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

Finance

Economy|Finance

South Korea household borrowing posts biggest jump in over three years

South Korea's household borrowing rose in August by the biggest amount in more than three years, led by a record jump in mortgage demand, central bank data showed on Wednesday.

South Korea household borrowing posts biggest jump in over three years
Asia|Business|Finance|Stock Markets

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech

U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of influential Big Tech companies

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
Finance|News|Sports

Judge orders former NFL star Adrian Peterson to turn over assets to pay $12M debt

Former NFL running back Adrian Peterson has been ordered by a Texas judge to turn over personal assets to help pay a debt that has ballooned to more than $12 million

Judge orders former NFL star Adrian Peterson to turn over assets to pay $12M debt
Business|Finance|Technology

REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports

Rupert Murdoch-owned property listings firm REA Group has made an initial takeover offer for Britain's Rightmove, Bloomberg News reported on Tuesday citing people familiar with the matter.

REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports
Business|Finance|Technology

News Corp would have lost $9 million in 2017 by ditching Google ads, ex-exec testifies

News Corp in 2017 estimated losing at least $9 million in ad revenue that year if it had switched away from Google's massive advertising apparatus,

News Corp would have lost $9 million in 2017 by ditching Google ads, ex-exec testifies
Business|Finance|Health

Weight-loss market to see 16 new drugs by 2029, report estimates

The market for weight-loss treatments is expected to see 16 new drugs vying for a slice of the lucrative business currently dominated by Novo Nordisk and Eli Lilly, according to estimates

Weight-loss market to see 16 new drugs by 2029, report estimates
Business|Finance

Bank of America CEO says Buffett has been a great backer, has not asked about stock sales

Bank of America CEO Brian Moynihan on Tuesday praised Warren Buffett as an investor in the company, but said he has not asked the legendary investor about

Bank of America CEO says Buffett has been a great backer, has not asked about stock sales
Business|Europe|Finance

A decade on, Botin's redesign of Santander empire her family built is incomplete

Spanish banker Ana Botin set about transforming Santander, a sprawling, acquisition-obsessed and fragmented lender into a leaner,

A decade on, Botin's redesign of Santander empire her family built is incomplete
Finance|News|World

Israel budget deficit widens further amid war to 8.3% of GDP in August

Israel posted a budget deficit of 12.1 billion shekels ($3.24 billion) in August, the Finance Ministry said on Monday, citing high expenses to finance the war with the

Israel budget deficit widens further amid war to 8.3% of GDP in August
Business|Finance

HSBC weighs commercial, investment bank merger to shed costs, Bloomberg reports

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, Bloomberg News reported on Monday, citing

HSBC weighs commercial, investment bank merger to shed costs, Bloomberg reports
Business|Economy|Finance|News|Stock Markets

US wholesale July inventories revised slightly lower

U.S. wholesale inventories increased less than initially thought in July amid a sharp rebound in sales, casting doubt on whether inventory investment would contribute to

US wholesale July inventories revised slightly lower
Asia|Business|Finance

China trade could disrupt market calm

A look at the day ahead in Asian markets.

China trade could disrupt market calm
Economy|Finance|News

Iraq faces 2025 fiscal squeeze amid oil price decline, adviser to PM says

Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister

Iraq faces 2025 fiscal squeeze amid oil price decline, adviser to PM says
Business|Finance

Retail, consumer CEOs see shorter tenures as boards act more quickly

When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more

Retail, consumer CEOs see shorter tenures as boards act more quickly
Asia|Business|Finance|Technology

Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme

Shares in Alibaba Group jumped 4.2% on Tuesday as investors cheered its inclusion on China's mainland stock exchanges after the e-commerce giant upgraded its Hong

Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme
Finance|Stock Markets

NZ dollar, Japan bonds zap trend hedge fund August returns, bank data shows

Trend-following hedge funds took a hit from their bets on the New Zealand dollar and Japanese stocks and bonds in August, when global markets were rattled by

NZ dollar, Japan bonds zap trend hedge fund August returns, bank data shows
Business|Economy|Finance|News

Instant view: Fed's Barr unveils sweeping bank capital plan revisions after pushback, delays

The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the

Instant view: Fed's Barr unveils sweeping bank capital plan revisions after pushback, delays
Economy|Finance

Portugal's government sees growth at 2% in 2024 and 2025

Portugal's government expects the economy to grow at an annual rate of about 2% in 2024 and 2025 and foresees small budget surpluses in both years even as

Portugal's government sees growth at 2% in 2024 and 2025
Business|Finance|News

Nippon Steel exec flies to Washington in last attempt to save US Steel deal, FT reports

Japanese steelmaker Nippon Steel's vice-chair will meet senior U.S. officials in Washington on Wednesday in an attempt to save its proposed $14.9 billion takeover of U.S.

Nippon Steel exec flies to Washington in last attempt to save US Steel deal, FT reports
Africa|Finance|News|World

UN Libya mission to resume talks between factions over bank governor

The U.N. mission in Libya will resume facilitating talks between factions in Tripoli on Wednesday to try to resolve the central bank crisis that has slashed oil output and threatened

UN Libya mission to resume talks between factions over bank governor
Finance|Stock Markets|Technology

Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry

Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its initial public offering, clouding the Microsoft-backed cybersecurity

Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
Business|Economy|Finance|News

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024

The Federal Reserve will lower

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024
Business|Economy|Finance

Nike's tumultuous years under outgoing CEO Donahoe

Sportswear giant Nike on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14.

Nike's tumultuous years under outgoing CEO Donahoe
Business|Economy|Finance

Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance chief said on

Ally Financial warns of 'intensifying' credit challenges, shares slump
Business|Economy|Finance

Deere settles US SEC bribery probe into massage parlor, other gifts in Thailand

Deere agreed to pay $9.93 million to settle U.S.

Deere settles US SEC bribery probe into massage parlor, other gifts in Thailand

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