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

Finance

Asia|Economy|Finance

Japan's core inflation accelerates for 4th month in August

Japan's core consumer inflation accelerated for the fourth straight month in August and tracked comfortably above the central bank's 2% target, data showed on Friday,

Japan's core inflation accelerates for 4th month in August
Business|Economy|Europe|Finance

More UK employers plan reduced pay increases for 2025, IDR survey shows

British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation

More UK employers plan reduced pay increases for 2025, IDR survey shows
Business|Finance|News|Sports

Nike names Elliott Hill as CEO, replacing John Donahoe

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

Nike names Elliott Hill as CEO, replacing John Donahoe
Economy|Europe|Finance

German tax revenue rose by 5.3% in August

Germany's federal and state governments' tax revenue rose 5.3% in August compared with the same month last year, the finance ministry said on Friday.

German tax revenue rose by 5.3% in August
Business|Finance|Food

Hershey Co lays off some workers this week

A spokesperson for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organizational changes the

Hershey Co lays off some workers this week
Business|Finance|Health|Technology

JPMorgan names heads for healthcare, tech investment banking

JPMorgan Chase announced on Thursday leadership changes in a push to strengthen its healthcare and technology investment banking, according to an internal memo seen by Reuters.

JPMorgan names heads for healthcare, tech investment banking
Asia|Business|Economy|Finance

Central bank baton passes to Japan, China

A look at the day ahead in Asian markets. A bumper week of central bank meetings that included the U.S.

Central bank baton passes to Japan, China
Business|Economy|Finance

Global investors brace for turmoil as big Fed cut sows confusion

Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world's dominant economy is

Global investors brace for turmoil as big Fed cut sows confusion
Business|Crime|Economy|Finance|News

Aviation executive Farhad Azima settles with law firm Dechert over hacking claim

Missouri-based aviation executive Farhad Azima said on Thursday he had settled with the law firm Dechert and two of its former senior attorneys over allegations

Aviation executive Farhad Azima settles with law firm Dechert over hacking claim
Business|Economy|Finance

BOJ keeps rates steady, upgrades view on consumption

The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signalling its confidence a solid economic recovery would allow

BOJ keeps rates steady, upgrades view on consumption
Business|Economy|Finance|Stock Markets

M&G sees value in long-dated government bonds, non-US equities

M&G Investments sees attractive valuations in some longer-duration government bonds and non-U.S. equities, a multi-asset fund manager at the London-based firm said on Thursday.

M&G sees value in long-dated government bonds, non-US equities
Business|Economy|Finance

US homebuilder Lennar beats Q3 profit estimates on higher home deliveries

Lennar Corp reported third-quarter profit above Wall Street estimates on Thursday, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured in more

US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
Business|Finance|Stock Markets

FedEx quarterly profit disappoints as demand for speedy delivery wanes

FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from

FedEx quarterly profit disappoints as demand for speedy delivery wanes
Business|Finance|Technology

Terraform Labs approved for bankruptcy wind-down after US SEC settlement

Terraform Labs received court approval on Thursday to wind down its operations in bankruptcy after agreeing to settle a U.S.

Terraform Labs approved for bankruptcy wind-down after US SEC settlement
Americas|Business|Economy|Finance|Stock Markets

BMO raises S&P 500 target for 2024 to 6,100 from 5,600

BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600.

BMO raises S&P 500 target for 2024 to 6,100 from 5,600
Africa|Business|Economy|Finance

Coca-Cola plans to invest $1 billion in Nigeria operations, presidency says

Coca-Cola plans to invest $1 billion in its Nigeria operations over the next five years, the country's presidency said after a meeting between President Bola Tinubu and senior

Coca-Cola plans to invest $1 billion in Nigeria operations, presidency says
Business|Finance|Technology

Apple begins testing AI software designed to bring a smarter Siri to the iPhone 16

Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday

Apple begins testing AI software designed to bring a smarter Siri to the iPhone 16
Business|Economy|Finance|News

Biden says Fed made 'declaration of progress' with interest rate cut

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased

Biden says Fed made 'declaration of progress' with interest rate cut
Business|Finance|News

BNSF Railway reaches tentative agreement with SMART union

Berkshire Hathaway-owned BNSF Railway said on Thursday it has reached a tentative agreement, for a five-year deal, with the International Association of Sheet Metal, Air, Rail and

BNSF Railway reaches tentative agreement with SMART union
Business|Economy|Environment|Finance

World Bank climate finance reaches record $42.6 billion in fiscal 2024

The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal 2024, a 10% increase over the $38.6 billion the prior year and close to

World Bank climate finance reaches record $42.6 billion in fiscal 2024
Economy|Finance

Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut

The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve

Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
Business|Finance|Technology

At Google antitrust trial, documents say one thing. The tech giant's witnesses say different

The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to believe what Google executives wrote or what they’ve said on the witness stand

At Google antitrust trial, documents say one thing. The tech giant's witnesses say different
Business|Finance|News

US Senate panel OKs action against Steward Health Care CEO for defying subpoena

Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel

US Senate panel OKs action against Steward Health Care CEO for defying subpoena
Business|Finance|News|Stock Markets

Macquarie unit to pay nearly $80 million to settle SEC charges

A Macquarie Group investment adviser has agreed to pay $79.8 million to settle charges in connection with overvaluing collateralized mortgage obligations (CMO) held in advisory

Macquarie unit to pay nearly $80 million to settle SEC charges
Business|Finance

Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports

Hedge fund Two Sigma is likely to have to pay as much as $100 million to resolve a U.S.

Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports

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