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

Finance

Business|Finance|Technology

eToro to shut down nearly all crypto trading in settlement with US SEC

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S.

eToro to shut down nearly all crypto trading in settlement with US SEC
Business|Finance|Food

McDonald's extends $5 meal deal into December at most US outlets

McDonald's extended its $5 value meal offer into December at most of its U.S. locations, the burger chain said on Thursday.

McDonald's extends $5 meal deal into December at most US outlets
Economy|Finance|News

Pakistan meets IMF bailout conditions with help from 'friendly' nations, Sharif says

"Friendly" countries have helped Pakistan to meet requirements necessary to secure a bailout by the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif said on Thursday.

Pakistan meets IMF bailout conditions with help from 'friendly' nations, Sharif says
Business|Economy|Europe|Finance|News

ECB cuts growth forecasts, still sees inflation at target in late 2025

The European Central Bank lowered its 2024 economic growth projection on Thursday but still sees inflation broadly in line with its 2% target by the end of 2025.

ECB cuts growth forecasts, still sees inflation at target in late 2025
Business|Finance

Britain's challenger banks boosted by capital rules revamp

Revised UK bank capital rules have thrown a lifeline to smaller lenders struggling to poach market share from Britain's biggest banks, boosting

Britain's challenger banks boosted by capital rules revamp
Business|Finance

Norfolk Southern sets salary and bonus for newly promoted CEO after firing Alan Shaw

Norfolk Southern said Thursday that its new CEO’s salary will jump to $1 million now that Mark George has been promoted from chief financial officer, and he will be eligible for a $2.25 million bonus and significant stock awards for performance

Norfolk Southern sets salary and bonus for newly promoted CEO after firing Alan Shaw
Economy|Finance

Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week

Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing
Business|Economy|Finance|News

Treasury proposes rule to prevent large corporations from evading income taxes

The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes

Treasury proposes rule to prevent large corporations from evading income taxes
Africa|Business|Economy|Finance

South Africa to cut rates on Sept. 19 for first time since COVID-19 response- Reuters poll

The South African Reserve Bank will cut its repo rate by 25 basis points to 8.00% at its Sept. 19 meeting as slowing inflation opens the door to easier policy

South Africa to cut rates on Sept. 19 for first time since COVID-19 response- Reuters poll
Business|Economy|Europe|Finance

ECB delivers second rate cut of the year

The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues about its next step, even as investors bet

ECB delivers second rate cut of the year
Business|Finance|Technology

Ford Pro CEO, who made commercial vehicles more profitable, to retire

Ford Motor said on Thursday head of its highly profitable commercial vehicle business unit, Ted Cannis, would retire at the end of the month after more than 35 years with

Ford Pro CEO, who made commercial vehicles more profitable, to retire
Business|Finance

Kroger raises lower end of annual sales forecast as cheap groceries lure shoppers

Kroger raised the lower end of its annual sales forecast after topping quarterly results on Thursday, as its efforts to offer freshly sourced groceries at lower

Kroger raises lower end of annual sales forecast as cheap groceries lure shoppers
Business|Economy|Finance

US filings for unemployment benefits inch up slightly but remain historically low

Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates

US filings for unemployment benefits inch up slightly but remain historically low
Business|Finance|Technology

Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future

Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on

Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future
Asia|Business|Finance

Evergrande Chairman Hui kept in special detention center in Shenzhen, sources say

Hui Ka Yan, the chairman of China Evergrande Group - the company at the centre of the country's property sector crisis - has been moved to a special

Evergrande Chairman Hui kept in special detention center in Shenzhen, sources say
Americas|Economy|Election|Finance|News

US gasoline prices set to fall under $3/gallon as election nears

U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in over three years as soon as next month, shortly before they go to vote in

US gasoline prices set to fall under $3/gallon as election nears
Business|Finance|Health

Roche shares knocked by concern over side effects in obesity pill trial

Shares in Roche dropped to a two-month low on Thursday after an experimental weight-loss pill that carries high market hopes was linked to an elevated rate of temporary side

Roche shares knocked by concern over side effects in obesity pill trial
Economy|Finance|Stock Markets

Wall Street indexes close up; data keeps smaller Fed rate cut in view

Wall Street's main indexes closed higher on Thursday after the latest inflation data reinforced expectations for a 25-basis point rate cut by the

Wall Street indexes close up; data keeps smaller Fed rate cut in view
Economy|Europe|Finance

Apple back taxes hand Ireland infrastructure opportunities, PM Harris says

An EU court order this week that Apple pay Ireland 13 billion euros ($14.4 billion) presents the government with opportunities to address pressing infrastructure, housebuilding and

Apple back taxes hand Ireland infrastructure opportunities, PM Harris says
Business|Economy|Finance

Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says

Indian investors should prioritize receiving bets on overnight indexed swaps over taking fresh long positions in bonds as potential gains from OIS are expected

Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says
Business|Economy|Election|Finance|News

Potential return of Trump fuels concern among emerging market investors

A tight U.S. presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt

Potential return of Trump fuels concern among emerging market investors
Business|Europe|Finance

UniCredit CEO says Europe needs Commerzbank takeover as he seeks deal

UniCredit's investment in Germany's Commerzbank has laid the basis for talks over a tie-up that could help Europe build stronger banks to compete with U.S. and Asian

UniCredit CEO says Europe needs Commerzbank takeover as he seeks deal
Business|Europe|Finance

Commerzbank, UniCredit shares extend gains as Orcel lays out plans

Commerzbank and UniCredit shares extended gains on Thursday after the Italian bank's CEO Andrea Orcel laid out plans to buy more of its German rival or even take it over, fuelling

Commerzbank, UniCredit shares extend gains as Orcel lays out plans
Business|Economy|Finance|Stock Markets|World

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says
Business|Finance|Stock Markets

FTSE 100 hits one-week high as US rate cut expectations boost sentiment

London's FTSE 100 hit its highest level in over a week on Thursday, amid broader gains after some clarity around the U.S.

FTSE 100 hits one-week high as US rate cut expectations boost sentiment

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