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Latest News

Reuters - 15 minutes ago

Hezbollah won't widen war but will fight if needed, deputy head tells Al-Jazeera

UPDATE 1-Hezbollah won't widen war but will fight if needed, deputy head tells Al-Jazeera Adds quotes from Al Jazeera report, context BEIRUT, June 4 (Reuters) - Lebanon's Hezbollah is not seeking to widen its conflict with Israel but is ready to fight any war imposed on it, its deputy leader was quoted as saying on Tuesday, as hostilities across the Lebanese-Israeli border remained intense.
Reuters - 17 minutes ago

Hindenburg Research takes short position in Axos Financial

UPDATE 1-Hindenburg Research takes short position in Axos Financial Adds details from Hindenburg Research report in paragraphs 2 and 3 June 4 (Reuters) - Short seller Hindenburg Research said on Tuesday it had taken a short position in lender Axos Financial AX.N , sending shares of the bank down 18% in premarket trading. Hindenburg alleged that the bank had lax underwriting standards and a loan book filled with multiple glaring problems.
Reuters - 17 minutes ago

Czech Republic to end Russian oil use in first half of 2025, PM says

Czech Republic to end Russian oil use in first half of 2025, PM says PRAGUE, June 4 (Reuters) - The Czech Republic will end its use of Russian oil no later than the first half of 2025 as state pipeline firm MERO completes a capacity upgrade on the Transalpine Pipeline (TAL), Prime Minister Petr Fiala said on Tuesday. The government has sought to eliminate all dependence on Russian oil since Russia invaded Ukraine more than two years ago.
Reuters - 22 minutes ago

EU approves 1.75 bln eur compensation for German coal exit, Germany says

UPDATE 1-EU approves 1.75 bln eur compensation for German coal exit, Germany says Add details, backgroud By Riham Alkousaa BERLIN, June 4 (Reuters) - Germany's economy ministry said it won the European Commission's clearance in principle to compensate power company LEAG with up to 1.75 billion euros ($1.90 billion) for exiting coal by 2038, part of Berlin's efforts to speed up decarbonisation.
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Reuters - 25 minutes ago

Microsoft to take more steps to resolve EU concerns about Teams, Smith says

Microsoft to take more steps to resolve EU concerns about Teams, Smith says BRUSSELS, June 4 (Reuters) - Microsoft MSFT.O expects to take additional steps to resolve an EU antitruist investigation into its chat and video app Teams which is part of its Office product, even as it seems likely to get EU charges in the case, its President Brad Smith said on Tuesday.
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Reuters - 32 minutes ago

Brazilian economy rebounds with 0.8% growth in first quarter

UPDATE 1-Brazilian economy rebounds with 0.8% growth in first quarter Adds further data, context By Marcela Ayres BRASILIA, June 4 (Reuters) - Brazil's economy rebounded from a sluggish second half of 2023 as expected on stronger private investments and household demand amid a robust labor market, official figures showed on Tuesday. While the data supports a more optimistic outlook for Latin America's largest economy than earlier this year, concerns remain about the impact of historic flooding i
Reuters - 32 minutes ago

Sweden starts rate cuts in May as central bank easing push spreads

GRAPHIC-Sweden starts rate cuts in May as central bank easing push spreads By Karin Strohecker and Sumanta Sen LONDON, June 4 (Reuters) - Sweden became the second major central bank in May to embark on rate cuts although its peers broadly remained in wait-and-see mode, while policymakers in emerging markets lowered interest rates further, albeit slowly.
Reuters - 36 minutes ago

EU aviation regulator to allow FAA to observe its plane audits

EXCLUSIVE-EU aviation regulator to allow FAA to observe its plane audits Adds context and EASA chief comment, paragraphs 4-7 By Joanna Plucinska and Thomas Seythal BERLIN, June 4 (Reuters) - Europe's aviation regulator will propose next week that its U.S. counterpart, the Federal Aviation Administration (FAA), acts as an observer on safety audits including those of Airbus AIR.PA planes, its chief told Reuters on Tuesday.
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Reuters - 38 minutes ago

U.S. STOCKS Intel, HealthEquity, Donaldson

BUZZ-U.S. STOCKS ON THE MOVE-Intel, HealthEquity, Donaldson Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock futures slipped on Tuesday after weak manufacturing data sparked new worries about the strength of the world's largest economy, even as markets awaited a slew of reports this week to gauge how much growth has slowed.
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Reuters - 42 minutes ago

Boeing's Calhoun says its board is ready to make decisions for succession

UPDATE 1-Boeing's Calhoun says its board is ready to make decisions for succession Adds background on Boeing CEO search, investigations, changes story identifier for some readers from BOEING-SUCCESSION/ By Joanna Plucinska BERLIN, June 4 (Reuters) - Boeing's BA.N board is prepared to make decisions as the planemaker's Chief Executive David Calhoun is set to step down at the end of the year, he told Reuters on Wednesday, adding that the decision on his successor is up to the board.
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Reuters - 43 minutes ago

Freeport Indonesia targets 2024 concentrate output at 3.78 mln metric tons

CORRECTED-Freeport Indonesia targets 2024 concentrate output at 3.78 mln metric tons Corrects figure in second paragraph to 1.73 billion pounds, not 1.73 million JAKARTA, June 3 (Reuters) - Copper miner Freeport Indonesia has targeted 2024 concentrate output at 3.78 million metric tons if its export permit extension is approved, deputy CEO Jenpino Ngabdi said on Monday.
Reuters - 43 minutes ago

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble June 4 (Reuters) - Bath & Body Works BBWI.N forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signaling demand for its scented candles and body care products would remain subdued amid sticky inflation. Shares of the Ohio-based beauty and skincare company fell 8.8% in premarket trading as it also expects second-quarter profit below estimates.
Reuters - 47 minutes ago

EU approves 1.75 bln eur compensation for German coal exit, Germany says

EU approves 1.75 bln eur compensation for German coal exit, Germany says BERLIN, June 4 (Reuters) - Germany's economy ministry said it was cleared to compensate power company LEAG with up to 1.75 billion euros ($1.90 billion) for exiting coal by 2038, after the European Commission signalled its approval, part of Berlin's efforts to speed up decarbonisation.
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Reuters - 48 minutes ago

Kremlin welcomes Turkey's reported desire to join BRICS

UPDATE 1-Kremlin welcomes Turkey's reported desire to join BRICS Adds Turkish foreign minister's comments in paragraph 4, background MOSCOW/ANKARA, June 4 (Reuters) - Russia welcomes Turkey's reported desire to become part of the BRICS group of nations, Kremlin spokesman Dmitry Peskov said on Tuesday, saying the subject would be on the agenda of the organisation's next summit.
Reuters - 52 minutes ago

Bath & Body Works falls after downbeat annual forecasts

BUZZ-Bath & Body Works falls after downbeat annual forecasts ** Shares of beauty and skincare co Bath & Body Works BBWI.N down ~8% at $47.50 premarket ** Co forecasts annual profit largely below estimates ** Expects FY diluted EPS to be in the range of $3.05 to $3.35 per share, midpoint of which is below LSEG estimates of $3.31 per share ** Co expe
Reuters - 52 minutes ago

Cleaner German power sector coming under scrutiny in 2024: Maguire

RPT-COLUMN-Cleaner German power sector coming under scrutiny in 2024: Maguire The opinions expressed here are those of the author, a columnist for Reuters. By Gavin Maguire LITTLETON, Colorado, June 4 (Reuters) - Germany's power system has continued to clean up its act over the first five months of 2024, setting several key milestones in terms of expanded clean electricity generation and reduced fossil fuel use.
Reuters - 52 minutes ago

Can Mexico's Sheinbaum, a climate scientist, shake Lopez Obrador's oil legacy?

ANALYSIS-Can Mexico's Sheinbaum, a climate scientist, shake Lopez Obrador's oil legacy? By Cassandra Garrison MEXICO CITY, June 4 (Reuters) - Mexico's President-elect Claudia Sheinbaum, an accomplished climate scientist, could struggle to fulfill her environmental pledges after she sailed to victory, in part, on the popularity of a predecessor who doubled down on fossil fuels.
Reuters - 52 minutes ago

Colonial allocates Cycle 34 shipments on main gasoline Line 1

Colonial allocates Cycle 34 shipments on main gasoline Line 1 June 4 (Reuters) - Colonial Pipeline Co COLPI.UL is allocating space for Cycle 34 on Line 1, its main gasoline line, the company said in a notice sent to shippers on Tuesday. Committed information will be available on June 6, the company said. Colonial's Line 1, with capacity of 1.2 million barrels per day (bpd), runs from Houston to Greensboro, North Carolina.
Reuters - 55 minutes ago

OPEC oil output rises in May, led by Nigeria, Iraq, survey shows

UPDATE 1-OPEC oil output rises in May, led by Nigeria, Iraq, survey shows Output rises 145,000 bpd from April Group exceeds target by about 250,000 bpd Details by country Adds further details, context from paragraph 3 By Alex Lawler LONDON, June 4 (Reuters) - OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance.
Reuters - 55 minutes ago

Swiss April gold exports fall on lower shipments to China

Swiss April gold exports fall on lower shipments to China LONDON, June 4 (Reuters) - Swiss gold exports fell in April from March as higher supplies to India and Turkey were offset by lower deliveries to China and Hong Kong, customs data showed. Switzerland is the world's biggest bullion refining and transit hub while China and India are the largest consumer markets, where local demand depends on the season and is sensitive to high gold prices.

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