Today: May 09, 2024
Today: May 09, 2024

Economy

Coach parent Tapestry cuts sales forecast on tepid demand in US, China

By Savyata Mishra (Reuters) -Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories

Coach parent Tapestry cuts sales forecast on tepid demand in US, China

Brembo Q1 operating profit rises on record sales

Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter.

Brembo Q1 operating profit rises on record sales

Analysis-Bear market for diesel spells fresh troubles for oil

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern

Analysis-Bear market for diesel spells fresh troubles for oil

Morning bid: China trade heats up, UK rates in view

A look at the day ahead in U.S. and global markets from Mike Dolan As Wall Street stalls its recent rally, world markets switched attention to China's on-off recovery and whether the Bank of England's

Morning bid: China trade heats up, UK rates in view

Robinhood shares gain as retail trading rebound powers record quarter

By Manya Saini (Reuters) -Robinhood Markets rose in morning trade on Thursday after reporting record first-quarter revenue and profit thanks to mom-and-pop investors returning to its commission-free

Robinhood shares gain as retail trading rebound powers record quarter

S.Korea president calls for tax incentives for corporate reform

South Korean President Yoon Suk Yeol called for tax incentives to encourage corporate participation in the government's reform programme as well as detailed measures to improve

S.Korea president calls for tax incentives for corporate reform

Brazil's Eletrobras net income down 19% in Q1; shares fall

SAO PAULO (Reuters) -Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed transmission

Brazil's Eletrobras net income down 19% in Q1; shares fall

Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.

Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end

Futures dip as bond yields extend gains ahead of jobless claims data

(Fixes typo in headline) By Sruthi Shankar and Shristi Achar A (Reuters) -U.S. stock index futures slipped on Thursday as Treasury yields extended gains ahead of jobless claims data that is expected

Futures dip as bond yields extend gains ahead of jobless claims data

Egypt's foreign debt rises $3.5 billion in last quarter of 2023

Egypt's foreign debt climbed by $3.5 billion in the three months to the end of December, according to central bank data released on Thursday.

Egypt's foreign debt rises $3.5 billion in last quarter of 2023

Bank of England policymakers speak after rates held at 5.25%

The Bank of England took another step towards lowering interest rates on Thursday, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things

Bank of England policymakers speak after rates held at 5.25%

Instant view: BoE edges towards a first rate cut, sterling falls

The Bank of England on Thursday took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things

Instant view: BoE edges towards a first rate cut, sterling falls

Bank of England moves closer to first rate cut since 2020

By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew

Bank of England moves closer to first rate cut since 2020

Trulieve Cannabis' quarterly loss narrows on demand boost

Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.

Trulieve Cannabis' quarterly loss narrows on demand boost

Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the

Airbnb slumps as gloomy forecast fans slowdown fears

Iran sentences rapper Toomaj Salehi to death over 2022-23 unrest, lawyer tells paper

DUBAI (Reuters) -An Iranian revolutionary court has sentenced well-known Iranian rapper Toomaj Salehi to death for charges linked to Iran's 2022-23 unrest, his lawyer told Iranian newspaper Sharq on

Iran sentences rapper Toomaj Salehi to death over 2022-23 unrest, lawyer tells paper

Barbados 'pauses' acquisition of former slavery plantation owned by Tory MP

Barbados will halt the acquisition of a former slavery plantation belonging to a British Conservative MP after locals said he should transfer land ownership to the state

Barbados 'pauses' acquisition of former slavery plantation owned by Tory MP

Putin warns of global clash as Russia marks victory in World War Two

By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) -Russian President Vladimir Putin accused the West on Thursday of risking a global conflict and said no one would be allowed to threaten

Putin warns of global clash as Russia marks victory in World War Two

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid

(Reuters) -Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of

Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid

Paramount in talks to open its books to Sony, Apollo, sources say

Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring

Paramount in talks to open its books to Sony, Apollo, sources say

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

Kremlin says nuclear weapon drills are Russia's response to West's statements

Russia's tactical nuclear weapon drills are a response to statements from the West about sending troops to Ukraine, the Kremlin said on Monday.

Kremlin says nuclear weapon drills are Russia's response to West's statements

Japanese automaker Nissan reports 92% jump in profit as sales surge

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

Japanese automaker Nissan reports 92% jump in profit as sales surge

Automakers win extension on use of Chinese graphite in EV tax credits

The U.S.

Automakers win extension on use of Chinese graphite in EV tax credits

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its

Lazard hires veteran healthcare dealmaker Colocci as vice chairman
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