Dollar hovers near 11-week high, eyes on China property briefing
By Rae Wee SINGAPORE (Reuters) – The dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy…
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Discover Financial quarterly profit jumps on robust interest income, lower provisions
(Reuters) -Discover Financial’s third-quarter profit jumped 43% as the U.S. credit card issuer’s net interest income climbed and its provisions for potential sour loans fell, the company said on Wednesday.…
PPG misses quarterly profit estimates on weak industrial coatings demand
(Reuters) – Paints and coatings maker PPG Industries (NYSE:PPG) missed Wall Street estimates for third-quarter profit on Wednesday, hurt by lower sales at its industrial coatings unit. The company posted…
BHP first-quarter iron ore production tops estimates, copper output rises
(Reuters) – BHP beat first-quarter iron ore output estimates on Thursday as the mining giant benefited from efforts to ease bottlenecks at its Western Australia operations, while copper production was…
Equifax sees 2024 revenue below estimates amid mortgage market slump
(Reuters) – Credit ratings firm Equifax (NYSE:EFX) said on Wednesday it expects full-year revenue below Wall Street estimates, as higher-for-longer interest rates continued to weigh on loan demand and kept…
ECB set for second straight rate cut as economy stagnates
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank is likely to lower interest rates again on Thursday, arguing inflation in the euro zone is now…
Cleveland Fed warns sticky rent gains may pressure overall inflation
By Michael S. Derby NEW YORK (Reuters) – Rent inflation will continue to put pressure on consumers for some time to come, the Federal Reserve Bank of Cleveland said in…
Morning Bid: Inflation cools, TSMC offers AI weather vane
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Markets across Asia should open on a firm footing on Thursday, supported by a rebound on…
IMF staff team has started assessing implications of Senegal financial audit, IMF says
DAKAR (Reuters) – The International Monetary Fund on Wednesday said a staff team had visited Senegal to start assessing the implications of data revisions resulting from a government audit of…
UniCredit in court limbo over ECB’s Russia demands, sources say
By Stefania Spezzati LONDON (Reuters) – UniCredit is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with a European Central Bank order,…