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

Latest From Reuters

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
Business|Economy

US manufacturing output unexpectedly falls in April

Production at U.S. factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday.

US manufacturing output unexpectedly falls in April
Business|Economy

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation

Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
Business|Economy

India business activity grew faster in June, job creation at 18-year high, PMI shows

Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed

India business activity grew faster in June, job creation at 18-year high, PMI shows
Business|Economy

Blackstone to sell Japan supplement maker Alinamin to MBK for $2.2 billion, source says

Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion),

Blackstone to sell Japan supplement maker Alinamin to MBK for $2.2 billion, source says
Business|Economy

Salesforce shareholders reject compensation plan for CEO, other top executives

A majority of Salesforce shareholders voted against a compensation plan for its CEO Marc Benioff and other top executives, according to a security filing on Monday.

Salesforce shareholders reject compensation plan for CEO, other top executives
Economy

South Korea inflation hits 11-month low as supply pressures ease

South Korea's consumer inflation weakened to an 11-month low in June as supply-side pressures eased, official data showed on Tuesday, coming in below market expectations and providing

South Korea inflation hits 11-month low as supply pressures ease
Business|Economy

GE Aerospace extends CEO Culp's contract till end of 2027

GE Aerospace said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed on Monday.

GE Aerospace extends CEO Culp's contract till end of 2027
Business|Economy

US SEC sues Silvergate for securities fraud

The U.S.

US SEC sues Silvergate for securities fraud
Business|Economy

Red Sea disruptions to continue into Q3, Maersk CEO says

The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company

Red Sea disruptions to continue into Q3, Maersk CEO says
Economy

ECB not in a hurry to cut rates further, Lagarde says

The European Central Bank needs more time to conclude that inflation is firmly on a path to 2% and benign economic developments indicate that rate cuts are not urgent, ECB

ECB not in a hurry to cut rates further, Lagarde says
Economy

Brazil's central bank director says expansionary fiscal policy harms disinflation

A director of Brazil's central bank said on Monday that if fiscal policy is always expansionary, it puts a lot of pressure on the floating exchange rate or monetary policy, making

Brazil's central bank director says expansionary fiscal policy harms disinflation
Business|Economy

Barry Diller's IAC explores bid to take control of Paramount, NYT reports

Billionaire Barry Diller's digital-media conglomerate IAC is exploring a bid to take control of Paramount Global, the New York Times reported on Monday, citing four people with knowledge of

Barry Diller's IAC explores bid to take control of Paramount, NYT reports
Business|Economy

Colombian airline Avianca plans to confidentially file for US IPO

Avianca Group plans to confidentially file for an initial public offering in the United States, the holding company for the Colombian airline said on Monday.

Colombian airline Avianca plans to confidentially file for US IPO
Business|Economy

US construction spending unexpectedly falls in May

U.S. construction spending unexpectedly fell in May as higher mortgage rates depressed single-family homebuilding, and recovery is likely to be muted by improving housing supply

US construction spending unexpectedly falls in May
Business|Economy

UBS completes merger of Swiss business with Credit Suisse

Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse's operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse

UBS completes merger of Swiss business with Credit Suisse
Business|Economy

H2 kicks off, markets bet on French gridlock

A look at the day ahead in U.S. and global markets from Mike Dolan An event-packed but shortened week stateside kicks off the second half of 2024, with European markets rallying on Monday as the first

H2 kicks off, markets bet on French gridlock
Business|Economy

UK manufacturing growth slows as shipping delays hit exports, PMI shows

British manufacturing activity growth slowed last month from May's 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers

UK manufacturing growth slows as shipping delays hit exports, PMI shows
Business|Economy

Euro zone factory activity decline deepens in June, PMI shows

Manufacturing activity across the euro zone took a turn for the worse last month as demand fell at a much faster pace despite factories cutting their prices, a survey showed.

Euro zone factory activity decline deepens in June, PMI shows

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