Today: October 01, 2024
Today: October 01, 2024

Latest From Reuters

Business|Economy

Froot Loops maker WK Kellogg beats revenue estimates on higher prices

WK Kellogg Co beat Wall Street estimates for quarterly sales on Tuesday, as higher product prices offset pressure from slowing demand for the Froot Loops maker's ready-to-eat breakfast

Froot Loops maker WK Kellogg beats revenue estimates on higher prices
Business|Economy

CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall

Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost

CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Business|Economy|Environment

US electric utility Sempra's profit falls 17% in first quarter

Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped

US electric utility Sempra's profit falls 17% in first quarter
Business|Economy|Local

Duke Energy first-quarter profit beats as residential customers surge

Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday on higher electricity rates as the utility saw increasing residential and commercial customer demand in its U.S.

Duke Energy first-quarter profit beats as residential customers surge
Business|Economy

Nissan CEO: committed to staying in China but strategy there must change

Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in

Nissan CEO: committed to staying in China but strategy there must change
Business|Economy

Private equity firms consider potential Peloton buyout, CNBC reports

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of

Private equity firms consider potential Peloton buyout, CNBC reports
Business|Economy|Education

Australian budget to target housing woes with more construction workers

The Australian government will boost the number of skilled workers in the housing sector in next week's national budget, spending A$90.6 million ($59.76 million) on free training

Australian budget to target housing woes with more construction workers
Business|Economy

Mexico's auto production, exports jump in April

Mexico's automotive industry saw a jump in production in April while exports also increased from a year earlier, data from national statistics agency INEGI showed on Tuesday.

Mexico's auto production, exports jump in April
Business|Economy

Morning bid: Cooler US takes edginess off markets, UBS jumps

A look at the day ahead in U.S. and global markets from Mike Dolan World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit

Morning bid: Cooler US takes edginess off markets, UBS jumps
Business|Economy

Embraer reaffirms 2024 outlook, says no plans for new narrowbody

Brazilian planemaker Embraer on Tuesday reaffirmed its full-year outlook after posting a smaller first-quarter net loss, while rebuffing speculation that it

Embraer reaffirms 2024 outlook, says no plans for new narrowbody
Business|Economy|Local

Prada heir says group always looking for M&A opportunities

Italian luxury group Prada is always looking out for acquisition opportunities, Lorenzo Bertelli, son of the group's founders, said on Tuesday.

Prada heir says group always looking for M&A opportunities
Business|Economy

China's CICC may cut investment banking headcount by at least 10% this year, sources say

China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market

China's CICC may cut investment banking headcount by at least 10% this year, sources say
Business|Economy

UBS CEO says job cuts in Switzerland to start in late 2024

UBS's CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026.

UBS CEO says job cuts in Switzerland to start in late 2024
Business|Economy

Perpetual to be broken up with name being sold to KKR in nearly $1 billion deal, AFR reports

Australia's Perpetual will be broken up, with its name sold to global investment firm KKR & Co, in a deal worth over A$1.5 billion ($990 million), the Australian Financial Review reported

Perpetual to be broken up with name being sold to KKR in nearly $1 billion deal, AFR reports
Business|Economy

Airbus says deliveries up 13% in April, reaffirms A350F timeline

Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday.

Airbus says deliveries up 13% in April, reaffirms A350F timeline
Business|Economy

UK house prices inch up as high rates squeeze buyers, Halifax says

British house prices edged 0.1% higher in April to stand 1.1% up on a year earlier, figures from mortgage lender Halifax showed on Tuesday, a slight pick-up from

UK house prices inch up as high rates squeeze buyers, Halifax says
Business|Economy

Australian interest rate changes since 1990

The Reserve Bank of Australia on Tuesday left its cash rate unchanged at 4.35% following a policy meeting.

Australian interest rate changes since 1990
Business|Economy

Rates relief; harvest gloom

A look at the day ahead in European and global markets from Tom Westbrook Gilts and London stocks were poised to catch up with global gains, following Monday's market holiday.

Rates relief; harvest gloom
Business|Economy

Japan's service activity extends gains on solid demand, PMI shows

Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that

Japan's service activity extends gains on solid demand, PMI shows
Business|Economy|Environment

US must support critical mineral projects in risky nations, White House adviser says

The United States and its allies must encourage mining projects in countries where Western corporations are reticent to do business to guarantee a reliable and sustainable global supply of

US must support critical mineral projects in risky nations, White House adviser says
Business|Economy

UK consumer spending softens in April, surveys show

British consumers kept a tight rein on their spending last month, according to surveys on Tuesday that showed tepid activity even after accounting for the timing of the Easter holidays.

UK consumer spending softens in April, surveys show
Business|Economy

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates
Business|Economy

Air Lease Q1 profit misses estimates on higher interest expenses

Air Lease Corp said it is wrestling with delivery delays from planemakers Boeing and Airbus, after reporting a lower-than-expected quarterly profit on Monday as it made higher interest

Air Lease Q1 profit misses estimates on higher interest expenses
Business|Economy

UPS CFO Brian Newman to step down on June 1, company says

United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS CFO Brian Newman to step down on June 1, company says
Business|Economy

US banks report weaker loan demand, Fed survey says

U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of

US banks report weaker loan demand, Fed survey says

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