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

Latest From Reuters

Economy

Bank of Canada reviewing extraordinary actions taken during pandemic

The Bank of Canada is reviewing the extraordinary actions it took during the pandemic to stimulate the economy, in an effort to be

Bank of Canada reviewing extraordinary actions taken during pandemic
Economy

Sterling set for fifth weekly gain against euro after shock French election call

The pound was headed for its fifth weekly gain against the euro on Thursday, having hit its highest in almost two years against the single European currency, which was rattled by

Sterling set for fifth weekly gain against euro after shock French election call
Economy

Argentina inflation slows to 4.2% m/m in May

Argentina's monthly inflation rate stood at 4.2% in May, official data published on Thursday shows, landing below a Reuters poll forecast of 4.9% and slowing down from April's

Argentina inflation slows to 4.2% m/m in May
Business|Economy

Wells Fargo fires more than dozen employees for allegedly faking work, Bloomberg News reports

Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work,

Wells Fargo fires more than dozen employees for allegedly faking work, Bloomberg News reports
Business|Economy

UK's Crest Nicholson says Bellway's new proposal undervalues group

British homebuilder Crest Nicholson said on Friday rival Bellway's revised and unsolicited 650 million pound ($828 million) all-share takeover offer "significantly undervalued" the group,

UK's Crest Nicholson says Bellway's new proposal undervalues group
Business|Economy|Environment

Canada's parliament grills bank CEOs on climate policy in rare meeting

The CEOs of Canada's big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel

Canada's parliament grills bank CEOs on climate policy in rare meeting
Business|Economy

NYCB acquired Signature Bank assets with total fair value of $37.8 billion

New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.

NYCB acquired Signature Bank assets with total fair value of $37.8 billion
Business|Economy

JPMorgan, Greek fintech, claim success in London court

Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its

JPMorgan, Greek fintech, claim success in London court
Business|Economy

Eni's Plenitude ready to list when market conditions are there, CEO says

Plenitude, the retail and renewable business of Italian energy company Eni, is ready to list on the Milan bourse as soon as market conditions allow it, its Chief Executive Stefano

Eni's Plenitude ready to list when market conditions are there, CEO says
Business|Economy

Caterpillar boosts buyback authorization by $20 billion, raises dividend

Caterpillar has raised its share repurchase authorization by $20 billion and quarterly dividend by 8%, the company said on Wednesday, sending its shares up 2%.

Caterpillar boosts buyback authorization by $20 billion, raises dividend
Economy

FOMC leaves rates alone but scales back 2024 easing outlook

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-

FOMC leaves rates alone but scales back 2024 easing outlook
Business|Economy

Argentina extends currency swap with China, defusing repayment fears

Argentina and China have renewed the activated part of a major currency swap line for the equivalent of $5 billion through July 2026, Argentina's central bank said on Wednesday

Argentina extends currency swap with China, defusing repayment fears
Business|Economy

Mexico kicks off debt management operation for external, local debt due next year

Mexico's finance ministry launched debt management operations in New York on Wednesday that will reduce all the country's external debt payments for 2025, as well as local peso

Mexico kicks off debt management operation for external, local debt due next year
Economy

Australia May employment tops forecasts, defying economic slowdown

Australian employment outpaced expectations in May as firms took on more full-time workers, while the jobless rate dipped in a sign the labour market remains resilient even as the

Australia May employment tops forecasts, defying economic slowdown
Business|Economy

U.S. East Coast port union strike threat to test shippers' nerves

- Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher

U.S. East Coast port union strike threat to test shippers' nerves
Economy

Euro's reserve currency role tumbles at expense of dollar, yen, ECB says

The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free to

Euro's reserve currency role tumbles at expense of dollar, yen, ECB says
Business|Economy

Australian wine exports to China rocket after Beijing drops tariffs

Australian wine makers shipped wine worth A$86 million ($57 million) to China in the month after Beijing lifted tariffs and should be confident of bumper sales going forward, the

Australian wine exports to China rocket after Beijing drops tariffs
Business|Economy

Ford plans to cut up to 1,600 jobs at Valencia plant in Spain

U.S. car maker Ford said on Wednesday it plans to cut a further up to 1,600 jobs at its assembly plant in Valencia, Spain, after announcing a reduction of 1,100 staff last year.

Ford plans to cut up to 1,600 jobs at Valencia plant in Spain
Business|Economy

European auto shares hit by retaliation fears after EU tariffs on Chinese EVs

Shares in some of Europe's biggest automakers dropped on Wednesday on fears of Chinese retaliation after the European Commission said it would impose duties on imported

European auto shares hit by retaliation fears after EU tariffs on Chinese EVs
Business|Economy

China central bank promotes relending to speed up sales of housing stock

China's central bank on Wednesday held a meeting to promote its financial support for affordable housing in a bid to accelerate sales of unsold housing stock, as a property crisis

China central bank promotes relending to speed up sales of housing stock
Business|Economy

CalPERS becomes latest Tesla shareholder to vote against Musk's pay package

The California Public Employees' Retirement System is set to vote against Tesla CEO Elon Musk's $56 billion compensation package, the largest U.S. pension fund's CEO said on Wednesday.

CalPERS becomes latest Tesla shareholder to vote against Musk's pay package
Economy

ECB must cut rates 'very slowly', says vice-president de Guindos

The ECB must move "very slowly" in reducing interest rates because there is huge uncertainty over the inflation outlook, its vice-president Luis de Guindos said on Wednesday.

ECB must cut rates 'very slowly', says vice-president de Guindos
Business|Economy

Shares of Evergrande EV unit slide 27% after it warns of losing assets

Shares of China Evergrande New Energy Vehicle Group plunged 27% on Wednesday after it said it faces the risk of losing key assets such as land and equipment.

Shares of Evergrande EV unit slide 27% after it warns of losing assets
Business|Economy

New Zealand orders inquiry into banking sector amid competition concerns

New Zealand will conduct an inquiry to assess competition in the country's banking sector, focusing on services in rural regions, Finance Minister Nicola Willis said on Wednesday.

New Zealand orders inquiry into banking sector amid competition concerns
Business|Economy

US double bill

A look at the day ahead in European and global markets from Tom Westbrook Markets are likely to stay tentative through Europe's morning hours ahead of a blockbuster session in the U.S., where

US double bill

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