Tuesday, November 5, 2024

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Public Bank Is Said to Consider Buying Late Founder’s Family Stake in LPI

(Bloomberg) -- Public Bank Bhd. is considering buying its late founder Teh Hong Piow’s family stake in the owner of Lonpac Insurance Bhd., people...

Wall Street bonuses projected to rise more than 7% in 2024, NY Comptroller says

(Reuters) - Bonuses for Wall Street dealmakers could expand by 7.4% in 2024 as a rebound in dealmaking boosts fees pocketed by investment banks,...

ECB policymakers press case for October rate cut

By Balazs KoranyiFRANKFURT (Reuters) - Several European Central Bank policymakers argued their case on Wednesday for another interest rate cut next week, even if...

The big question hanging over banks as earnings season starts

Investors have questions about how a new Federal Reserve rate-cutting cycle will affect the biggest US banks, and they will be looking for some...

Quebec premier takes heat for paying students to ‘renovate their basement’

MONTREAL — The Quebec government is facing criticism for a program that paid students to learn a construction skill — as less than half...

China stocks sink as investors dump shares after recent rallies, while other Asian markets gain

HONG KONG (AP) — Stocks in China slumped on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s losing 1.5% as investors dumped shares...

Singapore seen keeping monetary policy unchanged as inflation risks linger

By Xinghui KokSINGAPORE (Reuters) - Singapore's central bank is widely expected to keep monetary policy unchanged next week and hold off easing settings amid...

The Harris and Trump campaigns are both taking advice from one Wall Street titan: Jamie Dimon

JPMorgan Chase (JPM) CEO Jamie Dimon has been talking regularly to both presidential campaigns in the final stretch of the 2024 contest.The growing question...

China Finance Minister Plans Briefing as Investors Seek Stimulus

(Bloomberg) -- China announced it would hold a briefing on fiscal policy on Saturday as investors look for additional measures to stimulate the world’s...

Analysis-French lawmakers weigh political risk of curbing boomers’ costly pensions

By Leigh Thomas and Michel RosePARIS (Reuters) - France's government has put the country's expensive pensions bill back on the agenda as it seeks...

TSMC’s third-quarter revenue easily beats market forecast

TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, reported on Wednesday third-quarter revenue that easily beat both the market and company's own forecasts as...

Chinese Stocks Tumble as Stimulus Skepticism Keeps Bulls at Bay

(Bloomberg) -- Chinese stocks listed onshore headed for their first decline in 11 days as traders grew impatient with the pace of Beijing’s stimulus...

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