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

Latest From Reuters

Economy|Europe

Ukraine PM says Lukoil sanctions do not threaten Slovakia's energy security

Kyiv's sanctions prohibiting the transit of oil from Russian producer Lukoil do not pose a threat to Slovakia's energy security, Ukraine's prime minister said on Wednesday.

Ukraine PM says Lukoil sanctions do not threaten Slovakia's energy security
Economy|Finance

Fitch Ratings forecasts two US interest-rate cuts in 2024

Fitch Ratings said on Wednesday it expects the U.S. Federal Reserve to cut interest rates twice this year - in September and December.

Fitch Ratings forecasts two US interest-rate cuts in 2024
Business|Economy|Finance|Stock Markets

BorgWarner's second-quarter profit beats on auto parts demand

BorgWarner beat Wall Street expectations for second-quarter profit and raised its annual earnings forecast on Wednesday as the auto parts supplier benefited from sustained demand, sending

BorgWarner's second-quarter profit beats on auto parts demand
Australia|Economy

Australia's home prices rise in July but three capital cities record decline

Overall home prices in Australia rose for an 18th straight month in July, but three capital cities recorded a decline in a sign that the red-hot rally in the housing market is

Australia's home prices rise in July but three capital cities record decline
Economy|Finance

US pending home sales surge in June

Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sidelines.

US pending home sales surge in June
Business|Economy|Environment

JetBlue to buy sustainable jet fuel for use at New York airport

JetBlue Airways said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp, which would be distributed by energy firm World

JetBlue to buy sustainable jet fuel for use at New York airport
Economy

Brazil's jobless rate drops to 6.9% in quarter through June

Brazil's jobless rate remained at its lowest level in a decade in the three months through June, data from statistics agency IBGE showed on Wednesday, as the number of employed

Brazil's jobless rate drops to 6.9% in quarter through June
Business|Economy

Johnson Controls CEO to retire, names new director after talks with Elliott

Johnson Controls said on Wednesday that it has started a succession plan for CEO George Oliver, who is set retire, and added a board member following talks with activist

Johnson Controls CEO to retire, names new director after talks with Elliott
Business|Economy|Finance

Mastercard allays spending concerns with profit beat

Mastercard beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers' financial health after a

Mastercard allays spending concerns with profit beat
Business|Economy|Finance

Altria posts lower-than-expected quarterly results on muted cigarette demand

Altria missed expectations for quarterly revenue and profit on Wednesday, as the tobacco giant contends with persistent weakness in demand for its cigarette brands.

Altria posts lower-than-expected quarterly results on muted cigarette demand
Business|Economy|Finance

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports

Delta Air Lines will take a $500 million hit related to the CrowdStrike outage, the carrier's CEO Ed Bastian said in a CNBC interview on Wednesday.

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports
Economy|Finance

India's April-June fiscal deficit at 8.1% of 2024/25 target

India's fiscal deficit for the first quarter of the financial year that started in April was 1.36 trillion rupees ($16.25 billion), or 8.1% of the estimate for the whole year,

India's April-June fiscal deficit at 8.1% of 2024/25 target
Business|Economy

CNH Industrial lowers profit forecast on slow demand for farming products

Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines

CNH Industrial lowers profit forecast on slow demand for farming products
Asia|Business|Economy

Hong Kong court adjourns China developer Shimao's liquidation petition

Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time

Hong Kong court adjourns China developer Shimao's liquidation petition
Economy|Europe

Euro zone inflation edges up in 'difficult print' for ECB

Euro zone inflation unexpectedly edged up in July, data showed on Wednesday, although a widely watched gauge of price growth in the services sector eased.

Euro zone inflation edges up in 'difficult print' for ECB
Business|Economy|Finance

BOJ hikes with Fed ahead, Big Tech flubs

A look at the day ahead in U.S. and global markets from Mike Dolan By any standards of an already busy year, markets are digesting an awful lot of information in a very short space of time - with a

BOJ hikes with Fed ahead, Big Tech flubs
Business|Economy|Finance

Singapore Airlines warns of passenger yield pressure due to competition, costs

Singapore Airlines on Wednesday warned that a key revenue metric would remain under pressure this year as rising competition crimps average fares and higher fuel costs dent group profit.

Singapore Airlines warns of passenger yield pressure due to competition, costs
Asia|Business|Economy

Japan orders 'drastic reforms' after new Toyota certification violations

The Japanese government ordered Toyota Motor on Wednesday to make "drastic reforms" after discovering new violations in the automaker's vehicle certification procedures.

Japan orders 'drastic reforms' after new Toyota certification violations
Economy|Finance

BOJ Governor Ueda's comments at news conference

The Bank of Japan raised interest rates in a mostly unexpected move on Wednesday and unveiled a detailed plan to slow its massive bond buying, taking another step towards phasing out a

BOJ Governor Ueda's comments at news conference
Economy|Europe|Finance

BOJ hikes, Fed next

A look at the day ahead in European and global markets from Ankur Banerjee Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing

BOJ hikes, Fed next
Economy|Finance

Investors react to BOJ's interest rate hike

The Bank of Japan said on Wednesday it is raising its short-term interest rate to 0.25% and will gradually reduce the amount of bonds it is buying under its quantitative easing programme.

Investors react to BOJ's interest rate hike
Economy|Finance

BOJ raises interest rates, lays out bond taper plan

The Bank of Japan raised interest rates on Wednesday and projected inflation to stay around its 2% target in coming years, signaling its resolve to steadily unwind a decade of

BOJ raises interest rates, lays out bond taper plan
Asia|Business|Economy

Denso cuts full-year operating profit forecast by 3.1%

Japan's Denso, a leading supplier to Toyota, reduced its full-year operating profit forecast by 3.1% on Wednesday after reporting first-quarter profit that was largely in line with

Denso cuts full-year operating profit forecast by 3.1%
Asia|Business|Economy

Why Chinese stainless steel giant Jiangsu Delong faces bankruptcy reorganisation

A Chinese court is considering whether to proceed with bankruptcy reorganisation for Jiangsu Delong Nickel Industry, the country's third-largest stainless steel producer.

Why Chinese stainless steel giant Jiangsu Delong faces bankruptcy reorganisation
Asia|Economy

China to gradually implement consumption tax reform, minister says

China will gradually implement consumption tax reform through different items and standardise management of local governments' non-tax revenues, Vice Finance Minister Wang Dongwei

China to gradually implement consumption tax reform, minister says

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