Today: May 19, 2024
Today: May 19, 2024

Economy

Italy's League seeks to remove EU flag from public offices

Italy's hard-right League on Thursday said it wanted to change the law and remove the European Union flag from public offices, looking to bolster its eurosceptic credentials ahead of

Italy's League seeks to remove EU flag from public offices

Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share

Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per

Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share

Argentina posts fourth month of fiscal surplus under Milei, but margin narrows

BUENOS AIRES (Reuters) -Argentina posted primary fiscal and financial surpluses in April, the economy ministry said on Thursday, driven by an austerity package under new libertarian President Javier

Argentina posts fourth month of fiscal surplus under Milei, but margin narrows

ABB buys Siemens's wiring accessories business in China

ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.

ABB buys Siemens's wiring accessories business in China

China to let local govt officials buy affordable housing at 'reasonable' prices

China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing

China to let local govt officials buy affordable housing at 'reasonable' prices

Boeing shareholders vote to keep departing CEO on planemaker's board

By Allison Lampert and Abhijith Ganapavaram (Reuters) -Boeing’s departing CEO Dave Calhoun was re-elected to stay on the troubled company's board on Friday, even as the planemaker said it was

Boeing shareholders vote to keep departing CEO on planemaker's board

China to cut mortgage interest rates, home down-payment ratio to boost demand

China will cut interest rates of mortgage loans and down-payment ratios for homebuyers to boost lacklustre property demand, according to three statements released by its central

China to cut mortgage interest rates, home down-payment ratio to boost demand

Japan inflation likely slowed again, may ease cost pressure - Reuters poll

Japan's core consumer inflation probably slowed for a second straight month in April from a year earlier, a Reuters poll of 18 economists showed on Friday,

Japan inflation likely slowed again, may ease cost pressure - Reuters poll

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

BOJ may face more pressure to hike rates as weak yen hits consumer spending

Japan's weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen's declines

BOJ may face more pressure to hike rates as weak yen hits consumer spending

Investors pour money into stocks, bonds as inflation worries ebb - BofA says

Investors poured money into stocks and bonds in the week to Wednesday, favouring laggards such as utilities, but pulling money from pricier parts of the market such as technology

Investors pour money into stocks, bonds as inflation worries ebb - BofA says

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

HONG KONG (Reuters) -Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition.

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

Stocks edge up as timing of US rate cuts weighed; copper jumps

By Caroline Valetkevitch NEW YORK (Reuters) -A world stock index rose for a seventh straight session and U.S.

Stocks edge up as timing of US rate cuts weighed; copper jumps

Dow ends above 40,000 milestone, indexes notch up weekly gains

By Chibuike Oguh and Shristi Achar A NEW YORK (Reuters) -The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains,

Dow ends above 40,000 milestone, indexes notch up weekly gains

Global equity funds draw inflows on rate cut hopes, soft US economic data

Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures,

Global equity funds draw inflows on rate cut hopes, soft US economic data

German defence industry says it will need government help to reduce dependence on China

German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S.

German defence industry says it will need government help to reduce dependence on China

Serene euro debt markets still leave ECB queasy :Mike Dolan

By Mike Dolan LONDON (Reuters) -Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about

Serene euro debt markets still leave ECB queasy :Mike Dolan

Hedge funds play a weak Japanese yen

Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo.

Hedge funds play a weak Japanese yen

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Opposition groups in Serbia are planning protests against a real estate development project that will be financed by the firm of Donald Trump’s son-in-law, Jared Kushner, at the site of the former Serbian army headquarters destroyed in a U.S.-led NATO bombing campaign in 1999

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

By Yuvraj Malik and Arsheeya Bajwa (Reuters) -Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

China's Nio aims to launch one new car model per year under Onvo brand

SHANGHAI (Reuters) -Chinese electric vehicle maker Nio said on Thursday it would launch one new model per year under its lower-priced Onvo brand and price them similarly to gasoline vehicles, as the

China's Nio aims to launch one new car model per year under Onvo brand

UN aid chief warns on Gaza food supplies, says relief work 'unplannable'

By Emma Farge GENEVA (Reuters) -The U.N. aid chief warned on Thursday that famine was an immediate risk in Gaza with food stocks running out, describing fresh challenges since the start of the

UN aid chief warns on Gaza food supplies, says relief work 'unplannable'

China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference

China expected to stand pat on lending rates in May

IMF to launch new Ukraine mission to review loan, latest economic developments

The International Monetary Fund will start a new Ukraine mission in coming weeks to assess the war-torn country's $15.6 billion loan program and latest economic

IMF to launch new Ukraine mission to review loan, latest economic developments
LA Post

Follow