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

Latest From Reuters

Economy

Lebanon's reforms insufficient for recovery, IMF says

Lebanon's economic reforms are insufficient to help lift the country out of its economic crisis, the International Monetary Fund (IMF) said on Thursday.

Lebanon's reforms insufficient for recovery, IMF says
Business|Economy

Japan's factory activity expands for first time in a year, PMI shows

Japan's factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of weakness.

Japan's factory activity expands for first time in a year, PMI shows
Business|Economy

French private sector activity unexpectedly contracts in May, PMI shows

France's private sector unexpectedly shrank in May after expanding in April, with the dominant services industry joining manufacturing in reporting a contraction in activity, a

French private sector activity unexpectedly contracts in May, PMI shows
Business|Economy

German business activity grows for second straight month in May, PMI shows

German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday.

German business activity grows for second straight month in May, PMI shows
Economy

UAE economy grew 4.3% in fourth quarter of 2023

The United Arab Emirates' (UAE) economy grew 4.3% year-on-year in the fourth quarter of 2023, preliminary government data showed, with non-oil economic growth vastly outperforming

UAE economy grew 4.3% in fourth quarter of 2023
Business|Economy

Euro zone May business growth at year high, PMI shows

Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of

Euro zone May business growth at year high, PMI shows
Business|Economy

Europe's STOXX 600 ends flat as rate worries offset AI cheer

European stocks closed flat on Thursday as signs of improving economic activity prompted investors to scale back expectations for interest rate cuts

Europe's STOXX 600 ends flat as rate worries offset AI cheer
Business|Economy

German economy expected to stagnate this year, DIHK says

Germany's long-awaited economic recovery is not materialising and the euro zone's largest economy will only stagnate this year, the German chambers of commerce and industry (DIHK)

German economy expected to stagnate this year, DIHK says
Business|Economy

China Vanke granted $2.8 billion onshore syndicated loan facility

Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push

China Vanke granted $2.8 billion onshore syndicated loan facility
Business|Economy

German housing stagnates in 2023 amidst wider property crisis

German housing construction stagnated in 2023 as the number of apartments built fell slightly from the previous year as the wider property market suffers its worst crisis in a

German housing stagnates in 2023 amidst wider property crisis
Business|Economy

Bank of England allots latest record amount at short-term repo operation

The Bank of England allotted 16.245 billion pounds ($20.64 billion) of one-week funds in its short-term repo operation on Thursday, the largest usage of the facility since it

Bank of England allots latest record amount at short-term repo operation
Business|Economy

China push on company dividends should attract investment, regulator says

Government policies to encourage companies to pay more dividends should make China's stock market more attractive for overseas investors, a senior Chinese regulator said

China push on company dividends should attract investment, regulator says
Business|Economy

Goldman Sachs picks insiders to co-run German, Austrian investment banking

Goldman Sachs has chosen Jens Hofmann and Tibor Kossa, both working for the bank, as new co-heads of its Germany and Austria investment banking business, one of the top U.S. banks

Goldman Sachs picks insiders to co-run German, Austrian investment banking
Business|Economy

US auto sales set to modestly rise in May, report shows

New vehicle sales in the United States are projected to rise in May from a year earlier, helped by demand for crossover SUVs and pickup trucks, according to a joint report by industry

US auto sales set to modestly rise in May, report shows
Business|Economy

US business activity quickens in May; price pressures building up

U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods

US business activity quickens in May; price pressures building up
Business|Economy

Ralph Lauren sees annual revenue below estimates, names insider as CFO

Ralph Lauren on Thursday forecast annual revenue growth below market expectations despite beating quarterly results, as it grapples with subdued demand in the United

Ralph Lauren sees annual revenue below estimates, names insider as CFO
Economy

Euro zone consumer confidence rises to -14.3 in May

Euro zone consumer confidence rose by 0.4 points in May from the April number, figures released on Thursday showed.

Euro zone consumer confidence rises to -14.3 in May
Business|Economy

Ahold Delhaize bets on AI and digital to boost earnings and savings

Supermarket group Ahold Delhaize expects to grow underlying earnings and boost savings over the 2025-2028 period, it said on Thursday, helped by higher

Ahold Delhaize bets on AI and digital to boost earnings and savings
Business|Economy

North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags

VF Corp posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear

North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
Economy

Argentina's economic activity down 8.4% in March, biggest drop since 2020

Argentina's economic activity fell 8.4% in March from a year earlier, the country's official statistics agency said on Wednesday, its fifth monthly drop in a row and the

Argentina's economic activity down 8.4% in March, biggest drop since 2020
Business|Economy

DuPont to split into three companies, replaces CEO Ed Breen

DuPont said on Wednesday it will split into three publicly traded companies, sending its shares up 5% after the bell as it joins a slew of U.S. conglomerates looking to unlock value and

DuPont to split into three companies, replaces CEO Ed Breen
Business|Economy

Walmart to invest $700 million in Guatemala over 5 years

Walmart plans to invest some $700 million in Guatemala over the next five years, the company's Central America head said on Wednesday.

Walmart to invest $700 million in Guatemala over 5 years
Business|Economy

Walgreens further cuts stake in drug distributor Cencora

Walgreens Boots Alliance sold $400 million worth of shares in drug distributor Cencora back to the company, further lowering its stake to about 12% from about 13%, the companies said on

Walgreens further cuts stake in drug distributor Cencora
Business|Economy

China's local govt bodies ask Evergrande EV unit to return $262.4 million subsidies

China Evergrande New Energy Vehicle said on Wednesday its unit had received a letter from the country's local administrative bodies demanding repayment of 1.9 billion yuan ($262.42 million)

China's local govt bodies ask Evergrande EV unit to return $262.4 million subsidies
Business|Economy

BoE June rate cut less likely after inflation data, say brokerages

Goldman Sachs, Barclays and Morgan Stanley said on Wednesday that a June rate cut from the Bank of England (BoE) now seems less likely, following a smaller-than-expected drop in British

BoE June rate cut less likely after inflation data, say brokerages

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