Today: September 24, 2024
Today: September 24, 2024

Finance

Asia|Economy|Finance

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

July 25, 2024
Market analysts react to surprise rate cut in China
Asia|Economy|Finance

China central bank surprises by lending again at lower rates

China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are

July 25, 2024
China central bank surprises by lending again at lower rates
Business|Finance|Technology

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival

July 24, 2024
Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first
Asia|Finance|Stock Markets|Technology

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar

World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen

July 25, 2024
Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar
Asia|Economy|Finance

Chinese banks cut deposit rates to relieve squeezed margins

Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending

July 24, 2024
Chinese banks cut deposit rates to relieve squeezed margins
Economy|Finance

Japanese officials quiet on forex as yen sharply rebounds

Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the

July 24, 2024
Japanese officials quiet on forex as yen sharply rebounds
Asia|Economy|Finance

China central bank unexpectedly conducts medium-term loan operation, cuts interest rate

China's central bank unexpectedly conducted a medium-term lending facility (MLF) operation on Thursday and cut the interest rate, following a string of other rate reductions

July 25, 2024
China central bank unexpectedly conducts medium-term loan operation, cuts interest rate
Asia|Economy|Finance

Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize

The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next

July 25, 2024
Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize
Business|Finance|Health

Australia's Mayne Pharma sues Indian drugmaker Sun Pharma over patent infringement

Mayne Pharma has filed a lawsuit against India's Sun Pharma over infringements of patents related to a certain product used for menopause-related vaginal pain, the Australian drugmaker said

July 24, 2024
Australia's Mayne Pharma sues Indian drugmaker Sun Pharma over patent infringement
Australia|Economy|Finance

Australia's ANZ fires staff amid multiple dealing room investigation

Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an

July 24, 2024
Australia's ANZ fires staff amid multiple dealing room investigation
Business|Crime|Finance

Boeing finalizes 737 MAX guilty plea deal, US outlines reasons

Boeing finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021

July 24, 2024
Boeing finalizes 737 MAX guilty plea deal, US outlines reasons
Economy|Finance

G20 to back progressive taxation, without endorsing 'billionaire tax,' sources say

G20 finance leaders meeting in Brazil are preparing a joint statement for Thursday in support of progressive taxation that will stop short

July 24, 2024
G20 to back progressive taxation, without endorsing 'billionaire tax,' sources say
Business|Finance|Stock Markets

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024

Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market

July 24, 2024
Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024
Asia|Economy|Finance|Stock Markets

A megacap tsunami coming your way

A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out.

July 24, 2024
A megacap tsunami coming your way
Americas|Economy|Environment|Finance

Brazil, US to unveil climate transition initiative, Brazil's finance minister says

Brazil and the United States will unveil a joint climate transition initiative, Brazilian Finance Minister Fernando Haddad said on Wednesday, after earlier meeting with U.S.

July 24, 2024
Brazil, US to unveil climate transition initiative, Brazil's finance minister says
Business|Economy|Finance

Ameriprise Financial's profit jumps on fee income strength

Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.

July 24, 2024
Ameriprise Financial's profit jumps on fee income strength
Business|Economy|Finance

United Rentals posts higher second-quarter profit on equipment demand

Equipment rental firm United Rentals posted a 7.6% rise in second-quarter profit on Wednesday, backed by robust demand for industrial tools and higher rental rates.

July 24, 2024
United Rentals posts higher second-quarter profit on equipment demand
Economy|Finance|Stock Markets

'Fear gauge' hits three-month high as US stocks sell off

A hefty U.S. stocks sell-off sent Wall Street's most watched gauge of market volatility to a three-month high and boosted options trading volume on Wednesday,

July 24, 2024
'Fear gauge' hits three-month high as US stocks sell off
Business|Economy|Finance

Chipotle tops quarterly estimates, warns of margin pressure going forward

Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up

July 24, 2024
Chipotle tops quarterly estimates, warns of margin pressure going forward
Business|Finance|Stock Markets

Newmont beats profit estimates on higher gold production

Newmont Corp beat Wall Street estimates for second-quarter profit on Wednesday, as the world's biggest gold miner benefited from robust production and higher prices.

July 24, 2024
Newmont beats profit estimates on higher gold production
Business|Economy|Finance

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

July 24, 2024
Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Business|Economy|Finance|Stock Markets|Technology

Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street

Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street

July 24, 2024
Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street
Business|Finance|Stock Markets

KKR-backed OneStream surges in market debut

Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at

July 24, 2024
KKR-backed OneStream surges in market debut
Economy|Finance

Bank of England unveils new stability tool to soothe gilt market ructions

The Bank of England on Wednesday set out details of a new financial stability tool that insurers and pension funds will be able to use during severe turbulence in the British

July 24, 2024
Bank of England unveils new stability tool to soothe gilt market ructions
Business|Economy|Finance

Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms

A pick up in intermodal and vehicle shipment volumes combined with higher pricing are expected to blunt the impact from slowing coal demand on second-quarter earnings for

July 24, 2024
Higher pricing, volumes seen easing hit from slowing coal demand for US rail firms

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