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

Finance

Business|Europe|Finance

UniCredit CEO approaches Commerzbank about merger after share swoop, source says

UniCredit's CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said,

UniCredit CEO approaches Commerzbank about merger after share swoop, source says
Business|Economy|Finance

'Blunt' interest rates pose questions about Fed easing :Mike Dolan

If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.

'Blunt' interest rates pose questions about Fed easing :Mike Dolan
Business|Economy|Finance

US crude oil climbs more than $2 on fears of Hurricane Francine

Oil prices climbed more than 2% on Wednesday, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling

US crude oil climbs more than $2 on fears of Hurricane Francine
Business|Finance

Britain's Rightmove rejects $7.3 billion takeover offer from Murdoch's REA Group

Britain's largest real estate portal Rightmove rejected the 5.6 billion pound ($7.32 billion) cash-and-stock takeover proposal from Australia's

Britain's Rightmove rejects $7.3 billion takeover offer from Murdoch's REA Group
Business|Finance

Japan's Mitsui to double share buyback spending to $2.8 billion

Japanese trading house Mitsui said on Wednesday it decided to double its share buyback spending to up to 400 billion yen ($2.84 billion) to buy and later cancel up to 6% of its

Japan's Mitsui to double share buyback spending to $2.8 billion
Business|Finance|Stock Markets

Zara owner Inditex sees early autumn sales perk up after summer slowdown

Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting its share price as the world's largest listed fashion retailer

Zara owner Inditex sees early autumn sales perk up after summer slowdown
Business|Finance

ADNOC expected to make formal offer for Covestro of about $15.9 billion, FT reports

Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.9 billion) including debt, the Financial Times reported on

ADNOC expected to make formal offer for Covestro of about $15.9 billion, FT reports
Americas|Election|Finance|Stock Markets

Markets try to shake it off after US presidential debate

A look at the day ahead in European and global markets from Ankur Banerjee Investors broadly took the U.S. presidential debate between Donald Trump and Kamala Harris in stride where details were

Markets try to shake it off after US presidential debate
Business|Finance|Technology

Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says

Chinese-Swedish EV brand Lynk & Co, which will launch its first China-made battery-electric car in Europe next month, said it did not intend to pass on the

Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says
Americas|Election|Finance|News|Stock Markets

Investors react to fiery presidential debate between Trump and Harris

U.S. stock futures slipped and the dollar edged lower in early Asian trading on Wednesday as Republican Donald Trump and Democratic Vice President Kamala Harris faced each other for the

Investors react to fiery presidential debate between Trump and Harris
Asia|Business|Finance

Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami

A $39 billion Canadian takeover bid for 7-Eleven's owner indicates a shift in Japan's corporate governance and has left CEOs "nervous" that their

Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami
Business|Economy|Finance

BOJ policymaker signals readiness to raise rates if inflation on track

The Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast, policymaker Junko Nakagawa said,

BOJ policymaker signals readiness to raise rates if inflation on track
Americas|Asia|Election|Finance|News|Stock Markets

US stocks bounce back, Treasury yields steady after CPI, debate

Wall Street reversed an earlier sell-off to close higher on Wednesday, and Brent crude prices rebounded from 3-1/2 year lows as a key inflation report cemented

US stocks bounce back, Treasury yields steady after CPI, debate
Economy|Finance

South Korea household borrowing posts biggest jump in over three years

South Korea's household borrowing rose in August by the biggest amount in more than three years, led by a record jump in mortgage demand, central bank data showed on Wednesday.

South Korea household borrowing posts biggest jump in over three years
Asia|Business|Finance|Stock Markets

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech

U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of influential Big Tech companies

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
Finance|News|Sports

Judge orders former NFL star Adrian Peterson to turn over assets to pay $12M debt

Former NFL running back Adrian Peterson has been ordered by a Texas judge to turn over personal assets to help pay a debt that has ballooned to more than $12 million

Judge orders former NFL star Adrian Peterson to turn over assets to pay $12M debt
Business|Finance|Technology

REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports

Rupert Murdoch-owned property listings firm REA Group has made an initial takeover offer for Britain's Rightmove, Bloomberg News reported on Tuesday citing people familiar with the matter.

REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports
Business|Finance|Technology

News Corp would have lost $9 million in 2017 by ditching Google ads, ex-exec testifies

News Corp in 2017 estimated losing at least $9 million in ad revenue that year if it had switched away from Google's massive advertising apparatus,

News Corp would have lost $9 million in 2017 by ditching Google ads, ex-exec testifies
Business|Finance|Health

Weight-loss market to see 16 new drugs by 2029, report estimates

The market for weight-loss treatments is expected to see 16 new drugs vying for a slice of the lucrative business currently dominated by Novo Nordisk and Eli Lilly, according to estimates

Weight-loss market to see 16 new drugs by 2029, report estimates
Business|Finance

Bank of America CEO says Buffett has been a great backer, has not asked about stock sales

Bank of America CEO Brian Moynihan on Tuesday praised Warren Buffett as an investor in the company, but said he has not asked the legendary investor about

Bank of America CEO says Buffett has been a great backer, has not asked about stock sales
Business|Europe|Finance

A decade on, Botin's redesign of Santander empire her family built is incomplete

Spanish banker Ana Botin set about transforming Santander, a sprawling, acquisition-obsessed and fragmented lender into a leaner,

A decade on, Botin's redesign of Santander empire her family built is incomplete
Finance|News|World

Israel budget deficit widens further amid war to 8.3% of GDP in August

Israel posted a budget deficit of 12.1 billion shekels ($3.24 billion) in August, the Finance Ministry said on Monday, citing high expenses to finance the war with the

Israel budget deficit widens further amid war to 8.3% of GDP in August
Business|Finance

HSBC weighs commercial, investment bank merger to shed costs, Bloomberg reports

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, Bloomberg News reported on Monday, citing

HSBC weighs commercial, investment bank merger to shed costs, Bloomberg reports
Business|Economy|Finance|News|Stock Markets

US wholesale July inventories revised slightly lower

U.S. wholesale inventories increased less than initially thought in July amid a sharp rebound in sales, casting doubt on whether inventory investment would contribute to

US wholesale July inventories revised slightly lower
Asia|Business|Finance

China trade could disrupt market calm

A look at the day ahead in Asian markets.

China trade could disrupt market calm

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