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

Finance

Election|Finance|Stock Markets

Trump Media slumps as bets on Harris victory rise after presidential debate

Shares of Republican candidate Donald Trump's company that owns the Truth Social slumped 14% in busy trading on Wednesday as betting odds of a win for Democratic candidate

Trump Media slumps as bets on Harris victory rise after presidential debate
Business|Europe|Finance

UBS vows to uphold loan volumes in Switzerland of more than $400 billion

UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering

UBS vows to uphold loan volumes in Switzerland of more than $400 billion
Business|Finance

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
Business|Finance|Technology

Amazon to invest $10 billion in UK data centres

Internet giant Amazon's cloud computing arm, Amazon Web Services, said on Wednesday that it plans to spend 8 billion pounds ($10.45 billion) in the United Kingdom

Amazon to invest $10 billion in UK data centres
Americas|Economy|Election|Finance|Stock Markets

Crypto stocks fall as bets on Harris win rise after debate, Swift support

U.S. cryptocurrency shares fell in early trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival and crypto supporter Donald Trump on the

Crypto stocks fall as bets on Harris win rise after debate, Swift support
Business|Finance

Details of new US bank capital rules still uncertain with election looming

U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with

Details of new US bank capital rules still uncertain with election looming
Election|Finance|Stock Markets

Wall Street closes up on tech boost; inflation data dents hopes for big Fed rate cut

All three major U.S. stock indexes closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at an early

Wall Street closes up on tech boost; inflation data dents hopes for big Fed rate cut
Business|Finance

Etihad Airways plans IPO no earlier than 2025, sources say

Abu Dhabi's Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the

Etihad Airways plans IPO no earlier than 2025, sources say
Asia|Business|Finance

Goldman Sachs appoints three co-heads of Asia M&A to bolster regional presence

Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano and Ed Wittig as co-heads of mergers and acquisitions in Asia Pacific to expand and deepen deals coverage in

Goldman Sachs appoints three co-heads of Asia M&A to bolster regional presence
Business|Economy|Finance

Indian importers favour FX options as rupee holds steady, premiums soar

Indian importers are exploring options strategies to hedge against currency risks amid muted volatility in the rupee, moving away from outright

Indian importers favour FX options as rupee holds steady, premiums soar
Economy|Finance|News|World

IMF, Ukraine reach deal that would give it access to $1.1 billion

The International Monetary Fund said on Tuesday it had reached a preliminary agreement with Ukraine that would give the war-torn country access to about $1.1 billion in financial

IMF, Ukraine reach deal that would give it access to $1.1 billion
Asia|Business|Finance

China's Midea Group to price shares at top of range in Hong Kong listing, sources say

Chinese home appliance maker Midea Group is set to price shares at the top of an indicative range to raise at least $3.46 billion in a Hong Kong listing, said three

China's Midea Group to price shares at top of range in Hong Kong listing, sources say
Economy|Finance|News|Stock Markets

FTSE 100 drops on Rentokil warning; U.S. inflation data weighs

The UK's benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company warned on North

FTSE 100 drops on Rentokil warning; U.S. inflation data weighs
Business|Europe|Finance

Europe's STOXX 600 little changed as focus shifts to ECB

European shares ended flat on Wednesday as gains in technology shares were offset by losses in real estate shares, while investors shifted their focus to

Europe's STOXX 600 little changed as focus shifts to ECB
Business|Economy|Finance

US fund Castlelake considering sale of stake in Spain's Aedas, Cinco Dias reports

U.S.-based investment fund Castlelake is considering selling its majority stake in Spanish real estate group Aedas Homes, Spanish newspaper Cinco Dias reported on Wednesday, citing

US fund Castlelake considering sale of stake in Spain's Aedas, Cinco Dias reports
Economy|Finance|News

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
Business|Europe|Finance

UniCredit CEO approaches Commerzbank about merger after share swoop, source says

UniCredit's CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said,

UniCredit CEO approaches Commerzbank about merger after share swoop, source says
Business|Economy|Finance

'Blunt' interest rates pose questions about Fed easing :Mike Dolan

If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.

'Blunt' interest rates pose questions about Fed easing :Mike Dolan
Business|Economy|Finance

US crude oil climbs more than $2 on fears of Hurricane Francine

Oil prices climbed more than 2% on Wednesday, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling

US crude oil climbs more than $2 on fears of Hurricane Francine
Business|Finance

Britain's Rightmove rejects $7.3 billion takeover offer from Murdoch's REA Group

Britain's largest real estate portal Rightmove rejected the 5.6 billion pound ($7.32 billion) cash-and-stock takeover proposal from Australia's

Britain's Rightmove rejects $7.3 billion takeover offer from Murdoch's REA Group
Business|Finance

Japan's Mitsui to double share buyback spending to $2.8 billion

Japanese trading house Mitsui said on Wednesday it decided to double its share buyback spending to up to 400 billion yen ($2.84 billion) to buy and later cancel up to 6% of its

Japan's Mitsui to double share buyback spending to $2.8 billion
Business|Finance|Stock Markets

Zara owner Inditex sees early autumn sales perk up after summer slowdown

Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting its share price as the world's largest listed fashion retailer

Zara owner Inditex sees early autumn sales perk up after summer slowdown
Business|Finance

ADNOC expected to make formal offer for Covestro of about $15.9 billion, FT reports

Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.9 billion) including debt, the Financial Times reported on

ADNOC expected to make formal offer for Covestro of about $15.9 billion, FT reports
Americas|Election|Finance|Stock Markets

Markets try to shake it off after US presidential debate

A look at the day ahead in European and global markets from Ankur Banerjee Investors broadly took the U.S. presidential debate between Donald Trump and Kamala Harris in stride where details were

Markets try to shake it off after US presidential debate
Business|Finance|Technology

Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says

Chinese-Swedish EV brand Lynk & Co, which will launch its first China-made battery-electric car in Europe next month, said it did not intend to pass on the

Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says

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