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

Finance

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
Business|Economy|Finance

Bank of Korea opens door to rate cuts as growth risks trump inflation

South Korea's central bank kept interest rates unchanged on Thursday but revived expectations for an imminent policy easing that some economists see

Bank of Korea opens door to rate cuts as growth risks trump inflation
Economy|Finance|News

Dollar rebounds against euro before Powell speech

The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenback’s

Dollar rebounds against euro before Powell speech
Business|Economy|Finance|News

Oil prices settle $1 up on hopes of a US Fed rate cut next month

Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines.

Oil prices settle $1 up on hopes of a US Fed rate cut next month
Business|Finance

China's Kaisa forecasts bigger H1 net loss on slower property deliveries

Chinese property developer Kaisa Group said on Thursday it expects to report a bigger net loss for the first half of the year, hurt by a decline in property deliveries and higher impairment

China's Kaisa forecasts bigger H1 net loss on slower property deliveries
Economy|Europe|Finance

German tax revenue fell 7.9% in July

Germany's federal and regional state governments' tax revenue fell strongly in July compared with the same month last year due to a sharp decline in revenue from

German tax revenue fell 7.9% in July
Crime|Finance|News

TD Bank sets aside $2.6 billion more for US anti-money laundering penalties, lowers Schwab stake

Canada's TD Bank Group said it would set aside $2.6 billion more for penalties related to U.S. regulatory probes into deficiencies in its anti-money

TD Bank sets aside $2.6 billion more for US anti-money laundering penalties, lowers Schwab stake
Asia|Business|Economy|Finance

Bank of Korea eyed, US yields slide

A look at the day ahead in Asian markets.

Bank of Korea eyed, US yields slide
Business|Europe|Finance

Deutsche Bank settles with some plaintiffs in Postbank acquisition lawsuits

Deutsche Bank said on Wednesday that it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in

Deutsche Bank settles with some plaintiffs in Postbank acquisition lawsuits
Business|Economy|Finance|News

Canadian rail stoppage set to squeeze North American industries

Canada's freight rail transport could come to a grinding halt after the country's two biggest railroad operators announced an unprecedented, simultaneous work stoppage following deadlocked

Canadian rail stoppage set to squeeze North American industries
Business|Finance

Microsoft rejigs reporting on business units, offers clarity on AI benefits

Microsoft on Wednesday restructured how it reports results for its business units, moving some search and news advertising revenue under the Azure cloud-computing unit as the tech giant

Microsoft rejigs reporting on business units, offers clarity on AI benefits
Business|Finance

Citi added new section on reorganization in quarterly report following US SEC query

Citigroup's addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S.

Citi added new section on reorganization in quarterly report following US SEC query
Business|Finance

PwC braces for 6-month ban in China over Evergrande audit, FT reports

PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer

PwC braces for 6-month ban in China over Evergrande audit, FT reports
Business|Finance|Technology

Top US oilfield firm Halliburton hit by cyberattack, source says

U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter.

Top US oilfield firm Halliburton hit by cyberattack, source says
Business|Finance

Franklin Templeton unit replaces investment chief, closes $2 billion fund amid US probes

Fixed income manager Western Asset Management, a unit of investment manager Franklin Templeton or Franklin Resources, said on Wednesday it had replaced a top investment executive

Franklin Templeton unit replaces investment chief, closes $2 billion fund amid US probes
Economy|Finance

The price of gold is at a record high. Here's why

The price of gold hit an all time high this week

The price of gold is at a record high. Here's why
Business|Economy|Finance|News

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool
Asia|Business|Economy|Finance

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says

Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
Business|Economy|Finance|News

New data shows worrying signs in the job market. Here's why that matters

The Bureau of Labor Statistics' released their revised job's report and the new data shows US job growth from much of the past year was much weaker than initially estimated. CNN's Rahel Solomon explains why this is a big deal.

New data shows worrying signs in the job market. Here's why that matters
Business|Finance

Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley, Bloomberg News reported on Wednesday.

Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports
Business|Finance

Brookfield in talks with banks for funding Grifols' takeover bid, sources say

Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols, two

Brookfield in talks with banks for funding Grifols' takeover bid, sources say
Business|Crime|Economy|Finance|News

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month

NY appeals court to hear oral arguments on Trump’s $454 million civil fraud judgment next month
Business|Finance|Stock Markets

General Atlantic exits India's PNB Housing in $127 million deal

U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India's PNB Housing Finance, stock exchange data

General Atlantic exits India's PNB Housing in $127 million deal

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