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

Latest From Reuters

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
Economy

Canada's economy appears to have achieved soft landing, says IMF

Canada's economy appears to have achieved a soft landing, the IMF said on Tuesday, essentially referring to a scenario where interest rates are high enough to bring inflation down

Canada's economy appears to have achieved soft landing, says IMF
Business|Economy

US bank executives discuss consumer outlook

U.S. banks have reaped a windfall from higher interest payments on loans, but commentary from some top executives suggests they could face an uncertain path ahead.

US bank executives discuss consumer outlook
Economy

Argentina's USD bonds fall as investors worry about reserves buildup

Argentina's dollar-denominated bonds resumed their weekly fall on Tuesday with all restructured issues down over 1 cent in price, as investor concern lingers over the government's decision

Argentina's USD bonds fall as investors worry about reserves buildup
Business|Economy

Romania cannot afford tax hikes in 2025, prime minister tells business owners

Romania cannot afford to raise taxes in 2025 and should focus on curbing tax evasion to rein in its budget deficit, Prime Minister Marcel Ciolacu told small business owners on

Romania cannot afford tax hikes in 2025, prime minister tells business owners
Business|Economy

Rio Tinto hails another step closer to develop Serbian lithium mine

Mining group Rio Tinto welcomed on Tuesday the Serbian government's reinstatement of its licence to develop Europe's biggest lithium mine, in a potential boost to the

Rio Tinto hails another step closer to develop Serbian lithium mine
Business|Economy

US business inventories increase slightly above expectations in May

U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment

US business inventories increase slightly above expectations in May
Economy

IMF sees no pressure on US debt now, but debt growth and short-term financing a concern

The International Monetary Fund does not see any current market pressure U.S.

IMF sees no pressure on US debt now, but debt growth and short-term financing a concern
Economy

IMF raises India's GDP forecast to 7% for 2024-25

The International Monetary Fund on Tuesday raised India's growth forecast for 2024-25 to 7% from 6.8% on the back of improving private consumption, particularly in rural India.

IMF raises India's GDP forecast to 7% for 2024-25
Business|Economy

Equity traders fuel US bank profits as stock markets rally

Equity traders rode high in the second quarter, propelling earnings across Wall Street giants.

Equity traders fuel US bank profits as stock markets rally
Economy

IMF revises Saudi GDP growth down on oil cuts

The International Monetary Fund on Tuesday revised downwards Saudi Arabia's economic growth by nearly one percentage point, mainly due to oil production cuts.

IMF revises Saudi GDP growth down on oil cuts
Business|Economy

Brokerage Charles Schwab's profit falls on weaker interest income

Charles Schwab's second-quarter profit fell 2% as the brokerage paid out more interest on client deposits and its own borrowings, sending its shares down 7.1% on Tuesday.

Brokerage Charles Schwab's profit falls on weaker interest income
Business|Economy

Progressive's quarterly profit surges on strong demand for auto insurance policies

Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal auto insurance policies, sending its shares up

Progressive's quarterly profit surges on strong demand for auto insurance policies
Business|Economy

State Street posts higher AUM; revenue beats estimates on higher fees

State Street on Tuesday reported a rise in client assets under management which helped the custodian bank rake in more fees from the service, sending its shares up 0.8% in premarket

State Street posts higher AUM; revenue beats estimates on higher fees
Business|Economy

Walmart Chile workers end strike, extend contract 18 months

Walmart's workers union in Chile has called off a strike, it said on Monday evening, with its current labor agreement with the company extended another 18 months.

Walmart Chile workers end strike, extend contract 18 months
Business|Economy

PNC Financial's second-quarter profit rises on higher fee income

PNC Financial reported an increase in second-quarter profit on Tuesday as higher fees from underwriting and advising on deals helped the bank offset a decline in interest income.

PNC Financial's second-quarter profit rises on higher fee income
Business|Economy

Morgan Stanley profit surges on investment banking, trading, while wealth lags

Morgan Stanley's second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted

Morgan Stanley profit surges on investment banking, trading, while wealth lags
Business|Economy

Cold storage REIT Lineage targets up to $19.2 billion valuation in blockbuster US IPO

Cold storage real estate investment trust Lineage said on Tuesday it was aiming for a valuation of up to $19.16 billion in its U.S. initial public offering, in what

Cold storage REIT Lineage targets up to $19.2 billion valuation in blockbuster US IPO
Business|Economy

German investor morale falls sharply in July, ZEW says

German investor morale deteriorated more than expected in July, registering its first fall in a year and suggesting the recovery in the euro zone's largest economy

German investor morale falls sharply in July, ZEW says
Economy

Euro zone households seek loans again after two years - ECB

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a European

Euro zone households seek loans again after two years - ECB
Business|Economy

Thailand approves $2.8 billion soft loan scheme for commercial banks

Thailand's cabinet on Tuesday approved a 100 billion-baht ($2.8 billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-

Thailand approves $2.8 billion soft loan scheme for commercial banks

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