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US government takes 5% stakes in Lithium Americas and joint venture with GM
Shares rise 23% in Wednesday tradingDeal is part of US government efforts to boost domestic suppliesCanada's government to review investmentChina is the world's dominant refiner of lithiumBy Ernest Scheyder Oct 1 (Reuters) - The U.S. Department of Energy has taken a 5% stake in Lithium Am...Reuters
Wed, Oct 1
Euro zone inflation picks up, bolstering ECB's case for staying on hold
FRANKFURT, Oct 1 (Reuters) - Euro zone inflation accelerated last month on higher services prices and a smaller decline in energy costs, likely reinforcing bets on the ECB keeping interest rates on hold for some time.Reuters
Wed, Oct 1
Stocks mixed, gold hits record as US government shuts down
LONDON, 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.Reuters
Wed, Oct 1
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.Reuters
Wed, Oct 1
Nike's Q1 Gross Margin Defies Tariff Pressure in Early Win for New CEO's Strategy
TradingKey - Nike (NKE) reported better-than-expected first-quarter results for fiscal year 2026 after Tuesday’s market close, offering early evidence that its transformation strategy under new CEO Elliott Hill is gaining traction — even as the company continues to grapple with ongoing tariff press
TradingKey
Wed, Oct 1
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.Reuters
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.Reuters
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.Reuters
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.Reuters
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...Reuters
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.Reuters
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.Reuters
Wed, Oct 1
