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

Latest From Reuters

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
Business|Economy

European shares end lower on rate cut jitters; Richemont shines

European shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on the outlook for monetary policy, while

European shares end lower on rate cut jitters; Richemont shines
Business|Economy

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to an internal memo, as the company deals with high debt and slowed production at

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says
Business|Economy

New York's summer average electrical prices expected to drop 3%

The New York State Public Service Commission (NYPSC) on Thursday said that the average electricity prices for full-service residential customers are expected to be lower than last year

New York's summer average electrical prices expected to drop 3%
Business|Economy

China's property investment decline worsens in January-April

Property investment in China in the first four months of 2024 fell 9.8% from a year earlier, after dropping 9.5% in the first quarter, indicating the sector is yet to bottom out

China's property investment decline worsens in January-April
Business|Economy

Dow tops 40,000, Biden trolls Trump in split-screen video

The Dow topped 40,000 for the first time on Thursday in an all-time high, giving U.S.

Dow tops 40,000, Biden trolls Trump in split-screen video
Economy

Malaysia's economy grows faster than expected, inflation risks cloud outlook

Malaysia's economy grew faster than expected in the first quarter of 2024, helped by household spending and a turnaround in exports, though

Malaysia's economy grows faster than expected, inflation risks cloud outlook
Economy

China's economy to improve further, stats bureau says

China's economic improvement will be further consolidated and strengthened as macro policies take effect, Liu Aihua, a spokesperson of the National Bureau of Statistics, said on

China's economy to improve further, stats bureau says
Economy

Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate

Brazil's Finance Ministry on Thursday hiked its projection for economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from

Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Business|Economy

Major brokerages retain US rate-cut view after soft inflation data

Top global brokerages have retained their expectations for when the U.S.

Major brokerages retain US rate-cut view after soft inflation data
Business|Economy

US single-family housing starts, permits fall in April

U.S. single-family homebuilding and permits fell in April amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale.

US single-family housing starts, permits fall in April
Business|Economy

Adidas chairman Thomas Rabe re-elected until 2025

A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German

Adidas chairman Thomas Rabe re-elected until 2025
Business|Economy

Dow hits 40,000 on earnings boost, rate cut bets: Instant view

NEW YORK (Reuters - The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday, the blue-chip index's fastest 10,000 point-climb, powered by strong quarterly results and

Dow hits 40,000 on earnings boost, rate cut bets: Instant view
Business|Economy

UPS taps Goldman Sachs to manage its $43.4 billion pension funds

U.S. parcel delivery giant UPS has enlisted the asset management arm of Wall Street titan Goldman Sachs to manage its $43.4 billion pension fund assets in the United States and Canada, the

UPS taps Goldman Sachs to manage its $43.4 billion pension funds
Business|Economy

Commercial property is weak link in euro zone finance, ECB says

Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report

Commercial property is weak link in euro zone finance, ECB says

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