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

Finance

Business|Finance|Technology

UK clears Microsoft's partnership with Inflection AI

Britain's competition regulator, on Wednesday, cleared Microsoft's hiring of some former staff of Inflection AI and its partnership with the startup and said the deal did not required a

UK clears Microsoft's partnership with Inflection AI
Economy|Finance

Hormel Foods cuts annual sales forecast on lower turkey prices

Skippy peanut butter maker Hormel Foods cut its annual sales forecast on Wednesday, hurt by lower commodity prices and a production disruption at its Planters brand manufacturing facility

Hormel Foods cuts annual sales forecast on lower turkey prices
Business|Economy|Finance|News

OPEC+ discussing delay to planned oil output hike in October, sources say

OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months,

OPEC+ discussing delay to planned oil output hike in October, sources say
Business|Economy|Finance|News

Wall Street ends slightly down after weak labor market data, dovish Fed comments

U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case

Wall Street ends slightly down after weak labor market data, dovish Fed comments
Australia|Business|Finance

Star Entertainment working with advisers to finalise financial results, date not yet set

Australia's Star Entertainment is working with various financial advisers to finalise its fiscal 2024 results, it said on Wednesday, as the embattled casino operator remains under scrutiny

Star Entertainment working with advisers to finalise financial results, date not yet set
Asia|Business|Finance

Chinese fund manager asks staff to return excess pay from past five years, sources say

A top 10 Chinese fund manager has asked senior executives to return pay received over the past five years that exceeds a new cap, to tally with a

Chinese fund manager asks staff to return excess pay from past five years, sources say
Business|Economy|Election|Finance

Harris proposes smaller hike in capital gains tax than Biden

Democratic presidential candidate Kamala Harris on Wednesday proposed raising the capital gains tax rate for those earning $1

Harris proposes smaller hike in capital gains tax than Biden
Business|Finance|Technology

Blackstone to buy Australia's AirTrunk in $16 billion deal

Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over A$24 billion ($16.10 billion), it said on Wednesday, in what would

Blackstone to buy Australia's AirTrunk in $16 billion deal
Economy|Finance|News

IMF mission starts fifth review of Ukraine program as Kyiv reshuffles government

An International Monetary Fund mission began work on Wednesday on the fifth review of its $15.6 billion lending programme to Ukraine amid a major wartime government reshuffle.

IMF mission starts fifth review of Ukraine program as Kyiv reshuffles government
Business|Economy|Europe|Finance

Italy's service sector growth slows in August, PMI shows

Italy's services sector expanded in August but at a slower pace than the previous month, a survey showed on Wednesday, amid a decline in new business in the euro zone's third-largest

Italy's service sector growth slows in August, PMI shows
Business|Economy|Finance|Stock Markets

FTSE 100 dips on declines in personal goods and homebuilders

Britain's main stock index ended lower on Wednesday, led by a drop in personal goods and homebuilder stocks, while investors assessed crucial UK and U.S. economic data

FTSE 100 dips on declines in personal goods and homebuilders
Asia|Business|Finance|Stock Markets|Technology

Foreigners retreat from Asian equities on doubt over tech valuations

Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI

Foreigners retreat from Asian equities on doubt over tech valuations
Economy|Europe|Finance

Technology stocks lead European shares lower as growth worries weigh

Europe's main share indices fell to a two-week low on Wednesday, with technology stocks leading declines as concerns of an imminent slowdown in

Technology stocks lead European shares lower as growth worries weigh
Business|Economy|Finance

Rupee hits record low amid negative global cues; RBI support aids

The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed wedged between negative

Rupee hits record low amid negative global cues; RBI support aids
Asia|Economy|Finance

Japan's prime ministerial hopeful Motegi aims to compile new stimulus package

An official of Japan's ruling party, Toshimitsu Motegi, said on Wednesday he would want to compile a comprehensive stimulus package to ensure

Japan's prime ministerial hopeful Motegi aims to compile new stimulus package
Economy|Europe|Finance|News

ECB 'terminal rate' seems too high: Mike Dolan

The market's best guess is the European Central Bank won't step on the accelerator over the coming cycle - which is either way off beam or extremely worrying.

ECB 'terminal rate' seems too high: Mike Dolan
Asia|Business|Europe|Finance|Stock Markets

Stocks tumble as market leaders turn losers

Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion

Stocks tumble as market leaders turn losers
Australia|Economy|Finance|Health

Aussie consumers put essentials first as cost pressures persist

Australian households prioritised spending on essential services such as healthcare in July, choosing to save extra cash from recent tax cuts as they grappled with stubborn inflation and

Aussie consumers put essentials first as cost pressures persist
Economy|Finance

Turkey cenbank deputy Karahan says fiscal policy critical to slay inflation

Turkey's fiscal policy will be critical to ensure that inflation remains on its downward path now that aggressive interest rate hikes are beginning to yield

Turkey cenbank deputy Karahan says fiscal policy critical to slay inflation
Economy|Europe|Finance|News

ECB at risk of becoming too restrictive, Cipollone says

The European Central Bank can continue to cut interest rates given the slowdown in inflation, and there is a risk the bank could keep policy too tight, ECB board member Piero

ECB at risk of becoming too restrictive, Cipollone says
Asia|Economy|Finance

Stock market today: Wall Street extends losses as technology and energy stocks fall

Stocks lost more ground on Wall Street, led by declines in the technology and energy sectors

Stock market today: Wall Street extends losses as technology and energy stocks fall
Europe|Finance|Stock Markets

Markets reckon with familiar September pain

A look at the day ahead in European and global markets from Rae Wee Markets in Europe are set for a rocky start on Wednesday after Asia stocks were left in a sea of red, as worries over the global

Markets reckon with familiar September pain
Business|Economy|Finance|News|Opinion|Political

Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits

Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy
Asia|Business|Finance

Surge in foreign bids for Japanese firms only just beginning, says BofA's Komori

A surge in foreign takeover bids for Japanese firms is likely to accelerate, according to Bank of America's co-head of Japan investment banking, Yuta Komori.

Surge in foreign bids for Japanese firms only just beginning, says BofA's Komori
Economy|Finance|News|World

Crude futures settle down by more than $1/bbl on demand fears

Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed

Crude futures settle down by more than $1/bbl on demand fears

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