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Oct 27 (Reuters) – A spike in Treasury yields is forcing US banks to confront an uncomfortable question: sell bonds worth billions of dollars they own at a loss, or hold on to paper losses? Both carry costs. Selling involves taking an immediate financial hit, while waiting would pile on losses on the balance sheet that can weaken some measures of financial strength and limit payouts to shareholders. “Persistent higher […]

By Gertrude Chavez-Dreyfuss NEW YORK, Oct 27 (Reuters) – Wall Street considers it settled that the Federal Reserve will hold interest rates steady this week. Whether that spells good news for Treasuries is more complicated. After a bruising selloff that took yields up sharply for two months starting in August, the Treasury market has rallied, reflecting concern that financing troubles in a corner of the market for AI infrastructure could […]

By Raphael Satter WASHINGTON, Oct 27 (Reuters) – Experts at a digital defense firm recently found that an Israeli ad tech company was heavily targeting users of Starlink’s satellite internet service in a likely effort to spy on them, according to six people familiar with the matter.  Researchers at TrendAI, a unit of Tokyo-based cybersecurity company Trend Micro, concluded the Israeli company Discover-Tech was one of the biggest sources of digital […]

By Marco Aquino ZAÑA, Peru Oct 27 (Reuters) – As Pope Leo prepares to return to South America next week, many Peruvians remember him as the priest who helped feed hungry families, delivered aid after floods and walked alongside migrants in the country he would eventually call his own. When the pandemic emptied the streets of northern Peru and one of the world’s longest quarantines left many struggling to eat, […]

By Dawn Kopecki NEW YORK, Oct 27 (Reuters) – The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, as part of a years-long plan to build a bipartisan coalition of allies in Congress that can advance its interests long after US President Donald Trump leaves office.  The $2.75 trillion industry, and the billionaires who built it, are aggressively spending to elect friendly […]

By Aditya Soni Oct 27 (Reuters) – Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism. Investors are pressing for evidence that the AI boom can deliver swift returns to justify its enormous price tag. Rising bond yields at AI cloud providers such as CoreWeave and […]

BEIJING, Oct 27 (Reuters) – Jiangsu Hengrui Pharmaceuticals, China’s biggest drugmaker by ‌market value, reported on Tuesday a rise of 88.9% in profit for the third quarter of 2026, driven by income from out-licensing deals. • Net profit of 2.5 billion yuan ($375 million) for the quarter ended September 30 was up from 1.3 billion a year ago • The figure beat one analyst’s forecast of about 1.84 billion yuan in […]

Oct 27 (Reuters) – US stock index futures were little changed on Tuesday as crude oil hovered near its highest in six weeks, while investor attention turned to a slate of key corporate earnings and the Federal Reserve’s interest-rate decision this week. The Fed is widely expected to hold rates steady on Wednesday following an increase last month, though markets are pricing in at least two more hikes by mid-2027 […]

Oct 27 (Reuters) – Jordan killed more than 20 Islamic State militants in airstrikes on southern Syria on Monday evening following a deadly attack on a church in Jordan, Government Communication Minister Mohammed al-Momani said on Tuesday. Syria said the Jordanian strikes had killed seven people, including three children and a woman. Jordan regrets civilian casualties, Momani said in a post on X. Jordan said on Monday its air force […]