady week against other majors on Friday, as tariff-driven selling of U.S. assets was offset by a wobbly U.S. dollar.The Aussie AUD=D3 traded at $0.6291, about 0.2% weaker than where it finished...
Fri, Mar 14
Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say
SHANGHAI, March 14 (Reuters) - Tesla TSLA.O will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.The U.S. electric vehicle maker is developing the model...
Fri, Mar 14
Tesla warns it could face retaliatory tariffs
WASHINGTON, March 13 (Reuters) - U.S. automaker Tesla TSLA.O has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
Fri, Mar 14
PRECIOUS-Gold pauses after hitting record high, eyes $3,000 milestone
March 14 (Reuters) - Gold held steady on Friday after hitting a record high, as persistent uncertainty over U.S. tariffs and fears of trade tensions propelled prices, along with increased expectations of monetary policy easing by the Federal Reserve. FUNDAMENTALS* Spot gold XAU= was flat at $2,9
Fri, Mar 14
Britain to boost lending for defence exports by 2 billion pounds
LONDON, March 14 (Reuters) - Britain said on Friday it would increase the overall amount it lends other countries to buy from British defence firms, in an effort to boost exports of missiles and aircraft and bolster its defence industry.The government will increase its credit agency UK Export Financ
Fri, Mar 14
UK, US hold private talks to resolve Apple encryption order, Bloomberg News reports
March 13 (Reuters) - British officials held private talks with their U.S. counterparts to resolve concerns that UK is trying to force Apple to build a backdoor into Americans' encrypted data, Bloomberg News reported on Thursday, citing people familiar with the matter.
Fri, Mar 14
Meeting with Lutnick on tariffs was constructive, Canadian ministers say
WASHINGTON, March 13 (Reuters) - Canadian ministers emerged from a lengthy, high-level meeting between Canada and the United States on Thursday without immediate relief from U.S. tariffs on Canadian imports, but they said the discussion was constructive and that talks would continue.Speaking to repo
Fri, Mar 14
Toyota Tsusho America to acquire Radius Recycling in $1.34 billion deal
March 13 (Reuters) - Recycled metal products maker Radius Recycling RDUS.O said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp (TTC) 8015.T.
Thu, Mar 13
Shell completes sale of Nigerian onshore subsidiary SPDC
March 13 (Reuters) - Shell SHEL.L said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance.Renaissance, a consortium of five firms comprising four Nigerian exploration and production companies and...
Thu, Mar 13
METALS-Copper pulls back from five-month high on global growth worries
By Eric Onstad LONDON, March 13 (Reuters) - Benchmark copper prices in London retreated from five-month highs on Thursday as worries about global growth dulled the impact of U.S. tariffs inflating metals prices, while tin prices spiked to a 32-month peak after a mine in Congo closed.Three-month c...
Thu, Mar 13
RBC upgrades Wells Fargo to 'outperform' on valuation
RBC Capital Markets upgrades Wall Street giant Wells Fargo WFC.N to "outperform" from "sector perform".Says recent stock weakness gives investors a good entry point to buy WFC's stock** Brokerage expects WFC to execute on its growth plan to achieve its profitability target o...
Thu, Mar 13
US STOCKS SNAPSHOT-Futures pare losses after producer prices data
March 13 (Reuters) - U.S. stock index futures pared losses on Thursday after producer prices data showed abating inflation pressures, offering investors some respite as they seek clues on the Federal Reserve's monetary policy trajectory this year.
Thu, Mar 13
NFL signs Novartis as first pharmaceutical partner-source
NEW YORK, March 13 (Reuters) - The National Football League has signed its first-ever pharmaceutical partner in a multi-year deal with Switzerland-based firm Novartis NOVN.S, a league source told Reuters on Thursday.
Thu, Mar 13
Oil dips as economic concerns, supply and demand expectations weigh
Macroeconomic concerns stemming from tariffs remain prevalentGlobal demand firmer year on year and exceeded expectations, JP Morgan analysts sayGasoline inventories fall more than expected, EIA data shows By Paul Carsten LONDON, March 13 (Reuters) - Oil prices slipped on Thursday after surging in...
Thu, Mar 13
U.S. STOCKS ON THE MOVE-Novo Nordisk, Intel, Microsoft
March 13 (Reuters) - U.S. stock index futures declined on Thursday as investors closely monitored a stopgap government funding bill amid escalating slowdown fears driven by President Donald Trump's chaotic tariff policies. .N
Thu, Mar 13
Adobe's AI revenue, new subscription segments to drive long-term growth
Photoshop maker Adobe Inc ADBE.O forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its AI offerings while facing tough competition from startups** Shares of ADBE down ~4.7% at $418.03 in premarket tradingAI...
Thu, Mar 13
Stocks skid, gold gains as tariffs wipe out inflation relief
Stocks fell in Asia, reversing initial gains, while gold climbed to within $10 of its record peak and the safe-haven yen ticked up.
Thu, Mar 13
