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

Finance

Business|Economy|Finance|Technology

Traders eye return to business as usual after cyber outage, issues remain

Trading returned to normal on Friday after a global technology outage hampered operations at financial firms from London to Singapore and New York, although a few residual

Traders eye return to business as usual after cyber outage, issues remain
Economy|Finance

Neutral rate cannot determine monetary policy in India, says cenbank chief

The Indian central bank's target is to bring down inflation to 4% and though it looks at the real and neutral rates in the economy, those cannot be

Neutral rate cannot determine monetary policy in India, says cenbank chief
Economy|Finance|Stock Markets

UK stocks end with weekly losses as commodity-linked stocks weigh

London stocks finished the week lower amid a global cyber outage on Friday as investors assessed a fall in domestic retail sales in June, while

UK stocks end with weekly losses as commodity-linked stocks weigh
Business|Economy|Finance

Thailand plans new financial business law to attract funds, official says

Thailand is planning to introduce a new financial business law to attract foreign funds and facilitate investment in the sector, a deputy finance minister said on Friday.

Thailand plans new financial business law to attract funds, official says
Economy|Europe|Finance|Stock Markets

Europe's STOXX 600 logs weekly decline as tech, resources shares weigh

European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with falling commodity-linked

Europe's STOXX 600 logs weekly decline as tech, resources shares weigh
Economy|Finance

China likely to maintain lending rates even as economy slows: Reuters poll

China is expected to leave benchmark lending rates unchanged on Monday, while more market participants project further monetary easing to aid the economy following

China likely to maintain lending rates even as economy slows: Reuters poll
Economy|Europe|Finance

ECB policymakers back more rate cuts as inflation heads back to goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

ECB policymakers back more rate cuts as inflation heads back to goal
Business|Finance

Japan's MUFG cuts CEO, five other executives' pay after 'firewall' breaches

Japan's largest banking group Mitsubishi UFJ Financial Group (MUFG) will cut the pay of its CEO and five other executives following the breaching of "firewall"

Japan's MUFG cuts CEO, five other executives' pay after 'firewall' breaches
Business|Economy|Finance

Lift makers' order intakes hold up despite slow China

European liftmakers Schindler and Kone posted second-quarter order intake above expectations on Friday, but warned China's construction

Lift makers' order intakes hold up despite slow China
Economy|Europe|Finance

Markets strap in for a bumpy ride

A look at the day ahead in European and global markets from Rae Wee It's been a turbulent week for investors marked by a tech selloff on the back of deepening Sino-U.S. trade tensions, uncertainty

Markets strap in for a bumpy ride
Asia|Economy|Finance

BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll

The Bank of Japan will skip raising interest rates at its policy-setting meeting at the end of July as it looks to boost tepid economic growth, more than three-

BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll
Asia|Economy|Finance

Japan to convey its forex stance at G20 meetings in Brazil, Finance Minister says

Finance Minister Shunichi Suzuki said on Friday that he would convey Japan's stance on foreign exchange at meetings of the Group of Twenty (G20) finance leaders to be held in Rio de

Japan to convey its forex stance at G20 meetings in Brazil, Finance Minister says
Economy|Finance

Dollar climbs for the week, cyber outage unsettles investors

The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters

Dollar climbs for the week, cyber outage unsettles investors
Economy|Finance

Oil settles at one-month low on Gaza ceasefire hopes

Oil prices settled over $2 lower on Friday at their lowest level since mid-June as investors eyed a possible ceasefire in Gaza, while a strengthened dollar

Oil settles at one-month low on Gaza ceasefire hopes
Asia|Business|Finance|Stock Markets|Technology

TSMC shares fall sharply amid Nasdaq plunge, despite strong earnings

Taipei-listed shares of TSMC ended 3.5% lower on Friday, dragged down by continuing geopolitical concerns and overnight losses on U.S. markets, despite the chipmaker posting strong

TSMC shares fall sharply amid Nasdaq plunge, despite strong earnings
Americas|Economy|Finance

Brazil freezes $2.7 billion from 2024 budget after market turmoil

Brazil's Finance Minister Fernando Haddad unveiled plans on Thursday to freeze 15 billion reais ($2.70 billion) from the 2024 budget as the government struggles to meet this year's

Brazil freezes $2.7 billion from 2024 budget after market turmoil
Business|Finance

Citi reaches settlement with Montreal Exchange on options reporting

Citigroup reached an agreement with the Bourse de Montreal to resolve allegations that it failed to report positions on options contracts exceeding a certain threshold, the exchange said on

Citi reaches settlement with Montreal Exchange on options reporting
Asia|Economy|Finance

Hoping for calm after tech storm, Japan CPI eyed

A look at the day ahead in Asian markets.

Hoping for calm after tech storm, Japan CPI eyed
Business|Finance|Technology

Collaboration software maker Smartsheet fields buyout interest, sources say

Smartsheet, a U.S. maker of workplace collaboration software with a market value of $6.6 billion, has tapped investment bankers after attracting acquisition

Collaboration software maker Smartsheet fields buyout interest, sources say
Economy|Finance|Stock Markets

Dow closes more than 500 points lower and tech rout continues

Dow closes more than 500 points lower and tech rout continues

Dow closes more than 500 points lower and tech rout continues
Business|Economy|Finance|Health|Stock Markets

Ardent Health falls 6% in lukewarm NYSE debut

Healthcare provider Ardent Health's shares opened 6% below their initial public offering price in their NYSE debut on Thursday, reflecting new investor caution with new listings amid rate

Ardent Health falls 6% in lukewarm NYSE debut
Business|Finance|Technology

CD&R explores sale of a stake in software maker Epicor, sources say

Private equity firm Clayton, Dubilier & Rice is exploring options including the sale of a stake in Epicor Software, which counts Formula

CD&R explores sale of a stake in software maker Epicor, sources say
Business|Finance

Goldman Sachs names senior dealmakers in reshuffle, memo says

Goldman Sachs has made a handful of senior leadership appointments within its investment banking team, according to an internal

Goldman Sachs names senior dealmakers in reshuffle, memo says
Economy|Finance

Big central banks are starting to cut rates, slowly

The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to

Big central banks are starting to cut rates, slowly
Business|Finance|Stock Markets

Textron posts quarterly profit beat on business jet, helicopter demand

Textron beat Wall Street estimates for second-quarter profit on Thursday, on higher demand across its businesses that make private jets and military helicopters.

Textron posts quarterly profit beat on business jet, helicopter demand

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