Colombia's Rappi could be ready for IPO in 12 months, cofounder says

Colombia's Rappi could be ready for IPO in 12 months, cofounder says

Colombian startup Rappi, which is backed by Japan's SoftBank, could be ready to launch an initial public offering on the New York Stock Exchange within 12 months, cofounder Simon Borrero said on...
September 16, 2024 at 04:07 pm EDT
Column-Record US household wealth may increase chance of soft landing:  McGeever

Column-Record US household wealth may increase chance of soft landing: McGeever

As the Fed prepares to cut interest rates, U.S. households are sitting on their largest accumulation of net wealth in history. By some financial measures, U.S. consumers are better off than they've...
September 16, 2024 at 12:06 pm EDT
Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF

Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF

Foreign investors ploughed a net $30.9 billion into emerging market stocks and debt portfolios in August as markets continue to position for an imminent rate cut from the U.S. Federal Reserve, data...
September 16, 2024 at 08:02 am EDT
Fed hits easing week, China economy weak

Fed hits easing week, China economy weak

A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve...
September 16, 2024 at 06:05 am EDT
Why Fed rate cuts matter to world markets

Why Fed rate cuts matter to world markets

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The size of a first...
September 16, 2024 at 01:04 am EDT
Putin's commodities ban threat puzzles Russian firms and officials

Putin's commodities ban threat puzzles Russian firms and officials

Russian officials and managers are perplexed by President Vladimir Putin's surprise threat to limit exports of strategic commodities in response to Western sanctions, and wonder if it can be realised...
September 13, 2024 at 12:47 pm EDT
Exclusive-US locks in steep China tariff hikes, many to start Sept. 27

Exclusive-US locks in steep China tariff hikes, many to start Sept. 27

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China's...
September 13, 2024 at 06:06 am EDT
Taiwan hopes delayed F-16s start arriving by end of this year

Taiwan hopes delayed F-16s start arriving by end of this year

Taiwan's defence ministry said on Friday it was aiming for delivery of the first new F-16V fighter jets by the end of this year, blaming acute fluctuations in the international situation for delays in...
September 13, 2024 at 02:45 am EDT
Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500

Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500

Deutsche Bank has raised its year-end target for the benchmark S&P 500 index to 5,750 points from 5,500, citing rising stock buybacks, strong corporate earnings and robust inflows, boosted by strong...
September 13, 2024 at 02:35 am EDT
Wall Street regulator set to vote on new 'tick sizes' rule

Wall Street regulator set to vote on new 'tick sizes' rule

Wall Street's top regulator is due to vote next week on proposed new regulations to allow the pricing of stocks in increments of less than a penny, part of a pending structural overhaul of equities...
September 12, 2024 at 01:51 pm EDT
Amazon is in South Africa for the long run, says marketplace head

Amazon is in South Africa for the long run, says marketplace head

U.S. e-commerce giant Amazon.com is in South Africa for the long run, its regional marketplace head said on Thursday, after its first foray into Sub-Saharan Africa four months ago. ...
September 12, 2024 at 09:11 am EDT
Potential return of Trump fuels concern among emerging market investors

Potential return of Trump fuels concern among emerging market investors

A tight U.S. presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt emerging markets just as they were...
September 12, 2024 at 06:33 am EDT
Oil prices flat as lower demand signs outweigh U.S. hurricane impact

Oil prices flat as lower demand signs outweigh U.S. hurricane impact

Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude...
September 11, 2024 at 08:51 pm EDT
Copper output at Chile's Codelco slips nearly 11% in July

Copper output at Chile's Codelco slips nearly 11% in July

SANTIAGO -Copper output from Chilean state miner Codelco fell 10.7% in July from a year earlier, copper commission Cochilco said on Wednesday, as the world's largest copper company grapples to halt a...
September 11, 2024 at 05:52 pm EDT
Futures dip after Harris-Trump debate; eyes on inflation data

Futures dip after Harris-Trump debate; eyes on inflation data

U.S. stock index futures dipped on Wednesday, with investors pricing in greater odds of Democrat Kamala Harris prevailing in the upcoming presidential elections, while focus moved to a key inflation...
September 11, 2024 at 05:57 am EDT
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