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

Latest From Reuters

Asia|Economy

Japan June industrial output seen down on auto production suspention: Reuters poll

Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday.

Japan June industrial output seen down on auto production suspention: Reuters poll
Economy|Finance

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
Americas|Economy|Election|Finance

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply

Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year.

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Business|Economy|Finance|Stock Markets

Norfolk Southern beats second-quarter profit estimates on higher pricing

U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday.

Norfolk Southern beats second-quarter profit estimates on higher pricing
Asia|Economy|Finance

Stocks not out of the woods after trying to recover

- A look at the day ahead in Asian markets by Alden Bentley in New York.

Stocks not out of the woods after trying to recover
Business|Economy|Finance|Stock Markets

L3Harris raises 2024 outlook amid global tensions

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid

L3Harris raises 2024 outlook amid global tensions
Americas|Business|Economy|Finance

IDB and Brazilian banks announce development of Amazon rainforest ETF

The Inter-American Development Bank and Brazilian public banks BNDES, Banco do Brasil and Caixa Economica Federal announced on Thursday they will jointly develop an exchange

IDB and Brazilian banks announce development of Amazon rainforest ETF
Economy|Finance

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports

Britain's new finance minister Rachel Reeves is expected to reveal a 20 billion pound ($25.7 billion) shortfall in the public finances, potentially paving the way for tax rises in

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports
Economy|Finance

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich

Brazilian Finance Minister Fernando Haddad said on Thursday that G20 finance leaders were poised to endorse a joint declaration on international tax cooperation addressing

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich
Business|Economy|Finance

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal

Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal
Economy|Election

A Trump presidency to pose mostly bearish risks for oil, Citi says

A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum

A Trump presidency to pose mostly bearish risks for oil, Citi says
Business|Economy

Walmart Canada raises hourly store wages for about 40,000 workers

Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.

Walmart Canada raises hourly store wages for about 40,000 workers
Business|Economy|Finance

Kroger, Albertsons $25 billion deal halted until Colorado trial in September

The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery

Kroger, Albertsons $25 billion deal halted until Colorado trial in September
Economy|Europe|Finance

Russia moves towards letting foreign banks open branches in Russia

Russian lawmakers gave preliminary approval to proposed legislation on Thursday that would allow foreign banks to open branches in Russia, a step the finance ministry said it hoped

Russia moves towards letting foreign banks open branches in Russia
Economy|Finance

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Business|Economy|Finance

Power company PG&E beats second-quarter profit estimates on higher rates

Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

Power company PG&E beats second-quarter profit estimates on higher rates
Business|Economy|Finance

Carrier's profit beats estimates on price hikes, demand for cooling systems

Carrier Global surpassed analysts' estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air conditioning products

Carrier's profit beats estimates on price hikes, demand for cooling systems
Business|Economy

Honeywell trims annual profit forecast on muted industrial automation demand

Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial firm

Honeywell trims annual profit forecast on muted industrial automation demand
Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes
Business|Economy|Finance

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower second-quarter profit on Thursday, but managed to beat earnings estimates as strong processing volumes offset a slump in margins.

Valero Energy beats estimates, but second-quarter profit falls on weak margins
Economy|Finance|Stock Markets

TSX hits 2-week low as industrials, gold mining shares fall

Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically

TSX hits 2-week low as industrials, gold mining shares fall
Business|Economy|Finance

Harley-Davidson's profit beats on strong demand for pricier Touring bikes

Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's

Harley-Davidson's profit beats on strong demand for pricier Touring bikes
Business|Economy|Finance|Stock Markets

Nasdaq profit beats as fintech sales jump, shares soar

Nasdaq's second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate

Nasdaq profit beats as fintech sales jump, shares soar
Business|Economy|Europe

EU sues Germany, Italy for alleged discrimination against mobile workers

The European Commission said on Thursday it had decided to refer Germany and Italy to the European Court of Justice (ECJ) over practices it said discriminated against mobile workers.

EU sues Germany, Italy for alleged discrimination against mobile workers
Business|Economy|Finance

NYCB posts bigger loss than expected on exposure to office real estate

New York Community Bancorp reported second-quarter loss that was worse than Wall Street's expectations on Thursday, as it set aside more money to cover

NYCB posts bigger loss than expected on exposure to office real estate

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