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

Finance

Asia|Economy|Finance

Japan to resume funding for stalled projects in Sri Lanka, envoy says

Japan will resume funding for all stalled projects in Sri Lanka, Tokyo's envoy there said on Wednesday, the first such announcement since the island nation

Japan to resume funding for stalled projects in Sri Lanka, envoy says
Business|Economy|Finance

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores
Business|Economy|Finance

Gold rally to boost profits for miners Newmont, Barrick

Newmont Corp and Barrick Gold Corp, the top two gold miners of the world, are expected to post higher quarterly profits, powered by a rally in the precious metal's prices.

Gold rally to boost profits for miners Newmont, Barrick
Business|Finance|Health

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement

Thermo Fisher on Wednesday raised its annual profit outlook and posted a better-than-expected second-quarter profit, banking on improved demand for its tools and services used in clinical

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement
Business|Economy|Finance

High earnings bar, Harris polling bump

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please.

High earnings bar, Harris polling bump
Business|Finance|Technology

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix
Business|Finance|Stock Markets|Technology

Tesla's bleak margins sink shares as Musk hypes everything but cars

Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and

Tesla's bleak margins sink shares as Musk hypes everything but cars
Asia|Australia|Economy|Finance|Stock Markets

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
Economy|Finance|Stock Markets|Technology

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily
Economy|Finance

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
Business|Economy|Finance

US refiners' Q2 profits fall on low margins, soft fuel demand

U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins,

US refiners' Q2 profits fall on low margins, soft fuel demand
Economy|Finance

BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say

The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in

BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say
Economy|Finance

Some members on Japan panel urge BOJ to raise rates to counter weak yen

The Bank of Japan must raise interest rates to prevent excessive declines in the yen, private-sector members of a key government council said at a meeting last week where Governor

Some members on Japan panel urge BOJ to raise rates to counter weak yen
Economy|Europe|Finance

EU countries look to extend freeze on Russian assets to secure G7 loan to Ukraine

European Union member states discussed options for extending the renewal period of sanctions on Russian central bank assets to secure a major

EU countries look to extend freeze on Russian assets to secure G7 loan to Ukraine
Business|Europe|Finance|Stock Markets

LVMH shares drop after missing second-quarter estimates

Shares in LVMH fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-

LVMH shares drop after missing second-quarter estimates
Business|Economy|Finance

BNP Paribas' retail weakness takes shine off equity trading boost

France's BNP Paribas exceeded expectations with a big jump in earnings on Wednesday thanks to a boost in equities trading, although a sharp drop in net interest

BNP Paribas' retail weakness takes shine off equity trading boost
Business|Europe|Finance|Technology

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal

UniCredit on Wednesday said it was investing 370 million euros ($401 million) to acquire Belgium's digital bank Aion and Vodeno, a provider of cloud-based banking services.

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
Business|Economy|Europe|Finance

Deutsche Bank's profit streak ends with big lawsuit provision

Deutsche Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 billion) as a provision for

Deutsche Bank's profit streak ends with big lawsuit provision
Asia|Business|Finance|Technology

Who is Kim Beom-su, founder of South Korean tech giant Kakao?

South Korean authorities arrested Kim Beom-su, the billionaire founder of tech giant Kakao Corp, on Tuesday on accusations of stock manipulation during the acquisition of a K-Pop

Who is Kim Beom-su, founder of South Korean tech giant Kakao?
Business|Economy|Europe|Finance

Lacklustre earnings keep investors jittery

A look at the day ahead in European and global markets from Ankur Banerjee A sales miss by luxury giant LVMH due to Chinese shoppers keeping a lid on spending and disappointing results from major U.S.

Lacklustre earnings keep investors jittery
Asia|Economy|Finance|Technology

China's quant funds suffer deep losses amid crackdown

Chinese computer-driven "quant" hedge funds suffered heavy losses in the first half of the year, underperforming traditional stocks strategies at home and other

China's quant funds suffer deep losses amid crackdown
Asia|Economy|Finance|Stock Markets|Technology

Stocks dragged down by megacap tech, oil edges higher

Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed, while oil prices edged higher after

Stocks dragged down by megacap tech, oil edges higher
Economy|Finance

Singapore's GIC posts weakest investment gains in four years

Singapore sovereign wealth fund GIC's main gauge of investment return posted its weakest growth in four years, and said high interest rates,

Singapore's GIC posts weakest investment gains in four years
Economy|Finance

Dollar falls, short yen trades squared ahead of BOJ and Fed meetings

The dollar fell to its lowest in more than two months against the yen on Wednesday as short-yen carry trades were unwound ahead of next week's

Dollar falls, short yen trades squared ahead of BOJ and Fed meetings
Americas|Business|Economy|Finance

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation

LATAM Airlines is preparing to list its shares on the New York Stock Exchange in a move that could fetch it a valuation of $8.5 billion, the company said on Thursday.

LATAM Airlines readies NYSE listing at $8.5 billion potential valuation

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