Today: September 30, 2024
Today: September 30, 2024

Latest From Reuters

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
Business|Economy

Global equity funds draw inflows for second straight week amid rate cut expectations

Global investors piled into equity funds in the week to July 3 on expectations of U.S. rate cuts following weaker economic indicators and dovish remarks from Federal Reserve Chair Jerome

Global equity funds draw inflows for second straight week amid rate cut expectations
Business|Economy

Cathay Pacific to buy back remaining 50% of HK government's preference shares

Hong Kong's Cathay Pacific Airways will buy back the remaining 50% of preference shares that were issued to the Hong Kong SAR Government on July 31, the company said on Friday.

Cathay Pacific to buy back remaining 50% of HK government's preference shares
Business|Economy

China regulator vows to clamp down harder on capital market fraud

China's securities regulator vowed on Friday to clamp down harder on financial fraud, saying it is pushing for harsher punishment against lawbreakers as it seeks to revive

China regulator vows to clamp down harder on capital market fraud
Business|Economy

Labor in focus - US jobs, new UK government

A look at the day ahead in U.S. and global markets from Mike Dolan While U.S. markets return from the Independence day holiday to assess significant cooling of the labor market stateside, British

Labor in focus - US jobs, new UK government
Economy

Fed's Williams: still 'a way to go' to reach 2% inflation goal

The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still "a way" from achieving the goal, New York Fed Bank President John

Fed's Williams: still 'a way to go' to reach 2% inflation goal
Economy

South African rand extends gains as dollar slips

South Africa's rand extended its gains against a weaker dollar on Friday, fuelled by expectations that the Federal Reserve will cut interest rates later this year.

South African rand extends gains as dollar slips
Business|Economy|Environment

Anglo American extends pay for workers of fire-hit Australian mine

Australia's Mining And Energy Union has reached an agreement with Anglo American to extend pay until August-end for workers at its Grosvenor mine that was shut earlier this week due to an

Anglo American extends pay for workers of fire-hit Australian mine
Business|Economy

UK house prices edge down in June, Halifax says

British house prices fell slightly in June but are likely to rise over the rest of this year and into 2025 with interest rates expected to start falling soon, mortgage lender

UK house prices edge down in June, Halifax says
Business|Economy

China's central bank has hundreds of billions of yuan of bonds at its disposal to cool long rally

China's central bank has hundreds of billions of yuan worth of bonds at its disposal to borrow, and will sell them depending on market conditions, the bank told Reuters on Friday,

China's central bank has hundreds of billions of yuan of bonds at its disposal to cool long rally
Business|Economy

India's June retail car sales drop most in over 2 years, says dealers' body

Retail sales of cars in India fell 6.8% in June, marking their worst decline in almost two and half years, a dealers' body said on Friday, as heatwaves across the country kept

India's June retail car sales drop most in over 2 years, says dealers' body
Business|Economy

Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal

Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors

Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal
Economy

ECB accounts show worries about stalling disinflation

European Central Bank policymakers were mostly confident that inflation would continue to fall but some felt uneasy about cutting interest rates last month given a slew of

ECB accounts show worries about stalling disinflation
Business|Economy

Toronto area home sales rise in June, halt four-month slide

Toronto area home sales rose in June after four straight months of decline, following Canada's first interest-rate cut in more than four years, while prices rose marginally, data showed on

Toronto area home sales rise in June, halt four-month slide
Business|Economy

Spanish drugmaker Grifols appoints new finance chief as shake-up continues

Spanish drugmaker Grifols has appointed Rahul Srinivasan as chief financial officer, the company said on Thursday, as the company reshuffles management after a short-seller fund questioned

Spanish drugmaker Grifols appoints new finance chief as shake-up continues
Business|Economy

German industrial orders unexpectedly fall in May

German industrial orders fell unexpectedly in May, a fifth consecutive drop that adds to signs that manufacturing in Europe's largest economy will not recover in the coming months.

German industrial orders unexpectedly fall in May
Business|Economy

ECB continues to see easing wage pressures, chief economist says

The European Central Bank's wage tracker and feedback from corporations both show that wage pressures are cooling and will continue to ease into next year and 2026, ECB chief

ECB continues to see easing wage pressures, chief economist says
Business|Economy

UK construction growth cools ahead of election, PMI shows

Growth in British construction activity slowed in June as house-building declined, according to a survey on Thursday that showed a slowdown in new orders as some firms took a wait-

UK construction growth cools ahead of election, PMI shows
Business|Economy

Japanese insurers, banks to sell Honda shares worth $3.3 billion, filing shows

Japanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell Honda Motor shares worth 535 billion yen ($3.3 billion) to unwind cross-shareholdings, a

Japanese insurers, banks to sell Honda shares worth $3.3 billion, filing shows
Business|Economy

Lufthansa to consider raising stake in ITA to 90%, CEO says

Lufthansa will consider raising its stake in Italy's ITA Airways to 90%, starting from early next year, the CEO of the German airline said in an interview published on Thursday.

Lufthansa to consider raising stake in ITA to 90%, CEO says

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