The case for forever high interest rates
By Yoruk Bahceli (Reuters) - If financial markets are right, interest rates won't just stay high this year, but possibly forever. The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral i...
1h ago
Explainer-How hard will new Biden tariffs hit China?
By Ellen Zhang and Sarah Wu BEIJING (Reuters) - U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with...
1h ago
Europe's STOXX 600 opens higher as travel and leisure sector shines
(Reuters) - Europe's STOXX 600 index edged higher on Monday as travel and leisure stocks led sectoral gains, with this week's key U.S. inflation prints and a slew of economic data from the euro zone set to test the benchmark index's record-breaking...
3h ago
Eni eyes new oil and gas spin-offs in energy transition satellite strategy
By Francesca Landini and Ron Bousso MILAN (Reuters) - Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on lo...
3h ago
Analysis: Gazprom loss shows struggle to fill EU gas sales gap with China
By Vladimir Soldatkin MOSCOW (Reuters) - Kremlin-owned energy kingpin Gazprom, once Russia's most profitable company, could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market a...
4h ago
SoftBank swings to Q4 profit of $2.1 billion
TOKYO (Reuters) - Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period. The Vision Fund investment unit booked an investment loss of...
4h ago
Morning Bid: With US inflation, every decimal counts
By Wayne Cole (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's finally the week of the U.S. consumer price lottery, and never has a second decimal been so important. The median forecast for core CPI is 0.3%, ...
5h ago
France gets $16 billion of foreign investments as part of 'Choose France' event
PARIS (Reuters) -This year's "Choose France" event - an annual summit aimed at attracting foreign investment to France - will result in 15 billion euros ($16.2 billion) worth of foreign investments, up from last year, said the French presidency on Mond...
5h ago
Asia stocks brace for US inflation test, China data
By Wayne Cole SYDNEY (Reuters) - Asian share markets made a cautious start on Monday in a week where inflation figures could make or break hopes for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery i...
6h ago
Australia to boast budget surplus, eye inflation's earlier return to target
By Stella Qiu and Wayne Cole SYDNEY (Reuters) - Australia's government is expected to boast another surplus in its annual budget due on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living r...
6h ago
South Korea tightens scrutiny to speed up real estate restructuring
SEOUL (Reuters) - South Korea's financial watchdog said on Monday it was expanding and toughening the assessment of real estate projects in a bid to speed up restructuring of the sector. House prices in South Korea have been falling since June, 202...
7h ago
Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
(Reuters) - U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp. "The FTC should side with consumers and pump the breaks on this ...
8h ago
Currency market calm as US inflation data holds focus this week
By Brigid Riley TOKYO (Reuters) - Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited U.S. inflation data to assess the prospects of interest rate cuts this year. After a softer-than-ex...
9h ago
Oil extends decline on signs of weak fuel demand, strong dollar
By Florence Tan SINGAPORE (Reuters) - Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in t...
9h ago
Chinese e-commerce giants face delicate balance between discounts, profit
By Casey Hall SHANGHAI (Reuters) - Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world's second-largest economy. Both firms, which combi...
11h ago
Morning Bid: Inflation, tariffs dominate market landscape
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Inflation data from the world's three largest economies - China, the United States and euro zone - sets the tone for world markets this week, and Asia gets the ball rolling on ...
12h ago
Chinese companies win more bids to explore for Iraq oil and gas
By Moayed Kenany, Adam Makary and Timour Azhari BAGHDAD (Reuters) -Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday, as the Middle Eastern country's hydrocarbon exploration licensing round con...
17h ago
British newspaper groups warn Apple over ad-blocking plans, FT reports
(Reuters) -British newspaper groups have warned Apple that any move to impose a so-called "web eraser" tool to block advertisements would put the financial sustainability of journalism at risk, the Financial Times reported on Sunday. Apple is preparing...
19h ago
France wins jobs at Morgan Stanley and other investments ahead of key summit
By Sudip Kar-Gupta PARIS (Reuters) - France said Morgan Stanley would open a new European office in Paris, while two other companies announced a combined investment worth 700 million euros ($753.8 million), as the country prepared to host a key ann...
19h ago
Australia says inflation could ease to RBA target range by year end
SYDNEY (Reuters) - 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 easing than predicted in December. The Labor gove...
21h ago
Pfizer and AstraZeneca announce new investments of nearly $1 billion in France
PARIS (Reuters) - Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose France' business summit. Pfizer said it would i...
22h ago
German aviation company Lilium and Swiss firm to open new sites in France
PARIS (Reuters) - German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million), French Finance Minister Bruno Le Maire said on Sund...
May 12, 2024
China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion
BEIJING (Reuters) - 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 issuance of such bonds by a Chinese bank. China's major...
May 12, 2024
Australia government says budget to help ease high inflation
SYDNEY (Reuters) - 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 grapple with cost-of-living pressures. "We do expect...
May 12, 2024
Apple's New Jersey store workers vote against unionizing, Bloomberg reports
(Reuters) - Workers at Apple's store in Short Hills, New Jersey, have voted against unionizing, Bloomberg News reported on Saturday. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by William Mallard)
May 12, 2024