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

Finance

Finance|Stock Markets

Relentless rally pauses for breath

A look at the day ahead in U.S. and global markets by Samuel Indyk The relentless recovery in the S&P 500 from early August's post-payrolls trough finally took a pause on Tuesday after eight straight

Relentless rally pauses for breath
Business|Finance

Target raises 2024 profit forecast as price cuts draw shoppers

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by

Target raises 2024 profit forecast as price cuts draw shoppers
Business|Economy|Finance|News

Pakistan is making good progress with IMF for board approval, finance minister says

Pakistan is making good progress with the International Monetary Fund and hopes to get board approval in September for a new $7 billion loan programme, Pakistan's

Pakistan is making good progress with IMF for board approval, finance minister says
Business|Economy|Finance

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up

Canada's big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up
Business|Finance|Technology

Xiaomi Q2 revenue beats estimate, reveals auto unit sales

China's Xiaomi Corp on Wednesday reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit's contribution of 6.2 billion yuan

Xiaomi Q2 revenue beats estimate, reveals auto unit sales
Economy|Europe|Finance

Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have

Euro, now a safer bet, emerges a winner from market turmoil
Business|Finance|Stock Markets

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes

U.S. stocks advanced on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
Business|Finance

Britain's insurers told to demonstrate better value for customers

Some of Britain's car, home and other insurers are still unable to show they provide good outcomes for consumers, the country's financial watchdog said on Wednesday, a

Britain's insurers told to demonstrate better value for customers
Business|Economy|Finance

Indonesia central bank keeps rates steady, focuses on stabilizing the rupiah

Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly

Indonesia central bank keeps rates steady, focuses on stabilizing the  rupiah
Business|Economy|Finance

London's FTSE 100 inches up ahead of Fed meeting minutes

London's FTSE 100 ended slightly higher on Wednesday, as traders remained cautious ahead of release of the Federal Reserve's July meeting minutes and

London's FTSE 100 inches up ahead of Fed meeting minutes
Business|Economy|Europe|Finance

Auto leads European shares higher, Fed minutes in focus

European shares edged up on Wednesday, led by automobile stocks, while investors awaited the minutes of the U.S.

Auto leads European shares higher, Fed minutes in focus
Economy|Finance

Thai central bank holds key rate as it waits for stimulus clarity

Thailand's central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday, saying the current level was

Thai central bank holds key rate as it waits for stimulus clarity
Asia|Finance

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Business|Economy|Finance

Rupee ends lower, logs worst single-day fall in nearly two months

The Indian rupee dropped on Wednesday to log its worst single-day performance in nearly two months as dollar demand from importers and foreign banks wiped off

Rupee ends lower, logs worst single-day fall in nearly two months
Business|Economy|Finance|Technology

Swiss launch instant payments to catch up with Europe

Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are

Swiss launch instant payments to catch up with Europe
Americas|Business|Election|Finance

As Democrats gather, investors gauge market impact from a Harris administration

Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits through

As Democrats gather, investors gauge market impact from a Harris administration
Asia|Business|Economy|Finance

Hong Kong bourse logs first profit rise in three quarters, IPOs pick up

Hong Kong's bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading

Hong Kong bourse logs first profit rise in three quarters, IPOs pick up
Europe|Finance|Stock Markets

Jobs in focus after the rebound

A look at the day ahead in European and global markets from Tom Westbrook Markets' sparkling recovery from early August's sell-off has hit an air pocket, with Asian shares down on Wednesday and

Jobs in focus after the rebound
Economy|Finance|News

BOJ to raise rates again by end-year, say 57% of economists - Reuters poll

The Bank of Japan will raise interest rates again by year-end, according to more than half the economists in a Reuters poll published on Wednesday, with those who

BOJ to raise rates again by end-year, say 57% of economists - Reuters poll
Economy|Finance

Thai economy is nearly in crisis, caretaker finance minister says

Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country's caretaker finance minister said on Wednesday.

Thai economy is nearly in crisis, caretaker finance minister says
Asia|Business|Economy|Finance

Wall Street muted as investors look to Fed to confirm rate cuts

Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited confirmation that the U.S.

Wall Street muted as investors look to Fed to confirm rate cuts
Asia|Australia|Business|Finance|Food|Stock Markets

Domino's Australia franchise slumps 7% as high costs take larger slice of profit

Shares in Australia-based Domino's Pizza Enterprises Ltd slumped more than 7% on Wednesday, after the franchise operator flagged a weak start to fiscal 2025, as rising costs and frugal

Domino's Australia franchise slumps 7% as high costs take larger slice of profit
Australia|Business|Economy|Finance|News

Australia's central bank faces crunch time in resistance to rate cuts

Australia's central bank is set to come under intense pressure to ease policy in coming weeks as government giveaways to alleviate the cost of living pull consumer

Australia's central bank faces crunch time in resistance to rate cuts
Economy|Finance

Dollar drops as jobs revised lower, some Fed officials wanted July cut

The dollar fell to a more than one-year low against the euro and sterling on Wednesday after data showed employers added 818,000 fewer jobs in the year to March than

Dollar drops as jobs revised lower, some Fed officials wanted July cut
Asia|Business|Finance|Stock Markets

Japan's Nikkei seen hitting all-time high by end-2025 - Reuters poll

Japan's Nikkei 225 share average will extend its recovery from the worst sell-off in 37 years during the rest of 2024 before pushing to an all-time high by the end

Japan's Nikkei seen hitting all-time high by end-2025 - Reuters poll

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