Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Finance

Gold's run to record high may crimp demand: Russell

Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high.

Gold's run to record high may crimp demand: Russell
Business|Economy|Finance

Saudi non-oil activity growth eases in July, PMI shows

Growth in Saudi Arabia's non-oil sector eased in July from the previous month, with new orders increasing at the slowest pace in two and a half years, a survey showed on Monday.

Saudi non-oil activity growth eases in July, PMI shows
Asia|Business|Finance

South Korean stocks slump most since late 2008 in tech rout

South Korea's stock market marked its worst session since the global financial crisis of 2008 on Monday, with trading curbs activated for the first time in four years,

South Korean stocks slump most since late 2008 in tech rout
Business|Economy|Finance|Stock Markets

Investors' comments on global stocks rout

Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest

Investors' comments on global stocks rout
Economy|Finance|Technology

Crypto sell-off deepens as weak economic data dampens risk-taking

U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied

Crypto sell-off deepens as weak economic data dampens risk-taking
Asia|Business|Economy|Finance

China's services activity expands further, but external demand slows, Caixin PMI shows

Growth in China's services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months, a private-sector survey

China's services activity expands further, but external demand slows, Caixin PMI shows
Asia|Economy|Finance

Dollar down as US rate cut bets rise, yen surges

A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic

Dollar down as US rate cut bets rise, yen surges
Business|Economy|Finance|Stock Markets

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Japan's benchmark Nikkei 225 index has soared nearly 11% a day after it set markets tumbling in Europe and on Wall Street

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street
Business|Economy|Finance

Oil falls as global equities selloff offsets rising Middle East tensions

Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran's retaliation for the assassination of a

Oil falls as global equities selloff offsets rising Middle East tensions
Business|Economy|Finance|News

Bank of Japan made hawkish tilt, debated inflation risk in June, minutes show

At least two of the Bank of Japan's nine board members called for an early interest rate increase at a policy meeting in June, minutes showed on Monday, underlining

Bank of Japan made hawkish tilt, debated inflation risk in June, minutes show
Business|Economy|Finance

China Evergrande's EV arm units to enter bankruptcy proceedings, court rules

China Evergrande's electric vehicle group said on Monday a Chinese court had ruled that two of its subsidiaries should enter bankruptcy and be reorganised

China Evergrande's EV arm units to enter bankruptcy proceedings, court rules
Asia|Business|Economy|Finance|Stock Markets

Stocks sink with dollar, Treasuries volatile on recession fears

Equities suffered heavy losses around the globe on Monday as Wall Street added to a rout that started in Japan, while the dollar tumbled

Stocks sink with dollar, Treasuries volatile on recession fears
Asia|Business|Finance

Goodbye soft landing, hello emergency landing

A look at the day ahead in Asian markets. 

Goodbye soft landing, hello emergency landing
Business|Finance

Snickers maker Mars explores acquisition of Kellanova, sources say

Family-owned packaged food giant Mars, whose candy brands include M&M's and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and

Snickers maker Mars explores acquisition of Kellanova, sources say
Business|Economy|Finance

Elon Musk says Fed foolish not to have cut interest rates

Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already.

Elon Musk says Fed foolish not to have cut interest rates
Business|Finance|Stock Markets

Global stock traders face dip-buying dilemma after crushing selloff

A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S

Global stock traders face dip-buying dilemma after crushing selloff
Business|Economy|Finance

Egypt's net foreign assets positive for second month in June

Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more than two years, central bank data showed.

Egypt's net foreign assets positive for second month in June
Business|Finance|Technology

Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%

Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%

Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%
Economy|Finance|News

Uncertainty among Americans grows continuously after weak jobs report

Americans' uncertainty around the economy continues to grow as the government’s latest jobs report fell short of expectations. Now, pressure is building on the Federal Reserve to lower interest rates in September. CNN's Brian Todd reports.

Uncertainty among Americans grows continuously after weak jobs report
Business|Economy|Finance|Technology

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter

Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market because the investor is so revered and there had been little positive financial news lately

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter
Business|Europe|Finance

Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports

Abrdn finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on

Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports
Business|Finance|News|Stock Markets

Berkshire halves Apple stake, boosts cash to $277 billion as it gets 'defensive’

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the

Berkshire halves Apple stake, boosts cash to $277 billion as it gets 'defensive’
Europe|Finance|News

S&P cuts Ukraine rating to 'selective' default as restructuring looms

S&P Global cut Ukraine's credit rating to 'selective' default on Friday, after the war-torn country missed an international bond payment this week as it puts the

S&P cuts Ukraine rating to 'selective' default as restructuring looms
Business|Finance

Silicon Valley Bank's former owner gains approval to end bankruptcy

SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and end

Silicon Valley Bank's former owner gains approval to end bankruptcy
Business|Economy|Finance|Stock Markets

Hedge funds grow bearish amid economic slowdown jitters, Goldman says

Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than

Hedge funds grow bearish amid economic slowdown jitters, Goldman says

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