Reuters Financial News

28.09 / 13:25

Reuters economy show country reports German inflation falls to lowest level since start of Ukraine war

German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 4.3% in September, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast a fall to 4.5% from 6.4% year-on-year in August. Germany's core inflation rate, which excludes volatile items such as food and energy, fell to 4.6% year-on-year from 5.5% in August. Food prices continued to show above-average growth, posting a 7.5% year-on-year increase.

28.09 / 13:11

Facebook Target Reuters Platform Instagram Fine Norway asks EU regulator to fine Facebook owner Meta over privacy breach

By Gwladys Fouche

28.09 / 12:55

Target FIVE Reuters economy Coherent reports Department German GDP expected to contract 0.6% this year - economic institutes

BERLIN (Reuters) — Five economic institutes are predicting Germany's economy will shrink by 0.6% this year, as rising interest rates take their toll on investment and high inflation depresses consumption.

28.09 / 12:55

Reuters economy show reports Department gatherings Weekly jobless claims US Q2 GDP growth unrevised at 2.1%; weekly jobless claims edge higher

WASHINGTON (Reuters) — The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.

28.09 / 11:45

Citi Reuters Strategy Citigroup HSBC reports Citigroup could sell $4B China wealth unit to HSBC

Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc, as the latter continues to build out its presence in the mainland, according to people familiar with the matter.

28.09 / 11:45

Reuters SEC Action Citigroup WhatsApp reports settlement SEC agrees on Wall Street WhatsApp settlement, says Reuters

The Securities and Exchange Commission is finalizing settlements with about two dozen Wall Street firms to resolve probes into lapses in record keeping, Reuters reported.

28.09 / 08:03

Reuters reports Department Father of India's 'green revolution' MS Swaminathan passes away at 98

Agriculture scientist Monkombu Sambasivan Swaminathan has passed away at the age of 98 on Saturday due to illness, reports said on Thursday. Swaminathan is fondly known as the father of India's green revolution, for his role in helping develop a hybrid wheat seed that allowed Indian farmers to dramatically increase yields and shed external reliance for food grains. Born on August 7, 1925 in Kumbakonam, Tamil Nadu, TIME Magazine named Swaminathan among one of the twenty most influential Asians of the 20th century and one of the only three from India.

28.09 / 07:31

UPS Lowe's Reuters show country Oil prices climb on crude draw, tight global supply

By Florence Tan and Mohi Narayan

28.09 / 07:29

UPS Lowe's Reuters Digital CEO Atlas raises $27 million for new nickel technology for EV batteries

Atlas Materials, which has developed a new technology to process low-grade nickel that can be used for electric vehicle batteries, has raised $27 million ahead of building a pilot plant in North America, the start-up firm said on Thursday. U.S.-based Atlas said it has come up with a way to treat a type of nickel ore usually used as an ingredient in stainless steel into a form that can be used for EV batteries with low emissions and no waste.

28.09 / 03:39

Provident Reuters Action economy country reports recommendations Uday Kotak says Lehman & IL&FS crises have lessons for China's Evergrande

Uday Kotak, Founder & Director of Kotak Mahindra Bank said on Thursday in a tweet. The billionaire businessman said that Evargrande has finally imploded while attributing the crisis to delays in action by Chinese policymakers. «Evergrande China finally implodes.

28.09 / 02:59

Lowe's Reuters President show country Oil rises on US crude draws, tight global supply

Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude futures climbed 16 cents to $96.71 a barrel by 0001 GMT.

28.09 / 01:33

Lowe's Reuters Volkswagen economy WhatsApp reports Volkswagen hit by major IT outage, production halted in Germany

Reuters that production at the division had also been affected, adding the extent of the impact was being analyzed. Currently, the carmaker is grappling with lower production at its all-electric Zwickau plant where muted demand for battery-powered vehicles may change a long-standing three-shift system. Volkswagen said there had been an unspecified "IT malfunction of network components" at its site in Wolfsburg, Germany, its global headquarters, Reuters reported.

28.09 / 01:03

Reuters Microsoft SPY reports Department strain Microsoft hacking incident: Chinese hackers stole 60,000 emails from US State Department, reveals Senate Staffer

Reuters has reported. While attending a briefing of the State Department officials, he said officials told lawmakers that 60,000 emails were stolen from 10 different State Department accounts. Although the victims weren't named, all but one of them was working on East Asia and the Pacific, he said as quoted by Reuters.

28.09 / 01:03

Reuters Racing WhatsApp President audience reports debate US Presidential 2024 us presidential elections US Presidential Elections 2024: Republican contenders struggle to secure in second primary debate against Trump

Donald Trump's Republican competitors will take place. All participants aim to seize a defining moment that might shift the course of the primary race, which currently heavily favours the former president. As reported by Reuters, the debate, hosted at the Ronald Reagan Presidential Foundation & Institute in Simi Valley, California, will feature seven Republican candidates.

28.09 / 01:03

Provident Reuters Cooper WhatsApp country reports Department US soldier Travis King heads home after North Korea expels him

Reuters, the circumstances surrounding the diplomatic efforts that facilitated King's transfer are not fully disclosed, but this incident represents a noteworthy instance of cooperation involving the United States, North Korea, and China. According to the State Department, King is anticipated to arrive back in the United States later today. At the age of 23, Travis King unexpectedly crossed into North Korea from South Korea on July 18 during a civilian visit to the heavily fortified border.

27.09 / 22:21

Reuters Action Align Actor performer voice reports Leak Modern Warfare 2 leak: What we know about Dune crossover?

Modern Warfare 2 Season 6 has arrived, bringing with it an array of thrilling crossover operator bundles. Among the highlights is the opportunity for players to unlock the iconic superhero, Spawn, by acquiring the Battle Pass.

27.09 / 22:08

Reuters Progressive Ford Fox CEO reports week GM, Ford, Stellantis could reportedly see more UAW strikes this week

Former Chrysler CEO Bob Nardelli discusses the ongoing talks between the UAW and the Big Three automakers on «The Claman Countdown.»

27.09 / 16:55

Lowe's Reuters WhatsApp shootings Low Oil shoots over 3% as low US crude stock adds to supply concerns, Brent over $96/bbl; what lies ahead?

₹7,801 per bbl, having swung between ₹7,568 and ₹7,822 per bbl during the session so far, against a previous close of ₹7,543 per barrel. US crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, according to US government data.

27.09 / 16:55

COST Reuters Gap Bill country reports India to iron out rupee trade problems amid stranded Russian assets

NEW DELHI : India is working with Russia to sort out lingering problems with the rupee trade mechanism, including challenges with the exchange rate mechanism and fund repatriation, two government officials said. “Though issues with the special Rupee Vostro account system haven’t yet been resolved, both sides are working on the teething issues," one of the officials said. A Vostro account is a bank account, generally in a foreign currency, which is held by one bank on behalf of another.

27.09 / 12:49

UPS Reuters DOW Browser information recommendations Asia stocks mixed as investors grapple with higher rates

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27.09 / 12:49

UPS Reuters Browser information recommendations fall Equities fall as U.S. Treasury yields, dollar stay elevated

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