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

Latest From Reuters

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
Business|Economy

Spanish train maker Talgo receives merger offer from Czech rival Skoda

Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all

Spanish train maker Talgo receives merger offer from Czech rival Skoda
Business|Economy

Weak China demand hurts sales at luxury goods firm Richemont

Sales at Cartier-owner Richemont were almost flat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result

Weak China demand hurts sales at luxury goods firm Richemont
Business|Economy

Powell and Trump command market attention

A look at the day ahead in European and global markets from Ankur Banerjee Fed Chair Jerome Powell's sort of dovish comments have cemented an interest rate cut in September, at least in markets' eyes,

Powell and Trump command market attention
Business|Economy

Starboard pushes for changes at Tinder-parent Match after building 6.6% stake

Starboard Value has built a 6.6% stake in Match Group and is urging the dating app operator to explore a sale if it is unable to revitalize its business, the activist

Starboard pushes for changes at Tinder-parent Match after building 6.6% stake
Business|Economy

Argentina's parallel peso strengthens on new economic measures, stock index plummets

The Argentine parallel market peso appreciated against the U.S. dollar on Monday while the local stock market suffered, after new economic measures introduced by President

Argentina's parallel peso strengthens on new economic measures, stock index plummets
Business|Economy

Canadian firms keep investments in check despite rate cut expectations

Canadian businesses expect interest rates to come down by as much as 100 basis points over the next year but their willingness to invest is below

Canadian firms keep investments in check despite rate cut expectations
Business|Economy

SolarEdge Technologies to lay off 400 employees

SolarEdge Technologies said on Monday it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and ensure financial stability.

SolarEdge Technologies to lay off 400 employees
Business|Economy

Healthcare firm Concentra eyes $3.3 billion valuation in US IPO

Concentra Group, a Select Medical unit, is eyeing a valuation of $3.30 billion in its U.S. initial public offering, joining a growing list of firms testing the market after a near two-year

Healthcare firm Concentra eyes $3.3 billion valuation in US IPO
Business|Economy

German 2025 budget draft has a 17 billion euros hole - sources

The German cabinet plans to approve its draft for the 2025 budget on Wednesday, but there is still a gap of 17 billion euros ($

German 2025 budget draft has a 17 billion euros hole - sources
Business|Economy

Uber's UK court win over tax on rival apps overturned on appeal

Uber's rival taxi operators will not face a 20% tax charge on their profit margins outside of London after a court on Monday overturned a ruling that private-hire operators enter

Uber's UK court win over tax on rival apps overturned on appeal
Business|Economy

KKR-backed OneStream seeks $4.38 billion valuation in US IPO

OneStream Software, which is backed by private equity firm KKR, is targeting a valuation of about $4.38 billion in its U.S. initial public offering.

KKR-backed OneStream seeks $4.38 billion valuation in US IPO
Business|Economy

India's June exports rise 5.4% y/y; government expects $800 billion in FY25

India's goods and services exports likely rose 5.4% year-on-year to $65.47 billion in June, driven by a pick-up in orders that could push total

India's June exports rise 5.4% y/y; government expects $800 billion in FY25
Business|Economy

PayPal fined $27.3 million by Polish watchdog for ambiguous clauses

Poland's antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual

PayPal fined $27.3 million by Polish watchdog for ambiguous clauses
Business|Economy

Who is Burberry's new CEO and luxury veteran Joshua Schulman?

British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year.

Who is Burberry's new CEO and luxury veteran Joshua Schulman?
Business|Economy

Who is Burberry's new CEO and luxury veteran Joshua Schulman?

British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year.

Who is Burberry's new CEO and luxury veteran Joshua Schulman?
Economy

Spain's GDP seen growing by brisker 2.4% this year - economy minister

Spain's economy is on track to grow 2.4% this year and 2.2% in 2025, more than initially expected, following strong data during the first half of 2024, Economy Minister Carlos

Spain's GDP seen growing by brisker 2.4% this year - economy minister
Business|Economy

Goldman Sachs, J.P. Morgan trims China 2024 growth forecast

Goldman Sachs on Monday lowered its forecast for China's 2024 gross domestic product to 4.9% from 5.0% after data showed that the country's economy had slowed in the second quarter.

Goldman Sachs, J.P. Morgan trims China 2024 growth forecast
Business|Economy

China June industrial output growth slows, retail sales miss expectations by large margin

China's industrial output rose 5.3% in June from a year earlier, slowing from 5.6% in May, as sluggish domestic demand continued to weigh on the country's patchy economic recovery.

China June industrial output growth slows, retail sales miss expectations by large margin
Business|Economy

China's property investment drops 10.1% y/y in January-June

Property investment in China fell 10.1% in the first half of 2024 from a year earlier, matching a figure in January-May, suggesting the sector is still not out of the woods despite

China's property investment drops 10.1% y/y in January-June
Business|Economy

China central bank leaves medium-term rate unchanged as expected

China's central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans.

China central bank leaves medium-term rate unchanged as expected
Business|Economy

China new home prices fall at fastest pace in 9 years, more support needed

China's new home prices in June fell at the fastest clip in nine years while property sales and investment slumped, increasing pressure on policymakers

China new home prices fall at fastest pace in 9 years, more support needed
Business|Economy

Aussie banks to return $19 million charged in high fee to low-income customers

Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-

Aussie banks to return $19 million charged in high fee to low-income customers
Business|Economy

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January

Argentina's economy ministry said on Sunday it will purchase just over $1.5 billion from the central bank to pay the total interest on the country's "Globales" and "Bonares"

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January
Economy

Kuwait says government spending must be fixed to control budget growth

Kuwait's budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at

Kuwait says government spending must be fixed to control budget growth

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