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

Latest From Reuters

Business|Economy

New York Fed says reverse repo inflows hit highest level since start of year

The quarter end saw substantial inflows into the Federal Reserve Bank of New York's reverse repo facility on Friday.

New York Fed says reverse repo inflows hit highest level since start of year
Business|Economy

Shein keeps option to list in Hong Kong as backup, FT reports

Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing for a London listing, the Financial Times reported on Friday, citing people familiar

Shein keeps option to list in Hong Kong as backup, FT reports
Business|Economy

Brazil's Campos Neto says a lack of confidence in handling of public accounts impacts market prices

Brazilian central bank chief Roberto Campos Neto said on Friday that investors' lack of confidence in the government's ability to improve public accounts impacts long-term

Brazil's Campos Neto says a lack of confidence in handling of public accounts impacts market prices
Business|Economy

RBC appoints new executives to lead US global asset management arm

Royal Bank of Canada has appointed Jessica Rausch as chief operating officer of its US global asset management (GAM) business and Brandon Lew as president in the division's new-

RBC appoints new executives to lead US global asset management arm
Business|Economy

US equity funds see sharp inflows ahead of inflation data

U.S. investors heavily bought into equity funds ahead of a crucial inflation report spurred by expectations of continued moderation in inflation that could prompt the Federal Reserve to

US equity funds see sharp inflows ahead of inflation data
Business|Economy

Fed's Barkin: consumer demand solid, but not frothy

U.S. consumer demand is still solid although households are beginning to get more sensitive to prices, Richmond Fed President Thomas Barkin said on Friday.

Fed's Barkin: consumer demand solid, but not frothy
Business|Economy

Russia's VTB bank says US sanctions have complicated cross-border transactions

U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance

Russia's VTB bank says US sanctions have complicated cross-border transactions
Business|Economy

ECB's Villeroy: confident we can look through data noise

The European Central Bank is gaining confidence in expectations inflation will fall back to its 2% target next year and that it can look through bumps in the data flow in the coming

ECB's Villeroy: confident we can look through data noise
Economy

ECB survey shows consumers becoming more optimistic on inflation

Euro zone consumers continued to cut their inflation expectations and also grew more optimistic on employment prospects even as they still saw economic contraction ahead, a fresh

ECB survey shows consumers becoming more optimistic on inflation
Business|Economy

European shares post quarterly loss as markets await French elections

European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L'Oreal weighed, while the benchmark

European shares post quarterly loss as markets await French elections
Business|Economy

ECB wants countries to raise, not cut bank capital buffers

Euro zone countries should not cut bank capital buffers and some should even increase them given record profits in the sector and clouds on the horizon, the European Central Bank

ECB wants countries to raise, not cut bank capital buffers
Business|Economy

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after almost two years of

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank
Business|Economy

Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say

Saudi Aramco is set to take a 10% stake in a thermal engine joint venture between Renault and China's Geely called Horse Powertrain, said two sources familiar with the matter, beefing

Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say
Economy|Environment

Chile's president defends power rate hike after five-year freeze

Chilean President Gabriel Boric pitched a decision to raise electricity rates over the next few months as a necessary if unpopular measure that will promote healthier public

Chile's president defends power rate hike after five-year freeze
Business|Economy

Brazil creates fewer formal jobs than expected in May

Brazil's economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of economists.

Brazil creates fewer formal jobs than expected in May
Business|Economy

Tata Steel warns UK furnace shutdown may start earlier than planned

Tata Steel could take steps to pause or stop some blast furnace operations earlier than planned at its plant in Port Talbot, Wales, while it challenges the legal basis for a strike

Tata Steel warns UK furnace shutdown may start earlier than planned
Economy|Environment

US regulators approve Louisiana LNG plant over climate objections

Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and an energy policy litmus test for President

US regulators approve Louisiana LNG plant over climate objections
Business|Economy

US banks weather Fed's annual stress test, but risks rise

Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results

US banks weather Fed's annual stress test, but risks rise
Business|Economy

Spice maker McCormick beats quarterly results on strong EMEA business

McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa.

Spice maker McCormick beats quarterly results on strong EMEA business
Business|Economy

US core capital goods orders fall sharply in May

New orders for key U.S.-manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing costs

US core capital goods orders fall sharply in May
Business|Economy

NYCB expects reverse stock split to take effect next month

New York Community Bancorp's one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday.

NYCB expects reverse stock split to take effect next month
Business|Economy

Car affordability affecting auto lending market, study shows

A study on loans for buying automobiles in the United States has found that weaker consumer budgets are negatively impacting loan payments for some borrowers, credit reporting agency

Car affordability affecting auto lending market, study shows
Business|Economy

Levi Strauss slumps on second-quarter revenue miss as wholesale business remains weak

Levi Strauss shares tumbled nearly 16% on Thursday after weakness in the denim maker's U.S. wholesale business led to downbeat second-quarter revenue.

Levi Strauss slumps on second-quarter revenue miss as wholesale business remains weak
Business|Economy

Country Garden gets trading resumption guidance from Hong Kong exchange

Debt-laden property developer Country Garden said on Thursday it had received guidance from the Hong Kong stock exchange earlier in the week over resumption in trading of its shares, which

Country Garden gets trading resumption guidance from Hong Kong exchange
Economy

Brazil's central bank says stronger activity driving inflation estimates higher

Brazil's central bank said on Thursday that stronger-than-expected activity is the main reason behind its higher inflation projections, one of the factors that led it to halt

Brazil's central bank says stronger activity driving inflation estimates higher

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