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

Finance

Business|Economy|Finance

US lender KeyCorp sells nearly $7 billion of low-yield investments

U.S. regional lender KeyCorp said on Monday it had sold about $7 billion of low-yielding investments and that the transaction would result in an after-tax loss of about $700 million in the

US lender KeyCorp sells nearly $7 billion of low-yield investments
Business|Economy|Finance

Big Lots files for bankruptcy

Big Lots files for bankruptcy

Big Lots files for bankruptcy
Business|Finance|Stock Markets

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts

Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Business|Finance|News|Technology

Trump has lost $4 billion in Truth Social wipeout

Trump has lost $4 billion in Truth Social wipeout

Trump has lost $4 billion in Truth Social wipeout
Business|Finance|Technology

Google’s search business was deemed a monopoly. Now its ad business is on trial

Google’s search business was deemed a monopoly. Now its ad business is on trial

Google’s search business was deemed a monopoly. Now its ad business is on trial
Business|Finance|Stock Markets

Toronto market snaps losing streak as bargain hunters step in

Canada's main stock index ended higher for the first time in five sessions on Monday, with heavily weighted financials and industrials among the sectors to benefit as

Toronto market snaps losing streak as bargain hunters step in
Business|Economy|Finance

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.

Morgan Stanley cuts Brent crude price view as market signals demand softness
Finance|News|Stock Markets

Post-payrolls foothold, new iPhones and debate

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street futures have found their feet after Friday's exaggerated market reaction to an otherwise middling employment report -

Post-payrolls foothold, new iPhones and debate
Election|Finance|Technology

Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows

Workers at many of the largest U.S. tech companies overwhelmingly back Democratic presidential candidate Kamala Harris, according to donation data, even as

Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows
Business|Finance

Execs of Jimmy Lai's Hong Kong media firm mount legal challenge against BDO

Two Western media executives with long experience in Hong Kong have accused global accounting firm BDO of breaking international rules by

Execs of Jimmy Lai's Hong Kong media firm mount legal challenge against BDO
Business|Economy|Europe|Finance

Draghi urges EU to catch up rivals or face 'slow agony'

The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals

Draghi urges EU to catch up rivals or face 'slow agony'
Business|Finance|Stock Markets|Technology

Boeing's shares rise after tentative labor deal that could avert major strike

Boeing's shares rose 3.7% on Monday after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers, averting a

Boeing's shares rise after tentative labor deal that could avert major strike
Asia|Finance

Hedge funds flock to Japan as market heats up

Japan has emerged as a standout in Asia's subdued $400 billion hedge fund sector, drawing fund launches while other regions suffer closures in an indicator that

Hedge funds flock to Japan as market heats up
Asia|Economy|Finance|News

Thailand to distribute first $4.2 billion of handout scheme starting this month

Thailand will distribute 145 billion baht ($4.2 billion) of its "digital wallet" handout programme earlier than scheduled to support vulnerable groups, a deputy finance minister

Thailand to distribute first $4.2 billion of handout scheme starting this month
Asia|Economy|Finance

Asian Development Bank says president Asakawa to leave in early 2025

The Asian Development Bank said on Monday its president, Masatsugu Asakawa, had announced his intention to step down from his position, effective Feb. 23, 2025.

Asian Development Bank says president Asakawa to leave in early 2025
Business|Finance|Stock Markets

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble

London's benchmark FTSE 100 climbed over 1% amid broader gains led by travel and leisure stocks after an upbeat forecast from gambling group Entain, while

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble
Business|Economy|Europe|Finance

European shares rebound from dour week with central banks in focus

European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the

European shares rebound from dour week with central banks in focus
Economy|Finance|News|World

Lebanon's ex-central bank chief Salameh to remain detained amid probe

A judge ordered Lebanon's former central bank chief Riad Salameh to remain in detention amid a probe into alleged financial crimes committed during

Lebanon's ex-central bank chief Salameh to remain detained amid probe
Business|Economy|Finance|News|World

China's exports likely slowed further in August as trade tensions mount: Reuters poll

China's exports likely grew at the slowest pace in four months in August, as cooling global demand and mounting trade barriers threaten to dim a bright

China's exports likely slowed further in August as trade tensions mount: Reuters poll
Business|Finance

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Business|Economy|Finance

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending

Japan's ruling party official and candidate running in the party's leadership race, Sanae Takaichi, on Monday called for deploying "strategic" fiscal spending to support the economy.

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending
Asia|Business|Europe|Finance|Stock Markets

China still busy exporting disinflation

A look at the day ahead in European and global markets from Wayne Cole It's been a down day for Asia as it catches up with the post-payrolls fallout on Wall Street, with the Nikkei losing another 1.7%

China still busy exporting disinflation
Business|Finance|News

Oil prices edge up as storm nears US Gulf Coast after week of heavy losses

Oil prices rose about 1% on Monday on concerns that a hurricane forecast to hit Louisiana on Wednesday will disrupt production and refining along the U.S.

Oil prices edge up as storm nears US Gulf Coast after week of heavy losses
Business|Finance|Stock Markets

China Renaissance plunges on trade resumption as star dealmaker's absence clouds prospects

China Renaissance shares plunged as much as 72% on Monday after ending a 17-month suspension triggered by a probe involving the boutique investment

China Renaissance plunges on trade resumption as star dealmaker's absence clouds prospects
Business|Economy|Finance

US dollar perks up as traders reduce bets on larger Fed rate cut

The dollar snapped back against the yen and other major currencies on Monday after losses last week, as investors looked ahead to key U.S. inflation

US dollar perks up as traders reduce bets on larger Fed rate cut

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