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

Latest From Reuters

Business|Economy

Shareholder support for SoftBank CEO Son's reappointment falls to 79%

Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has fallen to 79.22% from 95.93% a year ago after proxy advisor Institutional Shareholder

Shareholder support for SoftBank CEO Son's reappointment falls to 79%
Business|Economy

Tech rout drives flight to value

A look at the day ahead in European and global markets from Kevin Buckland: Some payback may be coming for European stocks on Tuesday, following the gains that kicked off the week.

Tech rout drives flight to value
Business|Economy

Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows

Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday.

Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
Business|Economy

FTSE 100 slides as investors wary ahead of data and election

Britain's FTSE 100 closed lower on Tuesday as investors stayed cautious ahead of economic data that could sway expectations on the path of U.S. and UK

FTSE 100 slides as investors wary ahead of data and election
Economy|Environment

Dubai to boost rainwater drainage system with $8.2 billion project

Dubai will spend 30 billion dirhams ($8.2 billion) to boost its rainwater drainage system after the Gulf city was hit by the heaviest downpours recorded in the UAE in 75 years in

Dubai to boost rainwater drainage system with $8.2 billion project
Business|Economy

Nvidia's half trillion hiccup; Bitcoin, China slide

A look at the day ahead in U.S. and global markets from Mike Dolan In an glimpse at how megacap tails wag the dog, a near half-trillion dollar shakeout in AI-bellwether Nvidia's market cap in just a

Nvidia's half trillion hiccup; Bitcoin, China slide
Business|Economy

European shares fall as Airbus leads aerospace sell-off

European shares declined on Tuesday as Airbus tumbled after a profit warning and sparked an aerospace-related sell-off, while investors

European shares fall as Airbus leads aerospace sell-off
Business|Economy

BNP Paribas Wealth Management CIO says private debt is 'money for old rope'

The surge in investment in private debt is "more money for old rope", BNP Paribas Wealth Management global chief investment officer Edmund Shing said on Tuesday.

BNP Paribas Wealth Management CIO says private debt is 'money for old rope'
Business|Economy

Venezuela international bondholders hire legal advisors for restructuring

A group of investors holding international bonds issued by Venezuela's government and some of its state-owned entities have hired Orrick, Herrington & Sutcliffe as their legal

Venezuela international bondholders hire legal advisors for restructuring
Business|Economy|Entertainment

Paramount Global to raise prices for its streaming plans

Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.

Paramount Global to raise prices for its streaming plans
Economy

Argentina enters technical recession as job losses mount under Milei

Argentina entered a technical recession in the first quarter of the year, official data showed on Monday, and job losses mounted amid

Argentina enters technical recession as job losses mount under Milei
Business|Economy

Hess CEO to join Goldman Sachs board as independent director

John Hess, CEO of Hess Corp , has joined the board of Goldman Sachs as independent director, the Wall Street firm said on Monday.

Hess CEO to join Goldman Sachs board as independent director
Business|Economy

TWFG Insurance reveals nearly 27% jump in net profit in US IPO filing

TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S.

TWFG Insurance reveals nearly 27% jump in net profit in US IPO filing
Economy

IMF's Executive Board makes available about $1.148 billion to Bangladesh

The International Monetary Fund said on Monday its Executive Board has concluded a second review of Bangladesh's bailout program, giving the country immediate access to about $

IMF's Executive Board makes available about $1.148 billion to Bangladesh
Economy

Fed's Daly: inflation not the only risk, policy must 'exhibit care'

The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that

Fed's Daly: inflation not the only risk, policy must 'exhibit care'
Business|Economy

Bank of Canada: economy can add jobs and growth even as inflation slows

There is enough slack in the Canadian labor market to allow for growth and the creation of more jobs even as the inflation rate continues to decline, Bank of Canada

Bank of Canada: economy can add jobs and growth even as inflation slows
Business|Economy

Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports

Boeing has offered to acquire Spirit AeroSystems in a deal funded mostly by stock that values its 737 fuselage supplier at about $35 per share, Bloomberg News reported on Monday, citing

Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports
Business|Economy

Japan's business-to-business service inflation hits 2.5% in May

The price Japanese companies charge each other for services rose 2.5% in May from a year earlier, data showed on Tuesday, a sign prospects of steady wage increases are prompting more

Japan's business-to-business service inflation hits 2.5% in May
Economy|Environment

Worsening water crisis can weigh on India's sovereign credit strength, Moody's says

India's worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the South Asian nation's

Worsening water crisis can weigh on India's sovereign credit strength, Moody's says
Business|Economy

Downturn in UK factory orders eases but export demand weak, CBI survey shows

British manufacturing orders contracted in June at a reduced pace compared with a month earlier, despite a sharp drop in export orders, a survey from the Confederation of British Industry

Downturn in UK factory orders eases but export demand weak, CBI survey shows
Business|Economy

Italy's Eni aims to finalise Enilive stake sale by year-end, CEO says

Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday.

Italy's Eni aims to finalise Enilive stake sale by year-end, CEO says
Business|Economy

Chevron flags second-quarter production impact at TCO, Gulf of Mexico assets

Chevron said on Monday it expects upstream turnarounds and downtime to impact 65,000 barrels of oil equivalent per day in production in the second quarter mostly at Tengizchevroil (TCO) in

Chevron flags second-quarter production impact at TCO, Gulf of Mexico assets
Business|Economy

Britain's FTSE 100 climbs as Prudential provides boost

London stocks kicked off the week on a positive note, driven by gains from life insurer Prudential, although caution lingered ahead of inflation data

Britain's FTSE 100 climbs as Prudential provides boost
Business|Economy

Citi's 'living will' flaws manageable but distracting, J.P.Morgan says

The problems with Citigroup's so-called living will, which details how it would be unwound in the event of bankruptcy, are manageable but could be bothersome for its executives, according

Citi's 'living will' flaws manageable but distracting, J.P.Morgan says
Business|Economy

Affirm Holdings shares rally after Goldman upgrades to buy rating

Shares in Affirm Holdings were up 11.5% on Monday, snapping a six-day losing streak, after Goldman Sachs upgraded its rating to buy and raised its price target.

Affirm Holdings shares rally after Goldman upgrades to buy rating

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