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

Latest From Reuters

Business|Economy

Maersk raises 2024 guidance on strong demand, Red Sea disruptions

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red

Maersk raises 2024 guidance on strong demand, Red Sea disruptions
Business|Economy

US factory activity, construction spending both fall

U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, and spending on construction projects slipped

US factory activity, construction spending both fall
Business|Economy

US construction spending slips again in April

U.S. construction spending fell unexpectedly for a second consecutive month in April on declines in non-residential activity, though outlays for single-family home building climbed to the

US construction spending slips again in April
Business|Economy

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO

Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices,

Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO
Economy

Indonesia's inflation rate cools in May, comes in below forecast

Indonesia's annual inflation rate eased more than expected in May, data from the statistics bureau showed on Monday, remaining within the central bank's 1.5% to 3.5% target range.

Indonesia's inflation rate cools in May, comes in below forecast
Business|Economy

Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports

Blackstone will sweeten its offer for Hipgnosis Songs Fund by a cent to $1.31 from $1.30 as part of a revised bid that would value the firm at nearly at $1.6 billion, the Financial Times

Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports
Business|Economy

Downturn in German manufacturing may be bottoming out, PMI shows

The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined

Downturn in German manufacturing may be bottoming out, PMI shows
Economy

Turkey inflation hits 75% in expected peak before relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to

Turkey inflation hits 75% in expected peak before relief
Business|Economy

Maersk faces significant port congestion in Asia, Mediterranean

Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on

Maersk faces significant port congestion in Asia, Mediterranean
Business|Economy

UK factories return to growth, prices rise by most in a year, PMI shows

British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the

UK factories return to growth, prices rise by most in a year, PMI shows
Economy

Pakistan inflation slows to 11.8% in May, lowest in 30 months

Pakistan's consumer price index (CPI) in May rose 11.8% from a year earlier, data from the Pakistan Bureau of Statistics showed on Monday, the lowest reading in 30 months and

Pakistan inflation slows to 11.8% in May, lowest in 30 months
Business|Economy

Euro zone manufacturing sees potential signs of recovery in May, PMI shows

The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years,

Euro zone manufacturing sees potential signs of recovery in May, PMI shows
Business|Economy

Indonesia cenbank says no outright RRR cut as it expands loan incentive scheme

Bank Indonesia (BI) is not looking at an across-the-board cut in the reserve requirement ratio (RRR) for banks even as it expands a scheme offering relief for lending to certain

Indonesia cenbank says no outright RRR cut as it expands loan incentive scheme
Business|Economy

Russia's factory activity continues to expand in May, PMI shows

Activity in Russia's manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up.

Russia's factory activity continues to expand in May, PMI shows
Business|Economy

Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports

Skydance Media last week revised its offer for Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday citing

Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports
Business|Economy

Japan's May factory activity expands for first time in a year, PMI shows

Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a

Japan's May factory activity expands for first time in a year, PMI shows
Business|Economy

Fashion firm Shein to file 50 billion pound London IPO prospectus, Sky reports

Online fashion firm Shein is preparing to file a prospectus with Britain's Financial Conduct Authority for approval ahead of a potential London float which could value it around 50 billion

Fashion firm Shein to file 50 billion pound London IPO prospectus, Sky reports
Economy

Egypt's economy likely to grow by 4.2% next year, says minister

Planning Minister Hala al-Saeed predicted Egypt's economy would grow by 2.9% or 3% in the financial year to end-June before accelerating to 4.2% in 2024/25, according to a ministry

Egypt's economy likely to grow by 4.2% next year, says minister
Business|Economy

Japan's Q1 capex rises, suggesting upward revision to poor GDP

Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting the

Japan's Q1 capex rises, suggesting upward revision to poor GDP
Business|Economy

China's manufacturing surges, Caixin PMI shows, but global risks grow

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday,

China's manufacturing surges, Caixin PMI shows, but global risks grow
Economy

Australia lifts minimum wage as families grapple with higher living costs

Australia's independent wage-setting body on Monday raised the national minimum wage by 3.75%, largely in line with inflation, as families tackle soaring living costs.

Australia lifts minimum wage as families grapple with higher living costs
Business|Economy

Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports

Qatar Airways PJSC is nearing a decision on a major widebody order split between Boeing and Airbus, Bloomberg News reported on Sunday, citing people familiar with the matter.

Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports
Economy

Australia home prices continue to climb, Sydney back at record high

Australian home prices climbed at a brisk pace in May, posting the largest monthly gain since October, as a sustained squeeze on supply of affordable homes in most major capital

Australia home prices continue to climb, Sydney back at record high
Economy

Peru inflation eases in May for second straight month

Peru's monthly inflation rate slowed for the second month in a row May to 0.09%, bringing annual inflation down to its lowest level in three years, according to data published on

Peru inflation eases in May for second straight month
Business|Economy

Russia eases forex sales requirements for contracts in roubles

The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles,

Russia eases forex sales requirements for contracts in roubles

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