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

Latest From Reuters

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
Africa|Business|Economy

Amplats says on track to demerge in 2025, plans secondary London listing

South Africa's Anglo American Platinum (Amplats) expects its demerger from parent company Anglo American to be completed next year and is planning a secondary listing in London

Amplats says on track to demerge in 2025, plans secondary London listing
Economy|Finance

Oil market likely to be in surplus next year, Morgan Stanley says

The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.

Oil market likely to be in surplus next year, Morgan Stanley says
Economy|Europe|Finance

Wall Street in measured mood as Biden bows out

A look at the day ahead in European and global markets from Wayne Cole.

Wall Street in measured mood as Biden bows out
Asia|Business|Economy|Stock Markets

India's Wipro tanks after Q1 results flag growth concerns

Wipro's shares dropped the most in over four years on Monday morning as investors punished India's no.

India's Wipro tanks after Q1 results flag growth concerns
Asia|Economy|Finance

China cuts short and long-term rates

China cut short and long-term rates by 10 basis points on Monday, with the central bank saying it was aiming to support growth.

China cuts short and long-term rates
Economy|Finance

China lowers lending benchmarks after PBOC's surprise rate cut

China cut benchmark lending rates at a monthly fixing on Monday, after the central bank surprised the markets by lowering a key short-term policy rate earlier in the session.

China lowers lending benchmarks after PBOC's surprise rate cut
Asia|Economy|Finance

China cuts several major interest rates to support fragile economy

China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signalling intent to boost growth in the

China cuts several major interest rates to support fragile economy
Economy|Finance

S&P 500 e-minis edge up after Biden pulls out of US presidential race

S&P 500 e-mini futures were up slightly late on Sunday after U.S.

S&P 500 e-minis edge up after Biden pulls out of US presidential race
Business|Economy|Finance

US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal

U.S.-based private equity firm Stonepeak said it would buy New Zealand's Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider's shares up nearly

US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal
Business|Economy|Finance

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports

A top U.S. bank regulator's confidential assessments found 11 of the 22 large banks it supervises have "insufficient" or "weak" management of a broad swath of risks ranging from

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
Asia|Business|Economy

Long-awaited Chinese policy update presents no major shift

China released a policy document on Sunday, outlining known ambitions, from developing advanced industries to improving the business environment, with analysts spotting no sign of

Long-awaited Chinese policy update presents no major shift
Americas|Business|Economy|Environment

Ecuador and Chilean subsidiary ENAP renegotiate oil agreement

Ecuador and a subsidiary of Chile's state-owned oil company ENAP renegotiated an existing agreement for the exploitation of an oil block in the Ecuadorian Amazon, with an additional

Ecuador and Chilean subsidiary ENAP renegotiate oil agreement
Economy|Europe

Russia hikes import tariffs for consumer goods from 'unfriendly countries'

Russia increased imports tariffs for consumer goods, including wine, beer, candies, biscuits and shampoo, produced in countries that support sanctions against Moscow, according to a

Russia hikes import tariffs for consumer goods from 'unfriendly countries'
Business|Economy|Finance

Berkshire sells around $1.48 billion Bank of America shares, filing shows

Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.

Berkshire sells around $1.48 billion Bank of America shares, filing shows

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