Julius Baer considering potential takeover of Swiss rival EFG, Bloomberg News reports
(Reuters) - Switzerland's private banking group Julius Baer is exploring a potential acquisition of rival EFG International, Bloomberg News reported on Friday, citing people familiar with the matter. There is no certainty that the talks between the...
7h ago
Japan ready to act vs excessive FX moves, says currency diplomat Kanda
STRESA, Italy (Reuters) - Japan stands ready to take appropriate action in the currency market "any time" to counter excessive moves in the yen, its top currency diplomat Masato Kanda said on Friday. "Under a flexible exchange-rate regime, we won't...
8h ago
Azul, Gol shares jump as Brazil airlines reveal codeshare deal
By Gabriel Araujo SAO PAULO (Reuters) - Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in a move that reignited speculation about a potent...
8h ago
Live Nation ticket buyers sue in wake of US Justice Department case
By Mike Scarcella (Reuters) - Live Nation and its Ticketmaster unit have been hit with the first in a likely wave of new consumer antitrust lawsuits after the U.S. government and states sued to break up the two companies on Thursday. The first cons...
9h ago
Exclusive-Saudi Arabia plans Aramco share sale as soon as June, sources say
By Hadeel Al Sayegh and Federico Maccioni DUBAI (Reuters) -Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter s...
9h ago
Inflation data, presidential debate could sink summer rally
By David Randall NEW YORK (Reuters) - The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential to weigh on a rally that has pushed the S&P 500...
9h ago
TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes
PARIS (Reuters) - Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder votes, according to the result of a vote at TotalEnergies' annual genera...
9h ago
Danske Bank and Barclays chop ECB rate cut forecasts
LONDON (Reuters) - Danske Bank said on Friday it expects the European Central Bank only to cut interest rates twice this year, not three times, while Barclays also scrapped a call for a July reduction. Markets currently show traders are pricing in ...
9h ago
Wage pick up won't jeopardize ECB's June rate cut, Nagel says
STRESA, ITALY (Reuters) - An increase in a key euro zone wage indicator is not particularly worrisome and the European Central Bank should be in position to cut interest rates on June 6, Bundesbank President Joachim Nagel said on Friday. The ECB ha...
9h ago
FedEx reinstates services in Ukraine after two-year suspension
(Reuters) - Parcel delivery firm FedEx Corp said on Friday that it has reinstated international priority inbound and outbound services in Ukraine. Its services in Belarus and Russia will remain suspended, the company announced on its website. Both ...
10h ago
TotalEnergies says it is examining cross-listing shares in U.S
PARIS (Reuters) - TotalEnergies said on Friday that it is studying plans to cross-list its shares in the United States, while also keeping its shares on the Euronext stock exchange. "It's more a technical study, how to offer these shares to the Ame...
10h ago
Walmart, Capital One end credit card agreement
(Reuters) - Walmart has ended its agreement with Capital One Financial, which was the exclusive issuer of Walmart consumer credit cards, the companies said on Friday. (Reporting by Pritam Biswas in Bengaluru; Editing by Anil D'Silva)
11h ago
Fed's Waller points to forces that may lift future underlying interest rates
By Michael S. Derby (Reuters) - Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate may rise in the future after years of declines, but it's too soon to say if that will happen. "There has be...
11h ago
US safety probe into Waymo self-driving vehicles finds more incidents
WASHINGTON (Reuters) - The National Highway Traffic Safety Administration said Friday it has learned of nine additional incidents that raise concerns about the performance of Alphabet's Waymo self-driving vehicles. Earlier this month, the U.S. auto...
11h ago
US core capital goods orders and shipments rebound in April
WASHINGTON (Reuters) - New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of these goods also increased, suggesting a pick up in business spending on equipment early in the second quarter. Non-def...
11h ago
US equity funds see massive weekly inflows on rate cut expectations
(Reuters) - U.S. equity funds secured substantial inflows in the week ended May 22, buoyed by expectations that the U.S. Federal Reserve might cut interest rates due to signs of slowing inflation, alongside optimism from robust corporate earnings g...
12h ago
Canada March retail sales down 0.2% on furniture; seen up 0.7% in April
May 24 (Reuters) - Canadian retail sales decreased by 0.2% in March from February at C$66.44 billion ($48.44 billion), led by decreases at furniture, home furnishings, electronics and appliances retailers, Statistics Canada said on Friday. Sales were l...
12h ago
Brazil's Petrobras approves Chambriard as new CEO
SAO PAULO (Reuters) - Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new Chief Executive. Chambriard, who was also appointed to a seat on the board, has alre...
12h ago
Boeing sees six-fold rise in employee concerns on product safety, quality
(Reuters) - Boeing saw a six-fold increase in submissions from its employees raising concerns related to the safety of products and services during the first two months of 2024, compared with the same period last year, the planemaker said on Friday...
12h ago
Some big banks ask more staff to return to office five days a week, Bloomberg reports
(Reuters) - Citigroup, HSBC Holdings and Barclays are ordering more staffers to report to company offices five days a week, Bloomberg News reported late on Thursday. Citi has asked about 600 U.S. employees, who were earlier eligible to work remotel...
13h ago
EV maker Lucid to cut workforce by 6%
(Reuters) -Lucid Group said on Friday it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth. Shares of the EV maker rose around 2% in premarket trading. The company expects to incur a...
13h ago
Morning bid: Fed fears overwhelm AI theme, gold recoils
A look at the day ahead in U.S. and global markets from Mike Dolan And then there was one. In an extraordinary turnabout in just five months, financial markets now fully price just one quarter-point interest rate cut from the Federal Reserve this year ...
14h ago
Global equity funds see strong weekly inflows on U.S. rate cut hopes
(Reuters) - Global equity funds secured robust inflows in the week ended May 22, driven by optimism over slowing inflation and expectations of U.S. Federal Reserve rate cuts in the latter half of the year. According to Lipper data, global equity fu...
14h ago
Central bankers should acknowledge blind spots in a less certain world, Fed's Mester says
By Howard Schneider AMELIA ISLAND, Florida (Reuters) - In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and ...
14h ago
Analysis-Rising US debt burden spooks some bond investors ahead of November election
By Davide Barbuscia NEW YORK (Reuters) - Investors are bracing for a flood of U.S. government debt issuance that over time could dwarf an expected rally in bonds, as they see no end in sight for large fiscal deficits ahead of this year's presidenti...
14h ago