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Today: December 22, 2024
Today: December 22, 2024

Finance

Business|Economy|Europe|Finance|Stock Markets

French markets wracked by budget fears; Barnier warns of 'big storm'

French stocks and bonds fell sharply on Wednesday, driving the premium the government pays for long-term borrowing to its highest since the euro

French markets wracked by budget fears; Barnier warns of 'big storm'
Asia|Business|Economy|Europe|Finance|Stock Markets|US

Trump tariff threats reverberate in Asia

A look at the day ahead in European and global markets from Kevin Buckland Threats of fresh tariffs under a second Trump administration continue to unnerve Asian investors, with Japan again - not

Trump tariff threats reverberate in Asia
Business|Technology

OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's

OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
Business|Economy|Finance

China Oct industrial profits narrow decline, but headwinds loom

China's industrial profits fell again in October but less sharply than the previous month as deflation pressures dragged while demand

China Oct industrial profits narrow decline, but headwinds loom
Economy|Finance|US

The IRS is at risk of losing $20 billion in funding without legislative intervention

Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen

The IRS is at risk of losing $20 billion in funding without legislative intervention
Economy|Finance|Stock Markets

Bitcoin options trade shows more bets on retreat after failing to breach $100,000

Investors in the world's largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000,

Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Business|Europe|Finance

Over 800 European financial groups deal with firms linked to Israeli settlements, NGOs say

A growing number of European financial institutions have a business relationship with companies with ties to Israeli settlements, according to a study by civil society

Over 800 European financial groups deal with firms linked to Israeli settlements, NGOs say
Africa|Economy|Finance

Angola not currently negotiating an IMF programme, finance ministry says

Angola is not in talks with the International Monetary Fund on a new financial assistance programme, its finance ministry said on Tuesday, prompting a slide in its foreign

Angola not currently negotiating an IMF programme, finance ministry says
Business|Election|Finance|US

How Trump can overhaul US financial regulators when he takes office

President-elect Donald Trump is expected to overhaul U.S. financial regulators, which under Democratic President Joe Biden have pursued a slew of stringent new

How Trump can overhaul US financial regulators when he takes office
Business|Economy|Finance|Stock Markets|Technology|US

GE reaches $362.5 million shareholder settlement over power unit

General Electric, doing business as GE Aerospace, will pay $362.5 million in cash to resolve a long-running shareholder lawsuit accusing it of hiding risks at

GE reaches $362.5 million shareholder settlement over power unit
Business|Finance|US

Wells Fargo asset cap likely to be lifted next year, sources say

Wells Fargo is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts

Wells Fargo asset cap likely to be lifted next year, sources say
Asia|Economy|Finance|Stock Markets|US|World

Stock market today: Wall Street hits records despite tariff talk

U.S. stocks rose to records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street

Stock market today: Wall Street hits records despite tariff talk
Asia|Economy|Finance|US

China's yuan slides to four-month low on Trump's tariff promise

The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S.

China's yuan slides to four-month low on Trump's tariff promise
Business|Economy|Finance

Buffett refines plans for his fortune, donates more Berkshire shares

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death.

Buffett refines plans for his fortune, donates more Berkshire shares
Business|Economy|Finance

Citigroup awards special retention bonuses for dozens, Bloomberg News reports

Citigroup's wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall Street giant looks to prevent more bankers from leaving, Bloomberg News reported

Citigroup awards special retention bonuses for dozens, Bloomberg News reports
Asia|Business|Finance|Stock Markets

UBS on track to fully own China securities joint venture

One of UBS's joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own a sizeable securities

UBS on track to fully own China securities joint venture
Political

Trump's tax-cut plans could be slowed by a wary bond market

Donald Trump's Republicans are promising to hit the gas next year when they assume full control of the U.S.

Trump's tax-cut plans could be slowed by a wary bond market
Business|Europe|Finance|Stock Markets

Blackstone to list Spain's Cirsa shares in Madrid early 2025, Expansion says

Private equity investor Blackstone plans to list shares of Spanish gambling company Cirsa in the first half of 2025 in an initial public offering, local newspaper Expansion reported

Blackstone to list Spain's Cirsa shares in Madrid early 2025, Expansion says
Business|Europe|Finance|Stock Markets

UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash

Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM, which CEO Andrea

UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash
Asia|Business|Finance

Stock market today: Dow hits another record as stocks rise

U.S. stocks rose, with those benefiting the most from lower interest rates and a stronger economy leading the way

Stock market today: Dow hits another record as stocks rise
Environment|Europe

Contentious COP29 deal shows climate cooperation fraying at edges

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday

Contentious COP29 deal shows climate cooperation fraying at edges
Business|Finance|Stock Markets|US

Stocks climb with bonds, dollar dips as markets cheer US Treasury pick

MSCI's global equities gauge rose and U.S. government bonds rallied while the dollar fell on Monday as investors welcomed the incoming U.S

Stocks climb with bonds, dollar dips as markets cheer US Treasury pick
Business|Europe|Finance

Thyssenkrupp: expert opinion gives positive view for steel business

An expert opinion on the financial needs of Thyssenkrupp's crisis-hit steel division has given a positive view on its ability to continue as a going concern, the parent

Thyssenkrupp: expert opinion gives positive view for steel business
US

Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

U.S.

Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports