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

Latest From Reuters

Business|Economy|Finance

After battle with yuan bears, China is now keen to avoid sharp currency gains

Having spent all year trying to put a floor under the tumbling yuan, China's central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the

After battle with yuan bears, China is now keen to avoid sharp currency gains
Business|Economy|Finance|Stock Markets

Nvidia, let's see what you've got

The latest earnings from AI darling Nvidia and key inflation numbers in the euro area and Australia should keep markets busy in the coming week.

Nvidia, let's see what you've got
Economy|Finance

Singapore July core inflation 2.5% y/y, lowest in more than two years

Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday.

Singapore July core inflation 2.5% y/y, lowest in more than two years
Economy|Europe|Finance

ECB has room for gradual rate cuts, Kazaks says

The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged,

ECB has room for gradual rate cuts, Kazaks says
Business|Economy|Finance

Tokyo inflation seen unchanged in August, snapping 3-month acceleration: Reuters poll

Consumer price inflation is expected to stay unchanged in Japan's capital Tokyo in August, ending three months of acceleration, a Reuters poll showed, suggesting the central bank may

Tokyo inflation seen unchanged in August, snapping 3-month acceleration: Reuters poll
Business|Economy|Finance

BOJ's Ueda signals readiness to raise rates if growth, inflation on track

Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2%

BOJ's Ueda signals readiness to raise rates if growth, inflation on track
Business|Economy|Finance

UK consumer confidence matches almost 3-year high in August

British consumer confidence held at an almost three-year high in August, bolstered by improving sentiment around personal finances and major purchases, according to a survey on Friday that

UK consumer confidence matches almost 3-year high in August
Business|Economy

Maersk eyes contigency plans as Canada rail networks close, still takes bookings

Shipping company Maersk is evaluating contingency strategies in Canada, the company said on Thursday after the country's two main freight rail companies shut down their networks

Maersk eyes contigency plans as Canada rail networks close, still takes bookings
Business|Economy|Finance

US business activity edges lower; pricing power ebbs further

U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a

US business activity edges lower; pricing power ebbs further
Economy|Finance

Fed's Collins: will soon be appropriate to cut interest rates

It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the

Fed's Collins: will soon be appropriate to cut interest rates
Economy|Finance

Fed's Schmid signals open mind on September rate cut

Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the

Fed's Schmid signals open mind on September rate cut
Business|Economy|Europe|Finance

ECB policymakers shift focus to September meeting

European Central Bank policymakers saw no urgency in cutting interest rates last month but hinted at a fresh discussion in September as high rates take a toll on growth, the accounts of

ECB policymakers shift focus to September meeting
Business|Economy|Finance

BOJ mulls adding wage-related items to Tankan survey, Jiji reports

The Bank of Japan (BOJ) is considering adding wage-related items to its quarterly "tankan" business survey, Jiji news agency reported on Thursday.

BOJ mulls adding wage-related items to Tankan survey, Jiji reports
Economy|Europe|Finance

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes

Euro zone negotiated wage growth slowed last quarter, bolstering the case for another interest rate cut in September and assuaging policymakers' fears that runaway labour costs would

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes
Asia|Economy|Finance

Thai central bank should help retail borrowers, caretaker Finance Minister says

Thailand's central bank should assist retail borrowers after it held its benchmark interest rate steady this week, the caretaker finance minister said on Thursday.

Thai central bank should help retail borrowers, caretaker Finance Minister says
Business|Economy|Finance

FTSE 100 ends flat as lower metal prices offset retail gains

The UK's benchmark FTSE 100 ended little changed on Thursday, as lower metal prices weighed on sectoral heavyweights, while investors assessed softer U.S.

FTSE 100 ends flat as lower metal prices offset retail gains
Asia|Economy|Finance

Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC

Bangladesh's central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank's governor told the BBC in an interview published early

Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC
Business|Economy|Europe|Finance

It's beginning to look a lot like rate cuts

A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.

It's beginning to look a lot like rate cuts
Economy|Finance

Indonesia's Q2 current account deficit widens to 0.9% of GDP

Indonesia's current account deficit widened to 0.9% of gross domestic product (GDP), or $3 billion, in the second quarter from a revised deficit of 0.7% of GDP in the previous

Indonesia's Q2 current account deficit widens to 0.9% of GDP
Asia|Business|Economy|Europe|Finance|Stock Markets

Reactions to China's anti-subsidy probe on EU dairy imports

China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc's revised tariff plan for China-made electric vehicles.

Reactions to China's anti-subsidy probe on EU dairy imports
Asia|Business|Economy

Japan's Aug factory activity declines slow, PMI shows

Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a

Japan's Aug factory activity declines slow, PMI shows
Asia|Business|Economy|Finance

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says

Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
Asia|Business|Economy|Fashion and Beauty

Beauty retailer Sephora cuts China jobs as market slumps

LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world's No. 2

Beauty retailer Sephora cuts China jobs as market slumps
Business|Economy|Finance

Tether to launch stablecoin pegged to UAE's dirham

Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps

Tether to launch stablecoin pegged to UAE's dirham
Business|Economy|Finance

Macy's forecasts sales hit from steep promotions, uneven demand

Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in

Macy's forecasts sales hit from steep promotions, uneven demand

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