Reuters Financial News

The Matildas have slumped to a disastrous 3-2 loss to Nigeria and will likely have to beat Canada without Sam Kerr to avoid a group stage exit at their home Women’s World Cup.

FRANKFURT (Reuters) — European Central Bank policymakers debated raising banks' mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation, two sources close to the matter told Reuters.

Mahsa Amini, an Iranian Chess player Sarasadat Khademalsharieh, better known as Sara Khadem received her citizenship from Spain. The Moral Police with the backing of the Iranian authorities were seen abck on streets, 10 months after the death of a woman in their custody sparked nationwide protests. Khadem had moved to Spain in January, 2023, after she competed without a hijab and had an arrest warrant issued against her.

By Patricia Zengerle

labor market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at bay.Gross domestic product increased at a 2.4% annualized rate last quarter, the Commerce Department in its advance estimate of second-quarter GDP on Thursday. The economy grew at a 2.0% pace in the January-March quarter. Economists polled by Reuters had forecast GDP rising at a 1.8% rate.

Gulf central banks increased their key interest rates on Wednesday after the Federal Reserve raised rates by an expected quarter of a percentage point, citing still-elevated inflation as a rationale for the latest hike. The Fed raised its rate by 25 basis points (bps) on Wednesday and left the door open to another increase.

Foxconn is doubling down on its India plans. The T...

self-driving car legislation remains uncertain in Congress as China's aggressive efforts to lead in this technology pose a significant challenge. According to a report by Reuters, the House Energy and Commerce Committee chair, Cathy McMorris Rodgers, voiced concerns about China's ambitions and highlighted the need to safeguard data and individual rights from the Chinese Communist Party's influence.

Westlife Foodworld reported a smaller-than-expected rise in first-quarter profit on Thursday as higher expenses took the shine off increased sales at the operator of McDonald's restaurants in West and South India. The franchisee for the U.S. fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from 235.8 million rupees a year earlier.

Bharat Petroleum Corp is reportedly in talks with Russian oil major Rosneft to buy oil under a term deal as discounts on Russian oil are narrowing. According to a report by Reuters, Vetsa Ramakrishna Gupta, head of finance at BPCL said, “Yes, there were discussions happening with Rosneft but not yet concluded". BPCL is in talks to buy up to 6 million metric tons of Russian oil under a term deal with Rosneft, Reuters reported last month.

By Katya Golubkova and Muyu Xu

By Andres Gonzalez and Jesús Aguado

Netflix is restructuring its advertising partnership with Microsoft and lowering ad prices, the Wall Street Journal reported on Thursday. Netflix has had early discussions to sell ads through other partners in addition to Microsoft, WSJ said, citing people familiar with the matter.

Reuters. While hearing in Manhattan federal court, prosecutors asked US District Judge Lewis Kaplan to detail Bankam-Fried now. They said that he had crossed a line by sharing his former romantic partner Caroline Ellison's personal writings with a reporter.

The board of AACo says it has sought legal advice after insider trading charges were brought in the United States against the Australian beef giant’s largest shareholder, British billionaire Joe Lewis.

President Joe Biden has nominated former Maryland Gov. Martin O’Malley as the next commissioner of the Social Security Administration.

Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.

US Federal Reserve meeting outcome. Oil prices have rallied for four weeks, buoyed by signs of tighter supplies, largely linked to output cuts by Saudi Arabia and Russia, as well as Chinese authorities' pledges to shore up the world's second-biggest economy. Brent crude futures were down 32 cents, or 0.4 per cent, at $83.32 a barrel, while US West Texas Intermediate (WTI) crude was at $79.32, down 31 cents.

By Jeffrey Dastin

British billionaire Joe Lewis has been criminally charged in New York with orchestrating a brazen insider trading scheme and has surrendered to US authorities in Manhattan, according to a report by news agency Reuters. The billionaire is expected to appear in court to face the insider trading charges, said a spokesperson for the US Attorney's office in Manhattan. Lewis, whose family trust controls a majority of the Tottenham Hotspur soccer team, passed tips about companies in which he invested to friends, personal assistants, private pilots and romantic partners, enabling them to reap millions of dollars of profit, according to Prosecuters.

Joe Lewis, renowned as the owner of the prestigious Tottenham Hotspur soccer club in London, now faces serious legal troubles in the United States. Federal prosecutors in New York have levelled charges of insider trading against the 86-year-old mogul. The indictment alleges that Lewis disclosed confidential information from companies in which he held substantial investments to his inner circle, including personal pilots, assistants, and romantic partners. As the founder of investment firm Tavistock Group, Lewis is accused of committing 16 counts of securities fraud and three counts of conspiracy, spanning a period from 2013 to 2021. With a staggering net worth of $6.1 billion, according to Forbes magazine, Lewis' reputation as a high-profile billionaire magnate has been tarnished by these grave allegations. As the legal proceedings unfold, the outcome remains uncertain, and Lewis's financial empire and soccer club ownership could potentially be impacted.