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

Latest From Reuters

Business|Economy

Hungarian banks hit back at tax plans for 'defence fund'

Hungarian banks said on Tuesday that measures requiring them to contribute to a "defence fund" would damage their ability to lend, rejecting government allegations that they had

Hungarian banks hit back at tax plans for 'defence fund'
Business|Economy

Anglo American hires banks for coal assets sale, sources say

Anglo American has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off an

Anglo American hires banks for coal assets sale, sources say
Business|Economy

US small business sentiment rises to six-month high in June

U.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise compensation for

US small business sentiment rises to six-month high in June
Economy

ECB can continue to gradually lower rates, Panetta says

The European Central Bank can continue to gradually reduce interest rates without jeopardising a current fall in inflation, governing council member Fabio Panetta said on Tuesday.

ECB can continue to gradually lower rates, Panetta says
Economy

Russian budget deficit stays flat in June as non-energy revenues rise

Russia's budget deficit remained flat at 0.5% of gross domestic product (GDP) in June, the same as in May, as growth in non-oil and gas revenues offset spending, the finance

Russian budget deficit stays flat in June as non-energy revenues rise
Business|Economy

Thai central bank head says 3% potential growth rate not high enough

Thailand needs stronger economic growth as the current potential growth rate of about 3% is not high enough to help the economy expand sustainably in the long term, the central bank

Thai central bank head says 3% potential growth rate not high enough
Business|Economy

German insolvencies higher than expected in H1, reports Handelsblatt

The number of medium-sized and large companies in Germany that went insolvent in the first half of this year was up 41% compared with the same period last year, the Handelsblatt

German insolvencies higher than expected in H1, reports Handelsblatt
Business|Economy

German metalworkers' union reaffirms 7% pay rise demand

Germany's largest industrial union has confirmed a demand for 7% higher wages, previously recommended by its leadership for this year's collective bargaining round, a key

German metalworkers' union reaffirms 7% pay rise demand
Business|Economy|Environment

Singapore's Temasek doesn't rule out high-carbon investments on road to net zero

Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday

Singapore's Temasek doesn't rule out high-carbon investments on road to net zero
Economy

China's June new yuan loans seen surging on supportive policy: Reuters poll

China's new yuan loans likely more than doubled in June from May, a Reuters poll showed on Tuesday, as the central bank kept up policy support for the economy amid a shaky recovery

China's June new yuan loans seen surging on supportive policy: Reuters poll
Business|Economy

China's Guangzhou R&F Properties faces liquidation petition in Hong Kong

Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-

China's Guangzhou R&F Properties faces liquidation petition in Hong Kong
Business|Economy

Honda to end vehicle production at one of its Thai auto plants

(This July 9 story has been officially corrected to remove reference to Honda having no current plans to make new investments in Thailand at company's request and replaces

Honda to end vehicle production at one of its Thai auto plants
Business|Economy

CICC executive sees strategic opportunities for Chinese clients in Vietnam

China International Capital Corp is seeing more strategic opportunities for Chinese corporate clients in Vietnam, the bank's head of Southeast Asia and Singapore CEO Stephen Ng

CICC executive sees strategic opportunities for Chinese clients in Vietnam
Business|Economy

Australia business conditions worsen in June, job outlook dims, survey shows

Australian business conditions worsened in June with the outlook for employment taking a notable hit, a survey showed on Tuesday, though firms were a little more confident as cost

Australia business conditions worsen in June, job outlook dims, survey shows
Business|Economy

Bank of Korea will consider trade-offs for monetary policy, governor says

South Korea's central bank will consider trade-offs among the recent disinflation trend, growth and financial stability for future monetary policy operations, its governor said on

Bank of Korea will consider trade-offs for monetary policy, governor says
Business|Economy

Sri Lanka to wrap up bond talks soon, seek to balance India and China ties

Sri Lanka will wrap up talks with international bondholders on restructuring $12.5 billion in debt within a few weeks, Foreign Minister Ali

Sri Lanka to wrap up bond talks soon, seek to balance India and China ties
Business|Economy

Pakistan stock exchange resumes operations after fire halted trade

The Pakistan Stock Exchange (PSX) resumed trading on Monday after a two-hour suspension due to a fire in the bourse's Karachi headquarters.

Pakistan stock exchange resumes operations after fire halted trade
Business|Economy

Hyundai Motor, South Korea union reach tentative wage deal, says union

Hyundai Motor Co reached a tentative wage agreement with its South Korean labour union on Monday, a union official said, potentially avoiding a strike in the carmaker's biggest

Hyundai Motor, South Korea union reach tentative wage deal, says union
Business|Economy|Environment

Panama Canal expects new water reservoir for ship crossings in 6 years

The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that will help ensure the passage of 36 ships a day, the

Panama Canal expects new water reservoir for ship crossings in 6 years
Economy

Australia consumers gloomy on rates, tax relief yet to be felt

Australian consumer sentiment fell in July as fears about a possible rise in borrowing costs overshadowed the prospect of lower taxes and government relief on power bills, a survey

Australia consumers gloomy on rates, tax relief yet to be felt
Business|Economy

Australia auto parts retailer Bapcor rejects Bain Capital's $1.2 billion bid

Australian auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital

Australia auto parts retailer Bapcor rejects Bain Capital's $1.2 billion bid
Business|Economy

Wall Street regulator to start over on 'swing pricing' rules for open-end funds

Wall Street's top regulator plans to redraft a proposal for "swing pricing" regulations on how so-called open-end investment funds should manage liquidity, which had faced industry

Wall Street regulator to start over on 'swing pricing' rules for open-end funds
Business|Economy|Environment

Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO

Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating.

Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO
Business|Economy

Citi to cease operations in Haiti after 50 years

Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the

Citi to cease operations in Haiti after 50 years
Economy

Egypt's inflation seen declining for fourth month in June, Reuters poll shows

Inflation in Egypt is forecast to have extended a slowdown for a fourth month in June, maintaining a downward trajectory that most analysts expect to last for the rest of the year at

Egypt's inflation seen declining for fourth month in June, Reuters poll shows

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