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

Finance

Economy|Europe|Finance

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

Inflation is down in Europe

August 30, 2024
Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Economy|Finance

Lowest euro zone inflation in 3 years sets up ECB for cut

Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European

August 30, 2024
Lowest euro zone inflation in 3 years sets up ECB for cut
Business|Europe|Finance

Thyssenkrupp works council says steel leadership crisis puts sale at risk

Thyssenkrupp's planned sale of its steel business is at risk over uncertainty following a leadership crisis at the unit, the

August 30, 2024
Thyssenkrupp works council says steel leadership crisis puts sale at risk
Business|Finance|Stock Markets

SIX Group explores options for financial information unit, sources say

Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging it

August 30, 2024
SIX Group explores options for financial information unit, sources say
Business|Finance|Stock Markets|Technology

How does PDD stack up against other big China e-ecommerce firms?

Shares of China's biggest e-commerce companies - Alibaba, JD.com and PDD Holdings - were dumped earlier this week on worries about pressure on their margins after low

August 30, 2024
How does PDD stack up against other big China e-ecommerce firms?
Business|Economy|Finance|Stock Markets

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken

The UK's main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hopes

August 30, 2024
FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
Business|Economy|Europe|Finance|News|Stock Markets

European shares inch up to record high as inflation data sets stage for ECB rate cut

European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation

August 30, 2024
European shares inch up to record high as inflation data sets stage for ECB rate cut
Economy|Europe|Finance|News

ECB's Schnabel keeps door open to further rate cuts

Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, but the European Central Bank must become

August 30, 2024
ECB's Schnabel keeps door open to further rate cuts
Business|Finance

China state banks buying dollars amid rapid yuan gains, sources say

Major state-owned banks were buying dollars in China's onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.

August 30, 2024
China state banks buying dollars amid rapid yuan gains, sources say
Australia|Business|Finance

ANZ CEO says no evidence bond trading scandal has cost Australian taxpayers

ANZ, Australia's third-largest retail bank, has found no evidence that suspected misconduct by its employees during a 2023 government bond issuance had cost Australian

August 30, 2024
ANZ CEO says no evidence bond trading scandal has cost Australian taxpayers
Asia|Business|Economy|Finance

Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian

August 30, 2024
Russia payment hurdles with China partners intensified in August, sources say
Business|Finance|Stock Markets

Actively managed Japan stock ETFs outperform in resilient market

Less than a month after a Bank of Japan interest rate hike triggered the biggest selloff since 1987 of the bellwether Nikkei 225 Index, major market

August 30, 2024
Actively managed Japan stock ETFs outperform in resilient market
Economy|Europe|Finance

France's political quagmire keeps asset recovery at bay

France's financial assets are stuck in a rut as a political stalemate and policy paralysis take hold, casting a shadow over the outlook for

August 30, 2024
France's political quagmire keeps asset recovery at bay
Economy|Finance|Stock Markets

Cash-loving investors dig in even as US rate cuts threaten payouts

A golden era for cash may be winding down as the Federal Reserve gets ready to cut interest rates. Many fans of the investment class are staying put anyway.

August 30, 2024
Cash-loving investors dig in even as US rate cuts threaten payouts
Business|Finance

UK's Aviva conspired to dodge India compensation and tax rules, agency says

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake

August 30, 2024
UK's Aviva conspired to dodge India compensation and tax rules, agency says
Finance|Stock Markets

Bring on the rate cuts

A look at the day ahead in European and global markets from Rae Wee Global investors can't wait to be done and dusted with August and usher in the new month with a bang, one that's all but certain to

August 30, 2024
Bring on the rate cuts
Business|Finance

Hedge funds may lose billions from Temu owner PDD's stock crash

Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares

August 30, 2024
Hedge funds may lose billions from Temu owner PDD's stock crash
Asia|Business|Finance

Stocks end turbulent month higher as US data sets stage for rate cut

Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in

August 30, 2024
Stocks end turbulent month higher as US data sets stage for rate cut
Business|Economy|Finance

Australian retail sales lose steam as tax cuts fail to excite shoppers

Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next

August 30, 2024
Australian retail sales lose steam as tax cuts fail to excite shoppers
Business|Economy|Finance

US dollar rises broadly as inflation data underpins smaller Fed cut

The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased,

August 30, 2024
US dollar rises broadly as inflation data underpins smaller Fed cut
Australia|Business|Finance

Australia's Star Entertainment halts trading to assess impact of regulatory findings

Star Entertainment said on Friday its Australia-listed shares were halted from trading for the casino operator to digest the fallout from a scathing report on its corporate culture and

August 30, 2024
Australia's Star Entertainment halts trading to assess impact of regulatory findings
Economy|Finance

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official

August 29, 2024
Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Business|Economy|Finance

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

August 29, 2024
The Chinese central bank's policy arsenal
Business|Finance|Technology

Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin

Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency

August 29, 2024
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Economy|Finance

New Zealand consumer confidence lifts in August, survey shows

Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday.

August 29, 2024
New Zealand consumer confidence lifts in August, survey shows

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