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

Finance

Business|Finance|News|Technology

Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall

Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing number of

Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
Business|Europe|Finance

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports

Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports
Asia|Business|Finance

Nippon Steel to sell $211 million in assets to manage debt amid U.S. Steel deal

Nippon Steel plans to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it

Nippon Steel to sell $211 million in assets to manage debt amid U.S. Steel deal
Business|Europe|Finance|News|Stock Markets

Europe's STOXX 600 falls a day after Fed-fuelled rally

European shares slipped on Friday after a rally in the previous session spurred by the U.S.

Europe's STOXX 600 falls a day after Fed-fuelled rally
Economy|Finance|News

BOJ Governor Ueda's comments at news conference

The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signalling its confidence a solid economic recovery will allow the central bank to raise

BOJ Governor Ueda's comments at news conference
Business|Economy|Europe|Finance

ECB hopes for more cross border bank consolidation

The European Central Bank is hoping for more cross-border bank consolidation to improve the valuation of lenders and efficiency in the sector, ECB Vice President Luis de Guindos

ECB hopes for more cross border bank consolidation
Asia|Business|Finance|Stock Markets

Tokyo Metro, Rigaku set stage for $3 billion Japan IPOs as listings gather pace

Japan's Tokyo Metro and Rigaku on Friday kicked off the processes to launch a combined $3.1 billion in initial public offerings (IPOs) next month,

Tokyo Metro, Rigaku set stage for $3 billion Japan IPOs as listings gather pace
Business|Economy|Finance|News

UK retail sales rise by more than expected in August

British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed on Friday.

UK retail sales rise by more than expected in August
Economy|Finance

Sterling feeds on peculiarly high BoE 'terminal rate': Mike Dolan

Tight monetary policy coupled with a penny-pinching fiscal agenda usually results in currency appreciation, and sterling is surging on the prospect.

Sterling feeds on peculiarly high BoE 'terminal rate': Mike Dolan
Asia|Business|Finance

Beijing halts bubble tea offshore IPO approvals over soured Hong Kong listings, sources say

Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to

Beijing halts bubble tea offshore IPO approvals over soured Hong Kong listings, sources say
Asia|Business|Economy|Finance

BOJ tankan expected to show big manufacturers' mood steady: Reuters poll

Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on

BOJ tankan expected to show big manufacturers' mood steady: Reuters poll
Business|Europe|Finance|Stock Markets

Investors shun European car stocks despite rock bottom valuations

European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry's problems has driven

Investors shun European car stocks despite rock bottom valuations
Business|Economy|Finance

Global refiners face profit slump as new plants come online

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a

Global refiners face profit slump as new plants come online
Finance|News|Stock Markets

Richly valued US stock market may find limited benefit from rate cuts

As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the

Richly valued US stock market may find limited benefit from rate cuts
Business|Europe|Finance

BOJ brings yen into sharper focus

A look at the day ahead in European and global markets from Wayne Cole.

BOJ brings yen into sharper focus
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps

U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note

Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
Business|Economy|Finance|News

BOJ keeps interest rates steady, sticks to upbeat economic view

The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.

BOJ keeps interest rates steady, sticks to upbeat economic view
Business|Economy|Finance

Thai cbank chief says no need for rate cut now as government pushes for easing

Thailand need not reduce interest rates immediately after the Federal Reserve eased policy as its economic outlook remains unchanged,

Thai cbank chief says no need for rate cut now as government pushes for easing
Asia|Business|Finance|Stock Markets

Wall Street dips after rate cut rally, dollar firms

Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the dollar firmed as

Wall Street dips after rate cut rally, dollar firms
Asia|Economy|Finance|News|Stock Markets

China unexpectedly leaves lending rates steady; markets expect cuts soon

China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve

China unexpectedly leaves lending rates steady; markets expect cuts soon
Business|Economy|Finance|News

Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes

The dollar strengthened against the yen on Friday, hitting its highest level in two weeks, after the Bank of Japan left interest rates

Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes
Asia|Business|Economy|Finance

Oil ends week higher as investors take stock of Fed rate cuts

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.

Oil ends week higher as investors take stock of Fed rate cuts
Business|Economy|Election|Finance|News

Trump says Fed's rate cut was 'political move'

Republican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve's decision to cut interest rates by half of a percentage point was "a political move."

Trump says Fed's rate cut was 'political move'
Australia|Economy|Finance

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll

Australia's central bank will keep its key policy interest rate unchanged on Tuesday and for the rest of the year amid elevated price pressures,

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll
Business|Finance

Macy's to hire more than 31,500 employees for holiday season

Macy's said on Thursday it will hire more than 31,500 full and part-time employees for the upcoming holiday season - fewer than last year - as the U.S. department store gears up for a busy

Macy's to hire more than 31,500 employees for holiday season

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