Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Business|Economy

UPS CFO Brian Newman to step down on June 1, company says

United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS CFO Brian Newman to step down on June 1, company says
Business|Economy

US banks report weaker loan demand, Fed survey says

U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of

US banks report weaker loan demand, Fed survey says
Business|Economy

South Korea FX reserves log biggest monthly drop in 19 months on intervention

South Korea's foreign exchange reserves dropped in April by the biggest amount in 19 months as authorities intervened in the currency market to curb weakness in the won currency.

South Korea FX reserves log biggest monthly drop in 19 months on intervention
Business|Economy

Canada's Brookfield to invest $1.5 billion in private credit manager Castlelake

Canada's Brookfield Asset Management will invest about $1.5 billion in U.S.-based private credit manager Castlelake, the companies said on Monday.

Canada's Brookfield to invest $1.5 billion in private credit manager Castlelake
Business|Economy

Robinhood Crypto gets Wells notice from US SEC

Retail trading platform Robinhood Markets said on Monday it received an enforcement action notice from the U.S.

Robinhood Crypto gets Wells notice from US SEC
Business|Economy

Shah Capital urges Novavax shareholders to vote against three directors

Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and opposed proposals related to executive compensation,

Shah Capital urges Novavax shareholders to vote against three directors
Business|Economy

Loews reports higher profit on strong returns on investment income

Loews Corp on Monday reported a near 22% jump in first-quarter profit compared with the previous year, helped by higher premiums and strong returns on its investments.

Loews reports higher profit on strong returns on investment income
Business|Economy

Relief (mostly) everywhere

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.

Relief (mostly) everywhere
Business|Economy

Spirit Airlines warns of more pain from grounded jets, excess capacity

Spirit Airlines on Monday forecast a loss in the second quarter as its earnings continue to reel from the grounding of a number of its aircraft as

Spirit Airlines warns of more pain from grounded jets, excess capacity
Business|Economy

China home sales slump 47% over May Day holiday vs 2023

China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same

China home sales slump 47% over May Day holiday vs 2023
Business|Economy

Euro zone business activity grows at fastest pace in almost a year, PMI shows

Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in

Euro zone business activity grows at fastest pace in almost a year, PMI shows
Business|Economy

European shares close at highest in a week; Indra surges

European shares closed at their highest levels in one week on Monday, with investor optimism over interest rate cuts from major central banks back to

European shares close at highest in a week; Indra surges
Business|Economy

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports

Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports
Business|Economy

Back on the rate cut track

A look at the day ahead in European and global markets from Rae Wee European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to

Back on the rate cut track
Business|Economy

Russia’s services sector grows at slowest rate in 15 months, PMI shows

Activity across Russia’s services sector in April grew at its slowest rate in 15 months, a business survey showed on Monday, as the increase in new orders lost pace amid slackening demand.

Russia’s services sector grows at slowest rate in 15 months, PMI shows
Economy|Business

Canada's WestJet reaches tentative deal with union to avoid work stoppage

Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday

Canada's WestJet reaches tentative deal with union to avoid work stoppage
Business|Economy

China's services activity eases in April but still solid, Caixin PMI shows

China's services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained

China's services activity eases in April but still solid, Caixin PMI shows
Business|Economy

Westpac raises share buyback by $661 million even as costs and competition bite

Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even

Westpac raises share buyback by $661 million even as costs and competition bite
Business|Economy

Saudi Arabia's non-oil business activity growth steady in April-PMI

Saudi Arabia's non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output.

Saudi Arabia's non-oil business activity growth steady in April-PMI
Business|Economy

Berkshire exec calls wildfire claims against utility 'unfounded'

Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top

Berkshire exec calls wildfire claims against utility 'unfounded'
Business|Economy

Buffett talks succession and Berkshire's future at annual meeting

Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the

Buffett talks succession and Berkshire's future at annual meeting
Business|Economy|Entertainment

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for

Warren Buffett says Berkshire sold entire Paramount stake at a loss
Business|Economy

Hershey tops first-quarter estimates on higher pricing

Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.

Hershey tops first-quarter estimates on higher pricing
Business|Economy

Morning bid: Jobs test Fed relief, Apple buyback bump

A look at the day ahead in U.S. and global markets from Mike Dolan The strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster

Morning bid: Jobs test Fed relief, Apple buyback bump
Economy

Hong Kong March retail sales down 7%, snapping 15 months of growth

Hong Kong's March retail sales fell 7% from a year earlier, partly due to a high base of comparison for visitor spending and the Easter holidays, government data showed on Friday

Hong Kong March retail sales down 7%, snapping 15 months of growth

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