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

Finance

Economy|Finance

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says

The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency "competitive," BofA

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
Business|Economy|Finance|Health

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products

Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products
Business|Economy|Finance

Julius Baer shares slide on profit miss, tepid cash inflows

Swiss private bank Julius Baer's shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows from

Julius Baer shares slide on profit miss, tepid cash inflows
Business|Finance|Health

Roche lifts 2024 profit guidance on strong drug sales

Roche on Thursday raised its full-year earnings forecast after exceeding expectations for the first half, driven by strong demand for newer drugs such as eye

Roche lifts 2024 profit guidance on strong drug sales
Economy|Finance|Stock Markets

Megacap stock selloff shows investor concerns about too much tech

A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street's vulnerability to any weakness

Megacap stock selloff shows investor concerns about too much tech
Economy|Europe|Finance|Stock Markets

Stock rout spreads beyond tech

A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts

Stock rout spreads beyond tech
Asia|Economy|Finance

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Asia|Economy|Finance

China central bank surprises by lending again at lower rates

China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are

China central bank surprises by lending again at lower rates
Business|Finance|Technology

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first
Asia|Finance|Stock Markets|Technology

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar

World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar
Asia|Economy|Finance

Chinese banks cut deposit rates to relieve squeezed margins

Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending

Chinese banks cut deposit rates to relieve squeezed margins
Economy|Finance

Japanese officials quiet on forex as yen sharply rebounds

Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the

Japanese officials quiet on forex as yen sharply rebounds
Asia|Economy|Finance

China central bank unexpectedly conducts medium-term loan operation, cuts interest rate

China's central bank unexpectedly conducted a medium-term lending facility (MLF) operation on Thursday and cut the interest rate, following a string of other rate reductions

China central bank unexpectedly conducts medium-term loan operation, cuts interest rate
Asia|Economy|Finance

Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize

The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next

Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize
Business|Finance|Health

Australia's Mayne Pharma sues Indian drugmaker Sun Pharma over patent infringement

Mayne Pharma has filed a lawsuit against India's Sun Pharma over infringements of patents related to a certain product used for menopause-related vaginal pain, the Australian drugmaker said

Australia's Mayne Pharma sues Indian drugmaker Sun Pharma over patent infringement
Australia|Economy|Finance

Australia's ANZ fires staff amid multiple dealing room investigation

Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an

Australia's ANZ fires staff amid multiple dealing room investigation
Business|Crime|Finance

Boeing finalizes 737 MAX guilty plea deal, US outlines reasons

Boeing finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021

Boeing finalizes 737 MAX guilty plea deal, US outlines reasons
Economy|Finance

G20 to back progressive taxation, without endorsing 'billionaire tax,' sources say

G20 finance leaders meeting in Brazil are preparing a joint statement for Thursday in support of progressive taxation that will stop short

G20 to back progressive taxation, without endorsing 'billionaire tax,' sources say
Business|Finance|Stock Markets

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024

Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024
Asia|Economy|Finance|Stock Markets

A megacap tsunami coming your way

A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out.

A megacap tsunami coming your way
Americas|Economy|Environment|Finance

Brazil, US to unveil climate transition initiative, Brazil's finance minister says

Brazil and the United States will unveil a joint climate transition initiative, Brazilian Finance Minister Fernando Haddad said on Wednesday, after earlier meeting with U.S.

Brazil, US to unveil climate transition initiative, Brazil's finance minister says
Business|Economy|Finance

Ameriprise Financial's profit jumps on fee income strength

Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.

Ameriprise Financial's profit jumps on fee income strength
Business|Economy|Finance

United Rentals posts higher second-quarter profit on equipment demand

Equipment rental firm United Rentals posted a 7.6% rise in second-quarter profit on Wednesday, backed by robust demand for industrial tools and higher rental rates.

United Rentals posts higher second-quarter profit on equipment demand
Economy|Finance|Stock Markets

'Fear gauge' hits three-month high as US stocks sell off

A hefty U.S. stocks sell-off sent Wall Street's most watched gauge of market volatility to a three-month high and boosted options trading volume on Wednesday,

'Fear gauge' hits three-month high as US stocks sell off
Business|Economy|Finance

Chipotle tops quarterly estimates, warns of margin pressure going forward

Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up

Chipotle tops quarterly estimates, warns of margin pressure going forward

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