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

Latest From Reuters

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
Economy

ECB policymakers see gradual easing if inflation falls as expected

The European Central Bank could gradually reduce interest rates if inflation falls as expected, two ECB policymakers said on Wednesday.

ECB policymakers see gradual easing if inflation falls as expected
Economy

Rate angst creeps back; yuan, yen weaken anew

A look at the day ahead in U.S. and global markets from Mike Dolan In a year supposedly filled with central bank interest rate cuts around the world, the prospect of another G10 policy tightening amid

Rate angst creeps back; yuan, yen weaken anew
Economy

ECB's Rehn sees inflation stabilising at target despite bumps

Euro zone inflation may be bumpy but that was always expected and data continues to suggest that price growth will settle at the European Central Bank's 2% target, Finnish

ECB's Rehn sees inflation stabilising at target despite bumps
Business|Economy

UK retail sales go into reverse this month, CBI survey shows

British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday.

UK retail sales go into reverse this month, CBI survey shows
Business|Economy

Blackstone snaps up UK hotel operator Village Hotels

Private equity giant Blackstone has agreed to buy British hotel operator Village Hotels, the company said on Wednesday, part of a wider investor push into the hospitality sector as

Blackstone snaps up UK hotel operator Village Hotels
Economy

German consumer sentiment unexpectedly dips in July, finds GfK

German consumer sentiment is set to fall slightly in July, ending a four-month streak of rises, as households left uncertain by higher prices and an economy dawdling toward recovery

German consumer sentiment unexpectedly dips in July, finds GfK
Economy

Sterling's importance to global currency markets

Sterling has faced its share of trials and tribulations in recent decades but remains a widely used currency, and, this year it has held up better against the dollar than peers.

Sterling's importance to global currency markets
Business|Economy

Workers to continue strike at Canada's Bombardier, union rejects company's proposal

Canadian workers' union Unifor said on Tuesday its members at Bombardier will continue their ongoing strike action after rejecting, what it called, a "final proposal" from the business-jet

Workers to continue strike at Canada's Bombardier, union rejects company's proposal
Business|Economy

KKR acquires $2.1 billion portfolio of multifamily real estate assets from Quarterra

Investment firm KKR acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion.

KKR acquires $2.1 billion portfolio of multifamily real estate assets from Quarterra
Business|Economy|Environment

ExxonMobil says French refinery may be suspended if strike continues

ExxonMobil may need to suspend production at its Gravenchon refinery in northern France if striking workers continue to block access to the site, the oil major said on Tuesday.

ExxonMobil says French refinery may be suspended if strike continues
Business|Economy

US business equipment borrowings up 11% in May, ELFA says

U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.

US business equipment borrowings up 11% in May, ELFA says
Economy

Bank of Korea flags risk of stronger downward pressure on won

South Korea's central bank said on Wednesday there was a possibility of downward pressure mounting again on the won currency, and vowed to step up monitoring of risk factors and

Bank of Korea flags risk of stronger downward pressure on won
Business|Economy

Peru eases Chinese port dispute ahead of president's meeting with Xi

Peru asked a judge to withdraw its request to strip a Chinese state-owned company's exclusive rights to operate a "megaport" it is building on Peru's Pacific coast, sources said on

Peru eases Chinese port dispute ahead of president's meeting with Xi
Economy

Australia's central bank says policy is restrictive, causing households pain

Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out

Australia's central bank says policy is restrictive, causing households pain
Business|Economy

Chinese developer Shimao's liquidation hearing adjourned to July 31

A liquidation case against Chinese property developer Shimao Group has been adjourned to July 31 as it has again extended a deadline for creditors in relation to a debt

Chinese developer Shimao's liquidation hearing adjourned to July 31
Business|Economy

Cautious markets keep tech enthusiasm in check

A look at the day ahead in European and global markets from Ankur Banerjee A pinch of caution ahead of a U.S. inflation reading, a bit of exuberance in tech stocks following a comeback from Nvidia and

Cautious markets keep tech enthusiasm in check
Business|Economy

China welcomes US dairy firms expanding in the country, vice minister says

China welcomes dairy companies from all countries, including the U.S., to expand their business in the Chinese market, Vice Minister of Commerce Wang Shouwen said on Tuesday.

China welcomes US dairy firms expanding in the country, vice minister says
Business|Economy

Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended

National carrier Vietnam Airlines JSC is facing the risk of losing liquidity as early as July if the refinancing loan repayment deadline for its government-backed loan is not

Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended
Business|Economy

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports
Economy

Spain passes 3 billion euro tax relief package to cope with inflation

Spain's government passed an inflation relief package worth nearly 3 billion euros ($3.21 billion) on Tuesday, including measures such as a lower income tax for minimum wage workers

Spain passes 3 billion euro tax relief package to cope with inflation
Business|Economy

Berkshire Hathaway accelerates sales of China's BYD

Warren Buffett's Berkshire Hathaway has accelerated its selling of shares in BYD, China's largest seller of electric vehicles.

Berkshire Hathaway accelerates sales of China's BYD
Business|Economy

Shein's potential IPO to be a 'badge of shame' for LSE, Amnesty International says

Amnesty International UK said on Tuesday Shein's potential London initial public offering would be a "badge of shame" for the London Stock Exchange because of the fast-fashion firm's "

Shein's potential IPO to be a 'badge of shame' for LSE, Amnesty International says
Economy

Canada inflation surprisingly rises in May, markets trim July rate cut bets

Consumer prices in Canada took an unexpected turn and rose in May, data showed on Tuesday, after showing signs of an almost consistent cooling

Canada inflation surprisingly rises in May, markets trim July rate cut bets

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