Today: November 21, 2024
Today: November 21, 2024

Finance

Asia|Economy|Finance

Sri Lanka expects IMF staff level agreement on Friday to release further bailout funds

Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on Friday, President Anura Kumara

Sri Lanka expects IMF staff level agreement on Friday to release further bailout funds
Economy|Finance

Higher UK borrowing shows scale of task facing Reeves

Britain borrowed more than expected in October, according to official data that showed the challenge facing finance minister Rachel Reeves who says she will fix

Higher UK borrowing shows scale of task facing Reeves
Business|Economy|Finance|Stock Markets|US

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon

By Krishna N.

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon
Business|Economy|Finance|US

Fed's Williams sees inflation cooling and interest rates falling further, Barron's reports

Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron's in an interview published on Thursday.

Fed's Williams sees inflation cooling and interest rates falling further, Barron's reports
Asia|Business|Economy|Finance|Stock Markets|US

US hedge funds pile into China's JD.com, GDS: Goldman

U.S. hedge funds raised their investments in U.S.-listed Chinese firms in the third quarter, with e-commerce retailer JD.com and data centre operator GDS Holdings

US hedge funds pile into China's JD.com, GDS: Goldman
Business|Economy|Europe|Finance|Stock Markets

VW union demands 'big step' from management as strikes loom

Volkswagen's union called on management to take a "big step" in a third round of negotiations over pay and factory closures on Thursday, with

VW union demands 'big step' from management as strikes loom
Economy|Europe|Finance|US

ECB policymaker says Trump tariff hikes won't shift Europe's inflation outlook

Tariff hikes under the new Trump administration do not shift the inflation outlook in Europe, ECB policymaker Francois Villeroy de Galhau said on Thursday, urging the

ECB policymaker says Trump tariff hikes won't shift Europe's inflation outlook
Business|Europe|Finance|Stock Markets|Technology

Nvidia disappoints, bitcoin nears $100K

A look at the day ahead in European and global markets from Ankur Banerjee The prospect of slowing sales growth at AI juggernaut Nvidia and simmering worries over geopolitical tensions are keeping

Nvidia disappoints, bitcoin nears $100K
Economy|Environment|Finance|World

At UN climate talks, nations blast draft of vague deal on climate cash for developing countries

A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay

At UN climate talks, nations blast draft of vague deal on climate cash for developing countries
Business|Economy|Finance

BOJ's Ueda signals focus on data ahead of Dec meeting, yen jumps

Bank of Japan Governor Kazuo Ueda said the central bank will scrutinise various data ahead its rate review next month, and "seriously" take into account the impact yen

BOJ's Ueda signals focus on data ahead of Dec meeting, yen jumps
Asia|Business|Finance|US

Starbucks weighs strategic partnerships for China operations

Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media report saying the company is considering selling a stake in the business to

Starbucks weighs strategic partnerships for China operations
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Global shares mostly slip despite Nvidia's solid earnings report

Global shares have mostly fallen as regional markets tried to digest a strong profit report from Nvidia

Stock market today: Global shares mostly slip despite Nvidia's solid earnings report
Asia|Australia|Business|Finance|Stock Markets

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani

GQG Partners, which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
Asia|Business|Economy|Finance|World

China advisers call for steady 5% 2025 economic growth goal, stronger stimulus

Chinese government advisers are recommending that Beijing should maintain an economic growth target of around 5.0% for next year, pushing for stronger fiscal stimulus

China advisers call for steady 5% 2025 economic growth goal, stronger stimulus
Business|Economy|Finance

Flour millers face supply crunch as wheat farmers tighten grip on stocks

Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and

Flour millers face supply crunch as wheat farmers tighten grip on stocks
Business|Election|Finance|US

Lutnick's China ties draw fire after Trump taps him to lead US in trade war

Investment banker Howard Lutnick's exposure to China came into sharp relief on Wednesday, after Republican President-elect Donald Trump tapped him to lead the

Lutnick's China ties draw fire after Trump taps him to lead US in trade war
Business|Finance|Stock Markets|US

US indictments scythe $27 billion off value of India's Adani Group firms

Adani Group companies lost about $27 billion in market value on Thursday after U.S. prosecutors charged the Indian conglomerate's

US indictments scythe $27 billion off value of India's Adani Group firms
Asia|Business|Finance|Stock Markets|Technology

Stocks sputter as Nvidia's growth slows, bitcoin hits new high

Global stocks eased on Thursday after AI bellwether Nvidia's revenue growth forecast failed to excite investors, while the dollar firmed and bitcoin hit a

Stocks sputter as Nvidia's growth slows, bitcoin hits new high
Business|Crime|Finance|US

Indian tycoon Gautam Adani charged in US over $265 million bribery scheme

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials,

Indian tycoon Gautam Adani charged in US over $265 million bribery scheme
Business|Finance|Stock Markets

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say

Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering,

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say
Business|Finance|Technology

Nvidia's supply snags limit deliveries even as demand booms, shares down

Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom is

Nvidia's supply snags limit deliveries even as demand booms, shares down
Business|Economy|Finance|Technology|US

Class action lawsuit on AI-related discrimination reaches final settlement

A federal judge has signed off on a settlement agreement Wednesday in a class action lawsuit alleging that an algorithm designed to score rental applicants discriminated on the basis of race and income

Class action lawsuit on AI-related discrimination reaches final settlement
Asia|Economy|Finance

Japan plans $90 billion spending in new stimulus package, document shows

Japan is considering spending 13.9 trillion yen ($89.7 billion) from its general account to fund a new stimulus package aimed at mitigating

Japan plans $90 billion spending in new stimulus package, document shows
Asia|Business|Crime|Finance|Stock Markets

Adani dollar bonds tumble after US bribery charges

Dollar bond prices for Adani companies fell sharply in early Asia trade on Thursday after the Indian conglomerate's billionaire chairman was indicted in New York over allegations

Adani dollar bonds tumble after US bribery charges
Economy|Finance|US

Dollar buffered by Trump policy expectations; bitcoin surges

The dollar steadied on Thursday as traders awaited clarity on U.S.

Dollar buffered by Trump policy expectations; bitcoin surges
Americas|Asia|Business|Economy|Finance

Brazil development bank gets $690 million loan from China

China Development Bank signed a deal on Wednesday to loan 5 billion yuan ($690 million) to Brazil's National Bank for Economic and Social Development BNDES,

Brazil development bank gets $690 million loan from China
Business|Finance|Technology|US

Palo Alto tops revenue and profit estimates on steady cybersecurity demand

Palo Alto Networks beat Wall Street expectations for first-quarter revenue and profit on Wednesday, owing to healthy spending for its cybersecurity services amid a rise in digital threats.

Palo Alto tops revenue and profit estimates on steady cybersecurity demand
Economy|Europe|Finance

German tax revenue rose by 8.2% in October, finance ministry says

Germany's federal and state governments' tax revenue rose 8.2% in October compared with the same month last year, the finance ministry said in its monthly report

German tax revenue rose by 8.2% in October, finance ministry says
Business|Finance|Technology

Nvidia is Wall Street's most valuable company. How it got there, by the numbers

Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts

Nvidia is Wall Street's most valuable company. How it got there, by the numbers
Economy|Finance

New Zealand Treasury likely to cut economic and fiscal forecasts, official says

New Zealand's Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.

New Zealand Treasury likely to cut economic and fiscal forecasts, official says
Economy|Finance|US

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Business|Finance|Technology

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
Asia|Business|Economy|Finance

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'

A takeover battle over Korea Zinc is adding pressure on Seoul to pass legislative reforms to ensure better protections for all investors in a

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'
Business|Economy|Finance|US

Boeing gives lay off notices to nearly 700 in Missouri

SEATTLE - Boeing issued lay off notices to 692 workers in Missouri, home to the company's Defense, Space & Security division, according to a federally-required filing posted on Wednesday, as part of

Boeing gives lay off notices to nearly 700 in Missouri
Economy|Finance

IMF mission concludes visit to Egypt for the fourth review of loan programme

The International Monetary Fund said on Wednesday that its mission had concluded a visit to Egypt and made substantial progress on policy discussions toward the completion of the

IMF mission concludes visit to Egypt for the fourth review of loan programme
Americas|Business|Economy|Finance|US

Canada's provincial leaders want a free trade deal with the US that excludes Mexico

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

Canada's provincial leaders want a free trade deal with the US that excludes Mexico
Asia|Business|Economy|Finance

Nvidia beats, but fails to provide spark

A look at the day ahead in Asian markets. 

Nvidia beats, but fails to provide spark
Business|Crime|Finance|Stock Markets|US

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
Business|Finance|Stock Markets|Technology

Snowflake lifts product revenue forecast, enters AI deal with Anthropic

Data analytics provider Snowflake on Wednesday raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services, sending its shares

Snowflake lifts product revenue forecast, enters AI deal with Anthropic
Business|Crime|Economy|Finance|US

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Business|Crime|Economy|Finance|US

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges
Business|Crime|Finance|US

Billionaire Gautam Adani of India's Adani Group charged in US with bribery, fraud

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over

Billionaire Gautam Adani of India's Adani Group charged in US with bribery, fraud
Business|Economy|Finance|Political|US|World

Biden administration moves to forgive $4.7 billion of loans to Ukraine

The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said

Biden administration moves to forgive $4.7 billion of loans to Ukraine
Business|Economy|Finance|US

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support

Non-recessionary rate-cutting cycle should support credit, Pinebridge says
Business|Finance|Stock Markets

Elf Beauty stock slides after Muddy Waters says it has shorted its shares

Muddy Waters has taken a short position in cosmetics company Elf Beauty, the hedge fund's chief executive Carson Block said at the Sohn conference in London on

Elf Beauty stock slides after Muddy Waters says it has shorted its shares
Economy|Finance|US

Fed's Bowman says rate cuts are concerning

Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed's

Fed's Bowman says rate cuts are concerning
Business|Finance

Argentina's YPF to seek $2 billion in financing for oil pipeline in Q2 2025

Argentina's state-run oil company YPF will seek $2 billion in financing in the second quarter of 2025 to complete its Vaca Muerta Sur project, a company source said on

Argentina's YPF to seek $2 billion in financing for oil pipeline in Q2 2025
Business|Finance

News Corp says investors reject proposal to end dual class voting structure

News Corp said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family's grip on the publisher by

News Corp says investors reject proposal to end dual class voting structure
Business|Finance|Stock Markets|US

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

Goldman Sachs CEO David Solomon expects capital markets to be more robust in 2025, he said in an interview with CNBC on Wednesday, joining a wave of positive forecasts as inflation eases

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

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