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

Finance

Business|Economy|Finance

Cost savings drive Philips' profit beat, flags insurance payout

Philips reported second-quarter results that exceeded analysts' expectations on Monday thanks to cost savings, partly from job cuts,

Cost savings drive Philips' profit beat, flags insurance payout
Economy|Finance

Ethiopia's birr drops 30% as central bank floats currency

Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a

Ethiopia's birr drops 30% as central bank floats currency
Asia|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly decline ahead of central bank meetings

Asian shares are mostly declining in cautious trading ahead of central bank meetings around the world

Stock market today: Asian shares mostly decline ahead of central bank meetings
Asia|Business|Finance|Stock Markets

Mitsubishi Motors' shares up on reports it will join Honda-Nissan partnership

Shares in Mitsubishi Motors surged on Monday following media reports that the Japanese automaker is in talks to join Nissan's and Honda's planned strategic partnership.

Mitsubishi Motors' shares up on reports it will join Honda-Nissan partnership
Asia|Business|Economy|Finance

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units

Shares of China Evergrande New Energy Vehicle fell 7% in Monday morning trade after individual creditors of two of its units sought court approval for the units to go through

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units
Economy|Finance

Dollar trades sideways as markets wait for central bank, economic news

The dollar held steady on Monday as traders braced for an avalanche of market events featuring midweek policy

Dollar trades sideways as markets wait for central bank, economic news
Asia|Economy|Finance

World stocks gain, US yields fall at start of jam-packed week

Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central

World stocks gain, US yields fall at start of jam-packed week
Business|Economy|Finance

South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation

South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms and the Singapore-

South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation
Economy|Finance

Australia's banking regulator says it will not ease home lending rules

Australia's banking regulator on Monday said it would retain its strict home loan lending rules amid concern that the level of overall risk to the financial system remained elevated

Australia's banking regulator says it will not ease home lending rules
Economy|Finance

BOJ's victory lap on deflation paves way for rate-hike cycle

The Bank of Japan is setting the stage for an era of steady interest rate hikes by claiming victory in its long battle with deflation, sources and analysts say, in a

BOJ's victory lap on deflation paves way for rate-hike cycle
Asia|Economy|Finance

Hoping for calm, bracing for more volatility

A look at the day ahead in Asian markets.

Hoping for calm, bracing for more volatility
Asia|Business|Finance|Stock Markets

Fidelity, Nomura line up bids for Ola Electric's India IPO, sources say

SoftBank-backed Indian e-scooter maker Ola Electric's IPO is set to draw investor bids from Fidelity, Nomura and Norway's Norges Bank, as well as several Indian

Fidelity, Nomura line up bids for Ola Electric's India IPO, sources say
Business|Economy|Finance

US home insurers suffer biggest loss of century in 2023

U.S. home insurers suffered their worst underwriting loss this century in 2023, as a toxic mix of natural disasters, inflation and population growth in at-risk areas put a vital financial

US home insurers suffer biggest loss of century in 2023
Economy|Finance|Technology

Bitcoin price dips as Trump addresses crypto audience

The price of bitcoin eased on Saturday as U.S.

Bitcoin price dips as Trump addresses crypto audience
Economy|Finance

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates
Business|Economy|Finance|Technology

Trump, who once trashed bitcoin as ‘based on thin air,’ addresses crypto’s largest convention

Trump, who once trashed bitcoin as ‘based on thin air,’ addresses crypto’s largest convention

Trump, who once trashed bitcoin as ‘based on thin air,’ addresses crypto’s largest convention
Economy|Finance

Yellen says Japan explained 2022 FX intervention, Nikkei reports

U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday.

Yellen says Japan explained 2022 FX intervention, Nikkei reports
Americas|Economy|Finance

Biden will announce Supreme Court reform plans on Monday, Politico reports

U.S.

Biden will announce Supreme Court reform plans on Monday, Politico reports
Economy|Finance

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday

G20 agrees to tackle taxation of the super-rich, but forum not yet decided
Business|Economy|Finance

Hedge fund study on U.S. Treasury issuance fuels debate

A hedge fund study that said the U.S.

Hedge fund study on U.S. Treasury issuance fuels debate
Business|Economy|Finance

Six banks settle European bond price fixing litigation in New York

Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig

Six banks settle European bond price fixing litigation in New York
Election|Finance|Political

With trials pushed back, Trump sees first big dip in legal bills

As former President Donald Trump faces a supercharged Democratic fundraising effort, a persistent drag on his campaign’s coffers may be easing: legal expenses

With trials pushed back, Trump sees first big dip in legal bills
Business|Economy|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Finance|Stock Markets

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion

Nasdaq said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator through a secondary public offering.

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion
Economy|Finance

Debut of Bill Ackman's new fund delayed but expected to proceed

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman's new U.S. fund, Pershing Square USA, has been delayed, without

Debut of Bill Ackman's new fund delayed but expected to proceed

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