Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Business|Economy

Beyond Meat engages with bondholders to discuss balance-sheet restructuring, WSJ reports

Beyond Meat has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, the Wall Street Journal reported on Wednesday, sending its shares down 13%

Beyond Meat engages with bondholders to discuss balance-sheet restructuring, WSJ reports
Business|Economy

Prologis raises annual core FFO forecast on better demand, data center strength

Warehouse-focused real estate investment trust (REIT) Prologis raised the lower end of its full-year forecast for core funds from operations (FFO) on Wednesday, banking on better demand

Prologis raises annual core FFO forecast on better demand, data center strength
Business|Economy

US manufacturing output beats expectations with 0.4% rise in June

Production at U.S. factories increased more than expected in June, contributing to a solid rebound in output in the second quarter, though higher borrowing costs remain a

US manufacturing output beats expectations with 0.4% rise in June
Business|Economy

US banks see high deposit costs, investment banking boost

U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment

US banks see high deposit costs, investment banking boost
Business|Economy

PBOC conducts new survey of regional banks' bond investments, sources say

China's central bank has made a fresh round of surveys on bond investments held by some regional banks, weeks after it hinted that it could use the billions of yuan worth of

PBOC conducts new survey of regional banks' bond investments, sources say
Business|Economy

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO

Fortescue will reduce about 700 jobs, or 4.5% of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday, as it appointed acting Chief Financial

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
Business|Economy

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income

U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income
Business|Economy

Northern Trust's profit surges on fee income boost, accounting gain

Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a

Northern Trust's profit surges on fee income boost, accounting gain
Business|Economy

Citizens Financial profit beats estimates on strong capital markets

U.S. lender Citizens Financial beat expectations for second-quarter profit on Wednesday, lifted by strong capital markets.

Citizens Financial profit beats estimates on strong capital markets
Business|Economy|Education

Discover sells student loan portfolio to Carlyle, KKR for up to $10.8 billion

-Discover Financial Services will sell a portfolio of student loans to buyout giants Carlyle and KKR for up to $10.8 billion, the credit card-focused lender said on Wednesday.

Discover sells student loan portfolio to Carlyle, KKR for up to $10.8 billion
Business|Economy

Honda sets secondary share sale price at 3% discount in $3.16 billion deal

Honda Motor has priced shares in a secondary share sale at 1,664.5 yen each, or a 3% discount to Wednesday's closing price, valuing the deal at 497 billion yen ($3.16 billion), the

Honda sets secondary share sale price at 3% discount in $3.16 billion deal
Economy

Indonesia central bank holds interest rates steady, as expected

Indonesia's central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent to

Indonesia central bank holds interest rates steady, as expected
Business|Economy

Ray-Ban maker EssilorLuxottica taps streetwear audience with Supreme deal

EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, the companies said on Wednesday, marking the first acquisition of an

Ray-Ban maker EssilorLuxottica taps streetwear audience with Supreme deal
Business|Economy

Spanish fund Criteria to team up with Skoda in bid for Talgo, Cinco Dias says

Spain's Criteria, the investment arm of the La Caixa foundation, is considering teaming up with Czech train maker Skoda in its bid for Talgo, Cinco Dias newspaper reported on

Spanish fund Criteria to team up with Skoda in bid for Talgo, Cinco Dias says
Business|Economy

Hong Kong posts record home purchases by mainland Chinese, realtor says

Hong Kong saw record home purchases by mainland Chinese buyers in the first six months after the financial hub removed all buying curbs, major realtor Centaline Property Agency

Hong Kong posts record home purchases by mainland Chinese, realtor says
Business|Economy

Maersk says Red Sea shipping disruption having global effects

Denmark's A.P.

Maersk says Red Sea shipping disruption having global effects
Business|Economy

Thai industrial sentiment hits 2-yr low in June, business federation says

The Thai industrial sentiment index fell for a third straight month to its lowest in two years in June due to a slow economy, weak demand and bad debt problems, the Federation of

Thai industrial sentiment hits 2-yr low in June, business federation says
Economy

China's June jobless rate for 16-24 year olds at 13.2%, stats bureau says

The jobless rate for 16 to 24 year olds in China, excluding college students, was at 13.2% for the month of June, the country's statistics bureau said on Wednesday.

China's June jobless rate for 16-24 year olds at 13.2%, stats bureau says
Economy

Singapore's June exports fall steeper than forecast

Singapore's non-oil domestic exports in June fell 8.7% from the same month a year earlier, data showed on Wednesday, weighed down mainly by weakness in non-electronic products.

Singapore's June exports fall steeper than forecast
Business|Economy

Trump says Taiwan should pay for defence, sending TSMC stock down

Taiwan should pay the U.S. for its defence as it does not give the country anything, Republican presidential candidate Donald Trump told Bloomberg Businessweek, sending shares of

Trump says Taiwan should pay for defence, sending TSMC stock down
Business|Economy

ADB slightly raises 2024 growth forecast for developing Asia

The Asian Development Bank (ADB) slightly raised its growth forecast for developing Asia this year due to stronger domestic demand and export growth, but said downside risks from a

ADB slightly raises 2024 growth forecast for developing Asia
Business|Economy

America Movil swings to net loss citing post-election peso volatility

Mexican telecommunications giant America Movil fell short of analyst projections and swung to a net loss in the second quarter in results posted Tuesday, citing the depreciation

America Movil swings to net loss citing post-election peso volatility
Business|Economy

Brazil's central bank keeps all policy options open, says director

Brazil's central bank has all options on the table regarding future interest rate decisions, monetary policy director Gabriel Galipolo said on Tuesday.

Brazil's central bank keeps all policy options open, says director
Business|Economy

Spirit Airlines lowers second-quarter outlook on weak non-ticket revenue

Spirit Airlines on Tuesday cut its revenue outlook for the second quarter, citing lower-than-expected non-ticket revenue, sending its shares down more than 6% in extended trading.

Spirit Airlines lowers second-quarter outlook on weak non-ticket revenue
Business|Economy|Entertainment

Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored

Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

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