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

Finance

Economy|Finance|Technology

Central bank digital currency momentum growing, study shows

A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and

Central bank digital currency momentum growing, study shows
Asia|Business|Finance|Stock Markets

Midea's strong Hong Kong debut after $4 billion listing boosts outlook

Midea Group rose as much as 9.5% on its Hong Kong trading debut after the Chinese home appliances maker raised nearly $4 billion in the city's largest

Midea's strong Hong Kong debut after $4 billion listing boosts outlook
Business|Finance|Technology

Trump offers little detail at crypto business unveiling

Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X

Trump offers little detail at crypto business unveiling
Business|Finance

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event

Republican presidential nominee Donald Trump has launched his family’s cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event
Business|Economy|Finance|News

Oil prices settle up on supply shocks, prospect of US interest rate cuts

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S.

Oil prices settle up on supply shocks, prospect of US interest rate cuts
Asia|Business|Economy|Finance

Stocks end nearly flat, dollar firms before Fed rate decision

U.S. stock markets ended nearly flat after hitting record highs on Tuesday and the dollar stood firm as strong economic data allayed slowdown fears and investors

Stocks end nearly flat, dollar firms before Fed rate decision
Asia|Business|Economy|Finance

Japan will continue to assess economic impact of stronger yen, finance minister says

Japan Finance Minister Shunichi Suzuki said on Tuesday the government will continue to analyse the impact of the strengthening yen on the economy and respond appropriately.

Japan will continue to assess economic impact of stronger yen, finance minister says
Business|Economy|Finance

US dollar strengthens ahead of expected Fed rate cut

The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive

US dollar strengthens ahead of expected Fed rate cut
Economy|Finance

Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes

Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the U.S.

Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
Economy|Europe|Finance

London's high-end property market cools on worries about tax hit

Demand for London's most expensive homes cooled last month as high earners worried about the possibility of tax increases by Britain's new centre-left government, a property data

London's high-end property market cools on worries about tax hit
Business|Economy|Finance|News

As Fed cuts loom, health of US economy could determine markets' path

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle

As Fed cuts loom, health of US economy could determine markets' path
Business|Finance|News

Investors turned more bearish on oil last week than ever

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak

Investors turned more bearish on oil last week than ever
Business|Finance|Technology

Microsoft approves new $60 billion share buyback program

Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.

Microsoft approves new $60 billion share buyback program
Americas|Business|Finance

First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say

Canadian miner First Quantum Minerals has opened a voluntary retirement scheme to workers at the Cobre Panama mine, two sources familiar with the

First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say
Business|Finance

Top commercial lenders join G7 central bank-dominated digital currency trial

Forty of the world's leading commercial banks have joined a G7-dominated pilot scheme with the New York Fed and leading central banks from Europe, Korea and Japan for a new digital

Top commercial lenders join G7 central bank-dominated digital currency trial
Business|Finance

BofA appoints Citi's Okpara as accounting chief

Bank of America has hired Citigroup's former Chief Accounting Officer Johnbull Okpara to the same role, according to a memo seen by Reuters.

BofA appoints Citi's Okpara as accounting chief
Asia|Business|Economy|Finance|News

Dovish Fed eyed, China's deflationary forces intensify

A look at the day ahead in Asian markets.

Dovish Fed eyed, China's deflationary forces intensify
Business|Finance|Technology

Colombia's Rappi could be ready for IPO in 12 months, cofounder says

Colombian startup Rappi, which is backed by Japan's SoftBank, could be ready to launch an initial public offering on the New York Stock Exchange within 12 months, cofounder Simon

Colombia's Rappi could be ready for IPO in 12 months, cofounder says
Business|Election|Finance|News

Betting on elections threatens confidence in voting and should be banned, US agency says

The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States

Betting on elections threatens confidence in voting and should be banned, US agency says
Business|Finance

Strike could cost Boeing $100 million-plus in daily revenue, analysts say

Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday.

Strike could cost Boeing $100 million-plus in daily revenue, analysts say
Business|Finance

Bank of America names co-leaders for initiative linking investment bank, wealth units

Bank of America named co-leaders for the initiative on increased connectivity between its investment bank and wealth management units, according to an internal memo seen by Reuters on

Bank of America names co-leaders for initiative linking investment bank, wealth units
Business|Finance|Technology

Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say

Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-

Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say
Business|Economy|Finance|News

Fed rate cuts will not be as deep as the market expects, says BlackRock

The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky, the BlackRock

Fed rate cuts will not be as deep as the market expects, says BlackRock
Business|Europe|Finance

Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service

Italy's competition watchdog said on Monday a planned tie-up between Swisscom's and Vodafone's Italian units could pose a threat to competition in the country's fixed-line

Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service
Economy|Finance|News

White House's Brainard says US inflation at turning point, focus should shift to jobs

Top White House economic adviser Lael Brainard declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to focus

White House's Brainard says US inflation at turning point, focus should shift to jobs

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