Today: September 20, 2024
Today: September 20, 2024

Finance

Economy|Finance

Fed seen nearly as likely to cut rates by 50 bps as 25 bps

The Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading in rate-futures

Fed seen nearly as likely to cut rates by 50 bps as 25 bps
Business|Finance

U.S. manufacturing ETFs win assets as investors bet on 'reshoring'

Investors are piling into exchange traded funds focused on companies that are reviving or expanding production in the U.S. and taking advantage of government subsidies.

U.S. manufacturing ETFs win assets as investors bet on 'reshoring'
Business|Economy|Finance|News

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
Economy|Europe|Finance

Polish central bank wants prosecutors to investigate parliament speaker, MP

The National Bank of Poland said on Friday it had informed prosecutors of the possibility that the speaker of parliament and the head of a parliamentary committee may have committed

Polish central bank wants prosecutors to investigate parliament speaker, MP
Business|Finance|Technology

Oracle settles suit over tracking your data. How to file a claim

In a $115 million settlement, while admitting no wrongdoing, tech behemoth Oracle has agreed to settle a class action lawsuit over allegations it tracked consumer activity both on and offline

Oracle settles suit over tracking your data. How to file a claim
Business|Economy|Finance

US consumer sentiment climbs to four-month high; import prices drop

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household

US consumer sentiment climbs to four-month high; import prices drop
Asia|Business|Finance

How big are the Big Four accounting firms in China?

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the

How big are the Big Four accounting firms in China?
Business|Economy|Finance|News

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say

Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say
Business|Economy|Finance|Stock Markets

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off
Business|Economy|Finance

Russian central bank hikes rates to fight inflation fuelled by military spending

Russia’s central bank has raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives up workers’ wages

Russian central bank hikes rates to fight inflation fuelled by military spending
Business|Economy|Finance

US consumer loan delinquencies starting to plateau, bankers say

U.S. consumers' late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry

US consumer loan delinquencies starting to plateau, bankers say
Business|Finance|Stock Markets

Wall Street advances as traders' bets rise for bigger Fed rate cut

Wall Street's main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week,

Wall Street advances as traders' bets rise for bigger Fed rate cut
Business|Economy|Finance|News|Technology

US locks in steep China tariff hikes, some industries warn of disruptions

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries

US locks in steep China tariff hikes, some industries warn of disruptions
Business|Finance

China hits PwC with six month ban and large fine in record penalty over Evergrande audit

Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm's

China hits PwC with six month ban and large fine in record penalty over Evergrande audit
Business|Europe|Finance

UniCredit, German government hold talks after Commerzbank purchase, source says

German government officials and UniCredit bankers have held talks after the Italian lender's purchase of a 9% stake in Commerzbank, a German government source said on Friday.

UniCredit, German government hold talks after Commerzbank purchase, source says
Africa|Business|Finance

South African anti-corruption minister Gordhan dies, aged 75

South African politician Pravin Gordhan, who served as finance minister twice, overhauled the tax service and waged a battle against corruption under a former

South African anti-corruption minister Gordhan dies, aged 75
Business|Economy|Europe|Finance

Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says

The head of Germany's central bank said on Friday that authorities would take a "very close look" at UniCredit's overtures to potentially buy Germany's Commerzbank, a sign that any

Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says
Business|Economy|Europe|Finance

Top ECB governors voice confidence on inflation and rates

The European Central Bank's two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone.

Top ECB governors voice confidence on inflation and rates
Business|Economy|Finance

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
Asia|Business|Finance

Seven & i now classified as 'core' to Japan's national security

Japanese retail giant Seven & i Holdings has been classified as "core" to national security, according to an updated finance ministry list released on Friday.

Seven & i now classified as 'core' to Japan's national security
Business|Economy|Finance

Fed, ready, steady, cut

Don't go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting.

Fed, ready, steady, cut
Business|Finance

Striking Boeing factory workers say they are ready to hold out for a better contract

Blue-collar workers from Boeing are walking picket lines in the Pacific Northwest instead of building airplanes after overwhelmingly rejecting a proposed contract that would have raised their wages by 25% over four years

Striking Boeing factory workers say they are ready to hold out for a better contract
Africa|Economy|Finance

IMF staff in Kenya for fact-finding mission after protests

A team of staff from the International Monetary Fund is visiting Kenya on a fact-finding trip, the IMF said late on Thursday, part of efforts to craft a way forward in the wake of

IMF staff in Kenya for fact-finding mission after protests
Business|Finance|Technology

Vodafone-Three UK deal may push bills up, UK regulator says

Vodafone's $19 billion merger with Three UK could push up bills for millions of mobile customers and impact providers like Sky Mobile by reducing the number of

Vodafone-Three UK deal may push bills up, UK regulator says
Business|Economy|Europe|Finance|Stock Markets

European stocks wrap up week on a high note; focus shifts to Fed

European stocks rounded off the week on a positive note, supported by technology, real estate and mining shares, while investors shifted their focus to the U.S.

European stocks wrap up week on a high note; focus shifts to Fed

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