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

Latest From Reuters

Business|Economy

Bank of Canada says debt, asset valuations are key risks to stability

The Canadian financial system remains resilient but the continuing adjustment to higher rates and possible shocks present key risks to stability, Bank of Canada

Bank of Canada says debt, asset valuations are key risks to stability
Economy

IMF maintains Nigeria growth forecast at 3.3% for 2024

The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria's economy for 2024, up from 2.9% last year,

IMF maintains Nigeria growth forecast at 3.3% for 2024
Business|Economy

Coach parent Tapestry cuts sales forecast on tepid demand in US, China

Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories

Coach parent Tapestry cuts sales forecast on tepid demand in US, China
Business|Economy

Brembo tempers revenue forecast despite core profit rise

Italian premium brake maker Brembo posted on Thursday a 5% yearly increase in its core profit in the first-quarter, as revenues in the period topped the one billion euro quarterly threshold

Brembo tempers revenue forecast despite core profit rise
Business|Economy

Robinhood shares gain as retail trading rebound powers record quarter

Robinhood Markets rose in morning trade on Thursday after reporting record first-quarter revenue and profit thanks to mom-and-pop investors returning to its commission-free

Robinhood shares gain as retail trading rebound powers record quarter
Economy

Egypt's foreign debt rises $3.5 billion in last quarter of 2023

Egypt's foreign debt climbed by $3.5 billion in the three months to the end of December, according to central bank data released on Thursday.

Egypt's foreign debt rises $3.5 billion in last quarter of 2023
Business|Economy

Bank of England policymakers speak after rates held at 5.25%

The Bank of England took another step towards lowering interest rates on Thursday, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things

Bank of England policymakers speak after rates held at 5.25%
Business|Economy

Instant view: BoE edges towards a first rate cut, sterling falls

The Bank of England on Thursday took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things

Instant view: BoE edges towards a first rate cut, sterling falls
Business|Economy

STOXX 600 ends at record high; BBVA weighs on Spain

Europe's benchmark index inched up to close at a record high on Thursday, driven by a jump in industrial stocks, while shares of Spanish bank BBVA hit

STOXX 600 ends at record high; BBVA weighs on Spain
Business|Economy

Bank of England to test cut assumptions

A look at the day ahead in European and global markets from Tom Westbrook The Bank of England is not expected to move interest rates today.

Bank of England to test cut assumptions
Business|Economy|Entertainment

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid

Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid
Business|Economy

JPMorgan's Australia arm fined $509,000 for allowing suspicious client orders

JPMorgan's Australian arm has been fined A$775,000 ($509,252.50) for allowing suspicious client orders to be placed on wheat futures trading designed to manipulate the market, the

JPMorgan's Australia arm fined $509,000 for allowing suspicious client orders
Business|Economy

Japan real wages fall in March, marking 2 years of decline

Japan's inflation-adjusted real wages in March fell 2.5% from a year earlier, marking declines for two straight years, labour ministry data showed on Thursday.

Japan real wages fall in March, marking 2 years of decline
Business|Economy

Grayscale's application for ethereum futures ETF withdrawn

Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S.

Grayscale's application for ethereum futures ETF withdrawn
Business|Economy

Wells Fargo names former JPMorgan executive as co-head of investment bank

Wells Fargo named former JPMorgan Chase executive Fernando Rivas as co-CEO of its corporate and investment banking (CIB) on Wednesday, as it looks to expand market share on Wall Street.

Wells Fargo names former JPMorgan executive as co-head of investment bank
Business|Economy

US wholesale inventories drop by unrevised 0.4% in March

U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.

US wholesale inventories drop by unrevised 0.4% in March
Business|Economy

NYCB stock cheapest among US lenders with over $3 billion in assets, S&P Global says

New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence

NYCB stock cheapest among US lenders with over $3 billion in assets, S&P Global says
Business|Economy

ECB can cut rates and should rethink how it sets policy, Wunsch says

The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts inflation and sets policy based on these projections, Belgian

ECB can cut rates and should rethink how it sets policy, Wunsch says
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%

Follow