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

Latest From Reuters

Asia|Business|Economy

Thailand to offer investment incentives for makers of hybrid vehicles

Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes for

Thailand to offer investment incentives for makers of hybrid vehicles
Economy|Europe

Euro zone consumers stopped lowering inflation expectations in June

Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.

Euro zone consumers stopped lowering inflation expectations in June
Business|Economy|Europe|Finance

European shares end higher as earnings barrage impresses

European shares closed higher on Friday, boosted by an earnings-driven advance across several sectors including luxury, while global markets remained

European shares end higher as earnings barrage impresses
Business|Economy|Finance

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion

Britain's Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday.

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion
Economy|Finance

China's rate cuts sequence hints at reduced role for MLF

China's latest series of rate cuts show the central bank's monetary framework has changed, analysts said, with the short-term repo rate becoming the primary signal and a

China's rate cuts sequence hints at reduced role for MLF
Economy|Europe|Finance|Stock Markets

Stocks on firmer footing after wild week

A look at the day ahead in European and global markets from Kevin Buckland An element of calm has returned to markets as a wild week winds down, with European and U.S. stock futures pointing overall

Stocks on firmer footing after wild week
Asia|Economy

Japan June industrial output seen down on auto production suspention: Reuters poll

Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday.

Japan June industrial output seen down on auto production suspention: Reuters poll
Economy|Finance

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
Americas|Economy|Election|Finance

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply

Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year.

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Business|Economy|Finance|Stock Markets

Norfolk Southern beats second-quarter profit estimates on higher pricing

U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday.

Norfolk Southern beats second-quarter profit estimates on higher pricing
Asia|Economy|Finance

Stocks not out of the woods after trying to recover

- A look at the day ahead in Asian markets by Alden Bentley in New York.

Stocks not out of the woods after trying to recover
Business|Economy|Finance|Stock Markets

L3Harris raises 2024 outlook amid global tensions

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid

L3Harris raises 2024 outlook amid global tensions
Americas|Business|Economy|Finance

IDB and Brazilian banks announce development of Amazon rainforest ETF

The Inter-American Development Bank and Brazilian public banks BNDES, Banco do Brasil and Caixa Economica Federal announced on Thursday they will jointly develop an exchange

IDB and Brazilian banks announce development of Amazon rainforest ETF
Economy|Finance

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports

Britain's new finance minister Rachel Reeves is expected to reveal a 20 billion pound ($25.7 billion) shortfall in the public finances, potentially paving the way for tax rises in

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports
Economy|Finance

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich

Brazilian Finance Minister Fernando Haddad said on Thursday that G20 finance leaders were poised to endorse a joint declaration on international tax cooperation addressing

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich
Business|Economy|Finance

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal

Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal
Economy|Election

A Trump presidency to pose mostly bearish risks for oil, Citi says

A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum

A Trump presidency to pose mostly bearish risks for oil, Citi says
Business|Economy

Walmart Canada raises hourly store wages for about 40,000 workers

Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.

Walmart Canada raises hourly store wages for about 40,000 workers
Business|Economy|Finance

Kroger, Albertsons $25 billion deal halted until Colorado trial in September

The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery

Kroger, Albertsons $25 billion deal halted until Colorado trial in September
Economy|Europe|Finance

Russia moves towards letting foreign banks open branches in Russia

Russian lawmakers gave preliminary approval to proposed legislation on Thursday that would allow foreign banks to open branches in Russia, a step the finance ministry said it hoped

Russia moves towards letting foreign banks open branches in Russia
Economy|Finance

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Business|Economy|Finance

Power company PG&E beats second-quarter profit estimates on higher rates

Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

Power company PG&E beats second-quarter profit estimates on higher rates
Business|Economy|Finance

Carrier's profit beats estimates on price hikes, demand for cooling systems

Carrier Global surpassed analysts' estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air conditioning products

Carrier's profit beats estimates on price hikes, demand for cooling systems
Business|Economy

Honeywell trims annual profit forecast on muted industrial automation demand

Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial firm

Honeywell trims annual profit forecast on muted industrial automation demand
Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

Follow