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Francine Makes Landfall in Louisiana as Powerful Category 2 Hurricane

(Bloomberg) -- Hurricane Francine packed power just as it slammed into the coast of Louisiana, reaching Category 2 strength with 100 miles per hour...

OpenAI Fundraising Set to Vault Startup’s Value to $150 Billion

(Bloomberg) -- OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to people familiar with the...

Vale Aims to Boost Iron Ore Output Despite Weakening Prices

(Bloomberg) -- Vale SA said it will produce more iron ore this year than previously expected, even with prices trading near two-year lows as...

Trump Trades Are Dialed Back Even More After the US Debate

(Bloomberg) -- Traders are further unwinding bets linked to Donald Trump winning the White House after he suffered what many pundits called a clear...

Nippon Steel Sends VP Mori to Washington to Rescue US Steel Bid

(Bloomberg) -- Nippon Steel Corp. has sent a senior executive to Washington to boost its case for the $14.1 billion takeover of United States...

Stocks Dip as Traders Digest US Debate, Yen Gains: Markets Wrap

(Bloomberg) -- Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as traders weighed the impact of the presidential...

Sino-Ocean Gets Nearly Two-Week Reprieve in Liquidation Case

(Bloomberg) -- Sino-Ocean Group Holding Ltd. got a short reprieve in its liquidation hearing in Hong Kong, as it works to secure more creditor...

China’s Unworkable Housing Rescue Math Is Prolonging Crisis

(Bloomberg) -- In May, China’s central government urged more than 200 cities to buy unsold homes to ease oversupply. More than three months later,...

Kepco Seeks Closer US Ties as Part of Nuclear Export Push

(Bloomberg) -- Korea Electric Power Corp. is looking to bolster ties with the US as it attempts to sell more atomic power stations overseas,...

UK Pay Growth at Two-Year Low Keeps BOE on Easing Path

(Bloomberg) -- UK pay growth cooled to a two-year low in the three months through July, another step down in wage pressures that keeps...

Asian Stocks Fluctuate as Traders Await US CPI: Markets Wrap

(Bloomberg) -- Asian stocks traded within tight ranges, as traders awaited US inflation data due this week for clues on the size of the...

Oil Steadies as Traders Track Risk-On Tone and Storm Francine

(Bloomberg) -- Oil held a one-day gain as a risk-on tone returned to wider financial markets, benefiting commodities including crude, while a storm menaced...

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