News
Important Only
XAI in talks to lease data center capacity in Saudi Arabia, Bloomberg News reports
July 16 (Reuters) - Elon Musk's xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported on Wednesday, citing people familiar with the matter.The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigaw...Reuters
Wed, Jul 16
CORRECTED-US military says Yemeni forces seized Iranian arms shipment bound for Houthis
July 16 (Reuters) - The U.S. Central Command (CENTCOM) said in a post on X on Wednesday Yemeni forces seized a 'massive' Iranian weapons shipment bound for Houthi militants.Yemeni forces "seized over 750 tons of munitions and hardware to include hundreds of advanced cruise, anti-ship, an...Reuters
Wed, Jul 16
US FAA not considering replacing L3Harris, Verizon contracts with Musk's Starlink
WASHINGTON, July 16 (Reuters) - The Federal Aviation Administration told lawmakers it is not considering replacing its current telecommunication contracts it holds with L3Harris LHX.N or Verizon Communications VZ.N with Elon Musk's SpaceX's Starlink satellite unit."The FAA is not aware o...Reuters
Wed, Jul 16
US sells $65 billion in 17-week bills at high rate of 4.23 pct
NEW YORK, July 16 (Reuters) - The U.S. Treasury's auction on Tuesday of $65 billion in 17-week or 119-day bills yielded a high rate of 4.23%, awarding 80.3% of bids at that rate, according Treasury data.The bill saw a bid-to-cover ratio, a gauge of demand, of 3.02.Reuters
Wed, Jul 16
Trump, asked if he plans to fire Fed chair Powell, says "not planning" on it
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump on Wednesday said he was not planning to fire Federal Reserve Board Chair Jerome Powell, but declined to rule out anything, citing an investigation into cost overruns on a $2.5 billion Fed renovation project.Trump repeated his criticism of ...Reuters
Wed, Jul 16
Troops Inc Unit Enters LOI To Acquire Stake In Malaysian Co-Living And Co-Working Space
July 16 (Reuters) - TROOPS Inc SG5.F:TROOPS, INC. (NASDAQ: TROO) SUBSIDIARY ENTERS LETTER OF INTENT TO ACQUIRE STAKE IN MALAYSIAN CO-LIVING AND CO-WORKING SPACETROOPS: GIANT CONNECTION LIMITED WILL ACQUIRE 49% OF JUPITER STONE HOLDING LIMITED'S 62.5% OWNERSHIP IN Y CONCEPT HOLDING LIMITEDReuters
Wed, Jul 16
Rheinmetall talking to several parties over deal for automotive division
DUESSELDORF, July 16 (Reuters) - Germany's Rheinmetall is holding talks with several potential bidders for its Power Systems auto supply business, the company said on Wednesday after newspaper Handelsblatt reported it was speaking to financial investor One Equity Partners (OEP)."Rheinmetall ...Reuters
Wed, Jul 16
Coface receives in-principle Lloyd’s approval for trade credit syndicate
July 16 - (The Insurer) - French credit insurer Coface said on Wednesday it has received in-principle approval from Lloyd’s to launch a new short-term trade credit syndicate, marking its entry into the Lime Street market.The new syndicate, Coface Syndicate 2546, will be managed by Apollo Syndicate M...Reuters
Wed, Jul 16
US expects de-escalation between Syria and Israel soon, Rubio says
WASHINGTON, July 16 (Reuters) - U.S. Secretary of State Marco Rubio said on Wednesday the situation in Syria is "complicated" but looks like a "misunderstanding" and he thinks progress towards de-escalation will be made in the next few hours.Reuters
Wed, Jul 16
Rugby-Winger Feyi-Waboso returns for England against the United States
July 16 (Reuters) - Coach Steve Borthwick has selected Immanuel Feyi-Waboso on the wing and could hand debuts to as many as six players when England face the United States in the final match of their summer tour in Washington DC on Saturday.Feyi-Waboso returns from a suspension picked up playing for...Reuters
Wed, Jul 16
Trump administration sued by US states for cutting disaster prevention grants
States claim FEMA lacked power to cancel grant programProgram provided billions of dollars for infrastructure upgradesTrump's targeting of FEMA under scrutiny after Texas floodsBy Daniel Wiessner July 16 (Reuters) - A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday se...Reuters
Wed, Jul 16
Basketball-WNBA's 'The Engine' Thomas gets fitting NASCAR tribute
By Amy Tennery NEW YORK, July 16 (Reuters) - WNBA MVP contender Alyssa Thomas will feature on the Dover Motor Speedway this weekend - though not behind the wheel - as her face graces the hood of RFK Racing driver Ryan Preece's No. 60 Castrol car.It is a fitting honour for the Phoenix Mercury ...Reuters
Wed, Jul 16
TREASURIES-US two-year yields slump after news report on Powell
NEW YORK, July 16 (Reuters) - U.S. Treasury two-year yields dropped on Wednesday, after a report suggested that President Donald Trump is likely to fire Federal Reserve Jerome Powell soon.U.S. two-year yields, which track interest rate expectations, dropped 6.9 basis points (bps) to 3.889% US2YT=RR....Reuters
Wed, Jul 16
COLUMN-Why banks and investors find heat risks easy to ignore: Virginia Furness
By Virginia Furness LONDON, July 16 (Reuters) - Heatwaves, which climate change has long made more frequent and taxing in tropical and desert regions, are now becoming more common in Europe. This summer's heatwave killed 2,300 people across Europe in the days leading up to July 2. Scientists ...Reuters
Wed, Jul 16
Mexico plans stronger trade collaboration with Canada after Trump tariff threats
MEXICO CITY, July 16 (Reuters) - Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.S. President Donald Trump set to go in effect...Reuters
Wed, Jul 16
