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

Latest From Reuters

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
Economy|Europe

ECB's Stournaras raises risk of too low inflation, Platow reports

A weak euro zone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker Yannis Stournaras said in an interview published on Thursday, reaffirming

ECB's Stournaras raises risk of too low inflation, Platow reports
Business|Economy|Europe

Ferrari lifts forecasts on pricier models and personal touches

Pricier models such as the Daytona SP3 and growing demand from buyers for personal touches helped Ferrari beat second-quarter results forecasts on Thursday and

Ferrari lifts forecasts on pricier models and personal touches
Business|Economy|Finance

Hershey trims annual forecasts as higher prices dent demand

Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT?

Hershey trims annual forecasts as higher prices dent demand
Economy|Finance

Bank of England cuts rates from 16-year high

The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently

Bank of England cuts rates from 16-year high
Business|Economy|Finance|Stock Markets

NYSE-parent ICE beats profit views, helped by boost in energy trading

Intercontinental Exchange on Thursday reported a quarterly profit rise of 9% that topped analyst estimates, helped by robust trading in energy markets.

NYSE-parent ICE beats profit views, helped by boost in energy trading
Business|Economy|Finance

Ball Corp's second-quarter profit beats as cost savings pay off

Ball Corp reported a second-quarter profit on Thursday that beat analysts' estimates as the beer can maker benefited from cost-reduction plans and lower input costs.

Ball Corp's second-quarter profit beats as cost savings pay off
Business|Economy|Finance|Stock Markets

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024

U.S. oil and gas producer ConocoPhillips' second-quarter profit beat Wall Street estimates on Thursday, benefiting from higher output and commodity prices.

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024
Business|Economy|Finance

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers

Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an "intense competitive battle" for the price-sensitive leisure

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers
Business|Economy|Finance

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes

HF Sinclair reported a quarterly profit on Thursday that beat analysts' estimates as it processed higher volumes of crude oil and on strength at its lubricants and midstream units, all of

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes
Asia|Economy

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector

Hong Kong's June retail sales fell 9.7% from a year earlier, government data showed on Thursday, reflecting the changing consumption patterns of visitors and residents and the

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector
Asia|Business|Economy

China developer returns buyers' deposits for unfinished homes, local media says

A Chinese property developer is giving back homebuyers the deposit they paid for apartments in a project it was unable to finish as part of a housing return programme coordinated

China developer returns buyers' deposits for unfinished homes, local media says
Economy|Finance|Stock Markets

Fed nods to cut, chips rebound, BoE up next

A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve left Wall Street with little doubt about a first U.S. interest rate cut in seven weeks' time, but multiple cross-

Fed nods to cut, chips rebound, BoE up next
Asia|Business|Economy|Finance

China securities official expected to lead Shenzhen stock exchange, say sources

China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven

China securities official expected to lead Shenzhen stock exchange, say sources
Economy|Europe

Euro zone factory activity stuck in a rut, July PMI shows

Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which

Euro zone factory activity stuck in a rut, July PMI shows
Business|Economy

Italian manufacturing eases downturn in July, PMI shows

Italian manufacturing activity contracted for a fourth month running in July but at a slower pace than the month before, a survey showed on Thursday, with both output and new orders

Italian manufacturing eases downturn in July, PMI shows
Business|Economy|Europe

European shares slide more than 1% as bank stocks crumble

Europe's STOXX 600 closed more than 1% lower on Thursday, with banks leading the sell-off after Societe Generale cut a key target for its French

European shares slide more than 1% as bank stocks crumble
Asia|Economy

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register

The Thai government's vaunted policy of giving away 10,000 baht ($282) to most of its population had an early setback on Thursday when millions rushed to sign up on the opening day

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register
Economy|Europe

Spanish manufacturing expansion slows down in July, PMI shows

Spanish manufacturing activity grew for a fifth consecutive month in July though at a slower pace than the previous month as demand was weaker, a survey showed on Thursday.

Spanish manufacturing expansion slows down in July, PMI shows
Business|Economy

UK house prices rise by most since Dec 2022, Nationwide data shows

British house prices were 2.1% higher than a year earlier in July, the biggest annual increase since December 2022, although they are still below peaks reached

UK house prices rise by most since Dec 2022, Nationwide data shows
Asia|Economy|Finance

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Economy|Europe|Finance

Markets bet on beneficent BoE

A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17

Markets bet on beneficent BoE
Asia|Economy

Japan's July factory activity slips on weak demand, PMI shows

Japan's factory activity shrank modestly in July on tepid domestic and overseas demand and increased inflationary pressures, a private-sector survey showed on Thursday.

Japan's July factory activity slips on weak demand, PMI shows
Asia|Business|Economy

South Korea July export growth fastest in 6 months on solid chip demand

South Korea's exports rose at the fastest pace in six months in July on strong chip sales but missed market expectations, trade data showed on Thursday, amid worries

South Korea July export growth fastest in 6 months on solid chip demand
Economy

Irish manufacturing ekes out growth for just second time this year, PMI shows

Ireland's manufacturing sector eked out growth for just the second time in eight months in July, bouncing back after contracting at the fastest pace in a year a month earlier, a

Irish manufacturing ekes out growth for just second time this year, PMI shows

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