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Global market reaction to two years of war in Gaza

By Marc Jones LONDON (Reuters) -Below are five charts showing the volatile response of global financial markets to the war between Israel and Hamas over the last two years. 1/TAKING STOCK Israeli stocks and those of the world’s big weapons makers have surged since the October 7, ...
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Mexico’s annual inflation rises in September, but remains within target range

MEXICO CITY (Reuters) -Mexico’s annual inflation rate quickened in September at a pace slightly below expectations, official data showed on Thursday, and remained within the central bank’s target range of 3%, plus or minus a percentage point. Consumer prices in Latin America’s second-largest economy rose ...
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US banks to reap bigger profits as deals rebound in third quarter

By Nupur Anand NEW YORK (Reuters) -The six largest U.S. banks are expected to report stronger third-quarter earnings next week, catapulted by a rebound in investment banking. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and Wells Fargo are forecast to benefit from resurgent ...
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BOJ should be wary of more rate hikes, adviser to Japan’s likely next PM says

By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -The Bank of Japan should be cautious about raising interest rates again as the economy is still fragile, said Etsuro Honda, a close economic adviser to Sanae Takaichi, who is likely to become the country’s next prime ...
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Intel outlines details of first PC chip made on its new manufacturing tech

(Reuters) -Intel on Thursday unveiled key details of its upcoming Panther Lake laptop processor, the first chip built on its next-generation 18A production process, aiming to convince investors its costly turnaround plan can restore its manufacturing edge. The rollout of Panther Lake, aimed at ...
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From rubble to revival, Detroiters hope new Hudson’s development can help reshape the city

DETROIT (AP) — Before the arrival of sprawling suburban malls featuring amusement park rides and stores peddling anything from jeans to jelly beans, there was Hudson’s in downtown Detroit. The towering department store mirrored the growth and opulence of the auto-manufacturing town, but its fortunes ...
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ECB rate level robust enough to manage shocks, meeting accounts show

FRANKFURT (Reuters) -European Central Bank policymakers are in no hurry to cut interest rates again, even if they are keenly aware of unusually high uncertainty and risks, the accounts of their September 10-11 meeting showed on Thursday. The ECB left rates unchanged in September ...
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G20’s cross-border payments push set to miss 2027 target

By Marc Jones and Phoebe Seers LONDON (Reuters) -Global financial authorities are set to miss a 2027 target set by the G20 group of nations to make international cross-border payments faster, cheaper and more transparent, the G20’s Financial Stability Board said on Thursday. Goals set ...
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Ferrari lifts annual guidance, sets 2030 revenue target at 9 billion euros

(Adds dropped word ‘shares’ from paragraph 4) (Reuters) -Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030. The company forecast net revenue of at least 7.1 billion euros ...
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US consumer goods prices rise in September, Openbrand says

WASHINGTON (Reuters) -Prices for long-lasting U.S. consumer and personal goods increased in September, data from OpenBrand showed on Thursday, though the boost from import tariffs appeared to be fading. A partial U.S. government shutdown, now in its second week, has caused the suspension of official ...
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Bank of Canada warns against over-regulation of financial sector

By Promit Mukherjee and David Ljunggren OTTAWA, Oct 9 (Reuters) – The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S. tariffs. “As the world heads ...
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PepsiCo edges past quarterly sales estimates

(Reuters) -PepsiCo beat Wall Street expectations for third-quarter revenue on Thursday, buoyed by resilient demand for its energy drinks, healthier sodas and salty snacks in the United States. PepsiCo is facing activist pressure from Elliott Management, with the investor calling out the company for lagging ...
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