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

Latest From Reuters

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
Business|Economy

Pakistan budget sets big tax target ahead of IMF talks

Pakistan has set a challenging tax revenue target of 13 trillion rupees ($46.66 billion) for the year starting July 1, a

Pakistan budget sets big tax target ahead of IMF talks
Business|Economy

Accenture names insider Angie Park as new CFO

Accenture said on Tuesday that Angie Park, currently leading its Business and Commercial Finance division, will take on the role of the company's CFO on Dec. 1, replacing KC McClure.

Accenture names insider Angie Park as new CFO
Economy

ECB should wait with next rate move until uncertainty recedes, Lane says

The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief

ECB should wait with next rate move until uncertainty recedes, Lane says
Business|Economy

Multibillion-euro court battle over stranded Russian jets begins in Dublin

Some of

Multibillion-euro court battle over stranded Russian jets begins in Dublin
Business|Economy

Apple's AI push and the trouble with Europe

A look at the day ahead in U.S. and global markets by Amanda Cooper.

Apple's AI push and the trouble with Europe
Business|Economy

WeWork emerges from bankruptcy as CEO Tolley steps down

WeWork said on Tuesday David Tolley would step down as its CEO and director as the flexible workspace provider was set to emerge from Chapter 11 bankruptcy on the same day.

WeWork emerges from bankruptcy as CEO Tolley steps down
Business|Economy

Australia business conditions soften in May, cost pressures pick up

Australian business conditions eased further in May to below their long-run average as growth in sales and profits slowed, a survey showed on Tuesday, while cost pressures showed

Australia business conditions soften in May, cost pressures pick up
Business|Economy

China state-owned banks sold dollars as yuan fell to near seven-month low, sources say

China's major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market on Tuesday to prevent the local currency from falling too

China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
Business|Economy

Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters

Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp's 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum.

Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters
Business|Economy

Taiwan set to hold rates steady amid persistent inflation worries: Reuters poll

Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with persistent concerns over

Taiwan set to hold rates steady amid persistent inflation worries: Reuters poll
Business|Economy

Australia's Bapcor gets $1.2 billion offer from Bain Capital

Private equity firm Bain Capital has offered to buy Australia's Bapcor in a A$1.83 billion ($1.21 billion) deal, which analysts said could draw

Australia's Bapcor gets $1.2 billion offer from Bain Capital
Economy

ECB to hit inflation target despite data "noise" - Villeroy

The European Central Bank will bring inflation back to its 2% target by next year despite expected "noise" in monthly data this year, ECB policymaker Francois Villeroy de Galhau said

ECB to hit inflation target despite data "noise" - Villeroy
Business|Economy

UBS and Credit Suisse's Swiss units could merge by July 1, executive says

The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday.

UBS and Credit Suisse's Swiss units could merge by July 1, executive says
Economy

ECB could wait several meetings between rate cuts, Lagarde says

European Central Bank interest rates are not on a linear downwards path and policymakers could at times wait more than one meeting before cutting them again, ECB President

ECB could wait several meetings between rate cuts, Lagarde says
Business|Economy

Mexican banks exposed to public sector debt have room to maneuver, Fitch says

Mexican banks face risks from exposure to sovereign debt and debt from state entities, but have "sufficient ratings headroom" and can expect solid financial performance this

Mexican banks exposed to public sector debt have room to maneuver, Fitch says
Business|Economy

Rates and politics cast a shadow over markets

A look at the day ahead in European and global markets from Rae Wee Investors in Europe will begin the week mired in uncertainty over the global interest rate outlook and the region's political

Rates and politics cast a shadow over markets
Business|Economy

Aston Martin to raise UK workers' annual pay by 4%

British luxury carmaker Aston Martin said on Monday it would raise annual pay by 4% for more than 2,500 employees and contractors across its UK manufacturing sites and offices for 2024 and

Aston Martin to raise UK workers' annual pay by 4%
Economy

Euro zone investor morale rises more than expected in June

Investor morale in the euro zone rose for the eighth consecutive month in June, but economic recovery in the bloc is proceeding with difficulty, a survey showed on Monday.

Euro zone investor morale rises more than expected in June
Business|Economy

Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports

Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the airline's underperformance,

Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports
Business|Economy

UK job market on its way back after downturn, recruiters say

A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a recovery, an industry survey

UK job market on its way back after downturn, recruiters say
Economy

Saudi Arabia's Q1 GDP shrinks estimated 1.7% y/y

Saudi Arabia's real gross domestic product (GDP) in the first quarter shrank 1.7% from a year earlier, preliminary government data showed on Sunday, as a decline in oil activities

Saudi Arabia's Q1 GDP shrinks estimated 1.7% y/y
Business|Economy

ECB's Holzmann voices caution on rates outlook

It is too early to tell whether the European Central Bank has initiated a shift towards lower borrowing costs after it cut its benchmark interest rate this week, ECB policymaker Robert

ECB's Holzmann voices caution on rates outlook
Business|Economy

Nippon Steel executive saw positive reaction from U.S. Steel workers and others

Nippon Steel Vice Chairman Takahiro Mori met with U.S.

Nippon Steel executive saw positive reaction from U.S. Steel workers and others
Business|Economy

Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows

Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.

Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows

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