Today: November 10, 2024
Today: November 10, 2024

Finance

Economy|Europe|Finance

French lower house approves budget amendment to tax billionaires

France's National Assembly on Friday approved an amendment to the government's 2025 belt-tightening budget bill that would hit the country's wealthiest individuals with a

French lower house approves budget amendment to tax billionaires
Election|Finance|US

US money market funds see large inflows as election nears

U.S. money market funds attracted substantial inflows in the week to Oct. 23 as uncertainty over the U.S. presidential election and a reassessment of Federal Reserve rate outlook boosted

US money market funds see large inflows as election nears
Asia|Business|Finance|Technology|US

New US tariffs could prompt Signify to move some production from China, CEO says

Lighting maker Signify is considering moving some of its production out of China if the company is confronted with a new round of U.S. tariffs, its chief

New US tariffs could prompt Signify to move some production from China, CEO says
Economy|Finance|US

AI is being used to send some households impacted by Helene and Milton $1,000 cash relief payments

Some hurricane-impacted households in North Carolina and Florida will receive one-time, direct cash payments of $1,000 on Friday

AI is being used to send some households impacted by Helene and Milton $1,000 cash relief payments
Business|Economy|Environment|Finance

Morgan Stanley lowers climate target, warns on sluggish transition

Morgan Stanley has lowered its expectations for cutting emissions from its corporate lending portfolio as the world is moving too slowly to a greener economy, the

Morgan Stanley lowers climate target, warns on sluggish transition
Finance|US

Markets gear up for two wild weeks of elections and rate moves

Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States

Markets gear up for two wild weeks of elections and rate moves
Business|Europe|Finance|Stock Markets

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing with the country's SIX stock exchange.

UBS fund management arm reports 3% stake in Swiss National Bank
Election|Finance|US

Global money market funds draw large inflows on election-driven caution

Global investors channelised large investments into the safety of money market funds in the week through Oct. 23 on caution over the upcoming elections in the United States and Japan, and

Global money market funds draw large inflows on election-driven caution
Business|Finance|Health|Stock Markets|US

Hospital operator HCA's quarterly profit dented by hurricane hit; shares slide

HCA Healthcare reported lower-than-expected quarterly profit on Friday and forecast up to a $300-million hit in the fourth quarter due to delays in medical procedures from recent hurricanes

Hospital operator HCA's quarterly profit dented by hurricane hit; shares slide
Economy|Finance

China Jan-Sept fiscal revenues fall 2.2% yr/yr

China's fiscal revenue in the first nine months of 2024 fell 2.2% from a year earlier,compared with a 2.6% slide in the January-August period, finance ministry data showed on

China Jan-Sept fiscal revenues fall 2.2% yr/yr
Business|Finance

NYCB delays profit goal to 2026 after fourth straight quarter of loss

New York Community Bancorp delayed its profitability goal by a year after posting its fourth straight quarterly loss, in a sign of stress from its exposure

NYCB delays profit goal to 2026 after fourth straight quarter of loss
Business|Economy|Finance

Consumers reach their breaking point, forcing retailers to shutter stores at a worrying pace

Consumers reach their breaking point, forcing retailers to shutter stores at a worrying pace

Consumers reach their breaking point, forcing retailers to shutter stores at a worrying pace
Business|Economy|Finance|Stock Markets

TSX posts longest daily losing streak since April

Canada's main stock index ended lower for a fifth straight day on Friday, led by declines for the real estate and consumer discretionary sectors, as investors turned

TSX posts longest daily losing streak since April
Economy|Finance|World

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending
Business|Finance|Stock Markets|US

Deckers Outdoor shares dash ahead on surging demand for Hoka shoes

Deckers Outdoor shares jumped about 11% on Friday after the shoemaker raised its annual sales forecast betting on strong demand for its shoes and boots during the

Deckers Outdoor shares dash ahead on surging demand for Hoka shoes
Economy|Finance

Russian central bank hikes benchmark rate to 21%, highest since 2003

Russia's central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President

Russian central bank hikes benchmark rate to 21%, highest since 2003
Business|Europe|Finance|Stock Markets

Volkswagen has still not presented future plan for brand, says works council boss

Volkswagen has so far not presented a plan for how to make its namesake brand more competitive, the head of the group's works council said in a handout to staff, adding

Volkswagen has still not presented future plan for brand, says works council boss
Business|Economy|Finance|Stock Markets|US

Nasdaq closes higher ahead of a heavy week of earnings

The Nasdaq ended higher on Friday, driven by megacap shares, as investors awaited quarterly results from some of Wall Street's

Nasdaq closes higher ahead of a heavy week of earnings
Business|Finance|Health|Stock Markets

Health insurer Centene eases investor fears with better-than-expected profit

Centene beat Wall Street estimates for third-quarter earnings on strength in its commercial health insurance plans and maintained its annual profit forecast,

Health insurer Centene eases investor fears with better-than-expected profit
Business|Fashion and Beauty|Finance|Stock Markets|US

Capri tumbles 46% after US court blocks $8.5 billion merger with Tapestry

Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry , hurting the Michael Kors

Capri tumbles 46% after US court blocks $8.5 billion merger with Tapestry
Business|Economy|Finance

Union's rejection of Boeing offer threatens jobs at aerospace suppliers

Striking workers' rejection of planemaker Boeing's latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent

Union's rejection of Boeing offer threatens jobs at aerospace suppliers
Business|Finance|Stock Markets|US

Megacap earnings loom, Japan decides, gilts wobble

A look at the day ahead in U.S. and global markets from Mike Dolan Tesla's 20%-plus stock surge whets investor appetites for next week's earnings from most of the rest of the "Magnificent 7" of U.S.

Megacap earnings loom, Japan decides, gilts wobble
Asia|Business|Economy|Finance

Debt not on agenda of China's top legislative body November meeting

China's top legislative body will meet from Nov. 4-8, state news agency Xinhua said on Friday, with no mention on the agenda of highly anticipated debt and other fiscal

Debt not on agenda of China's top legislative body November meeting
Business|Finance|Stock Markets

Barclays wins bid to slash UK investors' $727 million 'dark pool' lawsuit

Barclays on Friday won its bid to more than halve a shareholders' lawsuit worth up to 560 million pounds ($727 million) at London's High Court for allegedly misleading the market

Barclays wins bid to slash UK investors' $727 million 'dark pool' lawsuit
Economy|Europe|Finance

Germany's FDP to host its own economic summit on same day as Scholz

German Finance Minister Christian Lindner's Free Democrats (FDP) are organising their own economic summit next Tuesday, the same day Chancellor Olaf Scholz has invited business

Germany's FDP to host its own economic summit on same day as Scholz
Business|Economy|Election|Finance|US

Ready for an action-packed week?

Traders will have their work cut out keeping up with Japan's snap election, U.S. jobs data, a UK budget, euro zone growth numbers and a slew of third-quarter earnings.

Ready for an action-packed week?
Business|Economy|Europe|Finance

Italy business morale sinks, casting shadow over growth prospects

Italian business and consumer confidence both dropped unexpectedly in October, data showed on Friday, with a multi-year low in sentiment among companies casting a

Italy business morale sinks, casting shadow over growth prospects
Africa|Economy|Finance

Zimbabwe inflation surges after currency devaluation

Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African

Zimbabwe inflation surges after currency devaluation
Business|Economy|Europe|Finance

Lending, sentiment data bolster euro zone recovery narrative

Euro zone bank lending rebounded more in September, and German business sentiment has improved more than expected this month, bolstering the view that the euro zone economy has bottomed out

Lending, sentiment data bolster euro zone recovery narrative
Economy|Finance|Stock Markets|US

UBS Global Wealth Management lifts global equities stance to 'attractive'

UBS Global Wealth Management has raised its stance on global equities to "attractive" from "neutral", citing resilient U.S. economic growth, monetary policy easing by major

UBS Global Wealth Management lifts global equities stance to 'attractive'
Business|Election|Finance|US

Elon Musk keeps up pro-Trump spending spree as Harris continues to dominate money race, new filings show

Elon Musk keeps up pro-Trump spending spree as Harris continues to dominate money race, new filings show

Elon Musk keeps up pro-Trump spending spree as Harris continues to dominate money race, new filings show
Business|Economy|Finance

German business sentiment rises, giving rare boost to ailing economy

German business morale improved more than expected in October, a survey showed on Friday, offering hope for some respite towards the end of the year in the economy's

German business sentiment rises, giving rare boost to ailing economy
Business|Finance|Stock Markets|Technology

China's self-driving startup WeRide's shares surge in Nasdaq debut

WeRide's shares rose 19% in their Nasdaq debut on Friday, after the self-driving startup raised $440.5 million in its IPO and private

China's self-driving startup WeRide's shares surge in Nasdaq debut
Business|Europe|Finance|Stock Markets

Air France-KLM open to all options in privatisation of Portugal's TAP, source says

Air France-KLM wants to take part in the privatisation of Portugal's carrier TAP and is open to various options the government may offer, including purchasing a minority stake, a

Air France-KLM open to all options in privatisation of Portugal's TAP, source says
Business|Economy|Finance|US

Holcim spin-off of North American business progressing "extremely well"

Holcim's spin-off of its North American business is progressing "extremely well", Chief Financial Officer Steffen Kindler said on Friday, with updates for investors planned soon.

Holcim spin-off of North American business progressing "extremely well"
Australia|Business|Economy|Finance

Reserve Bank of Australia reports $2.8 billion accounting loss for 2024

Australia's central bank recorded its fourth straight year of accounting losses in 2024, it said on Friday, as the legacy of its pandemic interventions lingers on

Reserve Bank of Australia reports $2.8 billion accounting loss for 2024
Business|Europe|Finance|Stock Markets

European shares end week in the red as earnings disappoint

Europe's main stock index closed Friday's choppy session flat and notched weekly losses, as a handful of weak corporate earnings from

European shares end week in the red as earnings disappoint
Business|Economy|Finance|World

World Bank in talks to increase $35 billion Turkey exposure, source says

The World Bank is holding talks with Turkey to increase financing to Ankara beyond the $35 billion it has already provided through 2028, a source with knowledge

World Bank in talks to increase $35 billion Turkey exposure, source says
Business|Europe|Finance|Stock Markets

NatWest raises income outlook as lending growth drives profits higher

NatWest reported a 26% rise in third-quarter profit and raised its income forecast for 2024, as it grew lending and deposits while sustaining margins despite an

NatWest raises income outlook as lending growth drives profits higher
Business|Europe|Finance|Stock Markets

Electrolux slides on US woes and Chinese competition

Electrolux shares plunged more than 15% on Friday after the world's second-biggest appliances maker missed third-quarter earnings expectations on continuing U.S.

Electrolux slides on US woes and Chinese competition
Business|Economy|Finance

Yara's core profit soars 47% on strong production, high prices

Yara International, one of the world's largest fertilizer producers, reported a bigger-than-expected 47% jump in its third-quarter core profit on Friday, helped by its focus

Yara's core profit soars 47% on strong production, high prices
Business|Economy|Europe|Finance

ECB does not need to contemplate below-neutral rates now, Latvia central bank chief says

The European Central Bank may need to ease policy somewhat faster than earlier thought but interest rates do not need to fall to a level where the bank is stimulating economic

ECB does not need to contemplate below-neutral rates now, Latvia central bank chief says
Economy|Europe|Finance

Europe's return to zero rates? :Mike Dolan

If markets are correct, inflation-adjusted European Central Bank interest rates could be back negative by the middle of next year - and a return to zero policy rates

Europe's return to zero rates? :Mike Dolan
Business|Economy|Europe|Finance|Stock Markets

Italy's Eni to boost buyback after Q3 profit beats expectations

Italian energy group Eni will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit

Italy's Eni to boost buyback after Q3 profit beats expectations
Business|Economy|Finance

Remy abandons hopes for sales recovery as problems mount

Remy Cointreau slashed its full-year guidance on Friday, delaying its recovery from persistent double-digit sales declines, pushing out

Remy abandons hopes for sales recovery as problems mount
Business|Finance|Health

Sanofi profit growth beats market view on early start of vaccine sales

French drug maker Sanofi on Friday posted stronger earnings growth than analysts had expected in the third quarter, boosted by an earlier-than-anticipated start of the

Sanofi profit growth beats market view on early start of vaccine sales
Business|Economy|Europe|Finance

Norwegian Air trims outlook after Q3 profit miss

Norwegian Air lowered the upper end of its 2024 profit forecast range after reporting third-quarter core earnings below market expectations on Friday, and said its 2025

Norwegian Air trims outlook after Q3 profit miss
Business|Europe|Finance

Safran raises profit target after 9-month sales grow 17%

French jet engine maker Safran raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoyed by demand

Safran raises profit target after 9-month sales grow 17%
Business|Economy|Europe|Finance

UK finance minister Reeves readies higher taxes and investment in debut budget

British finance minister Rachel Reeves will seek to shift the world's sixth-biggest economy, and Prime Minister Keir Starmer's government, onto a new course

UK finance minister Reeves readies higher taxes and investment in debut budget
Asia|Business|Economy|Finance

Mercedes to step up cost cuts after earnings halve

Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday.

Mercedes to step up cost cuts after earnings halve
Business|Finance

Building materials supplier Holcim beats profit forecast

Holcim beat third-quarter operating profit expectations, the construction materials maker said on Friday, as higher profitability helped offset lower sales.

Building materials supplier Holcim beats profit forecast
Business|Finance|Stock Markets

Markets enter the eye of risk-event storm

A look at the day ahead in European and global markets from Kevin Buckland Yields are mercifully lower as the week draws to a close, removing some of the angst that has weighed on equities and

Markets enter the eye of risk-event storm
Asia|Election|Finance|Stock Markets

Stock market today: Wall Street closes mostly lower and ends a 6-week winning streak

Stocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak

Stock market today: Wall Street closes mostly lower and ends a 6-week winning streak
Business|Finance|Stock Markets

Regulator calls Australia's Macquarie 'reckless' over futures trading breach

Top Australian investment bank Macquarie Group showed a "reckless and poor attitude to compliance" by failing to act on warnings about suspicious futures trades carried out on its

Regulator calls Australia's Macquarie 'reckless' over futures trading breach
Business|Economy|Election|Finance|US

Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier

If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac

Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier
Asia|Business|Economy|Finance

Japan factory output likely rebounded in Sept on auto production recovery: Reuters poll

Japan's industrial output likely rebounded in September, led by a recovery in auto production, but sustained solid growth may be uncertain on lacklustre global demand, a Reuters poll

Japan factory output likely rebounded in Sept on auto production recovery: Reuters poll
Business|Economy|Election|Finance|Stock Markets|US

Hedge funds have cut most Chinese stock purchase since late September, says Goldman

Global hedge funds dumped China and broader emerging markets shares while buying U.S. equities in a sharp rotation in October ahead of the U.S. election, Goldman

Hedge funds have cut most Chinese stock purchase since late September, says Goldman
Asia|Business|Economy|Finance

BOJ may offer less dovish signs as US recession fears ease, rates on hold

The Bank of Japan is set to maintain ultra-low interest rates next week, and probably signal a less dovish policy outlook due to receding fears of U.S. recession

BOJ may offer less dovish signs as US recession fears ease, rates on hold
Business|Economy|Finance

World Bank rolls out new strategy to boost economic opportunities for women

The World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through

World Bank rolls out new strategy to boost economic opportunities for women
Business|Election|Finance|Technology|US

Musk sends more money to back Trump, giving $44 million to super PAC

Elon Musk gave about $44 million to his pro-Donald Trump spending group during the first half of October, federal disclosures showed on

Musk sends more money to back Trump, giving $44 million to super PAC
Economy|Finance|US

Stocks slip, notch weekly loss on US election nerves; crude oil gains

Global stocks slipped on Friday, finishing the week lower amid U.S. election jitters, while oil prices rose due to concerns about fighting in the Middle East.

Stocks slip, notch weekly loss on US election nerves; crude oil gains
Business|Economy|Finance|World

Sanctions delay to Russian zinc mine causes supply miscalculation, sources say

Western sanctions on Russia's zinc miner Ozernoye have left it struggling to replace equipment needed to ramp up output, three sources with knowledge of the matter

Sanctions delay to Russian zinc mine causes supply miscalculation, sources say
Asia|Australia|Business|Economy|Finance

Qantas says it is not opposed to Qatar stake in Virgin Australia

Qantas Airways is not opposed to Qatar Airways' proposal to take a 25% stake in Australia's No. 2 carrier Virgin Australia, Qantas' chair and CEO said on Friday, adding its investment plan

Qantas says it is not opposed to Qatar stake in Virgin Australia
Asia|Business|Economy|Finance

China central bank conducts medium-term loan operation, with rate unchanged

China's central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged.

China central bank conducts medium-term loan operation, with rate unchanged
Asia|Election|Finance

Dollar edges lower after data as recent rally stalls

The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was still on track for a fourth straight week of gains after

Dollar edges lower after data as recent rally stalls
Asia|Business|Finance|Technology

South Korea to regulate cross-border trade of virtual assets

South Korea plans to start regulating cross-border transactions of virtual assets such as cryptocurrency, bringing in registration and reporting requirements from the second half of

South Korea to regulate cross-border trade of virtual assets
Business|Economy|Finance

Core inflation in Japan's capital slips below BOJ's target

Core inflation in Japan's capital in October dipped below the central bank's 2% target for the first time in five months, data showed on Friday, potentially

Core inflation in Japan's capital slips below BOJ's target
Business|Finance|Stock Markets|Technology|US

Microsoft CEO Nadella's 2024 pay rose 63% to $79 million on stock awards

Microsoft CEO Satya Nadella's fiscal 2024 compensation surged 63% to $79.1 million, according to a filing on Thursday, helped by his stock awards in a year when the tech behemoth's market

Microsoft CEO Nadella's 2024 pay rose 63% to $79 million on stock awards
Americas|Asia|Economy|Finance|US

Japan, US finance chiefs discussed FX moves in bilateral meeting, official says

Japanese Finance Minister Katsunobu Kato and U.S.

Japan, US finance chiefs discussed FX moves in bilateral meeting, official says
Business|Finance|Stock Markets|Technology

Australia's WiseTech shares jump after CEO White takes on new role

Shares of star Australian software maker WiseTech Global sky-rocketed on Friday after its billionaire founder and CEO Richard White shifted to a consulting role at the

Australia's WiseTech shares jump after CEO White takes on new role
Asia|Economy|Finance

South Korea Finance Minister sees downside risk to GDP forecast of 2.6%, Yonhap reports

South Korea's finance minister said the downside risk to the government's forecast of 2.6% for this year's economic growth had expanded, the Yonhap news agency reported on Friday.

South Korea Finance Minister sees downside risk to GDP forecast of 2.6%, Yonhap reports
Australia|Business|Finance

Australia's Qantas says engineer strike not expected to impact customers

Australia's flag carrier Qantas Airways said on Friday it does not expect an impact on customers from a strike planned by some of its engineering work groups ahead of the annual general

Australia's Qantas says engineer strike not expected to impact customers
Australia|Business|Finance|Stock Markets|Travel

Australia's Qantas lifts domestic revenue estimates, shares hit record high

Australian flag carrier Qantas Airways on Friday raised its first-half domestic revenue expectations and said it was on track to restart dividend

Australia's Qantas lifts domestic revenue estimates, shares hit record high
Asia|Finance

Markets becalmed, eyes on Japan

A look at the day ahead in Asian markets. 

Markets becalmed, eyes on Japan
Business|Economy|Finance

Australia's Whitehaven Coal jumps on price outlook, output beat

Australia's Whitehaven Coal said on Friday that it was optimistic about further gains in metallurgical coal prices due to supply constraints and reported quarterly production

Australia's Whitehaven Coal jumps on price outlook, output beat
Business|Economy|Finance|MidEast|Stock Markets

Bankers see tepid investments due to uncertainty over US elections, geopolitics

Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives

Bankers see tepid investments due to uncertainty over US elections, geopolitics
Business|Finance

Televisa chairman taking leave amid FIFA bribery probe

Televisa's executive chairman, Emilio Azcarraga, is taking "administrative leave" pending the results of a U.S.

Televisa chairman taking leave amid FIFA bribery probe
Business|Finance|US

Ship owner in Baltimore bridge collapse agrees to pay $102 million for cleanup

The owner and manager of the cargo ship that caused the Baltimore bridge collapse have agreed to pay more than $100 million to settle a lawsuit brought by the Justice Department

Ship owner in Baltimore bridge collapse agrees to pay $102 million for cleanup
Business|Finance|Stock Markets

Consumer lender Capital One's Q3 profit rises as high interest rates boost income

Capital One reported a 1.6% increase in third-quarter profit on Thursday, as elevated interest rates enabled the consumer lender to earn more from customers repaying credit card debt.

Consumer lender Capital One's Q3 profit rises as high interest rates boost income
Business|Finance|Stock Markets

L3Harris lifts lower end of 2024 results forecast amid global tensions

L3Harris raised the lower end of its annual profit and revenue forecasts on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security

L3Harris lifts lower end of 2024 results forecast amid global tensions
Business|Finance|Stock Markets

Deckers Outdoors raises annual sales forecast on strong demand for Hoka shoes

Deckers Outdoor beat Wall Street estimates for second-quarter results and raised its annual sales forecast on Thursday, on the back of strong demand for its brands UGG boots and Hoka

Deckers Outdoors raises annual sales forecast on strong demand for Hoka shoes
Business|Finance|US

Cities with the fastest-growing home prices in the Bakersfield metro area

Stacker compiled a list of cities with the fastest growing home prices in the Bakersfield, CA metro using data from Zillow.

Cities with the fastest-growing home prices in the Bakersfield metro area
Business|Finance|Technology

25 major online retailers, ranked from worst to best by customers

Using data from the American Consumer Satisfaction Index, Stacker ranked 25 major online retailers from worst to best.

25 major online retailers, ranked from worst to best by customers
Business|Celebrity|Election|Finance|Stock Markets|US

Morgan Stanley board names CEO Ted Pick its chair

Morgan Stanley said on Thursday CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney

Morgan Stanley board names CEO Ted Pick its chair
Business|Economy|Finance|US

Who stands to gain the most from new federal overtime rules?

Wysa analyzed BLS data to determine which workers will benefit the most from new federal overtime rules designed to expand wage protection.

Who stands to gain the most from new federal overtime rules?
Business|Europe|Finance|Stock Markets

UBS migration of Credit Suisse clients to take 18 months, CEO says

The incipient migration of clients from Credit Suisse to UBS should take about another 18 months, UBS CEO Sergio Ermotti said on Thursday, as his bank presses on with the integration of

UBS migration of Credit Suisse clients to take 18 months, CEO says
Business|Economy|Finance|US

Vote to continue strike exposes Boeing workers' anger over lost pensions

Since going on strike last month, Boeing factory workers repeated one theme from their picket lines: They want their pensions back

Vote to continue strike exposes Boeing workers' anger over lost pensions
Business|Finance|US

Quikrete is in talks to acquire Summit Materials, sources say

Building materials provider Quikrete has approached rival Summit Materials, which has a market value of more than $7 billion, with an acquisition offer, people

Quikrete is in talks to acquire Summit Materials, sources say
Business|Finance

Avangrid sells offshore wind lease to Dominion Energy for $160 million

Avangrid, part of the Iberdrola Group, has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million, the company said on Thursday.

Avangrid sells offshore wind lease to Dominion Energy for $160 million
Americas|Economy|Finance

Brazil to partly address fiscal concerns soon, central bank chief says

Brazil's government will make announcements soon that will partly address financial markets' fiscal concerns that are affecting the country's risk premium,

Brazil to partly address fiscal concerns soon, central bank chief says
Asia|Economy|Finance

Bank of Japan cautiously upbeat on US outlook, warns of jittery markets

Bank of Japan Governor Kazuo Ueda said on Thursday optimism over the U.S. economic outlook was broadening but markets remained unstable, offering a mixed view on

Bank of Japan cautiously upbeat on US outlook, warns of jittery markets
Business|Finance|US

Wells Fargo may lose up to $3 billion on its office building loans

Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office

Wells Fargo may lose up to $3 billion on its office building loans
Business|Finance|US

Cities with the fastest-growing home prices in California

Stacker compiled a list of cities with the fastest-growing home prices in California using data from Zillow.

Cities with the fastest-growing home prices in California
Economy|Europe|Finance|World

Spain commits 400 million euros to World Bank fund for poorest countries

Spain on Thursday announced plans for a contribution of 400 million euros ($433 million) to the World Bank's fund for low-income countries, a 37% increase over

Spain commits 400 million euros to World Bank fund for poorest countries
Business|Economy|Finance|Lifestyle|US

$478 million Powerball winning ticket sold in Georgia

$478 million Powerball winning ticket sold in Georgia

$478 million Powerball winning ticket sold in Georgia
Business|Economy|Environment|Finance|US

Exxon Mobil, Qatar get 3-year extension to build their LNG plant in Texas

Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed

Exxon Mobil, Qatar get 3-year extension to build their LNG plant in Texas
Business|Economy|Finance

IMF chief says world economy at risk of low-growth malaise, rising dissatisfaction

International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that the world is in danger of becoming mired in a low-growth, high-debt

IMF chief says world economy at risk of low-growth malaise, rising dissatisfaction
Business|Economy|Finance|US|World

G20 finance chiefs express economic optimism, urge resistance to protectionism

Finance chiefs from the G20 expressed optimism for achieving a "soft landing" for the global economy and urged resistance to protectionism, according to a final communique

G20 finance chiefs express economic optimism, urge resistance to protectionism
Business|Economy|Finance|World

Putin says existing BRICS infrastructure is enough for cross-border payments

Cross-border payments for trade between BRICS countries are experiencing problems, but there are no plans to create a special system because the existing infrastructure is

Putin says existing BRICS infrastructure is enough for cross-border payments
Business|Economy|Finance

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut
Business|Finance

D.E. Shaw throws support to Mantle Ridge in Air Products board fight

Hedge fund D.E.

D.E. Shaw throws support to Mantle Ridge in Air Products board fight
Business|Economy|Finance

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion

Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion
Business|Finance|Technology|US

Santander will have a full-service digital bank in US by end-2025, chair says

Spanish lender Santander will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on

Santander will have a full-service digital bank in US by end-2025, chair says
Americas|Business|Finance

JBS, Sigma vie for Kraft Heinz's $3 billion hot-dog business, sources say

Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food

JBS, Sigma vie for Kraft Heinz's $3 billion hot-dog business, sources say
Economy|Environment|Finance|World

G20 welcomes recommendations to unlock funding for climate transition projects

A group of funds backed by the world's 20 largest economies aimed at financing climate transition projects needs to be more targeted and operate with greater

G20 welcomes recommendations to unlock funding for climate transition projects
Asia|Economy|Finance|US

Most Asian central banks have room to cut rates, IMF official says

Most Asian central banks have room to cut interest rates, as the start of the U.S. monetary easing cycle reduces fears of an unwelcome weakening of their

Most Asian central banks have room to cut rates, IMF official says
Business|Economy|Finance|US

US 30-year fixed-rate mortgage rises to 6.54%

U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts

US 30-year fixed-rate mortgage rises to 6.54%
Business|Economy|Europe|Finance

ECB policymakers' comments at the IMF-World Bank annual meetings

The European Central Bank cut interest rates for a third time this year last week and investors expect further reductions ahead as euro zone inflation stabilises at the ECB's 2% target and

ECB policymakers' comments at the IMF-World Bank annual meetings
Africa|Americas|Crime|Finance|Health|Technology|US|World

Nigeria releases American crypto executive after dropping money laundering case

An American cryptocurrency executive held in Nigeria for the past eight months has been released after authorities there announced that they were ending his money laundering trial on health and diplomatic grounds

Nigeria releases American crypto executive after dropping money laundering case
Business|Finance|Stock Markets|Technology|US

Platinum Equity's Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut

Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of

Platinum Equity's Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
Africa|Economy|Finance|Stock Markets|World

IMF says size of Egypt's loan programme is still appropriate

The International Monetary Fund said on Thursday that the size of Egypt's $8 billion loan programme is "still appropriate", and that it will assess as a priority how effective

IMF says size of Egypt's loan programme is still appropriate
Economy|Finance|US

US sovereign credit default swaps rise on election, debt ceiling jitters

The cost of insuring exposure to U.S. government debt has climbed to its highest in nearly one year, suggesting investors are getting nervous about a U.S.

US sovereign credit default swaps rise on election, debt ceiling jitters
Business|Finance

Carrier cuts annual revenue forecast (Oct. 24)

(This Oct. 24 story has been corrected to say that Carrier cut its revenue forecast to reflect the disposal of its fire and security business, not due to weak consumer spending, in

Carrier cuts annual revenue forecast (Oct. 24)
Business|Europe|Finance

Allianz weighs options for AllianzGI unit, sources say

Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial

Allianz weighs options for AllianzGI unit, sources say
Business|Finance

Can Anglo's copper pivot help thwart renewed takeover bid?

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or

Can Anglo's copper pivot help thwart renewed takeover bid?
Business|Economy|Finance|US

Fed 'policy error' chatter is way too premature: McGeever

Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate cut

Fed 'policy error' chatter is way too premature: McGeever
Business|Economy|Finance|US

US business activity rises in October; price pressures easing

U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that the

US business activity rises in October; price pressures easing
Business|Economy|Finance

Bank of Canada may need another big rate cut to adjust for slow growth, economists say

The Bank of Canada's annual economic growth forecast is overly optimistic, economists said, and another large interest rate cut this year will likely be required

Bank of Canada may need another big rate cut to adjust for slow growth, economists say
Business|Economy|Finance|Political|World

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
Economy|Europe|Finance

Bank of England's Mann says fall in inflation pressure has long way to go

Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had "a long way to go" for the

Bank of England's Mann says fall in inflation pressure has long way to go
Election|Finance

Spurred by shared grievances, BRICS gathers pace

(This Oct. 24 story has been refiled to fix a typo in reporting credits and to replace the quote that was wrongly attributed to Shi Yinhong in paragraph 20) By Mark John and Libby George LONDON (

Spurred by shared grievances, BRICS gathers pace
Economy|Finance|US

Widening U.S. fiscal deficit a growing worry, says Scope Ratings

A widening U.S. fiscal deficit is a growing concern and the threat of recurrent debt-ceiling standoffs and associated risk of a near or technical default remains a key factor behind

Widening U.S. fiscal deficit a growing worry, says Scope Ratings
Business|Economy|Finance

IMF's Georgieva says China risks 'way below' 4% growth unless reforms are made

International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China's annual economic growth could drop to "way below" 4% unless it executes reforms to lift

IMF's Georgieva says China risks 'way below' 4% growth unless reforms are made
Business|Finance|Stock Markets

S&P Global lifts annual profit forecast on demand for analytics products

Financial information company S&P Global raised its annual profit forecast on Thursday and beat Wall Street estimates for third-quarter profit on strong demand for its data and analytics

S&P Global lifts annual profit forecast on demand for analytics products
Economy|Finance|US

US applications for jobless benefits fall, but continuing claims rise to highest level since 2021

The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years

US applications for jobless benefits fall, but continuing claims rise to highest level since 2021
Economy|Finance

Brazil inflation picks up in mid-October with higher electricity costs

Inflation in Brazil accelerated in the month to mid-October, as higher electricity costs pushed consumer prices up in Latin America's largest economy.

Brazil inflation picks up in mid-October with higher electricity costs
Economy|Finance|US

US labor market plodding along, but jobs becoming more scarce

New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly

US labor market plodding along, but jobs becoming more scarce
Business|Economy|Finance|Stock Markets|US

DTE Energy beats quarterly profit estimates, boosted by higher rates

Electric and gas utility DTE Energy beat Wall Street estimates for third-quarter profit on Thursday, as higher supply rates and warmer weather helped performance of its electricity unit.

DTE Energy beats quarterly profit estimates, boosted by higher rates
Business|Economy|Finance|Stock Markets|US

Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall Street

Union Pacific’s third-quarter profit grew 9% as West Coast imports surged and drove the railroad’s total volume up 6%

Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall Street
Business|Economy|Finance|World

Reactions to the first expanded BRICS summit

Russia this week hosted the first summit of the newly expanded BRICS club of emerging economies, with leaders agreeing a set of common projects ranging from a grain exchange to a cross-

Reactions to the first expanded BRICS summit
Business|Economy|Europe|Finance

Czech central bank can keep easing, but with eye to inflation spots, rate-setter says

The Czech National Bank can continue easing monetary policy amid weaker growth abroad and a slow domestic demand recovery, but must be mindful of

Czech central bank can keep easing, but with eye to inflation spots, rate-setter says
Business|Finance|Stock Markets|US

Honeywell sales projections fall short due to ongoing supply-chain disruptions

Honeywell projected annual sales below Wall Street expectations and missed quarterly revenue estimates on Thursday as the industrial giant struggles

Honeywell sales projections fall short due to ongoing supply-chain disruptions
Americas|Economy|Finance

Brazil to calculate potential GDP to balance debate on rates, says minister

Brazil's government is considering calculating the country's potential growth rate in addition to the official GDP to show that there is room for the economy to

Brazil to calculate potential GDP to balance debate on rates, says minister
Asia|Business|Economy|Finance

Thai cbank sees no need for inflation target change, no easing cycle ahead

Thailand's current inflation target range of 1% to 3% has "served pretty well" and should not be changed, a

Thai cbank sees no need for inflation target change, no easing cycle ahead
Business|Finance|Stock Markets|US

BlackRock launches three targeted ETFs for investors looking to diversify risks

BlackRock has launched three new exchange-traded funds (ETFs), including two that offer exposure to the largest U.S. stocks and one designed to avoid them,

BlackRock launches three targeted ETFs for investors looking to diversify risks
Business|Finance|US

Union Pacific misses quarterly profit estimates despite price hikes, shares fall

U.S. railroad operator Union Pacific missed Wall Street estimates for quarterly revenue and profit on Thursday, as an unfavorable business mix and reduced fuel surcharge revenue offset

Union Pacific misses quarterly profit estimates despite price hikes, shares fall
Business|Finance|US

Textron lowers annual profit forecast on impact from Wichita strike

Cessna jet maker Textron lowered its annual profit forecast on Thursday, citing impact of the four-week strike by 5,000 workers at its Wichita plant.

Textron lowers annual profit forecast on impact from Wichita strike
Economy|Finance|World

Pakistan requests $1 billion in IMF climate cash and sees reserves rising

Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps low and middle income countries mitigate climate

Pakistan requests $1 billion in IMF climate cash and sees reserves rising
Economy|Finance

Tight US election clouds scenario for Brazil's next interest rate decision

Policymakers at Brazil's central bank will head into their November interest rate-setting meeting with an additional and unpredictable concern that goes way

Tight US election clouds scenario for Brazil's next interest rate decision
Business|Finance|Technology

Rogers' quarterly revenue takes hit from downbeat wireless subscriber growth

Canada's Rogers Communications missed third-quarter revenue estimates on Thursday as lower-than-expected wireless subscribers additions offset its higher sports-related revenue, sending its

Rogers' quarterly revenue takes hit from downbeat wireless subscriber growth
Business|Finance|Health

Labcorp's quarterly results beat on diagnostic tests demand

Laboratory operator Labcorp beat Wall Street estimates for third-quarter profit and revenue on Thursday as strong demand for diagnostic tests offset a hit from hurricane-led disruptions.

Labcorp's quarterly results beat on diagnostic tests demand
Africa|Economy|Finance|World

Egypt economy seen growing as IMF measures run course: Reuters poll

Egypt's economic growth will increase to 4.0% in the year to the end of June 2025 as austerity measures imposed under an International Monetary Fund programme run

Egypt economy seen growing as IMF measures run course: Reuters poll
Business|Finance|Stock Markets|US

Nasdaq's third-quarter profit rises on fintech strength

Nasdaq reported a rise in third-quarter profit on Thursday, helped by strong demand in its solutions business that houses the exchange operator's

Nasdaq's third-quarter profit rises on fintech strength
Business|Finance|Travel|US

American Airlines lifts profit view on higher pricing, sales strategy correction

American Airlines lifted its annual profit forecast on Thursday, on improved pricing power and a recovery from the missteps in its sales strategy that led to an exodus of

American Airlines lifts profit view on higher pricing, sales strategy correction
Business|Finance|Sports

TKO Group to acquire some Endeavor sports assets for $3.25 billion

TKO Group Holdings said on Thursday it would acquire some of Endeavor Group Holdings' sports assets in a deal valued at $3.25 billion.

TKO Group to acquire some Endeavor sports assets for $3.25 billion
Business|Economy|Finance|US

Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money

Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a monthslong fight with the hedge fund

Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money
Business|Finance|Stock Markets|US

Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company's motorcycles in North America,

Harley-Davidson lowers full-year revenue forecast on weak demand
Business|Finance

KKR's quarterly profit soars on record-high fee income

Alternative fund manager KKR & Co reported a 58% jump in adjusted net income for the third quarter of 2024, driven by record fee-related income, as well as earnings

KKR's quarterly profit soars on record-high fee income
Business|Finance|Stock Markets|US

Northrop Grumman lifts 2024 profit forecast again as global defense spending climbs

U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time amid increased global defense spending prompted by

Northrop Grumman lifts 2024 profit forecast again as global defense spending climbs
Crime|Election|Europe|Finance|Political

Moldovan president says bribery affected election, pledges run-off vote

Moldova's pro-European president said on Thursday that mass bribery had affected a presidential election and a referendum on joining the European Union, but

Moldovan president says bribery affected election, pledges run-off vote
Business|Economy|Finance|US

Southwest Airlines settles boardroom feud with activist investor Elliott

Southwest Airlines and its activist investor Elliott Investment Management ended a bitter months-long boardroom battle on

Southwest Airlines settles boardroom feud with activist investor Elliott
Business|Economy|Finance|US

Valero Energy quarterly profit plunges on weak refining margins

Refiner Valero Energy posted an 86% slump in third-quarter profit on Thursday on falling refining margins, but it managed to beat Wall Street expectations.

Valero Energy quarterly profit plunges on weak refining margins
Business|Finance|Stock Markets|US

Hasbro's cost-saving efforts drive profit beat even as toy sales drag

Hasbro surpassed Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, even as weak consumer

Hasbro's cost-saving efforts drive profit beat even as toy sales drag
Business|Economy|Finance

Swiss bankers flag concerns over plans for tougher capital rules

The Swiss Bankers Association on Thursday criticised government plans for tougher capital requirements on UBS following the 2023 collapse of Credit

Swiss bankers flag concerns over plans for tougher capital rules
Business|Economy|Finance

UK business sentiment weakest in two years before budget, CBI says

Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves' first budget next week, a survey showed on Thursday.

UK business sentiment weakest in two years before budget, CBI says
Business|Finance|Stock Markets|Technology|US

IBM falls as slowing enterprise spending pressure consulting growth

IBM shares fell more than 6% on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.

IBM falls as slowing enterprise spending pressure consulting growth
Business|Europe|Finance|US

Dow forecasts weak Q4, sagging demand leads to review of some Europe assets

Chemical company Dow said on Thursday it has begun a review of some of its European assets, and forecast fourth-quarter revenue below market expectations.

Dow forecasts weak Q4, sagging demand leads to review of some Europe assets
Business|Europe|Finance|Technology

EU privacy regulator fines LinkedIn 310 million euro

The lead European Union privacy regulator on Thursday said it had imposed a 310 million euro ($335 million) fine on Microsoft's professional networking platform LinkedIn over its

EU privacy regulator fines LinkedIn 310 million euro
Business|Economy|Finance

UPS returns to profit, revenue growth ahead of crucial holidays; shares jump

United Parcel Service reported better-than-expected quarterly profit and revenue on Thursday, ahead of the crucial peak holiday season, boosted by

UPS returns to profit, revenue growth ahead of crucial holidays; shares jump
Economy|Finance|Health|US

Exclusive: Weight-loss drugs didn't curb health costs within two years, data show

Drugs like Wegovy may trim your waistline but not medical costs, according to an analysis of U.S. health insurance claims shared with Reuters.

Exclusive: Weight-loss drugs didn't curb health costs within two years, data show
Business|Finance|US

How a US judge injected culture wars into Boeing 737 MAX plea deal

A Texas federal judge with a record of ruling in favor of conservative causes injected uncertainty into Boeing's agreement to plead guilty

How a US judge injected culture wars into Boeing 737 MAX plea deal
Business|Economy|Finance

Canadian homeowners consider switch to variable rate mortgages after big rate cut

More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on

Canadian homeowners consider switch to variable rate mortgages after big rate cut
Business|Economy|Europe|Finance

German wage catch-up continues even as economy shrinks, Bundesbank says

German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country's central bank said

German wage catch-up continues even as economy shrinks, Bundesbank says
Business|Economy|Finance|US

Rate cuts to accelerate US banks' move to higher-yielding investments

Rate cuts and easing bond yields are spurring some U.S. banks to cut losses on low-yielding investment securities, and park those funds in higher-yielding paper to improve

Rate cuts to accelerate US banks' move to higher-yielding investments
Business|Economy|Finance|Stock Markets|US

Markets bounce as Tesla surges, yields retreat

A look at the day ahead in U.S. and global markets from Mike Dolan Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla that sent its

Markets bounce as Tesla surges, yields retreat
Business|Economy|Europe|Finance|Technology

Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty

Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine
Business|Finance|Stock Markets|US

Nasdaq, S&P end higher as Tesla jumps, yields pull back

The Nasdaq and the S&P 500 gained on Thursday, driven by Tesla's positive earnings forecast and a decline in Treasury yields from

Nasdaq, S&P end higher as Tesla jumps, yields pull back
Business|Finance|Stock Markets

Keurig Dr Pepper raises its bets on energy drinks with $990 million deal for Ghost

Keurig Dr Pepper is buying a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028, as it looks to spruce up its

Keurig Dr Pepper raises its bets on energy drinks with $990 million deal for Ghost
Business|Finance

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline recorded in seven years, the Global Insurance Market Index by broker and risk

Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Business|Europe|Finance|Health|Stock Markets

Spanish drugmaker Rovi to keep third-party manufacturing business

Spanish drugmaker Rovi will not sell its third-party contract development and manufacturing business (CDMO) after reviewing several non-binding offers, it said on Thursday.

Spanish drugmaker Rovi to keep third-party manufacturing business
Business|Economy|Finance|World

Unilever making 'drastic' changes in Indonesia amid boycotts

Unilever will make "drastic" changes in Indonesia, its finance chief said on Thursday as consumers boycott multinational brands in response to the war in Gaza and

Unilever making 'drastic' changes in Indonesia amid boycotts
Business|Economy|Finance|World

Saudi Arabia's FDI inflows at $26 billion in 2023, exceeding target

Saudi Arabia, the Arab world's biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to

Saudi Arabia's FDI inflows at $26 billion in 2023, exceeding target
Finance|MidEast|Stock Markets

Most Gulf markets ease on regional tensions

Most stock markets in the Gulf were lower on Thursday as simmering geopolitical tensions in the Middle East kept investors on the sidelines.

Most Gulf markets ease on regional tensions
Business|Finance|Stock Markets|Technology

Tesla rallies most in over a decade on Musk's bold EV forecast

Tesla shares closed up nearly 22% on Thursday - their biggest single-day gain in over a decade - as CEO Elon Musk's bold forecast of surging sales reassured

Tesla rallies most in over a decade on Musk's bold EV forecast
Asia|Business|Economy|Finance

Japanese banks should stay vigilant against market tail risks, BOJ says

Japanese banks have sufficient capital bases but need to be vigilant against tail risks including developments in global financial markets and geopolitical perils, the Bank of Japan

Japanese banks should stay vigilant against market tail risks, BOJ says
Asia|Business|Economy|Finance

Thaw in China ties unlikely to deter India's plans for steel tariffs, source says

Signs of thawing ties a day after the leaders of India and China met are unlikely to deter New Delhi's plans to back tariffs on steel as they are not country-

Thaw in China ties unlikely to deter India's plans for steel tariffs, source says
Business|Europe|Finance|Stock Markets

Kering shares up, shrugging off 2024 operating profit warning

Shares in Gucci-owner Kering rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost halve to its lowest in years due to weak

Kering shares up, shrugging off 2024 operating profit warning
Business|Finance|Stock Markets|Technology

Tesla shares pop 12% in Frankfurt on strong sales forecast

Tesla's Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.

Tesla shares pop 12% in Frankfurt on strong sales forecast
Business|Europe|Finance

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand

UK's Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectations, after posting a 32% jump in first-half revenue, driven by another round

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
Business|Europe|Finance|Technology

French court approves Atos rescue plan

French technology group Atos has received approval from the Nanterre Commercial Court for its proposed accelerated restructuring plan, the company said on Thursday.

French court approves Atos rescue plan
Business|Finance

Anglo American copper, diamond output down in Q3, 2024 guidance unchanged

Global miner Anglo American on Thursday posted double-digit falls in its third-quarter copper and diamond production but maintained its 2024 guidance for the commodities.

Anglo American copper, diamond output down in Q3, 2024 guidance unchanged
Business|Europe|Finance|Stock Markets

Unilever beats third-quarter underlying sales estimate

Unilever achieved slightly better than expected underlying quarterly sales after winning back more shoppers with product innovations and slower price increases,

Unilever beats third-quarter underlying sales estimate
Business|Europe|Finance|Stock Markets

LSEG's third-quarter income tops forecasts, shares hit record

London Stock Exchange Group said on Thursday that its income rose a better-than-expected 9.5% in the third quarter after strong growth in its capital markets

LSEG's third-quarter income tops forecasts, shares hit record
Business|Finance|Stock Markets

Barclays boosts profit, ups income outlook as investment bank delivers

Barclays reported a forecast-beating 18% rise in third-quarter profit on Thursday, as slower than expected interest rate cuts and upbeat

Barclays boosts profit, ups income outlook as investment bank delivers
Business|Economy|Finance

Hermes continues to outshine rivals with Q3 sales up 11.3%

Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury

Hermes continues to outshine rivals with Q3 sales up 11.3%
Business|Economy|Europe|Finance

KKR to take 25% stake in Eni biofuel unit, valuing it at $13 billion

U.S. fund KKR is buying a 25% stake in Italian energy group Eni's biofuel business Enilive, in a deal that values the unit at 11.75 billion euros ($12.7 billion)

KKR to take 25% stake in Eni biofuel unit, valuing it at $13 billion
Business|Economy|Finance|Food

Unilever and Danone win back shoppers as price hikes slow

Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in

Unilever and Danone win back shoppers as price hikes slow
Business|Finance|Stock Markets

Orange Q3 beats market view, reiterates guidance

Orange on Thursday reported third-quarter profit that was slightly ahead of market expectations, driven by a strong performance at its Africa and

Orange Q3 beats market view, reiterates guidance
Asia|Business|Economy|Finance

India's business activity grows at faster clip in Oct, PMI shows

Growth in India's business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a

India's business activity grows at faster clip in Oct, PMI shows
Business|Economy|Finance|Food

French caterer Sodexo sees softer sales growth in 2025 after annual beat

French food caterer Sodexo expects its organic sales growth to slow down to between 5.5% and 6.5% in the fiscal 2025, it said on Thursday, after reporting higher-than-

French caterer Sodexo sees softer sales growth in 2025 after annual beat
Business|Finance|Stock Markets

Hyundai Motor Q3 profit misses forecast as demand slows; shares slide

Hyundai Motor Co warned on Thursday of slowing demand and intensifying competition, but stuck to its 2024 earnings target after reporting a 7% fall in third-quarter operating profit,

Hyundai Motor Q3 profit misses forecast as demand slows; shares slide
Business|Finance|US

Beiersdorf optimistic on future despite China challenges

Nivea maker Beiersdorf reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter,

Beiersdorf optimistic on future despite China challenges
Business|Economy|Europe|Finance

Renault beats Q3 forecasts as new launches lift sales

French carmaker Renault reported an unexpected rise in quarterly revenues on Thursday, as strong

Renault beats Q3 forecasts as new launches lift sales
Business|Europe|Finance|Technology

Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown

French software company Dassault Systemes cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive

Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Business|Economy|Finance|Stock Markets

Teck Resources reports Q3 profit beat, cuts FY copper production forecast

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher copper production volumes at its Chile mine and on strong prices of the red metal.

Teck Resources reports Q3 profit beat, cuts FY copper production forecast
Business|Economy|Finance|Stock Markets

Equinor eyes lower spending on renewables after Orsted transaction

Equinor said on Thursday it may invest less in renewable energy towards 2030 following its acquisition this month of a stake in wind power group

Equinor eyes lower spending on renewables after Orsted transaction
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps

Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps
Business|Economy|Europe|Finance

ECB probably to cut rates by 25 basis points in Dec, Bloomberg News reports

The European Central Bank (ECB) will probably cut interest rates by a quarter-point in December, Bloomberg News reported on Thursday in an interview with ECB policymaker Robert Holzmann.

ECB probably to cut rates by 25 basis points in Dec, Bloomberg News reports
Business|Economy|Europe|Finance|Stock Markets

PMIs take centre stage

A look at the day ahead in European and global markets from Rae Wee Markets in Europe on Thursday will be focused on a raft of preliminary Purchasing Managers' Index (PMI) readings, particularly from

PMIs take centre stage
Business|Finance

Dubai and Abu Dhabi race to lure world's wealth managers

Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping

Dubai and Abu Dhabi race to lure world's wealth managers
Asia|Business|Economy|Finance

Japan warns against 'one-sided' currency moves as yen slides

Japanese Finance Minister Katsunobu Kato issued a warning against currency speculation on Wednesday, expressing concern over "one-sided, rapid" moves in the

Japan warns against 'one-sided' currency moves as yen slides
Business|Finance

Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports

Elliott Investment Management and Southwest Airlines are close to reaching a settlement that would avert a proxy battle for control of the airline's board, Bloomberg News reported on

Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports
Asia|Business|Election|Finance|Stock Markets|US

Global shares edge higher, US yields fall as strong earnings allay election worries

Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S.

Global shares edge higher, US yields fall as strong earnings allay election worries
Business|Finance

Seven & i makes no mention of $47 billion buyout bid in laying out growth plan

Japanese conglomerate Seven & i Holdings laid out a growth plan on Thursday that focused on its core 7-Eleven convenience stores and avoided any mention of a $47 billion takeover bid

Seven & i makes no mention of $47 billion buyout bid in laying out growth plan
Business|Finance|US

Boeing factory workers reject wage deal, extending strike

Boeing U.S. factory workers rejected a new wage offer on Wednesday, extending a strike that is crippling the finances of the troubled planemaker and its suppliers.

Boeing factory workers reject wage deal, extending strike
Economy|Finance|US

Euro, yen climb as dollar rally takes a breather

The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly

Euro, yen climb as dollar rally takes a breather
Asia|Finance|Stock Markets|Technology

Horizon Robotics shares shine on Hong Kong debut

Shares of Horizon Robotics ended 2.8% higher on their Hong Kong debut on Thursday, after the Chinese autonomous vehicle maker raised $696 million in

Horizon Robotics shares shine on Hong Kong debut
Business|Finance|Technology|US

Tesla promises paid robotaxis next year, but significant hurdles remain

Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim

Tesla promises paid robotaxis next year, but significant hurdles remain
Australia|Business|Finance

Australia's Westpac appoints Peter Herbert as acting CEO of business segment

Australia's Westpac said on Thursday Peter Herbert will be appointed as acting chief executive for its business and wealth segment, effective Nov. 5.

Australia's Westpac appoints Peter Herbert as acting CEO of business segment
Business|Economy|Finance|Stock Markets|US

Oil prices ease on possible new Middle East ceasefire talks

Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza.

Oil prices ease on possible new Middle East ceasefire talks
Asia|Business|Economy|Finance|Stock Markets

Japan's factory activity dips for 4th straight month, PMI shows

Japan's factory activity contracted for the fourth straight month in October on subdued demand and weak orders, a private-sector survey showed on Thursday.

Japan's factory activity dips for 4th straight month, PMI shows
Americas|Economy|Finance

World Bank, IDB grant Argentina $8.8 billion in financing for economic development

The World Bank and the Inter-American Development Bank (IDB) are providing Argentina with $8.8 billion in financing, the South American country's economy ministry announced on Wednesday, as

World Bank, IDB grant Argentina $8.8 billion in financing for economic development
Business|Finance|Technology

Platinum Equity's Ingram Micro to raise about $409 million in US IPO

Ingram Micro priced its U.S. initial public offering at $22 per share, within its targeted range of $20 and $23 on Wednesday, to raise $409.2 million, the technology distributor said.

Platinum Equity's Ingram Micro to raise about $409 million in US IPO
Business|Finance|Technology

Chinese self-driving startup WeRide files for $119 million U.S. IPO

Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq and a private placement of $320.5 million, according to a term sheet seen by Reuters on

Chinese self-driving startup WeRide files for $119 million U.S. IPO
Americas|Business|Finance

Tequila maker Becle quadruples net profit in third quarter on peso's slump

Mexico's Becle, the world's largest tequila producer, more than quadrupled its net profit in the third quarter, it said on Wednesday, boosted by favorable foreign exchange-rate

Tequila maker Becle quadruples net profit in third quarter on peso's slump
Asia|Business|Economy|Finance|US

Bears circle China's yuan gearing for Trump win

China's currency is feeling the pressure from a possible return of Donald Trump as U.S. president, not just from speculators shorting the currency but also mainland

Bears circle China's yuan gearing for Trump win
Business|Finance|Technology

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record
Business|Economy|Europe|Finance

UK finance minister Reeves promises economic 'reset' in upcoming budget

British finance minister Rachel Reeves said she would be presenting her upcoming budget as a chance to reset the country's economy and boost investment when

UK finance minister Reeves promises economic 'reset' in upcoming budget
Asia|Business|Finance

Big Tech tanks, yen slide accelerates

A look at the day ahead in Asian markets. 

Big Tech tanks, yen slide accelerates
Business|Economy|Finance|Stock Markets|US

United Rentals misses third-quarter profit estimates on lower margins

United Rentals missed third-quarter profit estimates on Wednesday, on lower margins across all of the equipment rental company's segments.

United Rentals misses third-quarter profit estimates on lower margins
Business|Finance|US

Boeing defense's business is 'core', but struggles abound for new CEO

Boeing CEO Kelly Ortberg anticipates the planemaker's defense business will continue to struggle under the weight of budget-busting older contracts, but he said on

Boeing defense's business is 'core', but struggles abound for new CEO
Business|Economy|Finance|Technology

Tesla cuts its costs to build cars, boosting earnings

Tesla cuts its costs to build cars, boosting earnings

Tesla cuts its costs to build cars, boosting earnings
Business|Economy|Finance|Stock Markets|US

Ameriprise Financial reports higher Q3 profit boosted by robust fee income

U.S. financial adviser firm Ameriprise Financial reported a 11% rise in third-quarter profit on Wednesday, as a market rally boosted the value of its client's assets, helping the firm earn

Ameriprise Financial reports higher Q3 profit boosted by robust fee income
Business|Economy|Finance

Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked

The chair of the Basel Committee on Banking Supervision (BCBS), the

Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked
Finance|Stock Markets

Las Vegas Sands misses third-quarter profit estimates on weak Macao business

Las Vegas Sands missed analysts' expectations for quarterly profit on Wednesday, hit by an ongoing renovation at its Londoner casino in Macao and lower-than-expected per table income in

Las Vegas Sands misses third-quarter profit estimates on weak Macao business
Business|Economy|Finance|Technology

Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago

Tesla’s third-quarter net income rose 17.3% on stronger electric vehicle sales

Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago
Business|Finance|Technology

IBM misses third-quarter revenue estimates as consulting drags; shares fall

International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on

IBM misses third-quarter revenue estimates as consulting drags; shares fall
Business|Finance|Stock Markets|US

Mattel beats profit estimates on cost controls but trims annual sales forecast

Mattel topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial

Mattel beats profit estimates on cost controls but trims annual sales forecast
Business|Finance|Technology|US

Tesla surprises with sales forecast and cost efficiency, shares jump

Tesla CEO Elon Musk said he expects vehicle sales to grow 20% to 30% next year, reassuring investors the company was improving its core business of selling

Tesla surprises with sales forecast and cost efficiency, shares jump
Business|Finance|Stock Markets|US

Newmont misses profit estimates on higher costs, weaker Nevada output

Newmont, the world's top gold producer, missed Wall Street expectations for third-quarter profit on Wednesday, as higher costs and lower production in Nevada took the shine away from a rise

Newmont misses profit estimates on higher costs, weaker Nevada output
Business|Finance|Technology

T-Mobile beats estimates for wireless subscriber additions, fueled by demand for premium plans

T-Mobile US on Wednesday exceeded expectations for quarterly wireless subscriber additions as more customers chose its discounted plans that bundle streaming services like

T-Mobile beats estimates for wireless subscriber additions, fueled by demand for premium plans
Business|Election|Finance|Stock Markets|US

Dow sinks sharply as Wall Street gears up for possibility of a Trump victory

Dow sinks sharply as Wall Street gears up for possibility of a Trump victory

Dow sinks sharply as Wall Street gears up for possibility of a Trump victory
Business|Finance|Technology

Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders

A federal regulator has ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled Apple Card customers' transaction

Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders
Americas|Crime|Economy|Finance|US

US charges Venezuelan TV news network owner in alleged $1.2 billion money laundering scheme

The U.S. Justice Department said on Wednesday that a Venezuelan television news network owner was charged in an alleged $1.2 billion money laundering scheme.

US charges Venezuelan TV news network owner in alleged $1.2 billion money laundering scheme
Business|Finance|US

Trump ally Lindell asks court to overturn award for debunking US election claims

Donald Trump ally Mike Lindell, the CEO of MyPillow.com, asked a U.S. appeals court on Wednesday to strike down a $5 million award to a man who successfully debunked his

Trump ally Lindell asks court to overturn award for debunking US election claims
Business|Economy|Europe|Finance

UniCredit-Commerzbank deal should be judged on financial strength - Bank of Italy

The European Central Bank should evaluate any deal between Italian lender UniCredit and Germany's Commerzbank purely based on the solidity of the resulting bank rather than national

UniCredit-Commerzbank deal should be judged on financial strength - Bank of Italy
Asia|Business|Economy|Finance

BOJ chief says it is 'still taking time' to hit inflation goal

Bank of Japan Governor Kazuo Ueda said on Wednesday it was "still taking time" to sustainably achieve its 2% inflation target, signaling that the central bank

BOJ chief says it is 'still taking time' to hit inflation goal
Economy|Finance|World

France targets 500 million euros for Lebanon at Paris meeting, ministry says

France is hoping that a meeting on Thursday of some 70 delegations to support Lebanon will raise about 500 million euros ($540 million) in humanitarian aid, according to a foreign

France targets 500 million euros for Lebanon at Paris meeting, ministry says
Business|Finance|US

Reuters Events-US automakers urged to innovate despite tariffs on Chinese rivals

Leaders from American automakers and their suppliers said at a Reuters event in Detroit this week that the industry cannot afford complacency

Reuters Events-US automakers urged to innovate despite tariffs on Chinese rivals
Business|Economy|Finance|US

US firms point to steady economy but see lower profit margins, Fed says

U.S. economic activity was little changed from September through early October and firms saw a slight uptick in hiring, continuing recent trends that have reinforced

US firms point to steady economy but see lower profit margins, Fed says
Business|Finance|Sports

Shohei Ohtani’s historic 50-50 ball sells for record price of $4.39M at auction amid ongoing lawsuit over ownership

Shohei Ohtani’s historic 50-50 ball sells for record price of $4.39M at auction amid ongoing lawsuit over ownership

Shohei Ohtani’s historic 50-50 ball sells for record price of $4.39M at auction amid ongoing lawsuit over ownership
Business|Finance|US

"I'd probably just die": 26% of employed Americans don't know how they'd cover expenses if they couldn't work for 3 years

Policygenius explains the importance of long-term disability insurance and the state of those with or without LTDI in the U.S.

"I'd probably just die": 26% of employed Americans don't know how they'd cover expenses if they couldn't work for 3 years
Business|Economy|Finance|Stock Markets|US

JPMorgan looks to resume trading physical LNG, Bloomberg News reports

JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.

JPMorgan looks to resume trading physical LNG, Bloomberg News reports
Business|Economy|Finance

14 reasons why it's so hard to save money today

SoFi shares 14 reasons why people are having trouble saving money, plus tips to start stashing away more cash.

14 reasons why it's so hard to save money today
Election|Finance|US

Bridgewater says Fed independence is a top concern in US election

Hedge fund Bridgewater Associates said the Federal Reserve independence is probably a top issue in the U.S. presidential election, according to a commentary sent

Bridgewater says Fed independence is a top concern in US election
Business|Finance|US

New York probing legality of Capital One-Discover merger

New York Attorney General Letitia James is investigating whether Capital One's proposed $35.3 billion takeover of Discover Financial Services violates the

New York probing legality of Capital One-Discover merger
Americas|Election|Finance|Videos

Uruguay presidential candidate warns pension reform would 'blow up' economic stability

A Uruguayan pension reform plan that seeks to lower the retirement age to 60 and will be put to citizens in a referendum on Sunday would "blow up" the South

Uruguay presidential candidate warns pension reform would 'blow up' economic stability
Business|Economy|Finance|US

Trump Organization intends to create 25 entities for future product or hotel licensing deals, monitor says

Trump Organization intends to create 25 entities for future product or hotel licensing deals, monitor says

Trump Organization intends to create 25 entities for future product or hotel licensing deals, monitor says
Finance|Political|US|World

US finalizes $20 billion share of $50 billion G7 loan to Ukraine

The U.S. on Wednesday finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets, announcing

US finalizes $20 billion share of $50 billion G7 loan to Ukraine
Americas|Economy|Finance

Brazil's Haddad says measures for fiscal rules sustainability to be discussed with Lula

Brazil's Finance Minister Fernando Haddad said on Wednesday that a "remedy" to ensure the sustainability of the country's fiscal framework will be discussed

Brazil's Haddad says measures for fiscal rules sustainability to be discussed with Lula
Business|Finance|Stock Markets

Michelin cuts sales volume forecast as quarterly sales miss estimates

Michelin on Wednesday cut its sales volume forecast for the full year as the French tyre maker reported third-quarter sales that fell short of market expectations due to weaker demand.

Michelin cuts sales volume forecast as quarterly sales miss estimates
Business|Europe|Finance|Stock Markets|US

France's Kering warns on 2024 operating profit as Gucci sales fall

Kering warned on Wednesday its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the struggles of the French luxury

France's Kering warns on 2024 operating profit as Gucci sales fall
Business|Finance|Stock Markets|US

Baker Hughes forecasts higher margins on strong order backlog

Baker Hughes on Wednesday forecast continued pretax margin gains in the fourth quarter and next year after beating Wall Street estimates for its third-quarter profit.

Baker Hughes forecasts higher margins on strong order backlog
Economy|Europe|Finance

ECB's Lagarde: We need to be cautious in cutting rates

The European Central Bank will need to be cautious when deciding on further interest rate reductions and take its cue from incoming data, ECB President Christine Lagarde said on

ECB's Lagarde: We need to be cautious in cutting rates
Business|Economy|Finance|Technology

Apple and Goldman Sachs ordered to pay $89 million after Apple Card failures

Apple and Goldman Sachs ordered to pay $89 million after Apple Card failures

Apple and Goldman Sachs ordered to pay $89 million after Apple Card failures
Africa|Business|Economy|Finance

Shell setback upsets Nigeria's quest to lure investment

Nigeria's decision this week to block Shell's $2.4 billion sale of its onshore assets has sent a negative signal to investors the country urgently needs to

Shell setback upsets Nigeria's quest to lure investment
Economy|Finance|US

Average FICO Scores increased the most in these 9 cities

Experian shares insights about the states where credit scores have been increasing most.

Average FICO Scores increased the most in these 9 cities
Business|Economy|Finance

G20 finance chiefs see 'good prospects' for global soft landing, draft communique says

Finance chiefs from the leading developed and emerging economies see "good prospects" for a soft landing for the global economy, and they have committed to

G20 finance chiefs see 'good prospects' for global soft landing, draft communique says
Economy|Finance|Political|US|World

US and G7 allies moving forward with $50 billion loan package to Ukraine, including $20 billion from the US backed by frozen Russian assets

US and G7 allies moving forward with $50 billion loan package to Ukraine, including $20 billion from the US backed by frozen Russian assets

US and G7 allies moving forward with $50 billion loan package to Ukraine, including $20 billion from the US backed by frozen Russian assets
Economy|Finance|Political

EU budget must be more focused, link reforms and investment, commissioner-designate says

The European Union's next long-term budget should focus on fewer programmes and link reforms to investment to help channel EU cash into areas that the EU

EU budget must be more focused, link reforms and investment, commissioner-designate says
Business|Economy|Finance

Seven & i aims to convince investors it can deliver on its own

Japan's Seven & i will be looking to convince shareholders it can deliver long-term growth on its own when it speaks to them on Thursday, after announcing a sweeping

Seven & i aims to convince investors it can deliver on its own
Business|Europe|Finance|Stock Markets|US

Harbour Energy joins North Sea producers' retreat ahead of tax hikes

Top British North Sea producer Harbour Energy wants to sell stakes in North Sea oilfields and is reviving plans for a U.S. listing, sources said, as more firms scale

Harbour Energy joins North Sea producers' retreat ahead of tax hikes
Economy|Finance

Brazil's central bank committed to lowering inflation to target, policymakers say

Policymakers at Brazil's central bank on Wednesday stressed that they will do whatever it takes to bring inflation back down to the country's 3% target, while voicing concern about

Brazil's central bank committed to lowering inflation to target, policymakers say
Business|Economy|Finance|US

US watchdog orders Goldman Sachs, Apple to pay $89 million over consumer failures

Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business that affected hundreds of

US watchdog orders Goldman Sachs, Apple to pay $89 million over consumer failures
Business|Finance|US

JPMorgan names insider Michelle Herrick as head of commercial real estate

U.S. banking giant JPMorgan Chase on Wednesday named insider Michelle Herrick as its head of commercial real estate business, effective January, succeeding Al Brooks.

JPMorgan names insider Michelle Herrick as head of commercial real estate
Economy|Finance|US

IMF fiscal chief says U.S. debt sustainable, but it's time for consolidation

The U.S. debt path is still sustainable despite steady growth because policymakers have many options to bring debt under control and have an enviable combination of strong

IMF fiscal chief says U.S. debt sustainable, but it's time for consolidation
Economy|Europe|Finance|Stock Markets

French bond investors brace for Moody's rating review

Rating agency Moody's will review France's sovereign rating on Friday in what could be the next test of sentiment for bond investors.

French bond investors brace for Moody's rating review
Economy|Finance

IMF says UK should shield investment while curbing debt

Britain should bring public debt under control in a way that preserves public investment, a top official at the International Monetary Fund

IMF says UK should shield investment while curbing debt
Business|Economy|Finance|World

World Bank says will double agricultural commitments to $9 billion a year by 2030

The World Bank will double its commitment for investments in agricultural financing and businesses to $9 billion a year by 2030, the lender's president announced on Wednesday. 

World Bank says will double agricultural commitments to $9 billion a year by 2030
Economy|Finance|US|World

BRICS is for the fairies until China and India get serious, 'Mr BRICS' says

The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade,

BRICS is for the fairies until China and India get serious, 'Mr BRICS' says
Business|Economy|Finance|Stock Markets|US

US existing home sales slide to 14-year low; prices stay elevated

U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices.

US existing home sales slide to 14-year low; prices stay elevated
Business|Economy|Finance|US

US home sales slowed again in September, falling to weakest annual pace in nearly 14 years

Sales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb

US home sales slowed again in September, falling to weakest annual pace in nearly 14 years
Business|Economy|Europe|Finance

Swiss attract less foreign cash from rich clients as Credit Suisse crash weighs, survey says

Switzerland is becoming less attractive to wealthy clients, with a decline in assets managed by the country's banks and financial advisers, according to a study published on

Swiss attract less foreign cash from rich clients as Credit Suisse crash weighs, survey says
Economy|Finance|US|World

G7 allies are moving ahead with a $50 billion loan for Ukraine backed by frozen Russian funds

Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of Seven allies

G7 allies are moving ahead with a $50 billion loan for Ukraine backed by frozen Russian funds
Business|Finance|US

Warren Buffett says he won't endorse investment products or candidates

Warren Buffett will not endorse investment products or political candidates, according to a statement on conglomerate Berkshire Hathaway's website, in an apparent

Warren Buffett says he won't endorse investment products or candidates
Business|Economy|Finance|Food|Health|Stock Markets|US

McDonald’s president says its food is safe to eat after E. coli outbreak

McDonald’s president says its food is safe to eat after E. coli outbreak

McDonald’s president says its food is safe to eat after E. coli outbreak
Business|Economy|Finance|US

Starbucks reveals what an enormous mess its new CEO has to clean up

Starbucks reveals what an enormous mess its new CEO has to clean up

Starbucks reveals what an enormous mess its new CEO has to clean up
Business|Finance|Health|Stock Markets

Merck buys cancer therapy developer Modifi Biosciences for up to $1.3 billion

Merck has acquired Modifi Biosciences for as much as $1.3 billion, gaining access to its experimental cancer therapies, the privately held biotech firm said on Wednesday.

Merck buys cancer therapy developer Modifi Biosciences for up to $1.3 billion
Business|Economy|Finance

Brazil's Azul weighs options to raise fresh capital, deal seen close, sources say

Brazilian airline Azul is in talks with multiple parties to raise about $400 million in fresh capital via debt financing and an agreement

Brazil's Azul weighs options to raise fresh capital, deal seen close, sources say
Asia|Business|Economy|Finance

India's inflation on downward trend but need to be cautious, cenbank minutes show

India cannot risk another bout of inflation and the monetary policy committee (MPC) must adopt a cautious approach to lowering interest rates, members of the rate-

India's inflation on downward trend but need to be cautious, cenbank minutes show
Business|Finance|Stock Markets|US

Northern Trust quarterly profit jumps on higher fee from asset management

Northern Trust reported a 42% rise in third-quarter profit on Wednesday, on a higher fee income from servicing and managing client assets, sending the asset and wealth manager's shares up

Northern Trust quarterly profit jumps on higher fee from asset management
Business|Economy|Finance

Retro bonds return from the '80s to speed up debt reworks, but at a cost

The recent cascade of countries defaulting on their debt has brought back into vogue complex securities, born in the 1980s, that aim

Retro bonds return from the '80s to speed up debt reworks, but at a cost
Economy|Finance|World

IMF urges Turkey to avoid repeat of bumper minimum wage hike

Turkey should avoid a repeat of its last inflation-fuelling minimum wage hike when the next raise is due on Jan. 1 and focus on support measures for the

IMF urges Turkey to avoid repeat of bumper minimum wage hike
Business|Finance

Unilever's pricing shift may have attracted shoppers in third quarter

Investors are looking to Unilever's third-quarter results on Thursday to see if the consumer goods group has started to claw back some market share lost to cheaper

Unilever's pricing shift may have attracted shoppers in third quarter
Economy|Finance|Stock Markets

NextEra considers nuclear restart in Iowa, while renewable deals swell

NextEra Energy is conducting engineering studies and speaking with federal regulators about the possible restart of its Duane Arnold nuclear power plant in

NextEra considers nuclear restart in Iowa, while renewable deals swell
Business|Europe|Finance

HSBC CEO tells staff senior redundancies inevitable after revamp

Some senior HSBC staff should brace for job cuts after the bank's latest restructuring, Chief Executive Georges Elhedery told staff in a memo seen by Reuters on

HSBC CEO tells staff senior redundancies inevitable after revamp
Business|Economy|Finance|Technology|US

Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker

Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a "fundamental culture change" at the

Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker
Business|Economy|Finance

Coke's quarterly revenue and volumes fall but still beat expectations

Coca-Cola Co. said Wednesday its third-quarter revenue fell as sales volumes flattened or declined around the world

Coke's quarterly revenue and volumes fall but still beat expectations
Business|Finance|US

General Dynamics' revenue rise on defense, but profits hit by bizjet deliveries

General Dynamics reported a more than 10% rise in third-quarter revenue on Wednesday, driven by strength in its defense unit, but fewer business jet

General Dynamics' revenue rise on defense, but profits hit by bizjet deliveries
Business|Finance|Stock Markets|US

CME Group profit jumps on record rates trading

CME Group reported a rise in third-quarter profit on Wednesday, as uncertainty around U.S. monetary policy and geopolitical events sent investors

CME Group profit jumps on record rates trading
Business|Finance|Food|US

Coca-Cola eyes top-end of 2024 sales view on resilient soda demand in US

Coca-Cola is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the U.S. helped it post

Coca-Cola eyes top-end of 2024 sales view on resilient soda demand in US
Business|Finance|Stock Markets

Thermo Fisher raises profit forecast on strong demand for its tools and services

Thermo Fisher Scientific on Wednesday raised the lower end of its annual profit forecast, tweaking it for the third time this year, betting on improved demand for its tools and services

Thermo Fisher raises profit forecast on strong demand for its tools and services
Business|Economy|Europe|Finance

Italy to raise more than 5 billion euros over next three years from banks, insurers

Italy expects to raise about 5.4 billion euros ($5.82 billion) over the next three years from banks and insurers through a package of measures

Italy to raise more than 5 billion euros over next three years from banks, insurers
Business|Finance|Technology|US

AT&T exceeds wireless subscriber estimates on demand for premium plans

AT&T gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks

AT&T exceeds wireless subscriber estimates on demand for premium plans
Business|Economy|Finance|US

Sibanye's Montana woes underscore miners' growing reliance on Washington

U.S. mining projects are growing reliant on Washington's financial support to offset global competition, a reality underscored by Sibanye Stillwater's decision last

Sibanye's Montana woes underscore miners' growing reliance on Washington
Business|Economy|Finance|US

US fuelmakers to report lower Q3 profits on weaker margins, fuel demand

U.S. oil refiners' third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online,

US fuelmakers to report lower Q3 profits on weaker margins, fuel demand
Americas|Business|Economy|Finance

Foreign debt financing by Brazilian issuers surges in 2024

Foreign debt financing by Brazilian issuers is surging again, reaching a three-year high in 2024, as local companies seek to refinance existing obligations

Foreign debt financing by Brazilian issuers surges in 2024
Business|Election|Finance|Stock Markets|US

Wall Street ramps up staffing as election nears, expecting volatile trading

Banks, brokerages, investment managers and exchanges are adding staff to handle high trading volumes on and around Election Day with markets

Wall Street ramps up staffing as election nears, expecting volatile trading
Business|Economy|Election|Finance|Stock Markets|US

Dollar rides rising yields, Canada set to ease

A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to ride higher on the back of an anxious pre-election climb in U.S.

Dollar rides rising yields, Canada set to ease
Business|Economy|Environment|Finance

Global regulators quiz banks amid climate-risk tussle, sources say

Global banking regulators have asked lenders detailed questions about how they manage climate risks, three people familiar with the matter said, in the latest sign

Global regulators quiz banks amid climate-risk tussle, sources say
Business|Finance|Stock Markets|US

UPS seen grappling with hit from cheap deliveries ahead of key holiday season

Wall Street expects United Parcel Service to report a rise in adjusted quarterly profit on Thursday, even as concern mounts over stubbornly soft demand

UPS seen grappling with hit from cheap deliveries ahead of key holiday season
Business|Economy|Finance

Bank of Canada slashes rates, says monetary policy has worked

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four

Bank of Canada slashes rates, says monetary policy has worked
Business|Finance|Stock Markets|US

Wall Street closes down, pressured by tech losses and worries about rates

Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident

Wall Street closes down, pressured by tech losses and worries about rates
Business|Economy|Europe|Finance

Germany's Habeck lays out plan to boost economy through investment

German Economy Minister Robert Habeck laid out plans to remedy weak growth in Europe's largest economy on Wednesday

Germany's Habeck lays out plan to boost economy through investment
Business|Finance|Food|Stock Markets|US

McDonald's US head vows to improve safety after E. coli outbreak, more cases expected

McDonald's scrambled on Wednesday to contain the damage from an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and

McDonald's US head vows to improve safety after E. coli outbreak, more cases expected
Business|Finance|Health

Roche comes out against allowing takeover of drug manufacturer Catalent

The CEO of pharmaceuticals giant Roche said authorities should block the takeover of contract drug manufacturer Catalent by Novo Nordisk's controlling shareholder

Roche comes out against allowing takeover of drug manufacturer Catalent
Asia|Business|Economy|Finance

Vietnam plans capital injection into Vietcombank to support policy goals

Vietnam is planning to inject 20.695 trillion ($815 million) of capital into state-owned commercial lender Vietcombank, the country's biggest bank, to boost its capacity to support

Vietnam plans capital injection into Vietcombank to support policy goals
Africa|Economy|Finance

South African inflation drops sharply, paving way for more rate cuts

South Africa's inflation dropped sharply in September, hitting its lowest level in more than three years and bolstering expectations for another interest rate cut by the

South African inflation drops sharply, paving way for more rate cuts
Asia|Economy|Finance

South Korean finance minister views dollar-won near 1,400 as new normal, Yonhap reports

South Korea's finance minister said the won's current level near 1,400 per dollar should be regarded as a "new normal", the Yonhap news agency reported on Wednesday, although the

South Korean finance minister views dollar-won near 1,400 as new normal, Yonhap reports
Business|Economy|Finance|Stock Markets

L'Oreal shares slide after China dents quarterly sales

L'Oreal's shares on Wednesday extended a deep sell-off after the cosmetics giant reported quarterly sales below expectations, citing reduced beauty products

L'Oreal shares slide after China dents quarterly sales
Business|Economy|Finance

In Argentina's Vaca Muerta shale lands, it's drill, baby, drill!

Argentina's new market-friendly government and fears about oil supply from the Middle East and elsewhere are driving a drilling

In Argentina's Vaca Muerta shale lands, it's drill, baby, drill!
Asia|Business|Finance|Stock Markets

Japan's Nidec posts 10% rise in second-quarter operating profit

Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday, helped by cost cuts, and stuck to its full-year outlook on prospects of growing sales

Japan's Nidec posts 10% rise in second-quarter operating profit
Business|Europe|Finance|Stock Markets

Iberdrola gives upbeat outlook as strategy pays off

The chief of Europe's largest utility Iberdrola gave a bullish outlook for the coming years on Wednesday, pledging to build on a strategy to focus investment on

Iberdrola gives upbeat outlook as strategy pays off
Business|Economy|Finance

Lloyds downplays bank tax fears as profits hold steady

Lloyds Banking Group shrugged off fears of a bank tax hike in the UK budget next week, with CFO William Chalmers saying Britain's biggest mortgage

Lloyds downplays bank tax fears as profits hold steady
Business|Europe|Finance|Health|Stock Markets

Healthcare helps Reckitt beat quarterly sales estimates

Reckitt reported a smaller than expected fall in third-quarter underlying sales on Wednesday, helped by more shoppers buying its health products, which include Nurofen

Healthcare helps Reckitt beat quarterly sales estimates
Europe|Finance|Political|World

Poland leads NATO on defence spend - but can it afford it?

Poland's NATO-leading surge in defence spending is raising budget concerns because it will bake in higher long-term expenditure on its military

Poland leads NATO on defence spend - but can it afford it?
Business|Europe|Finance|Stock Markets

Heineken quarterly revenue slightly ahead of forecasts

Dutch brewer Heineken's third-quarter sales figures beat forecasts on Wednesday, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged.

Heineken quarterly revenue slightly ahead of forecasts
Business|Economy|Finance

Russian industry warns central bank's high rates hurt crucial new investment

A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest

Russian industry warns central bank's high rates hurt crucial new investment
Business|Europe|Finance|Stock Markets|US

Ad group WPP returns to growth in third quarter, boosting shares

British ad group WPP returned to growth with a better-than-expected 0.5% rise in organic revenue in the third quarter, during which it won business from Amazon,

Ad group WPP returns to growth in third quarter, boosting shares
Business|Finance|Health

Roche Q3 sales advance by forex-adj 9%, beating market view

Roche's third-quarter sales gained a currency-adjusted 9%, beating market expectations, on higher prescriptions of once-monthly haemophilia shot Hemlibra and

Roche Q3 sales advance by forex-adj 9%, beating market view
Business|Europe|Finance|Stock Markets

Volvo Cars tops forecast but cuts outlook on market slowdown

Sweden-based Volvo Cars beat third-quarter operating profit expectations on Wednesday but cut its full-year sales growth forecast as an industry slowdown spreads

Volvo Cars tops forecast but cuts outlook on market slowdown
Asia|Business|Economy|Finance

Singapore Sept core inflation at 2.8% y/y

Singapore's key consumer price gauge rose 2.8% in September from a year earlier, higher than economists' forecasts, official data showed on Wednesday.

Singapore Sept core inflation at 2.8% y/y
Business|Europe|Finance|Stock Markets

Deutsche Bank flags credit risks as returns to profit in third quarter

Deutsche Bank has raised its forecast for bad loans against the backdrop of a weak German economy, as the bank returned to

Deutsche Bank flags credit risks as returns to profit in third quarter
Election|Europe|Finance|Stock Markets|US

Election and Fed jitters grip markets

A look at the day ahead in European and global markets from Ankur Banerjee  The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of the Federal

Election and Fed jitters grip markets
Asia|Economy|Election|Finance|Stock Markets|US

Stock market today: Wall Street slumps to a rare 3-day losing streak

U.S. stocks fell as more steam came out of Wall Street’s huge, record-breaking rally

Stock market today: Wall Street slumps to a rare 3-day losing streak
Asia|Business|Economy|Finance

India to retain investment curbs on border nations

India will retain curbs on investment from nations with which it shares a land border, the finance minister said days after the South Asian country struck a pact with China on

India to retain investment curbs on border nations
Business|Economy|Europe|Finance

ECB starting to debate if rates have to go below neutral, sources say

European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic

ECB starting to debate if rates have to go below neutral, sources say
Asia|Business|Economy|Finance|Stock Markets

China think tank proposes $280 billion stock market stabilisation fund

A Chinese policy think tank has called for Beijing to issue 2 trillion yuan ($280 billion) of special treasury bonds to set up a stock market stabilisation fund, the 21st Century

China think tank proposes $280 billion stock market stabilisation fund
Americas|Asia|Business|Finance|Technology

Clothing retailer Shein launches credit card with Mexican fintech Stori

Chinese fast-fashion giant Shein is launching its first branded credit card worldwide through a partnership with Mexican fintech Stori, the firms said on Tuesday

Clothing retailer Shein launches credit card with Mexican fintech Stori
Asia|Business|Economy|Finance|Stock Markets

Stocks fall, gold retreats from record peak amid US election worries

Global stocks edged lower on Wednesday amid tepid trading ahead of the U.S. election, while gold prices retreated from record highs,

Stocks fall, gold retreats from record peak amid US election worries
Economy|Finance|US

Dollar continues rally, hits 3-month high vs yen

The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among

Dollar continues rally, hits 3-month high vs yen
Asia|Australia|Business|Finance|Stock Markets

Australia's Qantas hits record high as Jefferies lifts price target

Shares of Qantas Airways hit an all-time high on Wednesday after Jefferies analysts hiked their price target on Australia's flag carrier, on the back of

Australia's Qantas hits record high as Jefferies lifts price target
Business|Finance

Arm Holdings to cancel Qualcomm chip design license, source says

Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design chips, a person familiar with the matter said, amid an ongoing

Arm Holdings to cancel Qualcomm chip design license, source says
Business|Economy|Finance|US

Oil slips 1% on large build in US crude stocks; market watches Middle East

Oil prices fell on Wednesday after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about

Oil slips 1% on large build in US crude stocks; market watches Middle East
Business|Finance|US

Frontier, Spirit Airlines revive merger talks, WSJ reports

Frontier Airlines is exploring a renewed bid for Spirit Airlines, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Frontier, Spirit Airlines revive merger talks, WSJ reports
Asia|Business|Finance|Stock Markets

Tokyo Metro on market fast track with 45% jump in debut

Tokyo Metro's shares shot up 45% in their market debut on Wednesday after Japan's largest initial public offering in six years bagged it $2.3 billion with the lure of

Tokyo Metro on market fast track with 45% jump in debut
Business|Election|Finance|US

Trump says he'll make interest on car loans tax deductible if domestically built

Republican presidential candidate Donald Trump said on Tuesday he would make interest on car loans fully tax deductible for cars

Trump says he'll make interest on car loans tax deductible if domestically built
Business|Finance

Brazil's Carrefour sells off 15 Atacadao sites for $127 million

Food retailer Carrefour Brasil has agreed to sell 15 properties to a real estate fund for 725 million reais ($127.4 million), it said on Tuesday.

Brazil's Carrefour sells off 15 Atacadao sites for $127 million
Business|Economy|Finance|Stock Markets

Goldman sees oil prices holding around $76/bbl in 2025 on ample supply

Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare capacity among major producers, with concerns easing over a potential

Goldman sees oil prices holding around $76/bbl in 2025 on ample supply
Business|Economy|Europe|Finance

UK pay growth steadies, employers see further slowing in 2025

Growth in pay awards by British employers stagnated during the three months to September and firms expect average wage rises to cool over the coming 12 months, according to a survey

UK pay growth steadies, employers see further slowing in 2025
Business|Finance|US

US banking industry files legal challenge against new 'open banking' rules

A pair of U.S. banking trade groups filed a lawsuit on Tuesday challenging new rules issued by the Consumer Financial Protection Bureau that would make it easier for consumers

US banking industry files legal challenge against new 'open banking' rules
Asia|Business|Economy|Finance|Stock Markets

U.S. yield spike spooks investors

A look at the day ahead in Asian markets. 

U.S. yield spike spooks investors
Business|Finance

Corvex founder Meister sees big upside for stocks already targeted by others

Activist investor Keith Meister is not embarrassed about lagging behind other corporate agitators, saying his rivals' work has led him to buy companies such

Corvex founder Meister sees big upside for stocks already targeted by others
Business|Finance|Technology|US

Baker Hughes tops profit estimates on international drilling demand

Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.

Baker Hughes tops profit estimates on international drilling demand
Business|Economy|Finance

Denny's says it expects to close 150 locations by the end of 2025

Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales

Denny's says it expects to close 150 locations by the end of 2025
Americas|Economy|Finance

World Bank to loan Argentina over $2 billion for social support

The World Bank is prepared to provide Argentina with more than $2 billion in new loans destined for social security, education, transport, energy and battling poverty, the

World Bank to loan Argentina over $2 billion for social support
Business|Finance|Stock Markets|Technology|US

Meta Platforms defeats shareholder lawsuit over child safety claims

Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta's proxy statement about their ability to

Meta Platforms defeats shareholder lawsuit over child safety claims
Business|Finance|Technology|US

TI profit beats points to China automotive chip rebound as industrial weakness persists

Texas Instruments beat third-quarter profit estimates on Tuesday, helped by a recovery in orders for its analog chips across segments and improving demand from China's

TI profit beats points to China automotive chip rebound as industrial weakness persists
Asia|Crime|Finance|Stock Markets

Tokyo exchange employee under probe for alleged insider trading, JPX says

A Tokyo Stock Exchange employee is under investigation by the country's financial watchdog for suspected insider trading, its parent company Japan Exchange Group (JPX)

Tokyo exchange employee under probe for alleged insider trading, JPX says
Arts|Business|Celebrity|Entertainment|Finance|Lifestyle|Opinion|US

World Series: How to watch Dodgers-Yankees, betting odds, ticket prices and more

Sometimes, it really does help to have all that money

World Series: How to watch Dodgers-Yankees, betting odds, ticket prices and more
Americas|Economy|Finance|World

Peru to scrutinize Venezuelan remittances amid crime concerns

Peru's government will monitor money transfers sent abroad from Venezuelans living in Peru, President Dina Boluarte announced on Tuesday, describing the measure as a response to

Peru to scrutinize Venezuelan remittances amid crime concerns
Business|Economy|Finance

Denny’s is closing 150 restaurants

Denny’s is closing 150 restaurants

Denny’s is closing 150 restaurants
Business|Finance|US

US allocates $196 million for natural gas pipeline modernization

The U.S. government will award grants totaling $196 million for the repair and replacement of aging natural gas pipelines across 20 states, the Department of Transportation's Pipeline and

US allocates $196 million for natural gas pipeline modernization
Business|Finance|Technology

Shein's revenue growth slows in first half amid IPO plans, The Information reports

Online retailer Shein's revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as

Shein's revenue growth slows in first half amid IPO plans, The Information reports
Americas|Business|Economy|Finance

Mining giant Grupo Mexico's profit jump on copper prices, production

Mining and transport conglomerate Grupo Mexico on Tuesday reported a 17.55% increase in its net profit during the third quarter, boosted by copper

Mining giant Grupo Mexico's profit jump on copper prices, production
Finance|US

More US firms lean on retired, veteran leaders to steady ship in choppy economy

CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an

More US firms lean on retired, veteran leaders to steady ship in choppy economy
Business|Finance|US

Goldman Sachs faces US CFPB fine over credit card business, WSJ reports

Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S.

Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Finance|Stock Markets|US

Shares of Trump's media company soar as betting odds favor White House win

Shares of former U.S.

Shares of Trump's media company soar as betting odds favor White House win
Business|Economy|Finance|US

Cities with the most expensive homes in the Merced metro area

Stacker compiled a list of cities with the most expensive homes in the Merced metro area using data from Zillow.

Cities with the most expensive homes in the Merced metro area
Business|Finance|US

Cities with the most expensive homes in the Modesto metro area

Stacker compiled a list of cities with the most expensive homes in the Modesto metro area using data from Zillow.

Cities with the most expensive homes in the Modesto metro area
Business|Finance

Cities with the most expensive homes in the Oxnard metro area

Stacker compiled a list of cities with the most expensive homes in the Oxnard metro area using data from Zillow.

Cities with the most expensive homes in the Oxnard metro area
Business|Finance

Cities with the most expensive homes in the El Centro metro area

Stacker compiled a list of cities with the most expensive homes in the El Centro metro area using data from Zillow.

Cities with the most expensive homes in the El Centro metro area
Business|Economy|Finance|US

Cities with the most expensive homes in the Stockton metro area

Stacker compiled a list of cities with the most expensive homes in the Stockton metro area using data from Zillow.

Cities with the most expensive homes in the Stockton metro area
Business|Economy|Finance|Lifestyle|US

Cities with the most expensive homes in the Santa Rosa metro area

Stacker compiled a list of cities with the most expensive homes in the Santa Rosa metro area using data from Zillow.

Cities with the most expensive homes in the Santa Rosa metro area
Business|Finance|Health

Citigroup promotes three bankers in healthcare M&A push

Citigroup has promoted three senior healthcare investment bankers - Sumit Khedekar, Nishant Jadav and Michael Guarino - in the bank's push to win

Citigroup promotes three bankers in healthcare M&A push
Business|Finance

Five9 faces pressure from activist Legion on costs, board seat, sources say

Legion Partners has built a stake in Five9 and is pushing for a board seat and cost cuts, two sources familiar with the matter said on Tuesday, making it

Five9 faces pressure from activist Legion on costs, board seat, sources say
Business|Economy|Finance|US

Tupperware cancels auction, agrees to lender takeover

Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling

Tupperware cancels auction, agrees to lender takeover
Business|Economy|Finance

French farmers to resume nationwide protests next month

France's main farmers' union said on Tuesday it would stage nationwide protests next month as a push to conclude a trade deal between the European Union and Mercosur countries

French farmers to resume nationwide protests next month
Business|Europe|Finance|Stock Markets

L'Oreal third quarter sales disappoint as China spends less on beauty

French cosmetics giant L'Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for

L'Oreal third quarter sales disappoint as China spends less on beauty
Economy|Europe|Finance

US, Europe matching rate paths must diverge: McGeever

U.S. and European interest rates have followed parallel paths this year, even as the regions' economic and inflationary outlooks have veered in different

US, Europe matching rate paths must diverge: McGeever
Business|Election|Finance|Political|US

JPMorgan chief Dimon would consider a role in Harris administration, NYT reports

JPMorgan Chase CEO Jamie Dimon would consider a government role, perhaps that of the Treasury Secretary, if Democratic Vice President Kamala Harris wins the U.S. presidential election, the

JPMorgan chief Dimon would consider a role in Harris administration, NYT reports
Economy|Finance|US

Yellen: Haven't yet seen a China policy to fix its low consumer spending

U.S. Treasury Secretary Janet Yellen on Tuesday said she has not yet seen policies announced by China that would address its low level of consumer spending as a share of its economy.

Yellen: Haven't yet seen a China policy to fix its low consumer spending
Business|Finance|Stock Markets

HSBC's Pam Kaur smashes glass ceiling in major overhaul

HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of Chi".

HSBC's Pam Kaur smashes glass ceiling in major overhaul
Business|Finance|Stock Markets|US

Impactive Capital bets on SLM and Basic Fit for long-term gains

Impactive Capital doesn't push companies to sell but wants them to do better on their own, co-founder Lauren Taylor Wolfe said on Tuesday, citing student

Impactive Capital bets on SLM and Basic Fit for long-term gains
Economy|Environment|Finance

NYC comptroller Lander to end private market fossil fuel investments

New York City Comptroller Brad Lander on Tuesday outlined plans to end certain pension funds' future private market investments in fossil fuel infrastructure over climate

NYC comptroller Lander to end private market fossil fuel investments
Americas|Business|Economy|Finance|Stock Markets|US

Dam disaster deal should curb lawsuits against Vale and BHP, sources say

An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in

Dam disaster deal should curb lawsuits against Vale and BHP, sources say
Economy|Europe|Finance

Italian growth to be weaker than government targets, IMF and business lobby say

Italy's economic growth this year and next will be weaker than the government's targets of 1% and 1.2% respectively, the International Monetary Fund (IMF) and the country's main

Italian growth to be weaker than government targets, IMF and business lobby say
Business|Finance

JM Smucker to divest cookie brand Voortman in $305 million deal

J.M. Smucker said on Tuesday it would sell its cookie brand, Voortman, to U.S.-based premium snacks maker Second Name Brands in a $305 million all-cash deal.

JM Smucker to divest cookie brand Voortman in $305 million deal
Americas|Business|Finance|US

Reuters Events: Ram brand CEO says Mexico truck plant expansion is 'relief valve'

Stellantis is expanding its truck plant in Mexico as a "relief valve" for a U.S. truck factory expected to reach capacity in the future, Chrysler and Ram brand CEO

Reuters Events: Ram brand CEO says Mexico truck plant expansion is 'relief valve'
Economy|Finance|US

Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns

Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years
Business|Finance|Technology|US

Logitech CEO says global consumer confidence holding up

Logitech International expects consumer confidence to remain robust as the computer keyboard and mouse-maker heads into its pre-Christmas quarter, Chief Executive Hanneke Faber said

Logitech CEO says global consumer confidence holding up
Business|Finance

Real estate crowdfunding in Canada

Money.ca explains the benefits of real estate crowdfunding for Canadians looking to invest in high-value properties.

Real estate crowdfunding in Canada
Asia|Economy|Finance

Bangladesh announces policy rate rise to combat inflation

Bangladesh’s central bank said on Tuesday it would raise its key interest rate by half a percentage point, its fourth hike this year as it battles stubbornly high

Bangladesh announces policy rate rise to combat inflation
Economy|Europe|Finance

ECB's rate cut direction clear, pace up for debate, Lagarde says

Euro zone inflation is easing and may fall back to 2% quicker than previously thought, supporting the case for further European Central Bank rate cuts, ECB President Christine

ECB's rate cut direction clear, pace up for debate, Lagarde says
Business|Economy|Finance

Global markets may be underestimating geopolitical risks, IMF says

Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by

Global markets may be underestimating geopolitical risks, IMF says
Business|Finance|Technology

Amazon sets ultra-low pricing plans for Temu rival store, The Information reports

Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, the Information

Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
Business|Finance|Technology

BlackRock taps into AI frenzy with two new ETFs

Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to the booming market for artificial intelligence.

BlackRock taps into AI frenzy with two new ETFs
Business|Finance

Starboard Value CEO says Pfizer's board should hold management accountable

Activist hedge fund Starboard Value's chief executive officer said on Tuesday that drugmaker Pfizer's board needs to hold management

Starboard Value CEO says Pfizer's board should hold management accountable
Business|Economy|Finance

Global battle against inflation ‘largely won’

Global battle against inflation ‘largely won’

Global battle against inflation ‘largely won’
Economy|Europe|Finance|Stock Markets

ECB's Knot: falling interest rates should ease debt burdens

Falling interest rates should ease the pressures created by high government borrowing levels, Dutch European Central Bank governing council member Klaas Knot said Tuesday.

ECB's Knot: falling interest rates should ease debt burdens
Business|Finance|US

Norfolk Southern posts upbeat quarterly results on improving rail service, volumes

U.S. railroad operator Norfolk Southern reported third-quarter profit and revenue above Wall Street estimates on Tuesday, helped by strength in its merchandise and intermodal segments.

Norfolk Southern posts upbeat quarterly results on improving rail service, volumes
Economy|Finance

ECB's Centeno sees risk of undershooting inflation goal, wants gradual, steady rate cuts

Inflation in the euro zone has slowed to converge with the European Central Bank's 2% target and the risk now is undershooting the goal, ECB policymaker Mario Centeno told an event

ECB's Centeno sees risk of undershooting inflation goal, wants gradual, steady rate cuts
Business|Economy|Europe|Finance

ECB needs clearer communication - but not dot plots, Nagel says

The European Central Bank needs to improve how it communicates policy intentions and uncertainty, but copying the U.S.

ECB needs clearer communication - but not dot plots, Nagel says
Economy|Finance|MidEast

IMF lowers Saudi Arabia's 2024 growth forecast to 1.5%

The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World

IMF lowers Saudi Arabia's 2024 growth forecast to 1.5%
Economy|Finance

IMF cuts Japan's growth forecast, projects rebound in 2025

The International Monetary Fund (IMF) on Tuesday cut this year's economic growth forecast for Japan, but projected a rebound in 2025 on the view rising real wages

IMF cuts Japan's growth forecast, projects rebound in 2025
Americas|Economy|Finance

IMF raises Latin American growth forecast for 2024

GDP in Latin America and the Caribbean is set to grow 2.1% this year, three-tenths of a percentage point more than projected in July, the International Monetary Fund said on

IMF raises Latin American growth forecast for 2024
Economy|Europe|Finance

IMF cuts forecasts for German economy this year and next

The German economy is expected to stagnate this year, the International Monetary Fund said on Tuesday, cutting its forecast for Europe's biggest economy, while

IMF cuts forecasts for German economy this year and next
Economy|Finance

Shift to electric vehicles will have far-reaching impact, IMF says

The global transition toward electric vehicles will have "far-reaching" impacts on investment, production, international trade and employment, the International Monetary Fund said on

Shift to electric vehicles will have far-reaching impact, IMF says
Business|Economy|Finance|World

IMF raises UK growth forecast, warns on debt as finance minister readies budget

The International Monetary Fund on Tuesday raised its forecast for British economic growth this year but said the country could not take its eye off rising

IMF raises UK growth forecast, warns on debt as finance minister readies budget
Economy|Finance|US|World

US remains engine of global growth in latest IMF forecasts

The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that

US remains engine of global growth in latest IMF forecasts
Business|Economy|Europe|Finance|US

IMF's view: The global fight against high inflation is 'almost won'

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared

IMF's view: The global fight against high inflation is 'almost won'
Business|Finance|Stock Markets

Starboard says Kenvue's skin health segment weighing on performance

Hedge fund Starboard Value called consumer products company Kenvue a bargain and said its skin health and beauty segment's lackluster growth is the reason for the

Starboard says Kenvue's skin health segment weighing on performance
Business|Economy|Finance|Stock Markets

Philip Morris shares soar on strong third quarter

Philip Morris International's (PMI) shares hit record highs on Tuesday after the cigarette maker raised its annual profit forecast and beat third-quarter estimates thanks to higher

Philip Morris shares soar on strong third quarter
Business|Finance|Stock Markets|US

Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand

Industrial paintmaker Sherwin-Williams missed third-quarter profit estimates on Tuesday, hurt by lower sales in its segments that cater to the housing, automotive and

Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand
Americas|Business|Economy|Finance

Argentina's beleaguered economy set to rebound in 2025: Reuters poll

Argentina's beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with

Argentina's beleaguered economy set to rebound in 2025: Reuters poll
Business|Finance

Carlyle quits bidding process for Thyssenkrupp marine arm

Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on

Carlyle quits bidding process for Thyssenkrupp marine arm
Business|Finance|Stock Markets

Moody's raises full-year profit forecast above estimates on strong product demand

Ratings agency Moody's raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31% rise in third-quarter earnings on Tuesday, on strong demand for its

Moody's raises full-year profit forecast above estimates on strong product demand
Business|Economy|Finance|Stock Markets|US

Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates

Freeport-McMoRan said on Tuesday that demand for copper is expected to increase with more data centers being built, and the miner reported a better-than-expected quarterly

Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates
Business|Economy|Finance|US

GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands

GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands

GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
Business|Economy|Finance|Stock Markets|US

PulteGroup beats profit estimates as lower mortgage rates boost housing demand

U.S. homebuilder PulteGroup beat Wall

PulteGroup beats profit estimates as lower mortgage rates boost housing demand
Business|Economy|Finance|Stock Markets|World

Bank of Israel voted 5-0 to hold rates at October decision, minutes show

All five members of the Bank of Israel's monetary policy committee voted on Oct. 9 to leave the benchmark interest rate unchanged at 4.5%, minutes of the discussion showed on

Bank of Israel voted 5-0 to hold rates at October decision, minutes show
Asia|Business|Economy|Finance

Brokerages raise China GDP growth estimates for 2024

China's economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a

Brokerages raise China GDP growth estimates for 2024
Economy|Election|Finance|US

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

Treasury Secretary Janet Yellen says the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders
Business|Finance|Stock Markets

RTX boosts 2024 forecast again on demand for aircraft repairs, defense systems

RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for the second time, citing strong demand for aircraft repairs and defense systems, and

RTX boosts 2024 forecast again on demand for aircraft repairs, defense systems
Business|Finance|Stock Markets|US

Kimberly-Clark trims sales forecast as consumers shift to cheaper options

Kleenex tissue maker Kimberly-Clark on Tuesday cut its annual organic net sales forecast after missing Wall Street estimates for third-quarter sales, as consumers

Kimberly-Clark trims sales forecast as consumers shift to cheaper options
Business|Finance|Stock Markets|US

3M raises annual profit forecast, explores sale of small businesses

3M Co raised its full-year profit forecast on Tuesday after strong demand for roofing material, industrial adhesives and electronics equipment helped the U.S. manufacturing

3M raises annual profit forecast, explores sale of small businesses
Business|Economy|Finance|Stock Markets|US

GM's shares post biggest percentage gain in over 4 years as company reports $3 billion profit in 3Q

Shares of General Motors surged nearly 10% Tuesday after the automaker posted a $3 billion third-quarter profit that was slightly less than a year ago

GM's shares post biggest percentage gain in over 4 years as company reports $3 billion profit in 3Q
Business|Finance|Stock Markets|US

GM tops estimates on 'remarkably' resilient consumer, shares surge

General Motors surpassed Wall Street's expectations in the third quarter, sending its shares up 8% on Tuesday thanks to a resilient consumer demand

GM tops estimates on 'remarkably' resilient consumer, shares surge
Business|Economy|Finance|Technology

GE Aerospace's struggle with supply constraints hits jet engine deliveries

GE Aerospace said on Tuesday it was still wrestling with supply-chain constraints that have led to a decline in jet engine deliveries and are weighing

GE Aerospace's struggle with supply constraints hits jet engine deliveries
Business|Economy|Finance

Bonds bowl over the pins, IMF forecasts due

A look at the day ahead in U.S. and global markets from Mike Dolan U.S.

Bonds bowl over the pins, IMF forecasts due
Business|Economy|Finance|Stock Markets|US

Wall St closes little changed while investors digest yields, earnings

U.S. stocks ended little changed on Tuesday, but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries

Wall St closes little changed while investors digest yields, earnings
Asia|Business|Economy|Finance

China's Singles' Day sales festival fails to inspire consumers

China's largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are

China's Singles' Day sales festival fails to inspire consumers
Business|Europe|Finance|Stock Markets

European shares sag, SAP boosts tech stocks after forecast raise

European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company

European shares sag, SAP boosts tech stocks after forecast raise
Business|Economy|Finance|US

'Open banking' rules for consumer data unveiled by US watchdog

The top U.S. consumer finance watchdog on Tuesday unveiled long-awaited rules that would make it easier for consumers to switch between financial services providers, a

'Open banking' rules for consumer data unveiled by US watchdog
Asia|Economy|Finance

Thai Finance Minister says growth may not reach 3% in 2024, but will in 2025

BANGKOK - Thailand's economic growth may not reach 3% this year but should come in above that level next year as the government will accelerate investment, the finance minister said on Tuesday.

Thai Finance Minister says growth may not reach 3% in 2024, but will in 2025
Business|Finance|Stock Markets

Gulf bourses end lower on geopolitical tensions

Stock markets in the Gulf ended lower on Tuesday as geopolitical tension gripped the region and corporate earnings failed to lift investor sentiment.

Gulf bourses end lower on geopolitical tensions
Europe|Finance|Stock Markets|US

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts

Goldman Sachs said on Tuesday the euro could fall as much as 10% - implying a drop below $1 from current levels - in a scenario in which Donald Trump imposes

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts
Business|Finance|Technology|US

ASML expects growth in 2026, US-China row to continue, CEO says

The CEO of leading computer chip equipment maker ASML said on Tuesday he expects that 2026 will be a growth year for the company and that the U.S. government will continue to push

ASML expects growth in 2026, US-China row to continue, CEO says
Economy|Finance

South African rand supported by carry trade and precious metals

The South African rand was stronger on Tuesday, buoyed by global precious metals prices and its appeal for carry trades.

South African rand supported by carry trade and precious metals
Economy|Europe|Finance

No signs that euro zone inflation will deviate from current projections, ECB's Escriva says

There are not yet enough indications that the euro zone's inflation could drift further down or up to change the European Central Bank's central scenario for further rate cuts, ECB

No signs that euro zone inflation will deviate from current projections, ECB's Escriva says
Business|Economy|Finance|Stock Markets|Technology|US

Shares in VW's truck unit Traton jump after Q3 beat

Shares in Traton rose on Tuesday after Volkswagen's truck unit reported third-quarter results above expectations driven by robust sales in its US brand International and Swedish

Shares in VW's truck unit Traton jump after Q3 beat
Business|Economy|Finance

Boosting macro fundamentals best defence vs global risks, India cbank deputy says

Fortifying India's macroeconomic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country's central bank said in New York on Monday.

Boosting macro fundamentals best defence vs global risks, India cbank deputy says
Business|Europe|Finance|Stock Markets

Mulberry rejects Frasers' takeover proposal as 'untenable'

British luxury brand Mulberry on Tuesday rejected a second takeover proposal from Mike Ashley's Frasers Group, calling it "untenable".

Mulberry rejects Frasers' takeover proposal as 'untenable'
Business|Economy|Europe|Finance|Stock Markets|Travel|US

Weak China demand puts brakes on Holiday Inn owner IHG in third quarter

Holiday Inn owner InterContinental Hotels Group reported a sharp slowdown in room revenue growth in the third quarter as weak demand in China and a subdued U.S. market overshadowed a solid

Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
Economy|Finance

UK borrowing overshoot highlights budget pressure on Reeves

British public borrowing in the first six months of the tax year came in higher than official forecasts, according to data that underscored the challenge facing

UK borrowing overshoot highlights budget pressure on Reeves
Business|Europe|Finance|Stock Markets|Technology

SAP shares hit all-time high after upbeat cloud business outlook

Shares in SAP were up 5% at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets

SAP shares hit all-time high after upbeat cloud business outlook
Asia|Australia|Business|Economy|Finance|Stock Markets

Westpac flags $82 million hit to FY24 net profit from notable items

Westpac Banking Corp, Australia's third-largest lender by market value, said on Tuesday its 2024 net profit would take a A$123 million ($82.26 million) hit due to impacts from certain

Westpac flags $82 million hit to FY24 net profit from notable items
Business|Economy|Europe|Finance|Stock Markets

Saab profit rises, sees sales growth at upper end of forecast range

Swedish defence material maker Saab on Tuesday reported a slightly bigger-than-expected rise in third-quarter operating earnings and affirmed its outlook for

Saab profit rises, sees sales growth at upper end of forecast range
Business|Economy|Finance

Randstad quarterly profit beats market forecasts

Randstad, the world's largest employment agency, on Tuesday reported quarterly profit slightly above expectations as trading conditions stabilized despite a

Randstad quarterly profit beats market forecasts
Business|Finance|Stock Markets|Technology

Investors flee thematic ETFs as stock benchmarks soar

Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market

Investors flee thematic ETFs as stock benchmarks soar
Business|Economy|Europe|Finance

Big UK property sales to test market appetite after slump

Britain's commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices.

Big UK property sales to test market appetite after slump
Asia|Business|Finance|Stock Markets

Stock market today: Wall Street barely budges as GM’s best day in years offsets GE Aerospace tumble

U.S. stock indexes barely budged after a quiet day of mixed trading

Stock market today: Wall Street barely budges as GM’s best day in years offsets GE Aerospace tumble
Election|Europe|Finance|Stock Markets|US

Bonds and gold begin countdown to US Election Day

A look at the day ahead in European and global markets from Tom Westbrook Markets are facing a bumpy ride in the final stretch to the U.S. elections, with bonds turning volatile and gold signalling at

Bonds and gold begin countdown to US Election Day
Asia|Business|Economy|Finance|Stock Markets

Hyundai Motor India drops 7% on debut after country's biggest IPO

Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's

Hyundai Motor India drops 7% on debut after country's biggest IPO
Election|Finance|MidEast|US

Gold scales record peak as US election jitters ignite safe-haven rush

Gold hit an all-time peak on Tuesday as a mixture of factors including safe-haven demand spurred by U.S. election uncertainties and the Middle

Gold scales record peak as US election jitters ignite safe-haven rush
Business|Finance

HSBC splits East and West in major revamp and appoints first female finance chief

HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO

HSBC splits East and West in major revamp and appoints first female finance chief
Asia|Election|Finance

Japan's general election outcome could muddle BOJ plans

The risk of Japan ending up with a minority coalition government after the upcoming general election is raising concerns that the central bank could face

Japan's general election outcome could muddle BOJ plans
Business|Economy|Europe|Finance|MidEast|World

Qatar's emir heads to Berlin for talks aimed at boosting economic ties

German Chancellor Olaf Scholz will host Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, at a baroque palace just north of Berlin on Tuesday for talks aimed at

Qatar's emir heads to Berlin for talks aimed at boosting economic ties
Economy|Finance|Stock Markets

Shares fall, US yields rise amid election and rate cut jitters

Global stocks dropped for the second straight session while U.S. yields rose on Tuesday amid market uncertainty ahead of the U.S. election as well as the outlook

Shares fall, US yields rise amid election and rate cut jitters
Economy|Finance|Stock Markets|US

Dollar hits to 2-1/2-month peak as US rates, election eyed

The U.S. dollar rose to a fresh 2-1/2-month high on Tuesday, continuing its recent ascent on expectations the Federal Reserve will temper its interest rate

Dollar hits to 2-1/2-month peak as US rates, election eyed
Business|Economy|Finance|MidEast|US

Oil settles up 2% as Middle East war rages and supplies tighten

Oil prices settled higher for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on signs of improving

Oil settles up 2% as Middle East war rages and supplies tighten
Business|Finance|Stock Markets|Technology|US

Logitech raises full-year outlook as sales and profit expectations climb

Logitech International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday.

Logitech raises full-year outlook as sales and profit expectations climb
Economy|Finance|Stock Markets|US

Elliott defends Citgo offer in the face of creditors' objections

Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "

Elliott defends Citgo offer in the face of creditors' objections
Business|Finance

Fuji Soft's top shareholder confirms support for KKR takeover bid

Fuji Soft's top shareholder on Tuesday confirmed its support for KKR's bid for the Japanese software developer at the centre of a $4 billion

Fuji Soft's top shareholder confirms support for KKR takeover bid
Business|Economy|Finance|Stock Markets|US

Fed needs to continue to cut rates, Daly says

San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely"

Fed needs to continue to cut rates, Daly says
Economy|Europe|Finance|US|World

Britain to pay $2.9 billion into G7 loan for Ukraine to buy weapons

Britain will lend Ukraine 2.26 billion pounds ($2.94 billion) as part of a much larger planned loan from the Group of Seven nations backed by frozen Russian

Britain to pay $2.9 billion into G7 loan for Ukraine to buy weapons
Business|Finance

Norfolk Southern tops third-quarter expectations with a boost from insurance and rail sales

Norfolk Southern railroad’s streamlined operations delivered strong earnings last quarter, even excluding boosts from insurance payouts related to the disastrous derailment in East Palestine and the sale of two rail lines

Norfolk Southern tops third-quarter expectations with a boost from insurance and rail sales
Business|Economy|Finance|MidEast

Palestinians met requirements for Israel to extend banking waiver, source says

Israel's requirements for the indemnification needed to allow Israeli banks to continue conducting transactions with Palestinian banks have been met by the Palestinian

Palestinians met requirements for Israel to extend banking waiver, source says
Business|Finance|Stock Markets|US

Steelmaker Nucor's third-quarter profit dented by impairment charges

Nucor reported a nearly 78% slump in third-quarter profit on Monday as the company recorded impairment charges related to its steel products and raw materials businesses, sending its

Steelmaker Nucor's third-quarter profit dented by impairment charges
Asia|Business|Economy|Finance

Yen-Nikkei link intensifies as US yields, dollar spike

A look at the day ahead in Asian markets. 

Yen-Nikkei link intensifies as US yields, dollar spike
Business|Finance|Stock Markets|US

Activist investor urges Cheesecake Factory to explore a potential split, WSJ reports

Houston-based activist investor JCP Investment Management is urging Cheesecake Factory to explore the possibility of creating a separate public company by spinning off three of its smaller

Activist investor urges Cheesecake Factory to explore a potential split, WSJ reports
Economy|Finance|US

IMF chief says higher prices are here to stay

Higher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Fund's managing director,

IMF chief says higher prices are here to stay
Business|Finance|Stock Markets|US

Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce

Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF

Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
Economy|Finance|US

Rising rents are pushing Americans out of cities. Here's why it's causing the 'donut effect.'

Section 8 Housing analyzed academic research and data from Zillow to see where home prices were going up the most.

Rising rents are pushing Americans out of cities. Here's why it's causing the 'donut effect.'
Business|Economy|Finance|US

Fed's Schmid wants cautious, gradual, deliberate rate cuts

Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a "cautious and deliberate" approach to interest rate cuts now that inflation is heading back to the

Fed's Schmid wants cautious, gradual, deliberate rate cuts
Business|Economy|Finance|US

More Americans are missing mortgage payments, though still fewer than pre-pandemic

Netspend analyzed Federal Reserve Bank of New York data on home mortgages to show how Americans are increasingly falling behind on payments.

More Americans are missing mortgage payments, though still fewer than pre-pandemic
Americas|Business|Economy|Finance

Colombian conglomerates Argos, SURA begin to study possible ownership split

Shareholders of Grupo Argos and Grupo SURA, two of Colombia's largest conglomerates, on Monday gave their boards the green light to begin studying alternative

Colombian conglomerates Argos, SURA begin to study possible ownership split
Business|Economy|Finance|US

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Finance|US

Most common first names of presidential campaign donors (and whom they're supporting)

Spokeo examined data from the Federal Election Commission to find the most common first names of presidential campaign donors and whom they support.

Most common first names of presidential campaign donors (and whom they're supporting)
Economy|Finance|US|World

Zelenskiy says US preparing aid package to finance production of Ukrainian drones

Ukrainian President Volodymyr Zelenskiy said on Monday the United States was preparing an aid package worth $800 million to finance production of Ukrainian drones.

Zelenskiy says US preparing aid package to finance production of Ukrainian drones
Election|Finance|US

Mystery overseas account increases its Trump bids on Polymarket betting site

One of the four accounts on Polymarket that have fueled speculation over their large bets on a Trump election victory has taken even bigger wagers, increasing

Mystery overseas account increases its Trump bids on Polymarket betting site
Business|Economy|Finance|US

Four Fed policymakers favor more rate cuts, but differ on pace

Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.

Four Fed policymakers favor more rate cuts, but differ on pace
Business|Celebrity|Entertainment|Finance|Technology|World

Rupert Murdoch’s news outlets sue Perplexity AI for allegedly engaging in ‘massive freeriding’

Rupert Murdoch’s news outlets sue Perplexity AI for allegedly engaging in ‘massive freeriding’

Rupert Murdoch’s news outlets sue Perplexity AI for allegedly engaging in ‘massive freeriding’
Economy|Finance|MidEast|World

What is the Hezbollah-linked financial institution Israel is targeting in Lebanon?

The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund the militant group’s military wing

What is the Hezbollah-linked financial institution Israel is targeting in Lebanon?

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