Today: September 18, 2024
Today: September 18, 2024

Finance

Africa|Economy|Finance

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
Business|Finance|Stock Markets

FTSE 100 hits two-week high, Kingfisher surges

The FTSE 100 rose to a two-week high on Tuesday, lifted by a rise in retailer and personal goods shares, while investors prepared for central bank

FTSE 100 hits two-week high, Kingfisher surges
Economy|Europe|Finance

BNP Paribas says euro could rise, not fall, if recession hits

BNP Paribas Markets 360 reckons the euro could rally against the dollar if there is a global recession, marking a break with past trading dynamics.

BNP Paribas says euro could rise, not fall, if recession hits
Business|Finance|Stock Markets

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal

Flutter said on Tuesday it would buy Italy's Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech,

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal
Africa|Economy|Finance

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year

Kenya's finance ministry forecasts a fall in the budget deficit to 3.5% of gross domestic product (GDP) in the 2025/26 fiscal year that starts next July, from 4.3% of GDP in the

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year
Business|Economy|Europe|Finance

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision

Europe's STOXX 600 recorded its highest closing level in two-weeks on Tuesday, as global markets remained upbeat on the prospects of the U.S.

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision
Economy|Finance

Rate-cut fever boosts investor sentiment in September, BofA survey shows

Global investor sentiment improved in September for the first time since June on optimism over a soft landing and interest rate cuts by the U.S.

Rate-cut fever boosts investor sentiment in September, BofA survey shows
Business|Economy|Finance

India's August wholesale inflation cools to 1.31% as global oil prices fall

India's wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and

India's August wholesale inflation cools to 1.31% as global oil prices fall
Asia|Business|Economy|Finance

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
Asia|Business|Europe|Finance|Stock Markets

Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the yen's low-

Yen's big week begins
Business|Finance|Technology

Pentagon awards rocket motor maker Ursa Major $12.5 million

U.S. rocket propulsion startup Ursa Major said on Tuesday it was awarded a $12.5 million contract to build out production and testing for new solid fuel rocket

Pentagon awards rocket motor maker Ursa Major $12.5 million
Economy|Finance|Technology

Central bank digital currency momentum growing, study shows

A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and

Central bank digital currency momentum growing, study shows
Asia|Business|Finance|Stock Markets

Midea's strong Hong Kong debut after $4 billion listing boosts outlook

Midea Group rose as much as 9.5% on its Hong Kong trading debut after the Chinese home appliances maker raised nearly $4 billion in the city's largest

Midea's strong Hong Kong debut after $4 billion listing boosts outlook
Business|Finance|Technology

Trump offers little detail at crypto business unveiling

Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X

Trump offers little detail at crypto business unveiling
Business|Finance

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event

Republican presidential nominee Donald Trump has launched his family’s cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event
Business|Economy|Finance|News

Oil prices settle up on supply shocks, prospect of US interest rate cuts

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S.

Oil prices settle up on supply shocks, prospect of US interest rate cuts
Asia|Business|Economy|Finance

Stocks end nearly flat, dollar firms before Fed rate decision

U.S. stock markets ended nearly flat after hitting record highs on Tuesday and the dollar stood firm as strong economic data allayed slowdown fears and investors

Stocks end nearly flat, dollar firms before Fed rate decision
Asia|Business|Economy|Finance

Japan will continue to assess economic impact of stronger yen, finance minister says

Japan Finance Minister Shunichi Suzuki said on Tuesday the government will continue to analyse the impact of the strengthening yen on the economy and respond appropriately.

Japan will continue to assess economic impact of stronger yen, finance minister says
Business|Economy|Finance

US dollar strengthens ahead of expected Fed rate cut

The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive

US dollar strengthens ahead of expected Fed rate cut
Economy|Finance

Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes

Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the U.S.

Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
Economy|Europe|Finance

London's high-end property market cools on worries about tax hit

Demand for London's most expensive homes cooled last month as high earners worried about the possibility of tax increases by Britain's new centre-left government, a property data

London's high-end property market cools on worries about tax hit
Business|Economy|Finance|News

As Fed cuts loom, health of US economy could determine markets' path

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle

As Fed cuts loom, health of US economy could determine markets' path
Business|Finance|News

Investors turned more bearish on oil last week than ever

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak

Investors turned more bearish on oil last week than ever
Business|Finance|Technology

Microsoft approves new $60 billion share buyback program

Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.

Microsoft approves new $60 billion share buyback program
Americas|Business|Finance

First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say

Canadian miner First Quantum Minerals has opened a voluntary retirement scheme to workers at the Cobre Panama mine, two sources familiar with the

First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say

Follow