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

Finance

Asia|Business|Finance

Asian bonds attract massive inflows in August on Fed easing hopes

Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September.

Asian bonds attract massive inflows in August on Fed easing hopes
Business|Economy|Finance

Trafigura appoints Jiri Zrust as Global Head of Operational Assets

Global commodity trading house Trafigura has announced it will appoint Jiri Zrust to the newly opened role of Global Head of Operational Assets.

Trafigura appoints Jiri Zrust as Global Head of Operational Assets
Business|Finance

Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic gas pipeline

Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday.

Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic gas pipeline
Asia|Business|Economy|Finance

Thailand is studying $9 billion infrastructure fund, finance minister says

Thailand is looking into setting up an infrastructure fund worth 300 billion baht ($9 billion) to invest in train projects, the finance minister said on Monday.

Thailand is studying $9 billion infrastructure fund, finance minister says
Business|Economy|Europe|Finance

European shares end marginally lower on tech drag; Fed in focus

Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the index, while the focus remained on the U.S

European shares end marginally lower on tech drag; Fed in focus
Business|Finance

Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs

Banks, insurance and trading firms returned to favour as hedge funds last week snapped up these company stocks at the fastest pace since June 2023, a Goldman Sachs

Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs
Finance|Technology

Thailand expects less than 40 million to join handout scheme, official says

Thailand expects less than 40 million people to sign up for its flagship digital wallet handout scheme, with the first phase set to be distributed to 14.5 million vulnerable people

Thailand expects less than 40 million to join handout scheme, official says
Business|Finance

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says

Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut

Shares are mixed in Asia after the Dow Jones Industrial Average set a record as Wall Street gears up for Federal Reserve's most anticipated meeting in years

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
Business|Economy|Finance

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
Business|Europe|Finance

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper

A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday, adding a decision

UniCredit, Commerzbank merger could add shareholder value, Orcel tells paper
Business|Economy|Finance

Thai baht is too strong and impacting exports, minister says

Thailand's baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on the currency, the

Thai baht is too strong and impacting exports, minister says
Economy|Finance|News

Why Fed rate cuts matter to world markets

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States.

Why Fed rate cuts matter to world markets
Americas|Business|Economy|Europe|Finance

Hanging on the Fed

A look at the day ahead in European and global markets from Wayne Cole. It's finally decision time for the U.S.

Hanging on the Fed
Economy|Finance|News

Taiwan set to hold rates steady on inflation worries: Reuters poll

Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with lingering inflation concerns,

Taiwan set to hold rates steady on inflation worries: Reuters poll
Finance|Stock Markets

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever

Hedge funds are their most bullish on the Japanese yen in eight years, but as their 'long' positions grow and the currency strengthens, yen volatility is

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever
Economy|Finance

Argentina's draft 2025 budget foresees 5% GDP growth

The draft of Argentina's 2025 budget foresees the economy expanding 5% and the primary fiscal surplus representing 1.3% of gross domestic product, according to a summary

Argentina's draft 2025 budget foresees 5% GDP growth
Business|Economy|Finance

Oil prices climb on hurricane impact ahead of US rate decision

Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S.

Oil prices climb on hurricane impact ahead of US rate decision
Asia|Business|Finance|Stock Markets

Tech stocks drag, dollar plumbs lows on rate cut expectations

Tech stocks dragged on U.S. indexes and the dollar touched a more than one-year low against the yen on Monday as all eyes looked to a Federal Reserve meeting later

Tech stocks drag, dollar plumbs lows on rate cut expectations
Economy|Finance

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut
Americas|Election|Finance|News|Stock Markets

Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump

U.S. stock futures and the dollar were little changed on Sunday after Republican presidential candidate Donald Trump was safe following what the FBI said

Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
Business|Finance

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal

New Zealand's Auckland International Airport said on Monday it will undertake an equity raise of NZ$1.4 billion($861.8 million) for a planned capital investment program.

NZ's Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal
Business|Economy|Finance

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race
Business|Finance

Air Canada strikes last-minute deal with pilots' union, averting strike

Air Canada has reached a tentative, last-minute deal with its pilots' union over a new four-year collective agreement, the airline said on Sunday, ending a stand-off

Air Canada strikes last-minute deal with pilots' union, averting strike
Business|Economy|Finance|News

Bank of Canada governor raises prospect of faster rate cuts, FT reports

Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.

Bank of Canada governor raises prospect of faster rate cuts, FT reports

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