Luxury goods group Hermes wins promotion to blue-chip Euro STOXX 50 index

PARIS (Reuters) - French luxury goods company Hermes won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stock, which has hit all-time highs. The index provider said Hermes would formally enter the Euro STOXX 50 on December 20. Hermes' promotion could fuel further demand fo...

15 Occupations Expected to See the Most Growth in the U.S.

Job opportunities should be good in the coming years for workers in these fields.

Australia bank pays out over charging dead people

Australia's second largest bank has agreed to pay $81m in penalties and compensate customers.

Exclusive-Mitsubishi looks to sell California products terminal and trading arm

By Shariq Khan and Laura Sanicola (Reuters) - Mitsubishi Corp is looking to sell a fuel terminal that provides transportation fuels which meet California's stringent emissions requirements, two sources familiar with the matter told Reuters on Wednesday. The company is working with Ernst and Young's energy advisory group to market its 600,000-barr...

Euro zone producer prices surge in Oct, unemployment eases

BRUSSELS (Reuters) - Euro zone producer prices jumped more than expected in October, data showed on Thursday, driven mainly by a surge in energy prices, while unemployment eased again as the economy continued to recover from the pandemic-induced recession. The European Union's statistics office Eurostat said prices at factory gates in the 19 coun...

Chevron raises spending budget and share buybacks

By Sabrina Valle HOUSTON (Reuters) - U.S. oil producer Chevron Corp on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 billion, while also raising shareholder returns. Major oil companies are responding to a jump in profits this year from higher oil and gas prices, and have signaled they plan to revive ...

Why broken African phones are shipped to Europe

A lack of recycling facilities in Africa has spurred one Dutch company to import broken phones.

Factbox-Analysts' 2022 outlook for Chinese assets

SYDNEY (Reuters) - Investment houses have begun publishing their predictions for Chinese asset prices next year, and after a bruising 12 months in financial markets even bulls have a tempered outlook. The Hang Seng equity index has fallen about 13% this year and the MSCI China index has lost about 20% against a 12% rise in world stocks. On Dec. 2...

20 Best Places To Live on Only a Social Security Check

Social Security is an essential safety net for many Americans. Even if you haven't saved enough for retirement, you can still count on Social Security benefits in retirement. Read: 14 Key Signs You...

Analysis-White House delay on Fed regulation chief bodes badly for bank M&A

By David French NEW YORK (Reuters) - The White House's delay in nominating the Federal Reserve's new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank. While Democratic President Joe Biden said

'We’ve had 20 cancellations in one weekend'

As worries emerge over a new Covid variant, hospitality fears it could thwart the busiest time of year.

Special Report-U.S. rushed contracts to COVID-19 suppliers with troubled plants

By Marisa Taylor WASHINGTON (Reuters) - As the Trump administration debated whether to declare COVID-19 a national emergency early last year, a little-known U.S. health office issued a public plea to Big Pharma. On March 6, 2020, the Biomedical Advanced Research and Development Authority called on pharmaceutical and medical device companies to de...

This is now the world’s most expensive city to live in, study says

Tel Aviv, Israel is now the most expensive city in the world to live in, according to a biannual report by the Economist Intelligence Unit.

More Chinese developers seek domestic bond issuance

SHANGHAI (Reuters) - Three Chinese developers, including the main operation platforms of Country Garden Holdings Co and Longfor Group Holdings Ltd, plan to sell bonds in China to raise a combined 18 billion yuan ($2.83 billion), the official registration system showed late on Wednesday, evidence Beijing is marginally easing liquidity strains on t...

Zog Energy becomes latest supplier to collapse

Zog Energy, which has about 11,700 domestic energy customers, ceased trading on Wednesday.

China aviation authority issues airworthiness directive on Boeing 737 MAX

BOEING-737MAX-CHINA:China aviation authority issues airworthiness directive on Boeing 737 MAX

22 Side Gigs That Can Make You Richer Than a Full-Time Job

Boeing drives S&P, Dow futures higher after Omicron drubbing

By Devik Jain (Reuters) - Futures tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker Boeing and travel stocks, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. Boeing Co gained 4.5% in premarket trading after China's aviation authority issued an ...

TSB to close another 70 branches by July

The bank had 475 branches just over a year ago, but a fresh round of closures will leave it with 220.

Global stocks rally set to moderate next year, correction likely - Reuters poll

By Hari Kishan BENGALURU (Reuters) - Global stocks will shake off recent weakness and rise over the next 12 months but at a more tempered pace than this year's rally, found a Reuters poll of equity analysts who also said a correction was likely in the next six months. Uncertainty around the virulence of the Omicron coronavirus variant and its abi...

25 Senior Discounts To Help Stretch the Holiday Budget

The holidays can be a notoriously expensive time between traveling to see family, buying gifts for loved ones and prepping holiday meals. Fortunately, several retailers, grocery chains, airlines and...

Omicron will likely 'dominate and overwhelm' the world in 3-6 months, doctor says

The new Covid variant omicron will likely "overwhelm the whole world" in the coming months, according to Singapore doctor Leong Hoe Nam.

The Secrets Behind These 10 Popular Costco Products

Costco has 817 warehouses and 111.6 million member cardholders worldwide, with many widely popular products. Find out here the secrets behind your favorites.

China issues draft rules requiring e-cigarette firms obtain licences

SHANGHAI (Reuters) -China's tobacco regulator issued on Thursday draft rules governing e-cigarettes, moving the product away from a regulatory grey area and under the oversight of the state. The State Tobacco Monopoly Administration's draft rules follow China's cabinet last week amending its tobacco monopoly law to include e-cigarettes. According t...

7 Simple Tips for How to Invest for Retirement

These basic steps will help keep your retirement planning on track.

Firms opting for small Christmas parties this year

Companies are deciding against holding a big bash in favour of allowing small, optional gatherings.

20 Things You Should Always Stockpile

You don't need a year's supply of toilet paper to survive an outbreak, but consider stocking up on these items.

Marketmind: Vol takes a toll

A look at the day ahead from Sujata Rao. COVID fears, the approach of year-end and the Fed signalling policy tightening -- it's a recipe for turbulence and that's what we are seeing. The VIX, an equity volatility index dubbed Wall Street's fear gauge, has soared above 30%, double the placid levels of mid-November. The discovery of a single U.S. Omi...

The 10 Best Places To Buy a Vacation Home in 2021

If you've thought about buying a second home as a vacation property, now may be a good time to do so. According to a recent report by Redfin, second-home buyer demand is slowing down, which will open...

'My late mother's belongings were stuck in customs'

Consumer group Which? says people sending Christmas parcels to the EU need to be aware of the rules.

Grab debuts on Nasdaq following merger with Altimeter

Its common stock is expected to begin trading on 2 December. Grab revealed the company’s push to trade on Nasdaq, following its successful merge with Altimeter. The transaction was valued at $6.1b (US$4.5b), making it the largest ever for a Southeast Asian company. Starting December 2, the group’s common stock is expected to begin trading under the ticker symbol “GRAB.” “We truly believe this is Southeast Asia’s time to shine, and we hope that...

10 Things to Let Kids Pay for Themselves

You aren't doing your kids or grandkids any favors by buying everything they want. Let them pick up the tab for these items.

Family spending predicted to rise £1,700 a year

Monthly spend over Christmas expected to increase by £109, according to projections for BBC Panorama.

10 Easy and Free Ways to Find Peace When You’re Stressed Out

Stress relief is invaluable — and fortunately, you don't have to spend money on it.

6 Holiday Purchases That You Should Only Make at Costco

Your Costco membership can help you save year-round, but it can be especially handy during the holiday season. Check out these purchases to make at Costco.

Omicron pauses the return to economic normality

Uncertainty surrounding the new Covid variant is likely to linger into next year, weighing on growth.

Shops step in to supply cash as ATMs close

A scheme allowing shoppers to get cashback at the till will see rapid expansion in the next few weeks.

UK house prices return to double-digit growth

Annual house price growth hit 10% last month, according to the Nationwide Building Society.

Top 10 Inspiring Female CEOs of 2021

There are currently 30 female CEOs of S&P 500 companies -- a mere 6% of the top spots, according to Catalyst. And while women are continuing to break glass ceilings, it's clear they have a long...

Jaw-Dropping Stats About the State of Retirement in America

Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming -- it means being strategic and focused on saving...

Why It’s OK To Buy Yourself That Peppermint Moche Latte (and Other Little Splurges)

It's the holiday season and after the last two years we've had, a holiday-centric caffeine treat is much needed. Coffee can be the perfect complement to any day during the winter seasons. However,...

ViacomCBS's Shari Redstone says media company will focus on organic growth

By Dawn Chmielewski (Reuters) - ViacomCBS Inc Chair Shari Redstone, who in the past has hinted at more deals to bulk up the media empire, said on Wednesday the company will focus on organic growth and seek global expansion opportunities. In an interview during the Reuters Next conference, she said the company remained open to “always look at oppo...

Sustainable investors look for profits in fuzzy data

By Ross Kerber and Simon Jessop (Reuters) - Sustainability-focused investors believe a little effort can go a long way toward finding profitable opportunities buried in incomplete corporate environmental or social impact filings. That is according to several speakers on a panel at  the  Reuters Next conference, who described how they choose susta...

Gambling group Suncity's shares set to rise 6.1% after arrested chairman resigns

HONG KONG (Reuters) - Shares of Macau gambling group Suncity Group Holdings Ltd were set to rise 6.1% in resumed trade on Thursday after the company confirmed its chairman, who was arrested over alleged links to cross-border gambling, resigned. Alvin Chau, who is also the founder of Suncity, was arrested by Macau police on Sunday. Suncity's stock...

Italy in talks with EU to delay MPS privatisation beyond 2023 - sources

By Giuseppe Fonte ROME (Reuters) - Italy's Treasury is discussing with European Union authorities the possibility of extending by more than two years a 2021 deadline to cut Rome's 64% stake in ailing bank Monte dei Paschi di Siena (MPS), two sources told Reuters. Under the terms of a 5.4 billion euro ($6.12 billion) state bailout agreed with Brus...

China property market to keep cooling into H1 2022 on tight curbs: Reuters poll

By Liangping Gao BEIJING(Reuters) - China's property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed. The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in rec...

The Best and Worst Deals at Costco

Savvy Costco shoppers know how to make their membership cards pay them back and then some. But not everything is something you should buy at Costco -- or any wholesale club, for that matter. The...

Biden says US economy 'in strong shape'

The president says he is optimistic supply chains can cope with any disruption from Omicron.

Match settles legal fight with Tinder founders

Dating app Tinder's founders claimed in court that Match had undervalued the firm by $10bn in 2017.

Global markets fall after Moderna Omicron warning

Stock markets slide after Moderna boss casts doubt on vaccine effectiveness against new variant.