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

Latest From Reuters

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
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

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