Investing

Southwest Airlines (NYSE: LUV) surprised investors today by reporting third-quarter results that surpassed Wall Street’s expectations. The company delivered a profit of $0.15 per share, significantly higher than the anticipated…

WASHINGTON (Reuters) – U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the…

By Leika Kihara WASHINGTON (Reuters) – Most Asian central banks have room to cut interest rates, as the start of the U.S. monetary easing cycle reduces fears of an unwelcome…

(Reuters) – The European Central Bank cut interest rates for a third time this year last week and investors expect further reductions ahead as euro zone inflation stabilises at the…

WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that the size of Egypt’s $8 billion loan programme is “still appropriate”, and that it will assess as a priority…

By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand…

By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz (ETR:ALVG) is weighing options for its Allianz Global Investors unit, including a possible merger or partial…

By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at…

By Nichola Groom and Ernest Scheyder (Reuters) -The U.S. Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production…