Economy

By Alban Kacher and Pauline Foret (Reuters) -Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for…

View Post

View Post

Economy

World Bank’s Banga says more bilateral debt forgiveness needed

October 17, 2024

By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Thursday that bilateral creditors need to provide more debt forgiveness to poor debt-distressed countries, and that the…

View Post

View Post

Economy

Snap-On misses quarterly sales estimates on lower tool demand

October 17, 2024

(Reuters) – Snap-On posted a lower-than-expected third-quarter sales on Thursday, as inflationary pressures weighed on demand in the tools segment. Higher borrowing costs and a rise in prices of tools…

View Post

View Post

Economy

British American Tobacco to launch synthetic nicotine pouches

October 17, 2024

LONDON (Reuters) – British American Tobacco (NYSE:BTI) (BAT (LON:BATS)) will launch a version of its Velo nicotine pouches using synthetic nicotine in the United States, David Waterfield, president of the…

View Post

View Post

Economy

US regional banks capitalize on rising deal fees to counter high deposit costs

October 17, 2024

By Niket Nishant and Manya Saini (Reuters) -U.S. regional banks reaped profit in their third quarter and outdid Wall Street expectations as their investment banking fees surged from a revival…

View Post

View Post

Economy

Recovery of US bank failure fund ahead of schedule, FDIC says

October 17, 2024

(Reuters) – The U.S. government fund that backstops nearly $10 trillion in insured bank deposits is recovering ahead of schedule from declines and losses in recent years, while the banking…

View Post

View Post

Economy

Blackstone tops profit estimate as its assets hit record, dealmaking picks up

October 17, 2024

By Echo Wang NEW YORK (Reuters) – Blackstone (NYSE:BX) beat Wall Street’s expectations on its key quarterly earnings metric on Thursday, as the world’s largest alternative investment firm’s assets under…

View Post

View Post

Economy

Column-For markets, AI efficiency may bring volatility: McGeever

October 17, 2024

By Jamie McGeever ORLANDO, Florida (Reuters) – Technology has been the main driving force behind the evolution of financial markets in recent decades, with the explosion of automated and algorithmic…

View Post

View Post

Economy

New NY Fed tools suggests balance sheet draw down has more room to run

October 17, 2024

By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve faces no imminent pressure to stop the ongoing contraction of its balance sheet, according to a new tool launched Thursday…

View Post

View Post

Economy

Boeing strike, Hurricane Helene weigh on US industrial production

October 17, 2024

WASHINGTON (Reuters) – U.S. industrial production fell in September, weighed down by a strike at Boeing (NYSE:BA) and two hurricanes, including Helene. Industrial output dropped 0.3% last month after a…

View Post

Popular Topics

Ray-Ban maker EssilorLuxottica misses sales expectations as China slows

World Bank’s Banga says more bilateral debt forgiveness needed

Snap-On misses quarterly sales estimates on lower tool demand

British American Tobacco to launch synthetic nicotine pouches

US regional banks capitalize on rising deal fees to counter high deposit costs

Recovery of US bank failure fund ahead of schedule, FDIC says

Blackstone tops profit estimate as its assets hit record, dealmaking picks up

Column-For markets, AI efficiency may bring volatility: McGeever

New NY Fed tools suggests balance sheet draw down has more room to run

Boeing strike, Hurricane Helene weigh on US industrial production