Finance

Shares in Hong Kong's New World Development plunge after loss estimate

Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows

Australian job advertisements fell for a seventh straight month in August, data showed on Monday, as demand for labour continued to ease in the face of high interest rates and a

Dollar eases after hitting highest in two weeks, US job data looms

The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the

Global stocks start September in cautious mood

Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether

Australia home prices nudge higher in August but quarterly pace slows

Australian home prices nudged higher in August, posting a 19th straight monthly rise, though the pace of growth showed some signs of slowing, data showed on Monday.

China clouds global 'Goldilocks' outlook

A look at the day ahead in Asian markets.

Czech finance ministry submits 2025 budget draft to cut deficit by 9%

The Czech Finance Ministry has submitted a 2025 budget draft with a 9% lower deficit to the government, saying it will bring record investments while narrowing the fiscal gap to

China new home prices rise more slowly in August, survey shows

Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of

BRICS New Development Bank authorizes Algeria to join

Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday.

Brazilians face higher power bills due to September's dry season

Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at

New Development Bank approves up to $1 billion loan for water projects in South Africa

The New Development Bank has approved a new loan of up to $1 billion to finance water and sanitation projects among poorer households in South Africa, the bank said in a statement

Silicon Valley Bank exits China joint venture, local partner takes full control

Artisan urges Seven&i for takeover bid update by Sept 19

U.S. fund Artisan Partners Asset Management ramped up pressure on Japan's Seven and i holdings, calling on the board to provide an update on a

Billionaire Buffett again sells BofA shares worth about $845 million

Billionaire Warren Buffett's Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday.

Drug distributors strike $300 million opioid settlement with US health plans

The three largest U.S. drug distributors have agreed to pay $300 million to resolve claims by health insurers and benefit plans that they helped fuel the deadly U.S. opioid

U.S. stock rally broadens as investors await Fed

A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data

Catalent delays filing of annual report

Catalent said on Friday it was unable to file its annual report with regulators on time as it requires additional time to complete "certain processes".

China's Sinochem plans to exit US shale JV with Exxon, sources say

Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards

US crypto executives to throw Washington fundraiser for Harris

Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $

As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says

Canada is reluctant to force Air Canada's pilots back to work if they go on strike, a government source told Reuters this week,

Trump wants to make the GOP a 'leader' on IVF. Republicans' actions make that a tough sell

Republican presidential nominee Donald Trump is vowing to force health insurance companies or the federal government to pay for IVF treatments, a proposal at odds with the actions of much of his own party

Brazil targets banks in income tax hike bill

Brazil's government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike for banks.

Goldman to lay off a few hundred employees in annual talent review, source says

Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday.

Brazil's government to end 2024 within fiscal target tolerance band, finance minister says

Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the

Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment

Two former Georgia election workers who won a $148 million defamation judgment against Rudy Giuliani are asking a court to award them the cash-strapped former New York City mayor’s apartment and other property as they ramp up efforts to collect on the staggering debt