US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales…
Activist investors enjoy strong rebound in ’23, gird for more proxy fights
By Svea Herbst-Bayliss (Reuters) – Activist investors roared back to double digit returns in 2023 after a year of losses, with a stronger equity market and savvy stock picking fueling their rebound,…
US factory orders rebound in November
WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in November amid a surge in demand for civilian aircraft, government data showed on Friday Factory orders rose 2.6% after…
U.S. natgas producers seek to balance production cuts, demand rebound
(Reuters) – The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it…
Dealmakers see rebound after global M&A volumes hit decade-low
By Anirban Sen and Anousha Sakoui NEW YORK (Reuters) – Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an…
US equity funds rebound with net inflows amid market rally
(Reuters) – U.S. equity funds attracted net inflows in the week through Dec. 13 amid a rally on Wall Street despite caution ahead of the Federal Reserve’s upcoming monetary policy announcement. Investors…
Most EM currencies to rebound in 2024, ‘carry trades’ still attractive: Reuters poll
By Vuyani Ndaba and Devayani Sathyan JOHANNESBURG/BENGALURU (Reuters) – Most emerging market currencies will recover 2023 losses and trade modestly higher against the dollar next year as bets on interest rate cuts…
Japan Oct factory output rises on circuits, autos rebound
TOKYO (Reuters) – Japan’s factory output rose for a second straight month in October, government data showed on Thursday, lifted by the production of integrated circuits and autos, although external demand risks…
Ukraine GDP to rebound in 2023, inflation to fall – EU Commission
BRUSSELS (Reuters) – Ukraine’s economic growth will rebound this year and next after a plunge in 2022 caused by the Russian invasion, and inflation is slowing sharply but even in 2025 its…
EU exec cuts euro zone 2023 growth forecast, sees rebound in 2024
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow more slowly this year than previously expected, but will avoid a technical recession and growth will rebound next year, the…
Pinterest soars on rising Gen Z engagement, ad-market rebound
(Reuters) – Shares of Pinterest surged 17% in premarket trading on Tuesday after a strong quarterly performance indicated that the image-sharing platform was riding a rebound in the advertising market and making…
Malteurop sees demand rebound for beer ingredient despite inflation
(Reuters) – Inflation is curbing short-term demand for malt, but demand looks to rebound soon for the beer ingredient made from barley after brewers depleted stocks, France-based producer Malteurop said on Wednesday.…
Analysis-US stock market technicals suggest possible rebound as earnings, CPI loom
By Lewis Krauskopf NEW YORK (Reuters) – Technical and seasonal indicators that investors use to gauge the U.S. stock market’s health show it may be time to buy, though upcoming inflation data…
Uniqlo owner set for 26% profit surge on China rebound, yen slide
By Rocky Swift TOKYO (Reuters) – The Japanese operator of global clothing chain Uniqlo is expected to blow past last year’s record profit when it reports results on Thursday, benefiting from a…
Toronto home prices rebound in September, sales hit 8-month low
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking…
Argentina government expects economic rebound, inflation slowdown in 2024
BUENOS AIRES (Reuters) – Argentina’s economy is expected to grow 2.7% in 2024 after contracting 2.5% this year, according to a budget proposal sent by the economy ministry to Congress late on…
Australia retail sales rebound after fall, annual rate slows further
SYDNEY (Reuters) – Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate slowed further, a result that should not upset the outlook for interest…
China’s Meituan swings to profit on food delivery rebound, flags headwinds
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue, defying a slowing Chinese economy, though executives warned of headwinds for its…
Marketmind: After the rebound, markets revert to type
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. After Monday’s surprising resilience on Wall Street, world markets’ reversion to type…
Refiners make hay as global profit margins rebound
By Mohi Narayan, Laura Sanicola and Ahmad Ghaddar NEW DELHI/WASHINGTON/LONDON (Reuters) – Global refiners are raking in hefty gains, fuelled by a rebound from second-quarter lows in margins on making oil products…
Marketmind: Wall St set for rebound after worst week since March
A look at the day ahead in U.S. and global markets by Samuel Indyk The second week of August looks set to begin on a slightly brighter note than the first, with…
Tenet Healthcare lifts profit forecast, bets on rebound in surgical procedures
(Reuters) – Tenet Healthcare Corp on Monday raised its annual profit forecast after a strong second quarter, betting on a recovery in surgical procedure volumes, sending its shares up 3% in extended…
Loews profit more than doubles as market rebound boosts investment returns
(Reuters) – Loews Corp said on Monday its second-quarter profit more than doubled as a jump in investment income cushioned a hit from higher catastrophe losses in its insurance unit, CNA Financial.…
L’Oreal upbeat on China despite market’s softer rebound
By Mimosa Spencer PARIS (Reuters) – Second-quarter sales at French cosmetics giant L’Oreal slightly beat expectations, as a rebound in China helped offset slower growth in the United States where the rising…
Hospital operator HCA raises 2023 profit view as surgery volumes rebound
(Reuters) -Hospital operator HCA Healthcare Inc on Thursday raised its annual profit forecast, betting on a recovery in non-urgent medical procedures as more patients return to hospitals for surgeries delayed during the…
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter, with a sharp rebound in China helping to offset a decline in…
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