Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Finance

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say

India's Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say
Asia|Economy|Finance

Investors stick to bets on Japan banks amid rate hike hopes

Japanese banks have attracted larger foreign investment flows than other sectors, as investors see them as top beneficiaries of potential monetary tightening.

Investors stick to bets on Japan banks amid rate hike hopes
Economy|Europe|Finance

Oil slips and equities ease in pre-Fed drift

A look at the day ahead in European and global markets from Tom Westbrook Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock

Oil slips and equities ease in pre-Fed drift
Business|Finance

StanChart unveils record $1.5 billion buyback, boosts income outlook

Standard Chartered (StanChart) announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on

StanChart unveils record $1.5 billion buyback, boosts income outlook
Asia|Business|Finance|Stock Markets

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say

Malaysia's top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say
Business|Economy|Finance

So far, global earnings are just good enough to feel disappointing

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China's economy hurt global consumer sentiment, taking the shine

So far, global earnings are just good enough to feel disappointing
Economy|Finance

BOJ to debate rate hike timing as Fed opens door to cuts

The Bank of Japan will detail plans to taper its huge bond buying and debate the timing of a next interest rate hike on Wednesday, signalling its resolve to steadily

BOJ to debate rate hike timing as Fed opens door to cuts
Economy|Finance

Global stock index dips on earnings and Fed jitters

MSCI's global equities gauge lost ground on Tuesday as investors were jittery ahead of major corporate earnings reports and central bank meetings

Global stock index dips on earnings and Fed jitters
Economy|Finance

Yen gains on reports of possible BOJ hike to 0.25%

The Japanese yen gained on Tuesday on news reports that the Bank of Japan is considering raising rates to 0.25% when it concludes its two-day meeting on Wednesday.

Yen gains on reports of possible BOJ hike to 0.25%
Asia|Economy|Finance

Oil prices slide 1%, settle at 7-week low on China worries

Oil prices slid about 1% to settle at a seven-week low on Tuesday as investors worried that demand from China could be weakening while OPEC+ seems likely to stick

Oil prices slide 1%, settle at 7-week low on China worries
Business|Economy|Finance

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion

Global miner BHP Group and Canada-listed Lundin Mining will jointly take over developer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion
Economy|Finance

IMF approves release of $820 million for Egypt, calls for more reforms

The International Monetary Fund said on Monday it had completed a review allowing Egypt to draw $820 million, saying efforts to restore

IMF approves release of $820 million for Egypt, calls for more reforms
Business|Economy|Finance

Singapore's Temasek plans to invest up to $30 billion in US over next five years

Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such as healthcare, financial services and technology.

Singapore's Temasek plans to invest up to $30 billion in US over next five years
Americas|Economy|Finance

Colombia pitches bulked-up $130 billion government budget for next year

Colombia's government proposed on Monday a 523 trillion peso ($130 billion) 2025 budget to lawmakers for their consideration, the finance ministry said in a

Colombia pitches bulked-up $130 billion government budget for next year
Business|Finance

Renasant to buy First Bancshares in latest US regional bank consolidation

Regional lender Renasant Corp has agreed to buy smaller rival The First Bancshares in an all-stock deal valued at $1.2 billion, the Mississippi-based banks said on Monday.

Renasant to buy First Bancshares in latest US regional bank consolidation
Asia|Economy|Finance

The waiting game ahead of Fed, BOJ

A look at the day ahead in Asian markets.

The waiting game ahead of Fed, BOJ
Business|Economy|Finance

Chesapeake posts quarterly loss on output drop, lower gas prices

Natural gas producer Chesapeake Energy on Monday reported a loss for the second quarter, compared to a year-ago profit, as production declined and prices remained under pressure.

Chesapeake posts quarterly loss on output drop, lower gas prices
Business|Economy|Finance

Wells Fargo must face lawsuit over sham job interviews

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job

Wells Fargo must face lawsuit over sham job interviews
Economy|Finance|News

Poll: U.S. renters see house ownership out of reach

The American dream of owning a house might be out of reach for many, as new poll shows 86% of renters want to buy a house but believe they can’t afford it. CNN’s Matt Egan explains. 

Poll: U.S. renters see house ownership out of reach
Business|Economy|Finance

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar

Investment firm Sixth Street will acquire Enstar for $5.1 billion, in a deal backed by former Treasury Secretary Steven Mnuchin and billionaire J Christopher Flowers, the insurer said on

Sixth Street inks $5.1 billion take-private purchase of insurer Enstar
Economy|Finance

Surging yen upends popular global FX carry trades

A perfect storm of political, policy and technical risks has upended one of the year's most popular currency trades, sending

Surging yen upends popular global FX carry trades
Economy|Finance

UK markets watchdog plans to simplify rules to boost competitiveness

Britain's financial watchdog on Monday launched two reviews of retail conduct and insurance rules to cut costs and improve competitiveness, now that a strict new duty

UK markets watchdog plans to simplify rules to boost competitiveness
Economy|Europe|Finance

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances

Britain's new finance minister, Rachel Reeves, told parliament her Conservative predecessor had left public spending on track to go over budget

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances
Economy|Finance

UK finance minister Rachel Reeves to hold first budget on Oct. 30

British finance minister Rachel Reeves told parliament on Monday that she would hold her first annual budget on Oct. 30, after the Labour Party won a decisive election victory on

UK finance minister Rachel Reeves to hold first budget on Oct. 30
Economy|Finance

Discount window reform bill introduced as Fed works on its own overhaul

Federal Reserve efforts to overhaul a key emergency lending facility historically viewed with anxiety by banks are now being joined by potential congressional action.

Discount window reform bill introduced as Fed works on its own overhaul

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