Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais ($2.89 billion) in
November 18, 2024
Goldman Sachs said on Monday it is looking to spin out a blockchain-based technology platform designed to streamline institutional trading and reduce settlement times.
November 18, 2024
Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank
November 18, 2024
Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for
November 18, 2024
Walmart shares are set for their best yearly gains in over two decades as the retail behemoth's low prices for everyday essentials give it an edge over competitors
November 18, 2024
Insurance costs are rising quickly across much of the country. Hurricanes are part of the reason, but it’s the other perils common across the Midwest and Great Plains that complicate costs.
November 18, 2024
Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.
November 18, 2024
The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more funds for infrastructure projects and
November 18, 2024
Brazil's finance ministry raised its inflation forecasts for this year but expects inflation to remain within the official target band, in contrast to a more
November 18, 2024
India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy
November 18, 2024
Funding for a climate-friendly farming effort led by the U.S. and United Arab Emirates has reached $29.2 billion, the countries announced on Monday at the COP29 climate
November 18, 2024
The National Highway Traffic Safety Administration said on Monday it has opened two new investigations into Ford recalls, the latest scrutiny by U.S.
November 18, 2024
UK's FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed
November 18, 2024
CVS Health added Glenview Capital's top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its
November 18, 2024
European Central Bank policymaker Gabriel Makhlouf said it would be premature to start making decisions on what a new U.S. administration might do when asked if Donald Trump's
November 18, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and
November 18, 2024
The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the
November 18, 2024
Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and
November 18, 2024
Spirit Airlines files for bankruptcy
November 18, 2024
Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign
November 18, 2024
The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump's victory in the U.S.
November 18, 2024
Investors who have been rewarded for
November 18, 2024
Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed
November 18, 2024
Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.
November 18, 2024
China's fiscal revenue in the first 10 months of 2024 fell by 1.3% from a year earlier, narrowing from a 2.2% decline in the January-September period, the finance ministry data
November 18, 2024
Ukraine's gross domestic product grew by 4.2% year-on-year from January to October fueled by expansion in the construction, transport and processing industries, the economy ministry
November 18, 2024
European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European
November 18, 2024
Australia's central bank has found no evidence that monetary policy is more potent in the country than elsewhere given households have ways to manage interest rate risks, even
November 18, 2024
India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices,
November 18, 2024
United Nations climate talks resumed Monday with negotiators urged to make progress on a deal that could see developing countries get more money to spend on clean energy and adapting to climate-charged weather extremes
November 18, 2024
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power.
November 18, 2024
Australia's competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus' A$5.25 billion ($3.39 billion) takeover of local telecom
November 18, 2024
A look at the day ahead in European and global markets from Wayne Cole.
November 18, 2024
French farmers have escalated their protests against the EU-Mercosur trade agreement under negotiation
November 18, 2024
Most U.S. stocks ticked higher to recover some of their sharp slide from last week
November 18, 2024
A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty
November 18, 2024
China's Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month and lowered its cash
November 18, 2024
Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future
November 18, 2024
Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been
November 18, 2024
President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York
November 18, 2024
Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,
November 18, 2024
China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with
November 18, 2024
The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was
November 17, 2024
Australia's corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank, the country's second-largest lender, for failing to respond to hundreds of
November 17, 2024
A look at the day ahead in Asian markets.
November 17, 2024
The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and
November 17, 2024
Pakistan discussed its $7 billion bailout reform agenda with the International Monetary Fund during an unscheduled staff visit last week, Finance Minister
November 17, 2024
Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.
November 17, 2024
The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
November 17, 2024
Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union
November 16, 2024
Elon Musk wants Trump to disrupt Wall Street with his Treasury pick
November 16, 2024
President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary after his second administration begins in January
November 16, 2024
Trump made a lot of tax promises. Can he keep them?
November 16, 2024
Kamala Harris and the Democratic Party’s prodigious fundraising operation raised more than $1 billion in her loss to Donald Trump, but the vice president is still pushing donors for more money after the election
November 16, 2024
If you haven’t been car shopping in a while, brace yourself
November 16, 2024
7 ways a Trump administration could affect your finances
November 16, 2024
Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award
November 16, 2024
Hundreds of activists formed a human chain outside one of the main plenary halls at the United Nations climate summit on what is traditionally their biggest protest day during the two-week talks
November 16, 2024
The International Monetary Fund (IMF) said on Friday it held constructive talks with authorities in Pakistan on economic policy and reform efforts to reduce vulnerabilities
November 16, 2024
Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion
November 16, 2024
The projected cost of the Buffalo Bills' new stadium has ballooned to what team officials told The Associated Press is “north of $2_1 billion.”
November 16, 2024
Ratings agency S&P revised South Africa's outlook to "positive" from "stable" on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup
November 15, 2024
Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-
November 15, 2024
S&P Global Ratings revised Ireland's outlook to "positive" from "stable" on Friday, citing extraordinary overperformance in corporate tax receipt collections, while peer agency Fitch
November 15, 2024
A federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand federal overtime eligibility for salaried workers
November 15, 2024
Bitcoin enthusiasts meeting in El Salvador on Friday said a recent surge in the cryptocurrency's value since Donald Trump's U.S. election
November 15, 2024
Trump Media & Technology Group's key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.
November 15, 2024
Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire's
November 15, 2024
Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez de la
November 15, 2024
Intrum, Europe's biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt.
November 15, 2024
Shares of defense companies and government contractors were lower on Friday, extending recent losses amid uncertainty surrounding President-elect Donald Trump's proposed
November 15, 2024
Hedge funds including Millennium Management, Capula Management and Tudor Investment increased their exposure to U.S. spot bitcoin exchange-traded funds in the
November 15, 2024
A New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions
November 15, 2024
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday signaled he feels the U.S. central bank will likely end up cutting the policy rate by another quarter of a percentage
November 15, 2024
A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy
November 15, 2024
Nvidia Corp's results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and
November 15, 2024
A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric
November 15, 2024
Compass Minerals is in talks with private-equity firms to sell itself, three sources familiar with the matter said, after an aborted lithium-mining
November 15, 2024
The Mexican government expects to transfer 136 billion pesos ($6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet its debt and loan
November 15, 2024
A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Amazon.com and Elon Musk's SpaceX in a
November 15, 2024
Larry Kudlow has no plans to leave his broadcast job, Fox Business said on Friday, after various reports circulated that he might take back his old position as a senior economic adviser in
November 15, 2024
Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as
November 15, 2024
Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered by big names such as 3M, General
November 15, 2024
Billionaire entrepreneur Elon Musk expanded his lawsuit against ChatGPT maker OpenAI, adding federal antitrust and other claims and adding OpenAI's largest financial
November 15, 2024
Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects
November 15, 2024
U.S. business inventories increased less than expected in September as a rise in stocks at retailers was partially offset by declines at manufacturers and wholesalers.
November 15, 2024
Tunisia's economy grew by 1.8% year-on-year in third quarter of 2024, driven by the growth of the agricultural sector, the country's statistics institute said on Friday.
November 15, 2024
Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”
November 15, 2024
A lawsuit accusing Elon Musk of rigging dogecoin is ending.
November 15, 2024
Foreign investors sold out of emerging market stocks in October by the most since the COVID-19 market sell-off in early 2020, but inflows to EM bonds and debt more than
November 15, 2024
Swedish battery maker Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped
November 15, 2024
Billionaire Mukesh Ambani's Reliance has asked India's telecom regulator to review the potential reach of Elon Musk's Starlink and Amazon's
November 15, 2024
JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London's Canary Wharf
November 15, 2024
Russia's leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core
November 15, 2024
Canadian home sales rose 7.7% in October from the previous month and were up 30% on an annual basis, adding to the rise in activity since the Bank of Canada began cutting interest
November 15, 2024
Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system.
November 15, 2024
Canadian factory sales fell by 0.5% in September from August on lower sales of petroleum and coal products, as well as aerospace product and parts, Statistics Canada said on Friday.
November 15, 2024
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack of progress lowering inflation in recent months.
November 15, 2024
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market
November 15, 2024
Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, two sources familiar with the matter
November 15, 2024
Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S.
November 15, 2024
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth
November 15, 2024
The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday
November 15, 2024
Mexico's outlook was moved to negative from stable by Moody's Ratings on Thursday, as the major credit rating agency pointed to institutional and policy weakening that risks
November 15, 2024
Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S.
November 15, 2024
Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for
November 15, 2024
Alibaba Group Holding missed analysts' estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in
November 15, 2024
The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from
November 15, 2024
The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain's economy contracted unexpectedly in September.
November 15, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal
November 15, 2024
Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns
November 15, 2024
Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".
November 15, 2024
Increased protectionism of U.S. trade policy would be extremely harmful to both the United States and to Europe, European Economic Commissioner Paolo Gentiloni said on Friday.
November 15, 2024
Private equity firm KKR has raised its tender offer price for Fuji Soft by 7% to 9,451 yen ($60.86) a share, the Japanese software developer said on Friday, narrowly surpassing a
November 15, 2024
Global equity funds saw the largest weekly net purchases in over a decade in the week to Nov. 13, driven by investor optimism that a decisive second-term mandate for Donald Trump would
November 15, 2024
Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump's recent victory in the U.S. presidential election, despite
November 15, 2024
Big global investors are exiting popular trades that bet on U.S.
November 15, 2024
Euro zone economic growth will pick up in 2025 and 2026 and inflation will slow, the European Commission forecast on Friday, but warned a protectionist U.S.
November 15, 2024
Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year
November 15, 2024
No 401(k)? An alternative has helped US workers save more than $1.7 billion
November 15, 2024
Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Donald Trump's U.S. presidential election win, with
November 15, 2024
Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S.
November 15, 2024
A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat the natural disaster and
November 15, 2024
Shares of major U.S. drugmakers fell on Friday after President-elect Donald Trump picked anti-vaccine activist Robert F.
November 15, 2024
Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday, an early set back for finance minister
November 15, 2024
Foreigners sold off most Asia ex-China bond markets in October as they were cautious ahead of the U.S. presidential election.
November 15, 2024
Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and
November 15, 2024
A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond forecasts after a
November 15, 2024
Eli Lilly said on Thursday it sued the federal Health Resources and Services Administration (HRSA) over allegedly blocking the company's plan to change the way it offers drug discounts to
November 15, 2024
Japan's core consumer inflation likely cooled for the second straight month in October on slower growth in energy prices, a Reuters poll showed on Friday.
November 15, 2024
New capacity for converting bauxite into alumina due online next year is set to ease tight supplies and potentially halt a record-breaking price
November 15, 2024
Malaysia's economic growth slowed in the third quarter - after reaching an 18-month high in the previous quarter - as a drop in oil and gas output offset a
November 15, 2024
Canada's Industrial Relations Board (CIRB) ordered a resumption of operations at the Port of Montreal from Saturday morning, the port's employers association said, after the federal
November 15, 2024
Indonesia reported stronger-than-expected export and import growth in October, amid strong agriculture shipments, official data showed on
November 15, 2024
China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though
November 15, 2024
China's property investment fell at a faster pace from January to October but sales narrowed the slump, showing policy stimulus is starting to inject
November 15, 2024
China's new home prices fell the most year-on-year in October since 2015, but a narrowing monthly rate of declines suggested the property sector was
November 15, 2024
Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S.
November 15, 2024
Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya on Monday, the BOJ said, an event that will be
November 15, 2024
A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S.
November 15, 2024
General Motors' self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 criminal
November 15, 2024
The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate
November 15, 2024
Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan's Diamond Online magazine reported that activist investor Oasis Management had taken a stake in
November 15, 2024
Japan's economy expanded by an annualised 0.9% over the July-September quarter, government data showed on Friday, slowing from the previous
November 14, 2024
A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex
November 14, 2024
Bristol Myers Squibb was hit on Thursday with a $6.7 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for three drugs, 1-1/2 months
November 14, 2024
Chinese President Xi Jinping said on Thursday during talks with Peru's Dina Boluarte in Lima that China is willing to take the Chancay port, built and controlled by Chinese state-
November 14, 2024
Three prominent investment firms bet changes are in the offing at ailing healthcare giant CVS Health and added to existing bets and established a new
November 14, 2024
Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad
November 14, 2024
Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026.
November 14, 2024
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations
November 14, 2024
Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over alleged misleading
November 14, 2024
A look at the day ahead in Asian markets.
November 14, 2024
Citigroup is being probed by U.S. government agencies over its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov, Barron's reported on Thursday, citing a person familiar
November 14, 2024
A top U.S. lobbying group for hedge funds and private credit firms on Thursday asked Donald Trump's transition team to review "harmful" private fund regulations
November 14, 2024
Applied Materials forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered
November 14, 2024
Warren Buffett's Berkshire Hathaway said on Thursday it made new investments in Domino's Pizza and Pool Corp in the third quarter, even as it retrenched from stocks such
November 14, 2024
No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-
November 14, 2024
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate
November 14, 2024
The banker who prosecutors say helped Alex Murdaugh move millions of dollars around to avoid detection of his thefts in exchange for a share of the money has had his conviction and seven-year prison sentence overturned on appeal
November 14, 2024
Ford knew about dangerous backup camera glitches but moved too slowly to fix them, safety regulator says
November 14, 2024
Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its
November 14, 2024
Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not need to rush to lower
November 14, 2024
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next
November 14, 2024
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
November 14, 2024
Interest rate changes should remain the European Central Bank's primary policy instrument and bond purchases, along with forward guidance, need to be used more sparingly, ECB
November 14, 2024
One of the nation’s largest meat processors has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota
November 14, 2024
JPMorgan Chase CEO Jamie Dimon will not be invited to be a part of Donald Trump's administration, the U.S. president-elect said on social media on Thursday.
November 14, 2024
The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, underscoring progress on bringing down
November 14, 2024
Hedge funds piled into bets on financial stocks, Tesla shares and a prison operator in the third quarter, filings showed, ahead of a rally that followed Donald
November 14, 2024
Officials on President-elect Donald Trump's transition team are considering current and former Commodity Futures Trading
November 14, 2024
Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial industry, which she said
November 14, 2024
Britain should stand up for free trade and rebuild ties with the European Union as the global economy fragments, Bank of England Governor Andrew Bailey said in a speech on
November 14, 2024
A Republican sweep in the U.S. elections puts rating agency Morningstar DBRS “more on alert” regarding the country’s fiscal accounts, managing director for global sovereign ratings
November 14, 2024
The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures
November 14, 2024
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb
November 14, 2024
Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S.
November 14, 2024
Shares of Hims & Hers Health slumped 15% on Thursday after Amazon.com launched a rival service that offers upfront pricing for telehealth visits.
November 14, 2024
Nigeria plans 47 trillion naira ($28.18 billion) spending for its 2025 budget, using an assumption of an oil price of $75 per barrel and target production of 2 million barrels per day
November 14, 2024
High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S.
November 14, 2024
The National Highway Traffic Safety Administration said Thursday Ford Motor has agreed to a $165 million civil penalty after a government investigation found
November 14, 2024
The London Metal Exchange's clearing house proposed reforms on Thursday to boost stability including tripling the capital requirements for members.
November 14, 2024
Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own
November 14, 2024
Stellantis does not plan to close plants or make mass redundancies in Italy, an executive at the automaker said on Thursday during talks organised by the Italian government to address
November 14, 2024
Railroad operator Norfolk Southern agreed to add an independent member to its board as it settled a long-drawn battle with activist investor Ancora Holdings over the company's governance.
November 14, 2024
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame
November 14, 2024
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards
November 14, 2024
Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have
November 14, 2024
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business
November 14, 2024
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure
November 14, 2024
The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels
November 14, 2024
Wholesale inflation heated up again last month, reversing recent progress
November 14, 2024
ASML CEO Christophe Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made,
November 14, 2024
A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price
November 14, 2024
Hilton Worldwide said on Thursday it had authorized the repurchase of an additional $3.5 billion worth of common stock under the hotel giant's existing repurchase program.
November 14, 2024
Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.”
November 14, 2024
Commercial insurance market Lloyd's of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units' work, a Lloyd's
November 14, 2024
The euro zone economy will be hit with tariffs from the incoming U.S.
November 14, 2024
General Mills said on Thursday it would buy Whitebridge Pet Brands' North American premium cat feeding and pet treating business in a transaction valued at $1.45 billion to broaden its
November 14, 2024
Merck has licensed an early-stage cancer drug from a China-based biotech in an up to $3.3 billion deal, two months after a similar therapy from Summit Therapeutics outperformed
November 14, 2024
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending
November 14, 2024
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for
November 14, 2024
Walt Disney shares surged Thursday after the entertainment giant reported quarterly earnings that beat Wall Street's estimates and offered
November 14, 2024
The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency's relentless rise following Donald Trump's U.S. election victory.
November 14, 2024
The Brazilian government must cut spending "to the bone" and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto Campos Neto
November 14, 2024
UK stocks rose on Thursday, with luxury firm Burberry leading gains in the mid-cap index after unveiling a turnaround plan, while investors awaited speeches from finance
November 14, 2024
Canada's main stock index extended its record-setting run on Thursday as gains for energy shares offset a pullback in technology stocks and investors weighed recent declines
November 14, 2024
British Treasury chief Rachel Reeves says the government plans to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth
November 14, 2024
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate
November 14, 2024
A look at the day ahead in U.S. and global markets by Amanda Cooper.
November 14, 2024
The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as
November 14, 2024
Republican Donald Trump's return to the presidency is expected to precipitate a shift in the U.S. government's legal stance in major cases
November 14, 2024
Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation
November 14, 2024
As Tesla’s electric-vehicle sales have flattened this year, CEO Elon Musk has increasingly staked the company’s future on his vision for self-driving
November 14, 2024
Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of
November 14, 2024
Abu Dhabi carrier Etihad Airways reported a 66% increase in net profit in the first nine months of the year, helped by a double-digit increase in passenger traffic.
November 14, 2024
The European Central Bank is on its path to cut interest rates further as recent euro zone data show inflation is on track to reach the bank's 2% goal, its Vice-President Luis de
November 14, 2024
Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world's second-largest
November 14, 2024
India's merchandise trade deficit in October widened more than expected to $27.14 billion, driven by a rise in imports despite exports
November 14, 2024
Telecoms group VEON is considering an initial public offering (IPO) for its Ukrainian unit Kyivstar in the U.S. as early as next year, CEO Kaan
November 14, 2024
Saudi Arabia's annual inflation rate continued to edge up in October to 1.9% from 1.7% in September, according to government data released on Thursday, driven by an increase in
November 14, 2024
Sumitomo Mitsui Financial Group, Japan's second-largest lender by assets, raised its annual net profit forecast on Thursday to a record 1.16 trillion yen ($7.44 billion) after a 27%
November 14, 2024
Europe's STOXX 600 bounced back with a 1% gain, driven by strong performances in the energy and technology sectors, while positive earnings reports
November 14, 2024
Spain's European Union-harmonised 12-month inflation rose to 1.8% in October, up from 1.7% in the period through September, final data released by the National Statistics Institute (INE)
November 14, 2024
Investors sharply ramped up their short bets on Asian currencies and turned bearish on the Singapore dollar for the first time since early July on rising
November 14, 2024
Mitsubishi UFJ Financial Group, Japan's top lender by assets, on Thursday raised its annual net profit forecast to a record 1.75 trillion yen ($11.23 billion) after second-quarter
November 14, 2024
Japan's three megabanks raised their annual profit forecasts to all-time highs on Thursday, fuelled by robust lending demand and higher margins following a July
November 14, 2024
The global cryptocurrency market's value has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation
November 14, 2024
BHP Group is likely to flesh out plans next week to spend at least $7 billion over the coming years to recover more metal from the world's biggest copper mine,
November 14, 2024
India's wholesale price-based inflation accelerated to a four-month high of 2.36% year on year in October due to elevated food prices, government data released on Thursday showed.
November 14, 2024
The Bank of Japan should raise interest rates at least to 1% to roll back an "abnormally" huge stimulus that is causing unwelcome falls in the yen,
November 14, 2024
Turkey was offered partner country status by the BRICS group of nations, Trade Minister Omer Bolat said, as Ankara continues what it calls its efforts to balance its Eastern and
November 14, 2024
Computer chip equipment maker ASML, facing the threat of more U.S.-led curbs on trade with China, is upbeat on sales growth over the next five
November 14, 2024
Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global
November 14, 2024
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-
November 14, 2024
An Australian consumer protection law firm has launched a class action lawsuit against the country's top two supermarkets, Woolworths and Coles, alleging the retailers promoted misleading
November 14, 2024
The growing presence of non-bank financial institutions (NBFI) warrants attention, as some reports show they account for almost half of financial intermediations globally, Bank of
November 14, 2024
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a
November 14, 2024
Australia's corporate watchdog said on Thursday its focus next year will be on protecting consumers bearing the brunt of rising cost-of-living pressures by clamping down on wrongdoing
November 14, 2024
U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool
November 14, 2024
Artisan Partners, a U.S.-based investor in Japanese retail giant Seven & i Holdings, called on the company's special committee to consider a bidding process of competing takeover
November 14, 2024
Billionaire banker Howard Lutnick has emerged as a serious contender alongside investor Scott Bessent for the top Treasury job in the new Trump
November 14, 2024
The head of Taiwan's central bank said on Thursday that he doubted that U.S.
November 14, 2024
Cross border challenges are widening the gap between the output of Europeans and Americans, who have been moving ahead since the 1990s, a study by the
November 14, 2024
A gauge of global stocks fell for a third straight session on Thursday while the dollar climbed, after U.S. labor market data and comments from Federal Reserve
November 14, 2024
Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming
November 14, 2024
The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled
November 14, 2024
A Federal Reserve official has given a lengthy defense of the central bank's political independence
November 14, 2024
Colombian financial conglomerate Grupo Aval reported on Wednesday a more than six-fold increase in its third-quarter net profit, climbing to 415.7 billion Colombian pesos ($94.18 million).
November 14, 2024
Australia's employment growth slowed in October after a strong run, but the jobless rate stayed low and underlying trends remained relatively healthy, suggesting there
November 14, 2024
British house prices rose in October at the fastest pace in more than two years, according to a survey that on Thursday that mostly reflected sentiment before finance minister Rachel
November 14, 2024
The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households and
November 13, 2024
U.S. regulators warned bankers on Wednesday that the government will continue to beef up efforts to fight money laundering and enforce know-your-customer rules.
November 13, 2024
Brazilian state-run lender Banco do Brasil posted on Wednesday an 8.3% increase in its third-quarter adjusted net profit from a year earlier, while it also said
November 13, 2024
Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server
November 13, 2024
Brazil's incoming central bank chief Gabriel Galipolo said on Wednesday that pursuing its 3% inflation target is non-negotiable for policymakers, but that there are various paths
November 13, 2024
Greenlight Capital President David Einhorn said on Wednesday he has added some inflationary protection to his hedge fund portfolio as he believes that inflation
November 13, 2024
Payments giant Visa said on Wednesday the European Commission (EC) had opened a preliminary investigation into fees charged to retailers.
November 13, 2024
Britain wants to build a slew of "megafunds" with up to 80 billion pounds ($102 billion) in fresh investment firepower, under plans for the biggest shake-up in UK pensions seen in
November 13, 2024
Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as
November 13, 2024
The former FTX executive who wrote computer code that enabled his imprisoned former boss Sam Bankman-Fried to steal billions of dollars from cryptocurrency customers
November 13, 2024
A look at the day ahead in Asian markets.
November 13, 2024
Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue
November 13, 2024
Brazilian digital lender Nubank's adjusted net profit more than doubled in the third quarter from year earlier on a foreign-exchange neutral basis, it said on Wednesday, beating
November 13, 2024
Cisco Systems forecast quarterly revenue and profit above Wall Street estimates after posting upbeat first-quarter results, helped by improving demand for its networking gear amid the AI
November 13, 2024
U.S. bank CEOs expressed confidence in the dealmaking outlook and the financial health of U.S. consumers at an industry conference in New York on
November 13, 2024
Brazil's Finance Minister Fernando Haddad said on Wednesday he is uncertain whether there is enough time to announce a spending containment package this week, adding that it will
November 13, 2024
House prices in New Zealand rose slightly in October, as falling interest rates inspired confidence among buyers, the Real Estate Institute of New Zealand (REINZ) said on Thursday.
November 13, 2024
Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S.
November 13, 2024
A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling that have roiled markets in recent
November 13, 2024
Hedge fund manager Nelson Peltz, who lost a bruising boardroom challenge at Walt Disney this year, is confident the company's new board chairman will find a
November 13, 2024
You need to make $108,000 to afford a home in America
November 13, 2024
Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20
November 13, 2024
The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by one-off factors, the Treasury Department said on Wednesday in a
November 13, 2024
Elon Musk's X Corp has tapped former Tubi executive Mahmoud Reza Banki as chief financial officer, in one of the social media platform's biggest hires as its billionaire
November 13, 2024
Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank's interest-rate cuts to date acknowledge its growing confidence that inflation is headed
November 13, 2024
Americans’ debt is growing — but so are incomes
November 13, 2024
The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may
November 13, 2024
The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency
November 13, 2024
Hedge fund D.E.
November 13, 2024
Dogecoin has raced higher in value since Donald Trump won the presidential election
November 13, 2024
AI cloud platform operator CoreWeave said on Wednesday it closed a $650 million secondary share sale to investors, a deal that a source familiar with the
November 13, 2024
Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena (MPS),
November 13, 2024
Spirit Airlines shares plunge on bankruptcy speculation
November 13, 2024
India's Adani Group will invest $10 billion in US energy security and infrastructure projects, aiming to create up to 15,000 jobs, chairman Gautam Adani said in a post on social media
November 13, 2024
A U.S. appeals court on Wednesday threw out a $1.68 billion judgment against Iran's central bank that had been won by family members of troops killed and
November 13, 2024
Russian consumer prices jumped by 0.3% in the latest week, bringing the headline number to 7% since January, close to the official government forecast of 7.3% for the full year,
November 13, 2024
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted
November 13, 2024
U.S. small-cap stocks have surged to near record highs following Donald Trump's presidential election win, but some investors are wary of chasing the rally as
November 13, 2024
Spanish telecoms company Telefonica said on Wednesday that the World Bank's International Centre for Settlement of Investment Disputes (ICSID) had ordered the Colombian
November 13, 2024
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a
November 13, 2024
Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price.
November 13, 2024
The threat of further U.S.-led restrictions on ASML's sales to China will hang over the leading computer chip equipment maker on Thursday when it offers up new
November 13, 2024
Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt
November 13, 2024
After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as
November 13, 2024
Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S.
November 13, 2024
Ivory Coast will create a $500 million green finance fund to support sustainable growth initiatives, the International Monetary Fund (IMF) said in a statement.
November 13, 2024
The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark.
November 13, 2024
U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the
November 13, 2024
Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms
Brazil police formally accuse 37 people in coup attempt
Drama surrounds final 3 races of F1 season as drivers voice displeasure with recent FIA decisions
Spain's lower house approves tax package extending bank windfall tax
Putin says Russia fired hypersonic ballistic missile at Ukraine in warning to the West
Fox and Hulu announce multi-year content streaming partnership
Illinois top court reverses actor Smollett's false hate crime report conviction