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

Latest From Reuters

Business|Economy

China's vice commerce ministry meets Walmart CEO McLay

China's Vice Minister of Commerce Wang Shouwen met the chief executive officer of Walmart Inc, Kathryn McLay, on Friday, the commerce ministry said in a statement.

China's vice commerce ministry meets Walmart CEO McLay
Business|Economy

Hyundai Motor's South Korea union approves wage deal, union says

Hyundai Motor and a union representing its South Korean workforce on Saturday sealed a wage deal that will boost annual pay by about 4.65%, the union said, avoiding a strike in the

Hyundai Motor's South Korea union approves wage deal, union says
Business|Economy

US banking execs weigh macroeconomic risks, Fed's interest rate path

Executives from top U.S. banks remained divided over the U.S.

US banking execs weigh macroeconomic risks, Fed's interest rate path
Economy

IMF gives Papua New Guinea access to about $125 million

The International Monetary Fund will provide Papua New Guinea with immediate access to about $125 million, the IMF said in a statement on Friday following its executive board's

IMF gives Papua New Guinea access to about $125 million
Business|Economy

U.S. DOJ probing Arbor Realty over loan practices, Bloomberg reports

Arbor Realty Trust is being probed by federal prosecutors and the Federal Bureau of Investigation in New York months after short sellers attacked the lender's practices and disclosures,

U.S. DOJ probing Arbor Realty over loan practices, Bloomberg reports
Business|Economy

Wall Street banks see investment banking improvement, with some caution

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

Wall Street banks see investment banking improvement, with some caution
Business|Economy

Bunge, Viterra offer to sell assets in 2 EU countries, sources say

U.S. grains merchant Bunge and Glencore-backed Viterra have offered to sell assets in two European Union countries in a bid to secure EU antitrust clearance for their $34 billion

Bunge, Viterra offer to sell assets in 2 EU countries, sources say
Business|Economy

China central bank to maintain yield curve, correct bond risks, state media says

China's central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks, the bank-backed Financial News reported late on Friday, citing

China central bank to maintain yield curve, correct bond risks, state media says
Business|Economy

Dow hits all-time high in broader market rally

The Dow Jones Industrial Average scaled an intraday record high on Friday, playing catch-up with two other main U.S. indexes in recent broad-based market gains.

Dow hits all-time high in broader market rally
Economy

US consumer sentiment ebbs in July; inflation expectations improve

U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday.

US consumer sentiment ebbs in July; inflation expectations improve
Economy

Yen pops higher, sparking suspicions of Japan intervention

The yen jumped briefly against the dollar on Friday, putting traders on alert for signs of fresh intervention by Japanese authorities, who likely stepped in the previous day to prop

Yen pops higher, sparking suspicions of Japan intervention
Business|Economy

US equity funds see outflows on caution ahead of earnings reports

U.S. equity funds faced their first weekly outflow in three weeks in the seven days to July 10 as caution and profit-taking took hold ahead of the new earnings season.

US equity funds see outflows on caution ahead of earnings reports
Business|Economy

Airbus launches cost cuts to 'save 2024' after output woes

Airbus has launched a programme of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after

Airbus launches cost cuts to 'save 2024' after output woes
Business|Economy

Unilever to cut a third of office jobs in Europe

Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to revive growth at the consumer goods

Unilever to cut a third of office jobs in Europe
Business|Economy

BNY beats quarterly profit estimates on investment service fee boost

BNY beat Wall Street's expectations for second-quarter profit on Friday, as strong investment service fees more than offset lower interest income, sending the world's largest custodian

BNY beats quarterly profit estimates on investment service fee boost
Business|Economy

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing

Global bond funds see hefty inflows on expectations of rate cut
Business|Economy

Wells Fargo misses interest income estimates as deposit costs bite; shares slump

Wells Fargo's second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid

Wells Fargo misses interest income estimates as deposit costs bite; shares slump
Business|Economy

Irish domestic economy grew much faster than estimated in 2023

Ireland's domestic economy last year grew much faster than initially estimated, with growth revised sharply higher to 2.6% from 0.5% and momentum continuing into the first quarter

Irish domestic economy grew much faster than estimated in 2023
Business|Economy

Disinflation, rotation and a bruised dollar

A look at the day ahead in U.S. and global markets from Mike Dolan A violent rotation from Big Tech into small cap stocks followed the surprisingly benign June U.S. inflation report, while

Disinflation, rotation and a bruised dollar
Business|Economy

China's June exports to Russia rise more quickly than in previous month

China's yuan-denominated exports to Russia grew 4.76% in June from a year earlier, faster than the 0.92% pace in May, but still much slower than double-digit export growth at the

China's June exports to Russia rise more quickly than in previous month
Business|Economy

China's June exports to Russia rise more quickly than in previous month

China's yuan-denominated exports to Russia grew 4.76% in June from a year earlier, faster than the 0.92% pace in May, but still much slower than double-digit export growth at the

China's June exports to Russia rise more quickly than in previous month
Economy

French final June inflation confirmed at +2.5%

Consumer prices in France rose 2.5% year-on-year in June, statistics office INSEE said on Friday, confirming its preliminary reading published in late June.

French final June inflation confirmed at +2.5%
Business|Economy

BOJ survey shows wage growth spreading among small, medium Japanese firms

Momentum to raise wages has been spreading among small and medium firms in Japan this year, reflecting labour shortages and efforts to help employees tackle an inflationary squeeze,

BOJ survey shows wage growth spreading among small, medium Japanese firms
Business|Economy

China central bank seen holding medium-term lending rate steady Monday

China's central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans

China central bank seen holding medium-term lending rate steady Monday
Business|Economy

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

HSBC Bank on Friday raised its forecast for Vietnam's gross domestic product growth for this year to 6.5% from its previous forecast of 6.0%, after second-quarter growth beats

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

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