BHP insists Anglo American's South African assets must go in any takeover, sources say
By Melanie Burton, Scott Murdoch and Lewis Jackson MELBOURNE/SYDNEY (Reuters) - BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revi...
3h ago
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil pri...
3h ago
UK house prices inch higher in April, Halifax says
LONDON (Reuters) -British house prices edged higher in April, rising 0.1% from March and up 1.1% from a year earlier, figures from mortgage lender Halifax showed on Tuesday, a slight acceleration from March's 0.4% annual growth as interest rates stay h...
3h ago
Toyota to get an earnings lift from hybrids as EV hype cools
By Daniel Leussink (Reuters) - Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric ...
3h ago
German exports rise more than expected in March
By Rachel More (Reuters) - German exports rebounded in March by 0.9% on the previous month, increasing more than forecast, the federal statistics office reported on Tuesday. Analysts' polled by Reuters had expected exports to increase by 0.4%. The...
4h ago
Nintendo expects to sell 13.5 million Switch units this year
By Sam Nussey TOKYO (Reuters) - Nintendo said on Tuesday it expects to sell 13.5 million Switch consoles in the financial year ending March 2025. The Kyoto-based gaming company last year sold 15.7 million units of the hybrid home-portable device, w...
4h ago
Race for Europe's first 'real-time' stock trade tape heats up
By Huw Jones LONDON (Reuters) - Banks and asset managers are vying with Europe's exchanges to develop technology that can deepen the pool of investors in the continent's capital markets and better compete with Wall Street. The United States has lon...
5h ago
Australia's central bank holds interest rates, vigilant on inflation risks
By Stella Qiu and Wayne Cole SYDNEY (Reuters) - Australia's central bank held interest rates for a fourth straight meeting on Tuesday, while noting inflation was easing more gradually than hoped and that it was vigilant to upside price pressure ris...
5h ago
UBS reports first profit since taking over Credit Suisse
By Noele Illien ZURICH (Reuters) -UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland's largest bank was bette...
5h ago
China's Zeekr to close $367.5 million New York IPO one day early, source says
By Scott Murdoch SYDNEY (Reuters) - Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million on Wednesday, according to two sources with dir...
5h ago
Yen eases despite intervention threat, Aussie steady before RBA
By Kevin Buckland TOKYO (Reuters) - The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dolla...
5h ago
Morning Bid: 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. Fed Chair Jerome Powell downplaying the risk of rate hikes and weaker-than-e...
6h ago
Asia shares rise on rate cut bets; RBA seen turning hawkish
By Tom Westbrook SINGAPORE (Reuters) - Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI's...
6h ago
Oil edges up after Israel strikes Gaza, while truce talks continue
BEIJING (Reuters) - Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT...
7h ago
Japan warns of action over rapid currency moves
By Satoshi Sugiyama TOKYO (Reuters) -Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said on Tuesday, reinforcing Tokyo's readiness to intervene again ...
8h ago
Amazon to spend $9 billion to expand cloud infra in Singapore, Bloomberg News reports
(Reuters) - Amazon.com Inc. plans to spend $9 billion in expanding its cloud computing infrastructure in Singapore, Bloomberg News reported on Monday. (Reporting by Dagmarah Mackos; Editing by Rashmi Aich)
8h ago
Philippine annual inflation at 3.8% in April
MANILA (Reuters) - Philippine annual inflation increased for a third straight month in April due to a faster pace of price rises for food and transport, the statistics agency said on Tuesday. The consumer price index rose 3.8% in April from a year ...
9h ago
Wesfarmers says breaking up business would be detrimental to Australia
SYDNEY (Reuters) - Australia's Wesfarmers said on Tuesday any move to break up its budget department store chain Kmart, hardware business Bunnings and chemicals maker WesCEF would drive up prices and put Australian businesses at a global disadvant...
9h ago
Australia to unveil decline in projected gross debt, sees lower peak in debt ratio
SYDNEY (Reuters) - The Australian government's budget will show a decline in projected gross debt this year and forecast a lower peak in debt ratios in the years ahead, the Treasury said on Monday. The government's gross debt is expected to come in...
10h ago
Japan's service activity extends gains on solid demand, PMI shows
TOKYO (Reuters) - 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 should keep the central bank on track to hike rate...
10h ago
Australia's ANZ announces $1.3 billion buyback despite lower cash earnings
(Reuters) -ANZ Group announced a new A$2 billion ($1.32 billion) share buyback on Tuesday despite reporting a 7% slump in first-half cash earnings due to intense competition in Australia's mortgage lending market coupled with higher operating expenses....
11h ago
UK consumer spending softens in April, surveys show
(Reuters) - 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. Barclays said annual growth in consumer spending o...
12h ago
Morning Bid: RBA up next, Hang Seng eyes 11th rise
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more benign outlook for U.S. interest rates lately has...
12h ago
US Social Security, Medicare finances get slight boost from stronger economy
WASHINGTON (Reuters) - Trust funds supporting Social Security and Medicare benefits for U.S. seniors are showing some improvement due to stronger-than-forecast economic growth, productivity and immigration that is boosting revenue collections, acco...
12h ago
South Korea FX reserves log biggest monthly drop in 19 months on intervention
SEOUL (Reuters) - 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. Reserves stood at $413.26 billion at the end of Apr...
14h ago