Author Archives: Syndicated Content
Canada economy tops July growth forecast, but seen stalling in August
By Ismail Shakil OTTAWA (Reuters) -Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, driven by growth in the retail trade and public sectors, but the economy likely...
Sep 27, 2024
US consumer spending rises moderately in August; inflation slows
WASHINGTON (Reuters) - U.S. consumer spending increased moderately in August, suggesting the economy retained some of its solid momentum in the third quarter, while inflation pressures continued to ab...
Sep 27, 2024
Traders bet on second straight 50 bps Fed rate cut in November
(Reuters) - Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point interest rate cut in November after a government report Friday showed inflation rose modestly in Aug...
Sep 27, 2024
China cuts short-term borrowing costs
BEIJING (Reuters) -China's central bank said late on Friday it lowered borrowing costs of the standing lending facility (SLF) by 20 basis points across all tenors. SLF is a type of loan that the centr...
Sep 27, 2024
Everything you need to know about interest rates
By Lauren Young NEW YORK - This was originally published in the Reuters On the Money newsletter, where we share U.S. personal finance tips and insights every other week. Sign up here to receive it for...
Sep 27, 2024
Instant view: August US PCE inflation cools to within reach of Fed target
(Reuters) - The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday. Economists had forecast PCE inf...
Sep 27, 2024
Carlyle-backed StandardAero seeks up to $1.4 billion proceeds in upsized IPO
(Reuters) - Carlyle-backed aviation services provider StandardAero said on Friday it, along with its investors, was aiming to raise up to $1.38 billion in its upsized initial public offering in the Un...
Sep 27, 2024
Orcel, the dealmaker determined to redraw Europe's banking map
By Valentina Za and Stefania Spezzati MILAN/LONDON (Reuters) - Upon taking the top job at Italian bank UniCredit in 2021, Andrea Orcel, a veteran M&A adviser, vowed not to repeat the mistake he saw ma...
Sep 27, 2024
ITA expects higher full-year revenue as it prepares to join Lufthansa group
By Giancarlo Navach MILAN (Reuters) - Italy's ITA Airways said on Friday it expects passenger revenue to increase by a quarter in 2024 from last year as it flies with fuller planes, after core profit ...
Sep 27, 2024
Siemens sales growth likely to be below guidance, CFO tells paper
ZURICH (Reuters) - Siemens will post weaker-than-expected full year sales growth, Chief Financial Office Ralf Thomas said in an interview published on Friday, although profits will not be harmed and t...
Sep 27, 2024
