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

Latest From Reuters

Business|Economy|Europe|Finance|Stock Markets

European shares end flat as investors await for inflation test

Europe's STOXX 600 closed flat on Monday, as investors geared up for a slew of economic data from the euro zone and a key U.S. inflation print later in

European shares end flat as investors await for inflation test
Australia|Business|Economy|Finance|Stock Markets

Australian regulator investigates ANZ over treasury-bond issuance

ANZ Group Holdings said on Monday Australia's corporate regulator is investigating the lender for suspected violation of laws in executing the issuance of 10-year treasury bonds by the

Australian regulator investigates ANZ over treasury-bond issuance
Australia|Business|Economy|Finance

Australia says inflation could ease to RBA target range by year end

Australia's government, preparing to announce the federal budget, said on Sunday inflation could moderate to the central bank's 2%-3% target range by the end of the year, a faster

Australia says inflation could ease to RBA target range by year end
Asia|Business|Economy|Finance

China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion

Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first

China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion
Australia|Business|Economy|Finance

Australia government says budget to help ease high inflation

Australian Treasurer Jim Chalmers said on Sunday he expected this week's federal budget would help ease the country's stubbornly high inflation, as many Australians continue to

Australia government says budget to help ease high inflation
Asia|Business|Economy|Finance

China's Country Garden repays onshore coupons within grace period

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following

China's Country Garden repays onshore coupons within grace period
Business|Economy|Finance|US

US judge halts rule capping credit card late fees at $8

A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau's new rule capping credit card late fees at $8, a victory for business and banking groups

US judge halts rule capping credit card late fees at $8
Economy|Finance|US

US Treasury posts $210 billion surplus in April

The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts outpaced a rise in outlays, the Treasury Department said on Friday.

US Treasury posts $210 billion surplus in April
Business|Economy|Finance|US

Fed's Goolsbee says US interest rates are 'relatively restrictive'

Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is "relatively restrictive," meaning that borrowing costs are putting downward pressure on

Fed's Goolsbee says US interest rates are 'relatively restrictive'
Americas|Economy|Finance

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows

Brazil's annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
Business|Economy

Canada moves to push back start date for possible rail strike

The Canadian government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an

Canada moves to push back start date for possible rail strike
Business|Economy|Finance

China's central bank pledges to support economic recovery

China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.

China's central bank pledges to support economic recovery
Business|Economy|Finance|Stock Markets|US

Global equity funds attract big inflows as rate cut bets rise

Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report.

Global equity funds attract big inflows as rate cut bets rise
Business|Economy|Finance|Stock Markets|US

May rescued by jobless jump, BoE shift, HK surge

A look at the day ahead in U.S. and global markets from Mike Dolan World stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor

May rescued by jobless jump, BoE shift, HK surge
Business|Economy|Europe|Finance|US

Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027

U.S. automaker Ford plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, Spain's Industry Ministry said on Friday.

Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027
Business|Economy|Europe|Finance

Retailer Lidl UK raises staff pay for third time in 12 months

The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months.

Retailer Lidl UK raises staff pay for third time in 12 months
Africa|Business|Economy|Finance

Zimbabwe to fine businesses not using official new exchange rate

Zimbabwe will fine businesses using inflated exchange rates as the government battles to maintain the value of its newly introduced gold-backed currency, the Zimbabwe Gold (ZiG).

Zimbabwe to fine businesses not using official new exchange rate
Business|Economy|Europe|Finance|Stock Markets

STOXX 600 closes at record high on earnings, rate cut optimism

Europe's main stock index closed at a record high on Friday, on track for its biggest weekly gain since late January, as risk appetite was bolstered by

STOXX 600 closes at record high on earnings, rate cut optimism
Asia|Business|Economy

Philippines eyes boost to nickel processing capacity

The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel

Philippines eyes boost to nickel processing capacity
Asia|Business|Economy|Environment

China's push for greener aluminium hit by erratic rains, power cuts

Erratic rainfall in China's southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates,

China's push for greener aluminium hit by erratic rains, power cuts
Asia|Business|Economy|Finance

Why China's tolerance for a cheaper currency may be temporary

Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say

Why China's tolerance for a cheaper currency may be temporary
Americas|Business|Economy|Finance|Stock Markets|US

Mexico's Bankaool plans US stock market debut by 2026

Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender's

Mexico's Bankaool plans US stock market debut by 2026
Business|Economy|Finance|US

US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing

U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the

US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
Americas|Economy|Finance|Stock Markets

Brazil markets fall as central bank split decision triggers concern about dovish turn

Brazil's markets fell on Thursday after the central bank cut rates in a split decision that saw appointees of the current government advocating for a larger reduction, sparking

Brazil markets fall as central bank split decision triggers concern about dovish turn
Business|Economy|Finance|US

Citgo Petroleum reports first quarter profit of $410 million

U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.

Citgo Petroleum reports first quarter profit of $410 million

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