Today: September 20, 2024
Today: September 20, 2024

Latest From Michel Rose and Foo Yun Chee

Europe|News

France picks Sejourne as nominee for EU Commission after Breton clash

France picked Foreign Minister Stephane Sejourne as its new candidate for the next European Commission as the incumbent, Thierry Breton,

France picks Sejourne as nominee for EU Commission after Breton clash
Business|Finance

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says

Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Business|Crime|World

At least 20 likely dead in violence near Papua New Guinea gold mine, local media reports

Violent attacks near Barrick Gold's Porgera gold mine in Papua New Guinea (PNG) has likely killed at least 20 people and forced women and children to flee the region, local media

Business|Economy|Europe

Budapest district narrowly votes to ban short-term rentals from 2026

Residents of Budapest's sixth district have narrowly voted to ban short-term rentals from 2026 in a decision which could have wider ramifications for the housing market in one of

Budapest district narrowly votes to ban short-term rentals from 2026
Business|Economy

Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%

Goldman Sachs and Citigroup have lowered their full-year projections for China's economic growth to 4.7%, after the world's second-largest economy's industrial output slowed to a five-

Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%
Asia|Business|Economy|Technology

Indian police release striking Samsung workers detained for planning protest march

Indian police late on Monday released most of the 104 striking workers at a Samsung Electronics plant who were detained for planning a

Indian police release striking Samsung workers detained for planning protest march
Business|Europe|Finance

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper

A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday, adding a decision

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper
Business|Economy|Finance

Thai baht is too strong and impacting exports, minister says

Thailand's baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on the currency, the

Thai baht is too strong and impacting exports, minister says
Asia|News

North Korea's foreign minister leaves for Russia, embassy in Pyongyang says

North Korean Foreign Minister Choe Son Hui has flown to Russia to attend the fourth Eurasian Women's Forum and the BRICS Women's Forum in Saint Petersburg, Russia's embassy in North Korea

North Korea's foreign minister leaves for Russia, embassy in Pyongyang says
Economy|Finance|News

Why Fed rate cuts matter to world markets

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States.

Why Fed rate cuts matter to world markets
Americas|Business|Economy|Europe|Finance

Hanging on the Fed

A look at the day ahead in European and global markets from Wayne Cole. It's finally decision time for the U.S.

Hanging on the Fed
News|World

Ukraine says Russian drone barrage injures one in Kyiv region

A Russian overnight drone barrage injured one person and damaged five homes in Ukraine's Kyiv region, the regional authorities said on Monday.

Economy|Finance|News

Taiwan set to hold rates steady on inflation worries: Reuters poll

Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with lingering inflation concerns,

Taiwan set to hold rates steady on inflation worries: Reuters poll
Americas|News

Mexico's sweeping judicial overhaul formally takes effect

Mexico's judicial reform overhauling the country's courts, which will allow voters to elect judges, officially took effect on Sunday after the text of the constitutional

Mexico's sweeping judicial overhaul formally takes effect
Economy|Finance

Argentina's draft 2025 budget foresees 5% GDP growth

The draft of Argentina's 2025 budget foresees the economy expanding 5% and the primary fiscal surplus representing 1.3% of gross domestic product, according to a summary

Argentina's draft 2025 budget foresees 5% GDP growth
Asia|News

Three dead after fishing boat capsizes off South Korea, Yonhap says

Three people who were on board a fishing boat that capsized in waters off South Korea's west coast have died after being taken to hospital and five others were rescued, the Yonhap

Asia|News|World

Philippines to continue to deploy vessels in contested South China Sea shoal

The Philippines will continuously deploy vessels in the contested Sabina Shoal in the South China Sea, its coast guard said on Monday after a Philippine ship returned to port after a

Philippines to continue to deploy vessels in contested South China Sea shoal
Business|Economy|Finance

Oil prices climb on hurricane impact ahead of US rate decision

Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S.

Oil prices climb on hurricane impact ahead of US rate decision
Economy|Finance

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut
Asia|News

Typhoon Bebinca lashes Shanghai in strongest storm to hit city since 1949

The normally-bustling financial hub of Shanghai was brought to a standstill on Monday as residents sheltered at home to wait out the worst of Typhoon

Typhoon Bebinca lashes Shanghai in strongest storm to hit city since 1949
Americas|News|World

Magnitude 6.5 quake strikes off British Columbia, Canada, USGS says

A magnitude 6.5 earthquake struck off the coastal city of Port McNeill, in British Columbia, Canada, on Sunday, the United States Geological Survey said.

Asia|World

North Korea's parliament to convene session to discuss constitutional amendment

The North Korean Supreme People's Assembly (SPA), the reclusive state's rubber-stamp parliament, will convene a new session on Oct. 7 in Pyongyang to discuss matters related to a

North Korea's parliament to convene session to discuss constitutional amendment
Business|Finance

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal

New Zealand's Auckland International Airport said on Monday it will undertake an equity raise of NZ$1.4 billion($861.8 million) for a planned capital investment program.

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal
Americas|Environment

Brazil's Amazon drought disrupts residents' lives

Severe droughts across Brazil's Amazon rainforest region are drastically altering residents' lives as mobility is hampered by record-low levels on upper stretches of the

Brazil's Amazon drought disrupts residents' lives
Europe|News|Political

UK PM Starmer pledges to work with Italy on migration

British Prime Minister Keir Starmer hailed Italy's efforts to tackle illegal immigration on Monday, saying the two countries would share

UK PM Starmer pledges to work with Italy on migration

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