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

Finance

Economy|Finance

Japan urges G20 vigilance against excessive FX fluctuations

Japan has urged its G20 peers to be increasingly vigilant to excessive foreign exchange rate fluctuations driven by speculation, Tokyo's top currency

Japan urges G20 vigilance against excessive FX fluctuations
Business|Economy|Finance

Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity

Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient

Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity
Economy|Finance

G20 finance ministers discuss a global tax on the super-rich

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

G20 finance ministers discuss a global tax on the super-rich
Business|Education|Finance

KKR to take edu-tech firm Instructure private for $4.8 billion

KKR & Co will take education software platform Instructure Holdings private for $4.8 billion, the private equity firm said on Thursday.

KKR to take edu-tech firm Instructure private for $4.8 billion
Asia|Economy|Finance

Stocks not out of the woods after trying to recover

- A look at the day ahead in Asian markets by Alden Bentley in New York.

Stocks not out of the woods after trying to recover
Business|Economy|Finance|Stock Markets

L3Harris raises 2024 outlook amid global tensions

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid

L3Harris raises 2024 outlook amid global tensions
Business|Economy|Finance|Stock Markets

Norfolk Southern beats second-quarter profit estimates on higher pricing

U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday.

Norfolk Southern beats second-quarter profit estimates on higher pricing
Americas|Business|Economy|Finance

IDB and Brazilian banks announce development of Amazon rainforest ETF

The Inter-American Development Bank and Brazilian public banks BNDES, Banco do Brasil and Caixa Economica Federal announced on Thursday they will jointly develop an exchange

IDB and Brazilian banks announce development of Amazon rainforest ETF
Economy|Finance

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports

Britain's new finance minister Rachel Reeves is expected to reveal a 20 billion pound ($25.7 billion) shortfall in the public finances, potentially paving the way for tax rises in

UK finance minister expected to reveal 20 billion stg hole in public finances, Guardian reports
Business|Finance

Charles Schwab names Michael Verdeschi as CFO

Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday.

Charles Schwab names Michael Verdeschi as CFO
Economy|Finance

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich

Brazilian Finance Minister Fernando Haddad said on Thursday that G20 finance leaders were poised to endorse a joint declaration on international tax cooperation addressing

Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich
Business|Economy|Finance

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Economy|Finance|Stock Markets|Technology

Tech-led selloff drives record volume in NDX options

The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks.

Tech-led selloff drives record volume in NDX options
Business|Economy|Finance

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing

Ackman cuts new fund's target size, asks investors to commit
Economy|Finance

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley
Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Economy|Finance

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says

The average rate on the popular U.S. 30-year fixed-rate mortgage edged up to 6.78% for the week ending July 25, leaving it about half a percentage point below

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says
Economy|Finance

G20 agree to work on Brazil's 'billionaire tax' idea, implementation seen difficult

The world's 20 biggest economies (G20) agreed on Thursday to work together to ensure the ultra rich are effectively taxed, in a declaration that seeks a

G20 agree to work on Brazil's 'billionaire tax' idea, implementation seen difficult
Business|Economy|Finance

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal

Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal
Business|Finance|Stock Markets

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024

Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year's biggest

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024
Business|Finance

Insurance broker WTW posts higher Q2 profit on robust product demand

Insurance broker WTW posted a 20% rise in its second-quarter profit on Thursday, helped by a strong performance in its risk and brokerage business.

Insurance broker WTW posts higher Q2 profit on robust product demand
Economy|Finance|News|Political

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024' conference

Republican nominee and former U.S. President Donald Trump once blasted cryptocurrency, calling it a "scam."

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024' conference
Economy|Finance|Stock Markets

Investors recoil as this year's 'everything rally' screeches to a halt

Investors are ditching some of this year's favourite trades as a retreat in the glitzy megacaps risks snowballing into a multi-pronged selloff that

Investors recoil as this year's 'everything rally' screeches to a halt
Business|Finance

Paramount, Skydance merger faces court challenge by shareholder

A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery

Paramount, Skydance merger faces court challenge by shareholder
Business|Finance|Technology

Sibanye Stillwater delays releasing results after cyberattack

Sibanye Stillwater will release half-year financial results on Sept. 12, two weeks later than scheduled, after a cyberattack on its IT system caused limited disruption to its global

Sibanye Stillwater delays releasing results after cyberattack

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