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

Finance

Economy|Finance

Equities, bonds draw inflows in latest week, BofA report says

Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the U.S., Bank of America Global Research said, as investors brought forward expectations for

Equities, bonds draw inflows in latest week, BofA report says
Economy|Finance|Technology

Wall St closes up on revival supported by inflation data, tech stocks

Wall Street's major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data

Wall St closes up on revival supported by inflation data, tech stocks
Economy|Europe|Finance

ECB likely to cut rates in September, former central banker says

A September interest rate cut by the European Central Bank is "very possible", though its future policy will remain data-dependent, a former deputy governor of the

ECB likely to cut rates in September, former central banker says
Economy|Finance|Stock Markets

Stocks try to shake it off and rotate

A look at the day ahead in U.S. and global markets from Mike Dolan The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data

Stocks try to shake it off and rotate
Economy|Europe|Finance

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating

The European Bank for Reconstruction and Development's exposure to war-ravaged Ukraine does not pose a threat to its prized triple-A credit rating despite previous warnings from

EBRD says Ukraine exposure 'absolutely not' a threat to credit rating
Asia|Business|Economy|Finance|Technology

China boosts financing support for smaller innovative tech companies

China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage

China boosts financing support for smaller innovative tech companies
Business|Economy|Finance|Technology

Spooked U.S. stock market faces tech earnings minefield, Fed meeting

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a

Spooked U.S. stock market faces tech earnings minefield, Fed meeting
Economy|Europe|Finance

ECB's cyber security test shows 'room for improvement' for banks

Euro zone banks have "room for improvement" in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on

ECB's cyber security test shows 'room for improvement' for banks
Economy|Finance

Scores on the doors for Big Tech

It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants

Scores on the doors for Big Tech
Economy|Finance

Turkey cenbank not even contemplating rate cuts now, deputy Akcay says

Turkey's central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and

Turkey cenbank not even contemplating rate cuts now, deputy Akcay says
Business|Economy|Europe|Finance

European shares end higher as earnings barrage impresses

European shares closed higher on Friday, boosted by an earnings-driven advance across several sectors including luxury, while global markets remained

European shares end higher as earnings barrage impresses
Asia|Economy|Finance|Stock Markets

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Business|Economy|Finance

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion

Britain's Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday.

Metro Bank sells residential mortgage portfolio to NatWest for $3 billion
Economy|Finance

First Bank of England rate cut since 2020 hangs on knife edge

The Bank of England's first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken

First Bank of England rate cut since 2020 hangs on knife edge
Economy|Finance

Markets nervy of their own over-confidence :Mike Dolan

Often the scariest thing in markets is a rout without a trigger. People are still unsure about the precise cause of the October 1987 crash, for example.

Markets nervy of their own over-confidence :Mike Dolan
Economy|Finance

Fridges not bridges: China veers off beaten path with consumer stimulus

China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling

Fridges not bridges: China veers off beaten path with consumer stimulus
Asia|Business|Economy|Finance

What the BOJ's reduced bond buying will mean for markets

The Bank of Japan (BOJ) is expected to unveil details of a quantitative tightening (QT) plan at its monetary policy meeting next week, aimed at reducing its holdings

What the BOJ's reduced bond buying will mean for markets
Business|Finance|Technology

JPMorgan launches in-house chatbot as AI-based research analyst, FT reports

JPMorgan Chase has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI's ChatGPT can do the work of a research analyst,

JPMorgan launches in-house chatbot as AI-based research analyst, FT reports
Economy|Finance

China's rate cuts sequence hints at reduced role for MLF

China's latest series of rate cuts show the central bank's monetary framework has changed, analysts said, with the short-term repo rate becoming the primary signal and a

China's rate cuts sequence hints at reduced role for MLF
Asia|Business|Europe|Finance

Amundi's Q2 net inflows beat estimates on Asian contributions

Amundi, Europe's biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse products.

Amundi's Q2 net inflows beat estimates on Asian contributions
Economy|Europe|Finance|Stock Markets

Stocks on firmer footing after wild week

A look at the day ahead in European and global markets from Kevin Buckland An element of calm has returned to markets as a wild week winds down, with European and U.S. stock futures pointing overall

Stocks on firmer footing after wild week
Economy|Finance

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
Asia|Economy|Finance

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Americas|Economy|Election|Finance

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply

Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year.

Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Economy|Finance

Dollar treads water after tame US inflation report, yen rally stalls

The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the

Dollar treads water after tame US inflation report, yen rally stalls

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