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

Latest From Reuters

Economy|Finance|Stock Markets

Megacaps report, Harris in frame, China wobbles

A look at the day ahead in U.S. and global markets from Mike Dolan Monday's Wall Street bounce saw some relief precede the first two earnings reports from the "Magnificent 7" megacap stocks, while U.S

Megacaps report, Harris in frame, China wobbles
Asia|Business|Economy|Finance

China encourages some firms to tap foreign debt to boost real economy

China's top economic planner said on Tuesday it will support high-quality companies to borrow medium- and long-term foreign debt, to support the development of the real economy,

China encourages some firms to tap foreign debt to boost real economy
Australia|Business|Economy

Goldman Sachs buys Australia logistics properties to beef up real estate portfolio

Goldman Sachs Group's alternative investments platform said on Tuesday it bought seven logistics-focused properties across Australia to scale up its real estate portfolio.

Goldman Sachs buys Australia logistics properties to beef up real estate portfolio
Africa|Economy

IMF to review Kenya's revised economic plan at end of August, chief minister says

Kenya expects the International Monetary Fund to review its revised fiscal repair plan at the end of August, the country's chief minister has told a parliamentary

IMF to review Kenya's revised economic plan at end of August, chief minister says
Asia|Economy|Finance

India hikes taxes on equity investments; fund managers see short-term hit

The Indian government raised the tax rate on equity derivatives trades and on capital gains from equity investments on Tuesday, which fund managers said may

India hikes taxes on equity investments; fund managers see short-term hit
Asia|Economy|Finance

India unveils incentives to create jobs in first budget after election

India will spend $24 billion in job-spurring efforts over the next five years and boost rural spending, Finance Minister Nirmala Sitharaman said on Tuesday in the 2024/25 budget, unveiled

India unveils incentives to create jobs in first budget after election
Asia|Business|Economy

India keeps infrastructure spend target unchanged at record 11.11 trln rupees for 2024-25

India's federal government said on Tuesday that it will spend a record 11.11 trillion rupees ($132.85 billion) on infrastructure in the financial year ending March 2025 to support

India keeps infrastructure spend target unchanged at record 11.11 trln rupees for 2024-25
Asia|Economy

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years

Singapore's key consumer price gauge rose 2.9% in June from a year earlier, lower than economists' forecasts and the lowest reading since March 2022, official data showed on

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years
Asia|Economy

China adds 6.98 million urban new jobs in first half of year

China said on Tuesday that it added 6.98 million urban new jobs in the first half of the year, according to the human resources ministry.

China adds 6.98 million urban new jobs in first half of year
Asia|Economy|Finance

China's loan collateral tweak will ease 'asset famine', state media says

China's central bank's decision to lower the collateral requirement for medium-term loans will alleviate the "asset famine" pressure on the bond market, state media reported on

China's loan collateral tweak will ease 'asset famine', state media says
Business|Economy|Finance

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase

Regional lender New York Community Bancorp said on Monday it had closed the sale of about $5.9 billion in mortgage warehouse loans to Wall Street giant JPMorgan Chase.

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase
Asia|Business|Economy

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices

Lynas Rare Earths posted a drop in quarterly revenue on Tuesday, hit by production decline at its Kalgoorlie facility in Western Australia and lower underlying prices,

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices
Economy|Finance

Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury

– Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S.

Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury
Business|Economy|Finance

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million

Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million
Economy|Europe

Bundesbank flags risks to bringing down inflation

Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate

Bundesbank flags risks to bringing down inflation
Business|Economy

flydubai says expansion plans hindered by Boeing delays

Budget carrier flydubai's fleet expansion plans have been hit by delays to Boeing's aircraft delivery schedule, the Dubai airline said on Monday.

flydubai says expansion plans hindered by Boeing delays
Economy|Finance

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says

The sharp jump in derivative trading by Indian retail investors is likely driven by a "gambling instinct", a finance ministry report said on Monday, cautioning that any sharp

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says
Economy|Finance

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal

Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt.

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal
Americas|Economy|Finance

US opens probe into 150,000 Stellantis vehicles over loss of motive power

The U.S.

US opens probe into 150,000 Stellantis vehicles over loss of motive power
Economy|Europe|Finance

ECB's Kazimir opens door to two more rate cuts

European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

ECB's Kazimir opens door to two more rate cuts
Economy|Finance

China's fiscal revenue shrinks 2.8% on year in first half

China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged

China's fiscal revenue shrinks 2.8% on year in first half
Asia|Business|Economy

Indian economic adviser backs more Chinese direct investment in annual report

India's annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased

Indian economic adviser backs more Chinese direct investment in annual report
Asia|Economy|Finance

China's revenue from government land sales down 18.3% year on year

China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday.

China's revenue from government land sales down 18.3% year on year
Economy|Finance

India's inflation targeting framework must be re-examined, government report says

India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24

India's inflation targeting framework must be re-examined, government report says
Asia|Economy

China to allow delayed retirement to combat population woes

China will gradually raise its statutory retirement age, now among the world's lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension

China to allow delayed retirement to combat population woes

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