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

Latest From Reuters

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
Economy

JetBlue shares soar as Icahn discloses stake

Shares of low-cost carrier JetBlue Airways surged 15% in premarket trading on Tuesday after activist investor Carl Icahn disclosed an about 10% stake in the airline.

JetBlue shares soar as Icahn discloses stake
Business|Economy

UAW workers ratify deal with Daimler as focus shifts to voting at Mercedes

Members of the United Auto Workers ratified a new labor contract with Daimler Truck on Saturday, following a series of wins against the Detroit Three automakers last fall.

UAW workers ratify deal with Daimler as focus shifts to voting at Mercedes
Business|Economy

US utility Allete goes private in $6.2 billion deal

U.S. utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at

US utility Allete goes private in $6.2 billion deal
Business|Economy

China should further ease data export rules, Neuberger Berman, Citi say

China should further relax data export rules, building on the recent easing of some curbs for global firms enacted by the city of Shanghai, senior executives from investment

China should further ease data export rules, Neuberger Berman, Citi say
Business|Economy

Toyota's May global output slides with marked decline in China

Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have

Toyota's May global output slides with marked decline in China
Business|Economy

Japan's service activity slips for first time in 2 years, PMI shows

Japanese service activity contracted for the first time in nearly two years in June as domestic demand cooled, a private sector survey showed on Wednesday, although business

Japan's service activity slips for first time in 2 years, PMI shows
Business|Economy

Irish service sector growth moderates, input costs fall sharply

Growth in Ireland's service sector moderated slightly in June, bringing jobs growth to a near standstill but a sharp drop in input costs offered welcome relief to firms, a survey

Irish service sector growth moderates, input costs fall sharply
Business|Economy

LATAM Airlines to proceed with re-listing ADRs, secondary sale

LATAM Airlines said on Tuesday it intends to proceed with the process of re-listing American Depositary Receipts (ADRs) in tandem with the first secondary sale under the so-called

LATAM Airlines to proceed with re-listing ADRs, secondary sale
Business|Economy

SLB, ChampionX get second request from DoJ for proposed $8 billion deal details

Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion

SLB, ChampionX get second request from DoJ for proposed $8 billion deal details
Business|Economy

Unit of Grifols shareholder Scranton reaches debt refinancing deal

Scranton Enterprises, an entity tied to the Grifols family, said on Tuesday it has reached an agreement with a private investor to refinance 377 million euros ($404.5 million

Unit of Grifols shareholder Scranton reaches debt refinancing deal
Business|Economy

Toyota's Q2 US auto sales up 9% on SUV demand

Toyota Motor North America posted an about 9.2% rise in second-quarter U.S. auto sales on Tuesday, aided by demand for its affordable and premium crossover SUVs.

Toyota's Q2 US auto sales up 9% on SUV demand
Economy

Fed's Goolsbee sees warnings signs on real economy

Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said he sees some "warning signs" of weakening in the economy, adding that the U.S. central bank's goal is to get

Fed's Goolsbee sees warnings signs on real economy
Economy|Environment

World Bank approves $208 million for Zambia's drought response

The World Bank has approved a $208 million grant for Zambia to help address the social and economic impact of drought that has hit the southern African nation, its finance ministry

World Bank approves $208 million for Zambia's drought response
Economy

ECB's Lagarde welcomes small inflation fall despite stubborn services

European Central Bank President Christine Lagarde welcomed a small fall in inflation last month as a step in the right direction,

ECB's Lagarde welcomes small inflation fall despite stubborn services
Business|Economy

LSEG announces multi-year news and data partnership with Dow Jones

The London Stock Exchange Group announced a multi-year news and data partnership with Dow Jones that will include content from the Wall Street Journal, the companies said on Tuesday.

LSEG announces multi-year news and data partnership with Dow Jones
Economy

Rating agency S&P sends debt warning to US, France and other top economies

The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S&P Global warned on Tuesday.

Rating agency S&P sends debt warning to US, France and other top economies
Business|Economy

Hong Kong flags retail challenges as May sales slump 11.5% y/y

Hong Kong's May retail sales fell 11.5% from a year earlier, government data showed on Tuesday, reflecting a surge in outbound trips, strength in local currency and a high base

Hong Kong flags retail challenges as May sales slump 11.5% y/y
Business|Economy

Qatar Airways posts 39% jump in annual profit to record $1.67 billion

Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday.

Qatar Airways posts 39% jump in annual profit to record $1.67 billion
Business|Economy

London's FTSE 100 hits over two-month low amid election jitters

London's benchmark stock index closed at more than a two-month low on Tuesday as investors were cautious ahead of parliamentary elections, although an

London's FTSE 100 hits over two-month low amid election jitters
Business|Economy

Australia's ANZ sanctioned for charging fees from dead customers

Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a required time frame

Australia's ANZ sanctioned for charging fees from dead customers
Business|Economy

China property firms jump after big developers show smaller sales drop

Shares in Hong Kong-listed Chinese property companies surged on Tuesday, after private data showed yearly sales declines for major Chinese property developers continued to narrow

China property firms jump after big developers show smaller sales drop
Business|Economy

What is China's planned financial stability law and how will it work?

China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing's broader efforts to

What is China's planned financial stability law and how will it work?
Business|Economy

Rio Tinto in talks to avert strike at Mongolian copper mine

Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an

Rio Tinto in talks to avert strike at Mongolian copper mine
Business|Economy

AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion

U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.

AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion

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