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

Finance

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
Business|Finance

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal

U.S. lender NBT Bancorp has agreed to buy Evans Bancorp in a deal that values it at nearly $236 million, as it looks to expand its footprint in western New York.

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal
Business|Finance|Stock Markets

JPMorgan stock slumps as interest income warning rattles market

JPMorgan Chase shares fell more than 5% after the president of the largest U.S. bank tempered the outlook for its earnings from interest payments

JPMorgan stock slumps as interest income warning rattles market
Economy|Finance|News

Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year

The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power

Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year
Business|Finance

JPMorgan CEO Jamie Dimon says succession is his most important task

JPMorgan Chase is focused on succession planning and has a cadre of "extremely" qualified people who are prepared to run the

JPMorgan CEO Jamie Dimon says succession is his most important task
Business|Economy|Finance

US SEC hits Keurig with $1.5 million fine over pod recyclability statements

Keurig Dr Pepper Inc agreed to pay a $1.5 million fine to settle U.S.

US SEC hits Keurig with $1.5 million fine over pod recyclability statements
Business|Economy|Finance

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some

Employee wages are one of the biggest costs for small businesses

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some
Business|Finance|Technology

Data center operator Switch weighs IPO at about $40 billion valuation, sources say

The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including

Data center operator Switch weighs IPO at about $40 billion valuation, sources say
Business|Economy|Finance

Bank of Canada says trade disruptions could hinder inflation fight

Global trade disruptions could make it harder for the Bank of Canada to consistently meet its 2% inflation target, and it will have to

Bank of Canada says trade disruptions could hinder inflation fight
Business|Finance|Stock Markets

Southwest Airlines shakes up its board under pressure from a big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan

Southwest Airlines shakes up its board under pressure from a big shareholder
Business|Crime|Finance|Technology

UK financial watchdog charges man with running illegal crypto ATMs

Britain's financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration.

UK financial watchdog charges man with running illegal crypto ATMs
Business|Economy|Europe|Finance

Apple tax bonanza hands Ireland political, reputational headache

An EU court order that Apple pay Ireland 13 billion euros ($14.4 billion) in back taxes triggered mixed feelings in Dublin on Tuesday as the

Apple tax bonanza hands Ireland political, reputational headache
Business|Europe|Finance|Technology

Why does Apple have to pay Ireland $14.4 billion?

Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back

Why does Apple have to pay Ireland $14.4 billion?

Follow