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

Finance

Economy|Finance

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Finance|Stock Markets

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

Berkshire Hathaway has offloaded Bank of America shares worth more than $6 billion following a strong run in the second-largest U.S. lender's stock, with some

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits
Business|Finance

Family-owned Tropical Cheese is exploring a sale, sources say

The family behind Tropical Cheese Industries is exploring a sale of the Hispanic dairy products maker that could value it at over $500 million, according to

Family-owned Tropical Cheese is exploring a sale, sources say
Business|Economy|Finance

Sanctioned former central banker to become Russia's IMF representative

Ksenia Yudaeva, an adviser to Bank of Russia Governor Elvira Nabiullina, will become Russia's new executive director at the International Monetary Fund (IMF), Moscow's current

Sanctioned former central banker to become Russia's IMF representative
Americas|Economy|Finance|News|Stock Markets

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting

A Senate committee hearing to confirm President Luiz Inacio Lula da Silva's pick to head Brazil's central bank will not happen before the monetary authority's next interest rate-

Brazil Senate rules out Galipolo's confirmation before next cenbank meeting
Economy|Finance|News

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war

Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal

Israeli Finance Minister plans 2025 spending cuts to fund Gaza war
Business|Finance

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying

Former Moelis, Barclays activism defense bankers to build business at Jasper Street
Business|Finance

Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stock

Boeing's annual free cash flow target of $10 billion may be delayed by about two years to 2027-28 and it would have to raise $30 billion before developing a new aircraft, Wells Fargo said

Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stock
Business|Finance|Technology

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

AI server maker Super Micro denies short-seller Hindenburg's claims
Business|Crime|Finance|News|World

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?

Riad Salameh, Lebanon's former central bank governor arrested on Tuesday on fraud charges, was feted as a financial wizard before his image was shredded by corruption cases at home

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?
Business|Finance|Technology

US lenders not on insolvency panel of India's Byju's, sources say

U.S.-based Glas Trust is not part of a key panel overseeing the insolvency proceedings of Indian education-technology giant Byju's, and will need to substantiate

US lenders not on insolvency panel of India's Byju's, sources say
Business|Finance

Constellation Brands to record up to $2.5 billion in charges linked to wine business

Constellation Brands will write down the value of its wine and spirits business and take up to a $2.5 billion charge in the current quarter, the Corona beer maker said on Tuesday,

Constellation Brands to record up to $2.5 billion in charges linked to wine business
Business|Economy|Finance

Goldman temporarily suspends zinc coverage

Goldman Sachs has suspended covering zinc markets "for the moment", citing "restricted capacity" following the departure of the sector lead earlier this year.

Goldman temporarily suspends zinc coverage
Business|Finance|Stock Markets|Technology

Corporate America has a revenue problem: McGeever

Nvidia's share price slump after its strong, but not exceptionally strong, second-quarter results raises a broader question for U.S. stocks: Are 2025

Corporate America has a revenue problem: McGeever
Business|Economy|Finance

Want job security in this uncertain market? A surprising trend is paying off

Want job security in this uncertain market? A surprising trend is paying off

Want job security in this uncertain market? A surprising trend is paying off
Business|Crime|Economy|Finance|World

Lebanon's former central bank governor detained in corruption probe

Officials say Lebanon’s controversial former central bank governor has been detained after being questioned in several corruption cases

Lebanon's former central bank governor detained in corruption probe
Business|Economy|Finance

British home price rises to outpace inflation, but affordability to improve: Reuters poll

British home prices will make solid gains in the next two years, outpacing overall inflation, but affordability for first-time buyers is likely to improve based on

British home price rises to outpace inflation, but affordability to improve: Reuters poll
Business|Economy|Finance

Brazil's HBR Realty files eviction action against WeWork

Brazilian real estate firm HBR Realty said on Tuesday it has filed an eviction action against WeWork due to lack of payment, although the flexible workspace provider denied

Brazil's HBR Realty files eviction action against WeWork
Americas|Economy|Finance

Brazil's Q2 economic surge fuels bets on imminent interest rate hike

Brazil's economy surprised to the upside in the second quarter, increasing bets on an imminent interest rate hike to curb inflationary pressures as the central

Brazil's Q2 economic surge fuels bets on imminent interest rate hike
Business|Finance

Moody's upgrades outlook on global reinsurers to positive from stable

Moody's Ratings upgraded its outlook on global reinsurers to positive from stable owing to reinsurers' higher prices and more restrictive policies, along with

Moody's upgrades outlook on global reinsurers to positive from stable
Business|Finance|Technology

EV firm Polestar taps former Stellantis finance executive as CFO

Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.

EV firm Polestar taps former Stellantis finance executive as CFO
Business|Economy|Finance|Stock Markets

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
Economy|Finance|News|Stock Markets

Wall Street drops on September worries, upcoming data

U.S. stocks slumped on Tuesday, at the start of one of the market's historically worst months, ahead of data likely to influence how much the Federal Reserve will

Wall Street drops on September worries, upcoming data
Business|Finance|Stock Markets

Labor Day to labor report as Sept kicks off

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street gets September off to a late start with a holiday- shortened week that focusses squarely on the U.S. jobs market after

Labor Day to labor report as Sept kicks off
Business|Economy|Europe|Finance

European shares fall as US data rekindles growth worries

Europe stocks fell on Tuesday in their worst session in nearly a month, as U.S. manufacturing data brought concerns about a slowdown in global

European shares fall as US data rekindles growth worries

Follow