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

Latest From Reuters

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
Business|Economy

Hertz exploring options to raise financing, Bloomberg News reports

Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported,

Hertz exploring options to raise financing, Bloomberg News reports
Business|Economy

Foreigners pull money out of EM portfolios after five months of inflows

Foreigners pulled money out of their emerging market portfolios in April on concerns of a tighter monetary policy path in the U.S., with outflows from stocks in India and

Foreigners pull money out of EM portfolios after five months of inflows
Business|Economy

WestJet Encore reaches tentative agreement with pilots

WestJet Encore has reached a tentative agreement with its pilots union over a new contract, the labor group said on Thursday, averting a strike at the Canadian regional carrier.

WestJet Encore reaches tentative agreement with pilots
Economy

Fed's Logan: inflation heading to 2%, too soon to cut rates

Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed's 2% target, although she can imagine "other paths" that

Fed's Logan: inflation heading to 2%, too soon to cut rates
Business|Economy

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar

Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar
Business|Economy

UK business optimism hits eight-year high, Lloyds says

British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a

UK business optimism hits eight-year high, Lloyds says
Business|Economy

Agitated markets wary of June heat

A look at the day ahead in U.S. and global markets from Mike Dolan This week's bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election

Agitated markets wary of June heat
Business|Economy

China mulls record fine for PwC over Evergrande auditing, Bloomberg News reports

China is weighing a record fine for PricewaterhouseCoopers LLP (PwC) and suspending some of the auditor's local operations over its role in auditing troubled property developer China

China mulls record fine for PwC over Evergrande auditing, Bloomberg News reports
Business|Economy

How BHP's failed six-week pursuit of Anglo American unfolded

-Miner BHP Group walked away from its $49 billion plan to take over rival Anglo American on Wednesday after its last-ditch request for more time was rejected by the London-listed company,

How BHP's failed six-week pursuit of Anglo American unfolded
Business|Economy

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut

Department store chain Kohl's cut its annual sales and profit forecasts after posting a surprise quarterly loss on weaker consumer demand for its apparel and footwear

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut
Business|Economy

UBS shake-up reshuffles potential Ermotti successors

UBS on Thursday announced a shake-up of its senior management, splitting its top wealth role between two executives who are both seen as potential successors to CEO Sergio

UBS shake-up reshuffles potential Ermotti successors
Business|Economy

US Steel, Nippon Steel receive all non-US approvals for merger

U.S. Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.

US Steel, Nippon Steel receive all non-US approvals for merger
Business|Economy

Dollar General says consumer spending to be pressured through 2024

Dollar General warned on Thursday that customers would remain price sensitive throughout the year, hurting demand for its more profitable discretionary items, at a time

Dollar General says consumer spending to be pressured through 2024
Business|Economy

Thai April factory output unexpectedly rises for first time in 19 months

Thailand's manufacturing production index unexpectedly rose 3.43% in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism,

Thai April factory output unexpectedly rises for first time in 19 months

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