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

Finance

Business|Europe|Finance|Technology

Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges

Europe's STOXX 600 rose on Thursday and Germany's DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for

Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges
Business|Economy|Finance

Bond markets face a reckoning after stellar summer run

Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation,

Bond markets face a reckoning after stellar summer run
Business|Economy|Finance

Chinese regional banks investment revenues surge even as lending falters

Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flailing

Chinese regional banks investment revenues surge even as lending falters
Business|Economy|Finance

S.Korea exports seen extending gains, inflation to hit BOK target: Reuters poll

South Korea's exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on Thursday, with economists noting rising momentum in

S.Korea exports seen extending gains, inflation to hit BOK target: Reuters poll
Asia|Economy|Finance

As it reins in wasteful investment, China frets over growth

China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure

As it reins in wasteful investment, China frets over growth
Asia|Business|Finance|Technology

Asian firms' earnings outlook improves as chip sector shines

A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region's semiconductor firms

Asian firms' earnings outlook improves as chip sector shines
Business|Europe|Finance|Stock Markets|Technology

Nvidia watch party over, back to inflation vigil

A look at the day ahead in European and global markets from Stella Qiu It is a sea of red in Asia as AI darling Nvidia failed to meet expectations of investors who were not satisfied with its profits,

Nvidia watch party over, back to inflation vigil
Asia|Business|Economy|Finance|News

South Korea's Yoon says to 'manage' policy loan rates if housing market heats up

South Korean President Yoon Suk Yeol said on Thursday there was a need to "manage" policy loan rates should expectations about lower borrowing costs lead to further price increases in

South Korea's Yoon says to 'manage' policy loan rates if housing market heats up
Business|Finance

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion

Pipeline operator ONEOK said it would buy midstream assets in deals worth $5.9 billion from Global Infrastructure Partners, bolstering its position in the

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion
Business|Finance|News

Australia's CBA chief blasts misinformation, populism targeting corporates

The CEO of Australia's biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back against

Australia's CBA chief blasts misinformation, populism targeting corporates
Americas|Asia|Business|Finance|Stock Markets|Technology

Stocks ease past Nvidia blues, crude oil rebounds

Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia's results, while oil prices rebounded

Stocks ease past Nvidia blues, crude oil rebounds
Asia|Economy|Finance

South Korea's Yoon pledges urgent reform of $860 billion public pension fund

South Korean President Yoon Suk Yeol on Thursday pledged urgent reform of the national pension fund, one of the world's largest with $860 billion of

South Korea's Yoon pledges urgent reform of $860 billion public pension fund
Business|Economy|Finance

New Zealand business confidence soars in August, ANZ survey shows

New Zealand's business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly, an ANZ Bank survey showed on Thursday.

New Zealand business confidence soars in August, ANZ survey shows
Business|Economy|Finance

US dollar gains for 2nd day after GDP backs smaller Fed cut

The U.S. dollar rose for a second straight session on Thursday after data showed the world's largest economy grew a little faster than expected in the

US dollar gains for 2nd day after GDP backs smaller Fed cut
Asia|Business|Finance

Nippon Steel to make additional investment in US Steel's mills

Japan's biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about $1.3 billion in U.S.

Nippon Steel to make additional investment in US Steel's mills
Business|Economy|Finance

Oil settles up over 1% on worries over supplies from Libya, Iraq

Oil prices settled up by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in Iraq raised fears of tighter global

Oil settles up over 1% on worries over supplies from Libya, Iraq
Business|Finance|Technology

J.D. Power cuts U.S. EV sales forecast to 9% as growth slows

U.S. electric vehicle (EV) sales are expected to reach just 9% of the market this year, consulting firm J.D. Power said in a report on Wednesday, lowering its previous forecast of 12%.

J.D. Power cuts U.S. EV sales forecast to 9% as growth slows
Africa|Business|Economy|Finance

China's lending to Africa rises for first time in seven years, study shows

Chinese lenders approved loans worth $4.61 billion to Africa last year, marking the first annual increase since 2016, an independent study showed on Thursday.

China's lending to Africa rises for first time in seven years, study shows
Economy|Finance|News

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure

Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be "time to move"

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure
Business|Economy|Finance

Qantas profits dip as fares fall, announces further share buy-back

Australia's Qantas Airways announced an additional share buyback on Thursday but no dividend for the fifth year, as the airline reported a 16% annual

Qantas profits dip as fares fall, announces further share buy-back
Business|Finance

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports

Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar with

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports
Business|Finance|Technology

Nvidia's rally takes a break after forecasts fall short of investor expectations

Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the

Nvidia's rally takes a break after forecasts fall short of investor expectations
Asia|Business|Finance|Stock Markets

Nvidia waiting game over, caution descends

A look at the day ahead in Asian markets. Hold on to your hats, or prepare for lift off?

Nvidia waiting game over, caution descends
Business|Finance|News|Technology

Tesla asked Canada for lower tariff on China-made EVs, government source says

Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a

Tesla asked Canada for lower tariff on China-made EVs, government source says
Business|Finance|Travel

Air New Zealand warns of tough year ahead after profit drop, shares fall

Air New Zealand reported a 61% drop in annual profit on Thursday and warned of potential impacts from sticky inflation, intense competition and engine-related maintenance issues in the

Air New Zealand warns of tough year ahead after profit drop, shares fall

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