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

Latest From Reuters

Business|Economy

Egypt's non-oil business shrinks for 41st straight month, PMI shows

Egypt's non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with the United Arab Emirates in February and an $8 billion IMF agreement in

Egypt's non-oil business shrinks for 41st straight month, PMI shows
Business|Economy

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the

With onsite inspections, China dials up scrutiny of local market IPO hopefuls
Business|Economy

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire

Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian

KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire
Business|Economy

Philippines posts $3.2 billion trade deficit in March

The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday.

Philippines posts $3.2 billion trade deficit in March
Business|Economy

Retailer Falabella posts first-quarter profit on Peru business

Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru.

Retailer Falabella posts first-quarter profit on Peru business
Business|Economy

Brazil's Carrefour swings to profit in first quarter

Carrefour Brasil, which is controlled by France's Carrefour, reported a net profit of 39 million reais ($7.7 million) for the first quarter, reversing losses in the same period

Brazil's Carrefour swings to profit in first quarter
Business|Economy

FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution

Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S

FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution
Business|Economy

Wynn Resorts quarterly results beat estimates on strength in Macau business

Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties.

Wynn Resorts quarterly results beat estimates on strength in Macau business
Business|Economy

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure

Fitch Ratings on Tuesday downgraded embattled regional lender New York Community Bancorp and its bank subsidiary, Flagstar Bank, to 'BB' from 'BB+'.

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure
Business|Economy

Froot Loops maker WK Kellogg beats revenue estimates on higher prices

WK Kellogg Co beat Wall Street estimates for quarterly sales on Tuesday, as higher product prices offset pressure from slowing demand for the Froot Loops maker's ready-to-eat breakfast

Froot Loops maker WK Kellogg beats revenue estimates on higher prices
Business|Economy

CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall

Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost

CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Business|Economy|Environment

US electric utility Sempra's profit falls 17% in first quarter

Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped

US electric utility Sempra's profit falls 17% in first quarter
Business|Economy

Duke Energy first-quarter profit beats as residential customers surge

Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday on higher electricity rates as the utility saw increasing residential and commercial customer demand in its U.S.

Duke Energy first-quarter profit beats as residential customers surge
Business|Economy

Nissan CEO: committed to staying in China but strategy there must change

Nissan is committed to staying in China but the company must change its strategy in the country, Nissan CEO Makoto Uchida told a business conference hosted by the Financial Times in

Nissan CEO: committed to staying in China but strategy there must change
Business|Economy

Private equity firms consider potential Peloton buyout, CNBC reports

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of

Private equity firms consider potential Peloton buyout, CNBC reports
Business|Economy|Education

Australian budget to target housing woes with more construction workers

The Australian government will boost the number of skilled workers in the housing sector in next week's national budget, spending A$90.6 million ($59.76 million) on free training

Australian budget to target housing woes with more construction workers
Business|Economy

Mexico's auto production, exports jump in April

Mexico's automotive industry saw a jump in production in April while exports also increased from a year earlier, data from national statistics agency INEGI showed on Tuesday.

Mexico's auto production, exports jump in April
Business|Economy

Morning bid: Cooler US takes edginess off markets, UBS jumps

A look at the day ahead in U.S. and global markets from Mike Dolan World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit

Morning bid: Cooler US takes edginess off markets, UBS jumps
Business|Economy

Embraer reaffirms 2024 outlook, says no plans for new narrowbody

Brazilian planemaker Embraer on Tuesday reaffirmed its full-year outlook after posting a smaller first-quarter net loss, while rebuffing speculation that it

Embraer reaffirms 2024 outlook, says no plans for new narrowbody
Business|Economy

Prada heir says group always looking for M&A opportunities

Italian luxury group Prada is always looking out for acquisition opportunities, Lorenzo Bertelli, son of the group's founders, said on Tuesday.

Prada heir says group always looking for M&A opportunities
Business|Economy

China's CICC may cut investment banking headcount by at least 10% this year, sources say

China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market

China's CICC may cut investment banking headcount by at least 10% this year, sources say
Business|Economy

UBS CEO says job cuts in Switzerland to start in late 2024

UBS's CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026.

UBS CEO says job cuts in Switzerland to start in late 2024
Business|Economy

Perpetual to be broken up with name being sold to KKR in nearly $1 billion deal, AFR reports

Australia's Perpetual will be broken up, with its name sold to global investment firm KKR & Co, in a deal worth over A$1.5 billion ($990 million), the Australian Financial Review reported

Perpetual to be broken up with name being sold to KKR in nearly $1 billion deal, AFR reports
Business|Economy

Airbus says deliveries up 13% in April, reaffirms A350F timeline

Airbus delivered 61 aircraft in April, up 13% from the same month of 2023, bringing deliveries so far this year to 203, the European planemaker said on Tuesday.

Airbus says deliveries up 13% in April, reaffirms A350F timeline
Business|Economy

UK house prices inch up as high rates squeeze buyers, Halifax says

British house prices edged 0.1% higher in April to stand 1.1% up on a year earlier, figures from mortgage lender Halifax showed on Tuesday, a slight pick-up from

UK house prices inch up as high rates squeeze buyers, Halifax says

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