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Alaska Airlines vows IT upgrades after outage forces 400 flight cancellations
By Kanishka Singh, Ismail Shakil and David Shepardson WASHINGTON, Oct 24 (Reuters) - U.S. carrier Alaska Airlines ALK.N said Friday it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for mo...
Fri, Oct 24
Oil slips on skepticism about US commitment to Russian oil sanctions
Benchmarks pare early-day gains spurred by Thursday's sanctions Brent, US crude both gain over 7% in the weekChinese state oil majors to suspend Russian oil purchasesIndian refiners set to cut their Russian crude imports By Erwin Seba HOUSTON, Oct 24 (Reuters) - Oil prices fell on Friday as s...
Fri, Oct 24
METALS-Copper nears $11,000 as tight supply, trade talks in focus
By Tom Daly Oct 24 (Reuters) - Copper rallied toward $11,000 per metric ton on Friday on persistent concerns over a shortage of supply and renewed optimism over trade talks between the United States and China.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 1% at $10,960 a...
Fri, Oct 24
US natural gas prices ease to one-week low as storage remains high
U.S. natural gas futures eased about 1% to a one-week low on Friday on a small output increase in recent days and ample amounts of fuel in storage.
Fri, Oct 24
U.S. equity funds see strong inflows as earnings optimism boost risk appetite
U.S. equity funds saw robust inflows in the week through October 22 bolstered by optimism over a broadly upbeat quarterly earnings season so far.
Fri, Oct 24
Asia Distillates-Margins hover at 1 1/2-yr highs on robust market fundamentals
Asia's diesel market performance was robust through the week, supported by expectations of firm November supply-demand fundamentals, while refining margins GO10SGCKMc1 rose back to slightly more than 1 1/2-year highs of $23 a barrel.
Fri, Oct 24
GRAINS-Chicago soybeans set for best weekly gain in 10 on trade optimism
Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained on track for their biggest weekly gain in 10 weeks on hopes of renewed trade talks with top buyer China.
Fri, Oct 24
Fiery setback not enough to knock Ford out of cruise control
Ford Motor F.N cut its profit forecast on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through year-end
Fri, Oct 24
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Procter & Gamble up after beating estimates on resilient demand for beauty, hair care products
Shares of consumer goods bellwether Procter & Gamblerise about 3% to $155.34 premarket
Fri, Oct 24
Japan's Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports
Oct 24 (Reuters) - Japanese brewer Kirin 2503.T has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter.The company has been working with advisers from UBS UBSG.S to weigh interest from potential buyers ...
Fri, Oct 24
Japan's Nikkei rises on tech boost, set for eighth weekly gain in nine
TOKYO, Oct 24 (Reuters) - Japan's Nikkei share average rose more than 1% on Friday, driven by index heavyweight tech stocks, and was poised for an eighth weekly gain in nine on expectations for fiscal dove Sanae Takaichi's new government.
Fri, Oct 24
China-linked battery company abandons plan to build Michigan plant, state says
WASHINGTON, Oct 23 (Reuters) - A subsidiary of Chinese battery company Gotion has abandoned a plan to build a $2.4 billion plant in Michigan to produce key materials for electric vehicle batteries, the state said on Thursday.
Fri, Oct 24
Reliance may take 4% hit on earnings if India shifts away from Russian oil, Morgan Stanley says
Morgan Stanley says if India shifts from Russian crude after U.S. sanctions, Reliance RELI.NS earnings could fall about 4% in FY27
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal moves
TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defence spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities.
Fri, Oct 24
Trump pardons convicted Binance founder 'CZ' Zhao
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds.
Fri, Oct 24
Intel beats third-quarter profit estimates as cost cuts, investments pay off
Oct 23 (Reuters) - Intel INTC.O beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.
Fri, Oct 24
Anthropic to use Google's AI chips worth tens of billions to train Claude chatbot
Oct 23 (Reuters) - Anthropic is expanding its deal with Google to use as many as one million of the tech giant's artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market.Under the deal announced on Thursday, Anthro...
Fri, Oct 24
EU vows financial backing for Kyiv, holds off on frozen assets plan
BRUSSELS, Oct 23 (Reuters) - European Union leaders agreed on Thursday to meet Ukraine's "pressing financial needs" for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a giant loan to Kyiv due to concerns raised by Belgium.
Fri, Oct 24
Putin defiant after Trump sanctions Russian oil companies over Ukraine
MOSCOW, Oct 23 (Reuters) - Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that pushed global oil prices up 5%.
Fri, Oct 24
Trump to meet Xi in South Korea as part of Asia swing
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump will meet Chinese President Xi Jinping next week as part of a trip to Asia, the White House said on Thursday, confirming the meeting which had been called into question following an escalation in trade tensions. White House press secretary K
Fri, Oct 24
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