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

Latest From Reuters

Economy

Tokyo's art of intervention

A look at the day ahead in European and global markets from Rae Wee Traders in Europe will be waking up to a nervy currency market on Friday - no doubt caused by the yen, as volatile moves in the

Tokyo's art of intervention
Business|Economy

China's June imports of crude oil, unwrought copper drop y/y

China's imports of soybeans, coal and iron ore rose in June from a year earlier, while those of crude oil, unwrought copper and rare earths slipped, customs data showed on Friday.

China's June imports of crude oil, unwrought copper drop y/y
Business|Economy

Australia's ANZ to probe allegations of inflated bond trades, CEO tells staff

Australia's ANZ Group plans to "get to the bottom" of allegations of misconduct that have been raised against its bond trading operations and will hold

Australia's ANZ to probe allegations of inflated bond trades, CEO tells staff
Economy|Environment

Natural disasters cost China $13 billion in January-June

Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million

Natural disasters cost China $13 billion in January-June
Business|Economy

Yen rallies: CPI short squeeze or intervention?

A look at the day ahead in Asian markets. Did they or didn't they?

Yen rallies: CPI short squeeze or intervention?
Business|Economy

Boeing nearing deal to sell 777X jets to Korean Air, sources say

Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow,

Boeing nearing deal to sell 777X jets to Korean Air, sources say
Business|Economy

Cuba ratchets up pressure on private business as economic crisis deepens

Cuba is tightening regulations on fledgling private businesses, reining in profits and beefing up oversight as the government wrestles with how best to manage fast-growing private

Cuba ratchets up pressure on private business as economic crisis deepens
Economy

Instant view: Japanese yen surges, ringing intervention alarm bells

The Japanese yen surged nearly 3% on Thursday in its biggest daily rise since late 2022, a move that local media attributed to a round of official buying to prop up a currency that has

Instant view: Japanese yen surges, ringing intervention alarm bells
Economy

Japanese yen surges, ringing intervention alarm bells

The Japanese yen surged nearly 3% on Thursday in its biggest daily rise since late 2022, a move that local media attributed to a round of official buying to prop up a currency that

Japanese yen surges, ringing intervention alarm bells
Business|Economy|Environment

Damage from Hurricane Beryl may cost insurers $2.7 billion in US, KCC says

Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday.

Damage from Hurricane Beryl may cost insurers $2.7 billion in US, KCC says
Business|Economy

Indonesia considers changing rules on micro loans

Indonesia is reviewing rules in a government programme to subsidise micro loans, a senior minister said on Thursday, after the country's banking regulator signalled it would turn

Indonesia considers changing rules on micro loans
Economy

CPI caution seems no barrier, sterling surges

A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then

CPI caution seems no barrier, sterling surges
Business|Economy

Grab's deal to buy Trans-cab could reduce competition, Singapore regulator says

Singapore's competition watchdog asked ride-hailing firm Grab and Trans-cab for solutions to address competition concerns following a deal last year to buy the taxi operator.

Grab's deal to buy Trans-cab could reduce competition, Singapore regulator says
Business|Economy

Japanese stocks log biggest weekly foreign inflow in nearly six months

Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the second half

Japanese stocks log biggest weekly foreign inflow in nearly six months
Business|Economy

Half of German manufacturers expect revenue growth only in 2025, VDMA reports

More than half of German manufacturers consider an upturn in nominal revenue as realistic only next year after taking a more pessimistic outlook for 2024, a survey by the VDMA

Half of German manufacturers expect revenue growth only in 2025, VDMA reports
Business|Economy

BHP to suspend Western Australia nickel operations

Australia's BHP Group will temporarily suspend its Nickel West operations and West Musgrave project from October, the miner said on Thursday, as it reels from a plunge in metal

BHP to suspend Western Australia nickel operations
Economy

German inflation confirmed at 2.5% in June

German inflation eased in June to 2.5%, the federal statistics office said on Thursday, confirming preliminary data.

German inflation confirmed at 2.5% in June
Business|Economy

Why does China's central bank have a new cash management tool?

China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open

Why does China's central bank have a new cash management tool?
Economy

Why has Japan not intervened yet to support yen?

The yen has been sliding to fresh 38-year lows day by day, with market participants on alert for Japanese authorities to step in again, as they did in March, to defend the

Why has Japan not intervened yet to support yen?
Economy

Cook says Fed would respond if unemployment starts to rise more quickly

The Federal Reserve is closely watching changes in the unemployment rate and would respond if it starts a quick climb, Fed Governor Lisa Cook said on Wednesday.

Cook says Fed would respond if unemployment starts to rise more quickly
Business|Economy

London leads Europe on new FDI while much of UK sees drop, survey shows

London overtook Paris last year as Europe's top region for new foreign direct investment but many other UK areas saw FDI fall, according to data that underscores the challenge

London leads Europe on new FDI while much of UK sees drop, survey shows
Business|Economy

Nasdaq short interest down 1.8% in late June

Short interest on the Nasdaq fell 1.8% in the second half of June, the exchange said on Wednesday.

Nasdaq short interest down 1.8% in late June
Business|Economy

NYSE short interest fell 2.9 percent in late June

Short interest on the New York Stock Exchange fell 2.9 percent in late June, the exchange said on Wednesday.

NYSE short interest fell 2.9 percent in late June
Economy|Environment

Grid operator tells Californians to prepare for power conservation

The California Independent System Operator (ISO) on Wednesday told customers to be prepared to conserve energy as forecasts of extreme heat this week are set to raise power demand and

Grid operator tells Californians to prepare for power conservation
Business|Economy

BoE's Mann warns price pressures still strong, sees inflation rising again

Bank of England interest rate-setter Catherine Mann on Wednesday emphasised the strength of price pressures in Britain's economy, giving a clear signal she is unlikely

BoE's Mann warns price pressures still strong, sees inflation rising again

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