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

Finance

Business|Finance

RTX CEO does not see 'transformative' deals, open to pruning business

RTX is open to pruning and pairing its existing businesses rather than pursuing "transformative" mergers and acquisitions, the aerospace giant's CEO said on Wednesday.

RTX CEO does not see 'transformative' deals, open to pruning business
Business|Finance

Goldman CEO dismisses notion GM credit card exit is messy

Goldman Sachs CEO David Solomon on Wednesday dismissed the notion that the bank's early exit from its credit card partnership with General Motors was messy, saying the firm had

Goldman CEO dismisses notion GM credit card exit is messy
Business|Finance

Fearless Fund drops grant program for Black women business owners in lawsuit settlement

A venture capital firm has closed a grant program for Black women business owners as part of a settlement with a conservative group that had filed a lawsuit alleging the program was discriminatory

Fearless Fund drops grant program for Black women business owners in lawsuit settlement
Business|Economy|Finance

US banking executives inject caution on elevated expectations

Executives at some top U.S. banks cautioned against overly optimistic earnings projections and warned that the dealmaking environment was lagging expectations, clouding the outlook for a

US banking executives inject caution on elevated expectations
Business|Crime|Finance

Employee of French drugmaker Ipsen to plead guilty to US insider trading

An employee of French drugmaker Ipsen has agreed to plead guilty to illegally making more than $262,000 by trading on inside information he learned about his

Employee of French drugmaker Ipsen to plead guilty to US insider trading
Business|Finance

Goldman Sachs nearing a deal to transfer GM credit card business to Barclays, source says

Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays, a source familiar with the matter said on Tuesday.

Goldman Sachs nearing a deal to transfer GM credit card business to Barclays, source says
Business|Fashion and Beauty|Finance|Lifestyle

Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies

Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri's Michael Kors brand if the companies merged, a top Tapestry

Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies
Asia|Business|Economy|Finance|News

Disinflation dynamics deepen

A look at the day ahead in Asian markets.

Disinflation dynamics deepen
Business|Finance

Citi's chief accounting officer Johnbull Okpara departs

Citigroup's chief accounting officer and controller Johnbull Okpara resigned to pursue another opportunity, effective Tuesday, the bank said in a filing

Citi's chief accounting officer Johnbull Okpara departs
Business|Economy|Finance

Australia's tight labour market set to ease, central bank says

Australia's central bank said on Wednesday that the labour market remained tight but was moving towards balance as high interest rates work to slow demand in what should be a mild

Australia's tight labour market set to ease, central bank says
Business|Economy|Finance

Boeing says bargained in good faith with union for labor deal

Boeing bargained in good faith with one of its biggest unions for the new labor contract and "did not hold back with an eye on a second vote", its chief operating officer said on Tuesday

Boeing says bargained in good faith with union for labor deal
Business|Finance

At China's Zhongzhi, risky practices preceded shadow bank's collapse

Zhongzhi Enterprise Group, a former leader of China's shadow banking sector that declared insolvency last year, used aggressive and potentially illegal sales

At China's Zhongzhi, risky practices preceded shadow bank's collapse
Australia|Business|Finance

Australia's Star says unable to finalize prelim FY results amid regulatory woes

Australian casino operator Star Entertainment said on Wednesday that it is not yet in a position to finalize its preliminary financial results for fiscal 2024.

Australia's Star says unable to finalize prelim FY results amid regulatory woes
Asia|Business|Finance

China Vanke's bonds tumble as concerns for state-backed property firm mount

The dollar-denominated bonds of state-backed Chinese property giant China Vanke extended a run of sharp falls on Wednesday, as concerns continued to weigh about its fate amid an

China Vanke's bonds tumble as concerns for state-backed property firm mount
Business|Finance|Stock Markets

Buffett's Berkshire offloads $228.7 million worth BofA shares in latest sale

Warren Buffett's Berkshire Hathaway has sold shares worth $228.7 million in Bank of America, as the conglomerate continues to trim its stake in the second-largest U.S. lender.

Buffett's Berkshire offloads $228.7 million worth BofA shares in latest sale
Americas|Business|Finance

Copper output at Chile's Codelco slips nearly 11% in July

Copper output from Chilean state miner Codelco fell 10.7% in July from a year earlier, copper commission Cochilco said on Wednesday, as the world's largest copper company grapples

Copper output at Chile's Codelco slips nearly 11% in July
Business|Economy|Finance

Brazil's central bank says forgotten bank funds can't help meet fiscal target

Brazil's central bank said that forgotten funds held by financial institutions could not be classified as primary revenue, marking a setback for the government's

Brazil's central bank says forgotten bank funds can't help meet fiscal target
Business|Economy|Finance

Consumer inflation drops ahead of the Fed meeting

Inflation slowed to its lowest level since February 2021, even as housing costs and airline ticket prices continue to rise. Julia Chatterley explains how the new numbers may impact the Fed's looming decision on interest rates.

Consumer inflation drops ahead of the Fed meeting
Business|Europe|Finance

Dutch government cuts stake in ABN Amro to 40.5%

The Dutch government's latest sale of ABN Amro shares has reduced its stake in the bank to 40.5% from 49.5%, Finance minister Eelco Heinen said in a letter to parliament on

Dutch government cuts stake in ABN Amro to 40.5%
Business|Europe|Finance

Commerzbank seeks to fend off potential UniCredit takeover, sources say

Commerzbank's management has discussed how to keep the German lender independent, exploring defence strategies to resist a potential bid from

Commerzbank seeks to fend off potential UniCredit takeover, sources say
Business|Europe|Finance

Hurdles to M&A in Europe's fragmented banking sector

UniCredit's purchase of a stake in Commerzbank has fuelled speculation about further European banking consolidation, after this year's hostile

Hurdles to M&A in Europe's fragmented banking sector
Business|Finance|Stock Markets

Bank dividends catapult Q2 global payouts to record highs

Banks continued to propel global dividends to record highs in the second quarter of 2024 as higher interest rates boosted profits, allowing them to pay out bigger returns to shareholders compared with

Bank dividends catapult Q2 global payouts to record highs
Business|Europe|Finance

Commerzbank would boost UniCredit earnings, but not without risks

UniCredit's purchase of a 9% stake in Commerzbank has raised the prospect of a merger which has long been considered a natural option for the Italian lender, which entered the German

Commerzbank would boost UniCredit earnings, but not without risks
Business|Economy|Finance

Buyout firm EQT explores $2 billion sale of Banking Circle, sources say

Private equity firm EQT is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at

Buyout firm EQT explores $2 billion sale of Banking Circle, sources say
Business|Finance

Venture capital fund ends grant program supporting Black women after lawsuit

An Atlanta-based venture capital fund on Wednesday agreed to stop operating a program that awarded grants to small businesses run by Black women to settle a lawsuit by an

Venture capital fund ends grant program supporting Black women after lawsuit

Follow