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

Finance

Australia|Business|Finance

Australia's Tabcorp fined over gambling regulation breaches in Victoria

Australian wagering business Tabcorp has been fined A$4.3 million ($2.89 million) for repeated breaches of gambling harm prevention laws between 2020 and 2023, the

Australia's Tabcorp fined over gambling regulation breaches in Victoria
Business|Europe|Finance

European shares end higher as Fed Chair Powell backs September rate cuts

Europe's STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets advanced after Federal Reserve Chair Jerome Powell

European shares end higher as Fed Chair Powell backs September rate cuts
Business|Finance

CBA cuts rates for new borrowers re-igniting mortgage war fears

Commonwealth Bank of Australia, the country's biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking fears of

CBA cuts rates for new borrowers re-igniting mortgage war fears
Economy|Finance

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever

The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.    

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
Business|Economy|Finance|Stock Markets

Nvidia, let's see what you've got

The latest earnings from AI darling Nvidia and key inflation numbers in the euro area and Australia should keep markets busy in the coming week.

Nvidia, let's see what you've got
Economy|Finance

Singapore July core inflation 2.5% y/y, lowest in more than two years

Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday.

Singapore July core inflation 2.5% y/y, lowest in more than two years
Economy|Europe|Finance

ECB has room for gradual rate cuts, Kazaks says

The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged,

ECB has room for gradual rate cuts, Kazaks says
Business|Economy|Finance

Fed's Powell, in policy shift, says 'time has come' to cut rates

Federal Reserve Chair Jerome Powell on Friday endorsed an imminent start to interest rate cuts, saying further cooling in the job

Fed's Powell, in policy shift, says 'time has come' to cut rates
Asia|Economy|Finance

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
Business|Economy|Finance

Tokyo inflation seen unchanged in August, snapping 3-month acceleration: Reuters poll

Consumer price inflation is expected to stay unchanged in Japan's capital Tokyo in August, ending three months of acceleration, a Reuters poll showed, suggesting the central bank may

Tokyo inflation seen unchanged in August, snapping 3-month acceleration: Reuters poll
Asia|Business|Finance

China's yuan set for longest weekly winning streak since 2021

China's yuan inched higher against a softer dollar on Friday and looked set for the fifth straight weekly gain, its longest winning streak in more than three years.

China's yuan set for longest weekly winning streak since 2021
Business|Finance

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years

Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Asia|Economy|Finance|News|World

China, Belarus agree to strengthen cooperation in trade, security

China and Belarus have agreed to strengthen cooperation in a range of sectors including trade, security, energy and finance, according to a joint statement, after Chinese Premier

China, Belarus agree to strengthen cooperation in trade, security
Asia|Business|Economy|Finance

Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates

Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S.

Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Finance

Dollar falls after Powell greenlights September easing

The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the

Dollar falls after Powell greenlights September easing
Business|Economy|Finance

Oil climbs over 2% after Fed's Powell indicates US rate cuts

U.S. light crude oil gained more than 2% a barrel on Friday after comments by U.S.

Oil climbs over 2% after Fed's Powell indicates US rate cuts
Business|Economy|Finance

BOJ's Ueda signals readiness to raise rates if growth, inflation on track

Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2%

BOJ's Ueda signals readiness to raise rates if growth, inflation on track
Australia|Business|Economy|Finance

Australia Treasurer amends RBA reforms after opposition objections

Australia Treasurer Jim Chalmers said on Friday he was prepared to amend some proposed reforms of the Reserve Bank of Australia after objections from the opposition

Australia Treasurer amends RBA reforms after opposition objections
Business|Economy|Finance

UK consumer confidence matches almost 3-year high in August

British consumer confidence held at an almost three-year high in August, bolstered by improving sentiment around personal finances and major purchases, according to a survey on Friday that

UK consumer confidence matches almost 3-year high in August
Australia|Business|Finance

Australian regulator hikes ANZ's capital add-on, citing bond scandal

Australia's bank regulator on Friday raised the amount of spare cash that No. 3 lender ANZ must keep on hand due to suspected wide-ranging misconduct at its

Australian regulator hikes ANZ's capital add-on, citing bond scandal
Asia|Business|Finance

Dollar strikes back, Japan in spotlight

A look at the day ahead in Asian markets.

Dollar strikes back, Japan in spotlight
Economy|Finance

Harris adviser Deese calls for Marshall Plan on clean energy

Brian Deese, an economic adviser for Vice President Kamala Harris' presidential campaign, called on Thursday for an economic program to loan allies money to

Harris adviser Deese calls for Marshall Plan on clean energy
Business|Finance

Ross Stores lifts profit view on firm demand for discounted apparel

Ross Stores raised its fiscal 2024 profit forecast and posted second-quarter results above Wall Street estimates on Thursday, benefiting from demand for its discounted

Ross Stores lifts profit view on firm demand for discounted apparel
Business|Finance|Technology

GM's Cruise to offer robotaxis on Uber's platform from next year

Cruise will offer its autonomous vehicles on ride-hailing platform Uber starting next year, the companies said on Thursday, as the General Motors-

GM's Cruise to offer robotaxis on Uber's platform from next year
Business|Finance|News

US Postal Service seeks to save $30 billion over 10 years with delivery, other changes

The U.S. Postal Service said on Thursday it is aiming to implement changes that it estimates will save the agency roughly $30 billion over the next decade.

US Postal Service seeks to save $30 billion over 10 years with delivery, other changes

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