Today: September 19, 2024
Today: September 19, 2024

Finance

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Bangladesh says World Bank pledges over $2 billion for reforms

Bangladesh said on Tuesday the World Bank has committed to providing over $2 billion in new financing this fiscal year to support the country's ongoing reform efforts,

Bangladesh says World Bank pledges over $2 billion for reforms
Economy|Finance

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says

Market expectations of substantial U.S. rate cuts this year are making short-dated debt unattractive as the Federal Reserve is unlikely to be as aggressive in easing

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
Business|Finance|Technology

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Business|Celebrity|Entertainment|Finance|Technology

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?

Donald Trump should have the opportunity starting Thursday to sell his shares in Trump Media & Technology Group, the company behind the Truth Social platform

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
Business|Economy|Finance

Global defensive sector funds see surge in inflows on slowdown fears

Global defensive sector funds are in demand from investors as concerns about a slowdown in the U.S. economy forces them to seek assets such as consumer staples and utilities stocks that

Global defensive sector funds see surge in inflows on slowdown fears
Business|Europe|Finance

Big Tech, calls for looser rules await new EU antitrust chief

Teresa Ribera will have to square up to Big Tech, banks and airlines if confirmed as Europe's new antitrust chief, while juggling calls for looser rules to help

Big Tech, calls for looser rules await new EU antitrust chief
Business|Economy|Finance|News|Stock Markets

S&P 500 ends little changed as early gains fade before Fed decision

U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors

S&P 500 ends little changed as early gains fade before Fed decision
Business|Economy|Finance|News

US retailer holiday hiring set to be lower than last year

U.S. retailers will hire fewer seasonal workers this holiday season than last year due to a softer labor market and tighter consumer spending heading into the crucial

US retailer holiday hiring set to be lower than last year
Economy|Finance

Bond investors debate recession risks with Fed easing finally at hand

Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut

Bond investors debate recession risks with Fed easing finally at hand
Europe|Finance

Five questions for France's next finance minister

Once appointed, French Prime Minister Michel Barnier's new finance minister must lose no time coming up with a 2025 budget that could make or break the incoming government.

Five questions for France's next finance minister
Africa|Economy|Finance

Concerns mount over Senegal fiscal shortfalls ahead of election

Senegal's slower economic growth, its widening fiscal deficit and a potential delay in International Monetary Fund financing could cloud the outlook ahead of Nov.

Concerns mount over Senegal fiscal shortfalls ahead of election
Europe|Finance|News

Sweden to boost defence spending by $1.3 billion in 2025

NATO's newest member Sweden plans to raise its defence spending by 13 billion crowns ($1.3 billion) in the state budget for 2025 to a total of 138 billion, Defence Minister Pal

Sweden to boost defence spending by $1.3 billion in 2025
Asia|Economy|Finance

Indonesia parliamentary body approves higher spending for incoming govt

Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is

Indonesia parliamentary body approves higher spending for incoming govt
Business|Entertainment|Finance

UMG, Taylor Swift's music label, sees higher profit, helped by superfans

Universal Music Group said on Tuesday it expects annual core profit growth of more than 10% through 2028 on higher subscription revenue, expanded partnerships, and boosted by the superfans

UMG, Taylor Swift's music label, sees higher profit, helped by superfans
Africa|Economy|Finance

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
Business|Finance|Stock Markets

FTSE 100 hits two-week high, Kingfisher surges

The FTSE 100 rose to a two-week high on Tuesday, lifted by a rise in retailer and personal goods shares, while investors prepared for central bank

FTSE 100 hits two-week high, Kingfisher surges
Economy|Europe|Finance

BNP Paribas says euro could rise, not fall, if recession hits

BNP Paribas Markets 360 reckons the euro could rally against the dollar if there is a global recession, marking a break with past trading dynamics.

BNP Paribas says euro could rise, not fall, if recession hits
Business|Finance|Stock Markets

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal

Flutter said on Tuesday it would buy Italy's Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech,

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal
Africa|Economy|Finance

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year

Kenya's finance ministry forecasts a fall in the budget deficit to 3.5% of gross domestic product (GDP) in the 2025/26 fiscal year that starts next July, from 4.3% of GDP in the

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year
Business|Economy|Europe|Finance

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision

Europe's STOXX 600 recorded its highest closing level in two-weeks on Tuesday, as global markets remained upbeat on the prospects of the U.S.

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision
Economy|Finance

Rate-cut fever boosts investor sentiment in September, BofA survey shows

Global investor sentiment improved in September for the first time since June on optimism over a soft landing and interest rate cuts by the U.S.

Rate-cut fever boosts investor sentiment in September, BofA survey shows
Business|Economy|Finance

India's August wholesale inflation cools to 1.31% as global oil prices fall

India's wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and

India's August wholesale inflation cools to 1.31% as global oil prices fall
Asia|Business|Economy|Finance

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
Asia|Business|Europe|Finance|Stock Markets

Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the yen's low-

Yen's big week begins
Business|Finance|Technology

Pentagon awards rocket motor maker Ursa Major $12.5 million

U.S. rocket propulsion startup Ursa Major said on Tuesday it was awarded a $12.5 million contract to build out production and testing for new solid fuel rocket

Pentagon awards rocket motor maker Ursa Major $12.5 million

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