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

Latest From Reuters

Business|Economy

Goldman Sachs settles 2014 class action lawsuit tied to metal trades

Goldman Sachs said on Friday it had reached an in-principle settlement to resolve a 2014 class action lawsuit related to trading in platinum and palladium.

Goldman Sachs settles 2014 class action lawsuit tied to metal trades
Business|Economy

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs
Business|Economy

NYSE-parent ICE's revenue misses as muted IPO markets offset record energy trading

Intercontinental Exchange reported first-quarter revenue slightly below estimates on Thursday as an uneven recovery in U.S. initial public offerings cut

NYSE-parent ICE's revenue misses as muted IPO markets offset record energy trading
Business|Economy

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors

Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
Business|Economy

Yen's wild week has bears wary

A look at the day ahead in European and global markets from Ankur Banerjee: A more dovish-than-expected Federal Reserve meeting and an eye-watering $110 billion share buyback programme from Apple have

Yen's wild week has bears wary
Business|Economy

Australia's Macquarie sees biggest profit dip in 15 years on commodities downturn

Top Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy

Australia's Macquarie sees biggest profit dip in 15 years on commodities downturn
Economy

ECB's Stournaras sees just three rate cuts in 2024 on strong growth

The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis

ECB's Stournaras sees just three rate cuts in 2024 on strong growth
Business|Economy

Take Five: Surfin USA

Central banks in Australia, Britain and Sweden will meet this week, as markets assess how much leeway the U.S. Federal Reserve has to cut rates this year.

Take Five: Surfin USA
Business|Economy

US equity funds see sharp outflows as investors brace for extended high rates

U.S. equity funds suffered sharp outflows in the seven days to April 17 as investors anticipated prolonged restrictive interest rates amid stubborn inflation in a resilient U.S. economy.

US equity funds see sharp outflows as investors brace for extended high rates
Economy

Portugal jobless rate slips to 6.5% in March

Portugal's monthly unemployment rate slipped to 6.5% in March from a revised reading of 6.6% in February, the National Statistics Institute (INE) said in its flash estimate on Thursday.

Portugal jobless rate slips to 6.5% in March
Business|Economy

Fed QT taper calms the horses, yen pops again

A look at the day ahead in U.S. and global markets from Mike Dolan Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening"

Fed QT taper calms the horses, yen pops again
Business|Economy

StanChart profit beats forecasts as fee income boost offsets credit losses

Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and

StanChart profit beats forecasts as fee income boost offsets credit losses
Economy

Japan household spending likely accelerated pace of declines in March: Reuters poll

Japanese household spending probably accelerated its pace of declines in March, a Reuters poll showed on Thursday, underscoring the difficulties facing policymakers keen to engineer

Japan household spending likely accelerated pace of declines in March: Reuters poll
Business|Economy

Thailand to increase daily minimum wage to 400 baht in Oct

Thailand's government plans to increase the daily minimum wage to 400 baht ($10.84) from October, a spokesperson said on Thursday, a policy that could help lift consumption in

Thailand to increase daily minimum wage to 400 baht in Oct
Business|Economy

South Korea unveils guidelines for 'Corporate Value-up Programme'

South Korea's financial regulator on Thursday proposed detailed guidelines for companies if they choose to participate in the government's reform programme aimed at enhancing

South Korea unveils guidelines for 'Corporate Value-up Programme'
Business|Economy

Hong Kong central bank keeps key rate unchanged, tracks Fed decision

The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a decision by the U.S.

Hong Kong central bank keeps key rate unchanged, tracks Fed decision
Business|Economy

Intervene, rinse, repeat

A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of

Intervene, rinse, repeat
Business|Economy

BOJ saw need to let markets drive yields upon March exit, minutes show

Many Bank of Japan board members agreed the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow

BOJ saw need to let markets drive yields upon March exit, minutes show
Business|Economy

Russian court cancels seizure of some JPMorgan funds in VTB dispute

A Russian court has cancelled the seizure of part of JPMorgan's funds in Russia in a lawsuit brought by state lender VTB, court documents show.

Russian court cancels seizure of some JPMorgan funds in VTB dispute
Business|Economy

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices

Pop-Tarts maker Kellanova on Thursday beat Wall Street estimates for first-quarter sales and profit on higher prices and firm demand for its breakfast cereals and ready

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices
Business|Economy

US productivity slows sharply in first quarter

U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.

US productivity slows sharply in first quarter
Business|Economy

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss

Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss
Business|Economy

Moody's tops quarterly profit estimates on strong product demand

Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

Moody's tops quarterly profit estimates on strong product demand
Business|Economy

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins

Huntington Ingalls reported better-than-expected quarterly earnings on Thursday on the back of demand for aircraft carriers but profit margins were below company estimates, sending shares

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins
Business|Economy

European shares ease after Fed decision, mixed earnings

European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings

European shares ease after Fed decision, mixed earnings

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