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

Latest From Reuters

Business|Economy|Finance

Lift makers' order intakes hold up despite slow China

European liftmakers Schindler and Kone posted second-quarter order intake above expectations on Friday, but warned China's construction

Lift makers' order intakes hold up despite slow China
Economy|Europe|Finance

Markets strap in for a bumpy ride

A look at the day ahead in European and global markets from Rae Wee It's been a turbulent week for investors marked by a tech selloff on the back of deepening Sino-U.S. trade tensions, uncertainty

Markets strap in for a bumpy ride
Asia|Economy

China's economic recovery not strong enough, Communist Party official says

China's economic recovery is not strong enough and the government needs to implement macro policies more effectively, said the senior Communist Party official for financial and

China's economic recovery not strong enough, Communist Party official says
Asia|Economy|Finance

Japan to convey its forex stance at G20 meetings in Brazil, Finance Minister says

Finance Minister Shunichi Suzuki said on Friday that he would convey Japan's stance on foreign exchange at meetings of the Group of Twenty (G20) finance leaders to be held in Rio de

Japan to convey its forex stance at G20 meetings in Brazil, Finance Minister says
Americas|Economy|Finance

Brazil freezes $2.7 billion from 2024 budget after market turmoil

Brazil's Finance Minister Fernando Haddad unveiled plans on Thursday to freeze 15 billion reais ($2.70 billion) from the 2024 budget as the government struggles to meet this year's

Brazil freezes $2.7 billion from 2024 budget after market turmoil
Economy|Europe|Finance

ECB hawks open to September rate cut if data supports it, sources say

Even some of the European Central Bank's more hawkish policymakers are open to an interest rate cut in September, provided incoming data confirm that disinflation is continuing,

ECB hawks open to September rate cut if data supports it, sources say
Business|Economy

Texas tanker bottleneck grows on slow Freeport LNG restart after Beryl

The number of liquefied natural gas (LNG) tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest

Texas tanker bottleneck grows on slow Freeport LNG restart after Beryl
Economy|Europe

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'

The European Central Bank kept interest rates unchanged on Thursday, and gave no hints as to what investors might expect at its next meeting, saying September was "wide open" and

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'
Economy|Environment|Europe

How Germany aims to get to net zero without breaking the bank

Germany faces a tough time finding ways to pay for its efforts to become climate-neutral by 2045 given the country's current tight budget constraints.

How Germany aims to get to net zero without breaking the bank
Economy|Europe

ECB won't debate inflation target, dot plot in upcoming review

The European Central Bank's next strategy assessment will not involve some key issues, including a discussion on the bank's numerical inflation target or the publication of

ECB won't debate inflation target, dot plot in upcoming review
Americas|Business|Economy|Finance

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation

LATAM Airlines is preparing to list its shares on the New York Stock Exchange in a move that could fetch it a valuation of $8.5 billion, the company said on Thursday.

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation
Economy

Euro holds firm after ECB leaves options open for Sept cut

The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was

Euro holds firm after ECB leaves options open for Sept cut
Economy

ECB keeps rates on hold, leaves options open for Sept

The European Central Bank kept borrowing costs on hold on Thursday, repeating that it needed to see more evidence that inflation was heading back to its goal before lowering

ECB keeps rates on hold, leaves options open for Sept
Business|Economy

KeyCorp forecasts bigger drop in annual average loans on tepid demand

KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional

KeyCorp forecasts bigger drop in annual average loans on tepid demand
Business|Economy

US watchdog says paycheck advances subject to lending law

Increasingly popular "earned wage" advances on worker paychecks are consumer loans subject to existing federal laws, the U.S.

US watchdog says paycheck advances subject to lending law
Business|Economy

D.R. Horton's home sales forecast, $4 billion buyback send shares to record high

D.R.

D.R. Horton's home sales forecast, $4 billion buyback send shares to record high
Business|Economy

Cognac executives, EU officials attend Beijing hearing on brandy dumping

Executives from French cognac companies and European Union officials on Thursday attended a hearing in Beijing related to China's anti-dumping investigation into EU brandy, the

Cognac executives, EU officials attend Beijing hearing on brandy dumping
Business|Economy

European shares end marginally lower as tech sell-off stymies advances

European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on by some positive

European shares end marginally lower as tech sell-off stymies advances
Business|Economy

FTSE indexes supported by positive corporate update

British stocks rose on Thursday after a slew of positive corporate updates, while data showed UK wage growth slowed but not enough to seal expectations

FTSE indexes supported by positive corporate update
Business|Economy

BOJ wants to maintain accommodative monetary environment, Jiji reports

A senior Bank of Japan official said the central bank wants to maintain an accommodative monetary environment as much as possible, Jiji news agency reported on Thursday.

BOJ wants to maintain accommodative monetary environment, Jiji reports
Business|Economy

Renault first-half sales rise on strong demand for hybrids in Europe

French automaker Renault said on Thursday its first-half sales volume rose 1.9% from the year-ago period on strong performance for its hybrids in Europe, its key

Renault first-half sales rise on strong demand for hybrids in Europe
Economy

South Korea vows all-out effort to stabilise rising house prices

South Korea's finance minister on Thursday vowed to take policy steps to stabilise the real estate market, as house prices are rising in the area of the capital Seoul.

South Korea vows all-out effort to stabilise rising house prices
Economy

What are Japan's tactics based on latest suspected intervention?

Japan is suspected to have intervened in the foreign exchange market to prop up the yen on several occasions this month, underscoring its discomfort over the pain the currency's fall

What are Japan's tactics based on latest suspected intervention?
Business|Economy

Volvo Cars blames EU tariffs as it cuts 2024 sales forecast

Volvo Cars cut its full-year retail sales forecast on Thursday, blaming European tariffs on EVs made in China that will hit one of the Swedish

Volvo Cars blames EU tariffs as it cuts 2024 sales forecast
Business|Economy

Standard Chartered boosts private bank team with 14 new hires

Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent

Standard Chartered boosts private bank team with 14 new hires

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