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Exxon expects cut of 10% to 15% in Singapore workforce by end-2027
SINGAPORE, Oct 1 (Reuters) - Exxon Mobil Corp XOM.N expects to cut staff numbers in Singapore by 10% to 15% and move its office to its Jurong plant on the island by the end of 2027, the company said on Wednesday, in a global restructuring effort.
Wed, Oct 1
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GLOBAL MARKETS-Stocks retreat, gold hits record as US government shuts down
SYDNEY, Oct 1 (Reuters) - Wall Street futures fell, gold struck a record high and the dollar eased on Wednesday as the U.S. government shut down much of its operations, possibly delaying the release of crucial jobs data that could muddy the interest rate outlook.
Wed, Oct 1
Spooked by AI, Bollywood stars drag Google into fight for 'personality rights'
NEW DELHI, Oct 1 (Reuters) - In India, Bollywood stars are asking judges to protect their voice and persona in the era of artificial intelligence. One famous couple's biggest target is Google's GOOGL.O video arm YouTube.
Wed, Oct 1
Japan's shorter-end bond yields edge down as US government shuts down
TOKYO, Oct 1 (Reuters) - Yields on Japan's shorter-dated government bonds edged down on Wednesday as investors bought safe-haven assets as uncertainties rose after the U.S. government entered a shutdown.
Wed, Oct 1
Asian factories struggle as soft China, US demand takes toll
TOKYO, Oct 1 (Reuters) - Factory activity shrank in most of Asia's major economies in September, private surveys showed on Wednesday, as signs of a slowdown in U.S. growth and the expected impact of President Donald Trump's tariffs added to pressure from weak Chinese demand.
Wed, Oct 1
Dollar slips to one-week low as US government shuts down
TOKYO, Oct 1 (Reuters) - The dollar sank to a one-week low versus major peers on Wednesday as the U.S. government entered a shutdown that is likely to delay the release of crucial jobs data.
Wed, Oct 1
EXCLUSIVE-Japan's far-right party courts Trump allies, vows not to get 'wacky'
TOKYO, Oct 1 (Reuters) - Japan's far-right Sanseito party has set up an international arm to court Trump allies such as Steve Bannon and like-minded groups in Europe, betting that global conservative recognition will help it shake up staid Japanese politics, according to four party officials.
Wed, Oct 1
Japan business mood improves, clears another hurdle for BOJ rate hike
Big manufacturers' sentiment index +14 vs previous +13Big non-manufacturers' index +34, matches forecastBig firms expect conditions to worsen, tankan showsTankan outcome seen as key to BOJ's rate-hike timingBy Leika Kihara TOKYO, Oct 1 (Reuters) - Confidence among big Japanese manufac...
Wed, Oct 1
Japan's Sept factory activity falls at fastest pace in six months, PMI shows
TOKYO, Oct 1 (Reuters) - Japan's manufacturing activity shrank at the fastest pace in six months in September, with sharper falls in output and new orders, a private sector survey showed on Wednesday.
Wed, Oct 1
Oil steadies as investors weigh OPEC+ output hike against US crude inventories
Oct 1 (Reuters) - Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking inventories in the U.S.
Wed, Oct 1
Japan PM contender Koizumi wants government, BOJ to share common view on policy
TOKYO, Oct 1 (Reuters) - Shinjiro Koizumi, a top contender to become Japan's next premier, said it was important for the government and central bank to share a common understanding on the direction of economic policy, the Nikkei newspaper reported.
Wed, Oct 1
Apple, Google, Meta must face lawsuits over casino-style gambling apps
Sept 30 (Reuters) - A federal judge on Tuesday denied Apple AAPL.O, Google and Meta Platforms' META.O requests to dismiss lawsuits claiming they promoted illegal gambling by hosting and accepting commissions from casino-style apps that addict users.
Wed, Oct 1
US government lurches toward shutdown, Trump threatens fresh cuts
WASHINGTON, Sept 30 (Reuters) - The U.S. lurched toward a government shutdown on Tuesday as a vote to extend funding past a midnight deadline failed in the U.S. Senate and President Donald Trump threatened to extend his purge of the federal workforce.
Wed, Oct 1
Australia's Nova Minerals gets US grant for antimony production at Alaska project
Oct 1 (Reuters) - Australian critical minerals explorer Nova Minerals NVA.AX said on Wednesday it had received a $43.4 million U.S. grant to produce antimony trisulfide at its Estelle project in Alaska, sending its shares to a more than two-and-a-half-year high.
Wed, Oct 1
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Oil settles lower as investors brace for possible OPEC+ output hike
OPEC+ plans larger increase to output in November, sources sayIraq's Kurdistan crude oil flows via Turkey resume Netanyahu supports US-backed Gaza peace proposalUS crude stocks fall, fuel inventories rise, API data showBy Georgina McCartney HOUSTON, Sept 30 (Reuters) - Oil prices settled lowe...
Tue, Sep 30
Exxon to cut 2,000 jobs in restructuring hitting Canada and EU
Exxon restructuring affects 3-4% of global workforceNo US job cuts planned, half in Canadian unit Imperial OilOil price slump prompts industry-wide job cuts, efficiency measuresBy Sheila Dang and Vallari Srivastava HOUSTON, Sept 30 (Reuters) - Top U.S. oil major Exxon Mobil XOM.N said on Tue...
Tue, Sep 30
Trump visa curbs push U.S. firms to consider shifting more work to India
BENGALURU/HYDERABAD, Sept 30 (Reuters) - Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say.
Tue, Sep 30
[Reuters Analysis] Big Oil is long-term bullish despite short-term gloom: Bousso
LONDON, Sept 30 (Reuters) - While energy companies are retrenching in the face of a bleak near-term outlook for oil and gas, their investment plans suggest they believe the environment will shift dramatically by the end of the decade.
Tue, Sep 30
Goldman Sachs sees 140,000 bpd OPEC+ quota hike for November
Sept 30 (Reuters) - Goldman Sachs on Tuesday said that it expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, ahead of the group's meeting on Sunday.
Tue, Sep 30
Caution sets in as US government shutdown looms
European stocks, US stock futures lowerOil prices fall on expected OPEC+ production increaseGold falls from record highs, set for best month since 2020By Dhara Ranasinghe LONDON, Sept 30 (Reuters) - A note of caution took hold of world markets on Tuesday, with the dollar and equities slipping and...
Tue, Sep 30
