Today: September 26, 2024
Today: September 26, 2024

Latest From Reuters

Business|Economy

Mercedes rejects claims it prevented union organising at US plant

German premium carmaker Mercedes-Benz rejected on Wednesday claims it has been trying to prevent the formation of a union at its Alabama plant, ahead of a critical vote there next

Mercedes rejects claims it prevented union organising at US plant
Business|Economy

HF Sinclair beats quarterly profit view, announces $1 billion share buyback

Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.

HF Sinclair beats quarterly profit view, announces $1 billion share buyback
Business|Economy

BOJ will raise interest rates if inflation meets forecast, Governor Ueda says

Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will raise interest rates if trend inflation accelerates in line with the bank's current projections.

BOJ will raise interest rates if inflation meets forecast, Governor Ueda says
Business|Economy

What are the charges facing Archegos' founder Bill Hwang and his deputy?

The trial of former Archegos Capital Management head Sung Kook “Bill” Hwang and his deputy Patrick Halligan opens on Wednesday over their role in the failure of the investment firm, which

What are the charges facing Archegos' founder Bill Hwang and his deputy?
Business|Economy

Morning bid: Stocks buoyant as Sweden cuts, oil skids

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses

Morning bid: Stocks buoyant as Sweden cuts, oil skids
Economy

India sees no 'nasty' upside to inflation, govt adviser says

India does not see any nasty upside to inflation at the moment, and expects its economy to expand by more than 7% in the current fiscal year, V.

India sees no 'nasty' upside to inflation, govt adviser says
Business|Economy

Thai business group cuts 2024 GDP growth forecast to 2.2%-2.7%

Thailand's economy is expected to grow 2.2% to 2.7% this year, down from a previous forecast of 2.8% to 3.3% due to a slow export recovery, a leading joint business group said on

Thai business group cuts 2024 GDP growth forecast to 2.2%-2.7%
Business|Economy

German industrial output falls less than expected in March

German industrial production declined in March, although less than expected thanks to construction, data from the federal statistics office showed on Wednesday.

German industrial output falls less than expected in March
Business|Economy

China Vanke to auction Shenzhen land plot with loss-making reserve price

Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to

China Vanke to auction Shenzhen land plot with loss-making reserve price
Business|Economy

Morgan Stanley pushes Fed rate cut expectation to September from July

Morgan Stanley said it now expects the U.S.

Morgan Stanley pushes Fed rate cut expectation to September from July
Business|Economy

Pondering the path of Fed policy

A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve and the enigmatic path of U.S. interest rates continue to dominate the market's attention.

Pondering the path of Fed policy
Business|Economy

Egypt's non-oil business shrinks for 41st straight month, PMI shows

Egypt's non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with the United Arab Emirates in February and an $8 billion IMF agreement in

Egypt's non-oil business shrinks for 41st straight month, PMI shows
Business|Economy

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the

With onsite inspections, China dials up scrutiny of local market IPO hopefuls
Business|Economy

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire

Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire
Business|Economy

Philippines posts $3.2 billion trade deficit in March

The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday.

Philippines posts $3.2 billion trade deficit in March
Business|Economy

Retailer Falabella posts first-quarter profit on Peru business

Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru.

Retailer Falabella posts first-quarter profit on Peru business
Business|Economy

Brazil's Carrefour swings to profit in first quarter

Carrefour Brasil, which is controlled by France's Carrefour, reported a net profit of 39 million reais ($7.7 million) for the first quarter, reversing losses in the same period

Brazil's Carrefour swings to profit in first quarter
Business|Economy

FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution

Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S

FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution
Business|Economy

Wynn Resorts quarterly results beat estimates on strength in Macau business

Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties.

Wynn Resorts quarterly results beat estimates on strength in Macau business
Business|Economy

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure

Fitch Ratings on Tuesday downgraded embattled regional lender New York Community Bancorp and its bank subsidiary, Flagstar Bank, to 'BB' from 'BB+'.

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure
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

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

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