Reuters US Economy

By Sinéad Carew and Shashwat Chauhan (Reuters) -The S&P 500 closed slightly higher after flitting between gains and losses during Wednesday’s lackluster session as investors waited for the next batch of economic data after a robust start to the week spurred by soft inflation data and a U.S.-China tariff truce. Investors were watching out for …

S&P 500 barely gains, investors focus on trade, wait for data Read More »

By Carolina Mandl NEW YORK (Reuters) -Point72 Asset Management’s founder, Steven Cohen, said on Wednesday he believes the U.S. economy will very likely slow down because of tariff threats, but even so the Federal Reserve will not act immediately to cut interest rates. “We don’t think the Fed’s going to act right away, because they’re …

Point72’s Cohen sees economic slowdown amid tariff confusion Read More »

By Chris Prentice and Samuel Indyk NEW YORK/LONDON (Reuters) -Global shares gained and major Wall Street indexes were mixed on Wednesday as trade tensions eased between the world’s two largest economies, and the U.S. dollar steadied after recent losses. Gold prices sank to a more than one-month low as the U.S.-China trade truce dimmed bullion’s …

Global shares gain, as US dollar steadies following recent steep plunge Read More »

By Sarah Morland and Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate slowed more than expected to 2.8% in April, data from national statistics agency INDEC showed on Wednesday, though residents continue to struggle with the South American nation’s ever-rising costs. The rate came in below analysts’ forecast of 3.1% and marked a slowdown …

Argentina inflation brakes more than expected in April Read More »

By Philip Blenkinsop and Jan Strupczewski BRUSSELS (Reuters) -When U.S. Treasury Secretary Scott Bessent this week said Switzerland and Britain had jumped to the front of the queue for a trade deal with the United States, he warned the European Union it was moving “much slower”. Brussels says it is not overly worried. When it …

EU ready to take slow road in US trade talks in pursuit of bigger deal Read More »

By Libby George and Karin Strohecker LONDON (Reuters) -Turkey’s finance minister said the country’s economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that tighter financial conditions, lower oil prices and a weaker dollar were likely to be disinflationary, boosting the economy. “Growth …

Turkey’s Simsek says economic transformation on track despite slower growth Read More »

By Claudia Cristoferi, Philippe LeroyBeaulieu and Alvise Armellini MILAN (Reuters) -Only two manufacturers remain in northern Italy’s once thriving industrial district for baby and child products, after years of falling births and competition from abroad forced many of the small-scale family-owned businesses to close. Bergamo province was home to around a dozen factories in the …

Italy’s crib makers look to the elderly as births fall Read More »

(Reuters) -Australia’s Insignia Financial said on Wednesday that Bain Capital has pulled its buyout offer due to volatile financial markets, but the money manager added it was still in talks with another suitor, investment manager CC Capital. Private equity firm Bain’s proposal valued Insignia at A$3.34 billion ($2.2 billion), the same as a bid from …

Three-way bidding war for Australia’s Insignia Financial down to one Read More »

By Yousef Saba, Gram Slattery, Pesha Magid and Nafisa Eltahir RIYADH (Reuters) -President Donald Trump kicked off his trip to the Gulf on Tuesday with a surprise announcement that the United States will lift long-standing sanctions on Syria, and a $600 billion commitment from Saudi Arabia to invest in the U.S. The U.S. agreed to …

Trump says US to lift Syria sanctions, secures $600 billion Saudi deal Read More »