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

Latest From Reuters

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
Economy|Finance

S&P 500 e-minis edge up after Biden pulls out of US presidential race

S&P 500 e-mini futures were up slightly late on Sunday after U.S.

S&P 500 e-minis edge up after Biden pulls out of US presidential race
Business|Economy|Finance

US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal

U.S.-based private equity firm Stonepeak said it would buy New Zealand's Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider's shares up nearly

US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal
Business|Economy|Finance

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports

A top U.S. bank regulator's confidential assessments found 11 of the 22 large banks it supervises have "insufficient" or "weak" management of a broad swath of risks ranging from

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
Asia|Business|Economy

Long-awaited Chinese policy update presents no major shift

China released a policy document on Sunday, outlining known ambitions, from developing advanced industries to improving the business environment, with analysts spotting no sign of

Long-awaited Chinese policy update presents no major shift
Americas|Business|Economy|Environment

Ecuador and Chilean subsidiary ENAP renegotiate oil agreement

Ecuador and a subsidiary of Chile's state-owned oil company ENAP renegotiated an existing agreement for the exploitation of an oil block in the Ecuadorian Amazon, with an additional

Ecuador and Chilean subsidiary ENAP renegotiate oil agreement
Economy|Europe

Russia hikes import tariffs for consumer goods from 'unfriendly countries'

Russia increased imports tariffs for consumer goods, including wine, beer, candies, biscuits and shampoo, produced in countries that support sanctions against Moscow, according to a

Russia hikes import tariffs for consumer goods from 'unfriendly countries'
Business|Economy|Finance

Berkshire sells around $1.48 billion Bank of America shares, filing shows

Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.

Berkshire sells around $1.48 billion Bank of America shares, filing shows
Business|Economy|Finance

Binance.US gets federal judge nod to invest customer assets in Treasury bills

Cryptocurrency exchange Binance's U.S. affiliate on Friday received approval from a federal judge to invest certain customer assets in U.S. Treasury bills.

Binance.US gets federal judge nod to invest customer assets in Treasury bills
Economy|Europe

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows

Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank's 2% target by 2026%, an ECB survey showed on Friday.

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows
Business|Economy|Finance

Activist investor Elliott builds sizeable stake in Starbucks, say sources

Activist investor Elliott Investment Management has built a sizable position in Starbucks and has been discussing ways of improving the coffee chain's stock

Activist investor Elliott builds sizeable stake in Starbucks, say sources
Economy|Finance

Brazil secures deal for G20 consensus documents ahead of Rio meetings, official says

Brazil has reached agreement for consensus documents to be approved at the G20 finance meetings scheduled for next week in Rio de Janeiro, Mauricio Lyrio, Brazil's ambassador at

Brazil secures deal for G20 consensus documents ahead of Rio meetings, official says
Business|Economy|Entertainment

India theatre chain PVR Inox's loss doubles as Bollywood movies flop

PVR Inox, India's largest multiplex operator, reported a first-quarter loss that more than doubled on Friday due to fewer big-budget Bollywood releases and weak box office

India theatre chain PVR Inox's loss doubles as Bollywood movies flop
Business|Economy|Europe|Finance

UK clears Nationwide Building's $3.75 billion Virgin Money deal

Britain's competition regulator said on Friday it has cleared Nationwide Building Society's proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy Virgin Money UK.

UK clears Nationwide Building's $3.75 billion Virgin Money deal
Americas|Business|Economy

Colombia's Ecopetrol in talks to buy $3.6 billion CrownRock stake from Occidental

Colombia's Ecopetrol is in talks with U.S. oil producer Occidental Petroleum to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6

Colombia's Ecopetrol in talks to buy $3.6 billion CrownRock stake from Occidental
Business|Economy|Finance

India's Reliance misses profit estimates on weak fuel sales margin

Reliance Industries, India's most valuable company, reported first-quarter profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.

India's Reliance misses profit estimates on weak fuel sales margin
Business|Economy|Europe

EU to set tariffs on Chinese biodiesel in anti-dumping probe

The European Union is set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices, in the latest in a string of trade

EU to set tariffs on Chinese biodiesel in anti-dumping probe
Economy|Finance|Stock Markets

US equity funds attract big inflows in week to July 17

U.S. equity funds attracted big inflows in the seven days to July 17, driven by expectations of a U.S. interest rate cut amid cooling consumer prices and robust corporate earnings.

US equity funds attract big inflows in week to July 17
Economy|Europe

Hungary says Ukraine halting Lukoil oil transit a threat to long-term supply

Ukraine's decision to halt the transit of oil from Russia's Lukoil threatens the long-term security of supply for Slovakia and Hungary, Hungary's Foreign Minister Peter Szijjarto

Hungary says Ukraine halting Lukoil oil transit a threat to long-term supply
Economy|Finance

Global equity funds draw fourth weekly inflow amid rate cut bets

Global equity funds attracted inflows for a fourth successive week in the seven days to July 17, spurred by expectations of a Federal Reserve rate cut after recent data showed cooling

Global equity funds draw fourth weekly inflow amid rate cut bets
Economy|Europe|Finance|MidEast

Fearing Palestinian Authority collapse, EU promises $435 million in aid

The European Commission said on Friday it would provide the Palestinian Authority with 400 million euros ($435.5 million) in emergency financial support in the coming two months amid

Fearing Palestinian Authority collapse, EU promises $435 million in aid

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