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

Latest From Reuters

Business|Economy

Bets mount for US rate cut, UK political shake up

A look at the day ahead in European and global markets from Wayne Cole.

Bets mount for US rate cut, UK political shake up
Business|Economy

Arkhouse, Brigade Capital raise buyout offer for Macy's to $6.9 billion, WSJ reports

Arkhouse Management and Brigade Capital Management have raised their bid to buy Macy's for about $6.9 billion, the Wall Street Journal reported on Wednesday citing people familiar with the

Arkhouse, Brigade Capital raise buyout offer for Macy's to $6.9 billion, WSJ reports
Business|Economy

Saks owner to buy Neiman Marcus, source says

The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a move that is

Saks owner to buy Neiman Marcus, source says
Business|Economy

State Street replaces UBS as custodian bank for Swiss government fund

U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS, authorities

State Street replaces UBS as custodian bank for Swiss government fund
Business|Economy

US banks' commercial real estate loan worries linger after latest tumble

Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest

US banks' commercial real estate loan worries linger after latest tumble
Business|Economy

Hapag-Lloyd CEO sees solid shipping demand driving up freight rates

Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd chief executive Rolf Habben Jansen said in a call with reporters on

Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
Business|Economy

Banks to publish crypto asset exposure from 2026, global regulators say

Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from January 2026, they said on Wednesday, a year later than

Banks to publish crypto asset exposure from 2026, global regulators say
Business|Economy

Chile's Codelco sees copper output ticking up in second half of year

Chilean copper mining giant Codelco's output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the

Chile's Codelco sees copper output ticking up in second half of year
Business|Economy

US factory orders unexpectedly fall in May

New orders for U.S.-manufactured goods unexpectedly fell in May, while business spending on equipment appeared weaker than initially thought, government data showed on Wednesday

US factory orders unexpectedly fall in May
Economy

US service sector sags in June as orders sink

A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the economy at the end of

US service sector sags in June as orders sink
Economy

Brazil's industrial output falls less than expected in May

Industrial production in Brazil fell 0.9% in May from April, government statistics agency IBGE said on Wednesday, below the 1.7% decline estimated by analysts polled by Reuters.

Brazil's industrial output falls less than expected in May
Economy

US trade deficit widens in May on weak exports

The U.S. trade deficit widened for a second straight month in May amid a decline in exports, indicating that trade likely remained a drag on economic growth in the second

US trade deficit widens in May on weak exports
Business|Economy

Constellation Brands beats quarterly profit estimates on strong beer business

Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines

Constellation Brands beats quarterly profit estimates on strong beer business
Business|Economy

Swiss National Bank open to expanding digital currency project

The Swiss National Bank is open to expanding its pilot project with wholesale central bank digital currencies, governing board member Antoine Martin said on Wednesday.

Swiss National Bank open to expanding digital currency project
Business|Economy

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract

Alaska Airlines' flight attendants are set for an average pay increase of 32% as part of a new three-year tentative labor agreement with the airline, a union representing the employees

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract
Business|Economy

Southwest Airlines adopts 'poison pill' after Elliott pushes for changes

Southwest Airlines adopted a so-called "poison pill" to deter Elliott Investment Management from raising its stake in the carrier after the activist investor called for leadership changes

Southwest Airlines adopts 'poison pill' after Elliott pushes for changes
Economy

Fresh inflation fall gives ECB room to cut rates, IMF says

Disinflation in the euro zone remains on track and the latest figures out this week confirm that the European Central Bank has room to cut interest rates further,

Fresh inflation fall gives ECB room to cut rates, IMF says
Business|Economy

South Korea fines Credit Suisse for illegal stock short selling

South Korea's financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock short-selling violations, the regulator said on Wednesday.

South Korea fines Credit Suisse for illegal stock short selling
Business|Economy

Euro zone business growth slowed sharply in June, PMI shows

Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc's dominant services industry failed to offset a further deterioration in

Euro zone business growth slowed sharply in June, PMI shows
Business|Economy

UK services growth cools, but by less than first feared, PMI shows

Growth across Britain's services companies slowed by less than first thought in June but it still ebbed to a seven-month low, according to a survey on Wednesday that pointed to modest

UK services growth cools, but by less than first feared, PMI shows
Business|Economy

Upturn in German services activity slows in June, PMI shows

A solid rise in business activity in June ended a positive second quarter for the German service sector, albeit with the rate of expansion easing slightly, a survey showed on

Upturn in German services activity slows in June, PMI shows
Business|Economy

UK investors buy record $14.5 billion of stocks this year, Calastone says

British investors added a record 11.4 billion pounds ($14.5 billion) into equity funds over the first six months of 2024, as the prospect of further central bank interest rate cuts

UK investors buy record $14.5 billion of stocks this year, Calastone says
Business|Economy

Nippon Steel's Mori to visit US again next week for talks on US Steel takeover

Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday.

Nippon Steel's Mori to visit US again next week for talks on US Steel takeover
Business|Economy

China's services activity growth hits 8-month low, Caixin PMI shows

China's services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June, dragged by slower growth in new orders, a private-sector survey

China's services activity growth hits 8-month low, Caixin PMI shows
Business|Economy

Powell sparks optimism on rate cuts

A look at the day ahead in European and global markets from Ankur Banerjee It was a risk-on session in Asia, with European bourses poised for a similar start in the wake of comments by Fed Chair

Powell sparks optimism on rate cuts

Follow