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

Latest From Reuters

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
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'

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