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

Latest From Reuters

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
Business|Economy

US watchdog proposes requiring help before mortgage foreclosures

The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty

US watchdog proposes requiring help before mortgage foreclosures
Business|Economy

Walmart Chile workers' union launches strike after talks fail

Walmart Chile's workers union launched a strike on Wednesday, days after negotiations for a new collective bargaining agreement failed, the union said in a statement.

Walmart Chile workers' union launches strike after talks fail
Economy

US wholesale inventories rise in May

U.S. wholesale inventories increased solidly in May, likely putting inventory investment on track to support economic growth in the second quarter.

US wholesale inventories rise in May
Business|Economy

Porsche AG shares rise after investor call

Shares in luxury carmaker Porsche AG rose 3.9% and were among the biggest gainers in Frankfurt's blue-chip DAX index on Wednesday after positive brokerage comments

Porsche AG shares rise after investor call
Business|Economy

ADM names 3M's Patolawala as its CFO amid US government investigation

Archer-Daniels-Midland named manufacturing giant 3M's Monish Patolawala as its CFO on Wednesday, as the grain trader tries to steer its way through multiple U.S. government investigations

ADM names 3M's Patolawala as its CFO amid US government investigation
Business|Economy

China announces more short-selling curbs to stabilise stocks

China's securities regulator on Wednesday announced more curbs on short-selling and pledged tighter scrutiny of computer-driven programme trading in its latest effort to bolster a

China announces more short-selling curbs to stabilise stocks
Business|Economy

Honeywell to buy Air Products' LNG unit for $1.81 billion as deal-making spree continues

Honeywell said on Wednesday it would buy Air Products' liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial

Honeywell to buy Air Products' LNG unit for $1.81 billion as deal-making spree continues
Economy

Calm markets as China skirts deflation, NZ doves coo

A look at the day ahead in U.S. and global markets from Mike Dolan Even if U.S. inflation remains too irksome for the Federal Reserve to sound the all clear, there's much less trepidation overseas.

Calm markets as China skirts deflation, NZ doves coo
Economy

Thailand has funds to finance $13.8 billion handout scheme, official says

Thailand's government has sufficient funds to finance a 500 billion baht ($13.8 billion) household handout scheme, which is on

Thailand has funds to finance $13.8 billion handout scheme, official says
Business|Economy

BMW reports lower sales in Q2

German premium carmaker BMW on Wednesday said its second-quarter sales fell by 1.3% year-on-year to 618,826 vehicles.

BMW reports lower sales in Q2
Business|Economy

BNP Paribas, Mistral AI ink partnership deal

BNP Paribas has entered into a comprehensive partnership agreement with Mistral AI, covering all its current and future commercial models, the French bank said on Tuesday.

BNP Paribas, Mistral AI ink partnership deal
Business|Economy

Yokohama Rubber in talks to buy Goodyear's off-road tyre business for at least $1 billion, Bloomberg says

Japan's Yokohama Rubber is in talks to buy Goodyear Tire & Rubber's off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday.

Yokohama Rubber in talks to buy Goodyear's off-road tyre business for at least $1 billion, Bloomberg says
Business|Economy

Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after

Turning the corner in the inflation fight
Business|Economy|Environment

Canada insurers investing in fossil fuels as climate risks grow, shareholder group says

Canada's top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for

Canada insurers investing in fossil fuels as climate risks grow, shareholder group says
Business|Economy

China June consumer inflation misses forecasts amid anaemic demand

China's consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a

China June consumer inflation misses forecasts amid anaemic demand
Business|Economy

Blackstone taps Citi veteran Tyler Dickson for a key role in credit business

Blackstone Inc has hired Tyler Dickson, the former global head of investment banking at Citigroup, to lead client relations for its credit and insurance unit, the private equity firm said

Blackstone taps Citi veteran Tyler Dickson for a key role in credit business
Business|Economy

UPS appoints insider Brian Dykes new CFO

United Parcel Service on Tuesday appointed longtime insider Brian Dykes as its new finance chief, effective immediately.

UPS appoints insider Brian Dykes new CFO
Business|Economy

Candidates to be next CEO of Brazil miner Vale recommended, newspaper says

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates,

Candidates to be next CEO of Brazil miner Vale recommended, newspaper says
Business|Economy

US watchdog to fine Fifth Third $20 million over fake accounts and auto insurance

The top U.S. watchdog for consumer financial protection said Tuesday it would fine Ohio lender Fifth Third Bank $20 million for allegedly opening fake customer accounts and forcing auto

US watchdog to fine Fifth Third $20 million over fake accounts and auto insurance
Economy

INSTANT VIEW-Fed's Powell: "More good data" will "strengthen" case for rate cut

Inflation "remains above" the U.S.

INSTANT VIEW-Fed's Powell: "More good data" will "strengthen" case for rate cut
Business|Economy

Global gold ETFs saw second month of inflows in June, says WGC

Global physically backed gold exchange traded funds (ETFs) saw the second consecutive month of inflows in June due to additions to holdings by Europe- and Asia-listed funds, the

Global gold ETFs saw second month of inflows in June, says WGC
Business|Economy

Wells Fargo hires Alexandra Barth for leveraged finance unit

Wells Fargo said on Tuesday it has named Alexandra Barth as the co-head of its leveraged finance business, beefing up the lender's ranks as it looks to expand its investment banking

Wells Fargo hires Alexandra Barth for leveraged finance unit
Business|Economy

Dyson to axe around 1,000 jobs in Britain

Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in the country, as part of a global restructuring.

Dyson to axe around 1,000 jobs in Britain
Business|Economy

Saudi Aramco returns to debt market with dollar bond sale

Saudi state oil giant Aramco made its return to the debt market on Tuesday after a three-year hiatus, joining top companies and governments in the Gulf that have tapped markets this year

Saudi Aramco returns to debt market with dollar bond sale

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