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

Finance

Business|Economy|Finance

Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say

Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with

Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say
Business|Economy|Finance

Fed's Goolsbee: don't want to 'blow through' full employment

Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will

Fed's Goolsbee: don't want to 'blow through' full employment
Business|Economy|Finance

Citgo auction pits Icahn-backed oil refiner, creditor group

An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing

Citgo auction pits Icahn-backed oil refiner, creditor group
Business|Finance|News

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies

Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies
Business|Finance|Stock Markets

Volatility-linked funds dump US stocks, exacerbating selloff

A sharp drop in U.S. stocks is provoking selling from volatility-sensitive funds, exacerbating a selloff that has already brought the Nasdaq Composite into

Volatility-linked funds dump US stocks, exacerbating selloff
Business|Economy|Finance

Equities sell off, Nasdaq on track for correction, bond yields sink

Global equities sold off on Friday and U.S.

Equities sell off, Nasdaq on track for correction, bond yields sink
Business|Europe|Finance

BNP Paribas swoop on AXA fund business fuels hopes for more deals

BNP Paribas' talks to buy the investment business of insurer AXA will trigger more deals, bankers say, as European money

BNP Paribas swoop on AXA fund business fuels hopes for more deals
Business|Finance

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs

(This Aug. 2 story has been corrected to read 'wanes for,' not 'hit by,' in the headline and to clarify that the 15% refers to those willing to increase their

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs
Business|Finance|Technology

Coinbase expects US to be crypto-friendly irrespective of election outcome

The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,

Coinbase expects US to be crypto-friendly irrespective of election outcome
Business|Economy|Finance

US equity fund inflows continued in week to July 31 amid rate cut hopes

Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an

US equity fund inflows continued in week to July 31 amid rate cut hopes
Economy|Europe|Finance

BoE's Pill says job not done on inflation, rates might not fall again soon

Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.

BoE's Pill says job not done on inflation, rates might not fall again soon
Business|Economy|Finance|Stock Markets|Technology

Tech-heavy Nasdaq in correction as equity selloff deepens

Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below

Tech-heavy Nasdaq in correction as equity selloff deepens
Election|Finance

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee

Democratic National Committee Chair Jaime Harrison says Vice President Kamala Harris has secured enough votes from party delegates to become the party's presidential nominee

Election 2024 Latest: DNC chair says Harris secured enough delegate votes to become party nominee
Business|Economy|Finance|News

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease

U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease
Economy|Europe|Finance|News

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll

Russia's central bank has no room to lower rates from 18% this year, a Reuters poll showed on Friday, with analysts forecasting inflation above the bank's 4% target in

No room for Russia to cut rates this year as inflation climbs, economy overheats: Reuters poll
Business|Finance

Global equity funds attract sixth weekly inflow in a row

Global investors remained net buyers of equity funds for a sixth successive week through July 31, driven by expectations that the U.S.

Global equity funds attract sixth weekly inflow in a row
Economy|Finance|News

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Finance|Stock Markets|Technology

Snap shares plummet as weak outlook intensifies ad competition fears

Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business

Snap shares plummet as weak outlook intensifies ad competition fears
Finance|News|Political

US Treasury names acting senior sanctions official

Brad Smith, a veteran U.S. Treasury Department employee, will be acting under secretary for terrorism and financial intelligence, a U.S.

US Treasury names acting senior sanctions official
Business|Finance

LyondellBasell beats quarterly profit estimates, expects margins to improve

Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock

LyondellBasell beats quarterly profit estimates, expects margins to improve
Business|Finance

Genetic testing firm 23andMe rejects CEO's take-private offer

Genetic testing firm 23andMe will not go ahead with CEO Anne Wojcicki's take-private offer and has asked her to withdraw any plan to oppose any alternative deal, the company said on Friday.

Genetic testing firm 23andMe rejects CEO's take-private offer
Business|Finance

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious

Church & Dwight said on Friday it expects full-year sales and profit at the lower end of its previous forecast due to consumer hesitancy on spending for its higher-priced household and

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious
Business|Finance|Stock Markets

Cboe's quarterly profit beats estimates as investors crank up hedging activity

Cboe Global Markets reported higher-than-expected second-quarter profit on Friday, helped by strong growth in options trading, as geopolitical tensions and elevated interest rates prompted

Cboe's quarterly profit beats estimates as investors crank up hedging activity
Business|Economy|Finance

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production
Business|Europe|Finance

Europe's banks see biggest weekly selloff since March 2023

An index of European banks headed for its biggest weekly fall in 17 months on Friday, thanks to soft earnings earlier in the week and a global equity sell-off gathering pace.

Europe's banks see biggest weekly selloff since March 2023

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