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Italy industry output posts solid gain in March as Iran war impact awaited

Italy industry output posts solid gain in March as Iran war impact awaited

ROME, May 12 (Reuters) - Italian industrial output rose by 0.7% in March compared to the previous month, data showed on Tuesday, offering some hope to the country's long-struggling manufacturing sector, although output in the first quarter still contracted slightly from the previous three months.

Jack Daniel's maker rejects $15 billion buyout offer from rival Sazerac, source says

Jack Daniel's maker rejects $15 billion buyout offer from rival Sazerac, source says

By Abigail Summerville May 12 (Reuters) - Brown-Forman has rejected a $32-per-share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel's maker and France's Pernod Ricard fell apart.

Peltz's Trian in talks to raise funds for bid to take Wendy's private, FT reports

Peltz's Trian in talks to raise funds for bid to take Wendy's private, FT reports

May 12 (Reuters) - Activist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take fast-food chain Wendy’s private, the Financial Times reported on Tuesday, citing people familiar with the matter. Reuters could not immediately confirm the report.

US posts smaller $215 billion budget surplus in April as tax refunds grow

US posts smaller $215 billion budget surplus in April as tax refunds grow

WASHINGTON, May 12 (Reuters) - The U.S. government posted a $215 billion budget surplus in April, down $43 billion, or 17%, from a $258 billion surplus in the year-earlier period, due in part to bigger tax refunds this year and rising outlays, including higher interest costs and military spending on

HSBC raises 2026 Brent price forecast to $95 per barrel

HSBC raises 2026 Brent price forecast to $95 per barrel

May 12 (Reuters) - HSBC raised its 2026 average Brent price forecast to $95 a barrel last week, citing a longer effective closure of the Strait of Hormuz.

Malaysia economic growth likely slowed to 5.3% in January-March

Malaysia economic growth likely slowed to 5.3% in January-March

By Renusri K BENGALURU, May 12 - Malaysia's economic growth likely eased in the first quarter, after expanding the most in more than three years in the previous quarter, according to a Reuters poll of economists, largely due to a normalisation in growth.

SpaceX eyes global spaceports as Starship launch ambitions grow ahead of IPO

SpaceX eyes global spaceports as Starship launch ambitions grow ahead of IPO

May 12 (Reuters) - SpaceX is scouting potential U.S. and overseas locations to build "spaceports", CEO Elon Musk said in a post on X on Tuesday, as the company prepares for a future in which its massive Starship rocket could launch thousands of times a year.

Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflation

Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflation

May 11 (Reuters) - Goldman Sachs has pushed back its forecast of U.S. Federal Reserve rate cuts to December 2026 and March 2027 from its previous outlook of cuts in September and December this year, saying high energy prices would likely keep inflation elevated.

Departing Bank of Korea board member says policy should focus on inflation control

Departing Bank of Korea board member says policy should focus on inflation control

SEOUL, May 11 (Reuters) - South Korea's central bank needs to prioritise controlling inflation as it could exceed the target rate after the war in Iran drove up energy prices, an outgoing member of the policy-setting board said on Monday.

Oil prices rise as fragile US-Iran talks sustain supply worries

Oil prices rise as fragile US-Iran talks sustain supply worries

By Anmol Choubey May 12 (Reuters) - Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between the United States and Iran appeared fragile, with Tehran’s response to a U.S. proposal highlighting stark differences that kept supply concerns alive.

Apollo in talks to sell $3 billion private credit fund, WSJ reports

Apollo in talks to sell $3 billion private credit fund, WSJ reports

May 10 (Reuters) - Apollo Global Management has held talks to sell MidCap Financial Investment, its publicly listed business development company focused on private credit, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Frontier jet hits and kills pedestrian on runway in Denver during takeoff, airport says

Frontier jet hits and kills pedestrian on runway in Denver during takeoff, airport says

May 9 (Reuters) - A Frontier Airlines passenger jet struck and killed a pedestrian on a runway at Denver International Airport during a planned takeoff for Los Angeles late on Friday, the airport said in a statement.