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

Finance

Finance|Travel

Travel industry to contribute record $11 trillion to global GDP in 2024

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the

Travel industry to contribute record $11 trillion to global GDP in 2024
Business|Finance

Bain makes estimated $4.1 billion offer for Fuji Soft, topping KKR bid

U.S. buyout fund Bain Capital said on Tuesday it made a counter-offer to buy Japanese software developer Fuji Soft, estimated at about 600 billion yen ($4.1 billion) that would exceed

Bain makes estimated $4.1 billion offer for Fuji Soft, topping KKR bid
Business|Finance

Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring

Just a few months after Russia invaded Ukraine, the country's financial adviser, Rothschild & Co, handed Kyiv's debt chief a thick black folder

Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring
Business|Finance|Technology

Tesla's China sales have best month of the year in August

Tesla's sales in China logged their best month for the year so far in August, with the U.S. electric vehicle maker benefiting from brisk sales in smaller cities.

Tesla's China sales have best month of the year in August
Business|Finance

Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time

Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years.

Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
Business|Economy|Finance|Technology

Thailand's $13 billion digital handout scheme to include cash payments, PM says

Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday said part of the government's vaunted 450 billion baht ($13.1 billion) "digital wallet" handout

Thailand's $13 billion digital handout scheme to include cash payments, PM says
Business|Economy|Finance

ISM kicks off the dollar's big week

A look at the day ahead in European and global markets from Tom Westbrook Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S. data and, likely, the dollar.

ISM kicks off the dollar's big week
Asia|Business|Economy|Finance

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy's health

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
Business|Economy|Finance

Equities sell off sharply, Treasury yields drop with economic data in focus

MSCI's gauge of global equities fell sharply on Tuesday, with Wall Street stocks taking their biggest hit since early August while U.S.

Equities sell off sharply, Treasury yields drop with economic data in focus
Business|Finance

Japanese companies cannot use national security cover to block takeovers, official says

Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior finance ministry official said,

Japanese companies cannot use national security cover to block takeovers, official says
Economy|Finance

Dollar rises as traders eye data-heavy week; yen strengthens

The dollar rose to a two-week high against the euro on Tuesday as traders braced for a data-heavy week, including Friday's U.S. payrolls

Dollar rises as traders eye data-heavy week; yen strengthens
Asia|Business|Economy|Finance|News

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday and keep it there at least through 2025 as growth remains robust and inflation

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll
Europe|Finance|News

Ukraine's bondholders approve crucial $20 billion debt restructuring

Ukraine announced on Wednesday that international bondholders had formally approved its plan to restructure over $20 billion of debt amid its ongoing war with Russia.

Ukraine's bondholders approve crucial $20 billion debt restructuring
Business|Finance

Elliott now owns enough of Southwest Airlines to call special meeting

Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting

Elliott now owns enough of Southwest Airlines to call special meeting
Business|Economy|Finance

Summery weather helps boost UK consumer spending, surveys show

British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to

Summery weather helps boost UK consumer spending, surveys show
Business|Economy|Finance|News

New Zealand's data fog leaves its central bank flying blind

Lags in New Zealand's official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest

New Zealand's data fog leaves its central bank flying blind
Economy|Europe|Finance|News

French finance ministry's deficit warning adds to Macron's political headache

France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry warned in a

French finance ministry's deficit warning adds to Macron's political headache
Americas|Business|Finance

Holiday disruption at US hotels as 10,000 workers strike

Dozens of U.S. hotels faced disruptions during Monday's busy Labor Day public holiday as over 10,000 workers went on strike after contract talks stalled, employees and the

Holiday disruption at US hotels as 10,000 workers strike
Economy|Finance|Lifestyle|News

Family worries how they will pay for a $10,000 water bill

Family worries how they will pay for a $10,000 water bill

Family worries how they will pay for a $10,000 water bill
Americas|Finance|Technology

Brazil's government considers taxing big techs if revenue falls short

Brazil's Finance Ministry will submit proposals to Congress this year to tax big tech companies and implement a global minimum tax of 15% on multinational corporations to secure

Brazil's government considers taxing big techs if revenue falls short
Economy|Finance

EU recovery fund disbursement slow at mid-point of scheme, auditors warn

Only a third of the European Union's recovery fund cash had reached members by the end of last year and there is a risk it will not be fully used as

EU recovery fund disbursement slow at mid-point of scheme, auditors warn
Business|Europe|Finance

Blackstone buys stake in $1.2 billion European logistics fund

Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone, the latest push by the U.S. investment manager into

Blackstone buys stake in $1.2 billion European logistics fund
Business|Finance|Technology

HP to continue $4 billion damages case against Mike Lynch

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

HP to continue $4 billion damages case against Mike Lynch
Business|Economy|Finance

Russian central bank set to hike key rate by another 100 bps: Reuters poll

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters

Russian central bank set to hike key rate by another 100 bps: Reuters poll
Business|Finance|Technology

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say

TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say

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