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

Latest From Reuters

Business|Economy

Relief (mostly) everywhere

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.

Relief (mostly) everywhere
Business|Economy

Spirit Airlines warns of more pain from grounded jets, excess capacity

Spirit Airlines on Monday forecast a loss in the second quarter as its earnings continue to reel from the grounding of a number of its aircraft as

Spirit Airlines warns of more pain from grounded jets, excess capacity
Business|Economy

China home sales slump 47% over May Day holiday vs 2023

China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same

China home sales slump 47% over May Day holiday vs 2023
Business|Economy

Euro zone business activity grows at fastest pace in almost a year, PMI shows

Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in

Euro zone business activity grows at fastest pace in almost a year, PMI shows
Business|Economy

European shares close at highest in a week; Indra surges

European shares closed at their highest levels in one week on Monday, with investor optimism over interest rate cuts from major central banks back to

European shares close at highest in a week; Indra surges
Business|Economy

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports

Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports
Business|Economy

Back on the rate cut track

A look at the day ahead in European and global markets from Rae Wee European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to

Back on the rate cut track
Business|Economy

Russia’s services sector grows at slowest rate in 15 months, PMI shows

Activity across Russia’s services sector in April grew at its slowest rate in 15 months, a business survey showed on Monday, as the increase in new orders lost pace amid slackening demand.

Russia’s services sector grows at slowest rate in 15 months, PMI shows
Economy|Business

Canada's WestJet reaches tentative deal with union to avoid work stoppage

Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday

Canada's WestJet reaches tentative deal with union to avoid work stoppage
Business|Economy

China's services activity eases in April but still solid, Caixin PMI shows

China's services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained

China's services activity eases in April but still solid, Caixin PMI shows
Business|Economy

Westpac raises share buyback by $661 million even as costs and competition bite

Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even

Westpac raises share buyback by $661 million even as costs and competition bite
Business|Economy

Saudi Arabia's non-oil business activity growth steady in April-PMI

Saudi Arabia's non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output.

Saudi Arabia's non-oil business activity growth steady in April-PMI
Business|Economy

Berkshire exec calls wildfire claims against utility 'unfounded'

Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top

Berkshire exec calls wildfire claims against utility 'unfounded'
Business|Economy

Buffett talks succession and Berkshire's future at annual meeting

Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the

Buffett talks succession and Berkshire's future at annual meeting
Business|Economy|Entertainment

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for

Warren Buffett says Berkshire sold entire Paramount stake at a loss
Business|Economy

Hershey tops first-quarter estimates on higher pricing

Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.

Hershey tops first-quarter estimates on higher pricing
Business|Economy

Morning bid: Jobs test Fed relief, Apple buyback bump

A look at the day ahead in U.S. and global markets from Mike Dolan The strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster

Morning bid: Jobs test Fed relief, Apple buyback bump
Economy

Hong Kong March retail sales down 7%, snapping 15 months of growth

Hong Kong's March retail sales fell 7% from a year earlier, partly due to a high base of comparison for visitor spending and the Easter holidays, government data showed on Friday

Hong Kong March retail sales down 7%, snapping 15 months of growth
Business|Economy

Germany's Henkel raises 2024 outlook on strong Q1

German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

Germany's Henkel raises 2024 outlook on strong Q1
Business|Economy

German engineering orders deepen decline in March, reports VDMA

German manufacturers deepened a decline in their order books in March, but economists pointed to a high comparative base of the previous year's period and hinted at potential signs

German engineering orders deepen decline in March, reports VDMA
Business|Economy

LNG producer Cheniere's export volumes fuel core profit beat

Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices.

LNG producer Cheniere's export volumes fuel core profit beat
Business|Economy

Alaska Air says Boeing issued $61 million in credit memos to address grounding hit

Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on

Alaska Air says Boeing issued $61 million in credit memos to address grounding hit
Business|Economy

Cboe posts higher profit as market volatility boosts options trading

Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid shifts in market volatility helped

Cboe posts higher profit as market volatility boosts options trading
Business|Economy

US service sector contracts in April; price pressures reaccelerate

The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.

US service sector contracts in April; price pressures reaccelerate
Economy

Fed's Bowman supports current policy stance but still sees inflation risks

Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while

Fed's Bowman supports current policy stance but still sees inflation risks

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