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

Latest From Reuters

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
Business|Economy

Australian interest rate changes since 1990

The Reserve Bank of Australia on Tuesday left its cash rate unchanged at 4.35% following a policy meeting.

Australian interest rate changes since 1990
Business|Economy

Rates relief; harvest gloom

A look at the day ahead in European and global markets from Tom Westbrook Gilts and London stocks were poised to catch up with global gains, following Monday's market holiday.

Rates relief; harvest gloom
Business|Economy

Japan's service activity extends gains on solid demand, PMI shows

Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that

Japan's service activity extends gains on solid demand, PMI shows
Business|Economy|Environment

US must support critical mineral projects in risky nations, White House adviser says

The United States and its allies must encourage mining projects in countries where Western corporations are reticent to do business to guarantee a reliable and sustainable global supply of

US must support critical mineral projects in risky nations, White House adviser says
Business|Economy

UK consumer spending softens in April, surveys show

British consumers kept a tight rein on their spending last month, according to surveys on Tuesday that showed tepid activity even after accounting for the timing of the Easter holidays.

UK consumer spending softens in April, surveys show
Business|Economy

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates
Business|Economy

Air Lease Q1 profit misses estimates on higher interest expenses

Air Lease Corp said it is wrestling with delivery delays from planemakers Boeing and Airbus, after reporting a lower-than-expected quarterly profit on Monday as it made higher interest

Air Lease Q1 profit misses estimates on higher interest expenses
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

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