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

Finance

Business|Economy|Finance

Bears circle weakening dollar as Fed rate cuts loom

The U.S. dollar's decline is gaining speed as anticipated interest rate cuts by the Federal Reserve threaten to end the greenback's years-long period of

Bears circle weakening dollar as Fed rate cuts loom
Business|Economy|Finance|Stock Markets|World

Falling rates offer scant shelter from property storm

Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief

Falling rates offer scant shelter from property storm
Business|Europe|Finance|Stock Markets

Markets hit tentative pause on selloff

A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained fragile, as

Markets hit tentative pause on selloff
Asia|Business|Finance|Technology

Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April

Most U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April

Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April
Business|Finance

Rupee ends nearly flat as cenbank absorbs importers' dollar demand

The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank's intervention helped negate the

Rupee ends nearly flat as cenbank absorbs importers' dollar demand
Australia|Economy|Finance

Australia central bank governor reiterates rate cuts are premature

Australia's top central banker reiterated on Thursday that it was premature to contemplate near-term rate cuts as inflation remained too high, sticking to a hawkish stance even as

Australia central bank governor reiterates rate cuts are premature
Asia|Business|Economy|Finance

RBI to keep rupee in narrow trading range: Reuters poll

The Indian rupee will be confined to a narrow trading range against the U.S. dollar over the coming year as the Reserve Bank of India continues to

RBI to keep rupee in narrow trading range: Reuters poll
Americas|Asia|Business|Economy|Finance|World

US warned Nippon Steel its U.S. Steel bid risks harming American industry, sources say

The Biden administration told Nippon Steel in a letter on Saturday its $14.9 billion acquisition of U.S.

US warned Nippon Steel its U.S. Steel bid risks harming American industry, sources say
Business|Finance|Stock Markets

Governments must not intervene in deals arbitrarily, Japan PM hopeful says of U.S. Steel takeover

Governments should not intervene in deals in an arbitrary manner as a matter of principle, Taro Kono, a Japanese minister and prime ministerial

Governments must not intervene in deals arbitrarily, Japan PM hopeful says of U.S. Steel takeover
Asia|Finance

Global equity index slips ahead of US jobs data; oil steadies

MSCI's global equities index edged down on Thursday as investors digested mixed economic data while they anxiously waited for Friday's crucial

Global equity index slips ahead of US jobs data; oil steadies
Americas|Business|Economy|Finance

US economy is slowing, but still has momentum, former official says

The U.S. economy is slowing but it still has some momentum, former Treasury Secretary Robert Rubin said on Thursday. The U.S.

US economy is slowing, but still has momentum, former official says
Business|Economy|Finance

BOJ policymaker calls for treading carefully in rate hike path

The Bank of Japan must stay on course to raise interest rates further but tread carefully to ensure volatile markets do not badly hurt businesses, its board

BOJ policymaker calls for treading carefully in rate hike path
Business|Economy|Finance

Fed's Daly says rate cuts needed to keep labor market healthy

The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed

Fed's Daly says rate cuts needed to keep labor market healthy
Business|Finance

Stellantis to resume production at certain U.S. plants after production adjustments

Jeep's parent company Stellantis said on Wednesday that it will resume production at certain U.S. assembly plants after making "production adjustments" and will assess if further action is

Stellantis to resume production at certain U.S. plants after production adjustments
Economy|Finance

Dollar eases ahead of US payrolls test

The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report,

Dollar eases ahead of US payrolls test
Business|Economy|Finance

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll

Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts,

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll
Business|Finance|Stock Markets

Nippon Steel says no update from CFIUS over US Steel deal

Nippon Steel Corp has not received any update from the Committee on Foreign Investment in the United States (CFIUS) regarding the company's proposed $14.9 billion acquisition of U.S.

Nippon Steel says no update from CFIUS over US Steel deal
Asia|Economy|Finance

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday.

Japan inflation-adjusted wages rise for two straight months in July
Business|Finance|Technology

Robinhood in $3.9 million settlement with California over crypto withdrawals

A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from

Robinhood in $3.9 million settlement with California over crypto withdrawals
Asia|Business|Economy|Finance

Jittery markets now 50-50 on 50 bps cut from Fed

A look at the day ahead in Asian markets.

Jittery markets now 50-50 on 50 bps cut from Fed
Business|Finance|Technology

Hewlett Packard Enterprise raises annual profit forecast on AI strength

Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI

Hewlett Packard Enterprise raises annual profit forecast on AI strength
Business|Economy|Finance

Kroger CEO pins price increases on rising costs at trial

Kroger CEO Rodney McMullen attributed rising grocery prices to increasing costs for retailers as he defended the grocery chain's proposed $

Kroger CEO pins price increases on rising costs at trial
Business|Economy|Finance|Health

Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss

Steward Health Care, the largest private hospital operator in the U.S., received a bankruptcy judge's approval on Wednesday to sell six Massachusetts hospitals,

Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss
Americas|Economy|Finance

Brazil's Senate to vote on Galipolo's nomination as cenbank chief on Oct 8

Brazil's Senate will vote on the nomination of current central bank's director Gabriel Galipolo as the new chief of the monetary authority on October 8, chief of the upper house

Brazil's Senate to vote on Galipolo's nomination as cenbank chief on Oct 8
Economy|Finance

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024

Brazil's government expects public debt linked to interest and foreign exchange rates to surpass half of the total debt this year, a level last seen in October

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024

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