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Reuters: Money News

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Updated: 18 min 30 sec ago

Japan's July core inflation hovers at two-year low, adds pressure on Bank of Japan

37 min 52 sec ago
Japan's core inflation was unchanged in July, government data showed on Friday, adding pressure to the Bank of Japan to expand its radical stimulus programme to meet its 2% price target.
Categories: India News

For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll

40 min 42 sec ago
The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found.
Categories: India News

Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal

1 hour 41 min ago
Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks.
Categories: India News

U.S. plans in-person China trade talks next month: White House adviser

1 hour 46 min ago
The Trump administration is still planning for a round of in-person talks between U.S. and Chinese officials in September after a constructive exchange this week between deputy-level negotiators, White House economic adviser Larry Kudlow said on Thursday.
Categories: India News

HP CEO steps down, taps veteran insider; flags quarterly profit below Street view

2 hours 41 min ago
HP Inc said on Thursday Chief Executive Officer Dion Weisler is stepping down after nearly four years in the role, and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.
Categories: India News

VMware to pay $5 billion for firms offering cloud security, developers platform

2 hours 42 min ago
VMware Inc said on Thursday it bought two companies offering cloud security and cloud developer services in separate deals valued at about $5 billion, looking to expand the range of products and services it offers to its corporate clients.
Categories: India News

U.S. SEC fines Deutsche Bank $16 million to settle foreign corruption charges

2 hours 44 min ago
The U.S. Securities and Exchange Commission on Thursday said Deutsche Bank had agreed to pay $16 million to settle charges that it violated the Foreign Corrupt Practices Act.
Categories: India News

As economic warning signs flash, Trump, Democratic rivals recalibrate messages

2 hours 52 min ago
After two years touting a booming economy as his own doing, U.S. President Donald Trump is test driving a new message on the economy: Any chance of a recession is not his fault. But Democrats, who are shifting their message too, seem to be saying "not so fast."
Categories: India News

Two Fed officials see no case for rate cut now; Kaplan 'open-minded'

2 hours 56 min ago
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut next month, while another said he was "open-minded," highlighting policymakers' divisions over how to respond to signs of a global economic slowdown.
Categories: India News

Hasbro to buy studio Entertainment One, home of Peppa Pig, for $4 billion

3 hours 42 min ago
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.
Categories: India News

S&P 500 stalls in economic data offset, ahead of Fed chair's speech

3 hours 55 min ago
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
Categories: India News

Exclusive: Biofuels company proposes to buy fire-damaged Philadelphia refinery

4 hours 11 min ago
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and jet fuels.
Categories: India News

Guggenheim's Scott Minerd warns world bond markets are in a 'bubble'

4 hours 18 min ago
The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ultimately prove futile.
Categories: India News

Amazon to acquire minority stake in an Indian supermarket chain operator

4 hours 20 min ago
Amazon.com Inc is set to snag a minority stake in India's Future Retail Ltd , which operates more than 900 stores in India and owns several supermarket brands, including Big Bazaar.
Categories: India News

Stocks edge lower as investors eye Fed's Jackson Hole meeting

4 hours 37 min ago
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world's largest economy.
Categories: India News

Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer

5 hours 14 min ago
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot.
Categories: India News

News Corp developing 'Knewz.com' service to take on Google News: WSJ

5 hours 25 min ago
News Corp is developing a news-aggregation service to compete with Alphabet Inc's Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the matter.
Categories: India News

S&P 500 stalls as U.S. employment, manufacturing data offset

5 hours 48 min ago
The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity.
Categories: India News

Oil eases as Fed's Jackson Hole meeting gets underway

5 hours 49 min ago
Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.
Categories: India News

Exclusive: KKR explores $5 billion sale of Epicor Software - sources

5 hours 50 min ago
Buyout firm KKR & Co Inc is exploring a sale of Epicor Software Corp that could value the U.S. enterprise resource planning software provider at close to $5 billion, including debt, people familiar with the matter said on Thursday.
Categories: India News

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