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

Finance

Economy|Europe|Finance

Romania to waive outstanding debt penalties to help tax compliance

Romania's coalition government approved a series of measures on Wednesday to improve revenue collection and curb a widening budget deficit, including a partial debt amnesty and

Romania to waive outstanding debt penalties to help tax compliance
Business|Economy|Finance

UK investors' stock bets slowed in August, Calastone says

Investors in Britain pared their bets on equities and ploughed cash into safe haven money market funds in August, data from fund

UK investors' stock bets slowed in August, Calastone says
Business|Finance

The Nordstrom family teams up with a Mexican retail group to bid for its namesake retailer

Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout

The Nordstrom family teams up with a Mexican retail group to bid for its namesake retailer
Business|Economy|Finance

Hedge funds held gains in August market rollercoaster

Global hedge funds posted positive returns in August even as the unwind in popular yen carry trades whipsawed markets, according to bank research

Hedge funds held gains in August market rollercoaster
Business|Economy|Finance

Canada swings to July trade surplus as imports and exports fall

Canada posted a lower-than-expected trade surplus of C$684 million ($505 million) in July as imports fell faster than exports, while the June balance was revised to

Canada swings to July trade surplus as imports and exports fall
Africa|Crime|Finance

Binance executive detained in Nigeria to know bail decision next month

Binance's head of financial compliance Tigran Gambaryan, on trial for money laundering in Nigeria, will know on Oct. 9 whether he will be released on bail or remain in prison custody

Binance executive detained in Nigeria to know bail decision next month
Business|Finance|Stock Markets|Technology

Nvidia, chip stocks waver after previous day's sell-off

Nvidia's shares recouped earlier losses to trade higher on Wednesday, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI

Nvidia, chip stocks waver after previous day's sell-off
Business|Finance|Technology

OpenAI co-founder Sutskever's new safety-focused AI startup SSI raises $1 billion

By Kenrick Cai, Krystal Hu, Anna Tong SAN FRANCISCO/NEW YORK -Safe Superintelligence (SSI), newly co-founded by OpenAI's former chief scientist Ilya Sutskever, has raised $1 billion in cash to help

OpenAI co-founder Sutskever's new safety-focused AI startup SSI raises $1 billion
Economy|Finance

Recession fears trounce rate cut cheer in latest market selloff

Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving

Recession fears trounce rate cut cheer in latest market selloff
Business|Finance|Stock Markets

Nordstrom founders offer $23 per share to take department store private

Nordstrom's founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a

Nordstrom founders offer $23 per share to take department store private
Americas|Economy|Finance

Brazil finance minister says he trusts central bank officials ahead of rate decision

Brazil's Finance Minister Fernando Haddad said on Wednesday that he trusts central bank officials when asked about the prospect of an interest rate hike at the upcoming monetary

Brazil finance minister says he trusts central bank officials ahead of rate decision
Business|Economy|Finance

Even bargain chains see spending pullback as higher prices squeeze more Americans

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

Even bargain chains see spending pullback as higher prices squeeze more Americans
Economy|Finance

Brazil's central bank says credit growth not a medium-term concern

Brazil's central bank said on Wednesday that credit growth and asset prices do not pose a medium-term concern, though it highlighted existing uncertainties that warrant ongoing

Brazil's central bank says credit growth not a medium-term concern
Business|Finance

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project

Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corp's proposed low-carbon hydrogen project in Texas, with the companies

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project
Business|Crime|Finance

Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe

Three judicial officials have told the Associated Press that Lebanon has charged its embattled former central bank governor with the embezzlement of $42 million

Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe
Business|Finance|Technology

UK clears Microsoft's partnership with Inflection AI

Britain's competition regulator, on Wednesday, cleared Microsoft's hiring of some former staff of Inflection AI and its partnership with the startup and said the deal did not required a

UK clears Microsoft's partnership with Inflection AI
Economy|Finance

Hormel Foods cuts annual sales forecast on lower turkey prices

Skippy peanut butter maker Hormel Foods cut its annual sales forecast on Wednesday, hurt by lower commodity prices and a production disruption at its Planters brand manufacturing facility

Hormel Foods cuts annual sales forecast on lower turkey prices
Business|Economy|Finance|News

OPEC+ discussing delay to planned oil output hike in October, sources say

OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months,

OPEC+ discussing delay to planned oil output hike in October, sources say
Business|Economy|Finance|News

Wall Street ends slightly down after weak labor market data, dovish Fed comments

U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case

Wall Street ends slightly down after weak labor market data, dovish Fed comments
Australia|Business|Finance

Star Entertainment working with advisers to finalise financial results, date not yet set

Australia's Star Entertainment is working with various financial advisers to finalise its fiscal 2024 results, it said on Wednesday, as the embattled casino operator remains under scrutiny

Star Entertainment working with advisers to finalise financial results, date not yet set
Asia|Business|Finance

Chinese fund manager asks staff to return excess pay from past five years, sources say

A top 10 Chinese fund manager has asked senior executives to return pay received over the past five years that exceeds a new cap, to tally with a

Chinese fund manager asks staff to return excess pay from past five years, sources say
Business|Economy|Election|Finance

Harris proposes smaller hike in capital gains tax than Biden

Democratic presidential candidate Kamala Harris on Wednesday proposed raising the capital gains tax rate for those earning $1

Harris proposes smaller hike in capital gains tax than Biden
Business|Finance|Technology

Blackstone to buy Australia's AirTrunk in $16 billion deal

Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over A$24 billion ($16.10 billion), it said on Wednesday, in what would

Blackstone to buy Australia's AirTrunk in $16 billion deal
Economy|Finance|News

IMF mission starts fifth review of Ukraine program as Kyiv reshuffles government

An International Monetary Fund mission began work on Wednesday on the fifth review of its $15.6 billion lending programme to Ukraine amid a major wartime government reshuffle.

IMF mission starts fifth review of Ukraine program as Kyiv reshuffles government
Business|Economy|Europe|Finance

Italy's service sector growth slows in August, PMI shows

Italy's services sector expanded in August but at a slower pace than the previous month, a survey showed on Wednesday, amid a decline in new business in the euro zone's third-largest

Italy's service sector growth slows in August, PMI shows

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