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

Latest From Reuters

Economy|Finance|Stock Markets

US equity funds see biggest weekly outflow in two months

U.S. investors cut their equity fund holdings and boosted safer positions in the seven days to Aug. 14 amid persistent concerns over an economic slowdown and recent market volatility.

US equity funds see biggest weekly outflow in two months
Business|Economy|Finance

Brazil's economy shows strength in Q2 as June activity overshoots forecasts

The Brazilian economy closed the second quarter showing resilience after much stronger-than-expected activity data in June, central bank figures showed on Friday, reinforcing

Brazil's economy shows strength in Q2 as June activity overshoots forecasts
Asia|Business|Economy

China will focus on boosting consumption to improve economy, premier says

China's Premier Li Qiang told a cabinet plenary session on Friday that great efforts must be made to boost the economy and the country will focus on stimulating consumption, state

China will focus on boosting consumption to improve economy, premier says
Asia|Business|Economy

What is antimony and why is China curbing its exports?

China will impose export controls on some antimony products from Sept. 15, it said on Thursday, citing national security, adding to measures imposed by Beijing since last year to curb

What is antimony and why is China curbing its exports?
Business|Economy|Finance

Cash sweep scrutiny threatens wealth managers' credit ratings, Moody's says

The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's Ratings warned on Thursday, underscoring the

Cash sweep scrutiny threatens wealth managers' credit ratings, Moody's says
Business|Economy|Finance

Evergrande onshore unit's administrator seeks details from creditors ahead of meeting

The administrator of a major Evergrande onshore unit has asked creditors to provide details about the debt the embattled property developer owes to them ahead of the first

Evergrande onshore unit's administrator seeks details from creditors ahead of meeting
Business|Economy|Finance

Singapore's July exports rise 15.7% y/y, stronger than forecast

Singapore's non-oil domestic exports rose 15.7% in July from a year earlier, data on Friday showed, with both electronics and non-electronics exports growing.

Singapore's July exports rise 15.7% y/y, stronger than forecast
Business|Economy

Thyssenkrupp shuts down steel unit's funding request

Thyssenkrupp said on Saturday its steel division must be restructured to fund investment needs with its own earnings, but that the parent company had provided financial security

Thyssenkrupp shuts down steel unit's funding request
Business|Economy|Finance

China central bank says it will increase treasury bond trading

China's central bank will seek to "enrich" its monetary policy toolbox and will gradually increase buying and selling of treasury bonds in its open market operations, its second-

China central bank says it will increase treasury bond trading
Economy|Finance|Stock Markets

US investors snap up money market funds on fears of a slowdown

U.S. investors shifted heavily into money market funds in the week ending Aug. 7, retreating from riskier assets during a stock market sell-off fueled by fears over an economic slowdown.

US investors snap up money market funds on fears of a slowdown
Business|Economy|Finance

China Evergrande's liquidators ask investors to join restructuring process

China Evergrande's liquidators have invited investors interested in restructuring the heavily indebted property developer or any of its parts, it said in a filing on Friday.

China Evergrande's liquidators ask investors to join restructuring process
Economy|Finance

Fed's Schmid says he's more confident inflation heading to 2% goal

Kansas City Federal Reserve Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday that recent "encouraging" data gives him more confidence

Fed's Schmid says he's more confident inflation heading to 2% goal
Americas|Economy

Mexico headline inflation hits highest level in more than a year

Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data

Mexico headline inflation hits highest level in more than a year
Business|Economy|Europe|Finance

Allianz CEO warns that high public debt is "really scary"

Germany's Allianz, one of Europe's biggest financial firms and investors, warned on Thursday about high public debt levels and the risk of sovereign bonds.

Allianz CEO warns that high public debt is "really scary"
Business|Economy

Euronav flags US politics, China economy as risks to shipping momentum

Euronav expects a rise global sea trade this year driven by the rerouting of Red Sea shipping though a change in the U.S. presidency and a slowdown in China's economy are risk factors, the

Euronav flags US politics, China economy as risks to shipping momentum
Business|Economy|Finance

Japan closely watching stock moves but is not in a phase of action, finance minister says

Japanese authorities are closely watching stock market developments but are not in a phase of taking specific actions, Finance Minister Shunichi Suzuki said on Thursday, as volatility

Japan closely watching stock moves but is not in a phase of action, finance minister says
Business|Economy|Finance

Occidental Petroleum beats second-quarter profit estimates on higher production

Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit by 34%, in the first results since it closed the $12 billion

Occidental Petroleum beats second-quarter profit estimates on higher production
Economy

Canada's Ivey PMI shows activity expanding at a slower pace in July

Canadian economic activity expanded at a slower pace in July as a measure of inflation fell to a four-month low, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

Canada's Ivey PMI shows activity expanding at a slower pace in July
Business|Economy|Finance|Stock Markets

Japan's top currency diplomat says monitoring markets with sense of urgency

The Japanese government is closely monitoring stock and currency markets and cooperating with the central bank and other countries, Japan's top currency diplomat Atsushi Mimura said

Japan's top currency diplomat says monitoring markets with sense of urgency
Business|Economy|Finance

ABN Amro raises full-year net interest income outlook on higher rates

ABN Amro's shares rose 5% on Wednesday as the Dutch bank raised its forecast for full-year net interest income to 6.4 billion euros ($6.98 billion)

ABN Amro raises full-year net interest income outlook on higher rates
Business|Economy|Finance

China Evergrande's liquidators initiate legal action against PwC, FT reports

Liquidators of troubled property giant China Evergrande Group have started legal action against PricewaterhouseCoopers, accusing it of "negligence" and "misrepresentation" in its work for

China Evergrande's liquidators initiate legal action against PwC, FT reports
Economy|Finance

Panama govt opens door for financing for up to $9 billion

Panama's government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama's council of ministers said in a statement.

Panama govt opens door for financing for up to $9 billion
Economy|Finance

IMF reports progress in El Salvador talks, flags Bitcoin risks

The International Monetary Fund (IMF) on Tuesday said progress had been made in negotiations with El Salvador toward a fund-supported program with the Central American nation, though issues

IMF reports progress in El Salvador talks, flags Bitcoin risks
Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
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

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