Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Business|Economy|Europe|Finance

German negotiated wage growth slows in likely relief for ECB

Growth in negotiated wages across Germany slowed in the second quarter, providing some relief to European Central Bank policymakers and possibly bolstering the case for another

German negotiated wage growth slows in likely relief for ECB
Business|Economy|Europe|Finance

Energy shares lead Europe's STOXX 600 to snap 5-day gains

Europe's main stock index snapped a five-day winning streak on Tuesday, dragged down by heavyweight energy stocks, with investors sizing up domestic

Energy shares lead Europe's STOXX 600 to snap 5-day gains
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Asia|Economy|Finance

China leaves key lending benchmarks unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.

China leaves key lending benchmarks unchanged, as expected
Economy|Europe|Finance

ECB may need to cut rates again in Sept, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

ECB may need to cut rates again in Sept, Rehn says
Americas|Economy|Finance

Mexico inflation likely eased in first half of August: Reuters poll

Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest

Mexico inflation likely eased in first half of August: Reuters poll
Economy

Chile's GDP down in Q2, economists see room for rate cuts

Chile's gross domestic product fell 0.6% in the second quarter of 2024 compared with the previous three-month period, data released by the country's central bank showed on Monday,

Chile's GDP down in Q2, economists see room for rate cuts
Business|Economy|Finance

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i

Canada's Alimentation Couche-Tard confirmed on Monday it has made an offer to buy Japan's Seven & i.

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i
Economy|Finance

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports

Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
Business|Economy|Finance|Stock Markets

Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed's Jackson Hole

Greenback in the red as Jackson Hole looms
Asia|Economy|Finance

Yuan up as dollar wobbles ahead of Jackson Hole

The yuan headed for its sharpest gain in two weeks on Monday, riding a wave of broad dollar selling as investors bet on U.S. rate cuts, but slid against a resurgent yen.

Yuan up as dollar wobbles ahead of Jackson Hole
Business|Economy|Finance

Key facts about Canada's biggest rail operators as work stoppage begins

Canada is seeing an unprecedented simultaneous stoppage at its two main freight rail operators that could inflict billions of dollars worth of economic damage.

Key facts about Canada's biggest rail operators as work stoppage begins
Business|Economy|Finance

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports

San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports
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

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