By Lucia Mutikani WASHINGTON (Reuters) -U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy. Relief for manufacturers is unlikely to come soon as the University of Michigan’s Surveys…
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop…
By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran said on Wednesday that easing financial firms’ regulatory burden could allow the U.S. central bank to shrink the size of its balance sheet again in the future. “As we make more progress peeling back regulations, I expect the optimal level of reserves may drop below…
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed sharply higher on Friday as rising expectations of a December interest rate cut by the Federal Reserve offset concerns over lofty tech valuations. A broad rally started gathering momentum by late morning, pushing all three major U.S. stock indexes to substantial gains on the day….
(Reuters) -Eli Lilly said on Friday it plans to roll out an employer-focused obesity care model early next year, aiming to expand access to its blockbuster weight-loss drug through partnerships with third-party firms. The program would give employers flexible cost-sharing options and integrate clinical support, Lilly said, bypassing traditional drug sales channels. “Obesity care is…
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By Sarah N. Lynch WASHINGTON (Reuters) -Months before the U.S. military began launching airstrikes against suspected drug vessels, former Justice Department No. 2 official Emil Bove told employees the government should just “sink the boats” rather than prosecute the people on board, three witnesses told Reuters. Bove, the former acting deputy attorney general, made similar…
By Marina Bobrova and Anton Kolodyazhnyy MOSCOW (Reuters) -Russian President Vladimir Putin said on Friday that U.S. proposals for peace in Ukraine could be the basis of a resolution of the conflict but that if Kyiv turned down the plan then Russian forces would advance further. U.S. President Donald Trump said he was giving Ukraine…
By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China’s nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, the private REIT market, restricted to professional investors, has…
(Reuters) -Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on Thursday that contemplates future oil leasing in the eastern portion of the Gulf of…
