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

Latest From Reuters

Business|Economy

Amazon Labor Union votes to ratify Teamsters affiliation

Amazon Labor Union members have voted to affiliate with the International Brotherhood of Teamsters, according to a joint statement on Tuesday, the latest sign that unionization efforts

Amazon Labor Union votes to ratify Teamsters affiliation
Economy

US manufacturing production surges in May

Production at U.S. factories increased more than expected in May, recouping all the declines in the prior two months, but the momentum is unlikely to be sustained amid higher

US manufacturing production surges in May
Business|Economy

Ford plans further job cuts in Europe, German works council says

Ford plans further job cuts in Germany, Spain and the U.K., the head of the worker's council for the US automaker in Germany told Reuters on Tuesday.

Ford plans further job cuts in Europe, German works council says
Business|Economy

Citi emphasizes regulatory fixes as it lays out growth targets

Citigroup is stepping up efforts to fix regulatory problems as it seeks to boost future profits, the bank's top executives told investors on

Citi emphasizes regulatory fixes as it lays out growth targets
Business|Economy

UniCredit CEO says digital euro "very good" plan if banks fully involved

Plans for a digital euro will be a "very good" thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief

UniCredit CEO says digital euro "very good" plan if banks fully involved
Business|Economy

Greece to set up its first sovereign wealth fund, reform posting, bus services

Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance

Greece to set up its first sovereign wealth fund, reform posting, bus services
Economy

Australia's central bank holds cash rate at 4.35%

Australia's central bank held interest rates steady on Tuesday as expected, while reiterating that it was not ruling out further increases if needed to control inflation.

Australia's central bank holds cash rate at 4.35%
Business|Economy

All about rates

A look at the day ahead in European and global markets from Rae Wee The Reserve Bank of Australia (RBA) on Tuesday kept rates on hold, flagging stubborn domestic price pressures - a common theme that

All about rates
Economy

South Korea central bank chief says inflationary pressure easing

South Korea's central bank governor said on Tuesday the pace of consumer inflation is likely to continue to slow, feeding expectations the Bank of Korea will start cutting interest

South Korea central bank chief says inflationary pressure easing
Business|Economy

Hong Kong says stock market to stay open during typhoons from Sept 23

Hong Kong's stock market will stay open during typhoons and heavy rain effective Sept. 23, a change that will help maintain the global financial hub's competitiveness, city

Hong Kong says stock market to stay open during typhoons from Sept 23
Economy

Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%

India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its central bank opting for just a one-quarter-point rate cut in that period,

Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%
Economy

Australia's central bank stays the course on rates, alert to inflation risks

Australia's central bank debated whether to raise interest rates at a policy meeting on Tuesday given there were upside risks to inflation, but decided

Australia's central bank stays the course on rates, alert to inflation risks
Business|Economy

New highs as retail eyed, Europe calms

A look at the day ahead in U.S. and global markets from Mike Dolan Tech-led Wall Street stocks have sailed to new records again this week, with Tuesday expected to see retail sales return to growth

New highs as retail eyed, Europe calms
Business|Economy|Environment

Oil and corn groups team up against Biden's tailpipe emissions rules

The top U.S. oil and corn industry lobby groups said on Tuesday they were suing President Joe Biden's administration over its plans to slash planet-warming tailpipe emissions from cars and

Oil and corn groups team up against Biden's tailpipe emissions rules
Business|Economy

EU to delay core element of Basel bank capital reforms by one year

The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc's financial services chief said on Tuesday, to

EU to delay core element of Basel bank capital reforms by one year
Business|Economy

Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%

Billionaire Warren Buffett's Berkshire Hathaway Inc acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil producer's

Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%
Business|Economy

China securities regulator vows to strengthen oversight, resolve risks

China's securities regulator said on Tuesday it will strengthen regulation of all financial activities and prevent and resolve risks, in a move to improve and reform financial

China securities regulator vows to strengthen oversight, resolve risks
Business|Economy

EV startup Fisker files for bankruptcy, aims to sell assets

Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after

EV startup Fisker files for bankruptcy, aims to sell assets
Business|Economy

London stocks gain on optimism ahead of UK inflation data, cenbank decision

London's FTSE 100 bounced back on Tuesday, with investors optimistic ahead of key domestic inflation data and the Bank of England's policy decision this

London stocks gain on optimism ahead of UK inflation data, cenbank decision
Business|Economy

Global investors stayed optimistic in June, upped EU allocations

Global investors remained bullish in June, with cash allocations holding at three-year lows and equity allocations elevated, according to Bank of America's monthly fund manager

Global investors stayed optimistic in June, upped EU allocations
Business|Economy|Environment

US judge dismisses Exxon case against activist investor over proxy filing

A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company's

US judge dismisses Exxon case against activist investor over proxy filing
Business|Economy

GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports

GE Aerospace CEO Larry Culp has declined Boeing's request to consider taking over as the U.S. planemaker's top boss, the Wall Street Journal reported on Monday.

GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports
Business|Economy

Citigroup facing new regulatory knock on its living will, source says

The Federal Deposit Insurance Corp's five-member board plans to vote on Thursday to downgrade its rating on Citigroup's data-management systems to a "deficiency" from a "shortcoming,"

Citigroup facing new regulatory knock on its living will, source says
Business|Economy

Lennar's home delivery forecast falls short of estimates, shares dip

Lennar Corp forecast its third-quarter home deliveries below analysts' estimates on Monday, a sign that demand for new homes is expected to remain sluggish as mortgage rates hover at a two-

Lennar's home delivery forecast falls short of estimates, shares dip
Business|Economy

Buoyant US eyes French angst, China home woes

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks and bonds remained relatively buoyant after last week's action-packed macro week with world markets drawn more to

Buoyant US eyes French angst, China home woes

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