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

Latest From Reuters

Business|Economy

China will control property sector risk, says vice premier

China will control the intertwined risks in the property sector, local government debt and small local financial institutions, Vice Premier He Lifeng said on Tuesday.

China will control property sector risk, says vice premier
Business|Economy

Toyota mulls over $500 million investment into Texas plant

Toyota Motor's North America arm is seeking tax relief for a potential project totaling $531.7 million in investments at its Texas facility, which manufactures the Toyota Tundra pickup

Toyota mulls over $500 million investment into Texas plant
Business|Economy

Hess facing three lawsuits over disclosures in Chevron deal

Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.

Hess facing three lawsuits over disclosures in Chevron deal
Business|Economy

Cryptocurrencies gain as investors turn optimistic on ether ETFs

Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about the outcome of applications for U.S. spot exchange-traded funds that track the

Cryptocurrencies gain as investors turn optimistic on ether ETFs
Business|Economy

Macy's lifts annual profit forecast as new CEO's revamp takes root

Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from

Macy's lifts annual profit forecast as new CEO's revamp takes root
Economy

Sri Lanka inflation rises to 2.7% in April from 2.5% in March

Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, official data showed on Tuesday.

Sri Lanka inflation rises to 2.7% in April from 2.5% in March
Business|Economy

Calm markets hover near highs, metals step back

A look at the day ahead in U.S. and global markets from Mike Dolan Partly due to the absence of top-tier economic news this week, world markets have found a relatively calm plateau with stocks near

Calm markets hover near highs, metals step back
Business|Economy

U.S. auto insurance shoppers jump 6% in Q1, TransUnion says

The number of U.S. customers shopping for auto insurance in the first quarter was 6% higher than a year earlier, according to credit reporting agency TransUnion, underscoring efforts to

U.S. auto insurance shoppers jump 6% in Q1, TransUnion says
Business|Economy

UK manufacturing orders dry up in May: CBI

British manufacturing orders contracted this month at the fastest rate since November and expectations for future price hikes abated, a survey showed on Tuesday.

UK manufacturing orders dry up in May: CBI
Business|Economy

AutoZone's quarterly profit beats estimates on demand for car parts

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times

AutoZone's quarterly profit beats estimates on demand for car parts
Business|Economy

Lowe's warns of margin pressure in Q2 on muted home improvement demand

Lowe's on Tuesday warned of operating margin pressure in the current quarter as the home improvement chain expects to see muted demand, overshadowing its smaller-than-

Lowe's warns of margin pressure in Q2 on muted home improvement demand
Business|Economy

Europe's STOXX 600 ends lower as rate uncertainty prevails

European stocks closed slightly lower on Tuesday, their third out of four sessions in the red, as caution around interest rate reductions dominated,

Europe's STOXX 600 ends lower as rate uncertainty prevails
Economy

Explainer: With inflation falling fast, will the BoE quickly cut rates?

Britain's once towering inflation rate looks set to fall close to the Bank of England's 2% target on Wednesday, but it may be other figures in the data that influence the BoE's

Explainer: With inflation falling fast, will the BoE quickly cut rates?
Economy

S&P expects slower recovery for Israel's economy despite Q1 rebound

Ratings agency S&P Global on Tuesday said it expects Israel's economy to recover at a more moderate pace than previous downturns despite an economic bounce-back in the first

S&P expects slower recovery for Israel's economy despite Q1 rebound
Business|Economy

News vacuum sucks momentum from markets

A look at the day ahead in European and global markets from Kevin Buckland Stock market momentum is waning as a dearth of fresh economic clues sees the feverish punting over the pace of Federal

News vacuum sucks momentum from markets
Business|Economy

Japan closely monitoring weak yen and bond market, Finance Minister says

Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about the negative implications of the current weakness in the yen and its effect on incentives to increase

Japan closely monitoring weak yen and bond market, Finance Minister says
Economy

Mexico's headline inflation likely edged up in early May: Reuters poll

Mexico's headline inflation likely ticked up in the first half of May for the third consecutive fortnight, a Reuters poll showed on Monday, fueling bets the Bank of Mexico will

Mexico's headline inflation likely edged up in early May: Reuters poll
Business|Economy

Fitness equipment maker Peloton looks to refinance debt amid sagging demand

Peloton Interactive said on Monday it was looking to refinance its debt, as the fitness equipment maker seeks to regain its footing amid falling sales due to uncertain demand.

Fitness equipment maker Peloton looks to refinance debt amid sagging demand
Business|Economy

Temu moves closer to Brazil debut with approval for tax benefit

Chinese e-commerce retailer Temu has been certified for a tax benefit program by Brazil's government that exempts goods up to $50 from import fees, according to the country's

Temu moves closer to Brazil debut with approval for tax benefit
Business|Economy|Environment

CalPERS to vote against all 12 Exxon directors, citing lawsuit

The California Public Employees' Retirement System said on Monday it will vote against all 12 director nominees at Exxon, citing the company's lawsuit against activist investors.

CalPERS to vote against all 12 Exxon directors, citing lawsuit
Business|Economy

Anglo shareholder LGIM supports break-up plan as BHP circles

Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches

Anglo shareholder LGIM supports break-up plan as BHP circles
Business|Economy

New supply chain pressure metric shows improvement has stalled, says NY Fed

A new set of supply availability indexes show that improvement in firms' access to inputs hit a wall over the past couple of months, the Federal Reserve Bank of New York said on Monday.

New supply chain pressure metric shows improvement has stalled, says NY Fed
Business|Economy

Main facts about the copper market as prices hit record highs

Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices of the metal.

Main facts about the copper market as prices hit record highs
Business|Economy

Brazil central bank plans year-end proposal for crypto regulation

Brazil's central bank announced on Monday that it has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory

Brazil central bank plans year-end proposal for crypto regulation
Business|Economy

Prada not looking at M&A, sees 'positive surprise' from US, CEO says

Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday.

Prada not looking at M&A, sees 'positive surprise' from US, CEO says

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