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

Latest From Reuters

Economy

Argentine economy chief praises fourth-straight month of fiscal surplus

Argentina will post a budget surplus in April for the fourth consecutive month under the new government, the country's economy chief said Wednesday, touting

Argentine economy chief praises fourth-straight month of fiscal surplus
Business|Economy

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons

Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by

Chile gives Albemarle option to boost lithium quota by 240,000 metric tons
Business|Economy

Norway sovereign wealth fund excludes three companies over ethical concerns

Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns.

Norway sovereign wealth fund excludes three companies over ethical concerns
Business|Economy

Soros Fund Management dissolves NYCB stake, adds Goldman Sachs, JPMorgan in first quarter

Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp and added positions in Goldman Sachs and

Soros Fund Management dissolves NYCB stake, adds Goldman Sachs, JPMorgan in first quarter
Business|Economy

Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations

U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder meeting due to conflict of interest.

Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations
Business|Economy

Kansas City Fed sets Jackson Hole conference dates Aug 22-24

The Federal Reserve Bank of Kansas City on Wednesday said its annual central banking conference in Jackson Hole, Wyoming, will take place from Aug. 22-24.

Kansas City Fed sets Jackson Hole conference dates Aug 22-24
Business|Economy

Fed's Kashkari: rates should stay on hold 'for a while longer'

Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should

Fed's Kashkari: rates should stay on hold 'for a while longer'
Business|Economy

U.S. homebuilder sentiment tumbles as rates slow buyer traffic

U.S. homebuilder sentiment soured in May for the first time in six months as high interest rates on home loans kept potential customers on the sidelines and more builders had to offer

U.S. homebuilder sentiment tumbles as rates slow buyer traffic
Business|Economy

US business inventories fall in March

U.S. business inventories fell in March, but this could lay the ground for businesses to rebuild stocks and support economic growth in the second quarter.

US business inventories fall in March
Economy

Brazil activity posts first-quarter growth despite March contraction

Brazil's economy exhibited a higher-than-expected contraction in March but still managed to clinch a positive performance in the first quarter, central bank data showed on

Brazil activity posts first-quarter growth despite March contraction
Business|Economy

Canada March factory sales down 2.1% on petroleum, autos

Canadian factory sales fell by 2.1% in March from February on lower sales of petroleum and coal products, as well as motor vehicles, Statistics Canada said on Wednesday.

Canada March factory sales down 2.1% on petroleum, autos
Business|Economy

Morgan Stanley to buy $700 million property loans tied to Signature Bank, Bloomberg reports

Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday, citing people familiar

Morgan Stanley to buy $700 million property loans tied to Signature Bank, Bloomberg reports
Business|Economy

US retail sales unexpectedly flat in April

U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum.

US retail sales unexpectedly flat in April
Business|Economy

US consumer prices rise less than expected; retail sales flat

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market

US consumer prices rise less than expected; retail sales flat
Business|Economy

Japan's top bank MUFG posts narrower-than-expected Q4 decline

Mitsubishi UFJ Financial Group (MUFG) posted a narrower-than-expected decline in fourth-quarter profit on Wednesday, and forecast slight profit growth in the current financial year.

Japan's top bank MUFG posts narrower-than-expected Q4 decline
Business|Economy

New stock records jump the CPI gun

A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem to have got bored waiting for today's big U.S. inflation print and stocks zoomed to new records in advance, taking

New stock records jump the CPI gun
Economy

Euro zone economy, employment expands by 0.3% in first quarter

The euro zone economy grew by 0.3% in the first quarter of the year, suggesting a slow recovery is now underway after six straight quarters of stagnant or negative growth,

Euro zone economy, employment expands by 0.3% in first quarter
Business|Economy

Japan's Mizuho posts big jump in Q4 profit, forecasts growth ahead

Mizuho Financial Group reported a big jump in fourth-quarter profit on Wednesday that beat expectations, helped by its overseas business and demand for loans at home, and it forecast

Japan's Mizuho posts big jump in Q4 profit, forecasts growth ahead
Business|Economy

Allianz posts better-than-expected 22% increase in Q1 net profit

Germany's Allianz posted a better-than-expected 22% rise in first-quarter net profit, helped by strength in its property and casualty insurance business, the company said on

Allianz posts better-than-expected 22% increase in Q1 net profit
Business|Economy

E.ON posts stable Q1 profits, raises investments by a quarter

E.ON on Wednesday posted first-quarter profits that were roughly stable year-on-year, adding that investments were up by around a quarter as Europe's biggest operator of energy

E.ON posts stable Q1 profits, raises investments by a quarter
Business|Economy

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine

Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine
Business|Economy

Power of Powell lifts stocks ahead of US CPI

A look at the day ahead in European and global markets from Ankur Banerjee European bourses are poised to keep the rally going ahead of the always important U.S.

Power of Powell lifts stocks ahead of US CPI
Business|Economy

Thai industrial sentiment falls in April on weak demand, wage hike plan

The Thai industrial sentiment index dropped in April, dented by slowing domestic demand, a government minimum wage hike plan and drought, the Federation of Thai Industries (FTI)

Thai industrial sentiment falls in April on weak demand, wage hike plan
Economy

Fed's Schmid says he is prepared to be patient on policy

Inflation is still too high, and the U.S. central bank has more work to do to bring it down, Kansas City Federal Reserve Bank President Jeffrey Schmid said on Tuesday, a signal that he

Fed's Schmid says he is prepared to be patient on policy
Business|Economy

China's central bank leaves key policy rate unchanged

China's central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations.

China's central bank leaves key policy rate unchanged

Follow