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ECB’s Kazimir shifts focus to gas prices, sees upside inflation risk
10+ hour, 30+ min ago (336+ words) FRANKFURT, Sept 14 (Reuters) – Euro zone inflation could turn out higher than already elevated projections and the development of natural gas and power prices is becoming a key concern, European Central Bank policymaker Peter Kazimir said on Monday. The ECB raised…...
Morning Bid: Shipping oil gets ever harder, costlier
14+ hour, 1+ min ago (573+ words) A look at the day ahead in European and global markets from Wayne Cole. Brent is back above $107 a barrel as the Houthis close in on the Bab el-Mandeb, the other key channel for oil exports coming out of the…...
Ares names James Garforth principal for Asia direct lending
14+ hour, 23+ min ago (144+ words) HONG KONG, Sept 14 (Reuters) – Ares Management Corp, a global alternative investment manager, has appointed James Garforth as principal in its Asia direct lending business, according to an internal memo seen by Reuters on Monday. Here are some details: • Garforth joins…...
China state newspaper blasts Anthropic’s calls to slow AI as ‘Cold War’ tactic
14+ hour, 26+ min ago (343+ words) BEIJING, Sept 14 (Reuters) – An essay by Anthropic’s CEO calling for a slowing down of AI development may look like a rational statement focused on safety risks, but it is really a “Cold War playbook” targeting China, the state-backed Global Times…...
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
14+ hour, 8+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
15+ hour, 47+ min ago (186+ words) SEOUL, Sept 14 (Reuters) – Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 trillion won ($18.7 billion) upfront payment to support power supplies for planned semiconductor mega clusters, according to a document submitted to…...
‘Musk’ director wants viewers to reclaim power from ‘tech oligarchs’
17+ hour, 47+ min ago (514+ words) TORONTO, Sept 13 (Reuters) – Filmmaker Alex Gibney made his marathon documentary “Musk,” about the vast influence of billionaire Elon Musk, to prompt discussions about reclaiming power from “tech oligarchs,” he said in an interview on Sunday. The Oscar-winning documentarian is at…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
18+ hour, 5+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
US EPA poised to repeal carbon standards for gas, coal power plants, Bloomberg News reports
18+ hour, 56+ min ago (135+ words) Sept 13 (Reuters) - The U.S. Environmental Protection Agency is poised to formally repeal carbon pollution standards for coal- and gas-fired power plants, Bloomberg News reported on Sunday, citing people familiar with the matter. The latest cl... Sept 13 (Reuters) â The U.S…...
Shares slip in Asia as oil climbs, rate hikes loom
19+ hour, 24+ min ago (592+ words) SYDNEY, Sept 14 (Reuters) – Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new…...