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

Latest From Reuters

Asia|Economy

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years

Singapore's key consumer price gauge rose 2.9% in June from a year earlier, lower than economists' forecasts and the lowest reading since March 2022, official data showed on

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years
Asia|Economy

China adds 6.98 million urban new jobs in first half of year

China said on Tuesday that it added 6.98 million urban new jobs in the first half of the year, according to the human resources ministry.

China adds 6.98 million urban new jobs in first half of year
Asia|Economy|Finance

China's loan collateral tweak will ease 'asset famine', state media says

China's central bank's decision to lower the collateral requirement for medium-term loans will alleviate the "asset famine" pressure on the bond market, state media reported on

China's loan collateral tweak will ease 'asset famine', state media says
Business|Economy|Finance

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase

Regional lender New York Community Bancorp said on Monday it had closed the sale of about $5.9 billion in mortgage warehouse loans to Wall Street giant JPMorgan Chase.

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase
Asia|Business|Economy

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices

Lynas Rare Earths posted a drop in quarterly revenue on Tuesday, hit by production decline at its Kalgoorlie facility in Western Australia and lower underlying prices,

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices
Economy|Finance

Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury

– Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S.

Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury
Business|Economy|Finance

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million

Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million
Economy|Europe

Bundesbank flags risks to bringing down inflation

Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate

Bundesbank flags risks to bringing down inflation
Business|Economy

flydubai says expansion plans hindered by Boeing delays

Budget carrier flydubai's fleet expansion plans have been hit by delays to Boeing's aircraft delivery schedule, the Dubai airline said on Monday.

flydubai says expansion plans hindered by Boeing delays
Economy|Finance

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says

The sharp jump in derivative trading by Indian retail investors is likely driven by a "gambling instinct", a finance ministry report said on Monday, cautioning that any sharp

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says
Economy|Finance

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal

Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt.

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal
Americas|Economy|Finance

US opens probe into 150,000 Stellantis vehicles over loss of motive power

The U.S.

US opens probe into 150,000 Stellantis vehicles over loss of motive power
Economy|Europe|Finance

ECB's Kazimir opens door to two more rate cuts

European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

ECB's Kazimir opens door to two more rate cuts
Economy|Finance

China's fiscal revenue shrinks 2.8% on year in first half

China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged

China's fiscal revenue shrinks 2.8% on year in first half
Asia|Business|Economy

Indian economic adviser backs more Chinese direct investment in annual report

India's annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased

Indian economic adviser backs more Chinese direct investment in annual report
Asia|Economy|Finance

China's revenue from government land sales down 18.3% year on year

China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday.

China's revenue from government land sales down 18.3% year on year
Economy|Finance

India's inflation targeting framework must be re-examined, government report says

India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24

India's inflation targeting framework must be re-examined, government report says
Asia|Economy

China to allow delayed retirement to combat population woes

China will gradually raise its statutory retirement age, now among the world's lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension

China to allow delayed retirement to combat population woes
Africa|Business|Economy

Amplats says on track to demerge in 2025, plans secondary London listing

South Africa's Anglo American Platinum (Amplats) expects its demerger from parent company Anglo American to be completed next year and is planning a secondary listing in London

Amplats says on track to demerge in 2025, plans secondary London listing
Economy|Finance

Oil market likely to be in surplus next year, Morgan Stanley says

The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.

Oil market likely to be in surplus next year, Morgan Stanley says
Economy|Europe|Finance

Wall Street in measured mood as Biden bows out

A look at the day ahead in European and global markets from Wayne Cole.

Wall Street in measured mood as Biden bows out
Asia|Business|Economy|Stock Markets

India's Wipro tanks after Q1 results flag growth concerns

Wipro's shares dropped the most in over four years on Monday morning as investors punished India's no.

India's Wipro tanks after Q1 results flag growth concerns
Asia|Economy|Finance

China cuts short and long-term rates

China cut short and long-term rates by 10 basis points on Monday, with the central bank saying it was aiming to support growth.

China cuts short and long-term rates
Economy|Finance

China lowers lending benchmarks after PBOC's surprise rate cut

China cut benchmark lending rates at a monthly fixing on Monday, after the central bank surprised the markets by lowering a key short-term policy rate earlier in the session.

China lowers lending benchmarks after PBOC's surprise rate cut
Asia|Economy|Finance

China cuts several major interest rates to support fragile economy

China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signalling intent to boost growth in the

China cuts several major interest rates to support fragile economy

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