Today: September 21, 2024
Today: September 21, 2024

Finance

Economy|Finance|News

Crude oil, gold exports help Canada swing to surprise trade surplus in June

Canada recorded a surprise trade surplus of C$638 million ($461 million) in June, data showed on Tuesday, mainly led by a jump in shipments of

Crude oil, gold exports help Canada swing to surprise trade surplus in June
Europe|Finance|News

EU governments give green light to 4.2 billion euros payout to Ukraine

European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial

EU governments give green light to 4.2 billion euros payout to Ukraine
Business|Finance|Technology

Tesla to fix 1.7 million vehicles in China, says market regulator

Tesla is performing a remote recall of 1.7 million vehicles in China with an over-the-air software update, the state market regulator said on Tuesday.

Tesla to fix 1.7 million vehicles in China, says market regulator
Business|Economy|Finance

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll
Business|Finance|Technology

GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist

GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than-

GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist
Business|Finance|Stock Markets

MarketAxess profit rises on demand for high-grade credit, government bonds

MarketAxess Holdings' second-quarter profit rose 8% due to robust trading activity in high-grade corporate debt and government bonds, it said on Tuesday.

MarketAxess profit rises on demand for high-grade credit, government bonds
Business|Finance|Stock Markets

Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks

Online brokerages Futu Holdings and UP Fintech Holding, known for helping Chinese investors buy global stocks, have told clients that night trading of U.S. shares would be

Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
Economy|Finance

Brazil central bank will raise rates if needed, minutes show

Brazil's central bank won't hesitate to raise interest rates if necessary to bring inflation down to its target, minutes from its July 30-31 policy meeting

Brazil central bank will raise rates if needed, minutes show
Business|Finance|Health

Listerine-maker Kenvue beats estimates on strong essential health product sales

Kenvue beat Wall Street estimates for second-quarter profit and revenue on Tuesday, helped primarily by better-than-expected sales in its essential health products unit that sells brands

Listerine-maker Kenvue beats estimates on strong essential health product sales
Finance|Stock Markets

Robinhood's second quarter to benefit from meme stock revival, crypto trading

Wall Street expects Robinhood's revenue to hit record highs in the second quarter as retail investors flock to its commission-free app to trade so-called 'meme stocks' and

Robinhood's second quarter to benefit from meme stock revival, crypto trading
Business|Finance

Caterpillar beats profit estimates as strong pricing cushions easing demand

Caterpillar beat Wall Street estimates for second-quarter profit on Tuesday, as higher prices and easing manufacturing costs countered moderating

Caterpillar beats profit estimates as strong pricing cushions easing demand
Business|Finance|Technology

Uber's second-quarter results beat on ride-sharing demand

Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on

Uber's second-quarter results beat on ride-sharing demand
Business|Economy|Finance

What are carry trades and how did they contribute to this week's global market mayhem?

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

What are carry trades and how did they contribute to this week's global market mayhem?
Business|Economy|Finance|News

UK targets 1 billion grocery products a month in inflation overhaul

Britain will gather price data from over 1 billion units of grocery sales each month from supermarket scanners when it introduces a new system for measuring inflation in the sector

UK targets 1 billion grocery products a month in inflation overhaul
Business|Economy|Finance|Stock Markets

Indexes end with strong gains, rebounding from global market sell-off

The S&P 500 and Nasdaq ended 1% higher on Tuesday as investors jumped back into the market a day after a dramatic sell-off, with recent comments by Federal

Indexes end with strong gains, rebounding from global market sell-off
Business|Finance

Sharpie-maker Newell moves more operations from China as tariffs loom

Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to

Sharpie-maker Newell moves more operations from China as tariffs loom
Finance|Stock Markets

Rollercoaster markets, Nikkei rebounds 10%

A look at the day ahead in U.S. and global markets from Mike Dolan The speed and scale of Tuesday's 10% Tokyo bounce after its worst day in 37 years suggests the wild global market swings of the past

Rollercoaster markets, Nikkei rebounds 10%
Business|Finance

Toronto home sales fall in July after June uptick, prices slightly up

Greater Toronto area home sales dropped in July on a month-to-month basis, data showed on Tuesday, after a surprise rise in June broke a fourth-month streak of drop in home deals.

Toronto home sales fall in July after June uptick, prices slightly up
Business|Finance|Technology

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

Solar firm SunPower said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria for $45 million in cash.

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million
Business|Europe|Finance|Stock Markets

Europe's STOXX 600 edges up in global recovery, earnings relief

European shares rose on Tuesday, mirroring a recovery in global markets after the previous day's mauling, with energy and technology stocks leading the

Europe's STOXX 600 edges up in global recovery, earnings relief
Business|Finance|Technology

SoftBank seen posting modest profit in Q1, buyback potential in focus

Japan's SoftBank Group is expected to report a modest first-quarter profit on Wednesday but investors are set to hone in on whether the tech investment giant will

SoftBank seen posting modest profit in Q1, buyback potential in focus
Business|Economy|Finance

Australia's RBA rules out rate cuts in near-term

The head of Australia's central bank on Tuesday ruled out rate cuts in the near term, saying policy had to remain restrictive to bring stubborn core inflation to heel.

Australia's RBA rules out rate cuts in near-term
Business|Finance

Holiday Inn owner IHG posts strong Q2 as US rebound outweighs China weakness

Holiday Inn-owner InterContinental Hotels Group reported a 3.2% rise in revenue per available room in the second quarter as a strong rebound in the United States offset weakness in China.

Holiday Inn owner IHG posts strong Q2 as US rebound outweighs China weakness
Business|Economy|Finance

Aramco profit dips 3%, keeps $31.1 billion dividend unchanged

Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its

Aramco profit dips 3%, keeps $31.1 billion dividend unchanged
Business|Economy|Finance|News

US recession worries surge again. What is in the data?

An unexpectedly weak U.S. employment report, featuring a post-pandemic high in the jobless rate, has rekindled worries a recession may be in the offing that

US recession worries surge again. What is in the data?

Follow