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

Latest From Reuters

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
Business|Economy|Finance

Capital One profit drops 61% as it stockpiles more money for loan losses

Capital One Financial's profit fell 61% in the second quarter, it reported on Tuesday, as it set aside more money to cover losses on loans. 

Capital One profit drops 61% as it stockpiles more money for loan losses
Business|Economy|Finance

Visa reports rare quarterly revenue miss, shares drop

Visa's third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world's largest payments processor as steep borrowing costs limited

Visa reports rare quarterly revenue miss, shares drop
Business|Economy|Finance

US business equipment borrowings fall 4% in June, ELFA says

U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.

US business equipment borrowings fall 4% in June, ELFA says
Economy|Finance

Ghana revises 2024 growth forecast higher as economy rebounds

Ghana's finance minister raised the country's 2024 growth forecast on Tuesday and said the West African nation was rebounding faster

Ghana revises 2024 growth forecast higher as economy rebounds
Business|Economy|Finance

PACCAR's second-quarter profit falls on higher capital spend

U.S. truckmaker PACCAR Inc reported a fall in its second-quarter profit on Tuesday, marginally missing estimates, hurt by inflationary pressures and high capital spending.

PACCAR's second-quarter profit falls on higher capital spend
Economy|Finance

Nigeria central bank hikes rate further as inflation bites

Nigeria's central bank on Tuesday raised its benchmark interest rate for the fourth time this year, as inflation surged to a 28-year high

Nigeria central bank hikes rate further as inflation bites
Business|Economy|Finance

PulteGroup's quarterly profit beats estimates on higher home sales

U.S. homebuilder PulteGroup beat Wall Street estimates for second-quarter profit on Tuesday, as an acute shortage of existing houses drove up demand for new constructions.

PulteGroup's quarterly profit beats estimates on higher home sales
Business|Economy|Finance

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand

Sherwin-Williams on Tuesday raised its full-year earnings forecast and posted a second-quarter profit that beat estimates, as the paintmaker was helped by higher prices and increased sales

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Business|Economy|Finance

Moody's raises 2024 profit forecast above estimates on robust demand for analytics

Ratings agency Moody's Corp raised its forecast for full-year adjusted profit above Wall Street estimates, driven by strong demand for its research and analytics products.

Moody's raises 2024 profit forecast above estimates on robust demand for analytics
Business|Economy|Europe|Finance

Italy seizes $131 million from Amazon over alleged tax, labour offences

Italy's tax police have seized some 121 million euros ($131 million) from an Italian unit of e-commerce giant Amazon as part of an investigation into alleged tax fraud and illegal

Italy seizes $131 million from Amazon over alleged tax, labour offences
Economy|Finance|Stock Markets

Energy sector drags TSX lower head of BoC rate decision

Canada's main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of

Energy sector drags TSX lower head of BoC rate decision
Asia|Business|Economy

India's Hindustan Unilever reports higher Q1 profit on volume growth

India's Hindustan Unilever (HUL) posted a higher first-quarter profit on Tuesday as price cuts boosted volumes, while a revival of the company's key home care business indicated a

India's Hindustan Unilever reports higher Q1 profit on volume growth
Business|Economy|Finance

Kimberly-Clark raises annual profit forecast on higher prices

Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter earnings, betting on higher prices and steady

Kimberly-Clark raises annual profit forecast on higher prices

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