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

Finance

Business|Europe|Finance|Stock Markets|Technology

European shares hit one-week high as ECB cuts interest rates

European shares jumped on Thursday after the European Central Bank (ECB) cut interest rates again as inflation hovers within striking distance of its 2%

European shares hit one-week high as ECB cuts interest rates
Business|Economy|Finance

PGIM opens Abu Dhabi office, joining money managers' rush to UAE capital

PGIM, the investment management arm of U.S. insurer Prudential Financial, has opened an office in Abu Dhabi, it said on Thursday, joining a slew of money

PGIM opens Abu Dhabi office, joining money managers' rush to UAE capital
Business|Entertainment|Finance|News

Murdoch succession battle to play out in Nevada courtroom

A closed-door court battle over control of Rupert Murdoch’s media empire begins Sept. 16, and could determine the future of Fox News and the Wall Street

Murdoch succession battle to play out in Nevada courtroom
Asia|Europe|Finance|Stock Markets|Technology

Tech stocks cue rally while ECB looms

A look at the day ahead in European and global markets from Stella Qiu Asian stock markets were broadly higher as investors regained some of their love for tech stocks, and Nvidia in particular, while

Tech stocks cue rally while ECB looms
Business|Finance

Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan's

Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal
Business|Economy|Finance

US holiday sales to grow at slowest pace since 2018, report says

U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for

US holiday sales to grow at slowest pace since 2018, report says
Business|Finance|Stock Markets

Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports

Canada's Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan's Seven & i Holdings, Bloomberg News reported on Thursday, citing unnamed sources

Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports
Economy|Finance

Bank of Korea board member says growth, financial stability are key to rate cuts

A board member of South Korea's central bank said economic growth and financial stability are key factors for the monetary policy board to consider as it determines the timing and

Bank of Korea board member says growth, financial stability are key to rate cuts
Americas|Finance

Mexico's judicial reform could impact sovereign rating, Moody's warns

Mexico's sweeping judicial overhaul passed in the Senate earlier on Wednesday could have significant implications for the nation's sovereign credit rating, Moody's Ratings

Mexico's judicial reform could impact sovereign rating, Moody's warns
Asia|Business|Finance|Stock Markets

Wall Street ends higher, gold hits record ahead of rate cuts

Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Wall Street ends higher, gold hits record ahead of rate cuts
Business|Economy|Finance

Hawkish BOJ policymaker calls for rates to rise to at least 1%

The Bank of Japan must raise interest rates to at least 1% as soon as the second half of next fiscal year, hawkish policymaker Naoki Tamura said on Thursday,

Hawkish BOJ policymaker calls for rates to rise to at least 1%
Business|Finance

Stellantis defends itself after US dealers flag concerns

Automaker Stellantis told its U.S. dealers on Wednesday that its August sales were up 21% from July, and its dealer inventory was reduced for two consecutive months by approximately 10%.

Stellantis defends itself after US dealers flag concerns
Business|Economy|Finance

Oil rises 2% as storm batters US Gulf of Mexico production

Oil prices rose over 2% on Thursday as producers assessed the impact on output in the U.S.

Oil rises 2% as storm batters US Gulf of Mexico production
Business|Economy|Finance

Euro gains after ECB rate cut as Lagarde pushes back on October ease

The euro rose against the dollar on Thursday after the European Central Bank lowered interest rates and ECB president Christine

Euro gains after ECB rate cut as Lagarde pushes back on October ease
Asia|Business|Economy|Finance

South Korea pension fund key to success of market reforms, says watchdog

South Korea's market watchdog stressed on Thursday the role of the public pension fund to ensure the success of ongoing capital market reforms, as the fund which has

South Korea pension fund key to success of market reforms, says watchdog
Business|Economy|Finance

Japan's August wholesale inflation slows, takes pressure off BOJ

Japan's annual wholesale inflation slowed in August as the yen's rebound weighed on import costs, data showed on Thursday, taking some pressure off the central bank to

Japan's August wholesale inflation slows, takes pressure off BOJ
Business|Economy|Finance|Technology

Global EV sales up 20% in August despite 19-month low in Europe, Rho Motion says

Global sales of fully electric and plug-in hybrid vehicles rose by a yearly 20% in August, driven by record high sales in China, and despite a

Global EV sales up 20% in August despite 19-month low in Europe, Rho Motion says
Business|Finance|Technology

23andMe CEO Wojcicki open to third-party takeover proposals for firm, filing shows

23andMe co-founder and chief executive Anne Wojcicki would be open to considering third-party takeover proposals for the company, a regulatory filing showed on Wednesday.

23andMe CEO Wojcicki open to third-party takeover proposals for firm, filing shows
Business|Economy|Europe|Finance

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as

ECB cuts interest rates as growth dwindles
Asia|Business|Finance

Strong open eyed after US inflation see-saw

A look at the day ahead in Asian markets.

Strong open eyed after US inflation see-saw
Americas|Economy|Finance

Lawmakers reject Colombia government's 2025 budget proposal

The Colombian Senate's economics committee threw out the government's proposed 2025 budget on Wednesday, arguing the Andean country will not be

Lawmakers reject Colombia government's 2025 budget proposal
Business|Finance

Norfolk Southern terminates CEO, appoints CFO to lead company

Norfolk Southern on Wednesday fired its chief executive officer, Alan Shaw, and promoted its chief financial officer to run the railroad after an internal

Norfolk Southern terminates CEO, appoints CFO to lead company
Business|Economy|Finance

Fed official broke ethics rules but didn't violate insider trading laws, probe finds

A government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies

Fed official broke ethics rules but didn't violate insider trading laws, probe finds
Business|Finance|Technology

OpenAI in talks to raise funds at $150 billion valuation, Bloomberg News reports

AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday, a move that would fortify its status as one of the biggest startups in

OpenAI in talks to raise funds at $150 billion valuation, Bloomberg News reports
Business|Finance|Technology

Amazon's AWS to invest $1.8 billion in Brazil through 2034

Amazon's cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country,

Amazon's AWS to invest $1.8 billion in Brazil through 2034

Follow