Reuters Financial News
05.10 / 18:47
COST
FIVE
Reuters
Manufacturing
President
cover
Mack Trucks workers get 19% raise over 5 years in UAW contract
By David Shepardson
05.10 / 16:59
05.10 / 14:51
UPS
Reuters
LinkedIn
economy
Tesla
EV maker VinFast's revenues jump, plans a plant in India
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenues more than doubled as it ramps up deliveries and partnerships with U.S. dealers, and that it would set up a plant in India as part of its expansion drive. The company said in a filing to U.S. securities regulators that it made $343 million in revenues for the three months ended Sept. 30, up 159% on the same period last year. Its net loss widened 33.7% to $623 million, however, as it continued to rack up expenses.
05.10 / 14:51
Citi
BLOCK
Reuters
CEO
JPMorgan
economy
Citi India sees $22 billion in equity capital deals in 2023, says CEO
India expects to see equity capital market deals worth $20-22.5 billion in 2023, amid strong local markets and a stable economy, the Wall Street bank's India chief executive said in an interview with Reuters. Last year, $19.4 billion was raised on India's equity capital markets, according to data from LSEG. «Initial public offerings have come back and you have seen a flurry of block deal activity given where markets are. Now we are starting to see institutional share sales as well,» said Ashu Khullar. Foreign portfolio investors have bought a net $11 billion in equity so far this year, according to India's National Securities Depository, helping to lift India's benchmark equity indexes to record highs.
05.10 / 14:23
05.10 / 13:07
UPS
Target
Reuters
Maxim
Platform
information
Customers
FTX customers are still grappling with crypto platform's collapse
By Elizabeth Howcroft and Medha Singh
05.10 / 13:07
Reuters
Ford
Manufacturing
show
reports
Department
Weekly
jobless claims
U.S. weekly jobless claims rise moderately
WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions.
05.10 / 11:15
Lowe's
Reuters
Experts
RBI hand holds rupee in tight range despite global factors
rupee closed little changed on Thursday as both weakness and subsequent recovery in the dollar index failed to budge the local unit out of the narrow trading range it has been stuck in this week. The Reserve Bank of India (RBI) has been intermittently selling U.S. dollars in the non-deliverable forwards, spot, and near-forwards markets to ensure the rupee does not breach the lifetime low of 83.29 hit in October 2022. «It's their zone,» a foreign exchange trader at a private bank said, referring to the RBI's multiple interventions around the 83.24-25 levels in recent sessions. The rupee closed at 83.25 against the U.S.
05.10 / 10:49
Reuters
Aware
WhatsApp
country
2020
reports
2024
SBI chief Dinesh Khara's tenure extended till August 2024: Report
State Bank of India (SBI), has been extended till August 2024, news agency Reuters reported on October 5, citing government sources who are privy to the development. Khara's current tenure was scheduled to conclude on October 7. As per the persons aware of the matter, the SBI chief has been asked to continue till he attains the age of 63, in August next year.
05.10 / 08:29
Reuters
Metro
reports
Metro Bank
UK's Metro Bank shares suspended multiple times after plunging more than 25%
LONDON — Shares of Britain's Metro Bank were briefly suspended from trading twice early Thursday, in a volatile session that saw the stock shed more than 29% from the Wednesday close.
05.10 / 06:41
Lowe's
Reuters
Experts
prevention
Rupee flat as local US dollar demand counters softer greenback
U.S. dollar demand from importers and local oil companies offset a softness in the greenback. The rupee was at 83.2350 against the U.S. dollar as of 11:30 a.m.
05.10 / 06:39
05.10 / 06:27
05.10 / 06:27
Reuters
Amazon
Microsoft
Action
country
recommendations
UK regulator asks for antitrust probe into Amazon, Microsoft cloud dominance
(Reuters) -British media regulator Ofcom on Thursday asked the country's antitrust regulator to investigate U.S. tech giants Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT)'s dominance of the UK cloud market.
05.10 / 03:09
UPS
Target
Reuters
Fighting
economy
Experts
band
Between a pause and a pivot: What will RBI MPC do on Oct 6?
MPC) meeting is being held in a tough global economic environment. The US treasury yields have shot up to a 16-year high even as the US Fed has signalled that it won't be backing down against its inflation fight.
05.10 / 02:57
COST
Target
Reuters
Platform
President
country
Philippines inflation quickens in September, opens door to further rate hike
MANILA (Reuters) — Philippine inflation quickened for a second straight month in September due to increases in food and transport costs, the statistics agency said on Thursday, opening the door to further central bank interest rate hikes.
05.10 / 02:27
Reuters
Disney
Parke
pandemic
2020
reports
Discounts
Walt Disney offers discounts on kids' tickets at theme parks
Reuters reported. The pandemic in 2020 and 2021 had a negative impact on the amusement park industry, with COVID-19-related closures and a decrease in attendance. Also Read: Walt Disney nearly doubles parks spending, to invest $60 billion over next decade As reported by Reuters, the business had, however, rebounded strongly to become the media conglomerate's main profit engine and also helped cushion losses in its Disney streaming business, but is lately showing signs of a slowdown in footfall.
05.10 / 02:27
Reuters
NIFTY
WhatsApp
track
reports
recommendations
5 things that changed for the stock market overnight - Gift Nifty to easing crude oil prices
Nifty 50 closing below 19,500 level. investors will now focus on the Reserve Bank of India (RBI) monetary policy decision to be announced on Friday and the upcoming corporate earnings season. “We expect weakness to persist in the market in the coming weeks till the headwinds recede.
05.10 / 00:47
Target
Reuters
economy
voice
reports
Reserve
Reuters: Federal Reserve Announces Job Cuts
Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision marks the institution's first notable personnel reduction since 2010. Currently, the Federal Reserve system, which consists of 12 regional reserve banks, employs around 21,000 individuals.
05.10 / 00:39
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