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Boeing freezes hiring, weighs furloughs as strike enters fourth day

UPDATE 3-Boeing freezes hiring, weighs furloughs as strike enters fourth day Boeing union workers rejected labor deal last week Negotiations due to restart Tuesday, union says Union members angry about decade of wage stagnation Boeing battling jet production, debt crises Adds analyst comment and estimates on daily losses, detail on supply chain impact By Joe Brock, Allison Lampert and David Shepardson SEATTLE, Sept 16 (Reuters) - Boeing is freezing hiring and weighing temporary furloughs to cut
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Boeing strike enters fourth day as fresh talks loom

Boeing strike enters fourth day as fresh talks loom Boeing union workers rejected labor deal last week Negotiations due to restart Tuesday, union says Union members angry about decade of wage stagnation Boeing battling jet production, debt crises By Joe Brock SEATTLE, Sept 16 (Reuters) - A strike by more than 30,000 Boeing BA.N workers who build planes in factories on the U.S.
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Moody's revises Greece's outlook to 'positive', maintains ratings at 'Ba1'

UPDATE 1-Moody's revises Greece's outlook to 'positive', maintains ratings at 'Ba1' Adds details from Moody's report and background throughout Sept 13 (Reuters) - Credit ratings agency Moody's revised its outlook on Greece to "positive" from "stable" on Friday, citing a healthier banking sector and a better-than-expected economic performance. The agency also affirmed its rating for Greece at 'Ba1'.
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Ratings agencies warn of downgrade if Boeing strike drags on

REFILE-UPDATE 3-Ratings agencies warn of downgrade if Boeing strike drags on Corrects to fix syntax in headline By Shivansh Tiwary Sept 13 (Reuters) - Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's BA.N factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt.
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Boeing and union negotiators to resume talks next week amid strike, federal mediators say

UPDATE 14-Boeing and union negotiators to resume talks next week amid strike, federal mediators say About 30,000 workers in Seattle and Portland areas on strike Boeing already wrestling with output delays, high debt Strike poses a challenge for new CEO Kelly Ortberg Shares down 3.7% Recasts with plan to resume talks By Joe Brock and David Shepardson SEATTLE, Sept 13 (Reuters) - Boeing BA.N and union negotiators will return to the bargaining table early next week, U.S.
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ECB delivers second rate cut of the year

INSTANT VIEW-ECB delivers second rate cut of the year Updates with fresh commentary LONDON, Sept 12 (Reuters) - The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues about its next step, even as investors bet on steady policy easing in the months ahead. The ECB cut its deposit rate by 25 basis points (bps) to 3.50%, as expected, following a similar cut in June, as inflation is now within striking distance of it
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ECB delivers second rate cut of the year

INSTANT VIEW-ECB delivers second rate cut of the year Updates with latest comments, prices LONDON, Sept 12 (Reuters) - The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues about its next step, even as investors bet on steady policy easing in the months ahead. The ECB cut its deposit rate by 25 basis points (bps) to 3.50%, as expected, following a similar cut in June, as inflation is now within striking distanc
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ECB delivers second rate cut of the year

INSTANT VIEW-ECB delivers second rate cut of the year LONDON, Sept 12 (Reuters) - The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues about its next step, even as investors bet on steady policy easing in the months ahead. The ECB cut its deposit rate by 25 basis points (bps) to 3.50%, as expected, following a similar cut in June, as inflation is now within striking distance of its 2% target and the domestic e
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Fitch downgrades China Vanke for third time this year

UPDATE 1-Fitch downgrades China Vanke for third time this year Adds details from Fitch's statement and background in paragraphs 3-6 Sept 12 (Reuters) - Ratings agency Fitch on Thursday downgraded property giant China Vanke's 2202.HK 000002.SZ long-term foreign- and local-currency issuer default ratings for the third time this year as a debt crisis continues to weigh on China's real estate sector.
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Vedanta Resources raises $900 million via dollar bonds

Vedanta Resources raises $900 million via dollar bonds BENGALURU, Sept 11 (Reuters) - UK-based Vedanta Resources, parent of India's Vedanta VDAN.NS , has raised $900 million in its first dollar bond issue in more than two years at a coupon of 10.875%, the miner said on Wednesday. The proceeds will be used to repay Vedanta's existing bonds and related transaction costs, the company said.
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Orcel uses hammer to unpick UniCredit-Commerz lock

BREAKINGVIEWS-Orcel uses hammer to unpick UniCredit-Commerz lock The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Sept 11 (Reuters Breakingviews) - Andrea Orcel is taking the blunt approach to a potential deal with Commerzbank CBKG.DE . The boss of 60-billion-euro UniCredit CRDI.MI has snapped up a 9% stake in his 15-billion-euro Frankfurt-based rival, which looks a prelude to a full takeover proposal.
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Australia's Premier Investments falls most in 4-1/2 years after retail arm's sales miss

BUZZ-Australia's Premier Investments falls most in 4-1/2 years after retail arm's sales miss Updates ** Shares of Premier Investments PMV.AX fall as much as 8.1% to A$32.35, posting their biggest intraday pct drop since April 2, 2020 ** Stock hits its lowest level since Aug 15; down 4.8% at A$33.52 as of 0243 GMT ** Fashion retailer posts FY24 tota
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listed Yancoal climbs on index inclusion

BUZZ-HK-listed Yancoal climbs on index inclusion ** Hong Kong-listed shares of Yancoal Australia Ltd 3668.HK climb 2.5% to HK$28.75, on track to snap three straight sessions of decline, if gains hold ** Yancoal YAL.AX says it will be added to S&P/ASX 200 and S&P/ASX 300 indexes from Sept 23, following S&P Dow Jones Indices' September quarterly revi
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Australia's Premier Investments tumbles as retail brands forecast misses consensus

Australia's Premier Investments tumbles as retail brands forecast misses consensus By Archishma Iyer Sept 9 (Reuters) - Shares of Australia's Premier Investments PMV.AX fell 8% on Monday and were on track for their worst session in more than four years, after preliminary annual results showed that the company's retail brand earnings fell short of market estimates.
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Australia's Premier Investments falls most in 4-1/2 years after retail arm's sales miss

BUZZ-Australia's Premier Investments falls most in 4-1/2 years after retail arm's sales miss ** Shares of Premier Investments PMV.AX fall as much as 8.1% to A$32.35, their biggest intraday percentage decline since April 2, 2020 ** Stock hits its lowest level since Aug 15 ** The fashion retailer posts FY24 total global retail sales for Premier Retai
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Stocks calmed as action switches to rates, jobs

MORNING BID AMERICAS-Stocks calmed as action switches to rates, jobs A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks look to have weathered the early September squall for now but interest rate speculation and ebbing bond yields now take center stage as evidence mounts of slowing U.S. labor market . Futures markets now see almost a 50-50 chance of a 50 basis point Federal Reserve rate cut this month and two-year Treasury yields US2YT=RR plumbed 3.75% on Thursday for
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Sterling steady after upbeat UK services sector data

Sterling steady after upbeat UK services sector data Sept 4 (Reuters) - Sterling held steady on Wednesday after a survey showed Britain's services activity grew last month at the fastest pace since April, adding to signs of momentum in the economy. The pound GBP=D3 was flat at $1.3115, hovering near a two-week low touched in the prior session. The currency has eased somewhat after a stunning rally in August that pushed it to its strongest level in more than two years.
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UK services activity at four-month high in August, PMI shows

UK services activity at four-month high in August, PMI shows LONDON, Sept 4 (Reuters) - Britain's services activity grew last month at the fastest pace since April and price pressures eased, according to a survey that pointed to a more benign inflation outlook and a settling of the economy after July's elections. The S&P Global UK Services Purchasing Managers Index rose in August to 53.7 from 52.5 in July, above a preliminary estimate of 53.3. The survey added to signs of an upturn for business
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Wall Street Journal - Sept 4

PRESS DIGEST - Wall Street Journal - Sept 4 Sept 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Japanese software developer Fuji Soft 9749.T said it has received a counteroffer proposal from Bain Capital and would consider it if the U.S. private-equity firm submits a binding offer.
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S&P Global Ratings Reaches Settlement With SEC

BRIEF-S&P Global Ratings Reaches Settlement With SEC Sept 3 (Reuters) - S&P Global Inc SPGI.N : S&P GLOBAL RATINGS REACHES SETTLEMENT WITH SEC S&P GLOBAL INC - SPGR AGREED TO PAY A PENALTY OF USD 20 MILLION AS PART OF RESOLUTION. S&P GLOBAL INC - IN SEC'S ORDER, SEC RECOGNIZED S&P GLOBAL RATINGS REMEDIAL ACTS AND ITS COOPERATION WITH SEC STAFF. Sou
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