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

Finance

Business|Economy|Finance

US to propose Basel rule revisions this month, Bloomberg reports

The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a raft of proposed banks capital rules as soon as Sept.

US to propose Basel rule revisions this month, Bloomberg reports
Business|Finance

US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure Partners

The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock's $12.5 billion deal for Global Infrastructure Partners.

US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure Partners
Business|Finance

Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a

Goldman Sachs expects OPEC+ production increases to start in December
Business|Celebrity|Election|Finance|News|Technology

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer
Americas|Economy|Finance

Brazil studies raising taxes without lawmaker approval, sources say

Brazil's government is considering tax hikes that do not require congressional approval to balance this year's budget, two finance ministry sources said on

Brazil studies raising taxes without lawmaker approval, sources say
Business|Finance|Stock Markets

Dell, Palantir and Erie Indemnity to join S&P 500

The S&P Dow Jones Indices said on Friday server maker Dell Technologies, data analytics firm Palantir Technologies and property and casualty insurer Erie Indemnity will join the benchmark

Dell, Palantir and Erie Indemnity to join S&P 500
Business|Finance

Carlyle-backed aviation service provider StandardAero files for US IPO

StandardAero, an aircraft maintenance services provider backed by private equity firm Carlyle Group and Singapore's sovereign wealth fund GIC, filed for an initial public offering in the

Carlyle-backed aviation service provider StandardAero files for US IPO
Business|Finance

Big Lots prepares bankruptcy filing with plans to sell stores, Bloomberg News reports

Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its chain of stores through a court-supervised process, Bloomberg News

Big Lots prepares bankruptcy filing with plans to sell stores, Bloomberg News reports
Business|Finance|Stock Markets

Well-timed GameStop options trade scores $550K profit after Roaring Kitty post

A well-timed trade in GameStop's options reaped a handsome profit on Friday after an account associated with "Roaring Kitty," a stock influencer and longtime

Well-timed GameStop options trade scores $550K profit after Roaring Kitty post
Business|Economy|Finance

Economic worries back on Wall Street's radar after jobs data

Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling

Economic worries back on Wall Street's radar after jobs data
Americas|Business|Economy|Finance

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say
Finance

Ukraine forex reserves rise to $42.3 billion as of Sept 1

Ukraine's foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement.

Ukraine forex reserves rise to $42.3 billion as of Sept 1
Business|Finance|Stock Markets

Starboard files proposal at News Corp, seeks to break Murdoch's grip

Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp, the

Starboard files proposal at News Corp, seeks to break Murdoch's grip
Business|Economy|Finance

Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows

Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous

Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows
Business|Economy|Finance

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly

Russia raises main economic forecasts, sees higher year-end inflation
Americas|Business|Economy|Finance|News

Breakneck US job growth was bound to slow down, Biden adviser says

U.S. job growth had been moving at breakneck speed and it was bound to slow down, White House economic adviser Jared Bernstein said on Friday after U.S. employment figures

Breakneck US job growth was bound to slow down, Biden adviser says
Business|Europe|Finance

China, price cuts and costs: the fuel driving Volkswagen's crisis

In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to

China, price cuts and costs: the fuel driving Volkswagen's crisis
Business|Economy|Finance

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor

Traders see Fed starting with 25 bps cut in Sept
Business|Finance|Stock Markets

SEC fines Esmark, chairman over false tender offer for US Steel

The U.S.

SEC fines Esmark, chairman over false tender offer for US Steel
Business|Economy|Finance

Fed's Waller says it's time to lower rates, open to larger cuts

Federal Reserve Governor Christopher Waller on Friday said "the time has come" for the U.S. central bank to begin a series of interest rate cuts this month, adding that he is open-minded

Fed's Waller says it's time to lower rates, open to larger cuts
Economy|Finance|News

Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers

The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022

Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
Business|Finance|Stock Markets

Massachusetts regulators fine Morgan Stanley over First Republic insider sales

Massachusetts securities regulators have fined Morgan Stanley $2 million for failing to properly monitor trades by a First Republic Bank insider before the bank failed, according to a

Massachusetts regulators fine Morgan Stanley over First Republic insider sales
Business|Finance|Technology

Coinbase must face shareholder lawsuit over SEC risks

A federal judge rejected Coinbase's bid to dismiss a proposed class action by shareholders who accused the operator of the largest U.S. cryptocurrency exchange of

Coinbase must face shareholder lawsuit over SEC risks
Business|Economy|Finance

Canada's Ivey PMI shows activity contracting in August

Canadian economic activity contracted for the first time in 13 months in August as employment growth slowed and price pressures heated up, Ivey Purchasing Managers Index data

Canada's Ivey PMI shows activity contracting in August
Asia|Business|Finance

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays

Japanese firms are set to scrutinise overseas deals more intently after U.S. resistance to Nippon Steel's $15 billion U.S.

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays

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