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

Latest From Reuters

Business|Economy

MicroStrategy, Indian companies among additions to MSCI indexes

Index provider MSCI will count U.S. bitcoin investor MicroStrategy among 42 additions to its widely tracked world index while more firms from India join its emerging markets index,

MicroStrategy, Indian companies among additions to MSCI indexes
Business|Economy

US banking regulators announce July 19 public meeting on Capital One-Discover deal

A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial

US banking regulators announce July 19 public meeting on Capital One-Discover deal
Business|Economy

NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase.

NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan
Business|Economy

Honda moves to cut China workforce with voluntary layoffs

Honda Motor is scaling down its full-time production workforce in China, with roughly 1,700 employees having agreed to leave thus far, the Japanese automaker said on Wednesday, as its

Honda moves to cut China workforce with voluntary layoffs
Business|Economy

Brazil's JBS earns nearly $320 million in Q1, beating analysts expectations

Brazil's JBS SA, the world's largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter, which beat analysts' expectations

Brazil's JBS earns nearly $320 million in Q1, beating analysts expectations
Business|Economy

Citi executive in charge of implementing bank's restructuring departs

Citigroup's Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday.

Citi executive in charge of implementing bank's restructuring departs
Economy

French central bank sees "slight" second quarter growth

The French economy is set to expand slightly in the second quarter after growing 0.2% in the first quarter, the country's central bank said on Tuesday in its monthly business survey.

French central bank sees "slight" second quarter growth
Business|Economy

Converse to cut jobs as part of Nike's cost-savings plan

Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday.

Converse to cut jobs as part of Nike's cost-savings plan
Business|Economy

Traders pare bets on Sept start to Fed rate cuts

Traders on Tuesday pared bets the Federal Reserve will deliver a first interest-rate cut in September after a government report showed wholesale prices rose more than expected in April. 

Traders pare bets on Sept start to Fed rate cuts
Business|Economy

BHP boss appeals to Anglo investors after bid rejections

BHP Chief Executive Mike Henry said that Anglo American investors need to consider the merits of his company's bid for its smaller London-listed rival, seeking to drum

BHP boss appeals to Anglo investors after bid rejections
Business|Economy

Tesco's 10 million pound man - CEO's annual pay package doubles

The boss of Tesco, Britain's largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when

Tesco's 10 million pound man - CEO's annual pay package doubles
Business|Economy

US small business sentiment rebounds in April

U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert

US small business sentiment rebounds in April
Business|Economy

BoE might consider rate cut during the summer, chief economist says

The Bank of England might be able to consider cutting interest rates over the summer although Britain's labour market remains tight by historical standards, the central bank's chief

BoE might consider rate cut during the summer, chief economist says
Economy

German investor morale hits two-year high in May

German investor morale improved more than expected in May, reaching its highest level since February 2022, when Russia invaded Ukraine, the ZEW economic research

German investor morale hits two-year high in May
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

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