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

Finance

Business|Europe|Finance

Swiss bank Julius Baer taps Goldman Sachs executive as CEO

Julius Baer on Tuesday named Goldman Sachs partner Stefan Bollinger its new CEO, as the Swiss private bank seeks to move on from the multi-million

July 23, 2024
Swiss bank Julius Baer taps Goldman Sachs executive as CEO
Finance|Technology

Cryptoverse: Like a bond with no yield? Investors split on ether ETFs

It may take a little more time for ether to edge out of bitcoin's shadow.

July 23, 2024
Cryptoverse: Like a bond with no yield? Investors split on ether ETFs
Economy|Finance

Digital tax talks in G20 spotlight as US tariff threat looms

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week

July 23, 2024
Digital tax talks in G20 spotlight as US tariff threat looms
Asia|Economy|Finance

China's rate cuts fail to revive iron ore and copper: Russell

China's first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would

July 23, 2024
China's rate cuts fail to revive iron ore and copper: Russell
Asia|Business|Economy|Finance

China firms issue record $14 billion convertible bonds as market revives

China's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates

July 23, 2024
China firms issue record $14 billion convertible bonds as market revives
Election|Europe|Finance

Tesla, Alphabet earnings take centre stage

A look at the day ahead in European and global markets from Tom Westbrook Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics

July 23, 2024
Tesla, Alphabet earnings take centre stage
Economy|Finance

Singapore seen keeping monetary policy unchanged amid inflation risks

Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook

July 23, 2024
Singapore seen keeping monetary policy unchanged amid inflation risks
Business|Finance|Technology

Cybersecurity firm Wiz calls off $23 billion deal with Google, memo says

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet on a reported $23 billion deal that would have made it the U.S. tech giant's largest-ever acquisition,

July 23, 2024
Cybersecurity firm Wiz calls off $23 billion deal with Google, memo says
Asia|Economy|Finance

China's loan collateral tweak will ease 'asset famine', state media says

China's central bank's decision to lower the collateral requirement for medium-term loans will alleviate the "asset famine" pressure on the bond market, state media reported on

July 23, 2024
China's loan collateral tweak will ease 'asset famine', state media says
Business|Finance|Technology

Computer parts maker Logitech lifts outlook after upbeat quarter

Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, after a strong performance across nearly all product categories

July 23, 2024
Computer parts maker Logitech lifts outlook after upbeat quarter
Economy|Finance

Yen advances for 2nd day ahead of BOJ meeting next week; dollar firmer

The yen rose for a second straight session against the dollar on Tuesday, boosted by comments from a senior Japanese politician about normalizing

July 23, 2024
Yen advances for 2nd day ahead of BOJ meeting next week; dollar firmer
Economy|Finance

Oil prices fall 2% to six-week low on ceasefire talks, demand concerns

Oil prices fell about 2% to a six-week low on Tuesday on rising expectations of a ceasefire in Gaza and growing concerns about demand in China.

July 22, 2024
Oil prices fall 2% to six-week low on ceasefire talks, demand concerns
Economy|Europe|Finance

German tax revenue rose 6.2% in June

Germany's federal and regional state governments' tax revenue rose strongly in June compared with the same month last year, the finance ministry said on Tuesday.

July 22, 2024
German tax revenue rose 6.2% in June
Asia|Economy|Finance

Stocks rebound with Biden out and election plays scrambled

By Alden Bentley A look at the day ahead in Asian markets by Alden Bentley.

July 22, 2024
Stocks rebound with Biden out and election plays scrambled
Business|Finance|Technology

Chip design software firm Cadence forecasts third-quarter results below estimates

Chip design software maker Cadence Design Systems forecast third-quarter revenue and profit below Wall Street estimates on Monday, indicating stiff competition from rival Synopsys.

July 22, 2024
Chip design software firm Cadence forecasts third-quarter results below estimates
Election|Finance|Political

Kamala Harris smashes fundraising record with stunning $81 million haul over 24 hours

Kamala Harris is smashing fundraising records as the Democratic Party’s donors — big and small — open their wallets for the vice president in the immediate aftermath of President Joe Biden's stunning decision to step aside

July 22, 2024
Kamala Harris smashes fundraising record with stunning $81 million haul over 24 hours
Business|Economy|Finance

US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal

U.S.-based private equity firm Stonepeak said it would buy New Zealand's Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider's shares up nearly

July 21, 2024
US private equity firm Stonepeak to acquire NZ's Arvida Group in $746 million deal
Economy|Finance

Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury

– Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S.

July 22, 2024
Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury
Business|Entertainment|Finance

Theater chain AMC reaches new debt restructuring deal, shares surge

AMC Entertainment Holdings has reached an agreement with creditors to extend the maturity of up to $2.45 billion of its debt, the theater chain said on Monday, sending its shares up 12.6%

July 22, 2024
Theater chain AMC reaches new debt restructuring deal, shares surge
Business|Economy|Finance|Technology

Insurers to see limited hit from CrowdStrike disruption, Fitch says

The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike's glitchy security software update that disrupted

July 22, 2024
Insurers to see limited hit from CrowdStrike disruption, Fitch says
Europe|Finance|Stock Markets

France urges Europe to step up work on faster stock market settlements

The Bank of France and the country's financial market regulator urged Europe on Monday to step up work on halving the time needed to settle a stock trade, which would allow Europe to

July 22, 2024
France urges Europe to step up work on faster stock market settlements
Business|Europe|Finance

Barclays tries to slash UK investors' $720 million 'dark pool' lawsuit

Barclays on Monday asked London's High Court to more than halve a shareholders' lawsuit worth up to 560 million pounds ($720 million) accusing the British bank of

July 22, 2024
Barclays tries to slash UK investors' $720 million 'dark pool' lawsuit
Economy|Finance

G20 finance ministers meet to seek consensus before US election

Finance ministers and central bankers from the Group of 20 meet this week to seek consensus on economic policy ahead of the U.S. election, with

July 22, 2024
G20 finance ministers meet to seek consensus before US election
Economy|Election|Finance|Political

US bond market reacts to Biden's exit with 'Trump trade' reversal

U.S. government bond investors on Monday unwound some of the trades that were put in place on expectations of a second U.S. presidency of Republican Donald

July 22, 2024
US bond market reacts to Biden's exit with 'Trump trade' reversal
Business|Finance|Stock Markets

Berkshire Hathaway cuts stake in China's BYD to below 5%

Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric

July 22, 2024
Berkshire Hathaway cuts stake in China's BYD to below 5%

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