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

Latest From Reuters

Business|Economy|Finance|Stock Markets

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken

The UK's main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hopes

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
Asia|Business|Economy|Finance

Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian

Russia payment hurdles with China partners intensified in August, sources say
Asia|Economy

Core inflation in Japan's capital perks up, backs case for BOJ hikes

Core inflation in Japan's capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above the

Core inflation in Japan's capital perks up, backs case for BOJ hikes
Business|Economy|Finance

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

The Chinese central bank's policy arsenal
Business|Economy|Finance

Texas narrows gas plant projects vying for $5.4 billion in funding

The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-

Texas narrows gas plant projects vying for $5.4 billion in funding
Business|Economy|Finance

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant

U.S. liquefied natural gas (LNG) company Venture Global LNG sought authorization on Thursday from U.S. energy regulators by Aug. 30 to unload the first LNG commissioning cargo at the

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant
Asia|Economy|Finance

China's central bank buys government bonds, stirs intervention talk

China's central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is

China's central bank buys government bonds, stirs intervention talk
Economy|Finance

US fiscal profile unlikely to change much after elections, says Fitch

Ratings agency Fitch said on Thursday the U.S. fiscal profile is likely to remain largely unchanged regardless of who wins the upcoming presidential election, as it affirmed the United

US fiscal profile unlikely to change much after elections, says Fitch
Africa|Economy

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says

Egypt could begin transitioning from subsidising essential commodities to providing direct cash assistance to its poorest citizens as early as the next fiscal year (July to June),

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says
Business|Economy|Finance

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Business|Economy|Finance

US auto sales set to rise in August on Labor Day weekend surge, report shows

New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according to a

US auto sales set to rise in August on Labor Day weekend surge, report shows
Business|Economy|Finance

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore

A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit,

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore
Business|Economy|Finance

Dollar General's shares plunge as rising competition fuels forecast cuts

Dollar General's shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit

Dollar General's shares plunge as rising competition fuels forecast cuts
Economy

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024

Turkey's economic growth is expected to have fallen to 3.2% in the second quarter of this year as tighter economic policies weighed, a Reuters poll showed on Thursday, with the

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024
Business|Economy|Europe

Low water hampers Rhine river shipping in Germany

Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany, with surcharges added to the usual freight rates,

Low water hampers Rhine river shipping in Germany
Asia|Business|Economy

Malaysia government not planning to reintroduce GST, report says

The Malaysian government has no plans to reintroduce a goods and services tax (GST) as an alternative to removing subsidies for RON95 petrol, state news agency Bernama

Malaysia government not planning to reintroduce GST, report says
Business|Economy|Finance

Chinese regional banks investment revenues surge even as lending falters

Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flailing

Chinese regional banks investment revenues surge even as lending falters
Business|Economy|Finance

New Zealand business confidence soars in August, ANZ survey shows

New Zealand's business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly, an ANZ Bank survey showed on Thursday.

New Zealand business confidence soars in August, ANZ survey shows
Business|Economy

UK car output drops for fifth straight month in July, data shows

Britain's car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed on

UK car output drops for fifth straight month in July, data shows
Americas|Business|Economy

Brazil creates fewer-than-expected formal jobs in July

Brazil's economy created a net 188,021 formal jobs in July, labor ministry data released on Wednesday showed, slightly below the expectation of 190,000 jobs from economists polled

Brazil creates fewer-than-expected formal jobs in July
Economy|Finance

Swiss banker says super-rich tax proposal is 'nuclear bomb' for Switzerland

A tax on the super-rich pitched by the youth wing of one of Switzerland's main political parties is "extremely dangerous" for the country, a top Swiss banker said on Wednesday,

Swiss banker says super-rich tax proposal is 'nuclear bomb' for Switzerland
Economy|Europe|Finance

Portugal proposes austerity-era finance minister for EU Commissioner

Portugal's centre-right government proposed on Wednesday former finance minister Maria Luis Albuquerque, who led the country's austerity efforts a decade ago following an

Portugal proposes austerity-era finance minister for EU Commissioner
Business|Economy

What's behind Libya's oil shutdown

Libya's latest oil shutdown has pushed up global energy prices. This explains the situation.  HOW DID WE GET HERE?

What's behind Libya's oil shutdown
Economy|Finance

Brazil's central bank chief wants flexibility for next rate decision

Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back

Brazil's central bank chief wants flexibility for next rate decision
Business|Economy|Finance

Kohl's banks on cost controls, leaner inventories to lift profit target

Kohl's topped quarterly profit estimates and raised its annual forecast on Wednesday, as the department store operator leans on lower costs and slimmer inventories

Kohl's banks on cost controls, leaner inventories to lift profit target

Follow