Bets mount for US rate cut, UK political shake up
A look at the day ahead in European and global markets from Wayne Cole.
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A look at the day ahead in European and global markets from Wayne Cole.
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
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
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
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
Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd chief executive
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
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
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
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
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.
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
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
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.
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
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
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,
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.
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
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
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
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
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.
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
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