Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Europe|Finance

Axel Springer and KKR reached fundamental deal in summer, source said

German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters

Axel Springer and KKR reached fundamental deal in summer, source said
Asia|Business|Economy|Finance

China's Jan-Aug FDI down 31.5% y/y

Foreign direct investment into China amounted to 580.19 billion yuan ($81.80 billion) in January-August, down 31.5% from the same period last year, the Chinese commerce ministry

China's Jan-Aug FDI down 31.5% y/y
Business|Economy|Finance

Japan's PM hopeful Takaichi warns BOJ against raising rates

Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Saturday the central bank should

Japan's PM hopeful Takaichi warns BOJ against raising rates
Business|Economy|Finance

China new home prices fall at fastest pace in over 9 years in Aug

China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to

China new home prices fall at fastest pace in over 9 years in Aug
Business|Crime|Finance|Health

Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions

Walgreens agreed to pay $106 million to settle lawsuits that alleged it submitted false payment claims with government health care programs for prescriptions that were never dispensed

Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions
Business|Finance|Technology

OpenAI's stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150

OpenAI's stunning $150 billion valuation hinges on upending corporate structure, sources say
Business|Finance|Technology

US satellite-TV providers DirecTV and Dish are in talks to merge again, source says

Telecom operator AT&T and its joint-venture partner TPG are in early-stage talks to merge their DirecTV satellite TV service with EchoStar owned Dish, a person familiar with

US satellite-TV providers DirecTV and Dish are in talks to merge again, source says
Economy|Finance

Moody's revises Greece's outlook to 'positive', maintains ratings at 'Ba1'

Credit ratings agency Moody's revised its outlook on Greece to "positive" from "stable" on Friday, citing a healthier banking sector and a better-than-expected economic performance.

Moody's revises Greece's outlook to 'positive', maintains ratings at 'Ba1'
Business|Economy|Finance

Icahn Enterprises wins dismissal of investor lawsuit

Carl Icahn's investment company Icahn Enterprises won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to help the

Icahn Enterprises wins dismissal of investor lawsuit
Business|Economy|Finance|News|Technology

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say

A powerful U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S.

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say
Finance|News

Size, speed of rate moves in focus as Fed poised to start cuts

The Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting and

Size, speed of rate moves in focus as Fed poised to start cuts
Business|Finance

Sam Bankman-Fried's lawyers claim in an appeal that he was judged too quickly

Lawyers for Sam Bankman-Fried have filed an appeal claiming that the imprisoned FTX founder was the victim of a rush to judgment by a public that wrongly believed he was guilty before he was even arrested

Sam Bankman-Fried's lawyers claim in an appeal that he was judged too quickly
Business|Crime|Finance

Sam Bankman-Fried's jury only saw 'half the picture,' lawyer says in appeal

The jury that convicted Sam Bankman-Fried of stealing billions of dollars from customers of his FTX cryptocurrency exchange only saw "half the picture" because the judge did

Sam Bankman-Fried's jury only saw 'half the picture,' lawyer says in appeal
Business|Economy|Finance

Goldman Sachs still sees 25 basis point Fed cut next week

Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week's Federal Open Market Committee meeting, which contrasted with news stories about

Goldman Sachs still sees 25 basis point Fed cut next week
Business|Crime|Economy|Finance

Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction

Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction

Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction
Business|Economy|Finance

IMF chief backs regional director after Argentina tensions

The head of the International Monetary Fund gave her support to regional director Rodrigo Valdes on Friday, a day after the IMF had announced he would step aside from

IMF chief backs regional director after Argentina tensions
Business|Finance|Stock Markets|Technology

Nvidia's stock market dominance fuels big swings in the S&P 500

Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index, reinforcing concerns that broader markets could be hurt if the

Nvidia's stock market dominance fuels big swings in the S&P 500
Business|Finance|News

Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel

President Joe Biden has voiced his opposition to Nippon Steel buying U.S. Steel, but the federal government appears to be in no hurry to block the deal

Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel
Business|Economy|Finance|News|Stock Markets|World

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel by Japan's Nippon Steel, the Washington Post reported on Friday.

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports
Business|Europe|Finance

Bain Capital taps advisers for sale of UK's esure, sources say

Private equity firm Bain Capital has lined up advisers for the possible sale of British motor and home insurer esure, three people familiar with

Bain Capital taps advisers for sale of UK's esure, sources say
Business|Finance

Ratings agencies warn of downgrade if Boeing strike drags on

Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's factories in U.S.

Ratings agencies warn of downgrade if Boeing strike drags on
Business|Finance|Technology

Oracle shares pare gains as analysts weigh over $100 billion fiscal 2029 revenue forecast

Oracle shares pared most of their gains on Friday after spiking nearly 8%, with some analysts expressing reservations about the company's forecast of crossing $100 billion

Oracle shares pare gains as analysts weigh over $100 billion fiscal 2029 revenue forecast
Economy|Finance

China's August new lending rises less than expected, more policy steps expected

New bank lending in China jumped less than expected in August after hitting a 15-year low in July, as the central bank keeps policy accommodative and

China's August new lending rises less than expected, more policy steps expected
Business|Finance|News|Stock Markets

Dutch aim for migration clampdown as government sees "asylum crisis"

By Bart H.

Dutch aim for migration clampdown as government sees "asylum crisis"
Business|Economy|Europe|Finance

Russia's central bank warns Western banks not to discriminate against Russian clients

Russia's central bank has warned subsidiaries of Western banks that remain in Russia not to yield to pressure from Western regulators and discriminate against their

Russia's central bank warns Western banks not to discriminate against Russian clients

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