Fed's communications style scores well with analysts but not public
By Howard Schneider WASHINGTON (Reuters) - Through a tumultuous period of high inflation, aggressive interest rate hikes, and global instability, the U.S. Federal Reserve received relatively high marks for its monetary policy communications despite...
1h ago
European shares pause after recent rally, BoE decision in focus
(Reuters) - European stocks were muted on Thursday, as investors took a breather after recent gains and awaited the Bank of England's policy decision later in the day, while shares of Spanish bank Sabadell jumped after rival BBVA's hostile takeover...
3h ago
Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
(Reuters) - Apollo-backed Concord said on Thursday it will stick with its offer of $1.25 apiece for Hipgnosis Songs Fund, days after Blackstone outbid it for the music rights owner of artists such as Shakira and Red Hot Chili Peppers. The $1.51 bil...
3h ago
Japan's Nippon Steel full-year profit down 21%, beats estimates
TOKYO (Reuters) - Nippon Steel, Japan's biggest steelmaker, posted on Thursday a 20.8% fall in net profit for the year ended in March to 549.4 billion yen, beating estimates. Nippon Steel had been expected to post a net profit of 464.6 billion yen,...
4h ago
Panasonic expects battery unit's annual profit to rise 23%
TOKYO (Reuters) - Japan's Panasonic Holdings forecast on Thursday a 23% rise in operating profit for its battery-making energy unit in the current business year, after undershooting its estimated operating profit for the year that just ended. Opera...
4h ago
ITV forecasts 12% jump in Q2 ad revenue on Euros demand
LONDON (Reuters) - Britain's ITV said its advertising revenue would jump by around 12% in the second quarter, four times the level achieved in the first, boosted by the Euros soccer championship which kicks off in June. The company, which broadcast...
4h ago
China's exports and imports return to growth, signalling demand recovery
BEIJING (Reuters) - China's exports and imports returned to growth in April after contracting in the previous month, customs data showed on Thursday, signalling an encouraging improvement in demand at home and overseas in a boost to a shaky economi...
4h ago
Analysis-War upends Ukraine's economy in a shift that may be permanent
By Olena Harmash KYIV (Reuters) - Within days of Russian forces invading Ukraine in early 2022, architect Oleh Drozdov made up his mind: he would move his home and business from the besieged eastern city of Kharkiv more than 1,000 km to the west, ...
5h ago
Country Garden says it aims to pay onshore coupons due Thursday by May 13
By Clare Jim HONG KONG (Reuters) - Embattled Chinese developer Country Garden said it is unable to pay onshore coupons due on Thursday but it aims to make the payment and additional interest incurred by May 13, within the grace period. The develope...
5h ago
Dollar holds its ground as key inflation data looms
By Brigid Riley TOKYO (Reuters) - The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S....
6h ago