Category Archives:
Futures slip as rate-cut uncertainty looms; Tesla drops
(Reuters) - U.S. stock index futures declined on Wednesday, with Tesla among the top losers, while investor focus remained on corporate earnings and the recent pushback from policymakers on expectatio...
Thomson Reuters Jan 17, 2024
Business heads see Red Sea tensions causing lengthy trade dislocation
(Reuters) - Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Houthi militants in Yemen could affect supply chains for months and lead to a shortage o...
Thomson Reuters Jan 17, 2024
Spirit Airlines stock dips after US judge blocks $3.8 billion merger with JetBlue
(Reuters) - Shares of ultra-low-cost carrier Spirit Airlines fell 10% in premarket trade on Wednesday, a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue Air...
Thomson Reuters Jan 17, 2024
Nearly half of European investors seek to cut property exposure, survey finds
LONDON (Reuters) - Nearly half of investors in Europe plan to cut their real estate allocations, according to a survey by trade body INREV, as a slide in valuations driven by higher borrowing costs an...
Thomson Reuters Jan 17, 2024
Lithium producer Albemarle to cut workforce, lower spending in 2024
(Reuters) - Lithium producer Albemarle said on Wednesday it will reduce its workforce and cut spending on certain projects this year, as it looks to curb costs. Shares of the world's largest lithium p...
Thomson Reuters Jan 17, 2024
OPEC may need further supply curbs to balance market, says Mercuria chief
By Dmitry Zhdannikov DAVOS, Switzerland (Reuters) - OPEC may need to cut production further to keep oil prices at current levels in the face of stuttering demand growth and high U.S. output, the CEO o...
Thomson Reuters Jan 17, 2024
OPEC sticks to 2024 oil demand view, sees more growth in 2025
By Alex Lawler LONDON (Reuters) - OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said 2025 will see a "robust" increase in oil use, led by China ...
Thomson Reuters Jan 17, 2024
Diamond Sports in deal to emerge from bankruptcy, signs streaming pact with Amazon
(Reuters) - Regional sports programmer Diamond Sports Group said on Wednesday it has signed an agreement with a group of creditors to emerge out of bankruptcy and that it would also get funding from A...
Thomson Reuters Jan 17, 2024
Yellen says U.S. economic performance 'vindicates' heavy COVID-era spending
WASHINGTON (Reuters) - The U.S. Treasury Secretary Janet Yellen said on Wednesday that the U.S. economy's strong performance is evidence that President Joe Biden's $1.9 trillion American Rescue Plan A...
Thomson Reuters Jan 17, 2024
India's LTIMindtree misses Q3 profit estimates
BENGALURU (Reuters) - Indian IT services firm LTIMindtree reported a smaller-than-expected profit for the third quarter on Wednesday as a challenging macro environment led to clients cutting spending....
Thomson Reuters Jan 17, 2024
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