News

US Housing Starts Tick Higher in July, Led by Apartment Construction

(Reuters) -Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as ...

Russian Central Bank Official Says Further Rate Cut This Year Is Not a Foregone Conclusion

MOSCOW (Reuters) -Russia's central bank may be able to cut its key interest rate from 18% this year if inflation slows rapidly, but it does not rule out holding it at that level in order to achieve a ...

Dodgers' Ohtani Roughed up by Rockies, Leaves Game After Getting Hit on Right Thigh by Line Drive

Los Angeles Dodgers two-way star Shohei Ohtani had a forgettable outing in his first career pitching start against the ...

Menendez Brothers Face Parole Hearings After Decades in Prison for Parents' 1989 Murders

The Menendez brothers will make their cases for parole starting Thursday, marking the closest they've been to winning freedom from prison since their convictions almost 30 years ago for murdering ...

Students Face New Cellphone Restrictions in 17 States as School Year Begins

As students start school this year, 17 states and the District of Columbia are imposing new cellphone restrictions ...

Indonesia's Q2 Current Account Deficit Widens to 0.8% of GDP

JAKARTA (Reuters) -Indonesia ran a current account deficit of $3 billion in the second quarter, equal to 0.8% of its gross domestic product, after a deficit of 0.1% of GDP in the previous quarter, the ...

Dollar Drifts, Asian Stocks Mixed as Markets Brace for Jackson Hole

TOKYO (Reuters) -The U.S. dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the ...

Mexico's Inflation Seen Picking up in First Half of August: Reuters Poll

MEXICO CITY (Reuters) -Mexico's headline inflation likely rebounded in the first half of August underpinning prospects that ...

NZ's Fonterra Raises Annual Milk Price Forecast on Stable Dairy Prices

New Zealand's Fonterra Co-operative Group on Thursday increased its milk price forecast for the 2024/2025 season, banking on stable global dairy prices and solid sales book. The company increased the ...

Dollar Drifts as Investors Ponder Fed Independence Ahead of Powell Speech

SINGAPORE (Reuters) -The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair ...

Porsche-Backed Group14 Closes New Funding, Takes Control of JV's Battery Material Plant

The battery active material (BAM) factory in South Korea produces Group14's SCC55 at EV scale. The company now fully owns ...

Robotics Startup FieldAI Raises $314 Million in New Funding, Sources Say

FieldAI said it has raised $405 million over two funding rounds to scale its artificial intelligence platform but did not break out its latest financing. It added that backers include Khosla Ventures, ...