Today: September 20, 2024
Today: September 20, 2024

Finance

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Dutch aim for migration clampdown as government sees "asylum crisis"

By Bart H.

Dutch aim for migration clampdown as government sees "asylum crisis"
Business|Economy|Europe|Finance

Russia's central bank warns Western banks not to discriminate against Russian clients

Russia's central bank has warned subsidiaries of Western banks that remain in Russia not to yield to pressure from Western regulators and discriminate against their

Russia's central bank warns Western banks not to discriminate against Russian clients
Business|Finance|Technology

Adobe shares slump as weak earnings forecast sparks fears of delayed AI gains

Shares of Adobe fell nearly 10% on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence

Adobe shares slump as weak earnings forecast sparks fears of delayed AI gains
Economy|Finance|News

Few EU countries to submit debt reduction plans by Commission's deadline

Few European Union countries are likely to meet the Sept. 20 deadline to submit their debt reduction plans to the European Commission, in a possible blow to

Few EU countries to submit debt reduction plans by Commission's deadline
Economy|Finance

Fed seen nearly as likely to cut rates by 50 bps as 25 bps

The Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading in rate-futures

Fed seen nearly as likely to cut rates by 50 bps as 25 bps
Business|Finance

U.S. manufacturing ETFs win assets as investors bet on 'reshoring'

Investors are piling into exchange traded funds focused on companies that are reviving or expanding production in the U.S. and taking advantage of government subsidies.

U.S. manufacturing ETFs win assets as investors bet on 'reshoring'
Business|Economy|Finance|News

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
Economy|Europe|Finance

Polish central bank wants prosecutors to investigate parliament speaker, MP

The National Bank of Poland said on Friday it had informed prosecutors of the possibility that the speaker of parliament and the head of a parliamentary committee may have committed

Polish central bank wants prosecutors to investigate parliament speaker, MP
Business|Finance|Technology

Oracle settles suit over tracking your data. How to file a claim

In a $115 million settlement, while admitting no wrongdoing, tech behemoth Oracle has agreed to settle a class action lawsuit over allegations it tracked consumer activity both on and offline

Oracle settles suit over tracking your data. How to file a claim
Business|Economy|Finance

US consumer sentiment climbs to four-month high; import prices drop

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household

US consumer sentiment climbs to four-month high; import prices drop
Asia|Business|Finance

How big are the Big Four accounting firms in China?

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the

How big are the Big Four accounting firms in China?
Business|Economy|Finance|News

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say

Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say
Business|Economy|Finance|Stock Markets

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off
Business|Economy|Finance

Russian central bank hikes rates to fight inflation fuelled by military spending

Russia’s central bank has raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives up workers’ wages

Russian central bank hikes rates to fight inflation fuelled by military spending
Business|Economy|Finance

US consumer loan delinquencies starting to plateau, bankers say

U.S. consumers' late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry

US consumer loan delinquencies starting to plateau, bankers say
Business|Finance|Stock Markets

Wall Street advances as traders' bets rise for bigger Fed rate cut

Wall Street's main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week,

Wall Street advances as traders' bets rise for bigger Fed rate cut
Business|Economy|Finance|News|Technology

US locks in steep China tariff hikes, some industries warn of disruptions

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries

US locks in steep China tariff hikes, some industries warn of disruptions
Business|Finance

China hits PwC with six month ban and large fine in record penalty over Evergrande audit

Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm's

China hits PwC with six month ban and large fine in record penalty over Evergrande audit
Business|Europe|Finance

UniCredit, German government hold talks after Commerzbank purchase, source says

German government officials and UniCredit bankers have held talks after the Italian lender's purchase of a 9% stake in Commerzbank, a German government source said on Friday.

UniCredit, German government hold talks after Commerzbank purchase, source says
Africa|Business|Finance

South African anti-corruption minister Gordhan dies, aged 75

South African politician Pravin Gordhan, who served as finance minister twice, overhauled the tax service and waged a battle against corruption under a former

South African anti-corruption minister Gordhan dies, aged 75
Business|Economy|Europe|Finance

Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says

The head of Germany's central bank said on Friday that authorities would take a "very close look" at UniCredit's overtures to potentially buy Germany's Commerzbank, a sign that any

Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says
Business|Economy|Europe|Finance

Top ECB governors voice confidence on inflation and rates

The European Central Bank's two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone.

Top ECB governors voice confidence on inflation and rates
Business|Economy|Finance

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
Asia|Business|Finance

Seven & i now classified as 'core' to Japan's national security

Japanese retail giant Seven & i Holdings has been classified as "core" to national security, according to an updated finance ministry list released on Friday.

Seven & i now classified as 'core' to Japan's national security
Business|Economy|Finance

Fed, ready, steady, cut

Don't go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting.

Fed, ready, steady, cut

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