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

Latest From Reuters

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
Business|Economy|Entertainment

Disney strikes deal to sell stake in India's Tata Play, Bloomberg News reports

Walt Disney has struck a deal to sell its stake in Tata Play, valuing Indian conglomerate Tata Group's satellite TV provider at about $1 billion, Bloomberg News reported on

Disney strikes deal to sell stake in India's Tata Play, Bloomberg News reports
Business|Economy

Petrobras says antitrust watchdog agreed to free company from asset sales

Brazilian state-run oil firm Petrobras said on Wednesday the country's antitrust regulator Cade approved the new terms of an agreement that will free up the company from selling

Petrobras says antitrust watchdog agreed to free company from asset sales
Business|Economy

China should hike tariffs on large cars to 25%, says research body

China should raise its import tariffs on large gasoline-powered cars to 25%, a government-affiliated auto research body expert told China's Global Times newspaper as the country

China should hike tariffs on large cars to 25%, says research body
Business|Economy

Brazilian court rules against Petrobras in $193 million tax case

Brazil's Superior Court of Justice has denied state-run oil company Petrobras an appeal against the collection of some 987 million reais ($192.68 million) in taxes, the company

Brazilian court rules against Petrobras in $193 million tax case
Economy

Bundesbank warns of inflation risk as wages rise more than expected

Wages in Germany have been rising faster than expected, casting some doubt on expectations for a continued fall in inflation, the country's central bank said Wednesday.

Bundesbank warns of inflation risk as wages rise more than expected
Business|Economy

Nvidia nears, UK CPI lunge misses target

A look at the day ahead in U.S. and global markets from Mike Dolan While the inflation and interest rate world continues to throw up unpleasant surprises, it's hard to imagine much of a shift in major

Nvidia nears, UK CPI lunge misses target
Business|Economy

Rakuten, eBay team up to test US market for used Japanese fashion goods

Japan's Rakuten Group is partnering with eBay to test U.S. demand for used Japanese fashion goods, made all the cheaper with the yen trading near a 34-year low.

Rakuten, eBay team up to test US market for used Japanese fashion goods
Business|Economy

Several Chinese cities slash down payments, mortgage rates to boost property demand

Several cities across China have lowered down payment and mortgage loan interest rates, in response to the latest wave of stimulus measures to boost lackluster property demand,

Several Chinese cities slash down payments, mortgage rates to boost property demand
Business|Economy

Americans keep vehicles for record 12.6 years on average despite easing supplies, S&P says

Automobile owners in the United States are holding on to their vehicles longer, according to a new study, even as major supply disruptions caused by the COVID pandemic ease

Americans keep vehicles for record 12.6 years on average despite easing supplies, S&P says
Business|Economy

Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand

TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast on easing costs and strong demand for its affordable

Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
Business|Economy

Target, Walmart shoppers seek home goods, grocery delivery online

U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, U.S. retailers

Target, Walmart shoppers seek home goods, grocery delivery online
Business|Economy

WisdomTree, 21Shares to list crypto products on London Stock Exchange

WisdomTree and 21Shares are to launch exchange-traded products (ETPs) backed by cryptocurrencies on the London Stock Exchange, the firms said on Wednesday after getting the green

WisdomTree, 21Shares to list crypto products on London Stock Exchange
Business|Economy

Nvidia vigil almost over

A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an end to the drawn-out two-day news vacuum

Nvidia vigil almost over
Business|Economy

Carmakers drive European stocks to one-week low; tech in focus

European stocks closed at a one-week low on Wednesday, hurt by a sell-off in automakers following a report about possible Chinese tariffs on imported

Carmakers drive European stocks to one-week low; tech in focus
Business|Economy

Back-to-back ECB rate cuts not a given, Nagel says

The European Central Bank should not necessarily follow up a rate cut in June with another move the following month, even if inflation is on its way to target, Bundesbank

Back-to-back ECB rate cuts not a given, Nagel says
Business|Economy

Caterpillar to pay $800,000 to resolve racial discrimination case, says Labor Dept

Heavy equipment company Caterpillar has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S.

Caterpillar to pay $800,000 to resolve racial discrimination case, says Labor Dept
Business|Economy

BoE's Bailey sets out reserves plan as it unwinds huge bond purchases

Bank of England Governor Andrew Bailey set out an outline for how the central bank intends to keep money markets stable as it sells more of

BoE's Bailey sets out reserves plan as it unwinds huge bond purchases
Business|Economy

Companies look to lengthen currency hedges as elections loom, survey shows

Companies are increasingly

Companies look to lengthen currency hedges as elections loom, survey shows
Economy

US households still feel pinched by inflation, Fed survey says

U.S. households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported on Tuesday, with most Americans saying their financial

US households still feel pinched by inflation, Fed survey says

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