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

Latest From Reuters

Business|Economy|Europe|Finance

Gas shocks play greater role in euro zone inflation, ECB paper says

Natural gas price shocks have an increasingly important impact on euro zone inflation although still not as much as oil price fluctuations, fresh research published by the

Gas shocks play greater role in euro zone inflation, ECB paper says
Economy|Europe|Finance

Swiss franc hits highest vs euro since 2015 amid volatile markets

The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the

Swiss franc hits highest vs euro since 2015 amid volatile markets
Business|Economy

Russian service sector activity returns to growth in July, PMI shows

Activity across Russia's services sector returned to growth in July, which firms attributed to stronger demand, creating more new orders and a faster rate of job creation, a business

Russian service sector activity returns to growth in July, PMI shows
Business|Economy|Finance

Saudi non-oil activity growth eases in July, PMI shows

Growth in Saudi Arabia's non-oil sector eased in July from the previous month, with new orders increasing at the slowest pace in two and a half years, a survey showed on Monday.

Saudi non-oil activity growth eases in July, PMI shows
Business|Economy|Finance|Stock Markets

Investors' comments on global stocks rout

Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest

Investors' comments on global stocks rout
Asia|Business|Economy|Finance

China's services activity expands further, but external demand slows, Caixin PMI shows

Growth in China's services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months, a private-sector survey

China's services activity expands further, but external demand slows, Caixin PMI shows
Asia|Business|Economy

Japan's July service activity rebounds after dip, PMI shows

Japan's service-sector activity returned to growth in July thanks to solid domestic demand, a survey showed on Monday, but slow overseas orders and unabated cost pressures continue

Japan's July service activity rebounds after dip, PMI shows
Business|Economy|Finance

Elon Musk says Fed foolish not to have cut interest rates

Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already.

Elon Musk says Fed foolish not to have cut interest rates
Business|Economy|Finance

Egypt's net foreign assets positive for second month in June

Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more than two years, central bank data showed.

Egypt's net foreign assets positive for second month in June
Americas|Economy

Colombia central bank raises 2024 inflation outlook to 5.7%

Colombia's central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday.

Colombia central bank raises 2024 inflation outlook to 5.7%
Business|Economy|Finance

Wall Street sees bigger 2024 Fed easing after soft jobs report

A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change

Wall Street sees bigger 2024 Fed easing after soft jobs report
Business|Economy|Finance

Fed's Goolsbee: don't want to 'blow through' full employment

Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will

Fed's Goolsbee: don't want to 'blow through' full employment
Economy|Europe

Italy has no plans for new tax on company profits, sources say

Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports.

Italy has no plans for new tax on company profits, sources say
Business|Economy|Finance

Equities sell off, Nasdaq on track for correction, bond yields sink

Global equities sold off on Friday and U.S.

Equities sell off, Nasdaq on track for correction, bond yields sink
Business|Economy

US factory orders fall more than expected in June

New orders for U.S.-manufactured goods fell more than expected in June, but business spending on equipment was solid as was initially estimated, government data showed on Friday

US factory orders fall more than expected in June
Business|Economy|Finance

US equity fund inflows continued in week to July 31 amid rate cut hopes

Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an

US equity fund inflows continued in week to July 31 amid rate cut hopes
Economy|Europe|Finance

BoE's Pill says job not done on inflation, rates might not fall again soon

Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.

BoE's Pill says job not done on inflation, rates might not fall again soon
Africa|Economy|Finance

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister

Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday.

Ethiopia to save $4.9 billion from debt restructuring, says state finance minister
Business|Economy|Finance|Stock Markets

Global rate cuts? We're halfway there

Global stock markets tumbled on Monday at the start of another volatile week, as a so-far reasonably robust earnings season failed to offset fears of a U.S. recession and worries that

Global rate cuts? We're halfway there
Asia|Economy|Finance

China central bank adviser calls for greater stimulus, inflation goal

China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a "low inflation trap", a central bank policy

China central bank adviser calls for greater stimulus, inflation goal
Economy|Finance

Australia, NZ dollars grapple with risk aversion as US growth fears weigh

The Australian dollar was pinned near three-month lows on Friday as weak U.S. data fuelled fears of a sharp slowdown in the world's largest economy, sending investors to the embrace

Australia, NZ dollars grapple with risk aversion as US growth fears weigh
Business|Economy

US launches antitrust probe into Nvidia over sales practices, The Information reports

The U.S.

US launches antitrust probe into Nvidia over sales practices, The Information reports
Asia|Business|Economy

South Korea inflation ticks up in July after three months of weakening

South Korea's consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than

South Korea inflation ticks up in July after three months of weakening
Asia|Economy

China needs more than 'incremental' consumer stimulus longer term

China's efforts to boost household spending are expected to help the economy hit the government's 2024 growth target of roughly 5%, but the authorities may have to do more for

China needs more than 'incremental' consumer stimulus longer term
Business|Economy

Workers at BHP's Escondida mine in Chile reject contract offer, union says

Workers at BHP's Escondida, the world's largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the union said

Workers at BHP's Escondida mine in Chile reject contract offer, union says

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