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

Finance

Asia|Economy|Finance

Pakistan's finance minister in Beijing to seek debt relief, say sources

Pakistan's Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the

Pakistan's finance minister in Beijing to seek debt relief, say sources
Business|Economy|Finance

Coinbase UK unit fined for breaching financial crime requirements

A Coinbase business in Britain has been fined for breaching a regulatory agreement to improve its defences against financial crime, in the first sanction of its kind in

Coinbase UK unit fined for breaching financial crime requirements
Business|Economy|Finance|News

The US economy is pulling off something historic

The US economy is pulling off something historic

The US economy is pulling off something historic
Business|Economy|Finance

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena

Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Business|Economy|Finance

Carrier's profit beats estimates on price hikes, demand for cooling systems

Carrier Global surpassed analysts' estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air conditioning products

Carrier's profit beats estimates on price hikes, demand for cooling systems
Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes
Business|Entertainment|Finance

Universal Music Group shares drop 30% as streaming growth disappoints

Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second

Universal Music Group shares drop 30% as streaming growth disappoints
Business|Finance|Health

AbbVie lifts 2024 profit forecast, shares hit record high

AbbVie increased its profit forecast for 2024 on Thursday after reporting strong sales of immunology drugs and quarterly results that exceeded Wall Street

AbbVie lifts 2024 profit forecast, shares hit record high
Business|Economy|Finance

Harley-Davidson's profit beats on strong demand for pricier Touring bikes

Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's

Harley-Davidson's profit beats on strong demand for pricier Touring bikes
Business|Economy|Finance

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower second-quarter profit on Thursday, but managed to beat earnings estimates as strong processing volumes offset a slump in margins.

Valero Energy beats estimates, but second-quarter profit falls on weak margins
Economy|Finance|Stock Markets

TSX hits 2-week low as industrials, gold mining shares fall

Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically

TSX hits 2-week low as industrials, gold mining shares fall
Business|Economy|Finance

NYCB posts bigger loss than expected on exposure to office real estate

New York Community Bancorp reported second-quarter loss that was worse than Wall Street's expectations on Thursday, as it set aside more money to cover

NYCB posts bigger loss than expected on exposure to office real estate
Business|Economy|Finance

American Airlines cuts annual profit forecast as sales strategy backfires

American Airlines on Thursday cut its annual profit forecast, citing its previous sales and distribution strategy that drove away corporate

American Airlines cuts annual profit forecast as sales strategy backfires
Business|Finance

Barclays reaps hedge fund riches in battle of the prime brokers

Barclays is winning business from its top Wall Street rivals in prime brokerage, a lucrative investment banking battleground where lenders are

Barclays reaps hedge fund riches in battle of the prime brokers
Business|Finance|Technology

GM co-leads $39 million funding for EV battery materials startup Addionics

Israeli battery technology company Addionics has raised $39 million from investors including General Motors' venture capital arm to help commercialise its copper and

GM co-leads $39 million funding for EV battery materials startup Addionics
Business|Economy|Finance|Technology

Global tech outage to cost Air France KLM close to $11 million, says CFO

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

Global tech outage to cost Air France KLM close to $11 million, says CFO
Economy|Finance|Stock Markets

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain

The S&P 500 and Nasdaq Composite ended a fickle session weaker on Thursday, failing to regain ground lost in the previous day's tech-triggered sell-off as investors grappled

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain
Business|Economy|Finance

Lazard swings to profit on investment banking rebound, beats estimates

Lazard swung to a profit in the second quarter, exceeding analysts' expectations as dealmaking surged.

Lazard swings to profit on investment banking rebound, beats estimates
Business|Economy|Finance

Bombardier's second-quarter results beat on higher jet deliveries

Bombardier beat analysts' estimates for second-quarter results on Thursday, helped by higher plane deliveries and stronger sales in the Canadian business jet maker's services business.

Bombardier's second-quarter results beat on higher jet deliveries
Economy|Finance

Global investors scramble to dodge US election curveballs

Investors are scrambling to shore up global portfolios against wild market swings ahead of the Nov.

Global investors scramble to dodge US election curveballs
Economy|Finance|Technology

Ether set for biggest daily fall in three months, no US ETF bounce

Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week's launch of the first U.S. exchange

Ether set for biggest daily fall in three months, no US ETF bounce
Asia|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
Business|Economy|Finance

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

Nissan has lowered its full fiscal year outlook after the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
Business|Economy|Finance|Stock Markets

Ford slips as higher costs, EV unit take a toll on profit growth

Ford Motor's shares tumbled over 13% to a near six-month low on Thursday after the automaker missed second-quarter profit estimates, as it struggles with quality-related

Ford slips as higher costs, EV unit take a toll on profit growth
Business|Economy|Finance

Nestle, Unilever sales disappoint as consumers hunt for value

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers.

Nestle, Unilever sales disappoint as consumers hunt for value

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