By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is widely expected to reduce its key policy rate by 50 basis points on Wednesday, its fourth cut in a row and what would be the first super-sized reduction in more than 15 years outside of the pandemic era. A jumbo cut next week, as …
Bank of Canada most likely to cut rates by 50 bps next week Read More »
By Jessica DiNapoli NEW YORK (Reuters) -PepsiCo and Coke bottlers in the West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the …
In West Bank, Pepsi and Coke bottlers face can and sugar shortage Read More »
By Niket Nishant and Nupur Anand (Reuters) – Huntington Bancshares’ third-quarter profit beat expectations on Thursday, as higher underwriting and wealth management fees offset a hit from bigger deposit costs. The bank has diversified beyond lending into fee-earning businesses – a strategy that paid off as companies sold stocks and bonds and pursued deals, driving …
Huntington Bancshares beats profit estimates on capital markets strength Read More »
By Jarrett Renshaw (Reuters) – Democrat Kamala Harris will campaign for the first time with Barack and Michelle Obama in separate events next week, hoping to inject some political star power in the final dash to election day in November, a senior campaign official said. The former president and his wife remain immensely popular with …
Obamas set to hit campaign trail with Kamala Harris for first time Read More »
By Kirsty Needham SYDNEY (Reuters) – U.S. bomber aircraft conducting strikes on underground bunkers in Yemen this week flew through Australian air space in a demonstration of military interoperability, Australian officials said on Friday. The United States said it carried out strikes on Wednesday against five underground weapons storage facilities in Houthi-controlled areas of Yemen, …
Australia says it provided support for US airstrikes on Yemen Read More »
By Andres Gonzalez and Ron Bousso LONDON (Reuters) -BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company’s focus on renewables. The company has faced pressure from shareholders over its energy …
BP weighs sale of minority stake in offshore wind business, sources say Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan must focus on the economic impact of unstable markets and risks from overseas, Governor Kazuo Ueda said on Friday, suggesting the central bank was in no rush to raise interest rates further. Ueda said Japan’s economy was recovering moderately and likely to …
Bank of Japan chief warns of unstable markets, global uncertainties Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since …
China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Technology has been the main driving force behind the evolution of financial markets in recent decades, with the explosion of automated and algorithmic trading fostering the eye-popping speed, efficiency, and liquidity that traders and investors enjoy today. Artificial intelligence is likely to accelerate these positive changes and revolutionize financial …
For markets, AI efficiency may bring volatility: McGeever Read More »
By Lisa Richwine, Dawn Chmielewski, Harshita Mary Varghese LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama “Squid Game” returns. Shares of Netflix rose 4.8% in after-hours trading …
Netflix tops subscriber targets as ad-tier signups grow Read More »
