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(Reuters) -Nomura expects the U.S. Federal Reserve to cut interest rates by 25 basis points in September, bringing forward its easing forecast, amid signs of milder U.S. inflation in July and early cracks in the labor market. The Consumer Price Index rose 0.2% last month, easing from a 0.3% gain in June and broadly in …

Nomura sees Fed rate cut in September as inflation cools Read More »

By Scott Murdoch (Reuters) -Commonwealth Bank of Australia reported its best full-year cash earnings of A$10.25 billion ($6.69 billion) and a record dividend payout on Wednesday, but investors dumped shares in the bank considered one of the most expensive in the world. Shares in CBA, Australia’s largest lender, fell about 5% to the lowest level …

Australia’s CBA posts record annual profit, but investors shed pricey shares Read More »

(Reuters) -Australia’s Treasury Wine Estates reported 16% growth in its annual underlying profit on Wednesday, driven by robust demand for its flagship Penfolds business in China and strong contribution from its Treasury Americas portfolios. Shares of the country’s largest standalone winemaker jumped over 5% in early trade to A$8.06, its highest level in more than …

Treasury Wine profit rises on strong Penfolds demand in China, shares jump Read More »

(Reuters) -Insurance Australia Group posted higher annual cash earnings on Wednesday, beating estimates, as increased premiums and lower-than-expected natural peril costs improved performance and allowed the top domestic general insurer to lift its dividend. The company reported cash earnings of A$1.17 billion ($763.54 million) for the year ended June 30, up from A$905 million last …

Insurance Australia Group reports higher annual cash profit on premium growth, raises dividend Read More »

(Reuters) -U.S. President Donald Trump hit out at Goldman Sachs CEO David Solomon on Tuesday, saying the bank had been wrong to predict U.S. tariffs would hurt the economy and questioned whether Solomon should lead the Wall Street institution. The bank CEO is the latest corporate boss to become the target of Trump’s ire, and …

Trump rebukes Goldman’s Solomon over bank’s tariff research Read More »

By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) -Air Canada said on Tuesday it has asked for federal government intervention in contract talks with its flight attendants union, after the airline declared an impasse in the negotiations. The company also warned of potential flight disruptions, saying it had made arrangements with other Canadian and …

Air Canada seeks government intervention as contract talks with flight attendants stall Read More »

By Juby Babu and Krystal Hu (Reuters) -CoreWeave easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell. The company currently operates 33 AI data centers across the U.S. and Europe …

CoreWeave revenue beats estimates on AI boom but shares fall on bigger loss Read More »

By David Lawder (Reuters) -The U.S. government’s budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump’s tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday. The deficit for July was up 19%, or $47 billion, from …

US deficit grows to $291 billion in July despite tariff revenue surge Read More »