Today: September 26, 2024
Today: September 26, 2024

Latest From Reuters

Americas|Economy

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll

Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Business|Economy|Finance

Unwind of massive yen-funded carry has room to go, analysts say

An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on Tuesday.

Unwind of massive yen-funded carry has room to go, analysts say
Business|Economy|Finance

Utility Sempra misses second-quarter profit, revenue estimates

Sempra missed Wall Street estimates for second-quarter profit and revenue on Tuesday, as weakness in its California segment weighed on the electric and gas utility,

Utility Sempra misses second-quarter profit, revenue estimates
Economy|Finance

Brazil central bank will raise rates if needed, minutes show

Brazil's central bank won't hesitate to raise interest rates if necessary to bring inflation down to its target, minutes from its July 30-31 policy meeting

Brazil central bank will raise rates if needed, minutes show
Business|Economy

Taco Bell still 'crown jewel' for Yum even as boycotts, KFC weakness weigh

Yum Brands beat expectations for second-quarter profit as strength in the U.S.

Taco Bell still 'crown jewel' for Yum even as boycotts, KFC weakness weigh
Economy|Europe

Irish unemployment rises to two-and-a-half year high of 4.7%

Ireland's unemployment rate hit its highest rate in two-and-a-half years in July, rising to 4.7% from an upwardly revised 4.5% a month earlier, Central Statistics Office data showed

Irish unemployment rises to two-and-a-half year high of 4.7%
Business|Economy|Finance

Australia's RBA rules out rate cuts in near-term

The head of Australia's central bank on Tuesday ruled out rate cuts in the near term, saying policy had to remain restrictive to bring stubborn core inflation to heel.

Australia's RBA rules out rate cuts in near-term
Business|Economy|Finance

Australia central bank rules out near-term rate cut on inflation risks

Australia's central bank on Tuesday ruled out the possibility of an interest rate cut this year, saying core inflation is expected to come down only slowly, after it held interest

Australia central bank rules out near-term rate cut on inflation risks
Business|Economy|Finance

China stocks struggle to rebound after global markets slump

China stocks struggled to rise on Tuesday despite the rebound in regional markets as investors remained concerned about its lagging economic recovery.

China stocks struggle to rebound after global markets slump
Asia|Business|Economy|Finance

Japan seeks to calm market's nerves after stock price fluctuations

Japanese leaders rushed on Tuesday to assuage concerns about the sharp swings in the country's financial markets, with the prime minister

Japan seeks to calm market's nerves after stock price fluctuations
Americas|Business|Economy

LATAM Airlines to invest $2 billion in Brazil over 2 years

LATAM Airlines on Monday said that it would invest $2 billion in Brazil, Latin America's largest economy, within the next two years.

LATAM Airlines to invest $2 billion in Brazil over 2 years
Asia|Economy|Finance

Japan's June real wages rise for first time in nearly two years

Japan's inflation-adjusted real wages rose in June for the first time in more than two years as nominal pay gained at the fastest pace in nearly

Japan's June real wages rise for first time in nearly two years
Business|Economy|Finance

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO

Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday.

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO
Business|Economy|Finance

US banks report best loan demand in 2 years, Fed survey shows

U.S. banks reported unchanged demand for commercial and industrial loans in the second quarter, the first time in two years that demand did not weaken, a Federal Reserve survey of senior

US banks report best loan demand in 2 years, Fed survey shows
Africa|Business|Economy|Finance

Ethiopia imports cooking oil after currency float

Ethiopia has imported 14 million litres of cooking oil to ensure sufficient supplies of the basic commodity, its trade minister said, after the country's central bank floated

Ethiopia imports cooking oil after currency float
Business|Economy|Europe|Finance

Gas shocks play greater role in euro zone inflation, ECB paper says

Natural gas price shocks have an increasingly important impact on euro zone inflation although still not as much as oil price fluctuations, fresh research published by the

Gas shocks play greater role in euro zone inflation, ECB paper says
Economy|Europe|Finance

Swiss franc hits highest vs euro since 2015 amid volatile markets

The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the

Swiss franc hits highest vs euro since 2015 amid volatile markets
Business|Economy

Russian service sector activity returns to growth in July, PMI shows

Activity across Russia's services sector returned to growth in July, which firms attributed to stronger demand, creating more new orders and a faster rate of job creation, a business

Russian service sector activity returns to growth in July, PMI shows
Business|Economy|Finance

Saudi non-oil activity growth eases in July, PMI shows

Growth in Saudi Arabia's non-oil sector eased in July from the previous month, with new orders increasing at the slowest pace in two and a half years, a survey showed on Monday.

Saudi non-oil activity growth eases in July, PMI shows
Business|Economy|Finance|Stock Markets

Investors' comments on global stocks rout

Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest

Investors' comments on global stocks rout
Asia|Business|Economy|Finance

China's services activity expands further, but external demand slows, Caixin PMI shows

Growth in China's services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months, a private-sector survey

China's services activity expands further, but external demand slows, Caixin PMI shows
Asia|Business|Economy

Japan's July service activity rebounds after dip, PMI shows

Japan's service-sector activity returned to growth in July thanks to solid domestic demand, a survey showed on Monday, but slow overseas orders and unabated cost pressures continue

Japan's July service activity rebounds after dip, PMI shows
Business|Economy|Finance

Elon Musk says Fed foolish not to have cut interest rates

Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already.

Elon Musk says Fed foolish not to have cut interest rates
Business|Economy|Finance

Egypt's net foreign assets positive for second month in June

Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more than two years, central bank data showed.

Egypt's net foreign assets positive for second month in June
Americas|Economy

Colombia central bank raises 2024 inflation outlook to 5.7%

Colombia's central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday.

Colombia central bank raises 2024 inflation outlook to 5.7%

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