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

Latest From Reuters

Economy|Finance

Fed's Schmid says he's more confident inflation heading to 2% goal

Kansas City Federal Reserve Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday that recent "encouraging" data gives him more confidence

Fed's Schmid says he's more confident inflation heading to 2% goal
Americas|Economy

Mexico headline inflation hits highest level in more than a year

Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data

Mexico headline inflation hits highest level in more than a year
Business|Economy|Europe|Finance

Allianz CEO warns that high public debt is "really scary"

Germany's Allianz, one of Europe's biggest financial firms and investors, warned on Thursday about high public debt levels and the risk of sovereign bonds.

Allianz CEO warns that high public debt is "really scary"
Business|Economy

Euronav flags US politics, China economy as risks to shipping momentum

Euronav expects a rise global sea trade this year driven by the rerouting of Red Sea shipping though a change in the U.S. presidency and a slowdown in China's economy are risk factors, the

Euronav flags US politics, China economy as risks to shipping momentum
Business|Economy|Finance

Japan closely watching stock moves but is not in a phase of action, finance minister says

Japanese authorities are closely watching stock market developments but are not in a phase of taking specific actions, Finance Minister Shunichi Suzuki said on Thursday, as volatility

Japan closely watching stock moves but is not in a phase of action, finance minister says
Business|Economy|Finance

Occidental Petroleum beats second-quarter profit estimates on higher production

Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit by 34%, in the first results since it closed the $12 billion

Occidental Petroleum beats second-quarter profit estimates on higher production
Economy

Canada's Ivey PMI shows activity expanding at a slower pace in July

Canadian economic activity expanded at a slower pace in July as a measure of inflation fell to a four-month low, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

Canada's Ivey PMI shows activity expanding at a slower pace in July
Business|Economy|Finance|Stock Markets

Japan's top currency diplomat says monitoring markets with sense of urgency

The Japanese government is closely monitoring stock and currency markets and cooperating with the central bank and other countries, Japan's top currency diplomat Atsushi Mimura said

Japan's top currency diplomat says monitoring markets with sense of urgency
Business|Economy|Finance

ABN Amro raises full-year net interest income outlook on higher rates

ABN Amro's shares rose 5% on Wednesday as the Dutch bank raised its forecast for full-year net interest income to 6.4 billion euros ($6.98 billion)

ABN Amro raises full-year net interest income outlook on higher rates
Business|Economy|Finance

China Evergrande's liquidators initiate legal action against PwC, FT reports

Liquidators of troubled property giant China Evergrande Group have started legal action against PricewaterhouseCoopers, accusing it of "negligence" and "misrepresentation" in its work for

China Evergrande's liquidators initiate legal action against PwC, FT reports
Economy|Finance

Panama govt opens door for financing for up to $9 billion

Panama's government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama's council of ministers said in a statement.

Panama govt opens door for financing for up to $9 billion
Economy|Finance

IMF reports progress in El Salvador talks, flags Bitcoin risks

The International Monetary Fund (IMF) on Tuesday said progress had been made in negotiations with El Salvador toward a fund-supported program with the Central American nation, though issues

IMF reports progress in El Salvador talks, flags Bitcoin risks
Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
Americas|Economy

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll

Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Business|Economy|Finance

Unwind of massive yen-funded carry has room to go, analysts say

An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on Tuesday.

Unwind of massive yen-funded carry has room to go, analysts say
Business|Economy|Finance

Utility Sempra misses second-quarter profit, revenue estimates

Sempra missed Wall Street estimates for second-quarter profit and revenue on Tuesday, as weakness in its California segment weighed on the electric and gas utility,

Utility Sempra misses second-quarter profit, revenue estimates
Economy|Finance

Brazil central bank will raise rates if needed, minutes show

Brazil's central bank won't hesitate to raise interest rates if necessary to bring inflation down to its target, minutes from its July 30-31 policy meeting

Brazil central bank will raise rates if needed, minutes show
Business|Economy

Taco Bell still 'crown jewel' for Yum even as boycotts, KFC weakness weigh

Yum Brands beat expectations for second-quarter profit as strength in the U.S.

Taco Bell still 'crown jewel' for Yum even as boycotts, KFC weakness weigh
Economy|Europe

Irish unemployment rises to two-and-a-half year high of 4.7%

Ireland's unemployment rate hit its highest rate in two-and-a-half years in July, rising to 4.7% from an upwardly revised 4.5% a month earlier, Central Statistics Office data showed

Irish unemployment rises to two-and-a-half year high of 4.7%
Business|Economy|Finance

Australia's RBA rules out rate cuts in near-term

The head of Australia's central bank on Tuesday ruled out rate cuts in the near term, saying policy had to remain restrictive to bring stubborn core inflation to heel.

Australia's RBA rules out rate cuts in near-term
Business|Economy|Finance

Australia central bank rules out near-term rate cut on inflation risks

Australia's central bank on Tuesday ruled out the possibility of an interest rate cut this year, saying core inflation is expected to come down only slowly, after it held interest

Australia central bank rules out near-term rate cut on inflation risks
Business|Economy|Finance

China stocks struggle to rebound after global markets slump

China stocks struggled to rise on Tuesday despite the rebound in regional markets as investors remained concerned about its lagging economic recovery.

China stocks struggle to rebound after global markets slump
Asia|Business|Economy|Finance

Japan seeks to calm market's nerves after stock price fluctuations

Japanese leaders rushed on Tuesday to assuage concerns about the sharp swings in the country's financial markets, with the prime minister

Japan seeks to calm market's nerves after stock price fluctuations
Americas|Business|Economy

LATAM Airlines to invest $2 billion in Brazil over 2 years

LATAM Airlines on Monday said that it would invest $2 billion in Brazil, Latin America's largest economy, within the next two years.

LATAM Airlines to invest $2 billion in Brazil over 2 years
Asia|Economy|Finance

Japan's June real wages rise for first time in nearly two years

Japan's inflation-adjusted real wages rose in June for the first time in more than two years as nominal pay gained at the fastest pace in nearly

Japan's June real wages rise for first time in nearly two years

Follow