Today: September 23, 2024
Today: September 23, 2024

Finance

Economy|Finance

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut

The dollar hit a fresh seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut
Africa|Economy|Finance|News

Kenya will reintroduce some tax proposals that sparked deadly protests

Kenya’s new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts

Kenya will reintroduce some tax proposals that sparked deadly protests
Business|Finance

Chinese property developer Kaisa, bondholders agree to restructure offshore debt

Chinese property company Kaisa Group on Tuesday announced an offshore debt restructuring agreement with a key group of bondholders, swapping

Chinese property developer Kaisa, bondholders agree to restructure offshore debt
Economy|Europe|Finance

ECB may need to cut rates again in Sept, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

ECB may need to cut rates again in Sept, Rehn says
Business|Economy|Finance

Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking

Goldman Sachs has hired veteran investment banker Matt Beitzel, who used to lead Citigroup's coverage of North American banks, as a partner in its financial

Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking
Business|Finance

Japan govt to raise long-term rate estimate to 2.1% in FY2025/2026, Nikkei reports

Japan's government plans to raise its long-term interest rate estimate used to compile the state budget to 2.1% for the next fiscal year from the current year's 1.9%, the Nikkei

Japan govt to raise long-term rate estimate to 2.1% in FY2025/2026, Nikkei reports
Asia|Business|Economy|Finance

Markets buoyant, but China rate call

A look at the day ahead in Asian markets.

Markets buoyant, but China rate call
Business|Finance

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay

Pilgrim's Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay
Business|Economy|Election|Finance|News|Technology

Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser

Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle

Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser
Business|Finance|Technology

Palo Alto forecasts annual results above estimates on cybersecurity demand

Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its cybersecurity products as the digital

Palo Alto forecasts annual results above estimates on cybersecurity demand
Business|Finance|Technology

US overnight trading platform Blue Ocean completes fix for capacity issues

Trading platform Blue Ocean Technologies LLC on Monday completed a platform upgrade that will boost capacity several hundredfold, two weeks after its overnight trading

US overnight trading platform Blue Ocean completes fix for capacity issues
Business|Election|Finance|News|Political

Trump pledges to end pollution rule, block steel merger

Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant

Trump pledges to end pollution rule, block steel merger
Asia|Economy|Finance|News

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll

China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll
Americas|Economy|Finance

Mexico inflation likely eased in first half of August: Reuters poll

Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest

Mexico inflation likely eased in first half of August: Reuters poll
Business|Finance

UAW workers at Stellantis could strike over Illinois plant reopening

The United Auto Workers union said on Monday some local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike,

UAW workers at Stellantis could strike over Illinois plant reopening
Business|Finance|Stock Markets

C.H. Robinson diverting some US customers' cargo away from Canadian ports

U.S. freight forwarder C.H. Robinson said on Monday it was diverting some of its U.S. customers' ocean cargo away from Canadian ports as the threat of a rail strike looms.

C.H. Robinson diverting some US customers' cargo away from Canadian ports
Business|Economy|Finance

Investor Carl Icahn charged with hiding billions in loans

Investor Carl Icahn charged with hiding billions in loans

Investor Carl Icahn charged with hiding billions in loans
Business|Finance

US workers more glum on compensation and work prospects, New York Fed says

U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.

US workers more glum on compensation and work prospects, New York Fed says
Business|Economy|Finance

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him

A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has resolved a lawsuit accusing the German bank of

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him
Business|Finance

Owner of the 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard

The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard

Owner of the 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard
Economy|Europe|Finance|News|World

What is G7's plan for financial aid to Ukraine?

The Group of Seven (G7) rich democracies agreed in June to use proceeds from frozen Russian assets to give Ukraine $50 billion in loans, aiming to ensure Kyiv can continue its fight

What is G7's plan for financial aid to Ukraine?
Business|Finance

Oil producer APA explores $1-billion sale of Permian assets, sources say

APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be

Oil producer APA explores $1-billion sale of Permian assets, sources say
Business|Economy|Finance

Icahn settles with US SEC over alleged disclosure failures

Billionaire investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges that for years he failed to disclose pledging the majority of the firm's

Icahn settles with US SEC over alleged disclosure failures
Business|Finance

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions
Business|Economy|Finance|Technology

GM lays off over 1,000 salaried software, services employees

General Motors said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.

GM lays off over 1,000 salaried software, services employees

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