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

Latest From Reuters

Business|Economy|Finance

Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale

Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down

Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale
Business|Economy|Finance

National Bank of Canada's profit rises on wealth management, markets strength

National Bank of Canada reported a higher third-quarter profit on Wednesday, helped by strong performance in its wealth management and financial markets units.

National Bank of Canada's profit rises on wealth management, markets strength
Asia|Economy|Election

Macau judge announces bid to lead world's biggest casino hub

Top Macau judge Sam Hou Fai announced on Wednesday his intention to run in October elections for the territory's chief executive, as the world's biggest gambling hub tries to

Macau judge announces bid to lead world's biggest casino hub
Americas|Economy|Finance

Brazil finance chief says he suggested new cenbank head be picked by September

Brazil's Finance Minister Fernando Haddad said on Tuesday that he suggested to the country's president that the nomination of the next central bank head should be revealed between

Brazil finance chief says he suggested new cenbank head be picked by September
Business|Economy|Finance

Nordstrom Q2 results get boost from sales event, turnaround efforts

Nordstrom posted a second-quarter profit that topped estimates on Tuesday, with sales propped up by its crucial Anniversary Sale event, sending its shares up nearly 7%

Nordstrom Q2 results get boost from sales event, turnaround efforts
Business|Economy|Finance|Stock Markets

CFTC fines TotalEnergies Trading $48 million for attempted market manipulation

The U.S. commodity markets regulator on Tuesday ordered the Swiss energy trader TOTSA TotalEnergies Trading SA to pay a $48 million fine, alleging that the company had attempted to

CFTC fines TotalEnergies Trading $48 million for attempted market manipulation
Economy|Finance

Chicago and NY Fed directors favored discount rate cut in July

By Michael S.

Chicago and NY Fed directors favored discount rate cut in July
Business|Economy

Canada July wholesale trade most likely down 1.1% - Statscan flash estimate

Canadian wholesale trade most likely fell 1.1% in July from June, largely driven by lower sales in the motor vehicle and motor vehicle parts and accessories, and the personal and

Canada July wholesale trade most likely down 1.1% - Statscan flash estimate
Economy|Europe|Finance

ECB can gradually cut rates but jury still out on September, Knot says

The European Central Bank can gradually lower interest rates if inflation continues to fall but more data is needed before a September cut can be decided, Dutch policymaker Klaas

ECB can gradually cut rates but jury still out on September, Knot says
Economy

Excessive government spending hampering ECB's work, Knot says

Excessive government spending has made it harder for the European Central Bank to lower inflation and tighter government discipline is needed to make the new budget rules work,

Excessive government spending hampering ECB's work, Knot says
Business|Economy|Finance

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

Canada's Bank of Nova Scotia reported a fall in third-quarter profit on Tuesday, as the lender set aside more in rainy-day funds, compared with a year earlier, to cover for potential

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions
Asia|Business|Economy|Finance

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says

Japan's Seven & i Holdings must act fast to negotiate a takeover bid from Canada's Alimentation Couche-Tard that has "historic implications", said a fund manager at shareholder

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says
Asia|Business|Economy|Finance

BOJ to begin initial research to include wage trends to 'tankan'

The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly "tankan" business survey to more accurately reflect wage

BOJ to begin initial research to include wage trends to 'tankan'
Economy|Europe

Job concerns weigh on German consumer sentiment in September, finds GfK

German consumer sentiment is set to tumble going into September as slightly rising unemployment, job cuts and insolvency's drive down income expectations, pushing back hopes of a

Job concerns weigh on German consumer sentiment in September, finds GfK
Economy

German economy shrank by 0.1% in Q2, statistics office confirms

The German economy shrank by 0.1% in the second quarter of 2024 compared with the previous three-month period, the statistics office reported on Tuesday, confirming preliminary data.

German economy shrank by 0.1% in Q2, statistics office confirms
Business|Economy|Finance

Rate-cut relief doused by geopolitics

A look at the day ahead in European and global markets from Ankur Banerjee Optimism over looming U.S. interest rate cuts have been tempered by nervousness over what economic data will show in the

Rate-cut relief doused by geopolitics
Business|Economy|Finance

UK shop prices dip for first time in nearly 3 years, survey shows

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday.

UK shop prices dip for first time in nearly 3 years, survey shows
Africa|Economy|Finance

IMF reaches staff-level deal for Liberia on $209 million new credit facility

The International Monetary Fund reached a staff-level agreement for Liberia on a new 40-month extended credit facility arrangement for $209 million, the IMF said in a statement

IMF reaches staff-level deal for Liberia on $209 million new credit facility
Business|Economy|Europe

Pay gap between bosses and ordinary workers widens in Switzerland

The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according

Pay gap between bosses and ordinary workers widens in Switzerland
Business|Economy

German business sentiment falls in August, delaying recovery hopes

German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe's largest

German business sentiment falls in August, delaying recovery hopes
Business|Economy|Europe|Finance

Chip stocks slip, keeping European shares muted ahead of data-heavy week

European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked

Chip stocks slip, keeping European shares muted ahead of data-heavy week
Economy|Europe|Finance|Stock Markets

Markets reassured by the Powell put

A look at the day ahead in European and global markets from Wayne Cole. Asia has seen an extension of the Powell rally so far on Monday with yields and the dollar down, and most stocks edging higher.

Markets reassured by the Powell put
Business|Economy|Finance

China central bank rolls over maturing loans, injects cash

China's central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as

China central bank rolls over maturing loans, injects cash
Australia|Business|Economy|Environment

Australian homeowners struggling to afford insurance as climate risks grow, report says

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars

Australian homeowners struggling to afford insurance as climate risks grow, report says
Asia|Business|Economy|Finance

Bank of China President Liu Jin resigns

Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.

Bank of China President Liu Jin resigns

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