Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Europe|Finance

Big Tech, calls for looser rules await new EU antitrust chief

Teresa Ribera will have to square up to Big Tech, banks and airlines if confirmed as Europe's new antitrust chief, while juggling calls for looser rules to help

Big Tech, calls for looser rules await new EU antitrust chief
Business|Economy|Finance|News|Stock Markets

S&P 500 ends little changed as early gains fade before Fed decision

U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors

S&P 500 ends little changed as early gains fade before Fed decision
Business|Economy|Finance|News

US retailer holiday hiring set to be lower than last year

U.S. retailers will hire fewer seasonal workers this holiday season than last year due to a softer labor market and tighter consumer spending heading into the crucial

US retailer holiday hiring set to be lower than last year
Economy|Finance

Bond investors debate recession risks with Fed easing finally at hand

Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut

Bond investors debate recession risks with Fed easing finally at hand
Europe|Finance

Five questions for France's next finance minister

Once appointed, French Prime Minister Michel Barnier's new finance minister must lose no time coming up with a 2025 budget that could make or break the incoming government.

Five questions for France's next finance minister
Africa|Economy|Finance

Concerns mount over Senegal fiscal shortfalls ahead of election

Senegal's slower economic growth, its widening fiscal deficit and a potential delay in International Monetary Fund financing could cloud the outlook ahead of Nov.

Concerns mount over Senegal fiscal shortfalls ahead of election
Europe|Finance|News

Sweden to boost defence spending by $1.3 billion in 2025

NATO's newest member Sweden plans to raise its defence spending by 13 billion crowns ($1.3 billion) in the state budget for 2025 to a total of 138 billion, Defence Minister Pal

Sweden to boost defence spending by $1.3 billion in 2025
Asia|Economy|Finance

Indonesia parliamentary body approves higher spending for incoming govt

Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is

Indonesia parliamentary body approves higher spending for incoming govt
Business|Entertainment|Finance

UMG, Taylor Swift's music label, sees higher profit, helped by superfans

Universal Music Group said on Tuesday it expects annual core profit growth of more than 10% through 2028 on higher subscription revenue, expanded partnerships, and boosted by the superfans

UMG, Taylor Swift's music label, sees higher profit, helped by superfans
Africa|Economy|Finance

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
Business|Finance|Stock Markets

FTSE 100 hits two-week high, Kingfisher surges

The FTSE 100 rose to a two-week high on Tuesday, lifted by a rise in retailer and personal goods shares, while investors prepared for central bank

FTSE 100 hits two-week high, Kingfisher surges
Economy|Europe|Finance

BNP Paribas says euro could rise, not fall, if recession hits

BNP Paribas Markets 360 reckons the euro could rally against the dollar if there is a global recession, marking a break with past trading dynamics.

BNP Paribas says euro could rise, not fall, if recession hits
Business|Finance|Stock Markets

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal

Flutter said on Tuesday it would buy Italy's Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech,

Flutter bets on Italian gambling market with $2.6 billion Snaitech deal
Africa|Economy|Finance

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year

Kenya's finance ministry forecasts a fall in the budget deficit to 3.5% of gross domestic product (GDP) in the 2025/26 fiscal year that starts next July, from 4.3% of GDP in the

Kenya forecasts budget deficit will fall to 3.5% of GDP next fiscal year
Business|Economy|Europe|Finance

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision

Europe's STOXX 600 recorded its highest closing level in two-weeks on Tuesday, as global markets remained upbeat on the prospects of the U.S.

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision
Economy|Finance

Rate-cut fever boosts investor sentiment in September, BofA survey shows

Global investor sentiment improved in September for the first time since June on optimism over a soft landing and interest rate cuts by the U.S.

Rate-cut fever boosts investor sentiment in September, BofA survey shows
Business|Economy|Finance

India's August wholesale inflation cools to 1.31% as global oil prices fall

India's wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and

India's August wholesale inflation cools to 1.31% as global oil prices fall
Asia|Business|Economy|Finance

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
Asia|Business|Europe|Finance|Stock Markets

Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the yen's low-

Yen's big week begins
Business|Finance|Technology

Pentagon awards rocket motor maker Ursa Major $12.5 million

U.S. rocket propulsion startup Ursa Major said on Tuesday it was awarded a $12.5 million contract to build out production and testing for new solid fuel rocket

Pentagon awards rocket motor maker Ursa Major $12.5 million
Economy|Finance|Technology

Central bank digital currency momentum growing, study shows

A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and

Central bank digital currency momentum growing, study shows
Asia|Business|Finance|Stock Markets

Midea's strong Hong Kong debut after $4 billion listing boosts outlook

Midea Group rose as much as 9.5% on its Hong Kong trading debut after the Chinese home appliances maker raised nearly $4 billion in the city's largest

Midea's strong Hong Kong debut after $4 billion listing boosts outlook
Business|Finance|Technology

Trump offers little detail at crypto business unveiling

Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X

Trump offers little detail at crypto business unveiling
Business|Finance

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event

Republican presidential nominee Donald Trump has launched his family’s cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform

Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event
Business|Economy|Finance|News

Oil prices settle up on supply shocks, prospect of US interest rate cuts

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S.

Oil prices settle up on supply shocks, prospect of US interest rate cuts

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