Today: September 19, 2024
Today: September 19, 2024

Finance

Business|Economy|Finance

The strike could cost Boeing more than $1 billion. But that could be the least of its problems

The strike could cost Boeing more than $1 billion. But that could be the least of its problems

The strike could cost Boeing more than $1 billion. But that could be the least of its problems
Business|Finance

Boeing to pay Embraer $150 million for withdrawal from tie-up talks

Boeing will pay Embraer a gross amount of $150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said on Monday.

Boeing to pay Embraer $150 million for withdrawal from tie-up talks
Business|Economy|Finance

Citigroup sells trust services unit to JTC for $80 million

Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million.

Citigroup sells trust services unit to JTC for $80 million
Business|Europe|Finance|News

ECB policymakers make case for rate cuts but differ on signals

The European Central Bank should keep cutting interest rates gradually, its chief economist said on Monday, but its policymakers expressed differing views on how to signal their

ECB policymakers make case for rate cuts but differ on signals
Economy|Finance|Stock Markets

Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF

Foreign investors ploughed a net $30.9 billion into emerging market stocks and debt portfolios in August as markets continue to position for an imminent rate cut from the

Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF
Business|Europe|Finance

Commerzbank snubs overtures for UniCredit takeover

The chief executive of Germany's Commerzbank snubbed overtures for a takeover by Italy's UniCredit, saying on Monday he had his own plans for the bank

Commerzbank snubs overtures for UniCredit takeover
Economy|Finance

Norway central bank to keep rates on hold this week, cut in December- Reuters poll

Norway's central bank will keep its key policy interest rate unchanged this week at a 16-year high of 4.50%, all 27 economists in a Reuters poll said, as investors look for signs of

Norway central bank to keep rates on hold this week, cut in December- Reuters poll
Business|Economy|Finance|Stock Markets

S&P inches up, Nasdaq declines as tech weighs ahead of Fed decision

The S&P 500 eked out a slight gain in a subdued session while the Nasdaq fell on Monday, weighed down by a drop in technology stocks as investors assessed the

S&P inches up, Nasdaq declines as tech weighs ahead of Fed decision
Business|Environment|Europe|Finance

Credit Agricole CIB chooses carbon trading over gold, sources say

France's second largest listed bank Credit Agricole has decided to replace precious metals with trading in the regulated carbon markets starting from 2025, three

Credit Agricole CIB chooses carbon trading over gold, sources say
Economy|Finance

Central bank body BIS urges cenbanks not to squander interest rate buffers

The Bank for International Settlements has urged top central banks not to squander the interest rate buffers they have rebuilt over the last couple of years by now

Central bank body BIS urges cenbanks not to squander interest rate buffers
Business|Economy|Finance

The Fed is finally about to cut interest rates. What took so long?

The Fed is finally about to cut interest rates. What took so long?

The Fed is finally about to cut interest rates. What took so long?
Africa|Economy|Finance

Kenya begins national debt audit, finance minister says

Kenya's auditor general has started to examine the country's debt to ascertain the amounts owed to various creditors, Finance Minister John Mbadi told Reuters on Monday.

Kenya begins national debt audit, finance minister says
Business|Economy|Finance

Here’s what you should know about buying a home ahead of a likely interest rate cut

Here’s what you should know about buying a home ahead of a likely interest rate cut

Here’s what you should know about buying a home ahead of a likely interest rate cut
Business|Finance

Titanic builder Harland & Wolff to appoint administrators as debt woes deepen

Harland & Wolff said on Monday it plans to appoint administrators in the coming days as the company known for building the Titanic struggles with a debt crisis.

Titanic builder Harland & Wolff to appoint administrators as debt woes deepen
Business|Economy|Finance

A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger

Washington state is in court to try to block a proposed merger between Albertsons and Kroger

A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger
Business|Economy|Finance

Target to hire 100,000 seasonal employees, launches early holiday promotions

Target said on Monday it would employ about 100,000 seasonal workers this holiday season, in line with the last three years, even as inflation-weary shoppers are expected to stay frugal

Target to hire 100,000 seasonal employees, launches early holiday promotions
Economy|Finance

Canadians still feeling the economic pain despite three early rate cuts

Despite three interest rate cuts since June, Canadian consumers still appear to be feeling more stressed than their neighbors in the U.S., where the Federal

Canadians still feeling the economic pain despite three early rate cuts
Business|Economy|Europe|Finance

ECB should wait until Dec with next rate cut, Kazimir says

The European Central Bank should almost certainly wait until December before cutting interest rates again to be certain it is not making a policy mistake in easing too quickly,

ECB should wait until Dec with next rate cut, Kazimir says
Asia|Business|Finance

Asian bonds attract massive inflows in August on Fed easing hopes

Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September.

Asian bonds attract massive inflows in August on Fed easing hopes
Business|Economy|Finance

Trafigura appoints Jiri Zrust as Global Head of Operational Assets

Global commodity trading house Trafigura has announced it will appoint Jiri Zrust to the newly opened role of Global Head of Operational Assets.

Trafigura appoints Jiri Zrust as Global Head of Operational Assets
Business|Finance

Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic gas pipeline

Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday.

Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic gas pipeline
Asia|Business|Economy|Finance

Thailand is studying $9 billion infrastructure fund, finance minister says

Thailand is looking into setting up an infrastructure fund worth 300 billion baht ($9 billion) to invest in train projects, the finance minister said on Monday.

Thailand is studying $9 billion infrastructure fund, finance minister says
Business|Economy|Europe|Finance

European shares end marginally lower on tech drag; Fed in focus

Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the index, while the focus remained on the U.S

European shares end marginally lower on tech drag; Fed in focus
Business|Finance

Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs

Banks, insurance and trading firms returned to favour as hedge funds last week snapped up these company stocks at the fastest pace since June 2023, a Goldman Sachs

Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs
Finance|Technology

Thailand expects less than 40 million to join handout scheme, official says

Thailand expects less than 40 million people to sign up for its flagship digital wallet handout scheme, with the first phase set to be distributed to 14.5 million vulnerable people

Thailand expects less than 40 million to join handout scheme, official says

Follow