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

Latest From Reuters

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
Business|Economy

China's Country Garden repays onshore coupons within grace period

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following

China's Country Garden repays onshore coupons within grace period
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

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