By Rishav Chatterjee (Reuters) -Rio Tinto reported a rise in quarterly output across its and aluminium portfolios on Tuesday, sending its shares 3% higher, even as the miner cut its annual estimate for the Canadian iron ore business due to operational failures. The world’s biggest iron ore producer expects an…

By Ryan Woo BEIJING (Reuters) -Russian President Vladimir Putin arrived in Beijing on Tuesday to meet with Chinese President Xi Jinping on a widely watched trip aimed at showcasing the trust and “no-limits” partnership between the countries even as the war in Ukraine raged on. In only his second known…

LONDON (Reuters) – Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute’s global pensions report said on Tuesday, with the Netherlands in top spot in this year’s index. Additional uses for AI could include building customised portfolios and identifying market anomalies, although…

By Selena Li HONG KONG (Reuters) – Asian stocks made some cautious gains on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.58%. Tokyo’s rose…

By Byron Kaye SYDNEY (Reuters) – Top Australian companies that backed constitutional recognition of Indigenous people said they respected voters’ rejection of the change but would now take their own steps to try to improve opportunities for the country’s first inhabitants. At an Oct. 14 referendum, Australians overwhelmingly voted down…

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki on Tuesday declined to comment on remarks by an International Monetary Fund (IMF) official about currency intervention, and said there was no need to elaborate on what factors would determine exchange rates. The yen’s recent declines are driven by fundamentals…

By Stuart Condie SYDNEY–The Reserve Bank of Australia continues to warn that further interest-rate increases may be needed if it sees signs that inflation isn’t under control. Minutes of the Oct. 3 board meeting published Tuesday showed that RBA board members mulled raising the cash rate by 25 basis points…

Rep. Jim Jordan made progress Monday in his push to become the next speaker of the House of Representatives, winning endorsements from some fellow Republicans who just last week had refused to back him. The narrowly divided chamber of Congress is expected to vote around noon Eastern Tuesday to select…

By Andrea Shalal, Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Thursday hailed progress on a long-awaited memorandum on Zambia’s debt restructuring, and said consensus was growing on thorny issues such as the comparability of treatment of private and public creditors. IMF Managing Director…

Thursday, October 12, 2023 – U.S. mortgage rates have climbed for the fifth successive week amid market and geopolitical uncertainty, reaching an average of 7.57% for a fixed 30-year mortgage, the highest level since late 2000, according to Sam Khater, Freddie Mac ‘s chief economist. This marks a 0.08 percentage…