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

Latest From Reuters

Business|Economy

Amid merger speculation, Brazilian airline Gol parent talks with Azul

The parent company of Brazilian airline Gol

Amid merger speculation, Brazilian airline Gol parent talks with Azul
Business|Economy

Campbell to cut 415 jobs as it restructures its manufacturing plants

Campbell Soup on Tuesday said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts.

Campbell to cut 415 jobs as it restructures its manufacturing plants
Economy|Environment

Climate change to have long-term economic impact: SF Fed paper

An increase in the number of hot days as climate change warms the globe would likely damage the U.S. economy over the long-term, according to research published on Tuesday by

Climate change to have long-term economic impact: SF Fed paper
Business|Economy

Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter

Siemens Energy's wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit's Chief Executive Jochen Eickholt said in an internal

Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter
Business|Economy

Post-break Wall Street stays pumped up

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set for a sleepy but positive start to a shortened week after Monday's Memorial Day break, with the consumer back

Post-break Wall Street stays pumped up
Business|Economy

UBS lifts S&P 500's year-end target to Street high of 5,600

UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages.

UBS lifts S&P 500's year-end target to Street high of 5,600
Business|Economy

Sabadell pursues retail investors after BBVA bid turns hostile

Spain's Sabadell has told its retail shareholders the bank has "excellent prospects" alone and that they may not need to make a decision about BBVA's 12.23 billion

Sabadell pursues retail investors after BBVA bid turns hostile
Economy

Euro zone consumers lower inflation expectation, ECB survey shows

Euro zone consumers lowered their inflation expectations last month, a fresh European Central Bank survey showed on Tuesday, just as the bank was making plans to start rolling

Euro zone consumers lower inflation expectation, ECB survey shows
Business|Economy

UK shop price growth back to normal, retailers say

Prices in British shops rose at the slowest pace in 2-1/2 years this month, according to the British Retail Consortium which said the rate of inflation in the sector was back to

UK shop price growth back to normal, retailers say
Business|Economy

Meme stock GameStop climbs after raising $933 million in share sales

GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month.

Meme stock GameStop climbs after raising $933 million in share sales
Business|Economy

Proxy firms Glass Lewis, ISS recommend vote against Toyota chairman

Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese

Proxy firms Glass Lewis, ISS recommend vote against Toyota chairman
Economy

ECB to focus on quarterly meetings with slow, gradual rate cuts, Knot says

The European Central Bank can gradually reduce interest rates given the decline in inflation, and decisions on future cuts could centre around quarterly meetings with new economic

ECB to focus on quarterly meetings with slow, gradual rate cuts, Knot says
Business|Economy

T-Mobile to buy US Cellular's wireless operations in $4.4 billion deal

T-Mobile will buy almost all of regional carrier United States Cellular's wireless operations including customers, stores and 30% of its spectrum assets in a deal valued at $4.4 billion,

T-Mobile to buy US Cellular's wireless operations in $4.4 billion deal
Business|Economy

China Evergrande's liquidators seek investors for restructuring

Property firm China Evergrande Group said on Tuesday its liquidators have made only "modest realisations" of the company's assets and were now seeking investors for restructuring.

China Evergrande's liquidators seek investors for restructuring
Business|Economy

Adam Neumann ends bid to buy WeWork, NYT Dealbook reports

Adam Neumann has ended his bid to re-acquire WeWork as the coworking business he co-founded has chosen to emerge from bankruptcy with an "unrealistic" plan, he told the New York Times

Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
Business|Economy

Members Exchange resolves tech issue that delayed premarket trading

Exchange operator Members Exchange (MEMX), backed by some of the biggest Wall Street firms, said it has resolved a technical issue that delayed the start of its pre-market trading session

Members Exchange resolves tech issue that delayed premarket trading
Business|Economy

Wall Street ushers in new era of faster trade settlement

U.S. trading moved to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial market but may temporarily lead to a

Wall Street ushers in new era of faster trade settlement
Business|Economy

ECB revamps its annual health checks on banks

The European Central Bank is streamlining its health checks on the euro zone's banks, allowing it to train its focus on pressing lapses and get tough on laggards.

ECB revamps its annual health checks on banks
Business|Economy

Fed's Mester: Fed statements would benefit from some added length

Federal Reserve policy statements would benefit from somewhat lengthier passages than currently employed to describe assessments of economic developments, how that influences the central

Fed's Mester: Fed statements would benefit from some added length
Economy

Inflation expectations

A look at the day ahead in European and global markets from Tom Westbrook The European Central Bank publishes inflation expectation surveys on Tuesday, which along with policymaker speeches are the

Inflation expectations
Business|Economy

Thai economy to expand 2.5% this year, finance minister says

Thailand's economy is expected to grow 2.5% this year, but should be expanding at least 3.5% annually, its finance minister Pichai Chunhavajira said on Monday.

Thai economy to expand 2.5% this year, finance minister says
Business|Economy

Shanghai lowers home downpayments, eases buying curbs

China's commercial hub Shanghai has lowered the minimum downpayment ratios for home buyers and relaxed some home purchase restrictions, after the country lowered the national level

Shanghai lowers home downpayments, eases buying curbs
Business|Economy

China's property stimulus raises risks for banks in smaller cities, S&P Global says

China's latest steps to revive its struggling property market could pose risks to banks operating in lower-tier cities, S&P Global said on Monday.

China's property stimulus raises risks for banks in smaller cities, S&P Global says
Economy

ECB has significant room for rate cuts - Villeroy

The European Central Bank has plenty of room for rate cuts and current market expectations for easing over the long-run are reasonable, ECB policymaker Francois Villeroy de Galhau

ECB has significant room for rate cuts - Villeroy
Economy

ECB's Lane says cuts will depend on underlying inflation, demand

The European Central Bank will cut interest rates at a slower or faster pace depending on the strength of underlying inflation and demand, ECB chief economist Philip Lane said on

ECB's Lane says cuts will depend on underlying inflation, demand

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