Today: September 23, 2024
Today: September 23, 2024

Finance

Business|Economy|Europe|Finance

German negotiated wage growth slows in likely relief for ECB

Growth in negotiated wages across Germany slowed in the second quarter, providing some relief to European Central Bank policymakers and possibly bolstering the case for another

German negotiated wage growth slows in likely relief for ECB
Business|Finance

Lowe's cuts annual forecasts on weak home improvement demand

Lowe's cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot's concerns of a slim chance of a recovery in home improvement demand this year. The U.S.

Lowe's cuts annual forecasts on weak home improvement demand
Americas|Business|Finance

Hess Guyana's secret value becomes part of Exxon arbitration, sources say

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people

Hess Guyana's secret value becomes part of Exxon arbitration, sources say
Business|Economy|Finance

Fed officials uneasy about job market as they get ready for Jackson Hole

Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S.

Fed officials uneasy about job market as they get ready for Jackson Hole
Business|Economy|Finance|News

S&P 500 hunting cloud nine

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets.

S&P 500 hunting cloud nine
Business|Economy|Finance|Stock Markets

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally

U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium,

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally
Americas|Finance|Stock Markets

MSCI reclassifying Argentina could trigger $1 billion of inflows, JPMorgan says

A potential upgrade for Argentina to emerging market status from index provider MSCI could see nearly $1 billion in investor money pour into the country's stocks, JPMorgan said on

MSCI reclassifying Argentina could trigger $1 billion of inflows, JPMorgan says
Asia|Business|Finance|Technology

India and Malaysia look to reset relations with trade boost

By Krishna N.

India and Malaysia look to reset relations with trade boost
Business|Economy|Finance|Stock Markets

FTSE 100 dips 1% as energy stocks slip and BT hits bottom

The UK's FTSE 100 ended 1% lower on Tuesday, as a third straight day of falling crude prices weighed on energy stocks, and BT dropped to the bottom of FTSE

FTSE 100 dips 1% as energy stocks slip and BT hits bottom
Business|Economy|Europe|Finance

Energy shares lead Europe's STOXX 600 to snap 5-day gains

Europe's main stock index snapped a five-day winning streak on Tuesday, dragged down by heavyweight energy stocks, with investors sizing up domestic

Energy shares lead Europe's STOXX 600 to snap 5-day gains
Business|Finance

Saudi Fund eyes Boeing, Airbus jets for new cargo airline, Bloomberg News reports

Saudi Arabia's Public Investment Fund is in talks to procure jets from Boeing 777 and Airbus 350 for a new cargo airline, Bloomberg News reported on Tuesday, citing people familiar with

Saudi Fund eyes Boeing, Airbus jets for new cargo airline, Bloomberg News reports
Finance|News

Bank of Korea to hold rates steady on Thursday, first cut seen in Oct: Reuters poll

The Bank of Korea will keep its key interest rate at 3.50% on Thursday and cut it next quarter after the U.S.

Bank of Korea to hold rates steady on Thursday, first cut seen in Oct: Reuters poll
Business|Finance|News

US oil, gas M&A activity jumped 57% last year amid industry consolidation

Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by

US oil, gas M&A activity jumped 57% last year amid industry consolidation
Business|Finance

PwC loses major client Bank of China amid regulatory probe

Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation into its

PwC loses major client Bank of China amid regulatory probe
Business|Europe|Finance|Stock Markets

Anticipation builds for Powell blessing on rates

A look at the day ahead in European and global markets from Rae Wee There's a lot hinging on Federal Reserve Chair Jerome Powell's speech at the end of this week but, until then, stocks look set for a

Anticipation builds for Powell blessing on rates
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street slips and breaks an 8-day winning streak

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

Stock market today: Wall Street slips and breaks an 8-day winning streak
Finance|News

Gold extends record rally on dollar weakness, rate-cut bets

Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the

Gold extends record rally on dollar weakness, rate-cut bets
Asia|Business|Finance|Stock Markets

Shares flirt with highs on rate cut bets, US dollar drops

Global stocks hovered near their highest in a month on Tuesday, while the dollar hit an eight-month low, as investors focused on bets that

Shares flirt with highs on rate cut bets, US dollar drops
Asia|Business|Finance

Seven & i shares end lower on regulatory concerns over Couche-Tard bid

Shares in Japan's Seven & i, the owner of 7-Eleven, closed nearly 11% lower on Tuesday as investors weighed up regulatory hurdles to a

Seven & i shares end lower on regulatory concerns over Couche-Tard bid
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Asia|Economy|Finance

China leaves key lending benchmarks unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.

China leaves key lending benchmarks unchanged, as expected
Economy|Finance

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut

The dollar hit a fresh seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut
Africa|Economy|Finance|News

Kenya will reintroduce some tax proposals that sparked deadly protests

Kenya’s new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts

Kenya will reintroduce some tax proposals that sparked deadly protests
Business|Finance

Chinese property developer Kaisa, bondholders agree to restructure offshore debt

Chinese property company Kaisa Group on Tuesday announced an offshore debt restructuring agreement with a key group of bondholders, swapping

Chinese property developer Kaisa, bondholders agree to restructure offshore debt
Economy|Europe|Finance

ECB may need to cut rates again in Sept, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

ECB may need to cut rates again in Sept, Rehn says

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