Month: October 2024
UBS sells its 50% stake in Swisscard to American Express
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% […]
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Asking prices for UK homes barely rise in October, Rightmove says
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on […]
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Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Blinkit and Zomato logos are seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters India’s biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato’s Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. Quick commerce is a new shopping rage in India, with companies […]
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Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues
Presidential candidate Prabowo Subianto, waves to photographers as he leaves after attending a dialog held by country’s anti-graft agency Corruption Eradication Commission (KPK) at its headquarters in Jakarta, Indonesia, January 17, 2024. Willy Kurniawan | Reuters Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that […]
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10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
A slew of Wall Street analysts last week turned even more bullish on three stocks ahead of their quarterly earnings reports. The U.S.-listed stocks are Meta Platforms , Asian e-commerce giant Sea Ltd , and miner Barrick Gold . CNBC Pro screened for stocks in the MSCI World Index that have received share price target […]
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China cuts benchmark lending rates by 25 basis points
China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signaling its intent to further ease monetary conditions. Jiang Qiming | China News Service | Getty Images China on Monday lowered its main benchmark lending rates by 25 basis points at […]
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Asia-Pacific markets poised for mixed open as investors await China loan prime rate announcement
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images Asia-Pacific markets were set to open mixed Monday as traders awaited China’s loan prime rate announcement, while also awaiting Japan’s general election […]
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How Liberty Media became one of the world’s most valuable sports empires
Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty Images When Liberty Media Chairman John Malone finalized the $4.4 billion acquisition […]
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Stock futures inch higher after S&P 500’s best weekly win streak of 2024: Live updates
NEW YORK, NEW YORK – OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images U.S. stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. Dow Jones Industrial […]
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‘They want something different’: Two new reports predict a big shift in travel behavior in 2025
The biggest travel trend of 2022 was to go big, spend big — with people eagerly booking bucket list-style trips to places like Bali, Rome, London and Paris. But two new reports show travelers are now in a very different headspace. Trend reports from Expedia and Booking.com show vacationers are forgoing splashy trips to global […]
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