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

Finance

Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street slips and breaks an 8-day winning streak

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

Stock market today: Wall Street slips and breaks an 8-day winning streak
Finance|News

Gold extends record rally on dollar weakness, rate-cut bets

Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the

Gold extends record rally on dollar weakness, rate-cut bets
Asia|Business|Finance|Stock Markets

Shares flirt with highs on rate cut bets, US dollar drops

Global stocks hovered near their highest in a month on Tuesday, while the dollar hit an eight-month low, as investors focused on bets that

Shares flirt with highs on rate cut bets, US dollar drops
Asia|Business|Finance

Seven & i shares end lower on regulatory concerns over Couche-Tard bid

Shares in Japan's Seven & i, the owner of 7-Eleven, closed nearly 11% lower on Tuesday as investors weighed up regulatory hurdles to a

Seven & i shares end lower on regulatory concerns over Couche-Tard bid
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Asia|Economy|Finance

China leaves key lending benchmarks unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.

China leaves key lending benchmarks unchanged, as expected
Economy|Finance

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut

The dollar hit a fresh seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut
Africa|Economy|Finance|News

Kenya will reintroduce some tax proposals that sparked deadly protests

Kenya’s new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts

Kenya will reintroduce some tax proposals that sparked deadly protests
Business|Finance

Chinese property developer Kaisa, bondholders agree to restructure offshore debt

Chinese property company Kaisa Group on Tuesday announced an offshore debt restructuring agreement with a key group of bondholders, swapping

Chinese property developer Kaisa, bondholders agree to restructure offshore debt
Economy|Europe|Finance

ECB may need to cut rates again in Sept, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

ECB may need to cut rates again in Sept, Rehn says
Business|Economy|Finance

Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking

Goldman Sachs has hired veteran investment banker Matt Beitzel, who used to lead Citigroup's coverage of North American banks, as a partner in its financial

Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking
Business|Finance

Japan govt to raise long-term rate estimate to 2.1% in FY2025/2026, Nikkei reports

Japan's government plans to raise its long-term interest rate estimate used to compile the state budget to 2.1% for the next fiscal year from the current year's 1.9%, the Nikkei

Japan govt to raise long-term rate estimate to 2.1% in FY2025/2026, Nikkei reports
Asia|Business|Economy|Finance

Markets buoyant, but China rate call

A look at the day ahead in Asian markets.

Markets buoyant, but China rate call
Business|Finance

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay

Pilgrim's Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay
Business|Economy|Election|Finance|News|Technology

Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser

Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle

Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser
Business|Finance|Technology

Palo Alto forecasts annual results above estimates on cybersecurity demand

Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its cybersecurity products as the digital

Palo Alto forecasts annual results above estimates on cybersecurity demand
Business|Finance|Technology

US overnight trading platform Blue Ocean completes fix for capacity issues

Trading platform Blue Ocean Technologies LLC on Monday completed a platform upgrade that will boost capacity several hundredfold, two weeks after its overnight trading

US overnight trading platform Blue Ocean completes fix for capacity issues
Business|Election|Finance|News|Political

Trump pledges to end pollution rule, block steel merger

Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant

Trump pledges to end pollution rule, block steel merger
Asia|Economy|Finance|News

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll

China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll
Americas|Economy|Finance

Mexico inflation likely eased in first half of August: Reuters poll

Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest

Mexico inflation likely eased in first half of August: Reuters poll
Business|Finance

UAW workers at Stellantis could strike over Illinois plant reopening

The United Auto Workers union said on Monday some local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike,

UAW workers at Stellantis could strike over Illinois plant reopening
Business|Finance|Stock Markets

C.H. Robinson diverting some US customers' cargo away from Canadian ports

U.S. freight forwarder C.H. Robinson said on Monday it was diverting some of its U.S. customers' ocean cargo away from Canadian ports as the threat of a rail strike looms.

C.H. Robinson diverting some US customers' cargo away from Canadian ports
Business|Economy|Finance

Investor Carl Icahn charged with hiding billions in loans

Investor Carl Icahn charged with hiding billions in loans

Investor Carl Icahn charged with hiding billions in loans
Business|Finance

US workers more glum on compensation and work prospects, New York Fed says

U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.

US workers more glum on compensation and work prospects, New York Fed says
Business|Economy|Finance

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him

A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has resolved a lawsuit accusing the German bank of

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him

Follow