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FTSE 100 Tumbles On Interest-rate Concerns

FTSE 100 Tumbles On Interest-rate Concerns

U.K. stocks tumbled on Thursday as a continued sell-off in bond markets stoked concerns about the outlook for interest rates and economic growth.
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Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

Auto majors Honda Motor Co., Ltd. and General Motors Co., as well as Cruise LLC, self-driving car company majority owned by GM, announced that they have entered into a Memorandum of Understanding to form a joint venture to begin a driverless ridehail service in Japan in early 2026. Cruise Origin, jointly developed by GM, Cruise and Honda and purpose built for a driverless ridehail service, ...
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Bank Of Korea Maintains Status Quo

Bank Of Korea Maintains Status Quo

South Korea's central bank left its benchmark interest rate unchanged for the sixth straight session and maintained its restrictive policy stance as geopolitical tensions pose upside risks to inflation. The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to maintain the policy rate at 3.50 percent.
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Commodity Currencies Slide Amid Risk Aversion

Commodity Currencies Slide Amid Risk Aversion

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as Asian shares traded lower, amid rising bond yields to multi-year highs, concerns about the outlook for interest rates and escalating tensions in the Middle East.
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Pound Drops Against Majors

Pound Drops Against Majors

The British pound weakened against other major currencies in the Asian session on Thursday.
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European Shares Set To Extend Losses On Risk Aversion

European Shares Set To Extend Losses On Risk Aversion

European stocks look set to extend losses from the previous session on Thursday as rallying oil prices and a rout in the bond markets clouded the outlook for interest rates and economic growth. Heightened geopolitical risks may also keep investors wary.
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NZ Dollar Drops Against Most Majors

NZ Dollar Drops Against Most Majors

The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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European Economic News Preview: France Business Sentiment Data Due

European Economic News Preview: France Business Sentiment Data Due

Business confidence from France and current account from the euro area are the major economic news due on Thursday. At 2.00 am ET, Switzerland's customs office is scheduled to release foreign trade figures for September. The trade surplus is forecast to fall to CHF 3.77 billion from CHF 4.05 billion in August.
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