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

Latest From Reuters

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
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

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