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

Latest From Reuters

Economy

EU says several Apple, Microsoft platforms don't qualify as gatekeepers

The EU Commission on Tuesday said several service platforms provided by Apple and Microsoft should not be designated as 'gatekeepers', which would make them subject to onerous obligations

EU says several Apple, Microsoft platforms don't qualify as gatekeepers
Economy

Futures ease on caution ahead of inflation data

U.S. stock index futures slipped on Tuesday with investors stepping to the sidelines ahead of an inflation print that could threaten to halt recent investor enthusiasm and offer clues on

Futures ease on caution ahead of inflation data
Business|Economy

US energy sector deals accelerate in quest for reserves

The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash

US energy sector deals accelerate in quest for reserves
Economy

Marketmind: 5,000 reasons for optimism

A look at the day ahead in U.S. and global markets by Amanda Cooper. The S&P 500 has finally broken the magic 5,000-level and just as the fourth-quarter results season winds down.

Marketmind: 5,000 reasons for optimism
Economy

Macron names former Engie chief as envoy for future Asia-EU corridor

French President Emmanuel Macron named the former head of gas utility Engie as its special envoy to a multinational rail and ports project linking the Middle East and South Asia

Macron names former Engie chief as envoy for future Asia-EU corridor
Economy

IMF's Georgieva "very confident" on soft landing, sees rate cuts coming

The International Monetary Fund is now "very confident" the world economy will see a soft landing, its Managing Director Kristalina Georgieva said on Monday, adding that interest

IMF's Georgieva "very confident" on soft landing, sees rate cuts coming
Economy

Israel Finance Minister says Moody's downgrade unreasonable, politicised

Israeli Finance Minister Bezalel Smotrich on Saturday brushed off a Moody's downgrading of Israel's credit rating, saying the decision linked to the Gaza war was not based on

Israel Finance Minister says Moody's downgrade unreasonable, politicised
Business|Economy

Layoffs pile up in US, Canada as companies uncertain of economy

U.S. and Canadian companies have continued to cut jobs in 2024 after letting go thousands last year, as they remain uncertain about the economic conditions.

Layoffs pile up in US, Canada as companies uncertain of economy
Economy

US December consumer prices revised lower

U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday.

US December consumer prices revised lower
Economy

Futures edge higher ahead of revised 2023 inflation data

U.S. stock index futures edged higher on Friday, a day after the benchmark S&P 500 breached the 5,000-mark for the first time, while investors looked ahead to inflation data for hints on

Futures edge higher ahead of revised 2023 inflation data
Economy

Take Five: Rain check on those rate-cut bets?

As China's troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia's central bank meeting and an election in the world's third-

Take Five: Rain check on those rate-cut bets?
Economy

Fed's Collins says her baseline expectation is 75 bps of rate cuts this year

Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely cut interest rates by three-quarters of a percentage point this year,

Fed's Collins says her baseline expectation is 75 bps of rate cuts this year
Economy

US to import more expensive sugar as Mexican supplies falter

The United States will import sugar at higher costs from places other than its main supplier Mexico, as production there has fallen due to adverse weather conditions, the U.S.

US to import more expensive sugar as Mexican supplies falter
Economy

US weekly jobless claims fall more than expected last week

The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a recent spike in

US weekly jobless claims fall more than expected last week
Economy

Fed's Kugler: "Optimistic" on inflation, though that remains policy focus

U.S.

Fed's Kugler: "Optimistic" on inflation, though that remains policy focus
Economy

Futures flat with focus on earnings, rate-cut expectations

U.S. stock index futures were muted on Wednesday though shares of Ford and Snap saw significant moves following their quarterly results, while investors were on the look out for clues from

Futures flat with focus on earnings, rate-cut expectations
Economy

US set to overtake China as Germany's top trade partner -DIHK

The United States is set to overtake China as Germany's most important trade partner by 2025 at the latest if current trends continue, according to the head of foreign trade at the

US set to overtake China as Germany's top trade partner -DIHK
Economy

Company auditors face more rigorous role in spotting fraud - global body

Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals on Tuesday.

Company auditors face more rigorous role in spotting fraud - global body
Economy

Prudential names company insider CFO

Prudential Financial said on Tuesday it had appointed company insider Yanela Frias as executive vice president and chief financial officer (CFO), effective March 15.

Prudential names company insider CFO
Economy

Fed's Mester open to rate cuts if clear inflation is easing further

Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday if the U.S. economy performs as she expects it could open the door to rate cuts, but she’s not ready yet to offer

Fed's Mester open to rate cuts if clear inflation is easing further
Economy

Canada's Ivey PMI rises to 9-month high in January

Canadian economic activity expanded at its fastest pace in nine months in January, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.

Canada's Ivey PMI rises to 9-month high in January
Economy

Deutsche Bank no longer expects U.S. recession in 2024

Deutsche Bank no longer expect the U.S. economy to tip into recession this year, given cooling inflation and the labor market returning to a "better balance" without unemployment rising

Deutsche Bank no longer expects U.S. recession in 2024
Economy

US new home sales rebound in December as mortgage rate retreat

Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market.

US new home sales rebound in December as mortgage rate retreat
Economy

Analysis-China's cratering markets drive mainstay retail investors away

Small Chinese investors are scrambling even harder than foreigners to exit the country's crumbling stock markets, sending premiums on global index funds skyrocketing as they

Analysis-China's cratering markets drive mainstay retail investors away
Economy

Citadel's Griffin says cooling inflation could lead to Fed rate cuts this summer

Cooling inflation in the United States gives the Federal Reserve room to potentially start cutting interest rates this summer, Citadel founder and billionaire investor Ken Griffin said on

Citadel's Griffin says cooling inflation could lead to Fed rate cuts this summer

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