Today: September 22, 2024
Today: September 22, 2024

Finance

Americas|Business|Economy|Finance

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation

LATAM Airlines is preparing to list its shares on the New York Stock Exchange in a move that could fetch it a valuation of $8.5 billion, the company said on Thursday.

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation
Business|Finance

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees

Proxy advisory firm Glass Lewis said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board.

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees
Economy|Europe|Finance

ECB hawks open to September rate cut if data supports it, sources say

Even some of the European Central Bank's more hawkish policymakers are open to an interest rate cut in September, provided incoming data confirm that disinflation is continuing,

ECB hawks open to September rate cut if data supports it, sources say
Economy|Finance|Technology

Argentina looks to tame crypto market as money-laundering fears draw scrutiny

A new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets,

Argentina looks to tame crypto market as money-laundering fears draw scrutiny
Business|Finance|Stock Markets

Insurance broker TWFG's shares rise nearly 30% in market debut

Insurance broker TWFG's shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a

Insurance broker TWFG's shares rise nearly 30% in market debut
Economy|Finance

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says

The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
Economy|Finance

Foreign US Treasury holdings rise, Japan's stockpile shrinks

Foreign holdings of U.S.

Foreign US Treasury holdings rise, Japan's stockpile shrinks
Business|Economy|Finance

China's stubborn savers ignore inducements to spend as growth slows

Chinese consumer spending has failed to respond to government measures even though household deposits are slowing and banks have slashed interest rates, a sign risk-

China's stubborn savers ignore inducements to spend as growth slows
Business|Economy|Europe|Finance

UK clears Nationwide Building's $3.75 billion Virgin Money deal

Britain's competition regulator said on Friday it has cleared Nationwide Building Society's proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy Virgin Money UK.

UK clears Nationwide Building's $3.75 billion Virgin Money deal
Economy|Finance

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Economy|Finance

Big US bond managers steer clear of long-dated government debt

A number of U.S. bond managers at firms in charge of trillions of dollars of assets are steering clear of long-term U.S. government bonds as they expect fiscal

Big US bond managers steer clear of long-dated government debt
Economy|Finance|Stock Markets|Technology

Volatility resurfaces, tech outage rankles

A look at the day ahead in U.S. and global markets from Mike Dolan Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday with a global tech outage that's

Volatility resurfaces, tech outage rankles
Economy|Finance|Technology

Investors count on earning to calm $900 billion US tech rout

As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble in technology shares that has cooled this year’s U.S.

Investors count on earning to calm $900 billion US tech rout
Business|Economy|Finance

Berkshire sells around $1.48 billion Bank of America shares, filing shows

Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.

Berkshire sells around $1.48 billion Bank of America shares, filing shows
Business|Economy|Finance

UK cash usage falls to record low share of transactions in 2023

British consumers and businesses used cash in just 12% of transactions last year, a record low, although there was a rise in the small percentage of people who use

UK cash usage falls to record low share of transactions in 2023
Business|Europe|Finance

Vodafone sells further 10% stake in Vantage Towers for 1.3 billion euros

Britain's Vodafone said it sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion), bringing its ownership in a group which controls European mobile phone

Vodafone sells further 10% stake in Vantage Towers for 1.3 billion euros
Economy|Finance

Geopolitics is back to break markets' stride

Politics has toppled global markets from record peaks and over a turbulent few weeks stepped to the fore as investors confront the

Geopolitics is back to break markets' stride
Economy|Finance

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
Business|Economy|Finance

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase

Regional lender New York Community Bancorp said on Monday it had closed the sale of about $5.9 billion in mortgage warehouse loans to Wall Street giant JPMorgan Chase.

NYCB closes sale of about $6 billion mortgage warehouse loans to JPMorgan Chase
Americas|Economy|Finance

Deal on Brazil plan to tax super-rich off the table at G20, German sources say

An agreement on Brazil's proposal to tax the super-rich remains off the table as officials from the Group of Twenty (G20) countries meet in Rio de Janeiro this

Deal on Brazil plan to tax super-rich off the table at G20, German sources say
Business|Finance|Stock Markets|Technology

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say

Financial software maker OneStream, which is backed by private equity firm KKR, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday,

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say
Business|Economy|Finance

Big Chinese fund managers cap pay, claw back excess in 'common prosperity' push, sources say

Two of China's leading fund managers have capped staff's annual income and will claw back any excess, five people with direct knowledge of the

Big Chinese fund managers cap pay, claw back excess in 'common prosperity' push, sources say
Americas|Economy|Finance

US opens probe into 150,000 Stellantis vehicles over loss of motive power

The U.S.

US opens probe into 150,000 Stellantis vehicles over loss of motive power
Asia|Business|Finance|Stock Markets|Technology

Big tech in focus, Harris neutralizes Trump's lead in poll

A look at the day ahead in Asian markets by Alden Bentley Markets were subdued ahead of second quarter earnings from Alphabet and Tesla released after the close

Big tech in focus, Harris neutralizes Trump's lead in poll
Business|Finance

Estee Lauder names Akhil Shrivastava as CFO

Estee Lauder said on Tuesday insider Akhil Shrivastava will succeed Tracey Travis as the MAC lipstick maker's finance chief, following her decision to retire after 12 years in the role.

Estee Lauder names Akhil Shrivastava as CFO

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