WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended …
By Nandan Mandayam, Hritam Mukherjee and Aditya Kalra (Reuters) -Hyundai Motor India’s $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional investors, even though pricing concerns deterred retail participation. Hyundai Motor’s first listing outside South Korea is India’s largest and the world’s second-largest IPO of 2024, …
Hyundai IPO, India’s biggest, gets $5.5 billion in bids despite subdued retail interest Read More »
By Krishn Kaushik NEW DELHI (Reuters) -India’s foreign ministry said on Thursday that despite requests from New Delhi, Canada had not taken any action against members of a gang that Canadian police have accused of being linked to Indian government agents in the 2023 murder of a Sikh separatist leader, that has created a rupture …
India says Canada did not act against gang it links to New Delhi Read More »
By Lucinda Elliott MONTEVIDEO (Reuters) – Uruguay’s center-left presidential candidate Yamandu Orsi, the frontrunner in polls ahead of elections this month, plans to avoid unpopular tax hikes despite a growing deficit, instead looking to spur faster economic growth in the farming nation. In his first interview with international media ahead of the Oct. 27 first-round …
Uruguay’s leftist presidential frontrunner: no plan for tax hikes; focus on growth Read More »
By Jonathan Spicer and Ece Toksabay ISTANBUL (Reuters) – Turkey’s central bank held interest rates at 50% on Thursday as expected but warned that a bump in recent inflation data lifted uncertainty, in a hawkish signal that could reinforce views that policy easing won’t begin until next year. “In September, the underlying trend of inflation …
Turkey’s central bank holds rate at 50%, warns on inflation Read More »
By John Revill ZURICH (Reuters) -Swiss engineering group ABB needs to improve its performance, new Chief Executive Morten Wierod said on Thursday, after the company reported mixed third-quarter results. The maker of factory robots and fast electric chargers, whose numbers are watched closely because they give an insight into the health of the broader economy, …
ABB’s new CEO says company has work to do after mixed Q3 numbers Read More »
By Andres Gonzalez LONDON (Reuters) – Spanish power company Acciona Energia is considering a sale of its hydroelectric business, valued at 1 billion euros ($1.1 billion), according to two sources familiar with the matter. The company has said that selling renewable assets is part of its strategy to strengthen its balance sheet. Acciona Energia has …
Acciona Energia considers sale of $1.1 billion hydro portfolio, sources say Read More »
MADRID (Reuters) – The Madrid regional government on Thursday cancelled the traditional annual herding of flocks of sheep through the centre of the Spanish capital scheduled for Sunday as a preventative measure against a new variant of the bluetongue disease. Bluetongue, spread by insects, can be deadly for domestic ruminants such as sheep, cattle and …
Madrid cancels sheep herding spectacle to avoid bluetongue spread Read More »
(Reuters) – The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and easing consumer price pressures. The ECB cut its deposit rate by 25 basis points to 3.25% as forecast in a Reuters poll …
ECB cuts rates as expected, says well on track to tame inflation Read More »
BRUSSELS/BERLIN (Reuters) – Germany will continue to help Israel defend itself by supplying weapons, Chancellor Olaf Scholz said on Thursday, adding that Israel must abide by international law and that a two-state solution was the ultimate goal. “For me, however, it is clear that supporting Israel also means that we are constantly ensuring Israel’s defence …
Scholz says Germany will supply Israel with weapons to defend itself Read More »
