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

Finance

Economy|Finance

Fridges not bridges: China veers off beaten path with consumer stimulus

China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling

Fridges not bridges: China veers off beaten path with consumer stimulus
Asia|Business|Economy|Finance

What the BOJ's reduced bond buying will mean for markets

The Bank of Japan (BOJ) is expected to unveil details of a quantitative tightening (QT) plan at its monetary policy meeting next week, aimed at reducing its holdings

What the BOJ's reduced bond buying will mean for markets
Business|Finance|Technology

JPMorgan launches in-house chatbot as AI-based research analyst, FT reports

JPMorgan Chase has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI's ChatGPT can do the work of a research analyst,

JPMorgan launches in-house chatbot as AI-based research analyst, FT reports
Economy|Finance

China's rate cuts sequence hints at reduced role for MLF

China's latest series of rate cuts show the central bank's monetary framework has changed, analysts said, with the short-term repo rate becoming the primary signal and a

China's rate cuts sequence hints at reduced role for MLF
Asia|Business|Europe|Finance

Amundi's Q2 net inflows beat estimates on Asian contributions

Amundi, Europe's biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse products.

Amundi's Q2 net inflows beat estimates on Asian contributions
Economy|Europe|Finance|Stock Markets

Stocks on firmer footing after wild week

A look at the day ahead in European and global markets from Kevin Buckland An element of calm has returned to markets as a wild week winds down, with European and U.S. stock futures pointing overall

Stocks on firmer footing after wild week
Economy|Finance

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
Asia|Economy|Finance

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Americas|Economy|Election|Finance

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply

Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year.

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Economy|Finance

Dollar treads water after tame US inflation report, yen rally stalls

The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the

Dollar treads water after tame US inflation report, yen rally stalls
Economy|Finance

Japan urges G20 vigilance against excessive FX fluctuations

Japan has urged its G20 peers to be increasingly vigilant to excessive foreign exchange rate fluctuations driven by speculation, Tokyo's top currency

Japan urges G20 vigilance against excessive FX fluctuations
Business|Economy|Finance

Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity

Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient

Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity
Economy|Finance

G20 finance ministers discuss a global tax on the super-rich

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

G20 finance ministers discuss a global tax on the super-rich
Business|Education|Finance

KKR to take edu-tech firm Instructure private for $4.8 billion

KKR & Co will take education software platform Instructure Holdings private for $4.8 billion, the private equity firm said on Thursday.

KKR to take edu-tech firm Instructure private for $4.8 billion
Asia|Economy|Finance

Stocks not out of the woods after trying to recover

- A look at the day ahead in Asian markets by Alden Bentley in New York.

Stocks not out of the woods after trying to recover
Business|Economy|Finance|Stock Markets

L3Harris raises 2024 outlook amid global tensions

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid

L3Harris raises 2024 outlook amid global tensions
Business|Economy|Finance|Stock Markets

Norfolk Southern beats second-quarter profit estimates on higher pricing

U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday.

Norfolk Southern beats second-quarter profit estimates on higher pricing
Americas|Business|Economy|Finance

IDB and Brazilian banks announce development of Amazon rainforest ETF

The Inter-American Development Bank and Brazilian public banks BNDES, Banco do Brasil and Caixa Economica Federal announced on Thursday they will jointly develop an exchange

IDB and Brazilian banks announce development of Amazon rainforest ETF
Economy|Finance

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports

Britain's new finance minister Rachel Reeves is expected to reveal a 20 billion pound ($25.7 billion) shortfall in the public finances, potentially paving the way for tax rises in

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports
Business|Finance

Charles Schwab names Michael Verdeschi as CFO

Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday.

Charles Schwab names Michael Verdeschi as CFO
Economy|Finance

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich

Brazilian Finance Minister Fernando Haddad said on Thursday that G20 finance leaders were poised to endorse a joint declaration on international tax cooperation addressing

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich
Business|Economy|Finance

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Economy|Finance|Stock Markets|Technology

Tech-led selloff drives record volume in NDX options

The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks.

Tech-led selloff drives record volume in NDX options
Business|Economy|Finance

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing

Ackman cuts new fund's target size, asks investors to commit
Economy|Finance

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

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