Today: September 22, 2024
Today: September 22, 2024

Finance

Asia|Finance

Hedge funds flock to Japan as market heats up

Japan has emerged as a standout in Asia's subdued $400 billion hedge fund sector, drawing fund launches while other regions suffer closures in an indicator that

Hedge funds flock to Japan as market heats up
Asia|Economy|Finance|News

Thailand to distribute first $4.2 billion of handout scheme starting this month

Thailand will distribute 145 billion baht ($4.2 billion) of its "digital wallet" handout programme earlier than scheduled to support vulnerable groups, a deputy finance minister

Thailand to distribute first $4.2 billion of handout scheme starting this month
Asia|Economy|Finance

Asian Development Bank says president Asakawa to leave in early 2025

The Asian Development Bank said on Monday its president, Masatsugu Asakawa, had announced his intention to step down from his position, effective Feb. 23, 2025.

Asian Development Bank says president Asakawa to leave in early 2025
Business|Finance|Stock Markets

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble

London's benchmark FTSE 100 climbed over 1% amid broader gains led by travel and leisure stocks after an upbeat forecast from gambling group Entain, while

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble
Business|Economy|Europe|Finance

European shares rebound from dour week with central banks in focus

European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the

European shares rebound from dour week with central banks in focus
Economy|Finance|News|World

Lebanon's ex-central bank chief Salameh to remain detained amid probe

A judge ordered Lebanon's former central bank chief Riad Salameh to remain in detention amid a probe into alleged financial crimes committed during

Lebanon's ex-central bank chief Salameh to remain detained amid probe
Business|Economy|Finance|News|World

China's exports likely slowed further in August as trade tensions mount: Reuters poll

China's exports likely grew at the slowest pace in four months in August, as cooling global demand and mounting trade barriers threaten to dim a bright

China's exports likely slowed further in August as trade tensions mount: Reuters poll
Business|Finance

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Business|Economy|Finance

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending

Japan's ruling party official and candidate running in the party's leadership race, Sanae Takaichi, on Monday called for deploying "strategic" fiscal spending to support the economy.

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending
Asia|Business|Europe|Finance|Stock Markets

China still busy exporting disinflation

A look at the day ahead in European and global markets from Wayne Cole It's been a down day for Asia as it catches up with the post-payrolls fallout on Wall Street, with the Nikkei losing another 1.7%

China still busy exporting disinflation
Business|Finance|News

Oil prices edge up as storm nears US Gulf Coast after week of heavy losses

Oil prices rose about 1% on Monday on concerns that a hurricane forecast to hit Louisiana on Wednesday will disrupt production and refining along the U.S.

Oil prices edge up as storm nears US Gulf Coast after week of heavy losses
Business|Finance|Stock Markets

China Renaissance plunges on trade resumption as star dealmaker's absence clouds prospects

China Renaissance shares plunged as much as 72% on Monday after ending a 17-month suspension triggered by a probe involving the boutique investment

China Renaissance plunges on trade resumption as star dealmaker's absence clouds prospects
Business|Economy|Finance

US dollar perks up as traders reduce bets on larger Fed rate cut

The dollar snapped back against the yen and other major currencies on Monday after losses last week, as investors looked ahead to key U.S. inflation

US dollar perks up as traders reduce bets on larger Fed rate cut
Americas|Asia|Business|Finance|Stock Markets

Wall Street surges, dollar firms ahead of data, expected rate cut

U.S. stocks closed sharply higher on Monday and the dollar strengthened as markets awaited key data and actions from central banks.

Wall Street surges, dollar firms ahead of data, expected rate cut
Business|Economy|Finance

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy

Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy
Business|Finance

Westpac appoints insider Anthony Miller as CEO, incumbent Peter King to retire

Westpac Banking Corp has appointed its business and wealth division head Anthony Miller as its new chief executive and managing director, effective from Dec.

Westpac appoints insider Anthony Miller as CEO, incumbent Peter King to retire
Asia|Business|Economy|Finance

Bracing for heavy selloff

A look at the day ahead in Asian markets.

Bracing for heavy selloff
Business|Finance

Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected

Canada's Alimentation Couche-Tard said it was willing to engage in confidential discussions with Japanese retail giant Seven & i Holdings on its $38.5 billion

Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected
Africa|Economy|Finance

Egypt August inflation seen dropping despite price hikes

Egypt's inflation is forecast to have declined for a sixth month in August, helped by a favourable base effect, but some analysts say it is likely to have increased month on month

Egypt August inflation seen dropping despite price hikes
Business|Finance

Munich Re says damage inflation well above CPI rate

Munich Re said on Sunday that it will push for higher reinsurance rates to take into account the fact that costs for insured damages are rising much faster than overall consumer

Munich Re says damage inflation well above CPI rate
Business|Europe|Finance

VW boss says European market shrinking amid tougher competition

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while

VW boss says European market shrinking amid tougher competition
Economy|Europe|Finance

France asks EU to let it delay submitting budget deficit plan, La Tribune reports

France has asked the European Commission to extend beyond Sept. 20 a deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft budget, La Tribune du

France asks EU to let it delay submitting budget deficit plan, La Tribune reports
Business|Economy|Europe|Finance

Italy sees 2025 GDP growth of at least 1.2%, junior minister says

Italy sees its economy expanding by at least 1.2% in 2025, a Treasury junior minister told Reuters, as the government prepares its medium-term structural budget plan to be

Italy sees 2025 GDP growth of at least 1.2%, junior minister says
Business|Crime|Finance

Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino

Casino company Wynn Resorts is paying $130 million to federal authorities and admitting that it allowed unlicensed money transfers from around the world to reach gamblers at its flagship Las Vegas Strip property

Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino
Africa|Economy|Finance|News

China stops short of Africa debt relief as it pledges more cash

China stopped short of providing the debt relief sought by many African countries this week, but pledged 360 billion yuan ($50.7 billion)

China stops short of Africa debt relief as it pledges more cash

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