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

Latest From Reuters

Business|Economy

South Korea exports rise for eighth month, growth slows slightly

South Korea's exports rose for an eighth straight month in May, led by robust chip sales though overall growth in shipments lagged market expectations, trade data showed on Saturday.

South Korea exports rise for eighth month, growth slows slightly
Economy

UK public's 12-month inflation outlook falls to 3.1% -Citi/YouGov

The British public's expectations for inflation over the next year fell to 3.1% in May, the lowest level since July 2021, a monthly Citi/YouGov survey said on Friday.

UK public's 12-month inflation outlook falls to 3.1% -Citi/YouGov
Business|Economy

Agency approves plan to hike US stamp prices to 73 cents

A request by the U.S. Postal Service (USPS) to raise prices of first-class mail stamps to 73 cents from 68 cents effective July 14 has been approved, regulators said Friday.

Agency approves plan to hike US stamp prices to 73 cents
Business|Economy

Fitch lowers Boeing 2024 aircraft delivery, cash flow forecasts

Fitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-

Fitch lowers Boeing 2024 aircraft delivery, cash flow forecasts
Business|Economy

Striking Canadian Safran workers make new offer to avert lengthy walkout, union says

Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a union

Striking Canadian Safran workers make new offer to avert lengthy walkout, union says
Business|Economy

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve

US equity funds hit by outflows on rising yields, rates uncertainty
Business|Economy

Restrictions on UniCredit eased in Russian lawsuit

A Russian court has eased restrictions imposed on UniCredit in a lawsuit over an aborted gas project, on Friday permitting the Italian lender to offer Russian sovereign bond

Restrictions on UniCredit eased in Russian lawsuit
Business|Economy

How Credit Suisse evolved until its merger with UBS

Following is a timeline outlining the 168-year history of Credit Suisse Group, the Zurich-based bank that was formally absorbed on Friday by Swiss rival UBS after a 3 billion franc

How Credit Suisse evolved until its merger with UBS
Economy

April PCE inflation not too hot, or cool

U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on

April PCE inflation not too hot, or cool
Business|Economy

Wall Street trade failure rate rise in third day of faster settlement

The U.S. trade failure rate rose on Thursday, the fourth day of the newly launched faster settlement cycle, according to data released by the Depository Trust and Clearing

Wall Street trade failure rate rise in third day of faster settlement
Economy

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says

Pakistan's Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%.

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says
Economy

Turkish economy expands 5.7% in first quarter on strong domestic demand

Turkey's economy grew 5.7% in the first quarter, in line with expectations, official data showed on Friday, driven by strong domestic demand.

Turkish economy expands 5.7% in first quarter on strong domestic demand
Business|Economy

Hong Kong April retail sales tumble 14.7% amid changing consumption pattern

Hong Kong's April retail sales fell 14.7% from a year earlier, partly due to a drop in visitor spending and a surge in outbound trips during the Easter holidays, government data

Hong Kong April retail sales tumble 14.7% amid changing consumption pattern
Business|Economy

German retail sales fall more than expected in April

German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe's

German retail sales fall more than expected in April
Business|Economy

UBS reaches milestone in Credit Suisse absorption as parent companies merge

UBS on Friday completed the merger of the main parent companies of the Swiss bank and Credit Suisse, which it acquired last year after its longtime rival collapsed, putting an end

UBS reaches milestone in Credit Suisse absorption as parent companies merge
Business|Economy

Deutsche Bank sees slightly lower fixed income revenue in Q2

Deutsche Bank expects a slight decline in its fixed-income business this quarter, but still sees overall revenue of 30 billion euros ($32.56 billion) in 2024, the chief financial

Deutsche Bank sees slightly lower fixed income revenue in Q2
Economy

Euro zone inflation rises in fresh signal for ECB caution

Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to reach its goal of fully

Euro zone inflation rises in fresh signal for ECB caution
Business|Economy

PCE test for nervy markets

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set to end the shortened week slightly punch drunk, with Friday's May inflation update set to be a decider after a

PCE test for nervy markets
Business|Economy

Global equity funds record first outflows in five weeks amid rising U.S. yields

Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S.

Global equity funds record first outflows in five weeks amid rising U.S. yields
Economy

Japan's household spending seen rising for first time in 14 months: Reuters poll

Japan is expected to post its first year-on-year rise in household spending in 14 months, a Reuters poll showed on Friday, although the tepid growth is likely to highlight persistent

Japan's household spending seen rising for first time in 14 months: Reuters poll
Business|Economy

Consumers curb US economic growth in first quarter, inflation cools

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending and a key measure of inflation ticked down

Consumers curb US economic growth in first quarter, inflation cools
Business|Economy

Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2

Bank of America's investment banking fees are expected to rise 10% to 15% in the second quarter from a year earlier, CEO Brian Moynihan said on Thursday, after an almost two-year

Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
Business|Economy

Saudi Arabia to sell 0.64% Aramco stake

Saudi Arabia is selling a 0.64% stake in oil giant Aramco as the kingdom pushes ahead with Crown Prince Mohammed bin Salman's plan to diversify the economy.

Saudi Arabia to sell 0.64% Aramco stake
Business|Economy

Rosneft says Q1 net income more than doubled to $4.4 billion from Q4

Russia's largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to 399

Rosneft says Q1 net income more than doubled to $4.4 billion from Q4
Business|Economy

Failed Wall Street trades rate roughly stable under faster settlement

The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday's

Failed Wall Street trades rate roughly stable under faster settlement

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