Today: September 25, 2024
Today: September 25, 2024

Latest From Reuters

Business|Economy|Finance

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal
Asia|Business|Economy|Technology

Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors

China's commercial hub Shanghai on Friday announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI)

Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors
Business|Economy|Finance

India's central bank fines Visa for unauthorised payment method

The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank

India's central bank fines Visa for unauthorised payment method
Business|Entertainment|Finance

Private equity giant Apollo invests $700 million in Sony Music

Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade"

Private equity giant Apollo invests $700 million in Sony Music
Economy|Finance

INSTANT VIEW: US inflation rises moderately in June

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

INSTANT VIEW: US inflation rises moderately in June
Economy|Finance|Stock Markets|Technology

US equity funds attract inflows, defying a tech selloff

U.S. investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility

US equity funds attract inflows, defying a tech selloff
Europe|News|Political

Scholz concerned by death sentence for German national in Belarus

Chancellor Olaf Scholz is aware of the case of a German national sentenced to death in Belarus and is concerned, a government spokesperson said on Friday.

Scholz concerned by death sentence for German national in Belarus
Economy|Technology

Eighty nations strike deal over e-commerce, but lack US backing

Around 80 countries reached agreement on Friday on rules governing global digital commerce including recognition of e-signatures and protection against online fraud, but failed to

Eighty nations strike deal over e-commerce, but lack US backing
Economy|Finance

Citron's Andrew Left faces US criminal charges over alleged fraud

U.S. authorities charged prominent activist short seller Andrew Left and his fund Citron Capital, alleging he had for years manipulated the market and defrauded investors

Citron's Andrew Left faces US criminal charges over alleged fraud
Economy|Europe

Russia's central bank governor Nabiullina on rates, economy and banks

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a press conference on Friday after the central bank raised its key rate to 18%.

Russia's central bank governor Nabiullina on rates, economy and banks
Business|Economy|Finance|Stock Markets

Charter Communications posts fewer broadband subscriber loss, profit beat

Charter Communications beat Wall Street estimates for quarterly profit and reported fewer-than-expected broadband subscriber losses on Friday, sending its shares up 7% in premarket trading

Economy|Finance|Stock Markets

Global equity funds draw fifth weekly inflow on earnings hopes

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-

Global equity funds draw fifth weekly inflow on earnings hopes
Economy|Finance|News

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|Finance

Fed seen on track for September rate cut after good inflation data

Federal Reserve policymakers on Friday got fresh evidence of progress on inflation, fueling expectations they will use the U.S. central bank's meeting next week to signal they

Fed seen on track for September rate cut after good inflation data
Europe|News

Olympics-Weather forecaster sees rain 'disaster' for opening ceremony

Weather forecasters are predicting heavy rain showers during the Olympics opening ceremony later on Friday, with one meteorologist even calling it a "disaster" for the unprecedented

Olympics-Weather forecaster sees rain 'disaster' for opening ceremony
Crime|Finance|Stock Markets

US indicts Andrew Left in $16 million stock market manipulation scheme

A federal grand jury has indicted prominent activist short seller Andrew Left on multiple counts of securities fraud for a long-running $16 million market manipulation scheme,

US indicts Andrew Left in $16 million stock market manipulation scheme
Business|Finance

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Europe|Political

EU adds Congo rebel group leaders to sanctions list

European Union member states imposed sanctions on Friday on nine individuals and one entity for human rights violations and abuses in the Democratic Republic of Congo and for their role in

EU adds Congo rebel group leaders to sanctions list
Europe|News|Political|World

Ukraine says missile forces hit Russian air base in Crimea

Ukraine said on Friday its missile forces struck a Russian military airfield in Crimea that has been used for long-range attacks against it, the latest in a series of blows to the

Europe|News|Political

Kremlin welcomes Trump comments on Russia being 'a war machine' but says it remains clear-eyed

The Kremlin on Friday welcomed Donald Trump's comments on Russia being "a war machine" that had defeated Napoleon and Hitler, but said it was not wearing rose-tinted spectacles when

Kremlin welcomes Trump comments on Russia being 'a war machine' but says it remains clear-eyed
Europe|News

Train driver, safety official convicted over Spain's worst train crash in decades

A Spanish train driver and a former traffic safety chief at national rail infrastructure operator ADIF were sentenced on Friday to two-and-a-half years in prison over a train

Train driver, safety official convicted over Spain's worst train crash in decades
Asia|Business|Finance|Stock Markets

Chinese EV battery maker CATL posts faster profit growth in Q2

Chinese electric vehicle battery giant CATL recorded faster profit growth in the second quarter, even as EV demand slows in the world's largest auto market while geopolitical

Chinese EV battery maker CATL posts faster profit growth in Q2
Sports

Olympics-Soccer-Lloyd hails Swanson's record-breaking double in opening U.S. win

Eight years after Mallory Swanson scored her first Olympic goal, the forward struck twice in 66 seconds in the United States' Group B opener against Zambia in Paris, breaking Carli

Olympics-Soccer-Lloyd hails Swanson's record-breaking double in opening U.S. win
Europe|Health

Alzheimer's drug from Eisai and Biogen rejected in Europe

The European Union's drugs regulator has rejected Eisai and Biogen's Leqembi treatment for early Alzheimer's disease, saying the risk of serious brain

Alzheimer's drug from Eisai and Biogen rejected in Europe
Business|Finance

T Rowe Price's profit jumps on boost from market rally

Asset manager T Rowe Price reported an 11% jump in second-quarter adjusted profit on Friday, helped by a relentless market rally that has boosted the value of clients' investments and

T Rowe Price's profit jumps on boost from market rally

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