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Tank maker IPO shelving delays valuation reckoning

By Pierre BrianconFrench-German group KNDS pulled its listing, blaming market volatility. Its German family co-owner may have balked at a mere €12 bln value. But with defence stocks plateauing and Paris and Berlin set as co-owners, holding out may not fetch much more.Full view will be published sho…

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StocksDEFR
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Beijing identifies pilot killed in crash into city's tallest building

The pilot killed when a plane crashed into Beijing's tallest building last Friday was a 66-year-old man surnamed Liu, Beijing's Chaoyang district government said on Thursday, as officials seek to end speculation about the incident.Without identifying the 108-storey CITIC Tower, headquarters of one…

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Irish Q1 GDP drop revised to 7%, domestic growth remains

Growth in Ireland's domestic economy during the first three months of 2026 was revised on Thursday to 0.3% quarter-on-quarter from 0.6% previously while the much more volatile gross domestic product (GDP) was marked down to -7.0% from -12.1%.With Ireland's large multinational sector often distortin…

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Economy
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Wall Street's aging bull meets an 'everlasting' US expansion: Mike Dolan

By Mike DolanOf the many extraordinary aspects of the morphing U.S. economy, none stands out more than its escape from significant cyclical recession since mid-2009 — a roughly 17-year run that has compounded the stock market boom and eased funding for the AI transformation.This is hardly the "Grea…

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Economy
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How will Americans celebrate the nation's 250th anniversary on July 4?

Many Americans will celebrate the country's 250th anniversary on July 4 by grilling food or going to a parade, but a significant slice doesn't think the holiday is very important at all, according to a recent Reuters/Ipsos poll.Following are highlights of how they plan to spend the Independence Day…

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In Clifford Chance pay dispute, a rare look inside a law firm partnership agreement

By Sara RandazzoHow much financial pain can a law firm inflict on a partner who jumps to a competitor?A new lawsuit filed this week by two former Clifford Chance partners is bringing that question to the fore.The complaint and exhibits, filed in federal court in New York, lay out in compelling deta…

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Mapping the Market: After June stumble, S&P 500 bulls may see a path higher

By Terence GabrielThe S&P 500 suffered its first monthly decline since March last month, but the broader picture still offers plenty of reasons for optimism.Click here for a more detailed chart.Despite the June setback, the benchmark U.S. stock index surged more than 14% in the second quarter — its…

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index
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Progressive surge complicates Democrats’ midterms focus on prices

By Tim Reid and Helen CosterDemocrats head into November’s midterm elections with potential advantages, including the unpopularity of President Donald Trump and voter anger with Republicans over high prices.But a string of primary victories by left-wing Democrats could complicate party leaders' eff…

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EconomyStocksUS
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Trump biofuel goals hit reality as US plants lag

By Siddharth Cavale and Jarrett RenshawPresident Donald Trump's effort to boost production of bio-based diesel and deliver on promises to farmers and rural communities is colliding with a market reality: U.S. plants are not keeping up with his targets.The production gap carries political and econom…

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Economy
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US Supreme Court supercharges its 'shadow docket,' dividing the justices

By Andrew ChungWhen the U.S. Supreme Court issued its ruling defending the Federal Reserve from political interference, it not only prevented President Donald Trump from firing one of the central bank's governors, it also highlighted growing unease among the justices about the use of their ever-exp…

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Bonds
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US beef prices stay red-hot for summer cookouts

By Tom PolansekU.S. grill masters and home chefs face sizzling beef prices for summer cookouts as drought and wildfires have discouraged ranchers from expanding cattle supplies that are at their lowest levels in 75 years.The record-high beef prices have strained the wallets of U.S. consumers who al…

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Futures