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

Latest From Reuters

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
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

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