Today: July 13, 2024
Today: July 13, 2024

Economy

Economy|News|Political

Poland to spend 5% of GDP on defence in 2025, says foreign minister

Poland will spend 5% of gross domestic product (GDP) on defence in 2025, the foreign minister told Bloomberg Television in an interview broadcast on Friday evening.

Poland to spend 5% of GDP on defence in 2025, says foreign minister
Business|Economy|News

Institutions snapping up Chinese treasury bonds are shorting the economy, state media says

Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China's central bank-backed Financial News reported on Saturday, citing

Institutions snapping up Chinese treasury bonds are shorting the economy, state media says
Business|Economy

China's vice commerce ministry meets Walmart CEO McLay

China's Vice Minister of Commerce Wang Shouwen met the chief executive officer of Walmart Inc, Kathryn McLay, on Friday, the commerce ministry said in a statement.

China's vice commerce ministry meets Walmart CEO McLay
Business|Economy

Expected US rate cuts have investors looking beyond Big Tech

Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or

Expected US rate cuts have investors looking beyond Big Tech
Business|Economy

US FTC issues warning to franchisors over unfair business practices

A U.S. trade regulator on Friday announced a suite of actions taking aim at "unfair and deceptive practices" it said are illegally imposed on U.S. franchisees by their

US FTC issues warning to franchisors over unfair business practices
Business|Economy

Hyundai Motor's South Korea union approves wage deal, union says

Hyundai Motor and a union representing its South Korean workforce on Saturday sealed a wage deal that will boost annual pay by about 4.65%, the union said, avoiding a strike in the

Hyundai Motor's South Korea union approves wage deal, union says
Business|Economy

First Republic ex-employees' lawsuit against US FDIC is dismissed

A federal judge in California dismissed a lawsuit accusing the Federal Deposit Insurance Corp (FDIC) of improperly blocking nearly 170 former employees of the failed

First Republic ex-employees' lawsuit against US FDIC is dismissed
Economy|News|Political

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets
Business|Economy|News

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets within days. CNN's Katelyn Polantz reports. 

Judge dismisses Giuliani’s bankruptcy case, allowing creditors to try to seize his assets
Economy|News

Price of US first-class mail stamp to rise to 73 cents

The price of first-class U.S. mail stamps will rise on Sunday to 73 cents from 68 cents, the latest in a series of price hikes.

Price of US first-class mail stamp to rise to 73 cents
Business|Economy

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where
Economy|Health|Political

North Carolina's Medicaid expansion program has enrolled 500,000 people in just 7 months

More than 500,000 North Carolina residents have enrolled in state's Medicaid expansion program in the seven months since it was launched

North Carolina's Medicaid expansion program has enrolled 500,000 people in just 7 months
Business|Economy

US banking execs weigh macroeconomic risks, Fed's interest rate path

Executives from top U.S. banks remained divided over the U.S.

US banking execs weigh macroeconomic risks, Fed's interest rate path
Business|Economy|Political

Top bank executives' take on US presidential elections

The U.S. election and geopolitical uncertainty are among the factors clients are focused on as they weigh their business decisions for the next few quarters, banking executives said on

Top bank executives' take on US presidential elections
Business|Economy

Wall Street banks see investment banking improvement, with some caution

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

Wall Street banks see investment banking improvement, with some caution
Business|Economy

European shares hit over 1-month high on earnings, Fed rate-cut hopes

European shares advanced on Friday and logged their second consecutive weekly gains on upbeat earnings and global investor optimism about a September

European shares hit over 1-month high on earnings, Fed rate-cut hopes
Business|Economy

IMF says emerging market capital inflows recover to 2018 levels

The International Monetary Fund on Friday said gross capital inflows into emerging markets excluding China last year rose to $110 billion or 0.6% of their

IMF says emerging market capital inflows recover to 2018 levels
Economy|News|Political

ECB has gone too far in pushing UniCredit to quit Russia, Italy minister says

The European Central Bank has overreached in pushing Italian bank UniCredit to get out of Russia, Italy's Foreign Minister Antonio Tajani said on Friday.

ECB has gone too far in pushing UniCredit to quit Russia, Italy minister says
Business|Economy

Bunge, Viterra offer to sell assets in 2 EU countries, sources say

U.S. grains merchant Bunge and Glencore-backed Viterra have offered to sell assets in two European Union countries in a bid to secure EU antitrust clearance for their $34 billion

Bunge, Viterra offer to sell assets in 2 EU countries, sources say
Economy

IMF gives Papua New Guinea access to about $125 million

The International Monetary Fund will provide Papua New Guinea with immediate access to about $125 million, the IMF said in a statement on Friday following its executive board's

IMF gives Papua New Guinea access to about $125 million
Business|Economy

US office delinquencies ticked higher in June, ratings agencies say

The delinquency rate among U.S. office loans rose in June, driven in part by increasing vacancies and elevated interest rates, according to recent reports from ratings

US office delinquencies ticked higher in June, ratings agencies say
Economy|Environment|News

EU to push at COP29 for followup on deal to curb fossil fuels

The European Union will pressure other countries at this year’s COP29 climate summit to follow through on their pledge to transition away from fossil fuels, a draft

EU to push at COP29 for followup on deal to curb fossil fuels
Business|Economy

U.S. DOJ probing Arbor Realty over loan practices, Bloomberg reports

Arbor Realty Trust is being probed by federal prosecutors and the Federal Bureau of Investigation in New York months after short sellers attacked the lender's practices and disclosures,

U.S. DOJ probing Arbor Realty over loan practices, Bloomberg reports
Business|Economy

Stop & Shop closing 32 underperforming grocery stores in the Northeast

Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year

Stop & Shop closing 32 underperforming grocery stores in the Northeast
Business|Economy

Overpayment scammers are still out there, and now they're targeting not only job-seekers but also non-profits

Overpayment scammers are still out there, and now they're targeting not only job-seekers but also non-profits

Overpayment scammers are still out there, and now they're targeting not only job-seekers but also non-profits

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