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

Latest From Reuters

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
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

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