Today: November 05, 2024
Today: November 05, 2024

Latest From Reuters

Business|Economy|Europe|Finance

Allianz posts better-than-expected 22% increase in Q1 net profit

Germany's Allianz posted a better-than-expected 22% rise in first-quarter net profit, helped by strength in its property and casualty insurance business, the company said on

Allianz posts better-than-expected 22% increase in Q1 net profit
Business|Economy|Europe|Finance|Stock Markets

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine

Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine
Business|Economy|Finance

Power of Powell lifts stocks ahead of US CPI

A look at the day ahead in European and global markets from Ankur Banerjee European bourses are poised to keep the rally going ahead of the always important U.S.

Power of Powell lifts stocks ahead of US CPI
Business|Economy|Finance|US

Fed's Schmid says he is prepared to be patient on policy

Inflation is still too high, and the U.S. central bank has more work to do to bring it down, Kansas City Federal Reserve Bank President Jeffrey Schmid said on Tuesday, a signal that he

Fed's Schmid says he is prepared to be patient on policy
Asia|Business|Economy|Finance

China's central bank leaves key policy rate unchanged

China's central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations.

China's central bank leaves key policy rate unchanged
Business|Economy|Europe|Finance

French central bank sees "slight" second quarter growth

The French economy is set to expand slightly in the second quarter after growing 0.2% in the first quarter, the country's central bank said on Tuesday in its monthly business survey.

French central bank sees "slight" second quarter growth
Business|Economy|Finance|US

Converse to cut jobs as part of Nike's cost-savings plan

Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday.

Converse to cut jobs as part of Nike's cost-savings plan
Economy|Finance|US

US imposes sanctions after aborted sale of Russian tycoon stake

The U.S.

US imposes sanctions after aborted sale of Russian tycoon stake
Business|Economy|US

Trump says US China tariffs needed on other vehicles, products

Republican presidential candidate Donald Trump said on Tuesday the Biden administration's new tariffs on Chinese electric vehicles, semiconductors and medical products should be

Trump says US China tariffs needed on other vehicles, products
Business|Economy|Finance

Tesco's 10 million pound man - CEO's annual pay package doubles

The boss of Tesco, Britain's largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when

Tesco's 10 million pound man - CEO's annual pay package doubles
Business|Economy|Finance|US

US small business sentiment rebounds in April

U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert

US small business sentiment rebounds in April
Business|Economy|Finance

OPEC sticks to oil demand view, shifts key forecast to OPEC+

OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would start projecting demand for OPEC+ crude, reflecting that the

OPEC sticks to oil demand view, shifts key forecast to OPEC+
Business|Economy|Finance|US

Inflation vigil sees single stock sideshows

A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh

Inflation vigil sees single stock sideshows
Business|Economy|Finance

India April wholesale price index rises at fastest pace in a year

India's wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday.

India April wholesale price index rises at fastest pace in a year
Business|Economy|Finance

Investors 'most bullish' since Nov 2021 - BofA survey

Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund manager survey for May

Investors 'most bullish' since Nov 2021 - BofA survey
Business|Economy|Finance

Japan will keep close communication with BOJ on forex, finance minister says

The Japanese government will closely work with the Bank of Japan on currency market matters to ensure there is no friction between their mutual policy objectives, finance minister

Japan will keep close communication with BOJ on forex, finance minister says
Asia|Australia|Business|Economy|Finance

Australia sees second straight budget surplus, inflation easing sharply

Australia's government will boast a second consecutive budget surplus on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of

Australia sees second straight budget surplus, inflation easing sharply
Business|Economy|Finance|US

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

Illinois state treasurer Michael Frerichs urged Exxon Mobil shareholders to vote against the election of CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley
Business|Economy|Finance|US

Yellen says Chinese response possible on expected US tariff action

The United States could see a significant response from China following any U.S. tariff actions, U.S.

Yellen says Chinese response possible on expected US tariff action
Business|Economy|Finance|US

Corporate greed not to blame for price pressures, Fed study shows

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

Corporate greed not to blame for price pressures, Fed study shows
Business|Economy|Finance|US

US financial regulators propose anti-money laundering rules for fund advisers

Two U.S. financial regulators jointly proposed new rules on Monday that would fight money laundering by requiring fund advisers to document customer identities, part of a wider effort to

US financial regulators propose anti-money laundering rules for fund advisers
Business|Economy|Finance|Stock Markets

Brazilian airline Azul's losses narrow in first quarter

Brazilian airline Azul's losses narrowed in the first quarter to 324.2 million reais ($62.86 million), it reported on Monday, as demand for air travel in the country picked up.

Brazilian airline Azul's losses narrow in first quarter
Americas|Economy|Finance

IMF staff, Argentina agree loan review to help unlock $800 million

Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country's $44 billion extended fund facility arrangement, as

IMF staff, Argentina agree loan review to help unlock $800 million
Business|Economy|Europe|Finance

Anglo American rejects BHP's revised $42.7 billion buyout proposal

Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world's largest listed miner "continues to

Anglo American rejects BHP's revised $42.7 billion buyout proposal
Asia|Business|Economy|Finance

China to kick off 1 trillion yuan stimulus bond issues this week

China's finance ministry plans to start raising 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds it will use to

China to kick off 1 trillion yuan stimulus bond issues this week

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