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

Finance

Economy|Finance

Ethiopia's IMF deal paves way for debt restructuring, official says

Ethiopia's new $3.4 billion financing deal with the International Monetary Fund paves the way for completion of its long-delayed debt restructuring in the

Ethiopia's IMF deal paves way for debt restructuring, official says
Asia|Economy|Finance|Stock Markets

China securities regulator promotes law enforcement chief to vice chair

China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten

China securities regulator promotes law enforcement chief to vice chair
Economy|Europe|Finance|Technology

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision

European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the market, with focus squarely on the Federal

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision
Business|Finance|Health

Dialysis firm FMC cuts outlook for US treatment volumes, shares fall

World's largest dialysis specialist Fresenius Medical Care cut the outlook for volumes in its key U.S. market on Tuesday after revenue from treatments there fell in the second quarter,

Dialysis firm FMC cuts outlook for US treatment volumes, shares fall
Asia|Economy|Finance

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate

Asian stocks are mostly higher following a decision by the Bank of Japan to raise its benchmark interest rate

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate
Asia|Business|Finance

Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management

Nomura Holdings, Japan's largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets and return of

Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management
Business|Economy|Europe|Finance

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say

Switzerland's financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse,

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say
Business|Economy|Finance

Australian corporate profits' decline to accelerate this year, says UBS

Australian companies will likely post a steeper drop in profit this year than they did last year, as they struggle to match the 'abnormally high' earnings since the COVID-19 pandemic, UBS

Australian corporate profits' decline to accelerate this year, says UBS
Business|Finance

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say

India's Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say
Asia|Economy|Finance

Investors stick to bets on Japan banks amid rate hike hopes

Japanese banks have attracted larger foreign investment flows than other sectors, as investors see them as top beneficiaries of potential monetary tightening.

Investors stick to bets on Japan banks amid rate hike hopes
Economy|Europe|Finance

Oil slips and equities ease in pre-Fed drift

A look at the day ahead in European and global markets from Tom Westbrook Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock

Oil slips and equities ease in pre-Fed drift
Business|Finance

StanChart unveils record $1.5 billion buyback, boosts income outlook

Standard Chartered (StanChart) announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on

StanChart unveils record $1.5 billion buyback, boosts income outlook
Asia|Business|Finance|Stock Markets

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say

Malaysia's top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say
Business|Economy|Finance

So far, global earnings are just good enough to feel disappointing

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China's economy hurt global consumer sentiment, taking the shine

So far, global earnings are just good enough to feel disappointing
Economy|Finance

BOJ to debate rate hike timing as Fed opens door to cuts

The Bank of Japan will detail plans to taper its huge bond buying and debate the timing of a next interest rate hike on Wednesday, signalling its resolve to steadily

BOJ to debate rate hike timing as Fed opens door to cuts
Economy|Finance

Global stock index dips on earnings and Fed jitters

MSCI's global equities gauge lost ground on Tuesday as investors were jittery ahead of major corporate earnings reports and central bank meetings

Global stock index dips on earnings and Fed jitters
Economy|Finance

Yen gains on reports of possible BOJ hike to 0.25%

The Japanese yen gained on Tuesday on news reports that the Bank of Japan is considering raising rates to 0.25% when it concludes its two-day meeting on Wednesday.

Yen gains on reports of possible BOJ hike to 0.25%
Asia|Economy|Finance

Oil prices slide 1%, settle at 7-week low on China worries

Oil prices slid about 1% to settle at a seven-week low on Tuesday as investors worried that demand from China could be weakening while OPEC+ seems likely to stick

Oil prices slide 1%, settle at 7-week low on China worries
Business|Economy|Finance

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion

Global miner BHP Group and Canada-listed Lundin Mining will jointly take over developer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to

BHP and Lundin Mining boost copper access, to buy Filo for $3.25 billion
Economy|Finance

IMF approves release of $820 million for Egypt, calls for more reforms

The International Monetary Fund said on Monday it had completed a review allowing Egypt to draw $820 million, saying efforts to restore

IMF approves release of $820 million for Egypt, calls for more reforms
Business|Economy|Finance

Singapore's Temasek plans to invest up to $30 billion in US over next five years

Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such as healthcare, financial services and technology.

Singapore's Temasek plans to invest up to $30 billion in US over next five years
Americas|Economy|Finance

Colombia pitches bulked-up $130 billion government budget for next year

Colombia's government proposed on Monday a 523 trillion peso ($130 billion) 2025 budget to lawmakers for their consideration, the finance ministry said in a

Colombia pitches bulked-up $130 billion government budget for next year
Business|Finance

Renasant to buy First Bancshares in latest US regional bank consolidation

Regional lender Renasant Corp has agreed to buy smaller rival The First Bancshares in an all-stock deal valued at $1.2 billion, the Mississippi-based banks said on Monday.

Renasant to buy First Bancshares in latest US regional bank consolidation
Asia|Economy|Finance

The waiting game ahead of Fed, BOJ

A look at the day ahead in Asian markets.

The waiting game ahead of Fed, BOJ
Business|Economy|Finance

Chesapeake posts quarterly loss on output drop, lower gas prices

Natural gas producer Chesapeake Energy on Monday reported a loss for the second quarter, compared to a year-ago profit, as production declined and prices remained under pressure.

Chesapeake posts quarterly loss on output drop, lower gas prices

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