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

Finance

Business|Finance

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says

Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut

Shares are mixed in Asia after the Dow Jones Industrial Average set a record as Wall Street gears up for Federal Reserve's most anticipated meeting in years

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
Business|Economy|Finance

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
Business|Europe|Finance

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper

A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday, adding a decision

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper
Business|Economy|Finance

Thai baht is too strong and impacting exports, minister says

Thailand's baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on the currency, the

Thai baht is too strong and impacting exports, minister says
Economy|Finance|News

Why Fed rate cuts matter to world markets

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States.

Why Fed rate cuts matter to world markets
Americas|Business|Economy|Europe|Finance

Hanging on the Fed

A look at the day ahead in European and global markets from Wayne Cole. It's finally decision time for the U.S.

Hanging on the Fed
Economy|Finance|News

Taiwan set to hold rates steady on inflation worries: Reuters poll

Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with lingering inflation concerns,

Taiwan set to hold rates steady on inflation worries: Reuters poll
Finance|Stock Markets

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever

Hedge funds are their most bullish on the Japanese yen in eight years, but as their 'long' positions grow and the currency strengthens, yen volatility is

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever
Economy|Finance

Argentina's draft 2025 budget foresees 5% GDP growth

The draft of Argentina's 2025 budget foresees the economy expanding 5% and the primary fiscal surplus representing 1.3% of gross domestic product, according to a summary

Argentina's draft 2025 budget foresees 5% GDP growth
Business|Economy|Finance

Oil prices climb on hurricane impact ahead of US rate decision

Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S.

Oil prices climb on hurricane impact ahead of US rate decision
Asia|Business|Finance|Stock Markets

Tech stocks drag, dollar plumbs lows on rate cut expectations

Tech stocks dragged on U.S. indexes and the dollar touched a more than one-year low against the yen on Monday as all eyes looked to a Federal Reserve meeting later

Tech stocks drag, dollar plumbs lows on rate cut expectations
Economy|Finance

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut
Americas|Election|Finance|News|Stock Markets

Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump

U.S. stock futures and the dollar were little changed on Sunday after Republican presidential candidate Donald Trump was safe following what the FBI said

Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
Business|Finance

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal

New Zealand's Auckland International Airport said on Monday it will undertake an equity raise of NZ$1.4 billion($861.8 million) for a planned capital investment program.

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal
Business|Economy|Finance

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race
Business|Finance

Air Canada strikes last-minute deal with pilots' union, averting strike

Air Canada has reached a tentative, last-minute deal with its pilots' union over a new four-year collective agreement, the airline said on Sunday, ending a stand-off

Air Canada strikes last-minute deal with pilots' union, averting strike
Business|Economy|Finance|News

Bank of Canada governor raises prospect of faster rate cuts, FT reports

Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.

Bank of Canada governor raises prospect of faster rate cuts, FT reports
Business|Europe|Finance

Axel Springer and KKR reached fundamental deal in summer, source said

German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters

Axel Springer and KKR reached fundamental deal in summer, source said
Asia|Business|Economy|Finance

China's Jan-Aug FDI down 31.5% y/y

Foreign direct investment into China amounted to 580.19 billion yuan ($81.80 billion) in January-August, down 31.5% from the same period last year, the Chinese commerce ministry

China's Jan-Aug FDI down 31.5% y/y
Business|Economy|Finance

Japan's PM hopeful Takaichi warns BOJ against raising rates

Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Saturday the central bank should

Japan's PM hopeful Takaichi warns BOJ against raising rates
Business|Economy|Finance

China new home prices fall at fastest pace in over 9 years in Aug

China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to

China new home prices fall at fastest pace in over 9 years in Aug
Business|Crime|Finance|Health

Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions

Walgreens agreed to pay $106 million to settle lawsuits that alleged it submitted false payment claims with government health care programs for prescriptions that were never dispensed

Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions
Business|Finance|Technology

OpenAI's stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150

OpenAI's stunning $150 billion valuation hinges on upending corporate structure, sources say
Business|Finance|Technology

US satellite-TV providers DirecTV and Dish are in talks to merge again, source says

Telecom operator AT&T and its joint-venture partner TPG are in early-stage talks to merge their DirecTV satellite TV service with EchoStar owned Dish, a person familiar with

US satellite-TV providers DirecTV and Dish are in talks to merge again, source says

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