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

Finance

Economy|Finance

New US ETFs being launched at record pace in 2024

The number of new exchange-traded funds hitting the U.S. market is on track to set another record in 2024, according to data from Morningstar Direct, with an average of 50

New US ETFs being launched at record pace in 2024
Business|Economy|Finance|News

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market
Business|Europe|Finance|Technology

Revolut's Storonsky takes big step forward in battle with the banks

Revolut founder and CEO Nik Storonsky had a simple message for his employees at the company's summer drinks last year: make the financial

Revolut's Storonsky takes big step forward in battle with the banks
Business|Economy|Finance

Target's grocery discounts prove surprise boost for clothes, beauty sales

Target's price cuts on groceries are finally paying off.

Target's grocery discounts prove surprise boost for clothes, beauty sales
Business|Finance|News

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe

TD Bank on Thursday reported its first loss in over two decades after setting aside an extra $2.6 billion to cover expected fines from U.S.

TD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe
Economy|Finance

What to look for at Fed's Jackson Hole symposium

Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe's premier economic gathering, the Kansas City Federal

What to look for at Fed's Jackson Hole symposium
Asia|Business|Finance

China's Ping An Insurance posts 6.8% rise in first-half profit

Ping An Insurance (Group) Co of China reported a 6.8% rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments

China's Ping An Insurance posts 6.8% rise in first-half profit
Business|Election|Finance|News

US capital hikes and other Wall Street bank rules now hinge on US election

U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and

US capital hikes and other Wall Street bank rules now hinge on US election
Business|Economy|Finance

BOJ mulls adding wage-related items to Tankan survey, Jiji reports

The Bank of Japan (BOJ) is considering adding wage-related items to its quarterly "tankan" business survey, Jiji news agency reported on Thursday.

BOJ mulls adding wage-related items to Tankan survey, Jiji reports
Business|Economy|Finance|News|Stock Markets

Wall St ends lower as tech shares weigh; Jackson Hole in focus

All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank

Wall St ends lower as tech shares weigh; Jackson Hole in focus
Economy|Europe|Finance

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes

Euro zone negotiated wage growth slowed last quarter, bolstering the case for another interest rate cut in September and assuaging policymakers' fears that runaway labour costs would

Euro zone negotiated wage growth slows, boosting ECB rate cut hopes
Asia|Economy|Finance

Thai central bank should help retail borrowers, caretaker Finance Minister says

Thailand's central bank should assist retail borrowers after it held its benchmark interest rate steady this week, the caretaker finance minister said on Thursday.

Thai central bank should help retail borrowers, caretaker Finance Minister says
Business|Economy|Europe|Finance

Euro zone business activity gets boost from Olympics, PMI shows

Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate

Euro zone business activity gets boost from Olympics, PMI shows
Business|Economy|Europe|Finance

Deutsche Bank settles bulk of Postbank claims, but others hold out

Deutsche Bank has more work to do to overcome its Postbank troubles even after announcing settlements with more than half the plaintiffs who had

Deutsche Bank settles bulk of Postbank claims, but others hold out
Business|Economy|Finance

FTSE 100 ends flat as lower metal prices offset retail gains

The UK's benchmark FTSE 100 ended little changed on Thursday, as lower metal prices weighed on sectoral heavyweights, while investors assessed softer U.S.

FTSE 100 ends flat as lower metal prices offset retail gains
Asia|Economy|Finance

Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC

Bangladesh's central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank's governor told the BBC in an interview published early

Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC
Business|Economy|Finance

Malaysia shines as foreign investors return, peers stumble

Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable

Malaysia shines as foreign investors return, peers stumble
Business|Economy|Finance|News

India business activity extends robust growth streak in August, PMI shows

India's business activity extended its robust growth streak in August as a stronger services industry offset a slight slowing in manufacturing expansion,

India business activity extends robust growth streak in August, PMI shows
Business|Economy|Europe|Finance

It's beginning to look a lot like rate cuts

A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.

It's beginning to look a lot like rate cuts
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

Stock market today: Wall Street weakens ahead of a highly anticipated speech
Economy|Finance

Indonesia's Q2 current account deficit widens to 0.9% of GDP

Indonesia's current account deficit widened to 0.9% of gross domestic product (GDP), or $3 billion, in the second quarter from a revised deficit of 0.7% of GDP in the previous

Indonesia's Q2 current account deficit widens to 0.9% of GDP
Asia|Business|Economy|Europe|Finance|Stock Markets

Reactions to China's anti-subsidy probe on EU dairy imports

China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc's revised tariff plan for China-made electric vehicles.

Reactions to China's anti-subsidy probe on EU dairy imports
Economy|Finance

Rupee dips; forward premiums rise amid near certainty on Fed rate cuts

The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward

Rupee dips; forward premiums rise amid near certainty on Fed rate cuts
Asia|Business|Finance

China Evergrande subsidiary dealings raises prospects for offshore creditors

Offshore creditors of China Evergrande might be able to increase their chance of recovering funds if they can prove the property developer is due money

China Evergrande subsidiary dealings raises prospects for offshore creditors
Asia|Business|Economy|Finance|Stock Markets

Stocks decline and dollar rebounds as Fed readies rate cuts

Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S.

Stocks decline and dollar rebounds as Fed readies rate cuts

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