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

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Business|Economy|Finance|Health

Drug distributors strike $300 million opioid settlement with US health plans

The three largest U.S. drug distributors have agreed to pay $300 million to resolve claims by health insurers and benefit plans that they helped fuel the deadly U.S. opioid

Drug distributors strike $300 million opioid settlement with US health plans
Business|Finance|Stock Markets

U.S. stock rally broadens as investors await Fed

A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data

U.S. stock rally broadens as investors await Fed
Business|Finance

Catalent delays filing of annual report

Catalent said on Friday it was unable to file its annual report with regulators on time as it requires additional time to complete "certain processes".

Catalent delays filing of annual report
Business|Finance

China's Sinochem plans to exit US shale JV with Exxon, sources say

Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards

China's Sinochem plans to exit US shale JV with Exxon, sources say
Business|Economy|Finance|Technology

US crypto executives to throw Washington fundraiser for Harris

Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $

US crypto executives to throw Washington fundraiser for Harris
Business|Finance|News|Travel

As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says

Canada is reluctant to force Air Canada's pilots back to work if they go on strike, a government source told Reuters this week,

As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says
Business|Election|Finance|Health|News

Trump wants to make the GOP a 'leader' on IVF. Republicans' actions make that a tough sell

Republican presidential nominee Donald Trump is vowing to force health insurance companies or the federal government to pay for IVF treatments, a proposal at odds with the actions of much of his own party

Trump wants to make the GOP a 'leader' on IVF. Republicans' actions make that a tough sell
Business|Economy|Finance

Brazil targets banks in income tax hike bill

Brazil's government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike for banks.

Brazil targets banks in income tax hike bill
Business|Finance

Goldman to lay off a few hundred employees in annual talent review, source says

Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday.

Goldman to lay off a few hundred employees in annual talent review, source says
Americas|Economy|Finance

Brazil's government to end 2024 within fiscal target tolerance band, finance minister says

Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the

Brazil's government to end 2024 within fiscal target tolerance band, finance minister says
Crime|Election|Finance|News|Political

Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment

Two former Georgia election workers who won a $148 million defamation judgment against Rudy Giuliani are asking a court to award them the cash-strapped former New York City mayor’s apartment and other property as they ramp up efforts to collect on the staggering debt

Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment
Business|Finance|News|Technology

RTX fined $200 million for exports to China and others, US says

RTX Corp will pay a $200 million fine to settle allegations that the aerospace and defense company violated export laws by exchanging data and products with

RTX fined $200 million for exports to China and others, US says
Business|Economy|Finance|News

Libya central bank showdown risks spiralling into wider crisis

A struggle to control the Central Bank of Libya (CBL) has already sparked a blockade of oil production and it threatens the worst crisis in years for the major energy

Libya central bank showdown risks spiralling into wider crisis
Election|Finance|News

Giuliani sued over luxury condo by Georgia election workers who won $148 million judgment

The two former Georgia election workers who won a $148 million judgment against Rudolph Giuliani filed a civil lawsuit against the onetime personal lawyer to

Giuliani sued over luxury condo by Georgia election workers who won $148 million judgment
Economy|Europe|Finance

ECB would be "wise" to cut rates in September, Villeroy says

The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of

ECB would be "wise" to cut rates in September, Villeroy says
Economy|Finance|News

US consumers' near-term inflation expectation lowest since 2020, UMich data shows

U.S. consumers see inflation continuing to moderate in the next year, with a gauge of price growth expectations published on Friday at the lowest level in August since late 2020.

US consumers' near-term inflation expectation lowest since 2020, UMich data shows
Asia|Business|Finance

China's top banks post lower second quarter profit as property sector weighs

Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to

China's top banks post lower second quarter profit as property sector weighs
Economy|Finance|News

US bond funds see sharp inflows amid bets of rate cut

U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and

US bond funds see sharp inflows amid bets of rate cut
Asia|Economy|Finance|News

Singapore plans law to restrict banking transactions of scam targets

Singapore's home ministry said on Friday that it will introduce a law in coming months to grant police the power to temporarily restrict the banking transactions of targets of

Singapore plans law to restrict banking transactions of scam targets
Business|Economy|Finance

Instant view: No surprises from US PCE inflation to alter Fed easing path

The personal consumption expenditures (PCE) price index rose 0.2% last month after an unrevised 0.1% gain in June, the Commerce Department said on Friday, matching economists' forecasts.

Instant view: No surprises from US PCE inflation to alter Fed easing path
Economy|Finance|News

Fed seen poised for September rate cut as inflation cools

Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they

Fed seen poised for September rate cut as inflation cools
Economy|Finance

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Business|Finance

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass

Lithium Americas said on Friday that General Motors had agreed to delay an additional investment worth $330 million in the miner until the end of the year.

GM, Lithium Americas agree to delay $330 million investment in Thacker Pass
Business|Economy|Finance

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

Global bond funds attracted the biggest weekly inflow in six weeks in the seven days to Aug. 28, buoyed by heightened purchases of government bonds amid anticipation of a September Fed

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

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