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

Finance

Asia|Business|Economy|Finance

Bracing for heavy selloff

A look at the day ahead in Asian markets.

Bracing for heavy selloff
Business|Finance

Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected

Canada's Alimentation Couche-Tard said it was willing to engage in confidential discussions with Japanese retail giant Seven & i Holdings on its $38.5 billion

Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected
Africa|Economy|Finance

Egypt August inflation seen dropping despite price hikes

Egypt's inflation is forecast to have declined for a sixth month in August, helped by a favourable base effect, but some analysts say it is likely to have increased month on month

Egypt August inflation seen dropping despite price hikes
Business|Finance

Munich Re says damage inflation well above CPI rate

Munich Re said on Sunday that it will push for higher reinsurance rates to take into account the fact that costs for insured damages are rising much faster than overall consumer

Munich Re says damage inflation well above CPI rate
Business|Europe|Finance

VW boss says European market shrinking amid tougher competition

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while

VW boss says European market shrinking amid tougher competition
Economy|Europe|Finance

France asks EU to let it delay submitting budget deficit plan, La Tribune reports

France has asked the European Commission to extend beyond Sept. 20 a deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft budget, La Tribune du

France asks EU to let it delay submitting budget deficit plan, La Tribune reports
Business|Economy|Europe|Finance

Italy sees 2025 GDP growth of at least 1.2%, junior minister says

Italy sees its economy expanding by at least 1.2% in 2025, a Treasury junior minister told Reuters, as the government prepares its medium-term structural budget plan to be

Italy sees 2025 GDP growth of at least 1.2%, junior minister says
Business|Crime|Finance

Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino

Casino company Wynn Resorts is paying $130 million to federal authorities and admitting that it allowed unlicensed money transfers from around the world to reach gamblers at its flagship Las Vegas Strip property

Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino
Africa|Economy|Finance|News

China stops short of Africa debt relief as it pledges more cash

China stopped short of providing the debt relief sought by many African countries this week, but pledged 360 billion yuan ($50.7 billion)

China stops short of Africa debt relief as it pledges more cash
Asia|Economy|Finance

China's central bank pauses gold purchases for a fourth month in August

China's central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.

China's central bank pauses gold purchases for a fourth month in August
Economy|Finance|News

China FX reserves rise to highest level since 2015 in August

China's foreign exchange reserves rose to the highest level in more than 8-1/2 years in August, official data showed on Saturday, thanks largely to a broadly weaker U.S.

China FX reserves rise to highest level since 2015 in August
Business|Economy|Finance

US to propose Basel rule revisions this month, Bloomberg reports

The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a raft of proposed banks capital rules as soon as Sept.

US to propose Basel rule revisions this month, Bloomberg reports
Business|Finance

US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure Partners

The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock's $12.5 billion deal for Global Infrastructure Partners.

US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure Partners
Business|Finance

Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a

Goldman Sachs expects OPEC+ production increases to start in December
Business|Celebrity|Election|Finance|News|Technology

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer
Americas|Economy|Finance

Brazil studies raising taxes without lawmaker approval, sources say

Brazil's government is considering tax hikes that do not require congressional approval to balance this year's budget, two finance ministry sources said on

Brazil studies raising taxes without lawmaker approval, sources say
Business|Finance|Stock Markets

Dell, Palantir and Erie Indemnity to join S&P 500

The S&P Dow Jones Indices said on Friday server maker Dell Technologies, data analytics firm Palantir Technologies and property and casualty insurer Erie Indemnity will join the benchmark

Dell, Palantir and Erie Indemnity to join S&P 500
Business|Finance

Carlyle-backed aviation service provider StandardAero files for US IPO

StandardAero, an aircraft maintenance services provider backed by private equity firm Carlyle Group and Singapore's sovereign wealth fund GIC, filed for an initial public offering in the

Carlyle-backed aviation service provider StandardAero files for US IPO
Business|Finance

Big Lots prepares bankruptcy filing with plans to sell stores, Bloomberg News reports

Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its chain of stores through a court-supervised process, Bloomberg News

Big Lots prepares bankruptcy filing with plans to sell stores, Bloomberg News reports
Business|Finance|Stock Markets

Well-timed GameStop options trade scores $550K profit after Roaring Kitty post

A well-timed trade in GameStop's options reaped a handsome profit on Friday after an account associated with "Roaring Kitty," a stock influencer and longtime

Well-timed GameStop options trade scores $550K profit after Roaring Kitty post
Business|Economy|Finance

Economic worries back on Wall Street's radar after jobs data

Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling

Economic worries back on Wall Street's radar after jobs data
Americas|Business|Economy|Finance

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say
Finance

Ukraine forex reserves rise to $42.3 billion as of Sept 1

Ukraine's foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement.

Ukraine forex reserves rise to $42.3 billion as of Sept 1
Business|Finance|Stock Markets

Starboard files proposal at News Corp, seeks to break Murdoch's grip

Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp, the

Starboard files proposal at News Corp, seeks to break Murdoch's grip
Business|Economy|Finance

Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows

Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous

Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows

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