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

Finance

Business|Finance

Owner of the 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard

The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard

Owner of the 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard
Economy|Europe|Finance|News|World

What is G7's plan for financial aid to Ukraine?

The Group of Seven (G7) rich democracies agreed in June to use proceeds from frozen Russian assets to give Ukraine $50 billion in loans, aiming to ensure Kyiv can continue its fight

What is G7's plan for financial aid to Ukraine?
Business|Finance

Oil producer APA explores $1-billion sale of Permian assets, sources say

APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be

Oil producer APA explores $1-billion sale of Permian assets, sources say
Business|Economy|Finance

Icahn settles with US SEC over alleged disclosure failures

Billionaire investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges that for years he failed to disclose pledging the majority of the firm's

Icahn settles with US SEC over alleged disclosure failures
Business|Finance

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions
Business|Economy|Finance|Technology

GM lays off over 1,000 salaried software, services employees

General Motors said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.

GM lays off over 1,000 salaried software, services employees
Business|Economy|Finance

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i

Canada's Alimentation Couche-Tard confirmed on Monday it has made an offer to buy Japan's Seven & i.

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i
Business|Economy|Finance

Physical buyers win battle for copper market as funds retreat

Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer China

Physical buyers win battle for copper market as funds retreat
Business|Finance

Estee Lauder forecasts bleak annual results; CEO Freda to depart

Estee Lauder forecast annual profit and sales below estimates as the global beauty market struggles with slowing demand mainly in the China market and said CEO

Estee Lauder forecasts bleak annual results; CEO Freda to depart
Economy|Finance

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports

Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
Business|Economy|Finance|Stock Markets

Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed's Jackson Hole

Greenback in the red as Jackson Hole looms
Business|Finance

Southwest digs in for boardroom battle with Elliott

Southwest Airlines is girding itself for a fight with Elliott Investment Management, rallying support from investors and employees to face

Southwest digs in for boardroom battle with Elliott
Business|Finance|Stock Markets

Hedge funds sell planes, trains, automobiles; buy energy stocks, says Goldman

Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen

Hedge funds sell planes, trains, automobiles; buy energy stocks, says Goldman
Business|Finance|Stock Markets

Wall St ends higher, extending rally ahead of Jackson Hole

U.S. stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the

Wall St ends higher, extending rally ahead of Jackson Hole
Finance

US regional bank deals rise as lenders aim to bolster balance sheets

Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a

US regional bank deals rise as lenders aim to bolster balance sheets
Economy|Finance|News

Beryl-battered Grenada becomes first to use government bond hurricane clause

Grenada has become the first country in the world to use a so-called hurricane clause in a government bond - a special feature that allows authorities to postpone debt

Beryl-battered Grenada becomes first to use government bond hurricane clause
Economy|Finance|News|Stock Markets

Gulf bourses end mixed on US rate-cut hopes, weak oil demand

Stock markets in the Gulf ended mixed on Monday on rising expectations of a U.S. interest rate cut next month, and amid weak oil demand.

Gulf bourses end mixed on US rate-cut hopes, weak oil demand
Business|Europe|Finance|Stock Markets

European shares notch broad-based gains; defence stocks lag

European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S.

European shares notch broad-based gains; defence stocks lag
Business|Finance|Stock Markets

FTSE 100 ends higher on miners boost, rates optimism

London stocks ended higher on Monday, boosted by a rise in metal mining shares as prices of most base and precious metals advanced, while homebuilder

FTSE 100 ends higher on miners boost, rates optimism
Business|Finance|Stock Markets

Canada's Couche-Tard makes preliminary takeover bid for Japan's Seven & i

Canada's Alimentation Couche-Tard has sounded out Japan's Seven & i about a potential takeover, the two companies said on Monday, making

Canada's Couche-Tard makes preliminary takeover bid for Japan's Seven & i
Business|Economy|Finance|News

Goldman Sachs lowers odds of US recession to 20% from 25%

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports.

Goldman Sachs lowers odds of US recession to 20% from 25%
Business|Economy|Finance

Lendlease reports $1 billion loss amid strategy shift, regulatory delays

Australia's Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in

Lendlease reports $1 billion loss amid strategy shift, regulatory delays
Business|Europe|Finance

The softest of soft landings

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

The softest of soft landings
Americas|Asia|Business|Finance|Stock Markets

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year

U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year
Asia|Economy|Finance

Yuan up as dollar wobbles ahead of Jackson Hole

The yuan headed for its sharpest gain in two weeks on Monday, riding a wave of broad dollar selling as investors bet on U.S. rate cuts, but slid against a resurgent yen.

Yuan up as dollar wobbles ahead of Jackson Hole

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