Month: August 2024
China leaves key lending benchmarks unchanged, as expected
BEIJING, CHINA – JUNE 13: A woman walks past the People’s Bank of China (PBOC) building on June 13, 2023 in Beijing, China. China News Service | China News Service | Getty Images China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. The one-year loan prime rate was […]
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New Zealand promises banking shake-up after watchdog finds the sector lacks competition
Pedestrian walking past the Reserve Bank of New Zealand building on Saturday, June 22, 2019. Birgit Krippner | Bloomberg | Getty Images New Zealand’s government on Tuesday promised a shake-up of consumer banking after the country’s watchdog said the sector lacked competition and suggested improvements including looking at ways to increase state-owned Kiwibank’s capital. The New Zealand Commerce Commission report released earlier found the country’s four largest lenders, all owned […]
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Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the […]
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China and Vietnam sign 14 deals from rail to crocodiles after leaders meet
Chinese President Xi Jinping and Vietnam President To Lam shake hands after a signing ceremony at the Great Hall of the People on August 19, 2024 in Beijing, China. Pool | Getty Images News | Getty Images China and Vietnam signed 14 documents spanning cross-border railways to crocodile exports on Monday, after Chinese President Xi Jinping met with Vietnam’s new leader To Lam in […]
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Asia-Pacific markets climb; China loan prime rates and RBA minutes in focus
Melbourne city centre skyline alongside the Yarra River. Loop Images | Universal Images Group | Getty Images Asia-Pacific markets climbed across the region on Tuesday, tracking Wall Street’s rally and ahead of key economic data from China. China’s central bank will announce its one-year and five-year loan prime rates, with a poll of economists from […]
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Novo Nordisk vs. Eli Lilly: Analysts weigh in as the obesity-drug battle heats up
COPENHAGEN, Denmark — Analysts are paying close attention to Novo Nordisk and Eli Lilly , as the battle to dominate the weight loss drug market heats up. Europe’s largest company Novo Nordisk has dominated headlines since anti-obesity medication took off. It produces weight-loss and diabetes drugs Wegovy and Ozempic and saw its shares rise exponentially […]
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Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
Traders work on the floor of the New York Stock Exchange on Aug. 16, 2024. Angela Weiss | AFP | Getty Images U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures traded near the flatline. Futures tied […]
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Top Harris campaign donors have dozens of private, VIP events this week. Here’s the schedule
US Vice President and Democratic presidential candidate Kamala Harris speaks to reporters outside Primanti Bros. Restaurant and Bar during a bus campaign tour stop in Moon Township, Pennsylvania, on August 18, 2024. Angela Weiss | AFP | Getty Images CHICAGO — Major Harris campaign donors are slated to attend various VIP events and enjoy exclusive […]
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Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House. Trump told Reuters in an […]
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Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign canvass kickoff event at a Beaver County Field Office on August 18, 2024 in Rochester, Pennsylvania. Anna Moneymaker | Getty Images Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and […]
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