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

Latest From Reuters

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
Business|Economy

UPS announces sale of Coyote Logistics unit to RXO for $1 billion

United Parcel Service, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday.

UPS announces sale of Coyote Logistics unit to RXO for $1 billion
Business|Economy

On alert for yen intervention, US inflation

A look at the day ahead in European and global markets from Wayne Cole.

On alert for yen intervention, US inflation
Economy

China's fiscal revenue drops 2.8% in January-May

China's fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed on Monday,

China's fiscal revenue drops 2.8% in January-May
Business|Economy

PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 billion Britvic bid

Carlsberg said on Monday that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the

PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 billion Britvic bid
Business|Economy

Prudential plans $2 billion share buyback

Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday.

Prudential plans $2 billion share buyback
Business|Economy

VanEck sets 0.20% fee for proposed spot ethereum ETF

Investment management firm VanEck plans to charge a fee of 0.20% on its proposed spot ethereum exchange-traded fund, according to a U.S.

VanEck sets 0.20% fee for proposed spot ethereum ETF
Business|Economy

ABN Amro nears deal to buy HSBC's German private bank, Boersenzeitung says

Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC's wealth management unit in the country, newspaper Boersenzeitung reported on

ABN Amro nears deal to buy HSBC's German private bank, Boersenzeitung says
Business|Economy

Nvidia gets vertigo, dollar builds steam

A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we

Nvidia gets vertigo, dollar builds steam
Business|Economy

Used car retailer CarMax posts 33% drop in first-quarter profit

CarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.

Used car retailer CarMax posts 33% drop in first-quarter profit
Business|Economy

German top industrial union to demand 7% pay rise from Volkswagen

German top industrial union IG Metall will demand a 7% pay rise over a 12-month period from Volkswagen at wage negotiations in October, the union said in a statement on Friday.

German top industrial union to demand 7% pay rise from Volkswagen
Business|Economy

Global equity funds see outflows for second week in a row

Global equity funds faced outflows for the second straight week in the week ending June 19, with investors cashing in on a share rally amid concerns that the Fed might cut rates only once

Global equity funds see outflows for second week in a row
Business|Economy

US business activity inches up in June; price pressures abating

U.S. business activity crept up to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent slowdown in

US business activity inches up in June; price pressures abating
Business|Economy|Entertainment

Carlyle pushing ahead with sale of Italian fashion brand Twinset, sources say

U.S. private equity firm Carlyle Group is pushing ahead with the sale of Italian fashion brand Twinset, asking potential bidders to submit non-binding offers, two sources close to

Carlyle pushing ahead with sale of Italian fashion brand Twinset, sources say

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