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

Latest From Reuters

Americas|Economy|Environment|Finance

Brazil, US to unveil climate transition initiative, Brazil's finance minister says

Brazil and the United States will unveil a joint climate transition initiative, Brazilian Finance Minister Fernando Haddad said on Wednesday, after earlier meeting with U.S.

Brazil, US to unveil climate transition initiative, Brazil's finance minister says
Business|Economy|Entertainment

UMG Q2 revenue beat offset by subscription and streaming headwinds

Universal Music Group, the label representing Taylor Swift, BTS and Drake, on Wednesday recorded higher than expected second quarter sales, which was offset by a slowdown in the

UMG Q2 revenue beat offset by subscription and streaming headwinds
Business|Economy|Europe

Carrefour looks to second half with confidence as France, Brazil lift H1 profit

Carrefour on Wednesday upheld its end-year profit and cashflow targets, saying it looked to the second half of the year with confidence as its French and

Carrefour looks to second half with confidence as France, Brazil lift H1 profit
Business|Economy|Entertainment|Finance

Theater chain AMC forecasts Q2 loss due to fewer big releases

AMC Entertainment Holdings said on Wednesday it would report a loss for the second quarter compared to a profit in the year-ago period, blaming a thin slate of big releases due to last

Theater chain AMC forecasts Q2 loss due to fewer big releases
Economy|Finance

Bank of Canada trims 2024 growth forecast, sees inflation hitting target in 2nd half of 2025

The Bank of Canada on Wednesday trimmed its growth forecast for 2024, citing lower consumption, and reiterated that it expected inflation to return sustainably to its 2%

Bank of Canada trims 2024 growth forecast, sees inflation hitting target in 2nd half of 2025
Business|Economy

US business activity edges higher; pricing power diminishing

U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from

US business activity edges higher; pricing power diminishing
Economy|Finance

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Asia|Economy

Japan plans record hike in minimum wage, NHK reports

A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump,

Japan plans record hike in minimum wage, NHK reports
Business|Economy|Finance

Utility NextEra reports Q2 profit miss as segment sales slide

NextEra Energy on Wednesday reported a lower-than-expected profit in the second quarter, partly hurt by lower segment sales and higher interest rates.

Utility NextEra reports Q2 profit miss as segment sales slide
Business|Economy|Finance

Exchange operator CME's profit beats estimates on record trading volumes

CME Group on Wednesday beat analyst estimates for its second-quarter profit, as the exchange operator notched record trading volumes, with investors rushing to manage

Exchange operator CME's profit beats estimates on record trading volumes
Business|Economy|Europe

Anglo to face investors with wary eye on BHP's potential return

Anglo American investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the London-based miner's strategy, just months after fighting off a $49

Anglo to face investors with wary eye on BHP's potential return
Business|Economy|Finance

Otis cuts annual sales view on slowdown in construction activity in China, US

Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China.

Otis cuts annual sales view on slowdown in construction activity in China, US
Economy|Europe

German cabinet agrees to expand tax relief to boost economy

Germany's cabinet agreed on Wednesday to increase tax relief for companies and households to almost 21 billion euros per year to help bolster stuttering growth

German cabinet agrees to expand tax relief to boost economy
Economy|Finance

QUOTES: Bank of England policymakers split on when to cut rates

Bank of England Chief Economist Huw Pill said earlier this month that it was an open question whether the BoE would cut interest rates on Aug. 1, despite inflation returning to its

QUOTES: Bank of England policymakers split on when to cut rates
Business|Economy|Finance

High earnings bar, Harris polling bump

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please.

High earnings bar, Harris polling bump
Economy|Finance

Some members on Japan panel urge BOJ to raise rates to counter weak yen

The Bank of Japan must raise interest rates to prevent excessive declines in the yen, private-sector members of a key government council said at a meeting last week where Governor

Some members on Japan panel urge BOJ to raise rates to counter weak yen
Business|Economy|Europe

Euro zone business growth stalls in July, PMIs show

Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among

Euro zone business growth stalls in July, PMIs show
Economy|Europe

German consumer sentiment recovers significantly in August, finds GfK

German consumer sentiment is set to recover significantly heading into August as households' income expectations hit their highest point in over two years due to slightly lower

German consumer sentiment recovers significantly in August, finds GfK
Asia|Business|Economy

Remy Cointreau's shares hit lowest since 2016 after quarterly sales miss

Remy Cointreau's shares hit their lowest in eight years on Wednesday as a first-quarter sales miss on spreading problems in the U.S. and Asia added to gloomy sentiment around the

Remy Cointreau's shares hit lowest since 2016 after quarterly sales miss
Business|Economy|Europe|Finance

Lacklustre earnings keep investors jittery

A look at the day ahead in European and global markets from Ankur Banerjee A sales miss by luxury giant LVMH due to Chinese shoppers keeping a lid on spending and disappointing results from major U.S.

Lacklustre earnings keep investors jittery
Business|Economy

Reckitt pressed by shareholders to revisit sale of nutrition business, FT reports

British consumer goods company Reckitt is under pressure from top shareholders to revisit a sale of its Mead Johnson Nutrition business, following litigation and other setbacks at the

Reckitt pressed by shareholders to revisit sale of nutrition business, FT reports
Asia|Economy

Thailand says $13.8 billion handout scheme a vital boost for sluggish economy

Thailand's 500 billion baht ($13.85 billion) "digital wallet" handout scheme is a necessary stimulus measure to boost a lagging economy held back by low income and high household

Thailand says $13.8 billion handout scheme a vital boost for sluggish economy
Asia|Business|Economy

Japan protests Russia's decision to ban entry of 13 business executives

Japan protested to Russia on Wednesday over curbs denying entry to 13 Japanese business executives, including the Toyota Motor chairman, as part of counter-sanctions measures.

Japan protests Russia's decision to ban entry of 13 business executives
Business|Economy

Japan's July factory activity slips, service sector solid, PMI shows

Japan's factory activity contracted slightly in July as output and new orders fell and firms remained under pressure from higher prices, a business survey showed on Wednesday.

Japan's July factory activity slips, service sector solid, PMI shows
Asia|Economy

South Korean consumers turn most optimistic in 27 months

South Korea's consumer sentiment in July was the most optimistic in 27 months, with a brighter spending outlook due to easing inflation concerns, a central bank survey showed on

South Korean consumers turn most optimistic in 27 months

Follow