Today: November 21, 2024
Today: November 21, 2024

Finance

Economy|Finance|US

Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially

Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll
Europe|Finance|Stock Markets

Europe's STOXX 600 flat in volatile trading; real estate weighs

Europe's main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical

Europe's STOXX 600 flat in volatile trading; real estate weighs
Asia|Business|Finance|Stock Markets

China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth

China's cashed-up crowd is back in the stock market
Business|Finance|Technology

Nokia wins 'multi-billion' dollar deal in India

Finnish telecom equipment supplier Nokia on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.

Nokia wins 'multi-billion' dollar deal in India
Africa|Economy|Finance

South Africa inflation drops to lowest in over four years

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,

South Africa inflation drops to lowest in over four years
Asia|Business|Economy|Finance

Japan set to approve $87 billion economic stimulus this week

Japan's ruling coalition on Wednesday agreed with a key opposition party on the draft of an economic stimulus package, clearing a major hurdle for the $87

Japan set to approve $87 billion economic stimulus this week
Asia|Economy|Finance

Indonesia central bank leaves rates on hold as it focuses on FX stability

Indonesia's central bank left interest rates unchanged on Wednesday, as expected, saying changed global dynamics after the U.S. election

Indonesia central bank leaves rates on hold as it focuses on FX stability
Economy|Europe|Finance

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts
Election|Finance

There may be no durable Trump trade: Mike Dolan

Pity the poor forecasters compiling 2025 investment outlooks. Little of their hastily-compiled post-election annual outlooks may endure beyond the end of this year.

There may be no durable Trump trade: Mike Dolan
Business|Finance|Stock Markets|Technology

STMicroelectronics delays financial targets, CEO says governments distorting markets

Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its

STMicroelectronics delays financial targets, CEO says governments distorting markets
Business|Economy|Europe|Finance

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients
Business|Europe|Finance|Stock Markets|Technology

British inflation set to dominate before Nvidia

A look at the day ahead in European and global markets from Stella Qiu Trading was subdued in Asia with everyone waiting for the earnings results of AI darling Nvidia, the world's most valuable

British inflation set to dominate before Nvidia
Asia|Business|Economy|Finance

Thailand expects to distribute $4 billion in handouts in Q2 next year

Thailand expects to conduct the third phase of its cash handout stimulus programme in the second quarter next year, when 140 billion baht ($4.1 billion) will be distributed to 14

Thailand expects to distribute $4 billion in handouts in Q2 next year
Asia|Business|Economy|Finance|Stock Markets

China funds slash ETF fees, escalating price war in booming market

Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the

China funds slash ETF fees, escalating price war in booming market
Asia|Business|Economy|Finance|Stock Markets

How far could the Bank of Japan raise interest rates?

The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing

How far could the Bank of Japan raise interest rates?
Economy|Finance|Stock Markets|US

Investors lift US dollar, focus on Federal Reserve outlook

The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's

Investors lift US dollar, focus on Federal Reserve outlook
Business|Finance|Technology|US

Bitcoin surges to record high near $95,000

Bitcoin rose to a fresh record high just shy of $95,000 after a report that Donald Trump's social media

Bitcoin surges to record high near $95,000
Business|Economy|Finance|World

Oil settles down on strong US supply, losses capped by Ukraine escalation

Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the

Oil settles down on strong US supply, losses capped by Ukraine escalation
Asia|Business|Finance|Stock Markets|Technology

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results

Global shares edged lower on Wednesday as markets weighed tensions between Russia and the West, while bitcoin hit a new record high and

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results
Asia|Economy|Finance

Japan records a trade deficit in October for a 4th straight month, despite export recovery

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and rising energy prices kept import costs high

Japan records a trade deficit in October for a 4th straight month, despite export recovery
Business|Economy|Finance

Gender pay gap narrows marginally in Australia, government report shows

The gender pay gap in Australia has narrowed marginally though women employees on average still earned A$28,425 ($18,590) less each year than their male colleagues, a

Gender pay gap narrows marginally in Australia, government report shows
Australia|Business|Finance|Technology

Top Aussie banks join hands to combat fraud and scam in banking payments

Major Australian banks have partnered with BioCatch in launching a pilot of an anti-scam project, aimed at reducing frauds in banking payments, the Israeli digital fraud detection startup

Top Aussie banks join hands to combat fraud and scam in banking payments
Asia|Economy|Finance

China leaves lending benchmark LPRs unchanged, as expected

China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higher-than-expected margins last month to revive economic

China leaves lending benchmark LPRs unchanged, as expected
Business|Economy|Election|Finance|US

California voters reject measure that would have raised minimum wage to nation-high $18 per hour

California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour

California voters reject measure that would have raised minimum wage to nation-high $18 per hour
Asia|Business|Economy|Finance|Stock Markets|Technology

Alibaba raises $5 billion in dual currency bond deal

Alibaba has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this

Alibaba raises $5 billion in dual currency bond deal
Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Finance|Stock Markets|Technology

Kadokawa shares surge after news of Sony acquisition talks

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire

Kadokawa shares surge after news of Sony acquisition talks
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Business|Finance|Stock Markets|Technology

Nokia's US shares rise after T-Mobile says no plans to stop partnership

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report

Nokia's US shares rise after T-Mobile says no plans to stop partnership
Australia|Economy|Finance

Australia statistician overstated child care costs, but no impact on CPI

Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in any changes to

Australia statistician overstated child care costs, but no impact on CPI
Business|Finance|Stock Markets|US

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

A federal judge on Tuesday rejected Pfizer's bid to recoup about $75.2 million left over from a U.S.

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules
Asia|Business|Finance

US-Russia fright fades, Nvidia vigil almost over

A look at the day ahead in Asian markets. 

US-Russia fright fades, Nvidia vigil almost over
Business|Finance|Technology|US

Dell, Iron Bow settle charges they overcharged the Army, DOJ says

Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing

Dell, Iron Bow settle charges they overcharged the Army, DOJ says
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Finance|Sports|US

Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all

A combination of hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at all

Tampa Bay Rays say new St. Pete stadium is unlikely to be ready for 2028 season, if at all
Business|Finance|Political|US|World

US State Dept. OKs potential $100 million sale of military equipment to Ukraine

The U.S. Department of State has approved the potential $100 million sale of military equipment and services to Ukraine, the Pentagon said in a statement on Tuesday.

US State Dept. OKs potential $100 million sale of military equipment to Ukraine
Business|Economy|Finance|US

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders

Wall Street veteran Howard Lutnick, whose domain stretches from brokerages to real estate, has been one of Donald Trump's biggest promoters from the business world in recent

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Finance

Fed's Schmid says it is uncertain how far interest rates can fall

It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is

Fed's Schmid says it is uncertain how far interest rates can fall
Business|Election|Finance|US

Walmart, other US companies raise concerns over proposed Trump tariffs

Corporate executives were taking a wait-and-see approach to President-elect Donald Trump's vow to impose heavy tariffs on imports when he

Walmart, other US companies raise concerns over proposed Trump tariffs
Americas|Business|Finance

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets

Brazilian development bank BNDES signed a deal with Paraguay's government on Monday to provide 600 million reais ($103.9 million) in financing for the export of six Embraer's Super Tucano

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets
Business|Celebrity|Entertainment|Finance|Sports

Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record

Jake Paul and Mike Tyson punched up a record-breaking gate at AT&T Stadium on Saturday with 72,300 fans in attendance leading to $18,117,072 in total revenue, a record for boxing and mixed martial

Paul-Tyson fetches non-Vegas record $18.1M revenue; sets streaming record
Business|Economy|Finance|Lifestyle

Starting a small business is hard. Exiting can be even harder, but planning early is the key

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it’s best to have a plan well in advance of making a big change

Starting a small business is hard. Exiting can be even harder, but planning early is the key
Economy|Environment|Finance

What new taxes could help raise money to fight climate change?

The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming.

What new taxes could help raise money to fight climate change?
Asia|Business|Economy|Europe|Finance|US

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs

Chinese President Xi Jinping told German Chancellor Olaf Scholz

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs
Business|Economy|Finance|Food

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Finance|Celebrity|Lifestyle

TikTok is a swamp of bad financial advice, and experts are fighting back

Money.ca profiles the influencers trying to share real financial advice in a sea of social media clickbait.

TikTok is a swamp of bad financial advice, and experts are fighting back
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Health

Healthcare executives expect more IPOs and corporate dealmaking in 2025

Healthcare executives and investors expect an uptick in initial public offerings and corporate dealmaking in 2025, with geopolitical tensions overtaking

Healthcare executives expect more IPOs and corporate dealmaking in 2025
Business|Economy|Finance|US

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. 

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Business|Economy|Europe|Finance

Italian lawmakers urge government to scale back crypto, web tax plans

Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a

Italian lawmakers urge government to scale back crypto, web tax plans
Business|Economy|Finance

Canada's annual inflation rate rises to 2% in October

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of

Canada's annual inflation rate rises to 2% in October
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Economy|Finance

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Environment|Finance|World

Beyond B-loans? Development banks seek private money for climate change fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change,

Beyond B-loans? Development banks seek private money for climate change fight
Economy|Finance

IMF deal would give Ukraine access to about $1.1 billion, Fund says

International Monetary Fund staff and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that

IMF deal would give Ukraine access to about $1.1 billion, Fund says
Business|Finance|US

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials
Business|Economy|Finance|Technology

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart
Business|Finance|US

Walmart heads into official start of holiday season with strong momentum after robust 3Q results

Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could

Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Business|Finance|Technology

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden

Drone maker AeroVironment seeks lift from $4.1 billion deal for BlueHalo
Business|Finance|US

Mantle Ridge nominates new board for Air Products, pushes for new CEO

Mantle Ridge has nominated nine directors to replace the board at Air Products and Chemicals, with the activist investor pushing the industrial gases maker

Mantle Ridge nominates new board for Air Products, pushes for new CEO
Business|Economy|Europe|Finance

Bank of England consults on post-Brexit market infrastructure rules

The Bank of England said on Tuesday it was launching a consultation on proposed, post-Brexit rules for clearing houses, payment system operators and other financial market

Bank of England consults on post-Brexit market infrastructure rules
Business|Economy|Finance|US

Treasuries pop on US Secretary race, Russia warning

A look at the day ahead in U.S. and global markets from Mike Dolan U.S.

Treasuries pop on US Secretary race, Russia warning
Business|Finance|Stock Markets|US

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs

Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand,

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
Business|Economy|Finance

German economy to stagnate as labour market cools, tariffs loom

The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country's central

German economy to stagnate as labour market cools, tariffs loom
Election|Finance|Technology|US

Cryptoverse: 'Elation' as bitcoin basks in Trump glow

Joe McCann was sitting in his Miami condo, eyes glued to screens flashing with bitcoin trades as the American election results rolled in.

Cryptoverse: 'Elation' as bitcoin basks in Trump glow
Americas|Business|Economy|Finance

Bank of Mexico flags more rate cuts due to progress on lowering inflation

The Bank of Mexico will likely be able to continue cutting its benchmark interest rate due to the progress made on bringing inflation down, bank governor

Bank of Mexico flags more rate cuts due to progress on lowering inflation
Business|Finance|US

Morgan Stanley courts employees of near-IPO companies for wealth management

Morgan Stanley is looking to add employees of startup companies as wealth management clients as U.S. investment banks prepare for a revival of initial public

Morgan Stanley courts employees of near-IPO companies for wealth management
Business|Finance|Stock Markets|Technology|US

Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options

Nvidia's options primed for $300-billion price swing after earnings
Asia|Business|Finance|Stock Markets

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says
Business|Europe|Finance|Technology

Aerospace firms urge more European collaboration ahead of Trump return

Aerospace companies urged European governments to bolster the autonomy of their defence and space industries and take a clear position on trade as the

Aerospace firms urge more European collaboration ahead of Trump return
Business|Economy|Finance

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual

The Bank of England's most recently appointed interest rate-setter Alan Taylor said the central bank's gradual approach to cutting borrowing costs was in line with recent market

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual
Europe|Finance

ECB's Panetta calls for lower rates, forward stance, guidance

The European Central Bank should return to a more forward-looking approach in setting monetary policy and provide more guidance on future moves now that post-pandemic shocks are

ECB's Panetta calls for lower rates, forward stance, guidance
Asia|Economy|Finance

Thailand to start second stage of stimulus programme in January

The second phase of Thailand's "digital wallet" handout scheme will be launched in January and distribute 40 billion baht ($1.16

Thailand to start second stage of stimulus programme in January
Asia|Business|Finance|Stock Markets|Technology

China's Xpeng says no impact from US curbs on its Turing AI chip output

Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S.

China's Xpeng says no impact from US curbs on its Turing AI chip output
Business|Economy|Europe|Finance|World

Rheinmetall aims for 20 billion euros in sales in 2027

Rheinmetall aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the

Rheinmetall aims for 20 billion euros in sales in 2027
Economy|Europe|Finance|World

Safe-haven assets rally after Russia updates nuclear doctrine

Safe-haven assets bounced sharply on Tuesday, after a warning from Russia over its updated nuclear doctrine that was aimed at making possible enemies aware of inevitable retaliation

Safe-haven assets rally after Russia updates nuclear doctrine
Business|Finance|Health|Science|US

Bayer acquires rights to Cytokinetics' heart drug in Japan

Bayer on Tuesday struck a collaboration deal with U.S. biotech firm Cytokinetics to acquire certain rights in Japan to an experimental heart drug, as the German group strengthens

Bayer acquires rights to Cytokinetics' heart drug in Japan
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Business|Economy|Finance

China expected to leave benchmark lending rates unchanged on Wednesday

China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan

China expected to leave benchmark lending rates unchanged on Wednesday
Business|Finance

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a

Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe
Asia|Finance|Stock Markets

Stock market today: Nvidia helps pull US indexes higher

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Stock market today: Nvidia helps pull US indexes higher
Business|Economy|Finance

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Asia|Business|Economy|Finance

IMF warns Asia retaliatory tariffs could undermine growth

The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat" tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains even

IMF warns Asia retaliatory tariffs could undermine growth
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Australia|Business|Finance|Stock Markets|US

Sayona Mining, Piedmont agree to create $623 million lithium miner

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and

Sayona Mining, Piedmont agree to create $623 million lithium miner
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Business|Economy|Finance

Australia central bank pondered scenarios for rate changes at Nov meeting

Australia's central bank said on Tuesday that there was no immediate need to change interest rates, having left them steady for a year now, but it was important to be ready

Australia central bank pondered scenarios for rate changes at Nov meeting
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Business|Finance|US

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs

Blackstone has agreed to buy Jersey Mike's Subs, the sandwich chain said on Tuesday, in a deal that a source said valued the company at around $8

Blackstone strikes $8-billion deal for sandwich chain Jersey Mike's Subs
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Business|Finance|Stock Markets

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows
Asia|Economy|Finance

South Korea pledges 45% increase in World Bank fund contribution

South Korean President Yoon Suk Yeol has pledged a 45% increase in the country's contribution to the World Bank's International Development Association fund to more than $600 million

South Korea pledges 45% increase in World Bank fund contribution
Business|Finance

Tackling estate planning in 7 basic steps

Estate planning is one of those tasks that makes almost any other job look appealing, no matter how lowly

Tackling estate planning in 7 basic steps
Business|Finance|Stock Markets|Technology

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
Business|Economy|Finance

BOJ to bid farewell to stimulus era, justify rate hikes in policy review

The Bank of Japan will release next month its findings on the pros and cons of the various unconventional monetary easing tools used in its 25-year battle with

BOJ to bid farewell to stimulus era, justify rate hikes in policy review
Asia|Finance

Seeking global steer, watching Fed pendulum swings

A look at the day ahead in Asian markets. 

Seeking global steer, watching Fed pendulum swings
Asia|Business|Crime|Finance|Stock Markets|US

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act

The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Finance|Stock Markets|US

ADM's Q3 earnings fall, report delayed after more accounting errors found

Global grain trader Archer-Daniels-Midland reported lower third-quarter profits on Monday due to weakness in its grain business, an announcement delayed by the need to correct

ADM's Q3 earnings fall, report delayed after more accounting errors found
Business|Economy|Finance|US

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
Business|Finance|Technology

Trump's social media group in talks to buy Bakkt, FT reports

Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, citing two people with knowledge of the talks.

Trump's social media group in talks to buy Bakkt, FT reports
Business|Finance|US

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million

A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery

Judge reduces UPS driver's $237.6 million bias verdict to $39.6 million
Economy|Europe|Finance

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living

Prime Minister Kyriakos Mitsotakis says Greece is set to make an early repayment of 5 billion euros or $5.3 billion in bailout-era debt in 2025

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
Economy|Finance|US

Trump's treasury pick could give an indication of what he plans to do about tariffs

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration

Trump's treasury pick could give an indication of what he plans to do about tariffs
Business|Economy|Finance|Health|US

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say

Activist investor Ananym Capital Management is urging healthcare products distributor Henry Schein to refresh its board, cut costs, tackle succession

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say
Business|Economy|Finance|US

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job
Finance|Stock Markets|US

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500

Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Economy|Finance|US

US labor market still boosting inflation, San Francisco Fed economists say

A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San

US labor market still boosting inflation, San Francisco Fed economists say
Business|Europe|Finance

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe

Ex-Barclays CEO Jes Staley gave misleading answers to Britain's Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with

FCA says ex-Barclays CEO Staley misled it over Epstein contacts during probe
Americas|Business|Economy|Finance

Brazil's central bank chief says monetary policy tied to fiscal fears

Brazil's central bank chief, Roberto Campos Neto, said on Monday that monetary policy is being driven to some extent by fiscal policy as risk premiums on long-term

Brazil's central bank chief says monetary policy tied to fiscal fears
Business|Finance|US

Boeing to lay off over 2,500 workers in US as part of sweeping cuts

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings

Boeing to lay off over 2,500 workers in US as part of sweeping cuts
Business|Finance|Stock Markets|US

Ultra low-cost carrier Spirit Airlines files for bankruptcy

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt

Ultra low-cost carrier Spirit Airlines files for bankruptcy
Business|Election|Finance|US

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say

U.S.

Trump's search for Treasury pick widens with Warsh, Rowan among names, sources say
Economy|Finance

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%

Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said on Monday.

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%
Environment|Finance|US

Evian maker Danone defeats lawsuit over 'carbon neutral' claim

The maker of Evian spring water, Danone, won the dismissal of a lawsuit challenging its "carbon neutral" claim on bottles, as a U.S. judge reversed his earlier

Evian maker Danone defeats lawsuit over 'carbon neutral' claim

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