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

Finance

Asia|Europe|Finance|Stock Markets

BOJ saves the day

A look at the day ahead in European and global markets from Stella Qiu. Is the Bank of Japan taking the mantle of market saviour from the Fed? Nikkei investors sure hope so.

BOJ saves the day
Australia|Crime|Finance|News

'Bluey' coins worth $400,000 stolen by Australian warehouse worker, police say

An Australian man is set to appear in court on Wednesday after being arrested for the alleged theft of more than A$600,000 ($393,000) worth of commemorative coins

'Bluey' coins worth $400,000 stolen by Australian warehouse worker, police say
Business|Economy|Finance

China Evergrande's liquidators initiate legal action against PwC, FT reports

Liquidators of troubled property giant China Evergrande Group have started legal action against PricewaterhouseCoopers, accusing it of "negligence" and "misrepresentation" in its work for

China Evergrande's liquidators initiate legal action against PwC, FT reports
Asia|Economy|Finance|News

Japan govt spokesperson says no change in policy promoting investments over savings

Japan's top government spokesperson said on Wednesday there was no change to the government policy of promoting the public's shift from savings to investments despite recent volatile

Japan govt spokesperson says no change in policy promoting investments over savings
Asia|Business|Finance|Stock Markets

Japanese shares end choppy day higher as BOJ deputy seeks to soothe markets

Japanese shares ended higher on Wednesday in a rollercoaster week of double-digit losses and gains that led the Bank of Japan's deputy governor to reassure investors

Japanese shares end choppy day higher as BOJ deputy seeks to soothe markets
Economy|Finance

Panama govt opens door for financing for up to $9 billion

Panama's government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama's council of ministers said in a statement.

Panama govt opens door for financing for up to $9 billion
Business|Economy|Finance

BOJ deputy governor plays down chance of near-term rate hike, yen slumps

The Bank of Japan's influential deputy governor said on Wednesday the central bank will not hike interest rates when markets are unstable, playing down the

BOJ deputy governor plays down chance of near-term rate hike, yen slumps
Finance|News

Yen tumbles as BOJ downplays chance of hikes, calming markets

The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a

Yen tumbles as BOJ downplays chance of hikes, calming markets
Asia|Business|Finance|Stock Markets

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases

Wall Street equity indexes closed lower after Wednesday's choppy session while a bond auction pushed Treasury yields higher and the dollar rose

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases
Business|Finance

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows

Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows
Economy|Finance

RBI's firm grip to keep rupee anchored in narrow range: Reuters poll

The outlook for the Indian rupee has barely changed from last month as the Reserve Bank of India's interventions keep the currency, deemed

RBI's firm grip to keep rupee anchored in narrow range: Reuters poll
Economy|Finance|News

Japan's April yen-buying intervention sets new daily record

Japan said on Wednesday that it conducted a record single-day yen-buying intervention in April, selling 5.92 trillion yen ($40.83 billion) worth of dollars in a

Japan's April yen-buying intervention sets new daily record
Asia|Business|Economy|Election|Finance

Japan premier candidate Ishiba endorses BOJ's rate hikes

A prime potential candidate for Japan's next prime minister endorsed the Bank of Japan's policy of gradually raising interest rates, saying

Japan premier candidate Ishiba endorses BOJ's rate hikes
Business|Finance

BlackRock, Nasdaq seek rule change to list options on spot ethereum ETFs

BlackRock and exchange operator Nasdaq have proposed a rule change to list and trade options for the asset manager's spot ethereum exchange-traded fund, according to a regulatory filing on

BlackRock, Nasdaq seek rule change to list options on spot ethereum ETFs
Economy|Finance

UK should double public investment to boost growth, think tank says

Britain needs to spend an extra 50 billion pounds ($64 billion) a year on public investment to boost productivity and long-run growth, largely funded by public

UK should double public investment to boost growth, think tank says
Business|Finance|Technology

Illumina expects full-year sales from core segment to decline on biotech funding crunch

Gene sequencing machine maker Illumina on Tuesday forecast 2024 sales from its core segment to decline, a sign that subdued demand for its instruments used in genetic tests could extend

Illumina expects full-year sales from core segment to decline on biotech funding crunch
Business|Economy|Finance

Bridgewater says sell-off in Japan's stocks is overdone

Bridgewater Associates said in a commentary sent to investors on Tuesday that it believes the sell-off in Japan's equities the previous day was exaggerated and

Bridgewater says sell-off in Japan's stocks is overdone
Economy|Finance

IMF reports progress in El Salvador talks, flags Bitcoin risks

The International Monetary Fund (IMF) on Tuesday said progress had been made in negotiations with El Salvador toward a fund-supported program with the Central American nation, though issues

IMF reports progress in El Salvador talks, flags Bitcoin risks
Business|Finance

Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand

VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up

Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
Americas|Business|Finance

Lender Itau Unibanco reports higher profit, credit acceleration

Brazil's Itau Unibanco, Latin America's largest private lender, on Tuesday posted second-quarter profit that was up 15.2% from a year earlier, boosted by higher revenues and lower

Lender Itau Unibanco reports higher profit, credit acceleration
Asia|Business|Economy|Finance

Morning Bid:'Turnaround Tuesday' soothes nerves ... for now

A look at the day ahead in Asian markets. 

Morning Bid:'Turnaround Tuesday' soothes nerves ... for now
Business|Finance|Health

DaVita lifts annual profit forecast on strong kidney dialysis services demand

Healthcare company DaVita raised its 2024 profit forecast on Tuesday expecting strong demand for its kidney dialysis services, sending shares of the company up 3% in aftermarket trade.

DaVita lifts annual profit forecast on strong kidney dialysis services demand
Business|Finance|Technology

Computer parts maker Logitech appoints Matteo Anversa as CFO

Computer accessories maker Logitech International said on Tuesday it has appointed Matteo Anversa as its chief financial officer, effective Sept. 1.

Computer parts maker Logitech appoints Matteo Anversa as CFO
Business|Finance|Technology

Airbnb's second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings

Airbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant’s bottom line even as bookings and revenue rose

Airbnb's second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings
Business|Finance|Technology

Reddit forecasts quarterly revenue above estimates on strong ad spend

Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social media

Reddit forecasts quarterly revenue above estimates on strong ad spend

Follow