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

Latest From Reuters

Business|Economy

Toyota's global volumes fall in April, led by drops in China and Japan

Toyota Motor's April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and

Toyota's global volumes fall in April, led by drops in China and Japan
Business|Economy

Biding time before the data dump

A look at the day ahead in European and global markets from Rae Wee The lack of fresh market moving catalysts on Thursday meant that the higher-for-longer rates narrative was here to stay, at least

Biding time before the data dump
Business|Economy

Walmart says customers overcharged at some US stores due to technical issue

Walmart said on Wednesday that a technical issue in mid-March resulted in the retailer overcharging customers at some stores in the United States.

Walmart says customers overcharged at some US stores due to technical issue
Business|Economy

Argentina market analysts see chance of another rate cut

Argentine analysts expect the country's central bank to again cut its benchmark interest rate following a bond tender set for Wednesday that is worth billions of dollars and

Argentina market analysts see chance of another rate cut
Business|Economy

US firms grow more pessimistic on economic outlook, Fed survey shows

U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation

US firms grow more pessimistic on economic outlook, Fed survey shows
Business|Economy|Environment

Chevron shareholders re-elect all directors, CEO confident on Hess deal

Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53

Chevron shareholders re-elect all directors, CEO confident on Hess deal
Business|Economy

American Eagle misses quarterly sales estimates on cautious consumer spending

American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at

American Eagle misses quarterly sales estimates on cautious consumer spending
Business|Economy

Musk's $56 billion pay package opposed by CalPERS, CNBC reports

California Public Employees' Retirement System's (CalPERS) CEO, Marcie Frost, said the agency plans to oppose Tesla Chief Executive Elon Musk's $56 billion pay package, CNBC reported on

Musk's $56 billion pay package opposed by CalPERS, CNBC reports
Economy

Fed in a bind as consumers stay upbeat

A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost four weeks, as

Fed in a bind as consumers stay upbeat
Business|Economy

Wall St drops as rate worries push bond yields higher

Wall Street opened lower on Wednesday, with investors turning risk averse as concerns around the timing and scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher

Wall St drops as rate worries push bond yields higher
Business|Economy

Goldman Sachs raises more than $20 billion for direct lending

Goldman Sachs Asset Management's alternative investments platform said on Wednesday its latest fund had raised more than $20 billion for senior direct lending.

Goldman Sachs raises more than $20 billion for direct lending
Business|Economy

Thai central bank says rates could change if economic outlook shifts

Thailand's central bank could adjust interest rates if the outlook for the economy and inflation changes, but rates are not a key factor for boosting the economy, a deputy governor

Thai central bank says rates could change if economic outlook shifts
Business|Economy

BHP walks away from $49 billion takeover offer for Anglo American

BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American, walking away from its $49 billion takeover deal, after the London-listed rival refused to extend

BHP walks away from $49 billion takeover offer for Anglo American
Economy

Inflation up in three German states, pointing to slight national rise

Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth

Inflation up in three German states, pointing to slight national rise
Business|Economy

National Bank of Canada's profit rises on wealth management, markets strength

National Bank of Canada reported a rise in second-quarter net profit on Wednesday, helped by strong performance in its wealth management and financial markets units.

National Bank of Canada's profit rises on wealth management, markets strength
Business|Economy

Canada's BMO profit misses on higher loan loss provisions; shares sink

Bank of Montreal on Wednesday reported weaker-than-expected quarterly profit, hurt by higher loan loss provisions, and it warned that fewer central

Canada's BMO profit misses on higher loan loss provisions; shares sink
Business|Economy

American Airlines CEO vows a reset as downbeat outlook sinks shares

American Airlines CEO Robert Isom on Wednesday promised a reset of the carrier's sales and distribution strategy after the carrier

American Airlines CEO vows a reset as downbeat outlook sinks shares
Business|Economy

Aethon Energy to buy Tellurian upstream assets for $260 million

Aethon Energy said on Wednesday it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of

Aethon Energy to buy Tellurian upstream assets for $260 million
Business|Economy

HSBC completes sale of Russian unit to Expobank

HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.

HSBC completes sale of Russian unit to Expobank
Business|Economy

Abercrombie & Fitch shares soar as trendy styles help drive annual sales forecast raise

Abercrombie & Fitch raised annual sales growth forecast and posted a better-than-expected first quarter on Wednesday, expecting new and on-trend apparel and

Abercrombie & Fitch shares soar as trendy styles help drive annual sales forecast raise
Economy

Global unemployment to slightly fall in 2024, UN labour body says

The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as inequalities in labour markets persist, the International Labour

Global unemployment to slightly fall in 2024, UN labour body says
Business|Economy

Trading app Robinhood unveils maiden stock buyback plan of $1 billion

Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.

Trading app Robinhood unveils maiden stock buyback plan of $1 billion
Economy

IMF upgrades China's 2024, 2025 GDP growth forecasts but warns of risks ahead

China's economy is set to grow 5% this year, after a "strong" first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6%

IMF upgrades China's 2024, 2025 GDP growth forecasts but warns of risks ahead
Business|Economy

Soaring yields sour sentiment

A look at the day ahead in European and global markets from Kevin Buckland Soaring bond yields continued to unnerve equity investors on Wednesday, with benchmark U.S.

Soaring yields sour sentiment
Business|Economy

American Airlines cuts second-quarter profit forecast

American Airlines on Tuesday cut its second-quarter profit forecast on weaker pricing power, sending its shares of down about 8% in aftermarket

American Airlines cuts second-quarter profit forecast

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