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

Latest From Reuters

Economy

Global equity funds see strong weekly inflows on U.S. rate cut hopes

Global equity funds secured robust inflows in the week ended May 22, driven by optimism over slowing inflation and expectations of U.S.

Global equity funds see strong weekly inflows on U.S. rate cut hopes
Business|Economy

Fed fears overwhelm AI theme, gold recoils

A look at the day ahead in U.S. and global markets from Mike Dolan And then there was one.

Fed fears overwhelm AI theme, gold recoils
Economy

IMF, Pakistan make significant progress on new loan, IMF mission says

An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender

IMF, Pakistan make significant progress on new loan, IMF mission says
Economy

US's Yellen expresses concern over rising living costs, FT says

U.S. Treasury Secretary Janet Yellen expressed concern over substantial increases in living costs, the Financial Times said on Friday.

US's Yellen expresses concern over rising living costs, FT says
Business|Economy

Rates frustration spoils markets' Friday mood

A look at the day ahead in European and global markets from Ankur Banerjee The cheer from Wall Street darling Nvidia's strong results didn't last long as fears that interest rates would stay higher

Rates frustration spoils markets' Friday mood
Business|Economy

Citigroup asks 600 staffers to return to office full-time

Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said on Friday as regulatory requirements make it hard for Wall Street banks

Citigroup asks 600 staffers to return to office full-time
Business|Economy

US equity funds see massive weekly inflows on rate cut expectations

U.S. equity funds secured substantial inflows in the week ended May 22, buoyed by expectations that the U.S.

US equity funds see massive weekly inflows on rate cut expectations
Business|Economy

TotalEnergies says it is examining cross-listing shares in U.S

TotalEnergies said on Friday that it is studying plans to cross-list its shares in the United States, while also keeping its shares on the Euronext stock exchange.

TotalEnergies says it is examining cross-listing shares in U.S
Business|Economy

Canada March retail sales down 0.2% as spending falls across sectors

Canada's retail sales contracted for a third consecutive month, missing expectations, data showed on Friday, underscoring the softness in economic growth and

Canada March retail sales down 0.2% as spending falls across sectors
Business|Economy

Brazil's Petrobras approves Chambriard as new CEO

Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new chief executive

Brazil's Petrobras approves Chambriard as new CEO
Business|Economy

Walmart, Capital One end consumer credit card agreement

Capital One Financial will no longer be the exclusive issuer of Walmart-branded credit cards, the companies said on Friday, as they scrapped their agreement following disputes.

Walmart, Capital One end consumer credit card agreement
Business|Economy

FedEx reinstates services in Ukraine after two-year suspension

Parcel delivery firm FedEx Corp said on Friday that it has reinstated international priority inbound and outbound services in Ukraine.

FedEx reinstates services in Ukraine after two-year suspension
Business|Economy

JPMorgan to pay $100 million over CFTC trade reporting violations

JPMorgan Chase & Co will pay $100 million and admit it broke U.S. Commodity Futures Trading Commission rules in connection with trade reporting lapses, the regulator said on Thursday.

JPMorgan to pay $100 million over CFTC trade reporting violations
Business|Economy

Some of the biggest splits in Corporate America

Chemical maker DuPont has become the latest multinational to break up its business, announcing a plan to split the firm into three publicly traded companies.

Some of the biggest splits in Corporate America
Business|Economy

Ahold Delhaize to close underperforming US Stop & Shop stores

Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year.

Ahold Delhaize to close underperforming US Stop & Shop stores
Business|Economy

TD Bank tops profit, says US still key market as anti-money laundering probe drags

TD Bank on Thursday reported better-than-expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S

TD Bank tops profit, says US still key market as anti-money laundering probe drags
Business|Economy|Environment

Orsted receives $650 million tax equity financing from J.P. Morgan

Danish company Orsted has secured an investment of $680 million in tax equity financing from J.P.

Orsted receives $650 million tax equity financing from J.P. Morgan
Business|Economy

Tesla investor Scottish Mortgage to back Musk's $56 billion pay package

Tesla investor Scottish Mortgage Investment trust said on Thursday it plans to continue backing CEO Elon Musk's $56 billion pay package at its annual shareholder meeting next month.

Tesla investor Scottish Mortgage to back Musk's $56 billion pay package
Business|Economy

Boeing's cash flow situation is worse than expectations, S&P analyst says

Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.

Boeing's cash flow situation is worse than expectations, S&P analyst says
Business|Economy

Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says

Wall Street titan Goldman Sachs has received a license to set up its regional headquarters in Saudi Arabia's Riyadh, according to a person familiar with the matter.

Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says
Business|Economy

Russia's Nornickel plans to build a PGMs refinery in Bahrain, source says

Russian metals giant Nornickel plans a joint project for construction of a platinum group metals (PGMs) refinery in Bahrain, a source familiar with the matter told Reuters on

Russia's Nornickel plans to build a PGMs refinery in Bahrain, source says
Business|Economy

Ross Stores beats quarterly estimates on steady demand for discounted products

Ross Stores on Thursday posted first-quarter results above Wall Street estimates and raised its annual profit forecast, as shoppers pivot to off-price retailers prompted by sticky

Ross Stores beats quarterly estimates on steady demand for discounted products
Business|Economy

New Zealand Finance Minister says government deficit set to widen in 2024-25

New Zealand's deficit is expected to worsen in the coming year as the economic outlook has deteriorated, finance minister Nicola Willis warned in a speech on

New Zealand Finance Minister says government deficit set to widen in 2024-25
Business|Economy

PMIs to lead as central banks wait on rates

A look at the day ahead in European and global markets from Rae Wee Flash Purchasing Managers Index (PMI) figures in the euro zone, the UK and the United States take centre stage on Thursday, and

PMIs to lead as central banks wait on rates
Economy

Singapore April core inflation at 3.1% y/y, matching forecasts

Singapore's key consumer price gauge rose 3.1% in April on a yearly basis, in line with economists' forecasts, official data showed on Thursday.

Singapore April core inflation at 3.1% y/y, matching forecasts

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