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

Latest From Reuters

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
Economy|Finance|Stock Markets

Wall Street 'fear gauge' jumps to three-month high as stocks resume slide

Wall Street's most watched gauge of investor anxiety jumped to a more than three-month high on Thursday as U.S. stocks fell sharply after a round of data on Thursday spurred

Wall Street 'fear gauge' jumps to three-month high as stocks resume slide
Business|Economy|Finance

Prudential Financial's adjusted Q2 profit rises on US unit strength

Insurer Prudential Financial reported a rise in second-quarter adjusted profit on Thursday, as its U.S. unit was boosted by stronger underwriting and higher investment returns.

Prudential Financial's adjusted Q2 profit rises on US unit strength
Americas|Business|Economy

MercadoLibre's profit more than doubles in second quarter, beats estimates

Latin America e-commerce giant MercadoLibre said on Thursday its net profit more than doubled in the second quarter from a year earlier, beating analysts' estimates with Brazil's

MercadoLibre's profit more than doubles in second quarter, beats estimates
Business|Economy|Finance

MP Materials loss steeper than expected on low rare earths prices

U.S. rare earths producer MP Materials on Thursday reported a steeper-than-expected second-quarter loss due to falling prices for the strategic minerals and operational challenges, although

MP Materials loss steeper than expected on low rare earths prices
Business|Economy|Finance|Stock Markets

Coterra Energy misses profit estimates on weak natural gas prices

U.S. oil and gas producer Coterra Energy missed analysts' estimates for second-quarter profit on Thursday, hurt by subdued natural gas prices.

Coterra Energy misses profit estimates on weak natural gas prices
Business|Economy|Finance

Block lifts core earnings forecast on consumer spending strength

Payments firm Block raised its forecast for annual adjusted core earnings on Thursday and unveiled a $3 billion buyback plan, betting on resilient consumer spending

Block lifts core earnings forecast on consumer spending strength
Business|Economy|Finance

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs

Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
Economy|Finance

Canada's capital gains tax target falls short by C$2 billion, says budget officer

Canadian federal government's target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on

Canada's capital gains tax target falls short by C$2 billion, says budget officer
Economy|Finance|Stock Markets

Wall Street slides after weak data kills early rally

The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred

Wall Street slides after weak data kills early rally
Americas|Economy|Election

Venezuela's oil industry operating normally amid election protests

Venezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests and international

Venezuela's oil industry operating normally amid election protests
Business|Economy

Law firm Skadden hires Gonzalez-Sussman from Olshan

Law firm Skadden on Thursday said it hired a veteran attorney to head its shareholder engagement and activism practice at a time more investors are pushing corporations to change

Law firm Skadden hires Gonzalez-Sussman from Olshan
Americas|Business|Economy

Hess shares fall most in 20 months on lengthy new delay to Chevron sale

Shares in U.S. oil producer Hess suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron An

Hess shares fall most in 20 months on lengthy new delay to Chevron sale
Economy|Finance

German finance ministry advisory board doubtful about efforts to reduce budget gap

The advisory board to the German Finance Ministry sees the three options under consideration to reduce a 17 billion euro ($18 billion) budget shortfall as

German finance ministry advisory board doubtful about efforts to reduce budget gap
Business|Economy|Europe|Finance

UK firms scale back expected wage growth, BoE survey shows

British businesses' expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England

UK firms scale back expected wage growth, BoE survey shows
Business|Economy|Finance|Stock Markets

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up

Cummins raises full-year outlook as demand picks up steam
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Economy|Europe

EU seeking feedback on draft antitrust guidelines on exclusionary abuses

The European Commission said on Thursday it had launched a public consultation inviting all interested parties to comment on draft guidelines on exclusionary abuses of dominance,

EU seeking feedback on draft antitrust guidelines on exclusionary abuses
Business|Economy

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports

Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks as part of a settlement that would allow CEO Laxman Narasimhan to keep his position,

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports
Business|Economy|Finance

Dominion Energy posts fall in second-quarter profit on higher expenses

Dominion Energy posted a fall in second-quarter profit on Thursday, as higher interest and maintenance costs weighed on the electric utility.

Dominion Energy posts fall in second-quarter profit on higher expenses
Business|Economy

US navy shipbuilder Huntington Ingalls beats second-quarter estimates

Huntington Ingalls on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and

US navy shipbuilder Huntington Ingalls beats second-quarter estimates
Business|Economy

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake

Occidental Petroleum said on Thursday that Colombia's Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake

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