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

Latest From Reuters

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
Business|Economy

Commercial aircraft, motor vehicles lift US factory orders

New orders for U.S.-manufactured goods increased solidly in March, boosted by demand for commercial aircraft and motor vehicles, but gains elsewhere were moderate.

Commercial aircraft, motor vehicles lift US factory orders
Business|Economy

Goldman Sachs scraps EU-era bonus cap for top bankers in UK, source says

Goldman Sachs has removed the cap on bonuses for its top bankers in the UK, according to a source familiar with the matter, months after the country axed the policy it had inherited from

Goldman Sachs scraps EU-era bonus cap for top bankers in UK, source says
Business|Economy

Shell not looking at New York relisting at the moment, CEO says

Shell is not actively looking at relisting in New York at the moment, and is focused on share repurchases, CEO Wael Sawan said on Thursday.

Shell not looking at New York relisting at the moment, CEO says
Business|Economy

EOG Resources beats first-quarter profit estimates on higher oil production

EOG Resources beat first-quarter profit estimates on Thursday as the oil and gas firm benefited from higher oil production and prices.

EOG Resources beats first-quarter profit estimates on higher oil production
Business|Economy

Pakistan pushes back deadline for expressions of interest to buy national airline

Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister

Pakistan pushes back deadline for expressions of interest to buy national airline
Business|Economy

FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ

Exxon Mobil Corp is set to close its $60 billion acquisition of Pioneer Natural Resources after an agreement with antitrust enforcers that will keep former Pioneer CEO Scott

FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ
Business|Economy

DBS quarterly results trounce forecasts, another record year expected

Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit

DBS quarterly results trounce forecasts, another record year expected
Business|Economy

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing
Business|Economy

Carvana shares soar on upbeat forecast for core profit, retail sales

Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit.

Carvana shares soar on upbeat forecast for core profit, retail sales

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