Reuters Financial News

19.07 / 03:19

UPS Target Reuters Manufacturing Merit China fast-fashion retailer Temu blasts rival Shein over 'exclusionary tactics'

HONG KONG (Reuters) -Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein's «unlawful exclusionary tactics» since Temu's U.S. launch in 2022, ramping up a feud between the fast-fashion competitors days after a lawsuit was filed.

19.07 / 02:53

COST Citi Reuters Uniqlo Hudson Retail sales rise less than expected in June as spending cools

The National Retail Federation estimates retailers lost $100 billion last year to theft.

19.07 / 02:51

UPS Lowe's Target Reuters Fighting Fed's last rate hike coming at July meeting, economists say

Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle. A resilient economy and historically low unemployment well over a year since the Fed began one of its most aggressive rate hiking campaigns in history has repeatedly confounded analysts and investors.

19.07 / 02:51

COST UPS Lowe's Reuters Manufacturing Gold retreats from 1-1/2-month high even as traders bet on Fed rate pause

Gold prices pulled back on Wednesday from a 1-1/2-month high scaled in the previous session even as investors bet that recent U.S. economic readings make the case for a pause in the Federal Reserve's interest rate-hike stance. * Spot gold was down 0.1% at $1,978.09 per ounce by 0043 GMT, after hitting its highest since May 24 at $1,984.19 on Tuesday.

19.07 / 02:35

Reuters CEO JPMorgan Strategy Chase Solomonic Support Goldman Sachs CEO David Solomon's growth strategy gains board's support: Report

Goldman Sachs CEO David Solomon has revealed that the company's board of directors is in favour of Solomon's emphasis on the bank's core Wall Street operations and asset management. As reported by Reuters citing sources, Solomon has been entrusted with the responsibility of revitalizing the bank's stock value, despite facing doubts from certain investors and employees. According to one of the sources, the 12-member board is closely engaged with Solomon's revamped strategy, particularly because Goldman Sachs incurred losses and fell behind its competitor, Morgan Stanley, due to its venture into consumer banking.

19.07 / 02:35

UPS Lowe's Target Reuters Strategy inflation data Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves

dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. The U.S.

19.07 / 02:05

UPS Provident FIVE Reuters Booking Manufacturing Tata JLR set to unveil plans for electric car battery plant in UK: Report

Tata Motors-owned Jaguar Land Rover (JLR) is set to announce its plans to build a flagship electric car battery plant in the UK, a source familiar with the matter said as reported by Reuters. Tata had been choosing between a site in Somerset, southwest England, and one in Spain to supply a new range of electric Jaguar and Land Rover vehicles. Bloomberg was first to report on Tuesday that the factory was set to be announced this week.

19.07 / 02:05

UPS BLOCK Reuters Progressive Align Thailand Election: Final chance for Pita Limjaroenrat as parliament casts vote for PM

Reuters, following the victory of Move Forward Party over royalist military-backed parties in the election, Thailand has been under a caretaker administration for the past few months, marking a significant shift after nine years of military-controlled government. Pita Limjaroenrat, a 42-year-old liberal leader of the Move Forward Party, who has received education in the United States, requires the support of over 50% of the bicameral parliament to be officially endorsed as Thailand's next prime minister, Reuters noted. However, he faces strong opposition from the military, which is at odds with his party's anti-establishment aspirations.

19.07 / 02:05

Waves FIVE Reuters Citizens Extreme Parke Southern Heatwave: Red alert issued in Europe's Italy, Spain; situation to worsen in California, Texas in US

Reuters. She was visiting Vasanello, a village north of Rome In Greece, authorities told citizens close to a forest fire in Dervenochoria, north of Athens, to shut doors and windows as smoke approached. Extreme weather conditions are affecting Americans across the country.

19.07 / 02:05

Reuters Manufacturing NIFTY Nikkei KOSPI Indian US stocks Gift Nifty, Asian markets gain following rally in US stocks; check out key global cues for Indian stock market

retail sales rose less than expected in June on a fall in building materials and service station receipts. In Asia, according to the Reuters Tankan survey, which measures confidence among large Japanese companies, business sentiment among manufacturers in Japan declined for the first time in six months in July. Also Read: Day trading guide for today: Six buy or sell stocks on Wednesday - July 19 Japan’s Nikkei 225 gained 1% and the Topix rose 0.94%.

18.07 / 20:29

COST Target Reuters Action Airlines National Biden creates new anti-competition role on National Economic Council

By Andrea Shalal

18.07 / 19:51

Reuters CEO JPMorgan Strategy Chase Solomonic Goldman Sachs CEO's growth strategy gets traction with board-sources

By Saeed Azhar and Lananh Nguyen

18.07 / 19:01

COST UPS Reuters Amazon Manufacturing US retail sales rise moderately; economy plodding along

By Lucia Mutikani

18.07 / 19:01

UPS Reuters CEO Taco Bell wins 'Taco Tuesday' trademark dispute with rival chain

By Blake Brittain

18.07 / 18:25

UPS Provident Reuters Racing Airlines Software Tata chooses UK for new EV battery plant

Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.

18.07 / 16:17

COST UPS Lowe's Reuters Oil prices Oil prices edge up on weak US dollar, coming US output decline

By Scott DiSavino

18.07 / 15:05

UPS Reuters Manufacturing US manufacturing output falls in June; rebounds in second quarter

motor vehicle output accelerated after two straight quarterly declines. Manufacturing output dropped 0.3% last month, the Federal Reserve said on Tuesday. Data for May was revised down to show production at factories falling 0.2% instead of edging up 0.1% as previously reported.

18.07 / 14:55

COST Reuters CEO Deal Morgan Stanley Q2 profit falls 14% on deal-making drought

macroeconomic uncertainties and subdued client activity, but ended with a more constructive tone". “The more promising tone and activity seen later in the quarter across many parts of our businesses is promising," Gorman said. Its revenue from investment banking was flat at $1.16 billion.

18.07 / 12:53

BLOCK Reuters Digital Microsoft Platform Microsoft tests the limits of Britain's antitrust authority

Microsoft shows the limit of its ability to kill mega-deals on its own, even if some agreed with its opposition to the U.S company's $69 billion acquisition of Activision Blizzard. The Competition and Markets Authority (CMA) is increasingly isolated over the Xbox maker's bid to buy the company behind «Call of Duty» after U.S. regulator, the FTC, failed to block it in court last week.

18.07 / 11:13

Reuters Digital Disney Google Platform Disney approaches Madras High Court in Google in-app billing challenge

Disney has approached the Madras High Court in an ongoing legal challenge against Google's in-app billing system, a source familiar with the matter told Reuters on Tuesday. Disney joins several startups including Unacademy, Kuku FM, TrulyMadly and QuackQuack which have moved the court challenging Google’s notice asking them to either adopt the company’s mandated billing route or risk being removed from its Play Store, ET had reported.

18.07 / 10:25

Lowe's Reuters Booking NIFTY SENSEX Market wrap: Sensex, Nifty hit record highs on gains led by RIL, Infosys; mid, smallcaps underperform

Nifty extended their winning streak into the fifth consecutive session, settling at their fresh closing peaks on Tuesday (July 18) amid positive global cues while the dollar traded near its one-year low level. “World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for US retail sales data and earnings," reported Reuters. The US retail sales and industrial production data is expected later today which could influence the Federal Reserve's monetary policy stance. The US Fed, European Central Bank and Bank of Japan will hold their policy meetings next week.

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