Day: October 22, 2024
Economists see UK cutting interest rates more substantially as inflation pressures ease
Bank of England in the City of London on 8th October 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are […]
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HSBC names Pam Kaur as first female CFO amid major restructuring
Key Points HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July. The bank also announced plans […]
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U.S. proposals to curb AI, semiconductor investment into China under final review
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty Images Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under this set of rules, the […]
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Rosé and Bruno Mars’ chart-topping APT drives YG Plus shares to seven-month high
Rosé of K-pop girl group BLACKPINK smiles during an event to promote her film ‘Born Pink’, marking the group’s eighth anniversary, in Seoul on August 9, 2024. Anthony Wallace | Afp | Getty Images Shares of South Korean media company YG Plus soared to a seven month high after the release of a collaboration track […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: $2.43 adjusted […]
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‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold […]
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Harris, Liz Cheney tour battleground states to reach Republicans down on Trump
Vice President and Democratic presidential candidate Kamala Harris (L) holds a moderated conversation with Former US Rep. Liz Cheney, Republican of Wyoming, at People’s Light performing arts theater Malvern, Pennsylvania, on October 21, 2024. Brendan Smialowski | Afp | Getty Images Vice President Kamala Harris and Republican former Rep. Liz Cheney participated in a series […]
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Hyundai Motor India’s shares set to start trading after the country’s largest IPO
MUMBAI, MAHARASHTRA, INDIA – Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Sopa Images | Lightrocket | Getty Images Hyundai Motor India was set to start trading Tuesday in the country’s two major stock markets after a $3.3 billion initial public offering, the country’s largest-ever by amount raised. The automaker had offered 142.19 […]
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Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison
Peru’s former President Alejandro Toledo appears in court next to his lawyer Roberto Su for sentencing during his trial on charges of corruption related to the Brazilian company Odebrecht, in Lima, Peru, October 21, 2024. Gerardo Marin | Reuters Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian construction giant Odebrecht and sentenced to 20 years and six months […]
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Asia markets open lower after major U.S. indexes slip; India braces for largest-ever IPO
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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