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

Finance

Business|Finance

Philip Morris to invest $232 million to expand ZYN production at Kentucky plant

Philip Morris International said on Tuesday it would invest $232 million to expand production capacity for ZYN nicotine pouches at its Ownesboro, Kentucky plant, to meet the strong demand.

Philip Morris to invest $232 million to expand ZYN production at Kentucky plant
Business|Finance|Technology

Nasdaq seeks SEC approval for bitcoin index options

Nasdaq is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday. The U.S.

Nasdaq seeks SEC approval for bitcoin index options
Economy|Europe|Finance

ECB can gradually cut rates but jury still out on September, Knot says

The European Central Bank can gradually lower interest rates if inflation continues to fall but more data is needed before a September cut can be decided, Dutch policymaker Klaas

ECB can gradually cut rates but jury still out on September, Knot says
Business|Economy|Finance

High rents are forcing small businesses into tough choices like raising prices or changing location

While many costs have come down for small business, rents remain high and in some cases are still rising, forcing many owners into some uncomfortable decisions

High rents are forcing small businesses into tough choices like raising prices or changing location
Finance|Stock Markets

Toronto market edges off record high as oil prices drop

Canada's main stock index ended lower on Tuesday, pulling back from a record high, as a drop in oil prices weighed on the energy sector and investors

Toronto market edges off record high as oil prices drop
Business|Economy|Finance|News

Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief

Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country's central bank chief told Reuters on Tuesday, as

Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief
Business|Finance

Bank of Montreal warns of credit pressures after profit miss, shares fall

Bank of Montreal on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian

Bank of Montreal warns of credit pressures after profit miss, shares fall
Business|Finance|Technology

Australia's Aware Super buys stake in European fibre platform to tap AI boom

Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the

Australia's Aware Super buys stake in European fibre platform to tap AI boom
Business|Finance|Technology

China's JD.com announces $5 billion share buyback plan

JD.com said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36

China's JD.com announces $5 billion share buyback plan
Economy|Finance|News

UBS Wealth Management raises odds of U.S. recession to 25% from 20%

UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%, citing weakness stemming from softer jobs growth and the July unemployment data which stoked fears of

UBS Wealth Management raises odds of U.S. recession to 25% from 20%
Finance|Stock Markets

Wall Street ends up as investors focus on Nvidia results

The S&P 500 ended higher on Tuesday and the Dow Jones notched a record-high close ahead of a much-anticipated quarterly report from Nvidia on Wednesday and economic data

Wall Street ends up as investors focus on Nvidia results
Business|Economy|Finance

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

Canada's Bank of Nova Scotia reported a fall in third-quarter profit on Tuesday, as the lender set aside more in rainy-day funds, compared with a year earlier, to cover for potential

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions
Economy|Finance|News|Stock Markets

Pre-Nvidia hesitation obscures record high

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are back just shy of new record highs, lapping up the likely start of Federal Reserve easing next month but wary

Pre-Nvidia hesitation obscures record high
Business|Finance

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis

A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commercial

Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis
Economy|Finance|News

PM says Ukraine needs extra $15 billion to cover 2025 budget gap

Prime Minister Denys Shmyhal said on Tuesday that Ukraine needed an extra $15 billion to cover its budget deficit in 2025.

PM says Ukraine needs extra $15 billion to cover 2025 budget gap
Business|Finance|Technology

Sony to raise PlayStation 5 price by 20% in Japan

Sony is raising the price of its PlayStation 5 (PS5) games console in Japan by about 20%, it said on Tuesday, citing a difficult external environment including global economic

Sony to raise PlayStation 5 price by 20% in Japan
Asia|Business|Economy|Finance

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says

Japan's Seven & i Holdings must act fast to negotiate a takeover bid from Canada's Alimentation Couche-Tard that has "historic implications", said a fund manager at shareholder

Possible Seven & i takeover 'historic' for corporate Japan, Artisan's Herrick says
Business|Finance|Technology

China's low-altitude economy lacks growth roadmap, says industry group

China's nascent low-altitude economy - made up of manned or unmanned aviation services at low elevations - has captured investors' interest but many lack information and guidance

China's low-altitude economy lacks growth roadmap, says industry group
Business|Europe|Finance|Stock Markets

FTSE 100 rises on travel and mining boost; Bunzl hits record high

UK's benchmark FTSE 100 stock index ended higher on Tuesday, led by gains in travel and mining shares, while Bunzl hit a record high after the business

FTSE 100 rises on travel and mining boost; Bunzl hits record high
Asia|Business|Economy|Finance

BOJ to begin initial research to include wage trends to 'tankan'

The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly "tankan" business survey to more accurately reflect wage

BOJ to begin initial research to include wage trends to 'tankan'
Business|Europe|Finance

Travel, banking stocks lift European shares with data in focus

Gains in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious ahead of key economic data later this

Travel, banking stocks lift European shares with data in focus
Asia|Business|Finance|Stock Markets

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading

The Dow Jones Industrial Average inched up to another record high on a mixed day of trading for Wall Street

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading
Asia|Business|Finance

Foreign investors ditch India's pricey stocks, opt for new issues

Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek

Foreign investors ditch India's pricey stocks, opt for new issues
Business|Economy|Finance

Rate-cut relief doused by geopolitics

A look at the day ahead in European and global markets from Ankur Banerjee Optimism over looming U.S. interest rate cuts have been tempered by nervousness over what economic data will show in the

Rate-cut relief doused by geopolitics
Australia|Business|Finance

Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake

Australia's Woodside Energy reported on Tuesday a decline of 14% in half-year profit, hit by lower oil prices, but the result and its dividend beat

Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake

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