Finance

Egypt central bank seen holding interest rates steady: Reuters poll

The Central Bank of Egypt CBE will leave its overnight interest rates unchanged when its monetary policy committee meets on Thursday as inflation continues to decline, a poll of

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

Market values of major tech firms declined in August amid concerns

A dollar on the defensive brings relief to policymakers globally

The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to

Hedge funds bet against banks, insurance and property, says Goldman Sachs

Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported

Turkish finance minister sees balanced growth composition in 2024

Turkish Finance Minister Mehmet Simsek said on Monday the economy's growth composition is expected to be more balanced with less contribution from domestic demand this year.

Alstom closes sale of N.American signalling business to Knorr-Bremse

French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person

India's factory activity growth hits three-month low, PMI shows

India's manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday,

Swiss franc carry trade comes fraught with safe-haven rally risk

As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever

Plotting for payrolls

A look at the day ahead in European and global markets from Wayne Cole.

Key events during China's regulatory scrutiny of Alibaba

China's State Administration of Market Regulation (SAMR) said on Friday that Alibaba Group had completed three years "rectification" following a record $2.75 billion fine levied

UK housing portal Rightmove surges as Murdoch's REA considers bid

REA Group, the property listings company majority owned by News Corp, is considering buying Rightmove to create a global real estate company, the

Shares in Hong Kong's New World Development plunge after loss estimate

Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows

Australian job advertisements fell for a seventh straight month in August, data showed on Monday, as demand for labour continued to ease in the face of high interest rates and a

Dollar eases after hitting highest in two weeks, US job data looms

The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the

Global stocks start September in cautious mood

Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether

Australia home prices nudge higher in August but quarterly pace slows

Australian home prices nudged higher in August, posting a 19th straight monthly rise, though the pace of growth showed some signs of slowing, data showed on Monday.

China clouds global 'Goldilocks' outlook

A look at the day ahead in Asian markets.

Czech finance ministry submits 2025 budget draft to cut deficit by 9%

The Czech Finance Ministry has submitted a 2025 budget draft with a 9% lower deficit to the government, saying it will bring record investments while narrowing the fiscal gap to

China new home prices rise more slowly in August, survey shows

Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of

BRICS New Development Bank authorizes Algeria to join

Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday.

Brazilians face higher power bills due to September's dry season

Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at

New Development Bank approves up to $1 billion loan for water projects in South Africa

The New Development Bank has approved a new loan of up to $1 billion to finance water and sanitation projects among poorer households in South Africa, the bank said in a statement

Silicon Valley Bank exits China joint venture, local partner takes full control

Artisan urges Seven&i for takeover bid update by Sept 19

U.S. fund Artisan Partners Asset Management ramped up pressure on Japan's Seven and i holdings, calling on the board to provide an update on a