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

Latest From Reuters

Asia|Economy

Japan June factory output falls 3.6% m/m

Japan's factory output fell 3.6% in June from the previous month, versus a median market forecast for a 4.8% drop, government data showed on Wednesday.

Japan June factory output falls 3.6% m/m
Business|Economy

Rio Tinto open to big copper buys but cautious of overheated market

Rio Tinto may consider a large acquisition but it would have to provide value that is hard to find amid a copper market that is running hot

Rio Tinto open to big copper buys but cautious of overheated market
Business|Economy|Finance

Caesars Entertainment posts second-quarter loss after $940 million charge

Caesars Entertainment on Tuesday posted a second-quarter loss compared with a year-ago profit, after the casino operator took a $940 million charge related to its REIT leases.

Caesars Entertainment posts second-quarter loss after $940 million charge
Business|Economy

Stellantis says no intention of selling Maserati, after CEO issues warning

Stellantis has no intention of selling its luxury vehicle business Maserati or aggregating the unit with other Italian luxury groups, the Jeep maker said on Tuesday.

Stellantis says no intention of selling Maserati, after CEO issues warning
Business|Economy|Finance

Mondelez International misses quarterly revenue estimates due to weaker demand

Cadbury parent Mondelez International missed expectations for second-quarter revenue on Tuesday, as budget-conscious customers opted for lower-priced alternatives

Mondelez International misses quarterly revenue estimates due to weaker demand
Economy|Europe|Finance

Malta central bank head suspends himself amid hospitals scandal

Malta Central Bank Governor Edward Scicluna has suspended himself from his duties pending the conclusion of a court case over a 2015 hospitals privatisation deal, when he was

Malta central bank head suspends himself amid hospitals scandal
Africa|Economy|Finance

World Bank approves $1.5 billion in financing for Ethiopia

The World Bank's board has approved $1.5 billion in financing for its first ever budget support lending to Ethiopia, the lender said late on Tuesday as the east African nation tries to push

World Bank approves $1.5 billion in financing for Ethiopia
Economy|Finance

UK finance minister: We will need to raise taxes in October budget

New British finance minister Rachel Reeves said on Tuesday she would need to raise taxes in her Oct. 30 budget, confirming expectations of such a move after she earlier this week

UK finance minister: We will need to raise taxes in October budget
Business|Economy|Finance

Ameriprise sues LPL Financial over alleged misappropriation of client data

Ameriprise Financial said on Tuesday it had filed a lawsuit in a U.S. district court against LPL Financial, alleging it harvests and misuses confidential client information in violation of

Ameriprise sues LPL Financial over alleged misappropriation of client data
Economy|Finance

BOJ mulling raising short-term rates to around 0.25%, media reports

The Bank of Japan is considering raising short-term interest rates to around 0.25% from the current 0-0.1% at its two-day policy meeting that ends on Wednesday, Jiji news agency

BOJ mulling raising short-term rates to around 0.25%, media reports
Economy|Finance

US consumer confidence rises in July; inflation expectations steady

U.S. consumer confidence unexpectedly rose in July, but remained in the tight range of the past two years amid lingering worries about inflation and higher borrowing costs.

US consumer confidence rises in July; inflation expectations steady
Business|Economy|Finance

American Tower raises annual forecast for key profit metric on strong leasing demand

Real estate investment trust American Tower raised its forecast for annual adjusted funds from operations (AFFO) and beat second-quarter revenue estimates on Tuesday, helped by strong

American Tower raises annual forecast for key profit metric on strong leasing demand
Business|Economy|Finance

Food supplier Sysco beats quarterly profit estimates on easing costs

Packaged and fresh food supplier Sysco beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by easing cost pressures, even as it missed sales expectations.

Food supplier Sysco beats quarterly profit estimates on easing costs
Business|Economy|Finance

S&P Global raises annual profit forecast on demand for analytics products

Financial information company S&P Global raised its full-year profit forecast on Tuesday and reported second-quarter adjusted earnings that rose 30% on the back of strong demand for its

S&P Global raises annual profit forecast on demand for analytics products
Asia|Economy

S&P maintains Indonesia's credit ratings, but flags fiscal uncertainties ahead

S&P Global Ratings affirmed on Tuesday Indonesia's ratings at BBB investment grade with a stable outlook, but flagged fiscal uncertainties from the incoming government led by

S&P maintains Indonesia's credit ratings, but flags fiscal uncertainties ahead
Business|Economy|Europe

China helps Italy's Brembo to defy auto industry weakness

Italian premium brake maker Brembo on Tuesday posted moderate gains in first-half core earnings and revenue, with its Asian markets and its business helping to maintain older vehicles

China helps Italy's Brembo to defy auto industry weakness
Business|Economy|Europe

Ferrari shores up cooperation with Italian tax authority to ensure transparency

Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and

Ferrari shores up cooperation with Italian tax authority to ensure transparency
Business|Economy|Finance

JetBlue posts surprise profit, delays aircraft deliveries

JetBlue Airways on Tuesday posted a surprise second-quarter profit and deferred deliveries of 44 Airbus 321neo aircraft to 2030 and beyond as part

JetBlue posts surprise profit, delays aircraft deliveries
Business|Economy|Finance

PayPal lifts 2024 profit forecast for second time; branded checkout growth outperforms

PayPal on Tuesday raised its forecast for full-year adjusted profit for the second time after its branded checkout business outperformed and eased competition worries,

PayPal lifts 2024 profit forecast for second time; branded checkout growth outperforms
Business|Economy|Finance

Alaska Airlines, Hawaiian Airlines extend review period of deal amid antitrust scrutiny

Alaska Air Group has agreed to extend the review period for the proposed $1.9 billion acquisition of rival Hawaiian Airlines amid antitrust scrutiny from the U.S.

Alaska Airlines, Hawaiian Airlines extend review period of deal amid antitrust scrutiny
Business|Economy|Finance

Leidos lifts 2024 profit target as global conflicts fuel weapons demand

Defense contractor Leidos raised its annual profit forecast on Tuesday, banking on strong worldwide weapons demand and increased defense spending amid growing geopolitical tensions.

Leidos lifts 2024 profit target as global conflicts fuel weapons demand
Business|Economy|Europe

Freight startup Sennder eyes doubled revenue with deal to buy part of U.S. rival

Digital freight firm Sennder has agreed to buy the European logistics operations of its U.S. rival C.H.

Freight startup Sennder eyes doubled revenue with deal to buy part of U.S. rival
Asia|Economy|Finance|Stock Markets

China securities regulator promotes law enforcement chief to vice chair

China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten

China securities regulator promotes law enforcement chief to vice chair
Economy

Italy Q2 GDP slows to 0.2% q/q, supported by domestic demand

Italy's economic growth slowed to 0.2% in the second quarter from the previous three months in line with forecasts, driven by domestic demand, preliminary data showed on Tuesday.

Italy Q2 GDP slows to 0.2% q/q, supported by domestic demand
Economy|Europe

French GDP up 0.3% q/q in Q2 with help from cruise ship delivery

France's economy grew marginally faster than expected in the second quarter as the delivery of a cruise ship boosted exports, offsetting flat consumer spending, official data showed

French GDP up 0.3% q/q in Q2 with help from cruise ship delivery

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