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

Latest From Reuters

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
Business|Economy

Bank of England repo demand climbs to record 21 billion pounds

British banks received a record 21.347 billion pounds ($27.01 billion) in funds from the Bank of England at its weekly short-term repo on Thursday, marking the 11th time in the past

Bank of England repo demand climbs to record 21 billion pounds
Business|Economy

Bank of England says UK households and businesses are coping with high rates

British businesses and households are generally coping well with high interest rates, although some, especially renters, are under pressure,

Bank of England says UK households and businesses are coping with high rates
Business|Economy

Saint-Gobain agrees to buy FOSROC for around $1 billion

France's Saint-Gobain has entered into an agreement to buy Dubai-based construction chemicals company FOSROC for around 960 million euros ($1.03 billion) to drive its international

Saint-Gobain agrees to buy FOSROC for around $1 billion
Economy

You can continue to cut rates, researchers tell ECB

The European Central Bank faces an "easy last kilometre" in its fight against inflation and can continue to slowly cut interest rates, two researchers are set to tell the ECB's

You can continue to cut rates, researchers tell ECB
Economy

Chinese money flows into bonds even as central bank warns of risks

China's treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated

Chinese money flows into bonds even as central bank warns of risks
Business|Economy

Starting pay for UK jobs up 6.5% on year in May, job ads show

Average starting pay for British jobs rose in May at the fastest pace in four months despite a 20% annual fall in the number of jobs on offer, figures from hiring platform Indeed

Starting pay for UK jobs up 6.5% on year in May, job ads show
Business|Economy

Japan issues fresh warnings against sharp yen falls

Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signalling readiness to

Japan issues fresh warnings against sharp yen falls
Business|Economy

China's industrial profits growth slows sharply in May amid patchy recovery

China's industrial profits rose at a sharply slower pace in May, official data showed on Thursday, underlining the struggles faced by the world's second-largest economy as weak

China's industrial profits growth slows sharply in May amid patchy recovery
Business|Economy

Birkenstock prices L Catterton entity's secondary offering at $54/share

German sandal maker Birkenstock said on Wednesday it has priced a $756 million secondary offering by an entity affiliated with L Catterton at $54 a piece.

Birkenstock prices L Catterton entity's secondary offering at $54/share
Business|Economy

Brazilian real's volatility undermines foreign trade predictability, says official

Recent exchange rate fluctuation Brazil is damaging the country's foreign trade predictability, said the foreign trade secretary Tatiana Prazeres on Wednesday.

Brazilian real's volatility undermines foreign trade predictability, says official
Business|Economy|Education

Carlyle, KKR win auction for $10 billion student loan book from Discover Financial, FT reports

Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial, the Financial Times reported on Wednesday, citing people familiar with the matter.

Carlyle, KKR win auction for $10 billion student loan book from Discover Financial, FT reports
Business|Economy

Levi Strauss posts quarterly revenue miss, maintains annual forecast

Levi Strauss fell short of market expectations for second-quarter revenue on Wednesday, hurt by choppy wholesale demand in the United States.

Levi Strauss posts quarterly revenue miss, maintains annual forecast
Business|Economy

Jefferies Q2 profit beats estimates on dealmaking rebound

Jefferies Financial on Wednesday beat analysts' estimates for second-quarter profit as the bank earned higher fees from advising on deals as well as

Jefferies Q2 profit beats estimates on dealmaking rebound
Economy

Brazil's government spending rises, driving higher-than-expected May deficit

Brazil's central government posted a larger-than-expected primary budget deficit in May, pressured by increased pension benefits, the Treasury said on Wednesday.

Brazil's government spending rises, driving higher-than-expected May deficit
Business|Economy

JFK Airport's New Terminal One issues $2.55 billion in bonds to refinance overhaul loans

The New Terminal One (NTO), a consortium of labor, operating and financial partners at New York's John F.

JFK Airport's New Terminal One issues $2.55 billion in bonds to refinance overhaul loans
Business|Economy

Interactive Brokers reveals $48 million loss from NYSE glitch

Interactive Brokers on Wednesday disclosed a $48 million loss due to a glitch at the New York Stock Exchange earlier this month that at one point showed a 99% drop in the stock prices of

Interactive Brokers reveals $48 million loss from NYSE glitch
Business|Economy

Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports

Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market

Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Business|Economy|Education

China pledges policy measures to support the job market

China said it will step up policy measures to support the job market, particularly for college graduates and migrant workers, state media said on Wednesday.

China pledges policy measures to support the job market
Business|Economy

Beijing city cuts home buying costs to boost demand

China's capital city Beijing announced steps on Wednesday to reduce the cost of buying a home, including cutting mortgage interest rates and the minimum down-payment ratio, to try

Beijing city cuts home buying costs to boost demand
Business|Economy

General Mills sees tepid annual profit, posts Q4 sales decline as demand falters

Cheerios cereal maker General Mills forecast annual profit below estimates on Wednesday and posted a bigger-than-expected drop in quarterly sales hurt by lower demand

General Mills sees tepid annual profit, posts Q4 sales decline as demand falters

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