Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say
By Julie Zhu, Greg Roumeliotis and Kane Wu HONG KONG/NEW YORK (Reuters) - Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmak...
1h ago
Investor and philanthropist Jim Simons dies at age 86
(Reuters) - Investor and philanthropist Jim Simons has died at the age of 86 in New York City, the Simons Foundation said in a statement on Friday. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber)
1h ago
Downside risks for Pakistan remain exceptionally high, says IMF
KARACHI, Pakistan (Reuters) - Downside risks for the Pakistani economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report on the country, ahead of talks with the fund on a longer term progamme. An I...
2h ago
Fed officials mull if rates are high enough as inflation expectations jump
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation...
2h ago
McDonald's to launch $5 meal deal to lure back customers, Bloomberg News reports
(Reuters) -McDonald's is preparing to launch a $5 meal deal at its U.S. restaurants to lure more inflation-hit customers back to its chains, Bloomberg News reported on Friday, citing a person familiar with the matter. The deal could include a McChicken...
2h ago
US consumer sentiment slides to six-month low in May
WASHINGTON (Reuters) - U.S. consumer sentiment sagged to a six-month low in May amid growing anxiety about inflation, unemployment and interest rates, a survey showed on Friday. The University of Michigan's preliminary reading on the overall index ...
2h ago
Exclusive-Biden to put tariffs on China medical supplies - sources
By Jarrett Renshaw and Trevor Hunnicutt (Reuters) - The Biden administration is expected to issue new tariffs on Chinese-made medical devices like syringes and personal protective equipment when it unveils its new trade strategy next week, accordin...
2h ago
Fed's Logan says US monetary policy may not be tight enough
By Ann Saphir NEW ORLEANS, Louisiana (Reuters) - Dallas Federal Reserve President Lorie Logan on Friday said it's not clear if monetary policy is tight enough to bring inflation down to the U.S. central bank's 2% goal, and it is too soon to be cutt...
3h ago
Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
SAO PAULO (Reuters) - Brazil's annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the nation's central bank voted to reduce the pace of its i...
3h ago
China's cenbank says it will keep prices stable, guard against yuan overshooting risks
BEIJING (Reuters) - China's central bank said on Friday it will precisely and effectively implement its prudent monetary policy, maintain price stability and guard against overshooting risks in the yuan exchange rate. In its first-quarter monetary-...
4h ago
US equity funds gain weekly inflows amid renewed hopes of rate cut
(Reuters) - U.S. equity funds registered their first weekly inflow in six weeks in the seven days to May 8 thanks to a softer than anticipated payrolls report that revived hopes that the Federal Reserve would trim interest rates this year. Investor...
4h ago
Global equity funds attract big inflows as rate cut bets rise
(Reuters) - Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report. Investors bought a net $12.72 billion worth of...
5h ago
Ford CFO to become vice chair, Lucid Motors exec House to succeed
(Reuters) - Ford Motor said on Friday CFO John Lawler would take on the additional role of being the company's vice chair and that former Lucid Motors finance chief Sherry House will join the company and succeed Lawler as CFO in early 2025. (Repor...
6h ago
Canada gains a net 90,400 jobs in April, jobless rate holds at 6.1%
OTTAWA, May 10 (Reuters) - Canada's economy gained a net 90,400 jobs in April, both in full-time and part-time work, and the jobless rate held at 6.1%, Statistics Canada data showed on Friday. Employment in the goods producing sector fell by a net 10,4...
6h ago
ECB preparing for June rate cut, accounts show
FRANKFURT (Reuters) - Euro zone inflation is on track to ease back to 2% next year so European Central Bank policymakers concluded last month they will likely be in a position to cut interest rates in June, the account of their April meeting showed...
6h ago
Ford to assemble 300,000 cars a year at spanish plant in Valencia region from 2027
MADRID (Reuters) - U.S. car maker Ford plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, the Spanish Industry Ministry said on Friday. The company had said in March it was considering...
8h ago
China's Zeekr set to debut on NYSE after upsized IPO
(Reuters) - Shares of China's Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top end of its marketed range. The debut ...
8h ago
Citi upgrades India to "overweight" citing stable earnings, economic growth
By Bharath Rajeswaran BENGALURU (Reuters) - Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. The brokerage expects India's blue-chi...
8h ago
Futures rise ahead of data, speeches from Fed officials
(Reuters) - U.S. stock index futures rose on Friday with focus on speeches from Federal Reserve officials, after economic data this week supported bets of U.S. interest rate cuts and lifted investor sentiment. Wall Street indexes were back in sight...
8h ago
Column-Forget market angst, just 'KISS' and make up: Mike Dolan
By Mike Dolan LONDON (Reuters) - Worried about a hawkish Fed, over-valued stocks, teetering debt piles, volatile currencies, cliffhanger elections or rancorous geopolitics? Relax and don't over-think it. For those with long-term savings horizons, t...
8h ago
Morning bid: May rescued by jobless jump, BoE shift, HK surge
A look at the day ahead in U.S. and global markets from Mike Dolan World stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hon...
8h ago
Fed's Bostic says economy likely slowing, though rate-cut timing uncertain
By Howard Schneider WASHINGTON (Reuters) - The U.S. central bank likely remains on track to cut interest rates this year even if the timing and extent of the policy easing is uncertain and further declines in inflation come only slowly, Atlanta Fed...
8h ago
US auto regulator opens probe into over 200,000 Ford vehicles
(Reuters) - The U.S. auto safety regulator said on Friday it was opening a preliminary evaluation into 210,960 Ford vehicles following complaints alleging diesel fuel leaks that may result in a fire. A preliminary evaluation is the first step to de...
9h ago
US auto regulator opens preliminary evaluation into Fisker's Ocean vehicles
(Reuters) - The U.S. auto regulator on Friday opened a preliminary evaluation into about 6,813 Fisker's Ocean vehicles over reports of inadvertent activation of the automatic emergency braking system. (Reporting by Abinaya Vijayaraghavan in Bengal...
9h ago
China's April car sales swing to contraction despite NEV milestone
BEIJING (Reuters) - China's car sales fell 5.8% in April from a year earlier, industry data showed on Friday, as a ferocious price war and incentives failed to shake off consumers' caution about spending on big items during a shaky economic recover...
10h ago