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

Finance

Business|Economy|Finance|Technology

Trump faces a $2 billion decision over his social media empire

Trump faces a $2 billion decision over his social media empire

September 19, 2024
Trump faces a $2 billion decision over his social media empire
Economy|Finance|News

Stocks lap up Fed's fast 'recalibration', BoE up next

A look at the day ahead in U.S. and global markets from Mike Dolan After a typical skittish first-day reaction, world markets are on Thursday embracing the new Federal Reserve stance as insurance on

September 19, 2024
Stocks lap up Fed's fast 'recalibration', BoE up next
Business|Economy|Finance|News|Stock Markets

S&P 500 surges to record high close on euphoria over Fed rate cut

The S&P 500 surged to a record high close on Thursday, the day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate

September 19, 2024
S&P 500 surges to record high close on euphoria over Fed rate cut
Economy|Finance

Big Fed cut puts an ECB move next month on traders' radar

A big interest rate cut from the U.S.

September 19, 2024
Big Fed cut puts an ECB move next month on traders' radar
Economy|Europe|Finance|News

Norway keeps rate on hold, says restrictive policy needed

Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as widely expected, and said any cuts must wait until the first

September 19, 2024
Norway keeps rate on hold, says restrictive policy needed
Business|Finance

AlShaya Starbucks franchise stake sale talks on hold, sources say

The sale of a stake in the Middle East, North Africa and central Asia Starbucks franchise operated by Kuwait's AlShaya Group is on hold,

September 19, 2024
AlShaya Starbucks franchise stake sale talks on hold, sources say
Business|Economy|Finance

Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut

The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

September 19, 2024
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Economy|Europe|Finance

Euro zone current surplus shrinks

The euro zone's current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and

September 19, 2024
Euro zone current surplus shrinks
Africa|Business|Economy|Finance|News

Zimbabwe's new currency faces headwinds five months on

Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's

September 19, 2024
Zimbabwe's new currency faces headwinds five months on
Asia|Economy|Finance|Stock Markets

Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a

September 19, 2024
Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows
Economy|Finance|Stock Markets

BofA now expects Fed to go for 75 bps in rate cuts in Q4

BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this year to 75 basis points, after the U.S. central bank kicked off

September 19, 2024
BofA now expects Fed to go for 75 bps in rate cuts in Q4
Economy|Europe|Finance

European shares advance as global markets cheer Fed's outsized rate cut

European stocks jumped on Thursday after the U.S.

September 19, 2024
European shares advance as global markets cheer Fed's outsized rate cut
Asia|Economy|Finance|News|Stock Markets

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates

September 19, 2024
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Asia|Economy|Election|Finance

Sri Lanka's presidential election to test economic green shoots

Sri Lanka's election this coming Saturday has raised doubts over when its long-awaited debt deal with bondholders will be finalised, if

September 19, 2024
Sri Lanka's presidential election to test economic green shoots
Business|Finance|Technology

Analog Devices, Tata Group in talks to make semiconductors in India

Analog Devices (ADI) and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on

September 19, 2024
Analog Devices, Tata Group in talks to make semiconductors in India
Business|Finance|Stock Markets

Market calm yields to stocks surge as investors cheer Fed rate cut

An initial muted market reaction following the Federal Reserve’s first rate cut in four years gave way to a surge in U.S.

September 19, 2024
Market calm yields to stocks surge as investors cheer Fed rate cut
Finance|News

After jumbo Fed rate cut, market hopes ride on US soft landing

One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the

September 19, 2024
After jumbo Fed rate cut, market hopes ride on US soft landing
Business|Economy|Europe|Finance|News

UK inflation to keep BoE on cautious path

A look at the day ahead in European and global markets from Rae Wee With the Federal Reserve's highly anticipated rate cut done and dusted, the Bank of England (BoE) is next up in the rate decision

September 19, 2024
UK inflation to keep BoE on cautious path
Asia|Business|Economy|Finance|News

Indonesia's parliament passes Prabowo's maiden budget

Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal

September 19, 2024
Indonesia's parliament passes Prabowo's maiden budget
Economy|Finance|News

Fed sees higher 'terminal' rate, reached sooner: McGeever

Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook for the fed funds rate's

September 19, 2024
Fed sees higher 'terminal' rate, reached sooner: McGeever
Asia|Business|Finance|Technology

China aircraft lessor orders 50 737 MAX jets, in boost to Boeing

China Development Bank Financial Leasing said its aircraft leasing unit would order 50 Boeing 737 MAX 8 jets, in a boost to the planemaker that has been grappling with a slowdown in Chinese

September 18, 2024
China aircraft lessor orders 50 737 MAX jets, in boost to Boeing
Asia|Business|Economy|Finance

Stocks shine, Treasury yields rise as rate cut stokes risk appetite

Major Wall Street indexes broke record highs after global counterparts booked gains and Treasury yields rose on Thursday as the start of the Federal Reserve's first

September 19, 2024
Stocks shine, Treasury yields rise as rate cut stokes risk appetite
Business|Economy|Finance

Australia's jobs race ahead in blow to early rate cut calls

Australian employment blew past forecasts for a third straight month in August, yet the jobless rate held steady as the workforce also expanded at a

September 19, 2024
Australia's jobs race ahead in blow to early rate cut calls
Americas|Asia|Business|Economy|Finance

Oil ends more than 1% higher on US rate cut, declining crude stockpiles

Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and declining global stockpiles helped

September 18, 2024
Oil ends more than 1% higher on US rate cut, declining crude stockpiles
Economy|Finance|News|Stock Markets

Dollar slips in choppy trading as traders grapple with Fed's giant rate cut

The U.S. dollar slipped in choppy trading on Wednesday as markets grappled

September 18, 2024
Dollar slips in choppy trading as traders grapple with Fed's giant rate cut

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