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

Finance

Economy|Election|Finance|Political

US bond market reacts to Biden's exit with 'Trump trade' reversal

U.S. government bond investors on Monday unwound some of the trades that were put in place on expectations of a second U.S. presidency of Republican Donald

US bond market reacts to Biden's exit with 'Trump trade' reversal
Business|Finance|Stock Markets

Berkshire Hathaway cuts stake in China's BYD to below 5%

Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric

Berkshire Hathaway cuts stake in China's BYD to below 5%
Finance|Stock Markets|Technology

CrowdStrike shares tumble 13% on IT outage impact

Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber

CrowdStrike shares tumble 13% on IT outage impact
Economy|Finance

Four years after pandemic shock, UK household saving stays high

A jump in British household saving since the COVID-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears,

Four years after pandemic shock, UK household saving stays high
Economy|Finance

Russia set for aggressive 200 bps rate hike to cool down economy: Reuters Poll

The Russian central bank is set to hike its key interest rate by 200 basis points to 18% at the July 26 board meeting to tame inflation and

Russia set for aggressive 200 bps rate hike to cool down economy: Reuters Poll
Business|Finance|Technology

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus

Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
Business|Economy|Finance

Bank of England plans expanded repo facilities to avert money market crunch

The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as it sells down its government bond holdings, and that it

Bank of England plans expanded repo facilities to avert money market crunch
Americas|Election|Finance|Stock Markets

Interest rate sensitive shares lift TSX ahead of BoC decision

Canada's main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank

Interest rate sensitive shares lift TSX ahead of BoC decision
Americas|Economy|Finance|News|Stock Markets|World

Global markets close higher amid upheaval in US presidential race

Global markets close higher amid upheaval in US presidential race

Global markets close higher amid upheaval in US presidential race
Business|Economy|Finance

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million

Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million
Economy|Finance

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure

Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds,

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure
Business|Economy|Finance

With no big deal safe, investment bankers move to safeguard fees

Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions

With no big deal safe, investment bankers move to safeguard fees
Economy|Finance

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says

The sharp jump in derivative trading by Indian retail investors is likely driven by a "gambling instinct", a finance ministry report said on Monday, cautioning that any sharp

A 'gambling instinct' has caused India's surge in retail derivatives trading, government report says
Asia|Finance

Hong Kong to launch Asia's first inverse bitcoin ETF

Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday.

Hong Kong to launch Asia's first inverse bitcoin ETF
Economy|Finance

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal

Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt.

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal
Asia|Economy|Finance

Japan ruling party executive urges BOJ to clarify rate-hike resolve, Nikkei says

The Bank of Japan should more clearly indicate its resolve to normalise monetary policy, including through steady interest rate hikes, senior ruling party official

Japan ruling party executive urges BOJ to clarify rate-hike resolve, Nikkei says
Economy|Finance|News|Political

Biden administration announces $4.3 billion in climate grants

The Biden administration on Monday announced 25 projects pitched by 30 different state, local and tribal governments that applied for $4.3 billion in grants

Biden administration announces $4.3 billion in climate grants
Economy|Europe|Finance

ECB's Kazimir opens door to two more rate cuts

European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

ECB's Kazimir opens door to two more rate cuts
Americas|Election|Finance|Stock Markets

Wall St closes higher as investors return to megacap stocks

Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst

Wall St closes higher as investors return to megacap stocks
Economy|Finance

China's fiscal revenue shrinks 2.8% on year in first half

China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged

China's fiscal revenue shrinks 2.8% on year in first half
Asia|Economy|Finance

China's revenue from government land sales down 18.3% year on year

China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday.

China's revenue from government land sales down 18.3% year on year
Economy|Finance

Vulnerabilities in non-banks leave door open to 'shocks', says G20 watchdog

Patchy progress on implementing reforms to make money market funds and other types of "non banks" safer has left the global financial system vulnerable to more shocks,

Vulnerabilities in non-banks leave door open to 'shocks', says G20 watchdog
Economy|Finance

India's inflation targeting framework must be re-examined, government report says

India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24

India's inflation targeting framework must be re-examined, government report says
Economy|Finance

India government somewhat cautious on economic outlook, sees growth of 6.5%-7%

India's government has taken a more cautious stance than private economists on the outlook for growth this fiscal year, predicting the world's

India government somewhat cautious on economic outlook, sees growth of 6.5%-7%
Asia|Business|Economy|Finance

StanChart-linked China Bohai seeks to dispose of $4 billion in bad loans

China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non performing loans as the faltering Chinese economy and

StanChart-linked China Bohai seeks to dispose of $4 billion in bad loans

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