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

Latest From Reuters

Economy

Foreign investors snap up long-term Japan bonds after three-week selling streak

Foreign investors ended a three-week trend of selling Japanese bonds by purchasing long-term securities, although analysts suggest the rebound could be fleeting amid ongoing market

Foreign investors snap up long-term Japan bonds after three-week selling streak
Business|Economy

New highs hold as disinflation resumes, US cools

A look at the day ahead in U.S. and global markets from Mike Dolan World stocks notched new records and the dollar nursed its worst day of the year as fears of an overheating U.S. economy dissipate -

New highs hold as disinflation resumes, US cools
Business|Economy

Deere cuts 2024 profit forecast as sliding farm income stifles demand

Deere on Thursday trimmed its annual profit forecast for the second time and projected steeper declines in sales of large agriculture equipment, as farmers balk at

Deere cuts 2024 profit forecast as sliding farm income stifles demand
Business|Economy

South Korea urges better cooperation on supply chain with China

South Korea's finance minister on Thursday said Seoul and Beijing should seek better economic cooperation on the supply chain for raw materials.

South Korea urges better cooperation on supply chain with China
Business|Economy

Israel Q1 economic growth rebounds 14.1%, lifted by shopping, building

Israelis resumed shopping and businesses invested in residential housing in the first three months of 2024, leading to a sharp economic rebound after growth was

Israel Q1 economic growth rebounds 14.1%, lifted by shopping, building
Economy

ECB's Centeno sees lower interest rates soon, no word on June decision

Euro zone inflation is in a sustained decline towards 2% and the European Central Bank's interest rates will certainly start diminishing, ECB policymaker Mario Centeno said on

ECB's Centeno sees lower interest rates soon, no word on June decision
Economy

ECB's rates framework may discourage money-market lending - Nagel

The European Central Bank's new interest rates framework may discourage money-market lending because banks will find it cheaper to tap the ECB, policymaker Joachim Nagel said on

ECB's rates framework may discourage money-market lending - Nagel
Economy

ECB not in a hurry to cut rates, should take measured steps after June, Kazaks says

The European Central Bank is likely to cut interest rates in June but the bank is not in a hurry to ease policy, so subsequent moves could be spaced out to give time for

ECB not in a hurry to cut rates, should take measured steps after June, Kazaks says
Business|Economy

European shares snap nine-day winning streak as Siemens weighs

European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a

European shares snap nine-day winning streak as Siemens weighs
Business|Economy

Post-CPI party goes global

A look at the day ahead in European and global markets from Kevin Buckland Hopes that the U.S. inflation genie is back in the bottle has given investors globally the confidence to snap up stocks and

Post-CPI party goes global
Economy

South Korea's state-run think tank raises GDP, inflation forecasts

South Korea's state-run think tank on Thursday raised its economic growth forecast for this year and said inflation is expected to ease at a slightly slower pace, as it noted the

South Korea's state-run think tank raises GDP, inflation forecasts
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

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