Reuters US Economy

By Abigail Summerville NEW YORK (Reuters) – The family behind Tropical Cheese Industries is exploring a sale of the Hispanic dairy products maker that could value it at over $500 million, according to people familiar with the matter. Tropical Cheese, based in Perth Amboy, New Jersey, is working with investment bank Rothschild and Co to …

Family-owned Tropical Cheese is exploring a sale, sources say Read More »

MOSCOW (Reuters) – Russia’s annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady reduction in inflation pressure. The central bank is expected to raise its key interest rate by 100 basis points to 19% at …

Russian central bank says medium-term inflation risks remain high Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing contracted at a moderate pace in August amid some improvement in employment, but a further decline in new orders and rise in inventory suggested factory activity could remain subdued for a while. The survey from the Institute for Supply Management (ISM) on Tuesday also showed manufacturers continuing to …

US manufacturing mired in weakness; construction spending falls Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Two Wall Street bankers are joining Jasper Street Partners to build the firm’s practice helping clients defend against activist investors by identifying vulnerabilities, navigating proxy contests and managing public pressure campaigns. Duncan Herrington and Peter da Silva Vint, who worked as activism-defense bankers most recently at Moelis and …

Former Moelis, Barclays activism defense bankers to build business at Jasper Street Read More »

By Steven Scheer JERUSALEM (Reuters) – Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal responsibility with a need to finance Israel’s ongoing war with Hamas in Gaza. The minister has been under pressure from the Bank of Israel and …

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – Nvidia’s share price slump after its strong, but not exceptionally strong, second-quarter results raises a broader question for U.S. stocks: Are 2025 earnings growth forecasts too optimistic?  The aggregate 2025 earnings growth forecast for S&P 500 companies has risen steadily from 13.7% in April to 15.3% today, according …

Corporate America has a revenue problem: McGeever Read More »

By Daren Butler and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey’s annual inflation tumbled a bit more than expected to 51.97% in August, data showed on Tuesday, continuing a sharp slide due to base effects and food price relief, and keeping the central bank on track for rate cuts in the months ahead. Month-on-month, consumer price inflation …

Turkey inflation tumbles to 52% as disinflation proceeds Read More »

By Panarat Thepgumpanat BANGKOK (Reuters) – Thailand’s Prime Minister Paetongtarn Shinawatra on Tuesday said part of the government’s vaunted 450 billion baht ($13.1 billion) “digital wallet” handout will be distributed in cash, in another change to its flagship populist policy. Details are still being finalised and will be announced in a policy statement to parliament, …

Thailand’s $13 billion digital handout scheme to include cash payments, PM says Read More »

By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday and keep it there at least through 2025 as growth remains robust and inflation stays under control, according to a Reuters poll of economists. While BNM has managed to keep inflation in check, currently at 2.0%, …

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll Read More »