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

Finance

Business|Economy|Finance|Stock Markets

S&P 500 ends slightly higher but banks and energy weigh

Wall Street's benchmark S&P 500 index closed up 0.5% on Tuesday but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks

S&P 500 ends slightly higher but banks and energy weigh
Business|Europe|Finance

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes

The European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes
Economy|Finance

Thai household debt at record high amid sluggish economy, survey shows

Thailand's average household debt has reached a record high due to slow economic growth, lower incomes and high living costs, and

Thai household debt at record high amid sluggish economy, survey shows
Business|Europe|Finance|Technology

Google loses fight against $2.7 billion EU antitrust fine

Alphabet's Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion) fine levied by EU antitrust regulators seven years ago, one of a trio of

Google loses fight against $2.7 billion EU antitrust fine
Business|Europe|Finance|Stock Markets

FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets

London's FTSE 100 ended lower on Tuesday, led by a sell-off in healthcare and energy shares, while cooling wage growth in the UK cemented bets for further

FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets
Economy|Europe|Finance

Banks, energy stocks weigh on European bourses; BMW tumbles

European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key U.S.

Banks, energy stocks weigh on European bourses; BMW tumbles
Business|Europe|Finance|Stock Markets

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes

UK fund managers Schroders and abrdn named new CEOs on Tuesday, appointing insiders to reboot performance at firms running nearly 1.3 trillion pounds ($1.7 trillion)

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes
Asia|Business|Finance|Stock Markets

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

U.S. stocks drifted to a mixed close following several weeks of sharp swings

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
Business|Finance

Global hiring intentions hold steady in Q4, ManpowerGroup survey shows

Companies' global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the

Global hiring intentions hold steady in Q4, ManpowerGroup survey shows
Business|Economy|Finance|Stock Markets

US election is just one risk among many for nervous stock market

Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S.

US election is just one risk among many for nervous stock market
Business|Economy|Europe|Finance|Stock Markets

China gloom overshadows Wall Street-led rebound

A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from

China gloom overshadows Wall Street-led rebound
Economy|Finance|News

US to discuss economic support for Bangladesh interim government

U.S. officials will hold talks with Bangladesh's interim government to see how the United States can support the country's economy and development, the U.S.

US to discuss economic support for Bangladesh interim government
Business|Finance

Nomura sees markets revenue beating goal as brokerage courts hedge funds

Nomura Holdings is eyeing stronger revenue growth in trading, which could increase by as much as 30% over the next three years, as it

Nomura sees markets revenue beating goal as brokerage courts hedge funds
Asia|Finance

Japan nominates ex-currency diplomat Kanda to head ADB

Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank (ADB), Finance

Japan nominates ex-currency diplomat Kanda to head ADB
Australia|Business|Finance

Australia regulator seeks to make banks phase out issuing hybrid securities

Australia's prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail

Australia regulator seeks to make banks phase out issuing hybrid securities
Business|Economy|Finance|News|World

From Peru to Tuvalu: World Bank chief says global lender must change

World Bank President Ajay Banga said in a speech on Tuesday after visiting 27 countries from Peru to Tuvalu that the global lender needs to work faster and

From Peru to Tuvalu: World Bank chief says global lender must change
Business|Economy|Finance

US dollar falls as markets brace for presidential debate, inflation

The dollar slid against some major currencies on Tuesday, consolidating Monday's gains ahead of key inflation data and a highly anticipated U.S.

US dollar falls as markets brace for presidential debate, inflation
Business|Economy|Finance

Australian consumers downbeat in Sept amid economic worries

Australian consumer sentiment stayed downbeat in September as concerns over the economy and jobs bubbled to the surface even as worries over higher interest rates eased, a survey

Australian consumers downbeat in Sept amid economic worries
Asia|Business|Finance|Technology

Samsung SDI to sell polarizing film business to Chinese firm for $836 million

South Korean battery maker Samsung SDI said on Tuesday it had decided to sell its polarizing film business to China's Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($

Samsung SDI to sell polarizing film business to Chinese firm for $836 million
Business|Finance

Australia central bank reforms in doubt as politics interferes

Long-delayed reforms to the Reserve Bank of Australia (RBA) could be dead in the water after the Liberal National opposition decided to oppose them in parliament, Treasurer Jim

Australia central bank reforms in doubt as politics interferes
Business|Finance|Technology

Hewlett Packard shares fall on $1.35 billion convertible stock offering for Juniper buyout

Hewlett Packard Enterprise's shares dropped 6.4% in extended trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its

Hewlett Packard shares fall on $1.35 billion convertible stock offering for Juniper buyout
Business|Finance|Sports

Under Armour warns restructuring may cost more than previously expected

Under Armour expects its restructuring efforts to cost more than it had previously forecast, the sportswear maker said on Monday, sending its shares down 3% in aftermarket trade.

Under Armour warns restructuring may cost more than previously expected
Finance

Goldman Sachs CEO says trading revenue is heading for a 10% slide in 3Q

Goldman Sachs' trading revenue will probably slip 10% in the third quarter because of sluggish conditions last month, CEO David Solomon said on Monday.

Goldman Sachs CEO says trading revenue is heading for a 10% slide in 3Q
Business|Finance

Norfolk Southern CEO to step down amid misconduct probe, sources say

Norfolk Southern's CEO Alan Shaw is expected to step down from his role at the railroad company amid an investigation into allegations of potential workplace misconduct, two sources

Norfolk Southern CEO to step down amid misconduct probe, sources say
Business|Finance

Lilly appoints insider as finance chief amid rising investments to boost capacity

U.S. drugmaker Eli Lilly on Monday said it has appointed insider Lucas Montarce as its new chief financial officer, effective immediately, months after former CFO Anat

Lilly appoints insider as finance chief amid rising investments to boost capacity

Follow