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

Latest From Reuters

Business|Economy

UK factories slash price expectations and raise output forecasts, CBI says

British manufacturers' expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation

UK factories slash price expectations and raise output forecasts, CBI says
Economy|Finance|Stock Markets

Growth angst or air pocket? Stocks nurse losses

A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is

Growth angst or air pocket? Stocks nurse losses
Business|Economy|Finance

Lazard swings to profit on investment banking rebound, beats estimates

Lazard swung to a profit in the second quarter, exceeding analysts' expectations as dealmaking surged.

Lazard swings to profit on investment banking rebound, beats estimates
Business|Economy|Finance

Bombardier's second-quarter results beat on higher jet deliveries

Bombardier beat analysts' estimates for second-quarter results on Thursday, helped by higher plane deliveries and stronger sales in the Canadian business jet maker's services business.

Bombardier's second-quarter results beat on higher jet deliveries
Asia|Business|Economy|Europe

Dow misses profit estimates on lower demand in Asia, Europe

Dow missed second-quarter profit estimates on Thursday, hurt by lower demand and prices in Asia and Europe.

Dow misses profit estimates on lower demand in Asia, Europe
Business|Economy|Finance

Four UK high street banks broke retail competition rules, watchdog says

Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday.

Four UK high street banks broke retail competition rules, watchdog says
Asia|Business|Economy

China to earmark $41 billion in bond funds to bolster recovery

China will allocate 300 billion yuan ($41.40 billion) in ultra-long treasury bonds to support a programme of equipment upgrades and consumer goods trade-ins, the government said on

China to earmark $41 billion in bond funds to bolster recovery
Economy|Finance

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says

The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency "competitive," BofA

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
Asia|Business|Economy

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy

Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy
Business|Economy|Europe

Swiss skin care firm Galderma flags prospects, but shares slip

Switzerland's Galderma signalled sales growth would be at the upper end of its target range in 2024 after publishing half-year results, but its shares fell in a choppy market amid

Swiss skin care firm Galderma flags prospects, but shares slip
Business|Economy|Finance

Julius Baer shares slide on profit miss, tepid cash inflows

Swiss private bank Julius Baer's shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows from

Julius Baer shares slide on profit miss, tepid cash inflows
Economy|Europe|Finance|Stock Markets

Stock rout spreads beyond tech

A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts

Stock rout spreads beyond tech
Asia|Economy|Finance

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Business|Economy

Thailand car production drops sharply in June, local sales fall

Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower than

Thailand car production drops sharply in June, local sales fall
Business|Economy

Thailand investment pledges rise 35% to $12.7 billion in H1, government says

Thailand saw investment pledges rise 35% in the first half of this year to 458 billion baht ($12.68 billion), the Board of Investment said Thursday.

Thailand investment pledges rise 35% to $12.7 billion in H1, government says
Asia|Economy|Finance

China central bank surprises by lending again at lower rates

China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are

China central bank surprises by lending again at lower rates
Asia|Economy|Finance

Chinese banks cut deposit rates to relieve squeezed margins

Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending

Chinese banks cut deposit rates to relieve squeezed margins
Asia|Economy|Finance

China central bank unexpectedly conducts medium-term loan operation, cuts interest rate

China's central bank unexpectedly conducted a medium-term lending facility (MLF) operation on Thursday and cut the interest rate, following a string of other rate reductions

China central bank unexpectedly conducts medium-term loan operation, cuts interest rate
Australia|Economy|Finance

Australia's ANZ fires staff amid multiple dealing room investigation

Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an

Australia's ANZ fires staff amid multiple dealing room investigation
Asia|Economy

South Korean GDP unexpectedly shrinks, boosting rate cut chances

South Korea's economy unexpectedly shrank in the second quarter, clocking the sharpest contraction since 2022 as slumping consumer spending undermined an export boom,

South Korean GDP unexpectedly shrinks, boosting rate cut chances
Americas|Business|Economy

Mexican breadmaker Bimbo's Q2 profit drops 16%

Mexican breadmaker Bimbo's second-quarter net profit slipped by 16.3% compared to the same period last year to 3.32 billion pesos ($181.56 million), the firm reported on

Mexican breadmaker Bimbo's Q2 profit drops 16%
Asia|Business|Economy

Japan's Honda to close China plant, halt production at another factory

Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday, as it seeks to start producing more electric vehicles amid

Japan's Honda to close China plant, halt production at another factory
Business|Economy|Finance

Ameriprise Financial's profit jumps on fee income strength

Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.

Ameriprise Financial's profit jumps on fee income strength
Business|Economy|Finance

United Rentals posts higher second-quarter profit on equipment demand

Equipment rental firm United Rentals posted a 7.6% rise in second-quarter profit on Wednesday, backed by robust demand for industrial tools and higher rental rates.

United Rentals posts higher second-quarter profit on equipment demand
Asia|Economy|Finance|Stock Markets

A megacap tsunami coming your way

A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out.

A megacap tsunami coming your way

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