US consumer sentiment sours; dollar aiding inflation fight
Vegetables are pictured at a produce shop at Reading Terminal Market after the inflation rate hit a 40-year high in...
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Dollar up after inflation data boost
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing RightsNEW YORK, Oct 13 (Reuters) - Citigroup's (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades.The bank said it will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of leadership, 15%...
EU lawmakers push to weaken corporate sustainability disclosure
European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness speaks during the press conference on...
Banking turmoil backs case for ‘final mile’ of Basel capital rules, says watchdog
De Cos: rules will not mean significantly more capitalDe Cos: AT1 instruments may need more transparencyLONDON, Oct 13 (Reuters) -...
Analysts lower EU carbon price forecasts on weak industry, power demand
LONDON, Oct 13 (Reuters) - Analysts have lowered price forecasts for EU carbon permits for 2024 and 2025 on expectations...
Dollar gains after US consumer prices rise more than expected
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
France, Germany close to EU energy market reform deal, finance minister LeMaire says
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire leaves following the weekly cabinet meeting at the...
Honduras prosecutors accuse two ex-presidents of diverting public funds to campaigns
Honduras former President Juan Orlando Hernandez is escorted by members of the National Police and the Military Police after arriving...
Birkenstock stumbles in underwhelming US market debut
Oct 11 (Reuters) - Birkenstock's (BIRK.N) stock ended more than 12% below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut that signaled investors remain cautious about new listings.Shares of the 250-year-old German sandal maker started trading at $41 after the IPO had priced at $46. That offering raised $1.48 billion, priced at the midpoint of the indicated range of $44 and $49 on Tuesday. The stock closed at $40.20, down 12.61%.The 11% decline from Birkenstock's IPO price on Tuesday to its opening price on...