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

Finance

Business|Economy|Finance

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices
Europe|Finance

Fed composes fraught markets

A look at the day ahead in European and global markets from Vidya Ranganathan It's happening all-at-once again in markets.

Fed composes fraught markets
Business|Finance

Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business

Indonesia's state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its

Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business
Business|Economy|Finance

Australia central bank rules out near-term rate cut on inflation risks

Australia's central bank on Tuesday ruled out the possibility of an interest rate cut this year, saying core inflation is expected to come down only slowly, after it held interest

Australia central bank rules out near-term rate cut on inflation risks
Finance|Stock Markets

Aftershocks of carry trade at heart of market rout could still have reverberations

Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more

Aftershocks of carry trade at heart of market rout could still have reverberations
Business|Economy|Finance|Stock Markets|World

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Business|Finance

Evergrande aims to recover $6 billion from founder Hui, former top execs

China Evergrande Group said on Monday its liquidators were seeking to recover about $6 billion from seven defendants, including founder Hui Ka Yan, adding that they had obtained injunctions

Evergrande aims to recover $6 billion from founder Hui, former top execs
Finance|Stock Markets

Taiwan stocks rebound after plunge, TSMC ends up 8%

Taiwan stocks closed higher on Tuesday from a record plunge on Monday, with contract chipmaker TSMC up 8%, but sentiment remains cautious amid lingering investor concerns about the

Taiwan stocks rebound after plunge, TSMC ends up 8%
Asia|Business|Economy|Finance|News

Investors' comments on global market bounce

Global stocks rallied on Tuesday, partly reversing some of the previous day's steep declines, while the Japanese yen took a breather, after central bank officials said all the right things

Investors' comments on global market bounce
Asia|Business|Economy|Finance

BOJ executives to speak as market rout tests rate hike resolve

The Bank of Japan is facing fresh communication challenges as last week's decision to raise interest rates, coupled with U.S. recession fears,

BOJ executives to speak as market rout tests rate hike resolve
Business|Economy|Finance

China stocks struggle to rebound after global markets slump

China stocks struggled to rise on Tuesday despite the rebound in regional markets as investors remained concerned about its lagging economic recovery.

China stocks struggle to rebound after global markets slump
Business|Finance|Stock Markets

Japanese stocks rebound from worst crash since 1987 while global markets are mixed

Japanese stocks rebound from worst crash since 1987 while global markets are mixed

Japanese stocks rebound from worst crash since 1987 while global markets are mixed
Asia|Business|Economy|Finance

Japan seeks to calm market's nerves after stock price fluctuations

Japanese leaders rushed on Tuesday to assuage concerns about the sharp swings in the country's financial markets, with the prime minister

Japan seeks to calm market's nerves after stock price fluctuations
Economy|Finance

Dollar recovers ground, steadies against yen as market frenzy eases

The dollar recovered ground against most major peers on Tuesday and the Japanese yen steadied around seven-month highs against the U.S.

Dollar recovers ground, steadies against yen as market frenzy eases
Business|Finance|Stock Markets

Japanese shares rally hard after biggest sell-off since 1987 Black Monday crash

Japanese stocks rebounded sharply on Tuesday from the previous session's searing sell-off and double-digit losses as Federal Reserve comments and data gave investors

Japanese shares rally hard after biggest sell-off since 1987 Black Monday crash
Asia|Business|Finance

Citi hires Singapore executive from DBS to lead wealth in Asia South

Citigroup has hired Yeo Wenxian as head of wealth for Asia South region from Singapore's biggest lender DBS Group Holdings, according to a memo seen by Reuters.

Citi hires Singapore executive from DBS to lead wealth in Asia South
Asia|Economy|Finance

Japan's June real wages rise for first time in nearly two years

Japan's inflation-adjusted real wages rose in June for the first time in more than two years as nominal pay gained at the fastest pace in nearly

Japan's June real wages rise for first time in nearly two years
Asia|Business|Finance|Stock Markets

Global stocks rebound from sell-off; Treasury yields, dollar higher

Equities around the world rebounded on Tuesday from the previous day's aggressive sell-off while Treasury yields rose and the dollar was

Global stocks rebound from sell-off; Treasury yields, dollar higher
Finance

Fed's reverse repo drops to lowest in over 3 years

The New York Federal Reserve said it accepted $316.246 billion submitted to its overnight reverse repo facility on Monday, the lowest

Fed's reverse repo drops to lowest in over 3 years
Business|Economy|Finance|News

Fed's Daly: more confident inflation is on path to 2%

San Francisco Federal Reserve Bank President Mary Daly on Monday said she is "more confident" U.S. inflation is headed toward the Fed's 2% goal. 

Fed's Daly: more confident inflation is on path to 2%
Business|Economy|Finance

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO

Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday.

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO
Asia|Business|Economy|Finance

Taking stock of Japan's historic market crash

A look at the day ahead in Asian markets. 

Taking stock of Japan's historic market crash
Business|Finance

Elliott breaks down Southwest ownership in new regulatory filing

Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines, giving a breakdown of what

Elliott breaks down Southwest ownership in new regulatory filing
Finance

Morgan Stanley says SEC seeking details on advisory account cash balances

Morgan Stanley said on Monday it had received requests from the enforcement division of the U.S. securities regulator regarding advisory account cash balances swept to affiliate bank

Morgan Stanley says SEC seeking details on advisory account cash balances
Business|Finance|Stock Markets

CSX beats second-quarter profit on better volumes, strong pricing

U.S. railroad operator CSX narrowly beat second-quarter profit estimates on Monday, helped by higher shipment volumes and robust pricing, sending its shares up 5% after the bell.

CSX beats second-quarter profit on better volumes, strong pricing

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