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

Latest From Reuters

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
Business|Economy

Vulcan rejects Mexico's 'illegal expropriation' of its investments

U.S. construction company Vulcan Materials on Monday rejected what it considers the "illegal expropriation" of its investments in Mexico and said it remains open to a

Vulcan rejects Mexico's 'illegal expropriation' of its investments
Business|Economy

Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection

Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2

Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection
Business|Economy

Bank of Israel's statement after monetary policy meeting

The Bank of Israel held interest rates steady on Monday for the third straight meeting following the re-emergence of price pressures.

Bank of Israel's statement after monetary policy meeting
Economy

Brazil inflation expectations to improve over time, says central bank chief

Brazil's central bank chief Roberto Campos Neto said on Monday that policymakers believe inflation expectations should stabilize and improve over time, after recently citing concerns about

Brazil inflation expectations to improve over time, says central bank chief
Business|Economy

Japan's business service prices rise at fastest annual pace since March 2015

Japanese corporate services prices in April rose at their fastest pace since early 2015, Bank of Japan data showed on Tuesday, boosted by labour costs in the services sector in a

Japan's business service prices rise at fastest annual pace since March 2015
Business|Economy

UBS rules out external successor to Ermotti as CEO, FT reports

UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, and plans to choose from a shortlist of three internal candidates when he steps down in about three years,

UBS rules out external successor to Ermotti as CEO, FT reports
Business|Economy

European shares end holiday-affected session higher as bond yields ease

European stocks closed slightly higher on Monday and government bond yields eased, amidst hints of upcoming interest rate cuts by the European Central

European shares end holiday-affected session higher as bond yields ease
Economy

ECB has room to cut rates but should take its time, policymakers say

The European Central Bank has room to cut interest rates as inflation slows but must take its time in easing policy, even if the direction of travel is already clear, key policymakers said

ECB has room to cut rates but should take its time, policymakers say
Business|Economy

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1

Profits at China's industrial firms rose 4.3% in the first four months from the same period last year, official data showed on Monday.

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1
Business|Economy

Dollar firm ahead of global inflation data

The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and

Dollar firm ahead of global inflation data
Business|Economy

Shares of China Evergrande's EV unit soar after liquidators' stake sale deal

Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to

Shares of China Evergrande's EV unit soar after liquidators' stake sale deal
Business|Economy

Chinese property developer Kaisa's liquidation hearing adjourned

A Hong Kong court on Monday adjourned a hearing on a petition seeking the liquidation of Kaisa Group until June 24, giving the embattled Chinese developer some respite

Chinese property developer Kaisa's liquidation hearing adjourned
Economy

Ueda says BOJ will proceed cautiously with inflation targeting frameworks

The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are "uniquely difficult" for Japan

Ueda says BOJ will proceed cautiously with inflation targeting frameworks
Business|Economy

BlackRock encouraged Anglo to extend talks with BHP, source says

Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion)

BlackRock encouraged Anglo to extend talks with BHP, source says
Economy

G7 reaffirms warning against excess currency volatility in nod to Japan

Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves,

G7 reaffirms warning against excess currency volatility in nod to Japan
Economy

ECB's Panetta says consensus growing on need for rate cut

There is growing consensus within the European Central Bank over the need for a first rate cut as inflation is diminishing, creating the conditions to ease its monetary

ECB's Panetta says consensus growing on need for rate cut
Business|Economy

Sweden's SBB sets up another joint venture with Castlelake to tackle debt

SBB said on Saturday it is forming a joint venture with U.S.-based private credit firm Castlelake, its second in about three months, which will help ease the Swedish real estate group's

Sweden's SBB sets up another joint venture with Castlelake to tackle debt
Business|Economy

Julius Baer considering potential takeover of Swiss rival EFG, Bloomberg News reports

Switzerland's private banking group Julius Baer is exploring a potential acquisition of rival EFG International, Bloomberg News reported on Friday, citing people familiar with the matter.

Julius Baer considering potential takeover of Swiss rival EFG, Bloomberg News reports
Economy

Japan issues fresh warning on yen drops, signals readiness to intervene

Japan stands ready to take appropriate action in the market "any time" to counter excessive moves in the yen, its top currency diplomat Masato Kanda said on

Japan issues fresh warning on yen drops, signals readiness to intervene
Business|Economy

Danske Bank and Barclays chop ECB rate cut forecasts

Danske Bank said on Friday it expects the European Central Bank only to cut interest rates twice this year, not three times, while Barclays also scrapped a call for a July reduction

Danske Bank and Barclays chop ECB rate cut forecasts
Business|Economy

TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes

Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder votes, according to the

TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes
Business|Economy

GameStop surges after fetching $933 million from stock sale

GameStop made nearly $933.4 million by selling 45 million shares, the struggling videogame retailer said on Friday, sending its shares up more than 12% after the bell.

GameStop surges after fetching $933 million from stock sale

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