Today: November 21, 2024
Today: November 21, 2024

Finance

Asia|Business|Finance|Technology

China's Baidu posts 3% fall in third-quarter revenue, meeting market view

Baidu reported a 3% fall in third-quarter revenue on Thursday, meeting market estimates, as China's biggest internet search provider grappled with weak spending on its advertising services

China's Baidu posts 3% fall in third-quarter revenue, meeting market view
Europe|Finance|Stock Markets

European shares edge lower, tech stocks drag after Nvidia's disappointing forecast

Europe's main stock index slipped on Thursday, as market sentiment was tepid with geopolitical tensions boosting some safe-haven bids, while chip shares were the biggest drag after sector

European shares edge lower, tech stocks drag after Nvidia's disappointing forecast
Economy|Finance

Insolvencies in Germany up 22.9% year-on-year in October

The number of insolvencies in Germany rose by 22.9% in October on the previous year, the country's statistics office Destatis said on Thursday.

Insolvencies in Germany up 22.9% year-on-year in October
Asia|Economy|Finance

Sri Lanka expects IMF staff level agreement on Friday to release further bailout funds

Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on Friday, President Anura Kumara

Sri Lanka expects IMF staff level agreement on Friday to release further bailout funds
Economy|Finance

Higher UK borrowing shows scale of task facing Reeves

Britain borrowed more than expected in October, according to official data that showed the challenge facing finance minister Rachel Reeves who says she will fix

Higher UK borrowing shows scale of task facing Reeves
Business|Economy|Finance|Stock Markets|US

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon

By Krishna N.

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon
Business|Economy|Finance|US

Fed's Williams sees inflation cooling and interest rates falling further, Barron's reports

Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron's in an interview published on Thursday.

Fed's Williams sees inflation cooling and interest rates falling further, Barron's reports
Asia|Business|Economy|Finance|Stock Markets|US

US hedge funds pile into China's JD.com, GDS: Goldman

U.S. hedge funds raised their investments in U.S.-listed Chinese firms in the third quarter, with e-commerce retailer JD.com and data centre operator GDS Holdings

US hedge funds pile into China's JD.com, GDS: Goldman
Business|Economy|Europe|Finance|Stock Markets

Volkswagen enters third round of wage talks as strikes loom

Volkswagen management and worker representatives begin a third round of wage negotiations on Thursday, with just ten days left to find a solution before

Volkswagen enters third round of wage talks as strikes loom
Economy|Europe|Finance|US

ECB policymaker says Trump tariff hikes won't shift Europe's inflation outlook

Tariff hikes under the new Trump administration do not shift the inflation outlook in Europe, ECB policymaker Francois Villeroy de Galhau said on Thursday, urging the

ECB policymaker says Trump tariff hikes won't shift Europe's inflation outlook
Business|Europe|Finance|Stock Markets|Technology

Nvidia disappoints, bitcoin nears $100K

A look at the day ahead in European and global markets from Ankur Banerjee The prospect of slowing sales growth at AI juggernaut Nvidia and simmering worries over geopolitical tensions are keeping

Nvidia disappoints, bitcoin nears $100K
Economy|Environment|Finance|World

At UN climate talks, nations uniformly blast draft of vague deal on climate cash for poor countries

A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay

At UN climate talks, nations uniformly blast draft of vague deal on climate cash for poor countries
Business|Economy|Finance

BOJ's Ueda signals focus on data ahead of Dec meeting, yen jumps

Bank of Japan Governor Kazuo Ueda said the central bank will scrutinise various data ahead its rate review next month, and "seriously" take into account the impact yen

BOJ's Ueda signals focus on data ahead of Dec meeting, yen jumps
Asia|Business|Finance|US

Starbucks weighs strategic partnerships for China operations

Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media report saying the company is considering selling a stake in the business to

Starbucks weighs strategic partnerships for China operations
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Global shares mostly slip despite Nvidia's solid earnings report

Global shares have mostly fallen as regional markets tried to digest a strong profit report from Nvidia

Stock market today: Global shares mostly slip despite Nvidia's solid earnings report
Asia|Australia|Business|Finance|Stock Markets

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani

GQG Partners, which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
Asia|Business|Economy|Finance|World

China advisers call for steady 5% 2025 economic growth goal, stronger stimulus

Chinese government advisers are recommending that Beijing should maintain an economic growth target of around 5.0% for next year, pushing for stronger fiscal stimulus

China advisers call for steady 5% 2025 economic growth goal, stronger stimulus
Business|Economy|Finance

Flour millers face supply crunch as wheat farmers tighten grip on stocks

Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and

Flour millers face supply crunch as wheat farmers tighten grip on stocks
Business|Election|Finance|US

Lutnick's China ties draw fire after Trump taps him to lead US in trade, tariffs

Investment banker Howard Lutnick's exposure to China came into sharp relief on Wednesday, after Republican President-elect Donald Trump tapped him to lead the

Lutnick's China ties draw fire after Trump taps him to lead US in trade, tariffs
Business|Finance|Stock Markets|US

India's Adani Group sees $30 billion in value wiped off after US indictments

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire

India's Adani Group sees $30 billion in value wiped off after US indictments
Asia|Business|Finance|Stock Markets|Technology

Asian stocks stutter as Nvidia's forecast disappoints

Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a

Asian stocks stutter as Nvidia's forecast disappoints
Business|Crime|Finance|US

Indian tycoon Gautam Adani charged in US over $265 million bribery scheme

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials,

Indian tycoon Gautam Adani charged in US over $265 million bribery scheme
Business|Finance|Stock Markets

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say

Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering,

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say
Business|Finance|Technology

Nvidia's supply snags hurting deliveries but mask booming demand

Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom

Nvidia's supply snags hurting deliveries but mask booming demand

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