| 19.08.2024 16:12What Does вЂ?Normal’ Look Like for the Federal Reserve? Ahead of this week’s Jackson Hole economic symposium, Nela Richardson, chief economist and ESG officer at ADP, says the Federal Reserve needs to “put the brakes on the fear-mongering about the recession and tell us what normal looks like.” (Source: Bloomberg)19.08.2024 15:58EstГ©e Lauder Sees Annual Sales Below Estimates on China Weakness EstГ©e Lauder Cos. is forecasting annual revenue growth below analysts’ expectations, a sign that the cosmetics company’s long-awaited recovery has hit another roadblock.19.08.2024 15:39Trump Leading On Key Issues, Says Isaac Boltansky BTIG Director of Policy Research Isaac Boltansky says that even though Democratic Presidential Nominee Kamala Harris is enjoying a surge in opinion polls, the Republican Presidential Nominee Donald Trump is leading on some of the key issues that matter to voters in key swing states. He spoke with Dani Burger and Manus Cranny on Bloomberg Brief. (Source: Bloomberg)19.08.2024 15:15Bankers Charged by Singapore Were Stars of Race for China’s Rich Less than two years out of college, Wang Qiming was making waves within Citibank Singapore by bringing in millions in deposits from his rich clients.19.08.2024 15:11SNB Cuts Limit for Banks to Earn Full Interest on Parked Cash The Swiss National Bank will lower the threshold factor for remunerating sight deposits — adjusting how much interest banks earn for parking cash with it from Oct. 1.19.08.2024 15:00Bankruptcy Racketeering Lawsuit Against Law Firms, Ex-Judge Dismissed A federal judge dismissed a racketeering complaint against ex-Judge David R. Jones, his longtime romantic partner Elizabeth Freeman, her former law firm Jackson Walker and bankruptcy powerhouse Kirkland & ... 19.08.2024 15:00Melange Capital Sees Opportunity in Less Popular Secondary Deals for Oil and Gas Stakes Melange Capital Partners expects to capitalize on weak investor demand for secondhand stakes in energy private-equity funds, as it nears a $400 million goal for a fund targeting such deals. ... 19.08.2024 15:00How One Startup Navigated the Defense-Tech Gauntlet Satellite tech startup Little Place Labs won its third contract this year. ... 19.08.2024 15:00AMD Buys AI Equipment Maker for Nearly $5 Billion, Escalating Battle With Nvidia ZT Systems produces servers and other equipment used in data centers for artificial intelligence. ... 19.08.2024 15:00Sonder Reaches Marriott License Deal, Secures Additional Liquidity Sonder Holdings Inc. has reached a series of deals to raise capital and integrate its brand into Marriott International Inc.’s system, as the alternative-lodging company seeks to strengthen its financial health.19.08.2024 15:00Lula Is Running Huge Budget Deficits and Scaring Off Investors It’s been almost two years now since Luiz Inacio Lula da Silva secured his return to power in Brazil. For investors, they’ve been bleak. The currency is down, government bond yields are up and the stock market has only eked out half the gains posted across the rest of emerging markets.19.08.2024 14:487-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.19.08.2024 14:36Singapore Bans Ex-HSBC Banker for 1 Year Over Disclosure Breach The Monetary Authority of Singapore issued a one-year prohibition order against a former HSBC Bank representative after he failed to disclose his previous involvement in police investigations and criminal proceedings.19.08.2024 14:30Coming to a Cash-Strapped Company Near You: Creditor-on-Creditor Violence As private-equity-owned companies default, lenders are resorting to measures that seem extreme. ... 19.08.2024 14:30Pfizer Is Staking Its Turnaround on Cancer Drugs Chris Boshoff, top oncology executive, counts on gains from the $43 billion Seagen merger. ... 19.08.2024 14:30Caitlin Clark Is Soaring Again: Rookie Reasserts Superstar Status After early struggles as a professional, the acclaimed No. 1 pick continues to lift her improving Indiana team and the entire WNBA. ... 19.08.2024 14:02Acres of Solar Panels Are Replacing One of the Nation’s Largest Coal Plants One of the nation’s largest coal-fueled electric plants is being replaced with thousands of acres of solar panels and a test of long-duration batteries.19.08.2024 14:00Biden to Pass the Torch to Harris as Democratic Convention Begins The president will tout his legacy—and his vice president—to kick off an event where he was supposed to be the star. ... 19.08.2024 13:57Gokaldas Defers Bangladesh Apparel Unit Plan as Unrest Lingers Gokaldas Exports Ltd. has decided to put its plan to build a garments factory in Bangladesh on hold as the nation continues to face political turmoil that has killed hundreds of people during weeks-long violence.19.08.2024 13:56Euro Could Extend Gains on Upcoming Data The euro could extend its rise against the dollar if eurozone wage data remains elevated and U.S. economic data is weaker, ING said. ... 19.08.2024 13:56South Africa Coal Rail Worsens But Thungela Sees 2025 Turnaround South Africa’s coal shipments by rail, which plunged to the worst in three decades last year, declined in the first half of the year, but miner Thungela Resources Ltd. expects a turnaround in 2025.19.08.2024 13:53Thungela Profit Slumps on Lower Coal Prices and Rail Bottlenecks South African coal exporter Thungela Resources Ltd. said first-half profit slumped almost 60% due to lower prices and rail disruptions.19.08.2024 13:48Jokowi’s New Ministers Pledge Higher Oil Output, Investment President Joko Widodo’s new ministers aim to set down policies that will boost oil and gas output as well as attract more private sector investment beyond the current administration’s last two months in power.19.08.2024 13:42Gold Futures Rise on Downbeat U.S. Dollar, Rate Cut Hopes Gold futures rose after reaching a record in early Asian trading on persistent dollar weakness, but Swissquote Bank reckons a rebound in the currency is plausible. ... 19.08.2024 13:35Egypt Extends Central Bank Chief’s Rule in Show of Continuity Egypt extended Hassan Abdalla’s leadership of the central bank by another year, a move that may reassure investors the North African nation is committed to orthodox monetary policies after a dramatic interest-rate hike and currency devaluation earlier this year.19.08.2024 13:34Defense Shares Fall as Report on Ukraine Aid Stokes Concern European defense stocks slid on Monday, paring some big year-to-date gains, after a weekend report from local media suggested that Germany will no longer grant new requests for aid to Ukraine in an effort to rein in spending.19.08.2024 13:08Oil Prices Fall as China Demand Concerns Offset Supply Risks Oil prices fell, as the prospect of weak demand in China offset any gains from risks to supply, with apparent demand in the country falling 8% on year in July according to government data, ANZ Research sa ... 19.08.2024 12:41Sliding Bitcoin Struggling to Harness Rebound in Global Risk Appetite Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after shaking off a growth scare over the US economy.19.08.2024 12:13European Stocks Extend Rally as Focus Shifts to Jackson Hole European stocks edged higher, extending last week’s sharp rally, as investors awaited further clues on the US economy from the Jackson Hole economic symposium.19.08.2024 10:48European Bond Sales Start to Pick Up as Summer Slowdown Ends Borrowers have started to return to the European primary bond market, looking to secure deals while markets are calm.19.08.2024 10:33Absa Jumps as South African Bank Names Russon Interim CEO Absa Group Ltd., South Africa’s third-biggest bank by assets, surged after it named Charles Russon as interim chief executive officer to replace incumbent Arrie Rautenbach, who requested early retirement. 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