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

Finance

Asia|Finance

Japan nominates ex-currency diplomat Kanda to head ADB

Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank (ADB), Finance

Japan nominates ex-currency diplomat Kanda to head ADB
Australia|Business|Finance

Australia regulator seeks to make banks phase out issuing hybrid securities

Australia's prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail

Australia regulator seeks to make banks phase out issuing hybrid securities
Business|Economy|Finance|News|World

From Peru to Tuvalu: World Bank chief says global lender must change

World Bank President Ajay Banga said in a speech on Tuesday after visiting 27 countries from Peru to Tuvalu that the global lender needs to work faster and

From Peru to Tuvalu: World Bank chief says global lender must change
Business|Economy|Finance

US dollar falls as markets brace for presidential debate, inflation

The dollar slid against some major currencies on Tuesday, consolidating Monday's gains ahead of key inflation data and a highly anticipated U.S.

US dollar falls as markets brace for presidential debate, inflation
Business|Economy|Finance

Australian consumers downbeat in Sept amid economic worries

Australian consumer sentiment stayed downbeat in September as concerns over the economy and jobs bubbled to the surface even as worries over higher interest rates eased, a survey

Australian consumers downbeat in Sept amid economic worries
Asia|Business|Finance|Technology

Samsung SDI to sell polarizing film business to Chinese firm for $836 million

South Korean battery maker Samsung SDI said on Tuesday it had decided to sell its polarizing film business to China's Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($

Samsung SDI to sell polarizing film business to Chinese firm for $836 million
Business|Finance

Australia central bank reforms in doubt as politics interferes

Long-delayed reforms to the Reserve Bank of Australia (RBA) could be dead in the water after the Liberal National opposition decided to oppose them in parliament, Treasurer Jim

Australia central bank reforms in doubt as politics interferes
Business|Finance|Technology

Hewlett Packard shares fall on $1.35 billion convertible stock offering for Juniper buyout

Hewlett Packard Enterprise's shares dropped 6.4% in extended trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its

Hewlett Packard shares fall on $1.35 billion convertible stock offering for Juniper buyout
Business|Finance|Sports

Under Armour warns restructuring may cost more than previously expected

Under Armour expects its restructuring efforts to cost more than it had previously forecast, the sportswear maker said on Monday, sending its shares down 3% in aftermarket trade.

Under Armour warns restructuring may cost more than previously expected
Finance

Goldman Sachs CEO says trading revenue is heading for a 10% slide in 3Q

Goldman Sachs' trading revenue will probably slip 10% in the third quarter because of sluggish conditions last month, CEO David Solomon said on Monday.

Goldman Sachs CEO says trading revenue is heading for a 10% slide in 3Q
Business|Finance

Norfolk Southern CEO to step down amid misconduct probe, sources say

Norfolk Southern's CEO Alan Shaw is expected to step down from his role at the railroad company amid an investigation into allegations of potential workplace misconduct, two sources

Norfolk Southern CEO to step down amid misconduct probe, sources say
Business|Finance

Lilly appoints insider as finance chief amid rising investments to boost capacity

U.S. drugmaker Eli Lilly on Monday said it has appointed insider Lucas Montarce as its new chief financial officer, effective immediately, months after former CFO Anat

Lilly appoints insider as finance chief amid rising investments to boost capacity
Finance|Technology

Brazil's Pix to overtake credit cards in e-commerce as soon as 2025, study shows

Brazil's instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new

Brazil's Pix to overtake credit cards in e-commerce as soon as 2025, study shows
Business|Finance|Technology

Trump Media shares rebound after poll shows tight race for White House

Shares of Trump Media & Technology Group, majority-owned by former U.S.

Trump Media shares rebound after poll shows tight race for White House
Crime|Finance|Technology

Losses from crypto scams grew 45% in 2023, FBI says

Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed

Losses from crypto scams grew 45% in 2023, FBI says
Business|Finance|Technology

Bank of America hires JPMorgan's Tim Carpenter to co-lead software investment banking, source says

Bank of America has hired technology banking veteran Tim Carpenter from peer JPMorgan Chase to co-lead its software investment banking business, a source familiar with the matter said on

Bank of America hires JPMorgan's Tim Carpenter to co-lead software investment banking, source says
Business|Finance|Stock Markets

US SEC approves new audit quality benchmarks over Republican objections

Wall Street's top regulator on Monday gave the nod to new accounting standards set by a watchdog agency, part of an effort to address concerns about the prevalence of poor quality audits.

US SEC approves new audit quality benchmarks over Republican objections
Business|Finance

JPMorgan appoints Garcia-Salas, Redmond for mid-cap investment banking

JPMorgan Chase & Co has hired Humberto Garcia-Salas and Andrew Redmond as managing directors for its Mid-Cap Investment Banking division, as it seeks to further strengthen its investment

JPMorgan appoints Garcia-Salas, Redmond for mid-cap investment banking
Business|Finance

Hedge fund investors seek new allocation to equity strategies, says BNP Paribas

Pension funds, endowments and family offices are planning to make new equity hedge funds allocations through the end of the year, a survey by BNP Paribas showed,

Hedge fund investors seek new allocation to equity strategies, says BNP Paribas
Business|Finance

Citi CFO expects investment banking fees to rise 20% in third quarter

Citigroup's investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told

Citi CFO expects investment banking fees to rise 20% in third quarter
Americas|Economy|Finance

Argentina inflation seen at 31-month low of 3.9% in August

Argentina's monthly inflation rate is expected to have edged down to 3.9% in August, a Reuters poll of economists showed on Monday, the lowest since the start

Argentina inflation seen at 31-month low of 3.9% in August
Americas|Business|Economy|Finance

US inflation may soon undershoot Fed's 2% target: McGeever

After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon

US inflation may soon undershoot Fed's 2% target: McGeever
Business|Finance

US SEC hits 7 public companies with penalties for violating whistleblower protections

Seven public companies agreed to pay a combined $3 million to settle U.S.

US SEC hits 7 public companies with penalties for violating whistleblower protections
Economy|Finance|News

Russian central bank seen keeping benchmark interest rate at 18%: Reuters poll

Russia's central bank is likely to keep its benchmark interest rate unchanged at 18% at its next board meeting on Friday, according to a majority of 27 analysts

Russian central bank seen keeping benchmark interest rate at 18%: Reuters poll
Business|Finance|Stock Markets

Starboard proposes that News Corp eliminates dual-class shares

Hedge fund Starboard Value confirmed on Monday it had filed a shareholder resolution to eliminate the dual-class share structure that allows Rupert Murdoch to control News Corp, the

Starboard proposes that News Corp eliminates dual-class shares

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