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

Finance

Americas|Economy|Finance

Venezuela's sovereign, PDVSA bonds drop after contested election result

Venezuela's bonds and those of state oil firm PDVSA fell deeper into distressed territory on Monday after both President Nicolas Maduro and

Venezuela's sovereign, PDVSA bonds drop after contested election result
Business|Finance|Health

RSV vaccine makers vying for market share in second year of shots

Pfizer's, GSK's and Moderna's competition for arms for their new respiratory syncytial virus (RSV) vaccines is on Wall Street's watch list for when the companies report

RSV vaccine makers vying for market share in second year of shots
Business|Economy|Finance

Ola Electric to raise $734 million in India's biggest IPO this year

Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to

Ola Electric to raise $734 million in India's biggest IPO this year
Business|Economy|Finance

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million

-U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Business|Finance

Hong Kong's New World secures two yuan loans to lower funding costs, source says

Hong Kong property developer New World Development this month secured two onshore loans totalling 1.4 billion yuan ($193 million) as it seeks to further lower funding

Hong Kong's New World secures two yuan loans to lower funding costs, source says
Economy|Finance|Lifestyle|Travel

‘I don’t have a budget’: Why people are going into debt to travel

‘I don’t have a budget’: Why people are going into debt to travel

‘I don’t have a budget’: Why people are going into debt to travel
Election|Finance|Stock Markets

US-listed crypto stocks retreat following Trump-fueled spike

Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June.

US-listed crypto stocks retreat following Trump-fueled spike
Economy|Finance|News

Calmer, but for how long?

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets Things are feeling calmer on Monday morning, though we will see how long that

Calmer, but for how long?
Economy|Finance|Stock Markets

S&P 500 barely rises as investors await key results, jobs data, Fed meeting

The S&P 500 closed barely higher after Monday's choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a

S&P 500 barely rises as investors await key results, jobs data, Fed meeting
Economy|Finance

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Finance|Health

Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

Abbott Laboratories' shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to pay $495 million in damages

Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser
Economy|Finance

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Economy|Finance

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Economy|Finance

Economic uncertainties still prevent rate cut in Brazil, official says

The global economic uncertainties that led Brazil's central bank to halt its monetary easing cycle have persisted, preventing an interest

Economic uncertainties still prevent rate cut in Brazil, official says
Economy|Finance

US yield curve nears flip with jury out on recession signal

The longest and deepest U.S. Treasury yield curve inversion in history, a key bond market signal of an upcoming recession, could be nearing its end.

US yield curve nears flip with jury out on recession signal
Economy|Finance|Stock Markets|Technology

US stock turbulence throws spotlight on Big Tech's valuations

A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for

US stock turbulence throws spotlight on Big Tech's valuations
Business|Europe|Finance|Stock Markets

Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says

Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a

Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says
Business|Economy|Finance

Cost savings drive Philips' profit beat, flags insurance payout

Philips reported second-quarter results that exceeded analysts' expectations on Monday thanks to cost savings, partly from job cuts,

Cost savings drive Philips' profit beat, flags insurance payout
Economy|Finance

Ethiopia's birr drops 30% as central bank floats currency

Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a

Ethiopia's birr drops 30% as central bank floats currency
Asia|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly decline ahead of central bank meetings

Asian shares are mostly declining in cautious trading ahead of central bank meetings around the world

Stock market today: Asian shares mostly decline ahead of central bank meetings
Asia|Business|Finance|Stock Markets

Mitsubishi Motors' shares up on reports it will join Honda-Nissan partnership

Shares in Mitsubishi Motors surged on Monday following media reports that the Japanese automaker is in talks to join Nissan's and Honda's planned strategic partnership.

Mitsubishi Motors' shares up on reports it will join Honda-Nissan partnership
Asia|Business|Economy|Finance

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units

Shares of China Evergrande New Energy Vehicle fell 7% in Monday morning trade after individual creditors of two of its units sought court approval for the units to go through

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units
Economy|Finance

Dollar trades sideways as markets wait for central bank, economic news

The dollar held steady on Monday as traders braced for an avalanche of market events featuring midweek policy

Dollar trades sideways as markets wait for central bank, economic news
Asia|Economy|Finance

World stocks gain, US yields fall at start of jam-packed week

Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central

World stocks gain, US yields fall at start of jam-packed week
Business|Economy|Finance

South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation

South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms and the Singapore-

South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation

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