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

Latest From Reuters

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
Asia|Economy

China's industrial profits post faster gains in June despite faltering economy

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky

China's industrial profits post faster gains in June despite faltering economy
Americas|Economy|Finance

Biden will announce Supreme Court reform plans on Monday, Politico reports

U.S.

Biden will announce Supreme Court reform plans on Monday, Politico reports
Economy|Finance

Yellen says Japan explained 2022 FX intervention, Nikkei reports

U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday.

Yellen says Japan explained 2022 FX intervention, Nikkei reports
Asia|Economy

Japan touts G20 reaffirmation of forex commitments as key achievement

Japan sees the reaffirmation in the latest G20 joint communique of existing commitments against excessive foreign exchange volatility as one of the major

Japan touts G20 reaffirmation of forex commitments as key achievement
Americas|Economy|Environment

Brazil seeks support for tropical forest preservation fund

Brazil is gathering support from other countries for the creation of a fund that will send resources to nations with tropical forests in order to preserve them, Finance

Brazil seeks support for tropical forest preservation fund
Business|Economy|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Crime|Economy|Finance

The trades that could bring down short-seller Andrew Left

U.S. authorities filed criminal and civil charges against Andrew Left, a prominent face of the activist short-selling industry, alleging he had for years manipulated the market and

The trades that could bring down short-seller Andrew Left
Business|Economy

Baker Hughes sees lower North America activity; bets on foreign demand

Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in

Baker Hughes sees lower North America activity; bets on foreign demand
Economy|Europe

ECB's Schnabel still sees tough 'last mile' in inflation fight

The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member

ECB's Schnabel still sees tough 'last mile' in inflation fight
Business|Economy

Chile's Codelco says output falls 8% in first half of 2024

Chile's Codelco, the world's largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the

Chile's Codelco says output falls 8% in first half of 2024
Business|Economy|Finance

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal
Business|Economy|Finance

India's central bank fines Visa for unauthorised payment method

The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank

India's central bank fines Visa for unauthorised payment method
Economy|Finance

INSTANT VIEW: US inflation rises moderately in June

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

INSTANT VIEW: US inflation rises moderately in June
Economy|Europe

Russia's central bank governor Nabiullina on rates, economy and banks

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a press conference on Friday after the central bank raised its key rate to 18%.

Russia's central bank governor Nabiullina on rates, economy and banks
Economy|Finance|Stock Markets

Global equity funds draw fifth weekly inflow on earnings hopes

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-

Global equity funds draw fifth weekly inflow on earnings hopes
Business|Economy|Finance

Insurer Mapfre buoyed by US recovery and fewer natural disasters

Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States

Insurer Mapfre buoyed by US recovery and fewer natural disasters
Business|Economy|Finance|Stock Markets

3M shares soar as strong results highlight cost cuts, growth push

3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth

3M shares soar as strong results highlight cost cuts, growth push
Economy|Finance

Equities, bonds draw inflows in latest week, BofA report says

Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the U.S., Bank of America Global Research said, as investors brought forward expectations for

Equities, bonds draw inflows in latest week, BofA report says
Economy|Finance|Stock Markets

Stocks try to shake it off and rotate

A look at the day ahead in U.S. and global markets from Mike Dolan The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data

Stocks try to shake it off and rotate
Economy|Europe|Finance

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating

The European Bank for Reconstruction and Development's exposure to war-ravaged Ukraine does not pose a threat to its prized triple-A credit rating despite previous warnings from

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating
Economy|Europe|Finance

ECB's cyber security test shows 'room for improvement' for banks

Euro zone banks have "room for improvement" in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on

ECB's cyber security test shows 'room for improvement' for banks
Economy|Finance

Scores on the doors for Big Tech

It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants

Scores on the doors for Big Tech
Asia|Business|Economy

Thailand to offer investment incentives for makers of hybrid vehicles

Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes for

Thailand to offer investment incentives for makers of hybrid vehicles
Economy|Europe

Euro zone consumers stopped lowering inflation expectations in June

Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.

Euro zone consumers stopped lowering inflation expectations in June

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