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

Finance

Business|Economy|Finance|Stock Markets

Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500

Deutsche Bank has raised its year-end target for the benchmark S&P 500 index to 5,750 points from 5,500, citing rising stock buybacks, strong corporate earnings and robust inflows, boosted

Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500
Business|Finance|Technology

Blackstone mulls selling stake in visa firm VFS Global, Bloomberg News reports

Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest from prospective

Blackstone mulls selling stake in visa firm VFS Global, Bloomberg News reports
Australia|Business|Finance

Australia's Star faces likely casino licence pull or $67 million fine for regulatory breaches

The casino commission in Australia's biggest state said on Friday it may cancel Star Entertainment's Sydney licence or fine it up to A$100 million ($67.2 million) after an inquiry found

Australia's Star faces likely casino licence pull or $67 million fine for regulatory breaches
Economy|Europe|Finance|News

Euro zone inflation going in right direction, says ECB's Nagel

Inflation in the euro zone, including a core measure that strips out volatile prices, is going in the right direction, European Central Bank policymaker Joachim Nagel said on

Euro zone inflation going in right direction, says ECB's Nagel
Business|Economy|Finance

Trump allies are working on plans to privatize Fannie and Freddie, WSJ reports

Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie

Trump allies are working on plans to privatize Fannie and Freddie, WSJ reports
Europe|Finance

Super-sized Fed cut climbs back on the table

A look at the day ahead in European and global markets from Kevin Buckland European traders who went to bed thinking a quarter-point Fed rate cut was a lock for next week may well have had a rude

Super-sized Fed cut climbs back on the table
Business|Economy|Finance

BOJ to hike rates by year-end, say majority of analysts; no September change seen: Reuters poll

The Bank of Japan (BOJ) will not raise interest rates at a policy meeting next week, economists unanimously said in a Reuters poll published on Friday, but a

BOJ to hike rates by year-end, say majority of analysts; no September change seen: Reuters poll
Economy|Europe|Finance

ECB dents traders' hopes for October rate cut

Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday, as policymakers provided little

ECB dents traders' hopes for October rate cut
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Wall Street’s best week of 2024 closes with indexes near their records

U.S. stocks closed their best week of the year with more gains and climbed to the cusp of their records

Stock market today: Wall Street’s best week of 2024 closes with indexes near their records
Economy|Finance

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll

Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll
Business|Finance

Japan's Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas

Japanese trading house Mitsubishi said on Friday it has reached a preliminary agreement to buy a stake in and offtake low-carbon ammonia from ExxonMobil's hydrogen facility in Texas.

Japan's Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas
Economy|Finance|News|Stock Markets

Strong case for 50 bp Fed cut, says former NY Fed chief Dudley

Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States.

Strong case for 50 bp Fed cut, says former NY Fed chief Dudley
Asia|Economy|Finance

India's growth potential above 7.5%, says its cenbank chief

India's growth potential is 7.5% or more, the country's central bank chief said on Friday, which is a little above the bank's full-year forecast for 2024 of 7.2%.

India's growth potential above 7.5%, says its cenbank chief
Asia|Economy|Finance|News

Pakistan says it has met all of the IMF's conditions to secure a new $7 billion loan

Pakistan’s leader says the country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion loan to help prop up its economy

Pakistan says it has met all of the IMF's conditions to secure a new $7 billion loan
Asia|Economy|Finance

Bank Indonesia to keep rates steady on Sept 18, cut in Q4: Reuters poll

Bank Indonesia (BI) will leave interest rates unchanged next week to support the rupiah but was expected to cut next quarter, after widely anticipated policy

Bank Indonesia to keep rates steady on Sept 18, cut in Q4: Reuters poll
Economy|Finance

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut

The U.S. dollar fell on Friday to its

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
Business|Economy|Finance

Prospect of steeper Fed cuts boosts stocks, drives record gold prices

U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its

Prospect of steeper Fed cuts boosts stocks, drives record gold prices
Business|Economy|Finance

New Zealand house prices rise on month, more confidence in market, survey says

New Zealand house prices rose in the last month, with the data indicating more confidence in the market, the Real Estate Institute of New Zealand (REINZ) said on Thursday.

New Zealand house prices rise on month, more confidence in market, survey says
Finance|News|Political|World

Nearly $6 billion in funding for Ukraine will expire if Congress doesn't act by the end of the month

U.S. officials say nearly $6 billion in funding for aid to Ukraine will expire at the end of the month unless Congress acts to extend the Pentagon’s authority to send weapons from its stockpile to Kyiv

Nearly $6 billion in funding for Ukraine will expire if Congress doesn't act by the end of the month
Business|Economy|Finance

Trump says he would push to end taxes on overtime pay

Trump says he would push to end taxes on overtime pay

Trump says he would push to end taxes on overtime pay
Business|Economy|Election|Finance|News

Trump says he will end all taxes on overtime if elected

Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package

Trump says he will end all taxes on overtime if elected
Business|Finance

Utility ordered to pay $100 million for its role in Ohio bribery scheme

An Ohio-based energy company at the center of a $60 million bribery scheme has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million fine

Utility ordered to pay $100 million for its role in Ohio bribery scheme
Asia|Business|Economy|Finance

Weekly rebound in reach, China data deluge looms

A look at the day ahead in Asian markets.

Weekly rebound in reach, China data deluge looms
Americas|Economy|Finance

IMF says director Valdes has delegated all Argentina negotiations

The International Monetary Fund's director of the Western Hemisphere Rodrigo Valdes has fully delegated all negotiations with Argentina to other officials, the fund said

IMF says director Valdes has delegated all Argentina negotiations
Business|Finance|News|Technology

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

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