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

Latest From Reuters

Business|Economy

JPMorgan leaders shaping its strategy as succession comes into focus

At JPMorgan Chase's investor day on Monday, shareholders will focus on the bank's growth strategy and succession plans.

JPMorgan leaders shaping its strategy as succession comes into focus
Business|Economy

Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500

Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations.

Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500
Economy

IMF says UAE overall real GDP projected to grow 4% in 2024

The International Monetary Fund (IMF) said on Monday the United Arab Emirates was experiencing strong economic growth, with overall real GDP projected to grow by about 4% this year,

IMF says UAE overall real GDP projected to grow 4% in 2024
Business|Economy

Buoyant start to 'Nvidia week'

A look at the day ahead in U.S. and global markets from Mike Dolan World markets, heady on hopes for renewed U.S. disinflation and another attempt by China at shoring up its ailing housing sector,

Buoyant start to 'Nvidia week'
Economy

China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery

China's fiscal revenue slipped 2.7% in the first four months of 2024 from a year earlier, after a 2.3% slide in the January-March period, in a further sign of an uneven economic

China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery
Business|Economy

Target lowering prices on 5,000 items in bid to lure more shoppers

Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract

Target lowering prices on 5,000 items in bid to lure more shoppers
Business|Economy

European shares eke out gains amid interest rate uncertainty

European shares ended marginally higher on Monday, with defence stocks in the lead, but gains remained in check as investors awaited economic data

European shares eke out gains amid interest rate uncertainty
Business|Economy

Metals zoom as investors wait on rates

A look at the day ahead in European and global markets from Tom Westbrook Copper and gold made record highs in Asia trade on Monday and silver surged over $30.

Metals zoom as investors wait on rates
Business|Economy

Vietnam Deputy PM: economy facing mounting pressure

Vietnam's economy is facing mounting pressure and the government will maintain policies that support growth, Deputy Prime Minister Le Minh Khai said on Monday.

Vietnam Deputy PM: economy facing mounting pressure
Business|Economy

Soroban Capital builds stake in Johnson Controls alongside Elliott, Bloomberg News reports

Soroban Capital Partners has built a stake in industrial firm Johnson Controls International in the wake of pressure from Elliott Investment Management, Bloomberg News reported, citing

Soroban Capital builds stake in Johnson Controls alongside Elliott, Bloomberg News reports
Business|Economy

China leaves benchmark LPRs unchanged, in line with expectations

China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.

China leaves benchmark LPRs unchanged, in line with expectations
Business|Economy

Asking prices for UK homes hit record high, Rightmove says

Prices of homes being put up for sale in Britain have hit record highs despite still expensive mortgage costs, but the pace of gains has slowed, according to data from property

Asking prices for UK homes hit record high, Rightmove says
Business|Economy

Japan and ASEAN plan joint strategy on auto production, Nikkei reports

Japan and the Association of Southeast Asian Nations (ASEAN) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China's

Japan and ASEAN plan joint strategy on auto production, Nikkei reports
Business|Economy

US regulators reconsider capital hike for big banks, WSJ reports

The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks

US regulators reconsider capital hike for big banks, WSJ reports
Business|Economy

China launches anti-dumping probe into EU, US, Japan, Taiwan plastics

China's commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union,

China launches anti-dumping probe into EU, US, Japan, Taiwan plastics
Business|Economy

Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut

Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion.

Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut
Business|Economy|Environment

Putin says oil pipeline could run alongside planned new gas link to China

Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday.

Putin says oil pipeline could run alongside planned new gas link to China
Business|Economy

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 billion

Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 billion
Business|Economy

Dow flirts with 40k, China fights homes bust

A look at the day ahead in U.S. and global markets from Mike Dolan After a week of worldwide stock market records, Friday seems set for a breather - with attention switching to the deepening Chinese

Dow flirts with 40k, China fights homes bust
Business|Economy

China pledges $138 billion in extra funding to shore up indebted property sector

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding

China pledges $138 billion in extra funding to shore up indebted property sector
Business|Economy

Global equity funds draw inflows on rate cut hopes, soft US economic data

Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures,

Global equity funds draw inflows on rate cut hopes, soft US economic data
Business|Economy

Investors pour money into stocks, bonds as inflation worries ebb - BofA says

Investors poured money into stocks and bonds in the week to Wednesday, favouring laggards such as utilities, but pulling money from pricier parts of the market such as technology

Investors pour money into stocks, bonds as inflation worries ebb - BofA says
Business|Economy

China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference

China expected to stand pat on lending rates in May
Business|Economy

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty
Business|Economy

China to cut mortgage interest rates, home down-payment ratio to boost demand

China will cut interest rates of mortgage loans and down-payment ratios for homebuyers to boost lacklustre property demand, according to three statements released by its central

China to cut mortgage interest rates, home down-payment ratio to boost demand

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