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

Finance

Business|Economy|Finance

Shell beats forecasts with $6.3 billion second quarter profit

Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still

Shell beats forecasts with $6.3 billion second quarter profit
Asia|Economy|Finance|Stock Markets

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points
Business|Economy|Finance|Stock Markets

LSEG income surges as Microsoft joint venture moves to next stage

London Stock Exchange Group's income rose strongly in the first half, beating analysts' expectations, helped by progress with its Microsoft joint venture, as well as a

LSEG income surges as Microsoft joint venture moves to next stage
Asia|Business|Finance

Japan's Mitsui, Mitsubishi profit climbs on asset sales, weaker yen

Japanese trading houses Mitsui and Mitsubishi posted increases in first-quarter net profit thanks to asset sales and a weaker yen, beating estimates.

Japan's Mitsui, Mitsubishi profit climbs on asset sales, weaker yen
Business|Economy|Europe|Finance|Stock Markets|Technology

Meta rallies as strong ad revenue cushions AI spending

Meta soared nearly 9% on Thursday after its rosy revenue growth signaled that strong digital-ad spending on its social media platforms can cover the

Meta rallies as strong ad revenue cushions AI spending
Economy|Finance

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years

The Bank of England is cutting interest rates for the first time since the onset of the COVID-19 pandemic in early 2020

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years
Asia|Economy|Finance

BOJ governor's hawkish streak signals more hikes to come

Once seen as a cautious policy dove, Bank of Japan Governor Kazuo Ueda is now presenting himself as a determined hawk who's not afraid to lift interest rates a few

BOJ governor's hawkish streak signals more hikes to come
Asia|Economy|Finance

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Economy|Finance

As rate cuts near, investors assess whether Fed can stick the 'soft landing'

As U.S. rate cuts come into view, investors are confronting a new challenge: figuring out whether the Federal Reserve will be able to ease

As rate cuts near, investors assess whether Fed can stick the 'soft landing'
Economy|Europe|Finance

Markets bet on beneficent BoE

A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17

Markets bet on beneficent BoE
Americas|Economy|Finance|News

Venezuela's Gonzalez should be recognized as election winner, says top US diplomat

U.S.

Venezuela's Gonzalez should be recognized as election winner, says top US diplomat
Economy|Finance

Dollar gains on geopolitical tensions, pound slips after rate cut

The dollar gained on Thursday as rising geopolitical tensions drove a safe-haven boost, while the British pound fell after the Bank of England cut interest rates

Dollar gains on geopolitical tensions, pound slips after rate cut
Business|Economy|Finance

Keppel profit inches higher, with transformation into global manager 'bearing fruit'

Singapore's Keppel on Thursday posted a rise in first-half underlying profit on upbeat performances at its infrastructure and connectivity segments, with the company moving ahead in its

Keppel profit inches higher, with transformation into global manager 'bearing fruit'
Business|Economy|Finance

Singapore's UOB looking at North Asia opportunities as wealth earnings jump

Singapore's United Overseas Bank (UOB) reported a 40% surge in wealth management income during the second quarter and said it was looking at opportunities in

Singapore's UOB looking at North Asia opportunities as wealth earnings jump
Economy|Finance

Bank of England close to cutting rates from 16-year high

The Bank of England looks in a position to cut interest rates on Thursday after holding them at a 16-year high of 5.25% for the past year, though markets and

Bank of England close to cutting rates from 16-year high
Business|Finance|Technology

Lam Research forecasts quarterly revenue above estimates fueled by AI boom

Chip-making tools supplier Lam Research forecast September quarter revenue above Wall Street estimates on Wednesday, anticipating a surge in orders from chip firms amid the AI boom.

Lam Research forecasts quarterly revenue above estimates fueled by AI boom
Economy|Finance

Brazil holds interest rates as expected, flags 'greater caution'

Brazil's central bank on Wednesday kept interest rates unchanged at a second consecutive policy meeting, as expected, flagging a need for "more vigilance" in

Brazil holds interest rates as expected, flags 'greater caution'
Business|Finance

MetLife posts Q2 profit beat on group benefits unit strength

MetLife reported a better-than-expected second-quarter profit on Wednesday, driven by strong performance in its group benefits unit.

MetLife posts Q2 profit beat on group benefits unit strength
Business|Finance

Insurer Aflac beats quarterly profit estimates on higher U.S. premiums

Life and health insurer Aflac reported second-quarter profit above analysts' estimates on Wednesday, helped by higher premiums earned in its U.S. unit.

Insurer Aflac beats quarterly profit estimates on higher U.S. premiums
Asia|Economy|Finance

Extraordinary rally rips through all markets

A look at the day ahead in Asian markets. 

Extraordinary rally rips through all markets
Business|Finance|Stock Markets|Technology

CrowdStrike is sued by shareholders over huge software outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19

CrowdStrike is sued by shareholders over huge software outage
Business|Economy|Finance

Etsy beats quarterly revenue estimates on steady demand for personalized gifts

Etsy beat Wall Street expectations for second-quarter revenue and gross merchandise sales on Wednesday, helped by steady demand for personalized gifts at its online marketplace.

Etsy beats quarterly revenue estimates on steady demand for personalized gifts
Business|Economy|Finance

Tumbling lithium prices push Albemarle to fresh round of cost cuts

Albemarle, the world's largest lithium producer, said on Wednesday it would slash costs for the second time this year and that everything but its dividend could be on

Tumbling lithium prices push Albemarle to fresh round of cost cuts
Business|Economy|Finance

Casino Operator MGM beats second-quarter estimates on recovery in Macau business

MGM Resorts International beat Wall Street's second-quarter estimates on Wednesday, thanks to a strong recovery in Macau following the easing of pandemic-related restrictions last year.

Casino Operator MGM beats second-quarter estimates on recovery in Macau business
Business|Finance

AIG reports smaller-than-expected rise in profit

American International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to

AIG reports smaller-than-expected rise in profit

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