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

Latest From Reuters

Asia|Business|Economy|Finance

China securities official expected to lead Shenzhen stock exchange, say sources

China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven

China securities official expected to lead Shenzhen stock exchange, say sources
Economy|Europe

Euro zone factory activity stuck in a rut, July PMI shows

Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which

Euro zone factory activity stuck in a rut, July PMI shows
Business|Economy

Italian manufacturing eases downturn in July, PMI shows

Italian manufacturing activity contracted for a fourth month running in July but at a slower pace than the month before, a survey showed on Thursday, with both output and new orders

Italian manufacturing eases downturn in July, PMI shows
Business|Economy|Europe

European shares slide more than 1% as bank stocks crumble

Europe's STOXX 600 closed more than 1% lower on Thursday, with banks leading the sell-off after Societe Generale cut a key target for its French

European shares slide more than 1% as bank stocks crumble
Asia|Economy

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register

The Thai government's vaunted policy of giving away 10,000 baht ($282) to most of its population had an early setback on Thursday when millions rushed to sign up on the opening day

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register
Economy|Europe

Spanish manufacturing expansion slows down in July, PMI shows

Spanish manufacturing activity grew for a fifth consecutive month in July though at a slower pace than the previous month as demand was weaker, a survey showed on Thursday.

Spanish manufacturing expansion slows down in July, PMI shows
Business|Economy

UK house prices rise by most since Dec 2022, Nationwide data shows

British house prices were 2.1% higher than a year earlier in July, the biggest annual increase since December 2022, although they are still below peaks reached

UK house prices rise by most since Dec 2022, Nationwide data shows
Asia|Economy|Finance

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Economy|Europe|Finance

Markets bet on beneficent BoE

A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17

Markets bet on beneficent BoE
Asia|Economy

Japan's July factory activity slips on weak demand, PMI shows

Japan's factory activity shrank modestly in July on tepid domestic and overseas demand and increased inflationary pressures, a private-sector survey showed on Thursday.

Japan's July factory activity slips on weak demand, PMI shows
Asia|Business|Economy

South Korea July export growth fastest in 6 months on solid chip demand

South Korea's exports rose at the fastest pace in six months in July on strong chip sales but missed market expectations, trade data showed on Thursday, amid worries

South Korea July export growth fastest in 6 months on solid chip demand
Economy

Irish manufacturing ekes out growth for just second time this year, PMI shows

Ireland's manufacturing sector eked out growth for just the second time in eight months in July, bouncing back after contracting at the fastest pace in a year a month earlier, a

Irish manufacturing ekes out growth for just second time this year, PMI shows
Business|Economy|Finance

Keppel profit inches higher, with transformation into global manager 'bearing fruit'

Singapore's Keppel on Thursday posted a rise in first-half underlying profit on upbeat performances at its infrastructure and connectivity segments, with the company moving ahead in its

Keppel profit inches higher, with transformation into global manager 'bearing fruit'
Business|Economy|Finance

Singapore's UOB looking at North Asia opportunities as wealth earnings jump

Singapore's United Overseas Bank (UOB) reported a 40% surge in wealth management income during the second quarter and said it was looking at opportunities in

Singapore's UOB looking at North Asia opportunities as wealth earnings jump
Americas|Business|Economy

Chevron says Guyana arbitration hearing to begin in May

U.S. oil major Chevron said on Wednesday that hearing for an arbitration regarding Hess' Guyana assets have been scheduled for May 2025.

Chevron says Guyana arbitration hearing to begin in May
Business|Economy|Finance

Etsy beats quarterly revenue estimates on steady demand for personalized gifts

Etsy beat Wall Street expectations for second-quarter revenue and gross merchandise sales on Wednesday, helped by steady demand for personalized gifts at its online marketplace.

Etsy beats quarterly revenue estimates on steady demand for personalized gifts
Business|Economy|Finance

Casino Operator MGM beats second-quarter estimates on recovery in Macau business

MGM Resorts International beat Wall Street's second-quarter estimates on Wednesday, thanks to a strong recovery in Macau following the easing of pandemic-related restrictions last year.

Casino Operator MGM beats second-quarter estimates on recovery in Macau business
Business|Economy|Finance

Corteva trims 2024 forecasts on pricing pressure in crop protection

Corteva cut its annual sales and operating earnings forecasts on Wednesday as the U.S. agrichemicals maker faces declining prices at its crop protection unit, sending its shares down 5.7%

Corteva trims 2024 forecasts on pricing pressure in crop protection
Business|Economy|Finance

Carvana forecasts 2024 core profit above Wall Street expectations

Carvana forecast annual core profit above analysts' expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car

Carvana forecasts 2024 core profit above Wall Street expectations
Business|Economy|Finance

EBay beats quarterly results estimates on steady demand for refurbished goods

EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories.

EBay beats quarterly results estimates on steady demand for refurbished goods
Economy

Kenya's inflation falls to 4.3% yr/yr in July

Kenya's inflation fell to 4.3% year-on-year in July from 4.6% a month earlier, the statistics office said on Wednesday. On a monthly basis, inflation was -0.2% from 0.4% in June.

Kenya's inflation falls to 4.3% yr/yr in July
Economy|Finance

Fed's Powell: Recent price data bolstering confidence inflation moderating

Federal Reserve Chair Jerome Powell said recent inflation data is increasing the central bank's confidence that inflation pressures are moving back to the 2% target.

Fed's Powell: Recent price data bolstering confidence inflation moderating
Economy|Finance

Instant view: FOMC does not change rates, but sets stage for September cut

The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line

Instant view: FOMC does not change rates, but sets stage for September cut
Economy|Finance

Traders boost bets Fed goes big on Sept rate cut

Traders on Wednesday added to bets the Federal Reserve will start easing in September and go big when it does, even after Fed Chair Jerome Powell said policymakers are not thinking about a

Traders boost bets Fed goes big on Sept rate cut
Business|Economy

Illicit nicotine pouches on the rise in US, Altria CEO says

Marlboro maker Altria said on Wednesday it had sent data to the U.S.

Illicit nicotine pouches on the rise in US, Altria CEO says

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