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

Finance

Americas|Election|Finance|News

Harris raises $540 million since launching her presidential campaign

Democrat Kamala Harris has raised $540 million in little more than a month since she began her race for U.S. president, with a surge of donations flowing in during the

Harris raises $540 million since launching her presidential campaign
Asia|Business|Economy|Finance

Bank of China President Liu Jin resigns

Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.

Bank of China President Liu Jin resigns
Election|Finance|News

Harris campaign says it's raised $540 million and saw a surge of donations during the convention

Vice President Kamala Harris’ campaign says it's now raised $540 million for the presidential race against Donald Trump

Harris campaign says it's raised $540 million and saw a surge of donations during the convention
Business|Finance

Sinopec's H1 profit up on record output despite lower product demand

China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel

Sinopec's H1 profit up on record output despite lower product demand
Business|Economy|Finance

Turkey's Isbank CEO sees challenges ahead, November rate cut

Turkish banks will pay the price throughout next year as challenges linger from the country's economic turnaround, the chief executive of lender Isbank said in an

Turkey's Isbank CEO sees challenges ahead, November rate cut
Economy|Finance

Brazil's central bank chief warns fiscal issues impact monetary policy transmission

Brazil's central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing

Brazil's central bank chief warns fiscal issues impact monetary policy transmission
Economy|Europe|Finance

ECB making good progress but job not done, Lane says

The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still

ECB making good progress but job not done, Lane says
Economy|Finance|News

Fed's actions spoke louder than words in inflation fight, research shows

The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to

Fed's actions spoke louder than words in inflation fight, research shows
Finance

Chinese money brokers pledge anonymity in bond quotation

Two Chinese money brokers said that they will ensure anonymity in the bond quotation process, after traders said some in the market had been avoiding state banks as trading

Chinese money brokers pledge anonymity in bond quotation
Business|Economy|Europe|Finance|News

Swiss finance minister chides US, Europe over 'time bomb' debt levels

Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper

Swiss finance minister chides US, Europe over 'time bomb' debt levels
Asia|Economy|Finance

China regulates bond market based on market principles, state media says

China's financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting

China regulates bond market based on market principles, state media says
Business|Economy|Finance|News

IMF sees scope for Bank of Japan to keep raising rates

The Bank of Japan can raise interest rates gradually as heightening inflation expectations leave further scope to normalise its

IMF sees scope for Bank of Japan to keep raising rates
Africa|Economy|Finance

S&P downgrades Kenya on weaker fiscal and debt trajectory

Global credit ratings agency S&P downgraded Kenya's rating on Friday to "B-" from "B," citing the recent repeal of the East African country's 2024/2025 Finance Bill, which it said will

S&P downgrades Kenya on weaker fiscal and debt trajectory
Business|Finance|Stock Markets|Technology

'Super Bowl' Nvidia earnings stand to test searing AI trade

The rally in U.S. stocks faces an important test next week with earnings from chipmaking giant Nvidia, whose blistering run has powered markets throughout 2024.

'Super Bowl' Nvidia earnings stand to test searing AI trade
Business|Economy|Finance

U.S. Treasuries not the safe bet they once were, research says

No safer than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world's "safe haven" securities, the behavior of U.S.

U.S. Treasuries not the safe bet they once were, research says
Business|Finance

Former Citigroup executive suing bank was fired for performance, company says

Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to

Former Citigroup executive suing bank was fired for performance, company says
Economy|Finance|News

Fed's dovish shift a mixed blessing for BOJ rate hike plan

The U.S.

Fed's dovish shift a mixed blessing for BOJ rate hike plan
Business|Finance|Health

J&J in talks with holdouts to $6.5 billion talc settlement

Johnson & Johnson said on Friday it is negotiating with plaintiffs' lawyers who have opposed the company's proposed settlement of lawsuits

J&J in talks with holdouts to $6.5 billion talc settlement
Business|Finance|Food

Cava rallies to record high as solid demand for steaks and salads boosts forecasts

Mediterranean restaurant chain Cava Group's shares surged over 23% to a record high of $125.38 on Friday, after strong demand for its salad bowls and pita wraps boosted its annual sales

Cava rallies to record high as solid demand for steaks and salads boosts forecasts
Economy|Finance

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now
Economy|Finance|News

See Powell's important announcement about inflation and the economy

Federal Reserve Chairman Jerome Powell signaled that lower interest rates may happen soon while speaking in Wyoming about the Fed's inflation fight. CNN's Julia Chatterley reports.

See Powell's important announcement about inflation and the economy
Business|Economy|Finance|News

Takeaways from Fed Chair Powell's speech at Jackson Hole

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming

Takeaways from Fed Chair Powell's speech at Jackson Hole
Business|Economy|Finance

How to prepare for the Fed's forthcoming interest rate cuts

The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages

How to prepare for the Fed's forthcoming interest rate cuts
Americas|Business|Economy|Finance|News|Stock Markets|World

Powell green lights September rate cut

Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness

Powell green lights September rate cut
Business|Economy|Finance|News

US job market may be near tipping point, research shows

As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the

US job market may be near tipping point, research shows

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