By David French NEW YORK (Reuters) – MetLife is aiming for double-digit growth in its adjusted earnings per share over the next five years by doubling down on investments in core areas such as group benefits and asset management, its chief executive told Reuters. Unveiling its New Frontier strategic plan to shareholders at its investor …
MetLife targets double-digit earnings per share gains in new growth plan Read More »
By Foo Yun Chee BRUSSELS (Reuters) – A return to the format of 10 blue links in search results from years ago could reduce user traffic to hotels, Google said on Thursday, as it seeks to balance demands from price comparison websites and hotels in trying to comply with EU tech rules. The Alphabet unit …
Google says feedback shows old search result format is bad for hotels Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Samsung has accused India’s competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart’s Flipkart, a legal filing shows. Samsung is embroiled in the Competition Commission of India’s (CCI) investigation …
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully Read More »
By David French NEW YORK (Reuters) – MetLife and General Atlantic are forming a reinsurance venture, the companies’ executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets. The venture, called Chariot Reinsurance, will have an initial equity contribution …
MetLife, General Atlantic to launch reinsurance venture Read More »
(Reuters) – Traders of interest-rate futures that settle to the Federal Reserve’s policy rate added to bets the central bank rate will cut borrowing costs next week and follow up next year with further reductions, after economic data showed weekly claims for unemployment insurance unexpectedly rose. Traders now see the probability of a rate …
Traders add to bets the Fed will keep cutting rates next year Read More »
WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 242,000 …
By Ahmad Ghaddar, Shariq Khan and Trixie Yap LONDON/NEW YORK/SINGAPORE (Reuters) – The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels. The market ends 2024 on …
Global diesel prices to rely on refinery closures for support in 2025 Read More »
(Reuters) – Meta Platforms has donated $1 million to U.S. President-elect Donald Trump’s inaugural fund, a company spokesperson told Reuters in an emailed response. The Wall Street Journal, which first reported the news, said the donation was a departure from past practice by CEO Mark Zuckerberg and Meta. Zuckerberg had declined to endorse either Donald …
Meta donates $1 million to Trump’s inaugural fund Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan With interest rates tumbling across the world and set to fall stateside again next week too, Wall Street stocks are sizing up one of the best years of the century so far. The tech-laden Nasdaq surged again on Wednesday and closed …
Morning Bid: Europe eases with Swiss surprise as Nasdaq clocks 20k Read More »
By Roushni Nair (Reuters) – Bearish bets on the South Korean won and the Indian rupee soared to a two-year high as investors clung to their short positions in other currencies on growing concerns that potential U.S. tariffs would undermine the appeal of emerging market assets. Short positions on the won increased to their highest …
Bearish bets maintained on Asian FX as US tariff fears intensify: Reuters poll Read More »
