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

Latest From Reuters

Economy

US Treasury posts $210 billion surplus in April

The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts outpaced a rise in outlays, the Treasury Department said on Friday.

US Treasury posts $210 billion surplus in April
Economy

Downside risks for Pakistan remain exceptionally high, says IMF

Downside risks for the Pakistani economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report on the country, ahead of

Downside risks for Pakistan remain exceptionally high, says IMF
Business|Economy

China's central bank pledges to support economic recovery

China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.

China's central bank pledges to support economic recovery
Economy

Global equity funds attract big inflows as rate cut bets rise

Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report.

Global equity funds attract big inflows as rate cut bets rise
Business|Economy

US equity funds draw largest weekly inflow in eight weeks

U.S. equity funds attracted significant inflows in the seven days to May 15, fuelled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-

US equity funds draw largest weekly inflow in eight weeks
Business|Economy

May rescued by jobless jump, BoE shift, HK surge

A look at the day ahead in U.S. and global markets from Mike Dolan World stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor

May rescued by jobless jump, BoE shift, HK surge
Business|Economy

Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027

U.S. automaker Ford plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, Spain's Industry Ministry said on Friday.

Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027
Business|Economy

China's car exports hit record high in April, as domestic sales fall

China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price

China's car exports hit record high in April, as domestic sales fall
Business|Economy

Retailer Lidl UK raises staff pay for third time in 12 months

The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months.

Retailer Lidl UK raises staff pay for third time in 12 months
Business|Economy

Porch sues China Construction Bank in US over reinsurance fraud losses

U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB), the country's third-biggest lender by assets, for allegedly enabling a "

Porch sues China Construction Bank in US over reinsurance fraud losses
Business|Economy

Zimbabwe to fine businesses not using official new exchange rate

Zimbabwe will fine businesses using inflated exchange rates as the government battles to maintain the value of its newly introduced gold-backed currency, the Zimbabwe Gold (ZiG).

Zimbabwe to fine businesses not using official new exchange rate
Business|Economy

STOXX 600 closes at record high on earnings, rate cut optimism

Europe's main stock index closed at a record high on Friday, on track for its biggest weekly gain since late January, as risk appetite was bolstered by

STOXX 600 closes at record high on earnings, rate cut optimism
Business|Economy

CalPERS mulls voting against Exxon CEO's re-election to board, FT reports

CalPERS, the biggest public pension plan in the United States, is considering voting against ExxonMobil CEO Darren Woods' re-election to the board amid shareholder discontent over a

CalPERS mulls voting against Exxon CEO's re-election to board, FT reports
Business|Economy

Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports

Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group's $39 billion takeover target, the Australian Financial Review reported on Friday.

Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
Business|Economy

Rate cut hopes fan risk rally

A look at the day ahead in European and global markets from Ankur Banerjee Investors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the

Rate cut hopes fan risk rally
Business|Economy

Philippines eyes boost to nickel processing capacity

The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel

Philippines eyes boost to nickel processing capacity
Economy|Environment

China's push for greener aluminium hit by erratic rains, power cuts

Erratic rainfall in China's southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates,

China's push for greener aluminium hit by erratic rains, power cuts
Business|Economy

Why China's tolerance for a cheaper currency may be temporary

Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say

Why China's tolerance for a cheaper currency may be temporary
Business|Economy

Mexico's Bankaool plans US stock market debut by 2026

Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender's

Mexico's Bankaool plans US stock market debut by 2026
Business|Economy

Western Union resumes remittance service to Cuba after 3-month outage

Western Union confirmed on Thursday it had resumed its remittance service from the U.S. to Cuba after the system collapsed more than three months earlier, restoring a vital lifeline

Western Union resumes remittance service to Cuba after 3-month outage
Business|Economy

US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing

U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the

US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
Business|Economy

Italy's Pirelli confirms guidance after Q1 operating profit tops estimates

Italian tyre-maker Pirelli said on Thursday its adjusted operating profit rose 5.8% in the first quarter of the year, as the group benefited from efficiencies.

Italy's Pirelli confirms guidance after Q1 operating profit tops estimates
Business|Economy

Brazil markets fall as central bank split decision triggers concern about dovish turn

Brazil's markets fell on Thursday after the central bank cut rates in a split decision that saw appointees of the current government advocating for a larger reduction, sparking

Brazil markets fall as central bank split decision triggers concern about dovish turn
Business|Economy

Citgo Petroleum reports first quarter profit of $410 million

U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.

Citgo Petroleum reports first quarter profit of $410 million
Business|Economy

BoE's Pill says it is too soon to cut rates but confidence growing

Bank of England Chief Economist Huw Pill said on Thursday that members of the central bank's Monetary Policy Committee were more confident that they would soon be able to cut

BoE's Pill says it is too soon to cut rates but confidence growing

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