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

Finance

Asia|Business|Economy|Finance

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy's health

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
Business|Economy|Finance

Equities sell off sharply, Treasury yields drop with economic data in focus

MSCI's gauge of global equities fell sharply on Tuesday, with Wall Street stocks taking their biggest hit since early August while U.S.

Equities sell off sharply, Treasury yields drop with economic data in focus
Business|Finance

Japanese companies cannot use national security cover to block takeovers, official says

Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior finance ministry official said,

Japanese companies cannot use national security cover to block takeovers, official says
Economy|Finance

Dollar rises as traders eye data-heavy week; yen strengthens

The dollar rose to a two-week high against the euro on Tuesday as traders braced for a data-heavy week, including Friday's U.S. payrolls

Dollar rises as traders eye data-heavy week; yen strengthens
Asia|Business|Economy|Finance|News

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday and keep it there at least through 2025 as growth remains robust and inflation

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll
Europe|Finance|News

Ukraine's bondholders approve crucial $20 billion debt restructuring

Ukraine announced on Wednesday that international bondholders had formally approved its plan to restructure over $20 billion of debt amid its ongoing war with Russia.

Ukraine's bondholders approve crucial $20 billion debt restructuring
Business|Finance

Elliott now owns enough of Southwest Airlines to call special meeting

Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting

Elliott now owns enough of Southwest Airlines to call special meeting
Business|Economy|Finance

Summery weather helps boost UK consumer spending, surveys show

British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to

Summery weather helps boost UK consumer spending, surveys show
Business|Economy|Finance|News

New Zealand's data fog leaves its central bank flying blind

Lags in New Zealand's official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest

New Zealand's data fog leaves its central bank flying blind
Economy|Europe|Finance|News

French finance ministry's deficit warning adds to Macron's political headache

France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry warned in a

French finance ministry's deficit warning adds to Macron's political headache
Americas|Business|Finance

Holiday disruption at US hotels as 10,000 workers strike

Dozens of U.S. hotels faced disruptions during Monday's busy Labor Day public holiday as over 10,000 workers went on strike after contract talks stalled, employees and the

Holiday disruption at US hotels as 10,000 workers strike
Economy|Finance|Lifestyle|News

Family worries how they will pay for a $10,000 water bill

Family worries how they will pay for a $10,000 water bill

Family worries how they will pay for a $10,000 water bill
Americas|Finance|Technology

Brazil's government considers taxing big techs if revenue falls short

Brazil's Finance Ministry will submit proposals to Congress this year to tax big tech companies and implement a global minimum tax of 15% on multinational corporations to secure

Brazil's government considers taxing big techs if revenue falls short
Economy|Finance

EU recovery fund disbursement slow at mid-point of scheme, auditors warn

Only a third of the European Union's recovery fund cash had reached members by the end of last year and there is a risk it will not be fully used as

EU recovery fund disbursement slow at mid-point of scheme, auditors warn
Business|Europe|Finance

Blackstone buys stake in $1.2 billion European logistics fund

Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone, the latest push by the U.S. investment manager into

Blackstone buys stake in $1.2 billion European logistics fund
Business|Finance|Technology

HP to continue $4 billion damages case against Mike Lynch

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

HP to continue $4 billion damages case against Mike Lynch
Business|Economy|Finance

Russian central bank set to hike key rate by another 100 bps: Reuters poll

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters

Russian central bank set to hike key rate by another 100 bps: Reuters poll
Business|Finance|Technology

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say

TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say
Economy|Finance|News

Egypt central bank seen holding interest rates steady: Reuters poll

The Central Bank of Egypt CBE will leave its overnight interest rates unchanged when its monetary policy committee meets on Thursday as inflation continues to decline, a poll of

Egypt central bank seen holding interest rates steady: Reuters poll
Business|Economy|Finance|Stock Markets|Technology

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

Market values of major tech firms declined in August amid concerns

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
Business|Economy|Finance

A dollar on the defensive brings relief to policymakers globally

The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to

A dollar on the defensive brings relief to policymakers globally
Business|Finance|Stock Markets

Hedge funds bet against banks, insurance and property, says Goldman Sachs

Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported

Hedge funds bet against banks, insurance and property, says Goldman Sachs
Economy|Finance

Turkish finance minister sees balanced growth composition in 2024

Turkish Finance Minister Mehmet Simsek said on Monday the economy's growth composition is expected to be more balanced with less contribution from domestic demand this year.

Turkish finance minister sees balanced growth composition in 2024
Business|Finance|Stock Markets|Technology

Alstom closes sale of N.American signalling business to Knorr-Bremse

French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

Alstom closes sale of N.American signalling business to Knorr-Bremse
Business|Finance|Technology

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

Follow