Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Finance

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis

A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commercial

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis
Economy|Finance|News

PM says Ukraine needs extra $15 billion to cover 2025 budget gap

Prime Minister Denys Shmyhal said on Tuesday that Ukraine needed an extra $15 billion to cover its budget deficit in 2025.

PM says Ukraine needs extra $15 billion to cover 2025 budget gap
Business|Finance|Technology

Sony to raise PlayStation 5 price by 20% in Japan

Sony is raising the price of its PlayStation 5 (PS5) games console in Japan by about 20%, it said on Tuesday, citing a difficult external environment including global economic

Sony to raise PlayStation 5 price by 20% in Japan
Asia|Business|Economy|Finance

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says

Japan's Seven & i Holdings must act fast to negotiate a takeover bid from Canada's Alimentation Couche-Tard that has "historic implications", said a fund manager at shareholder

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says
Business|Finance|Technology

China's low-altitude economy lacks growth roadmap, says industry group

China's nascent low-altitude economy - made up of manned or unmanned aviation services at low elevations - has captured investors' interest but many lack information and guidance

China's low-altitude economy lacks growth roadmap, says industry group
Business|Europe|Finance|Stock Markets

FTSE 100 rises on travel and mining boost; Bunzl hits record high

UK's benchmark FTSE 100 stock index ended higher on Tuesday, led by gains in travel and mining shares, while Bunzl hit a record high after the business

FTSE 100 rises on travel and mining boost; Bunzl hits record high
Asia|Business|Economy|Finance

BOJ to begin initial research to include wage trends to 'tankan'

The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly "tankan" business survey to more accurately reflect wage

BOJ to begin initial research to include wage trends to 'tankan'
Business|Europe|Finance

Travel, banking stocks lift European shares with data in focus

Gains in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious ahead of key economic data later this

Travel, banking stocks lift European shares with data in focus
Asia|Business|Finance|Stock Markets

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading

The Dow Jones Industrial Average inched up to another record high on a mixed day of trading for Wall Street

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading
Asia|Business|Finance

Foreign investors ditch India's pricey stocks, opt for new issues

Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek

Foreign investors ditch India's pricey stocks, opt for new issues
Business|Economy|Finance

Rate-cut relief doused by geopolitics

A look at the day ahead in European and global markets from Ankur Banerjee Optimism over looming U.S. interest rate cuts have been tempered by nervousness over what economic data will show in the

Rate-cut relief doused by geopolitics
Australia|Business|Finance

Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake

Australia's Woodside Energy reported on Tuesday a decline of 14% in half-year profit, hit by lower oil prices, but the result and its dividend beat

Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake
Business|Finance

Australia's Coles beats annual profit view on strong sales, shares rally

Australian grocer Coles reported annual profit ahead of expectations on Tuesday, driven by robust supermarket sales and enhanced inventory control to curb theft-related

Australia's Coles beats annual profit view on strong sales, shares rally
Asia|Business|Economy|Finance|Stock Markets|Technology

Shares climb, oil slips amid Mideast risks and looming Nvidia earnings

A gauge of global shares climbed in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as

Shares climb, oil slips amid Mideast risks and looming Nvidia earnings
Business|Economy|Finance|News

High-tech manufacturing spurs China's July industrial profit growth

China's industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish domestic demand weighed on the recovery in the world's

High-tech manufacturing spurs China's July industrial profit growth
Business|Finance|News

Oil prices fall 2% on economic worries, technical decline

Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged

Oil prices fall 2% on economic worries, technical decline
Business|Economy|Finance

UK shop prices dip for first time in nearly 3 years, survey shows

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday.

UK shop prices dip for first time in nearly 3 years, survey shows
Business|Finance

BHP doubles down on copper growth after better-than-expected profit

BHP Group will focus on growing its copper business through existing and incoming projects after its failed attempt to buy Anglo American, it

BHP doubles down on copper growth after better-than-expected profit
Africa|Economy|Finance

IMF reaches staff-level deal for Liberia on $209 million new credit facility

The International Monetary Fund reached a staff-level agreement for Liberia on a new 40-month extended credit facility arrangement for $209 million, the IMF said in a statement

IMF reaches staff-level deal for Liberia on $209 million new credit facility
Asia|Economy|Finance

Tiptoeing nervously along US rate path

A look at the day ahead in Asian markets.

Tiptoeing nervously along US rate path
Americas|Economy|Finance|World

IMF taps Jamaica finance minister for deputy role

The International Monetary Fund on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded fiscal reforms in the Caribbean

IMF taps Jamaica finance minister for deputy role
Business|Economy|Finance|News

Bank of New York Mellon to pay $5 million over swap reporting, supervision failures, CFTC says

Bank of New York Mellon has agreed to pay $5 million to settle U.S.

Bank of New York Mellon to pay $5 million over swap reporting, supervision failures, CFTC says
Business|Finance|News

US lenders lose court battle over CFPB rule to collect small business data

A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S.

US lenders lose court battle over CFPB rule to collect small business data
Business|Economy|Finance|News

Fed most likely to cut rates by quarter percentage point next month, Daly says

San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in

Fed most likely to cut rates by quarter percentage point next month, Daly says
Business|Finance

JPMorgan Chase is sued over low rates on cash sweeps

JPMorgan Chase has been accused in a new lawsuit of sweeping customers' idle cash into accounts with "unreasonably" low interest rates.

JPMorgan Chase is sued over low rates on cash sweeps

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