Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Business|Economy

Ant Group profit down 19% to 7.87 billion yuan

China's Ant Group posted a 19% fall in net profit of 7.87 billion yuan ($1.09 billion) in the three months to Dec. 31, according to Reuters calculations based on Alibaba Group

Ant Group profit down 19% to 7.87 billion yuan
Business|Economy

Inflation vigil sees single stock sideshows

A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh

Inflation vigil sees single stock sideshows
Business|Economy

Brazil cosmetics maker Natura widens net loss in Q1 but margins rise

Brazilian cosmetics maker Natura &Co reported late on Monday a net loss of 934.9 million reais ($181.29 million) for the first quarter, larger than the 652 million-real loss it

Brazil cosmetics maker Natura widens net loss in Q1 but margins rise
Business|Economy

Investors 'most bullish' since Nov 2021 - BofA survey

Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund manager survey for May

Investors 'most bullish' since Nov 2021 - BofA survey
Economy

German final inflation confirmed at 2.4% in April

German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming preliminary data.

German final inflation confirmed at 2.4% in April
Business|Economy

Markets eye US CPI and record high

A look at the day ahead in European and global markets from Tom Westbrook Stocks near record highs and Bill Hwang and Roaring Kitty in the headlines lend this week an air of deja vu ahead of U.S.

Markets eye US CPI and record high
Business|Economy

Japan will keep close communication with BOJ on forex, finance minister says

The Japanese government will closely work with the Bank of Japan on currency market matters to ensure there is no friction between their mutual policy objectives, finance minister

Japan will keep close communication with BOJ on forex, finance minister says
Business|Economy

Mexican airline Grupo Aeroméxico reveals 29% annual revenue jump in US IPO filing

Grupo Aeroméxico SAB de CV recorded a 29% jump in revenue for 2023, the Mexican airline disclosed in its paperwork for an initial public offering in the United States on Monday, more than

Mexican airline Grupo Aeroméxico reveals 29% annual revenue jump in US IPO filing
Business|Economy

JPMorgan pushes back on ISS recommendations on severance, independent chair

JPMorgan Chase on Monday pushed back against recommendations made by proxy advisor Institutional Shareholder Services (ISS) on investor proposals on severance payouts and the separation of

JPMorgan pushes back on ISS recommendations on severance, independent chair
Economy

Japan's firm wholesale inflation keeps alive near-term rate hike risks

Japan's wholesale inflation held steady at 0.9% in April as the yen's declines pushed up import costs, suggesting another wave of price hikes could prod the central

Japan's firm wholesale inflation keeps alive near-term rate hike risks
Business|Economy

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

Illinois state treasurer Michael Frerichs urged Exxon Mobil shareholders to vote against the election of CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley
Business|Economy

Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports

Volkswagen is exploring the sale of as much as1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE, Bloomberg News reported on Monday, citing people

Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports
Business|Economy

Corporate greed not to blame for price pressures, Fed study shows

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

Corporate greed not to blame for price pressures, Fed study shows
Business|Economy

US financial regulators propose anti-money laundering rules for fund advisers

Two U.S. financial regulators jointly proposed new rules on Monday that would fight money laundering by requiring fund advisers to document customer identities, part of a wider effort to

US financial regulators propose anti-money laundering rules for fund advisers
Business|Economy

Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports

Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people

Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
Economy

IMF staff, Argentina agree loan review to help unlock $800 million

Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country's $44 billion extended fund facility arrangement, as

IMF staff, Argentina agree loan review to help unlock $800 million
Business|Economy

Earnings hurdle cleared - CPI fence up next

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking

Earnings hurdle cleared - CPI fence up next
Business|Economy

Anglo American rejects BHP's revised $42.7 billion buyout proposal

Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world's largest listed miner "continues to

Anglo American rejects BHP's revised $42.7 billion buyout proposal
Economy

India's retail inflation eases slightly in April, surge in food prices continues

India's retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on

India's retail inflation eases slightly in April, surge in food prices continues
Business|Economy

China to kick off 1 trillion yuan stimulus bond issues this week

China's finance ministry plans to start raising 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds it will use to

China to kick off 1 trillion yuan stimulus bond issues this week
Business|Economy

Australian regulator investigates ANZ over treasury-bond issuance

ANZ Group Holdings said on Monday Australia's corporate regulator is investigating the lender for suspected violation of laws in executing the issuance of 10-year treasury bonds by the

Australian regulator investigates ANZ over treasury-bond issuance
Business|Economy

South Korea tightens scrutiny to speed up real estate restructuring

South Korea's financial watchdog said on Monday it was expanding and toughening the assessment of real estate projects in a bid to speed up restructuring of the sector.

South Korea tightens scrutiny to speed up real estate restructuring
Economy

Australia says inflation could ease to RBA target range by year end

Australia's government, preparing to announce the federal budget, said on Sunday inflation could moderate to the central bank's 2%-3% target range by the end of the year, a faster

Australia says inflation could ease to RBA target range by year end
Business|Economy

German aviation company Lilium and Swiss firm to open new sites in France

German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million),

German aviation company Lilium and Swiss firm to open new sites in France
Business|Economy

China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion

Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first

China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion

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