News Wire

Australian dlr gains on prospect of reopening, higher commodities

06h19 The Australian dollar gained ground on Tuesday, helped by high resource prices and the blistering pace of vaccinations at home, while New Zealand bond yields spiked ahead of a looming lift in local cash. . .  Full story

World Bank says Delta variant slowing economic growth in East Asia and Pacific

06h12 The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said. . .  Full story

Indian shares open flat as tech erases energy gains

06h04 Indian shares opened flat on Tuesday, hovering near record highs scaled last week, as gains in auto and energy stocks countered losses in tech and real estate scrips.. . .  Full story

Hong Kong banks have limited exposure to stressed Chinese developers - regulator

06h03 The risks to Hong Kong banks from heavily indebted Chinese property developers are manageable, a top executive at the city's banking regulator said on Tuesday.. . .  Full story

Malaysia's August  exports rise 18.4%, above forecast

06h01 Malaysia's exports in August rose 18.4% from a year earlier, more than expected, government data showed on Tuesday.‚Äč August's exports were expected to rise 14.6%, according to 14 economists surveyed in a Reuters poll. Imports. . .  Full story

Gold ekes out gains but firm dollar, bond yields hit appeal

05h54 Gold prices edged higher on Tuesday, buoyed by concerns over the possible fallout from debt-laden developer China Evergrande's crisis, though a firm dollar and gains in U.S. Treasury yields kept the safe-haven metal in. . .  Full story

Two-year yield jumps as traders brace for rate hikes

05h38 Two-year Treasury yields surged on Tuesday to 18-month highs as investors priced in the prospect of rising cash rates and the risk of persistent inflation, forcing the U.S. government to pay more to sell. . .  Full story

World Bank cuts Thai GDP growth outlook to 1% this year

05h37 Thailand's economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors, the World Bank said on. . .  Full story

Japan to end COVID-19 state of emergency this month

05h36 Japan will lift a coronavirus state of emergency in all regions on Thursday as the number of new cases falls and the strain on the medical system eases, Economy Minister Yasutoshi Nishimura said.. . .  Full story

Hong Kong home prices revised to record high in July, edge lower in Aug

05h30 Hong Kong private home prices hit a record high in July, according to revised data, before dropping a tad in August, suggesting one of the world's most expensive property markets is showing little sign. . .  Full story

Microsoft CEO says failed TikTok deal 'strangest thing I've worked on'

05h08 Microsoft Corp's near-acquisition of social media app TikTok last year was the "strangest thing I've ever worked on," Chief Executive Officer Satya Nadella said on Monday.. . .  Full story

Oil extends rally into 6th day on tight supply, Brent hitting 3-yr high

05h04 Oil markets rose on Tuesday, reversing earlier losses and extending their rally into a sixth session, amid continued concerns over tight supply at a time when demand is picking up with the easing of. . .  Full story

S.Korea's c.bank to raise ESG focus in foreign currency asset management

05h00 South Korea's central bank said on Tuesday it would raise its focus on environmental, social and governance (ESG) issues in managing its foreign currency assets and prepare guidelines to be applied to these assets. . .  Full story

Japanese stocks fall on caution ahead of ruling party leadership election

04h59 Japanese shares slipped on Tuesday, dragged down by losses in chip makers and shippers, as investors chose to pocket profits ahead of a leadership election in the ruling party.. . .  Full story

S.Korea stocks track Asia markets lower on Evergrande, China power worries

04h58 Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday, in line with their Asian peers, on lingering fears over China Evergrande Group's debt. . .  Full story

Corn eases from 4-week top on U.S. harvest pace; wheat slips

04h58 Chicago corn slid on Tuesday, easing from a four-week high scaled in the previous session, as a rapid U.S. harvest put pressure on prices.. . .  Full story

China coking coal, coke futures leap amid supply crunch

04h45 Chinese coking coal and coke futures jumped more than 4% on Tuesday, fuelled by concerns of tight supply amid Beijing's toughening emissions standards, although demand for the steelmaking ingredients remained tepid as mills cut production.. . .  Full story

China's industrial profit growth slows for sixth month in Aug

04h38 Profits at China's industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, COVID-19 outbreaks and shortages in some. . .  Full story

New Zealand seeks to cool scorching housing market with new law

04h35 New Zealand moved on Tuesday to cool its red-hot housing market by introducing rules designed to make property speculation less appealing and improve record low housing affordability, a major issue for the government of. . .  Full story

Shanghai tin drops as Chinese power curbs spark demand worries

04h29 Shanghai tin prices fell on Tuesday, retreating from record highs hit in the previous session, as power restrictions in top consumer China raised worries over demand.. . .  Full story

Asian currencies mixed, S.Korean won weakens most

04h12 The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR. . .  Full story

Asian markets grapple with Evergrande fallout, eye China power crunch

04h11 Asian shares mainly drifted lower Tuesday as investors continued to fret over China Evergrande Group's unsolved debt crisis and eyed the potential impact of a widening power shortage in China.. . .  Full story

Ford, SK to invest $11.4 bln to add electric F-150 plant, three battery factories

04h08 Ford Motor Co and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant and three battery plants in the United States, accelerating the U.S. automaker's push into. . .  Full story

Australia retail sales slide in August, but relief in sight

04h07 Australian retail sales dived for a third straight month in August as half the population were trapped in coronavirus lockdowns, though reopening is in sight as vaccinations race toward world-beating levels.. . .  Full story

Gaming company Kepler raises $120 mln from China's NetEase

04h00 Kepler Interactive, a game publisher co-owned and run by developers, on Tuesday said it got $120 million in funding from Chinese gaming firm NetEase Inc .. . .  Full story

Australia shares track Wall Street lower; gold loses shine

03h59 Australian shares fell on Tuesday as technology stocks tracked the overnight plunge in Wall Street's tech-heavy Nasdaq index, while a firmer U.S. dollar pushed domestic gold stocks to their lowest level in 1-1/2 years.. . .  Full story

China provincial governor urges more coal imports to resolve power shortages

03h54 China should work to import more coal from Russia, Indonesia and Mongolia in order to resolve supply shortages now crippling large sections of industry https://www.reuters.com/world/china/chinas-power-crunch-begins-weigh-economic-outlook-2021-09-27, said Han Jun, governor of the northeastern provinc. . .  Full story

Competition, chips, AI on table at first U.S.-EU trade and tech meet

03h47 The United States and the European Union hope to discuss chip shortages, artificial intelligence (AI) and tech competition issues during the first Trade and Tech Council (TTC) meeting this week, senior U.S. administration officials said. . .  Full story

BlueBay, Blackrock, Ashmore and UBS exposed to Evergrande -Morningstar

03h04 BlackRock Inc and Royal Bank of Canada's BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group, while TCW and HSBC funds have closed positions, researcher Morningstar said.. . .  Full story

Shell eyes mid-Oct for Norco, Louisiana, refinery's post-hurricane restart -sources

03h02 Royal Dutch Shell Plc tentatively plans the first restart of a production unit at its 230,611 barrel-per-day (bpd) Norco, Louisiana, refinery for mid-October, sources familiar with plant operations said on Monday.. . .  Full story

Yen weakens to 111 per dollar as U.S. Treasury yields soar

02h59 The yen traded near an almost three-month low to the dollar and reached a two-week trough versus the euro on Tuesday, as rising bond yields in the U.S. and Europe lured Japanese investors.. . .  Full story

BOJ policymakers warned of Japan's recovery delay, China risk

02h52 Some Bank of Japan policymakers warned of the risk of a delay in the country's economic recovery as state of emergency curbs to combat the coronavirus pandemic weighed on consumption, minutes of their July. . .  Full story

Endeavor to buy sports betting unit from Scientific Games for $1.2 bln

02h30 Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will acquire sports betting business OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday.. . .  Full story

Goldman cuts China GDP growth forecast on energy supply crunch

02h27 Goldman Sachs has cut China's economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add "significant downside pressures", it said in a note on Tuesday.. . .  Full story

Morgan Stanley Asia veteran Christianson retires - memo

02h27 Morgan Stanley's Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters.. . .  Full story

PBOC promises to protect consumers as China Evergrande teeters

02h04 China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system as the Shenzhen government began investigating the wealth management unit of ailing developer. . .  Full story

Boeing showcases eco-friendly tech as industry faces pressure

01h41 Boeing Co showcased efforts to boost efficiency in its aircraft on Monday, a week after rival Airbus staged a similar conference, as global aviation faces growing political pressure to cut emissions and demands by environmental. . .  Full story

CME hog futures surge on bullish USDA data; cattle futures sag

01h26 Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd.. . .  Full story

New York hospitals fire, suspend staff who refuse COVID vaccine

01h08 New York hospitals on Monday began firing or suspending healthcare workers for defying a state order to get the COVID-19 vaccine, and resulting staff shortages prompted some hospitals to postpone elective surgeries or curtail services.. . .  Full story

U.S. appeals court rules New York City can order teachers, staff to get COVID vaccine

01h03 A federal appeals court on Monday ruled that New York City can order all teachers and staff to get the COVID-19 vaccine, reversing a previous decision that had put the mandate on hold. (Reporting by. . .  Full story

Aurora Cannabis revenue falls short of expectations on lower pot demand

01h02 Aurora Cannabis Inc on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders.. . .  Full story

Petrobras eyes Brazil price hikes despite political pressure

00h58 Brazil's state-run oil company, Petrobras, is considering raising fuel prices as the prices of some petroleum derivatives are out of line with the global market, Logistics and Sales Director Sales Claudio Mastella said on Monday.. . .  Full story

Fed resignations don't blunt calls for broader ethics changes

00h52 U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial. . .  Full story

New York Fed's Williams cautions of debt-ceiling risk to markets

00h49 New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue https://www.reuters.com/world/us/what-are-congress-options-funding-govt-raising-debt-limit-2021-09-26, but said market particip. . .  Full story

Alternative asset manager P10 files for U.S. IPO

00h04 P10 Inc, the holding company of investment firm P10 Holdings Inc, on Monday filed for an IPO in the United States, becoming the latest alternative asset manager exploring a public listing as shares of. . .  Full story

Shift to EVs means huge 'reskilling' job for Europe - report

00h01 The shift to electric vehicles will force huge changes in the auto industry and require EU backing for 'reskilling' programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.. . .  Full story

Canada seeks to attract U.S. frequent flyers with perks on Air Canada

00h00 Canada is trying to use the lure of travel perks to convince America's frequent-flying elite to fly north on Air Canada, as the country steps up efforts to revive crucial traffic from the United. . .  Full story

U.S. environment agency urged by 21 states to toughen vehicle emissions rewrite

27/09 A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed.. . .  Full story

Fed will allow labor markets to 'run their course': Bostic

27/09 Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one.. . .  Full story

Chile cenbank to decide on roll-out of digital currency in 2022

27/09 Chile's central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with. . .  Full story

GM backs vehicle emissions reductions goals in EPA proposal

27/09 General Motors supports the emission reduction goals in the proposed rewrite of vehicle standards through 2026 issued by the U.S. Environmental Protection Agency last month, according to written comments the automaker filed with the EPA. . .  Full story

Australia shares poised to open lower, NZ up

27/09 Australian shares are set to open lower on Tuesday, likely dragged down by tech stocks taking cues from a weak session on Wall Street overnight which could possibly offset a boost in the local. . .  Full story

Fed's Powell: Reopening economic bottlenecks could be "more enduring"

27/09 The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome. . .  Full story

UFC-owner Endeavor to buy sports betting firm OpenBet for $1.2 bln

27/09 Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will buy sports betting firm OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday.. . .  Full story

Toronto market rises as energy shares reach 3-month high

27/09 Canada's main stock index rose on Monday as a rally in oil prices lifted the energy sector to the highest level in nearly three months, while financials gained ground as bond yields rose.. . .  Full story

PennEast becomes the latest to scuttle a natural gas pipeline project

27/09 PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory. . .  Full story

New York hospitals face staff shortages as vaccine mandate kicks in

27/09 New York hospitals were preparing to fire thousands of healthcare workers for not complying with a COVID-19 vaccine mandate taking effect on Monday, with some in the upstate region curtailing services to cope with staff. . .  Full story

Aurora Cannabis posts smaller core loss on higher pot demand, cost cuts

27/09 Aurora Cannabis Inc, reported a smaller fourth-quarter core loss on Monday, as the pot producer benefited from aggressive cost-cut measures and higher demand for cannabis and related products.. . .  Full story

Warburg, Ontario Teachers consider sale of Chisholm Energy -sources

27/09 Warburg Pincus and the Ontario Teachers' Pension Plan (OTPP) are exploring a sale of Chisholm Energy, an oil and gas exploration and production company focused on the Permian basin, people familiar with the matter. . .  Full story

Brazil's Abitrigo says millers won't buy GMO wheat from Argentina

27/09 Brazilian domestic flour millers are threatening to stop buying wheat from Argentina if Brazil commercially approves GMO wheat imports from the neighboring country, Rubens Barbosa, head of the Brazilian Wheat Industry Association (Abitrigo), said on. . .  Full story

Tech pulls Nasdaq, S&P 500 down as Treasury yields rise

27/09 The S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter's final week.. . .  Full story

Seven Venezuela oil workers arrested over refinery outage, sources say

27/09 Seven Venezuelan oil workers have been detained by military counterintelligence officers following an outage at a unit of state oil company PDVSA's 310,000 barrel-per-day (bpd) Cardon refinery, according to eight sources familiar with the matter.. . .  Full story

MARKETS-Rising Treasury yields hit tech stocks; oil at 3-year highs

27/09 U.S. government borrowing costs advanced for a sixth week on Monday, hurting tech stocks as investors bet on rising interest rates, while three-year high oil prices ignited the energy sector.. . .  Full story

Ready to taper or waiting for more data? Recent Fed officials' comments

27/09 The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track.. . .  Full story

Fed's Kaplan to leave job Oct. 8, citing trading activities

27/09 Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities.. . .  Full story

Citigroup appoints former U.S. Treasury official as general counsel - memo

27/09 Citigroup Inc has named former U.S. Treasury official Brent McIntosh as its new general counsel and corporate secretary, Chief Executive Officer Jane Fraser wrote in a memo to employees on Monday.. . .  Full story

Lebanon's PM Mikati says financial recovery plan will have fair losses distribution - local televison

27/09 Lebanon's Prime Minister Najib Mikati said on Monday the financial recovery plan to be drawn up by his cabinet will include a fair distribution of losses suffered by the financial system.. . .  Full story

Restaurant chain Portillo's reveals revenue jump in IPO filing

27/09 Portillo's Inc, a restaurant chain known for its Chicago-style hot dogs, on Monday made public its filing for a U.S. stock market listing, revealing a nearly 19% jump in revenue for the two quarters. . .  Full story

Canadian dollar climbs to near 2-week high as oil rallies

27/09 The Canadian dollar strengthened to its highest level in nearly two weeks against the greenback on Monday as oil prices rose and the impact of last week's hawkish shift by the U.S. Federal Reserve. . .  Full story

Brazil's Vale says 39 workers trapped in Canada mine; rescue underway

27/09 Some 39 mine workers have been trapped underground since Sunday at Vale SA's Totten mine in Sudbury, Canada, the Brazilian mining firm said on Monday.. . .  Full story

Latam currencies fall as dollar rises, Brazil real reverses gains

27/09 Latin American currencies fell against a firmer dollar on Monday, while a near 5% jump for oil major Ecopetrol put the Colombian equity benchmark on course for its best session in nearly six weeks.. . .  Full story

Cryptocurrencies see 6th straight week of inflows, led by bitcoin -CoinShares data

27/09 Cryptocurrency investment products and funds posted inflows for a sixth consecutive week, as investors viewed recent regulatory challenges in the sector as buying opportunities, data from digital asset manager CoinShares showed on Monday.. . .  Full story

Oil up on tight supply, Brent crude nears $80 a barrel

27/09 Oil prices gained on Monday for a fifth straight day, with Brent at its highest since October 2018 and heading for $80, as investors fretted about tighter supplies because of rising demand in parts. . .  Full story

U.S. dollar gains, tracks rise in Treasury yields

27/09 The U.S. dollar advanced for a second straight session on Monday, bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could affirm expectations of. . .  Full story

CAA to buy rival ICM Partners in merger of major Hollywood talent agencies

27/09 Creative Artists Agency (CAA) said on Monday it would buy rival ICM Partners, in a deal that will merge two major Hollywood talent agencies.. . .  Full story

Generali CEO wins board backing amid shareholder row

27/09 The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy's top insurer, two people close to the matter said.. . .  Full story

Israeli PM says Iran has crossed nuclear 'red lines'; Tehran calls it 'full of lies'

27/09 Israeli Prime Minister Naftali Bennett said on Monday that Iran had crossed "all red lines" in its nuclear program and vowed that Israel would not allow Tehran to acquire a nuclear weapon.. . .  Full story

Peru moves to renegotiate natural gas contract with Pluspetrol-led consortium

27/09 Two Peruvian ministers on Monday delivered a formal letter to the Pluspetrol-led Camisea consortium, the largest natural gas player in Peru, requesting that the company renegotiate its contract with the state in order to pay. . .  Full story

Generali's board to back new mandate for CEO Donnet - sources

27/09 The board of Assicurazioni Generali decided on Monday to back the reappointment of current CEO Philippe Donnet as part of a slate of nominees it will put forward next spring when shareholders in Italy's biggest. . .  Full story

EU lawmakers reject attempts to block green investment rules

27/09 European Parliament members on Monday rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.. . .  Full story

Corn futures up 2% on firm cash markets; soy firm, wheat choppy

27/09 U.S. corn futures rose about 2% on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said.. . .  Full story

Gold pressured by firmer dollar, higher U.S. yields

27/09 Gold prices steadied in choppy trading on Monday, with gains curbed by a stronger dollar and an uptick in U.S. Treasury yields, while investors awaited speeches from Federal Reserve policymakers for more clues on. . .  Full story

Fed's highest priority is to get people back to work: Kashkari

27/09 The Federal Reserve's "highest priority" is to make sure millions of Americans now out of a job can get back to work, Minneapolis Federal Reserve Bank President Neel Kashkari said in a speech taped. . .  Full story

Jordan to fully reopen main crossing with Syria this week

27/09 Jordan will fully reopen its main border crossing with Syria from Wednesday, government and industry officials said, as a high-level Syrian team arrived in Amman to discuss how to ease the flow of goods. . .  Full story

Canada's clean energy lobby groups call for changes to draft Clean Fuel Standard

27/09 One of Canada's flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office https://www.reuters.com/world/americas/clock-starts-ticking-canadas-trudeau-after-bid-majority-fails-2021-09-21, with. . .  Full story

Fed officials: Bond taper still hinges on continued job growth

27/09 U.S. Federal Reserve officials including one influential board member on Monday tied reduction in the Fed's monthly bond purchases to continued job growth, with a September employment report now a potential trigger for the central. . .  Full story

Green policies not to blame for energy price surge, IEA says

27/09 Clean energy policies are not to blame for recent spikes in gas and electricity prices, and the soaring prices should not derail Europe's green transition, International Energy Agency executive director Fatih Birol said on Monday.. . .  Full story

Bulgaria plans to help businesses with soaring power costs

27/09 Bulgaria's interim government is planning up to 650 million levs ($390 million) of financial aid to help businesses cope with soaring electricity prices, interim Prime Minister Stefan Yanev said on Monday.. . .  Full story

Most Telecom Italia staff to work from home until end of year - document

27/09 Telecom Italia (TIM) will keep some of its offices closed as nearly 60% of the employees at Italy's biggest phone company plan to continue working from home until Dec. 31, a union document showed.. . .  Full story

Left or right, German election leaves investors braced for more spending

27/09 The purse strings have been loosened and will stay that way, no matter who heads Germany's new government. That's the verdict from investors who see potential gains for segments such as green finance alongside. . .  Full story

South African rand ends stronger, receding Evergrande fears help

27/09 The South African rand ended stronger after a volatile day of trading on Monday, helped by receding fears of widespread market contagion from indebted Chinese developer Evergrande.. . .  Full story

Facebook invests $50 mln to build the 'metaverse' in responsible manner

27/09 Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse https://www.reuters.com/technology/facebook-sets-up-new-team-work-metaverse-2021-07-26 - a digital world where people can use different devices to move and communicate in a virtual environ. . .  Full story

Fed's Brainard: U.S. still "a bit short" of jobs mark for bond taper

27/09 U.S. employment is "still a bit short of the mark" for the Federal Reserve to begin reducing its monthly bond purchases, Fed Governor Lael Brainard said on Monday in remarks highlighting the risk that. . .  Full story

Fuel pumps run dry in British cities, sowing supply chain chaos

27/09 Gas station pumps ran dry in British cities on Monday and vendors rationed sales as a shortage of truckers strained supply chains to breaking point.. . .  Full story

UK's Octopus Energy Group agrees deal for $600 mln additional investment

27/09 UK power supplier Octopus Energy Group said on Monday it has agreed a deal with Generation Investment Management for $600 million in additional investment, taking the group's valuation to up to $4.6 billion.. . .  Full story

China power crunch undermines industrial metals

27/09 Prices of industrial metals came under pressure on Monday as worries about demand in top consumer China, where a power crunch and rationing is shutting factories, triggered selling.. . .  Full story

Telefonica to migrate systems onto cloud in deal with Oracle

27/09 Spain's Telefonica signed a multi-year deal with cloud-service provider Oracle to migrate most of its database systems to the cloud, the firms said on Monday, in preparation for the use of 5G and the Internet. . .  Full story

European shares end lower; German stocks rise on election relief

27/09 Europe's STOXX 600 index ended lower on Monday as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs as the federal election outcome reduced the chances of. . .  Full story

Energy stocks, banks lift FTSE 100; Rolls-Royce top performer

27/09 London's FTSE 100 ended higher on Monday, helped by gains in heavyweight energy and banking stocks, while Rolls-Royce topped the blue-chip index after it agreed to sell its Spanish unit ITP Aero for 1.7. . .  Full story

Fed's Evans sees 2.4% inflation in 2024, 'gentle incline' in rates

27/09 Chicago Federal Reserve Bank President Charles Evans on Monday said he expects inflation to rise to 2.4% by 2024 but interest rates to be only on a "gentle incline" upward, a view that contrasts. . .  Full story

Strong U.S. business spending on equipment seen underpinning GDP growth in Q3

27/09 New orders and shipments of key U.S.-made capital goods increased solidly in August amid strong demand for computers and electronic products, keeping business spending on equipment on track for another quarter of robust growth.. . .  Full story

Euro zone yields continue to climb after German election

27/09 Euro zone 10-year bond yields rose to their highest in almost three months on Monday as a brief decline after Germany's election gave way to concerns that major central banks could tighten monetary policy. . .  Full story

Funds exposed to China Evergrande stocks and bonds

27/09 Sharp falls in the stocks and bonds of China Evergrande Group have raised the spectre of losses for global asset managers with exposure to the embattled property developer.. . .  Full story