Today: September 29, 2024
Today: September 29, 2024

Latest From Reuters

Economy

UK shop price inflation holds at lowest since October 2021

Prices in British shops rose at the joint-slowest rate since October 2021 this month, held down by falls in the cost of non-food items as food prices continued to rise, the British

UK shop price inflation holds at lowest since October 2021
Asia|Economy

Thailand approves 17% personal income tax ceiling for returnees

Thailand's cabinet approved a personal income tax cap of 17% for Thais working overseas who return home to work, a deputy finance minister said on Tuesday, in a bid to draw back

Thailand approves 17% personal income tax ceiling for returnees
Economy|Europe|Finance

Oil slips and equities ease in pre-Fed drift

A look at the day ahead in European and global markets from Tom Westbrook Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock

Oil slips and equities ease in pre-Fed drift
Asia|Business|Economy

China's 'new productive forces' need government, market efforts: vice premier

China's Vice Premier He Lifeng stressed the need for a well-coordinated government and efficient market to develop the country's "new productive forces", state media said on

China's 'new productive forces' need government, market efforts: vice premier
Business|Economy|Finance

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion

Global miner BHP Group and Canada-listed Lundin Mining will jointly take over developer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion
Business|Economy|Europe

Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports

Britain's WPP is set to pick former BT Group chief Philip Jansen as its new chair, the Financial Times reported on Tuesday, citing people familiar with the matter.

Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports
Asia|Economy

Japan June jobless rate falls to 2.5%, job availability slips

Japan's jobless rate in June fell to 2.5% from the previous month, government data showed on Tuesday.

Japan June jobless rate falls to 2.5%, job availability slips
Business|Economy|Finance

Singapore's Temasek plans to invest up to $30 billion in US over next five years

Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such as healthcare, financial services and technology.

Singapore's Temasek plans to invest up to $30 billion in US over next five years
Americas|Economy|Finance

Colombia pitches bulked-up $130 billion government budget for next year

Colombia's government proposed on Monday a 523 trillion peso ($130 billion) 2025 budget to lawmakers for their consideration, the finance ministry said in a

Colombia pitches bulked-up $130 billion government budget for next year
Americas|Economy|Environment

Indigenous groups say Brazil plans Amazon grain train behind their backs

Indigenous people who see a threat to their ancestral lands from the construction of a railway to carry grains to a port in the Amazon on Monday pulled out of a

Indigenous groups say Brazil plans Amazon grain train behind their backs
Business|Economy|Finance

Chesapeake posts quarterly loss on output drop, lower gas prices

Natural gas producer Chesapeake Energy on Monday reported a loss for the second quarter, compared to a year-ago profit, as production declined and prices remained under pressure.

Chesapeake posts quarterly loss on output drop, lower gas prices
Business|Economy|Europe

Sacyr hires Santander and Deutsche Bank as advisers to find partner

Spanish construction firm Sacyr hired Santander and Deutsche Bank as financial advisers to find a partner for new unit Voreantis as a way to raise cash and better compete with

Sacyr hires Santander and Deutsche Bank as advisers to find partner
Business|Economy|Fashion and Beauty

Armani posts 'single digit' sales drop in first half

Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6% at constant currencies, despite a 'single-digit' slowdown in

Armani posts 'single digit' sales drop in first half
Economy|Finance

UK finance minister Rachel Reeves to hold first budget on Oct. 30

British finance minister Rachel Reeves told parliament on Monday that she would hold her first annual budget on Oct. 30, after the Labour Party won a decisive election victory on

UK finance minister Rachel Reeves to hold first budget on Oct. 30
Business|Economy

Loews CEO James Tisch to step down after 25 years

Insurance firm Loews' CEO James Tisch will step down after nearly 25 years at the helm, with his son Benjamin named the successor, the company said on Monday.

Loews CEO James Tisch to step down after 25 years
Business|Economy|Finance

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar

Investment firm Sixth Street will acquire Enstar for $5.1 billion, in a deal backed by former Treasury Secretary Steven Mnuchin and billionaire J Christopher Flowers, the insurer said on

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar
Business|Economy|Finance

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million

-U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Asia|Business|Economy

Country Garden liquidation hearing adjourned to January next year, court says

A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Country Garden until Jan. 20, 2025, giving a breather to the

Country Garden liquidation hearing adjourned to January next year, court says
Asia|Business|Economy|Finance

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units

Shares of China Evergrande New Energy Vehicle fell 7% in Monday morning trade after individual creditors of two of its units sought court approval for the units to go through

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units
Economy|Finance

Australia's banking regulator says it will not ease home lending rules

Australia's banking regulator on Monday said it would retain its strict home loan lending rules amid concern that the level of overall risk to the financial system remained elevated

Australia's banking regulator says it will not ease home lending rules
Business|Economy|Finance

US home insurers suffer biggest loss of century in 2023

U.S. home insurers suffered their worst underwriting loss this century in 2023, as a toxic mix of natural disasters, inflation and population growth in at-risk areas put a vital financial

US home insurers suffer biggest loss of century in 2023
Asia|Business|Economy

Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids

Chinese automotive glass maker Fuyao Glass Industry Group said the United States government agencies searched its subsidiary on July 26 in Ohio as part of an ongoing investigation

Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids
Economy|Europe

Being boring key to central bank success says SNB's Jordan

Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday.

Being boring key to central bank success says SNB's Jordan
Australia|Business|Economy

Australia signs $1.4 billion deal to upgrade navy submarines

Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.

Australia signs $1.4 billion deal to upgrade navy submarines
Asia|Business|Economy

China's H1 industrial profits rise 3.5% y/y

Profits at China's industrial firms rose 3.5% in the first half of 2024 compared with the same period in 2023, official data showed on Saturday.

China's H1 industrial profits rise 3.5% y/y

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