Futures pause after Wall Street’s rally on Fed policy pivot
(Reuters) – U.S. stock index futures edged lower on Friday, taking a pause from the previous session’s rally that set Wall Street’s main indexes on track for weekly gains after…
Editor’s Pick
2635 posts
Exclusive-China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive
BEIJING (Reuters) – China Minsheng Bank has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the matter said, in the biggest…
China’s August youth jobless rate rises to nine-month high
BEIJING (Reuters) – China’s August youth jobless rate climbed to the highest level since last December, the statistics bureau said on Friday, as new graduates started to hunt for offers…
Barclays doubts the Fed will cut as much as currently priced in
Investing.com — Barclays analysts are skeptical that the Federal Reserve will cut interest rates as aggressively as the market currently expects. In a note Friday, the bank said the Fed’s…
Investment advisers urge clients away from cash after Fed rate cut
By Suzanne McGee and Carolina Mandl (Reuters) – Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a…
Climate finance from multilateral banks up to $125 billion in 2023
By Marcela Ayres BRASILIA (Reuters) – Global climate finance from multilateral development banks grew by 25% in 2023 to a record $125 billion, according to a report on Friday, with…
Germany must oppose UniCredit takeover of Commerzbank, bank employees and union warn
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy’s UniCredit. The joint statement…
China’s January-August fiscal revenue down 2.6%
BEIJING (Reuters) – China’s fiscal revenue in the first eight months of 2024 was down 2.6% from a year earlier, unchanged from July’s seven-month reading, finance ministry data showed on…
EU’s 5 billion euro aid for Poland may not cover all flood losses, minister says
By Karol Badohal WARSAW (Reuters) – Polish Finance Minister Andrzej Domanski said on Friday a pledge worth 5 billion euros ($5.6 billion) from the European Union to help the country…
Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
By Christina Amann BERLIN (Reuters) -Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing…