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

Latest From Reuters

Business|Economy

Metro Bank says it is in talks on potential mortgage portfolio sale

British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds.

Metro Bank says it is in talks on potential mortgage portfolio sale
Business|Economy

Ghana gets green light for bond rework from official creditors

Ghana has cleared a key hurdle to restructure its international bonds, as its official creditors confirmed the proposed debt rework was not overly favourable to bondholders.

Ghana gets green light for bond rework from official creditors
Business|Economy

EV maker Lucid beats quarterly deliveries estimates helped by price cuts

Lucid Group reported second-quarter deliveries above market expectations on Monday, as price cuts helped boost demand for its luxury electric sedans.

EV maker Lucid beats quarterly deliveries estimates helped by price cuts
Business|Economy

Bank of England's Haskel says he wants to keep interest rates on hold

Bank of England policymaker Jonathan Haskel said on Monday that he does not want to cut interest rates from their current 16-year high as

Bank of England's Haskel says he wants to keep interest rates on hold
Business|Economy

Vista Outdoor rejects MNC's buyout offer, agrees to CSG's sweetened bid for unit

Vista Outdoor on Monday rejected investment firm MNC Capital's final buyout offer of $3.2 billion, citing that it undervalued the company, and said it had agreed to an increased bid for its

Vista Outdoor rejects MNC's buyout offer, agrees to CSG's sweetened bid for unit
Business|Economy

Stocks surfing new highs, French surprise

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French

Stocks surfing new highs, French surprise
Business|Economy

ECB's next 'open' meeting will be in Sept, Knot tells Handelsblatt

There is no case for the European Central Bank to cut interest rates this month but the September meeting will be "open" and market expectations for further easing are

ECB's next 'open' meeting will be in Sept, Knot tells Handelsblatt
Business|Economy

JPMorgan cuts forecast for emerging market corporate defaults

Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest improvement in distressed-

JPMorgan cuts forecast for emerging market corporate defaults
Business|Economy

Daimler Truck reports lower Q2 sales

German truck maker Daimler Truck reported a 15% drop in second quarter sales on Monday, pointing to a market normalization for its truck division.

Daimler Truck reports lower Q2 sales
Business|Economy

Indonesia central bank sees room for Q4 rate cut if rupiah stabilises

Indonesia's central bank governor said on Monday there could be room for an interest rate cut in the fourth quarter as the rupiah is expected to be more stable, but will focus its

Indonesia central bank sees room for Q4 rate cut if rupiah stabilises
Business|Economy

Euro zone investor morale drops, breaking streak of gains in "setback"

Investor morale in the euro zone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed on Monday, describing the results as a "

Euro zone investor morale drops, breaking streak of gains in "setback"
Economy

Indonesia sees higher 2024 budget deficit at 2.7% of GDP, finance minister says

Indonesia's budget deficit this year is forecast to widen to 2.7% of gross domestic product on a estimated rise in spending due to the rupiah's depreciation and as tax revenue from

Indonesia sees higher 2024 budget deficit at 2.7% of GDP, finance minister says
Business|Economy

EU tariffs hit growth in China's electric car exports, industry body official says

The prospect of European tariffs cut 20-30 percentage points off China's growth in exports of electric and plug-in hybrid cars in recent months, an official at a leading Chinese

EU tariffs hit growth in China's electric car exports, industry body official says
Economy

German exports fall more than forecast in May

German exports fell more than expected in May due to weak demand from China, the United States and European countries, data from the federal statistics office showed on

German exports fall more than forecast in May
Business|Economy

German insurers' body cuts growth outlook for 2024 premium income

German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said on Monday, as the life insurance business struggles with a

German insurers' body cuts growth outlook for 2024 premium income
Business|Economy

China's central bank tweaks liquidity operations amid strong bond demand

China's central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep

China's central bank tweaks liquidity operations amid strong bond demand
Business|Economy

Fewer UK companies plan to increase prices, survey shows

Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of

Fewer UK companies plan to increase prices, survey shows
Business|Economy

Revolut CEO to sell part of stake in $500 million share sale, Sky News reports

British fintech company Revolut's CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday.

Revolut CEO to sell part of stake in $500 million share sale, Sky News reports
Economy

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says

Vietnam is targeting gross domestic product (GDP) growth of 6.5%-7.0% in the third quarter, Prime Minister Pham Minh Chinh said on Saturday.

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says
Business|Economy

China autos group 'strongly dissatisfied' with EU anti-subsidy tariffs

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry group said in a

China autos group 'strongly dissatisfied' with EU anti-subsidy tariffs
Business|Economy

China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at

China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH
Business|Economy

TD's chief compliance officer departs amid US anti-money laundering probe

TD Bank's chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe

TD's chief compliance officer departs amid US anti-money laundering probe
Business|Economy

Gaza clothing workshop reborn from the rubble to provide jobs

In an upstairs room behind the shattered walls of a Gaza building, sewing machines whir as men work at crowded tables - a Palestinian businessman's effort to aid

Gaza clothing workshop reborn from the rubble to provide jobs
Economy

French, German industrial output drop unexpectedly in May

Industrial production in France and Germany fell more than expected in May, data published by domestic statistics offices showed on Friday, due to the impact of public holidays and a weak

French, German industrial output drop unexpectedly in May
Business|Economy

US equity funds see upbeat demand on rate cut expectations

Investors hoovered up U.S. equity funds in the week to July 3 as data indicating a softening economy and U.S.

US equity funds see upbeat demand on rate cut expectations

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