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At a turning point in the Horizon IT Inquiry, Post Office lawyer Simon Clarke revealed that a crucial expert had knowledge of system flaws....
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At a turning point in the Horizon IT Inquiry, Post Office lawyer Simon Clarke revealed that a crucial expert had knowledge of system flaws....
As a result of falling demand and the introduction of competing vaccines, AstraZeneca has decided to discontinue production of the Vaxzevria coronavirus vaccine. With...
Disney says password crackdown: As part of its plan to turn a profit from its streaming business, Disney is concentrating on releasing a flood...
The defunct cryptocurrency exchange FTX has revealed that it has billions of dollars extra, which is more than enough to pay back its clients....
The Chinese parent firm of video app TikTok has taken legal action in an effort to halt a US law that would ban the...
Jack Ma Praises Alibaba’s Transformation: Jack Ma, founder of Alibaba, has made two big public statements to staff in the last year, the most...
Boeing hit after new whistleblower: A former employee of Boeing has come out with allegations of safety issues with the 787 and 777 aircraft,...
World of Warcraft to return to China: After a 14-year break due to the end of its cooperation with game creator Activision Blizzard, Chinese...
HSBC Sells Off Argentine Business at $1 Billion: Global banking behemoth HSBC has announced the sale of its Argentina business, signaling a departure from...
US inflation jumps as fuel and housing: Consumer prices rose more than expected in the most recent US Department of Labor report, suggesting that...
TSMC wins subsidies to expand US chip manufacturing: An additional facility will be built in Arizona, USA, by the prominent chip manufacturer Taiwan Semiconductor...
Panama Papers money-laundering: As a major step forward in the quest for justice in the wake of one of the largest financial leaks in...
Retiring in your 60s is becoming an impossible goal: Traditional retirement at 65 is becoming an unrealistic or even unreachable goal for many people...
Boom times for US green energy: A second, bigger factory in the US was announced in February by the well-known US-based company LanzaJet, which...
Abrdn hits out at ‘corporate bullying: The renaming of a long-standing investment firm to Abrdn has prompted an executive to accuse the media of...
Spain to axe ‘golden visas’ scheme: The “golden visa” scheme has been a contentious policy initiative in Spain, but the government has begun to...
Bank boss Jamie Dimon warns US interest rates: The chief executive officer of a major international bank has warned that interest rates in the...
Binance has matured past cultural issues: Following the imposition of a $4.3 billion fine to settle accusations from the U.S. Justice Department, Binance’s new...
Two co-founders of Trump Media are facing legal action from former president Donald Trump, who is claiming that they mismanaged his social media enterprise...
With an estimated net worth of $1.1 billion (£877 million), Taylor Swift has joined the ranks of the world’s wealthiest persons, debuting on the...
Boeing Considers Acquisition of Major Supplier Spirit AeroSystems Boeing is reportedly in discussions to acquire its former subsidiary, Spirit AeroSystems, as both companies grapple...
Overcoming Racist Abuse on the Journey to Property Success Sanmi Adegoke’s journey in the property development industry began without any established connections. In an...
Small Business Marketing With Limited Time and Resources Thriving Against the Odds: The Ultimate Guide to Small Business Marketing on a Tight Schedule and...
Strategic Online Coaching Presence: Your Expertise, Our Strategy: Elevate Your Online Coaching Business with Powerful Marketing Tactics Key Takeaways: Identify your target audience and...
Small Business Success Stories: Big Impact, Small Budget: Unleashing the Power of Local Marketing for Small Businesses Key Takeaways: Build strong connections with your...
Navigating Online Business Marketing Without Paid Ads Cracking the Code: The Ultimate Guide to Amplify Your Online Business—No Paid Ads Needed Key Takeaways: Create...
Businesses Cast Negative Ballots, Signifying ‘No Confidence’ in Budget Businesses on the Isle of Man have expressed a “vote of no confidence” in the...
Webinar Host: Strategies for Promoting Your Business or Brand Effectively From Unknown to Unstoppable: Your Blueprint for Hosting Webinars that Catapult Your Brand to...
How to Conduct Market Research on a Tiny Budget Breaking Barriers: Affordable Strategies for In-Depth Market Research That Packs a Punch Key Takeaways:...
SEO Surge: Navigating Business Growth with an In-Depth Guide Get ready to supercharge your business’s success by mastering the art of SEO. Key Takeaways:...
Effective B2B Marketing Strategies to Grow Your Business The Roadmap to B2B Success: Discover the Marketing Strategies That Will Propel Your Business Forward Key...
Business Distinction: The Roadmap to Branding Success: Creating Your Ultimate Style Guide Key Takeaways: Maintain consistent branding elements to build a strong brand identity....
Finland blocks three Russian property acquisitions. On Wednesday, the Finnish Ministry of Defense announced that it had halted three real estate transactions, one of...
Japan’s Tohoku Electric will delay the nuclear reactor restart on construction works. Due to further safety building work, Japan’s Tohoku Electric Power (9506.T) said...
BMW (BMWG.DE) said on Wednesday that it will invest 650 million euros ($711 million) to convert its main plant in Munich to build only...
Samsung Elec family shares block sale seen at $1.66 billion, reports. According to South Korean tabloids on Wednesday, the mother and two sisters of...
According to analysts and industry executives, airlines’ dissatisfaction with Boeing’s (BA.N) inability to control a string of safety and supply issues has been reignited...
To catch up to its competitors worldwide in the transition to battery-powered vehicles, Japanese manufacturer Honda Motor (7267.T) said on Tuesday that it will...
Hewlett Packard Enterprise to buy Juniper Networks in $14 bln deal. To improve its artificial intelligence (AI) products, Hewlett Packard Enterprise (HPE.N) will acquire...
Wall St. climbs on a megacap boost; inflation and earnings are in focus. The strength in several megacaps helped Wall Street’s major indexes rise...
Months after the car’s premiere in China and Europe, Tesla (TSLA.O.) unveiled the updated Model 3 small sedan in North America on Wednesday at...
Mexico’s headline inflation likely ticked higher in December. According to a Reuters poll released Monday, Mexico’s headline inflation rate probably increased somewhat in December...
At the CES electronics trade show in Las Vegas on Monday, Volkswagen (VOWG_p.DE) unveiled its first cars with a voice assistant that incorporates ChatGPT...
Four Chinese electric car makers will utilize Nvidia’s technology to power autonomous driving systems, demonstrating the chip maker’s ambition to expand in China despite...
According to two people with knowledge of the situation, KKR (KKR.N) intends to inform the antitrust regulators of the European Union by the end...
Stocks gain with tech-related shares; oil falls on Saudi price cuts. Gains in U.S. tech-related companies contributed to Monday’s mainly positive performance for global...
U.S. authorities said the cockpit voice recorder data on the Alaska Airlines Boeing 737 MAX 9 aircraft that lost a panel mid-flight on Friday...
To expand its oncology portfolio with immunotherapies, Merck & Co. (MRK.N.) said on Monday that it would acquire cancer medication researcher Harpoon Therapeutics (HARP.O.)...
Biden administration will announce an independent contractor rule that could upend the gig economy. According to an administration official, the administration of U.S. President...
US investigators retrieve a 737 MAX jet panel. After American officials found a panel that had blown off an Alaska Airlines (ALK.N.) 737 MAX...
Ocean freight charges are rising due to carriers postponing plans to resume transit via the Red Sea. This crucial route connects to the Suez...
Novo Nordisk (NOVOb.CO), a famous weight-loss medication manufacturer, established research partnerships with two American biotech companies on Thursday. This move is part of Novo...
Mobileye’s supply glut warning rattles auto chip stocks. Mobileye Global (MBLY.O), a self-driving technology company, issued a warning on Thursday, stating that declining orders...
Pharmacy chain Walgreens cuts dividends to save cash, and shares slump. The US drugstore chain Walgreens Boots Alliance (WBA.O.) shares fell 11% on Thursday...
CEO of McDonald’s (MCD.N), Chris Kempczinski, stated on Thursday that the war and “associated misinformation” about the brand are having a “meaningful business impact”...
Significant weekly gains in gasoline and distillate stocks on Thursday effectively ended an earlier rise in oil prices, overshadowing a larger-than-anticipated decline in crude...
UK foreign minister Cameron: Red Sea attacks must stop. British Foreign Secretary David Cameron stated on Thursday that attacks on cargo ships in the...
BAE Systems (BAES.L) announced the restart of structural manufacturing for its M777 lightweight howitzer after signing a first transaction worth up to $50 million...
Perplexity AI has completed its most recent fundraising round, which resulted in the acquisition of $73.6 million from a consortium of investors. These investors...
Russian hackers were inside Ukraine’s telecom giant for months. According to Ukraine’s senior cyber spy, Reuters, Russian hackers have had access to Kyivstar, a...
According to three individuals with firsthand knowledge of the situation, South Korea’s SK Hynix (000660. KS), the world’s second-largest memory chipmaker, plans to raise...
US dollar rises to a two-week peak, tracking Treasury yields. Due to higher U.S. Treasury rates on Wednesday, the U.S. dollar rose to a...
Oil prices surged more than $1 per barrel on Wednesday, as rumors of an interruption at Libya’s main oilfield added to supply fears stemming...
Fines levied by Russian courts on Alphabet’s Google (GOOGL.O) and YouTube, Meta (META.O), TikTok, and Telegram appear to have been settled since the businesses...
The US manufacturing sector’s eye recovery is in December (ISM). Manufacturing in the United States declined more in December, although the rate of decline...
Apple can temporarily sell smartwatches after a US appeals court win. After a government commission’s import ban on the devices was issued in a...
Despite Israel’s ongoing conflict with the Palestinian militant group Hamas, preliminary statistics revealed on Thursday that Israeli high technology companies obtained $1.5 billion in...
A breakdown of the group’s timetable that Reuters published on Thursday revealed that the Danish shipping company Maersk (Maersk. CO) would direct practically all...
The dollar dips as traders stay fixed on U.S. rate cuts next year. On Thursday, the dollar fell due to market speculation that the...
The output of factories in Japan decreased in November, which clouded the outlook for the export-dependent economy. According to statistics released by the Ministry...
The government of Singapore is bolstering its coffers in preparation for an anticipated increase in social expenditure in the years to come in the...
Workers threaten 2-day strike at Neste oil refinery in Finland. On Thursday, the Industrial Union of Finland announced that it intended to go on...
Since protests in October demanding more excellent pay, garment factories in Bangladesh have dismissed hundreds of workers, according to three labor groups representing half...
China aims to expand domestic demand and ensure a speedy recovery. According to an interim report on China’s 14th five-year plan that the Chinese...
The Biden Administration allows the US Trade Tribunal’s ban on Apple Watch imports. Masimo (MASI.O), a firm specializing in medical monitoring technology, filed a...
The Ukrainian draft law proposes lowering the mobilization age to 25 from 27. It was suggested in the text of a draft bill uploaded...
Thailand plans new minimum wage hike, keeps inflation target next year. The Thai government said on Tuesday that it would boost the country’s minimum...
Bayer has prevailed in a trial. A Californian man who claimed to have developed cancer as a result of exposure to the company’s Roundup...
On Tuesday, AstraZeneca (AZN.L) announced that it will acquire Gracell Biotechnologies (GRCL.O) for a price that may reach up to $1.2 billion. This acquisition...
India’s Infosys falls after a $1.5 billion AI deal is terminated. Shares of Infosys (INFY.NS) dropped as much as 2.6% on Tuesday after the...
Adani Green Energy (ADNA.NS), a business based in India, said on Tuesday that its core shareholders will spend 93.50 billion rupees, which is equivalent...
China warns that rocket remnants will hit the South China Sea. Immediately following the sixth flight of its most powerful launch vehicle eleven days...
Chinese gaming firms unveil share buybacks after regulatory moves unnerve investors. Several smaller Chinese gaming businesses have announced their intentions to buy back their...
The country’s antitrust watchdog is looking into Repsol (REP.MC), a Spanish oil company, for allegedly abusing its dominant position in the country’s wholesale gasoline...
The dollar wobbles in thin trading; the yen firms. The dollar was attempting to find a floor on Tuesday in a trade that was...
Asian stocks rise, and the dollar drifts as US rate-cut bets rise. On Tuesday, Asian markets made a slow but steady ascent while the...
Both parties announced on Tuesday that the Israeli government had authorized Intel Corporation (INTC.O.) to receive a grant of $3.2 billion to construct a...
A representative for Maersk stated on Tuesday that the German shipping company Hapag-Lloyd (HLAG.DE) would decide on Wednesday whether to resume trips via the...
According to three finance sources who spoke to Reuters, car-sharing service Delimobil may be the first Russian firm to have a long-awaited initial public...
The conclusion of the reorganization of Yandex (YNDX.O), a Russian technology firm that is listed on the Nasdaq, is anticipated to be delayed until...
Ukraine received $1.34 billion under the World Bank project in the finance ministry. Under the World Bank’s public expenditures for administrative capacity endurance in...
In a statement released on Sunday, the Danish shipping firm Maersk (Maersk. CO) stated that it is getting ready to restart its activities in...
BOJ’s Ueda signals the chance of policy shift and progress on price goal. The Governor of the Bank of Japan, Kazuo Ueda, stated on...
Japan automakers will invest $4.3 billion in Thailand over 5 years. On Monday, a representative for the Thai government said that major Japanese automobile...
According to a statement released by a spokeswoman on Monday, the small vehicle division of Toyota Motor (7203.T), known as Daihatsu Motor, would reimburse...
In a story that appeared on Friday, Bloomberg News cited sources with knowledge of the situation as saying that OpenAI is currently in preliminary...
ConocoPhillips (COP.N), a multinational oil company based in the United States, awarded its $8 billion Willow oil and gas drilling project in Alaska to...
US inflation is decelerating, boosting the economy. For the first time in over three and a half years, prices in the United States declined...
As a result of poor consumer spending, the creator of the Air Jordan 1 sneaker, Nike (NKE.N), had to lower its annual revenue projection...
The purchase of HSBC’s (HSBA.L) domestic subsidiary by Royal Bank of Canada (RY.TO) for C$13.5 billion ($10.2 billion) was authorized by Canada on Thursday....
The supervisory board of Volkswagen (VOWG_p.DE) has agreed to connect managers’ incentives to the firm’s absolute net cash flow beginning in 2024. According to...
Uber Technologies (UBER.N) said on Wednesday that it will boost its minimum wage in France as part of a more significant deal with ride-hailing...
Share markets suffered an end-of-year wobble on Thursday, but bonds made a stunning round trip on the general belief that many countries will cut...
Ukraine says it received the last tranche of the EU’s 18 billion euro aid package. On Thursday, Prime Minister Denys Shmyhal announced Ukraine got...
Futures rebound after a broad sell-off; Micron shines. U.S. stock index futures gained on Thursday after a significant sell-off on Wall Street in the...
Brent nears $80 as US output hits a record. On Thursday, Brent traded at $80 a barrel as increasing U.S. stocks and record output...
The first vote on four same-sex marriage draft laws is planned for Thursday as the Thai parliament moves toward legalization. Parliament considered identical draft...
China, the world’s leading processor of rare earths, implemented a restriction on the export of technology that can extract and separate crucial metals on...
On Thursday, a subsidiary of the private equity fund KKR, based in the United States, announced a complete takeover attempt for the Portuguese renewable...
On Wednesday, Toyota Motor (7203.T) said it will recall 1.12 million vehicles worldwide due to the possibility that a short circuit occurred in a...
Russia splashes $12 billion to keep the aviation sector in the air. According to a Reuters study, Russia has given its aviation sector more...
Honda will recall over 2.5 million US vehicles (NHTSA). According to the National Highway Traffic Safety Administration (NHTSA), the American division of Honda Motor...
North Korea’s Kim warns of ‘nuclear attack’ if provoked with nukes. According to state media on Thursday, North Korean leader Kim Jong Un declared...
According to a source who spoke to Reuters, Boeing (BA.N.) will begin delivering its 787 Dreamliner to China in a few days. This development...
France’s Macron faces cracks in his government over the migration law. As a result of concerns over the new law, which led to the...
Oklahoma is no longer a possibility for a new electric car battery facility in the United States, according to a statement released on Wednesday...
Diageo (DGE.L), the manufacturer of Tanqueray gin and Johnnie Walker whiskey, is fighting to rebuild investor confidence after issuing a profit warning last month....
Oil perks up as Red Sea tensions spark investor jitters. In response to attacks on ships in the Red Sea by Yemen’s Houthi forces,...
Industry insiders stated on Tuesday that Airbus (AIR.PA) is expected to smash aerospace order records in 2023 following a purchasing frenzy from European airlines...
Britain’s energy price cap to fall 14% in April – Cornwall Insight. On Wednesday, analysts at Cornwall Insight predicted that Britain’s domestic energy price...
On Tuesday, Laxman Narasimhan, the CEO of Starbucks (SBUX.O), stated that those demonstrating against the company because of its position on the Israel-Hamas conflict...
On Wednesday, Toyota Motor’s (7203.T) Daihatsu division, the largest carmaker in Japan, announced that it would stop shipping any of its cars. This is...
On Wednesday, the dollar strengthened relative to other major currencies. At the same time, sterling plummeted following the release of British inflation data that...
Chief Executive Mark Schneider of Nestle (NESN.S) stated on Wednesday that the company does not perceive any danger to its massive coffee business from...
According to the TASS news agency, a Russian court fined Alphabet’s Google (GOOGL.O) 4.6 billion roubles ($50.84 million) on Wednesday for failing to remove...
The U.S. and China remain the top credit ratings to watch in 2024. 2024 may mark significant changes in several sovereign credit ratings due...
On Wednesday, the First Cisl banking union said that Italy’s UniCredit (CRDI.MI) and Italian unions had agreed to provide 510 workers with a voluntary...
FedEx (FDX.N) saw its most significant Express division see a decline in demand from the U.S. Postal Service. This caused the company to lower...
The majority of Swedes, according to the findings of a Novus poll, favor the strike currently taking place at Tesla’s (TSLA.O) workshops in the...
During an auction for the 122-year-old historic steelmaker, Nippon Steel (5401.T) of Japan, they emerged victorious over competitors such as Cleveland-Cliffs (CLF.N), ArcelorMittal (MT.LU),...
By increasing their imports of cheap Russian oil and refined products, Turkey and Turkish firms have been able to save almost $2 billion on...
Italian police seize $94 million from UPS over alleged tax and labor offenses. In response to allegations of tax evasion and improper labor practices,...
China EV maker Zeekr unveils a fast-charging LFP battery. The Chinese manufacturer Geely (0175. HK) (GEELY.UL), which owns the luxury electric car brand Zeekr...
A labor agency in the United States is attempting to compel Starbucks Corporation (SBUX.O.) to reopen 23 allegedly closed outlets to discourage a countrywide...
AT&T to buy Rivian electric vehicles in a pilot deal to cut costs and emissions. According to a statement released by the firms on...
According to two individuals who are acquainted with the issue, Austria is attempting to get Raiffeisen Bank International, which is the most prominent Western...
As we reveal the unprecedented synergy of Artificial Intelligence and personalized health goals, we invite you to go on a transforming journey into the...
Within the corridors of healthcare, a revolution is taking place in the delicate dance of human touch and cutting-edge technology. Consider a world in...
A new symphony of healthcare innovation is emerging, in which machines detect diseases and resonate with the human experience. Join us on a journey...
Shenzhen and Abu Dhabi exchanges link up as China and the Middle East move closer. An agreement was reached between the stock exchange in...
An ex-FBI official is to be sentenced in the US over work for Russia’s Deripaska. On Thursday, a former FBI officer is scheduled to...
Following the Federal Reserve’s announcement that lower borrowing prices are on the way in 2024, the shares of Apple (AAPL.O) set a record high...
The EU top court scraps a 250 million euro tax order vs Amazon. The highest court in Europe overturned an EU judgment that required...
The German manufacturer BMW Group (BMWG.DE) said on Thursday that it had been granted a test license for level 3 autonomous driving on high-speed...
Nasdaq resolves system errors affecting stock orders. According to a notification on its website, the exchange operator Nasdaq (NDAQ.O) rectified a system issue on...
Investors cheer Fed’s dovish pivot, as focus shifts to 2024 risks. A dovish move from the Federal Reserve has placed record highs for U.S....
According to a statement released by the airline on Thursday, Virgin Australia has reached a salary agreement with unions that had called for strikes...
Berkshire Hathaway buys Occidental Petroleum shares worth about $588.7 million. According to a document submitted to the United States Securities and Exchange Commission on...
Temu, a worldwide discount e-commerce platform that is owned by PDD Holdings (PDD.O.), filed a complaint in a court in the District of Columbia...
Oil rises on US inventory draw, upbeat demand expectations. The price of oil increased in Asian trading on Thursday, extending the gains made in...
Pfizer forecasts 2024 revenue below Wall Street expectations. On Wednesday, Pfizer (PFE.N) announced that it would be lowering its cost-cutting objective by $500 million...
China venture capital and private equity funds rattled by proposed changes. There has been a pushback from industry participants concerned that China’s proposal to...
The UK defense ministry was fined for an Afghan data breach during the Taliban takeover. A series of email data breaches that disclosed the...
The auditing firm distances itself from the duo’s work on VW’s China plant. By posting a comment on LinkedIn, the auditor that Volkswagen (VOWG_p.DE)...
Mexico gives Tesla land-use permits for gigafactories, says the state government. According to a Tuesday announcement by the state government of Nuevo Leon, the...
Superconductor claims are ‘baseless,’ say South Korean experts. The claims made by sure researchers in South Korea that a viable superconductor had been developed...
Moderna (MRNA.O) said on Tuesday that its Chief Commercial Officer, Arpa Garay, has resigned. In his place, CEO Stephane Bancel will oversee sales and...
It was announced on Tuesday that the United States military contractor L3Harris (LHX.N) would suspend its merger and acquisition activities for the “foreseeable future”...
Google, which is owned by Alphabet (GOOGL.O), Meta Platforms (META.O), Qualcomm (QCOM.O), and seven other technology firms, joined together on Wednesday to advocate for...
The UK payments regulator proposes a cap on Mastercard and Visa cross-border fees. On Wednesday, the payments authority in the United Kingdom presented a provisional...
Inditex, Zara’s parent company, announced a robust holiday season trade, with sales increasing by 14% in the six weeks leading up to December 11....
Majid Al Suwaidi, the Director General of Cop28, stated on Tuesday that the chair of the summit desired to add a “historic” remark on...
SpaceX announced that the launch of the covert X-37B robot spaceplane, scheduled for Monday night, has been postponed for at least twenty-four hours. This...
Disney and Reliance are working on terms of the India media operations merger (ET). The most valuable companies in India, Reliance Industries (RELI.NS), and...
Epic Games, the company that developed “Fortnite,” has been successful in its high-profile antitrust suit against Alphabet’s Google (GOOGL.O), which contended that the Play...
Asian stocks rise, and the dollar eases ahead of U.S. inflation data. With investors being cautious in front of central U.S. inflation data later...
UK firms pause China investment decisions as growth slows: survey. According to the British Chamber of Commerce in China, sixty percent of British companies...
Puma will end sponsorship of Israel’s national football team next year. In a decision that was made before the incident that Hamas carried out...
Almost a year after announcing it would cut 15% of its personnel due to lower sales, Hasbro (HAS.O.) revealed that it will eliminate 900...
Morning Bid: U.K. labor data takes the stage before U.S. inflation—Ankur Banerjee’s outlook for the upcoming day in the European and international markets. As...
Oil rises ahead of interest rate decisions; oversupply fears linger. In anticipation of significant interest rate decisions and the release of inflation data, investors...
Wall Street closes at fresh 2023 highs as inflation data, the Fed eyed. In spite of the small gains on Monday, U.S. equities closed...
According to two people with knowledge of the situation, JPMorgan Chase (JPM.N) plans to outsource the management of its local custody business in Taiwan...
Scotiabank’s new CEO must sell investors on his plan to boost Latam profits. The Chief Executive Officer of Bank of Nova Scotia (BNS.TO), Scott...
According to four individuals who are acquainted with conversations of this nature, Chinese chip makers such as Tencent Holdings (0700. HK) are actively marketing...
An EU payments tie-up would build a more comprehensive M&A defense. Gilles Grapinet, the CEO of Worldline (WLN.PA), could discover that his adversary’s adversary...
The first EV charging station made possible by Biden’s infrastructure law goes online. The White House announced on Monday that the first electric car...
FOREX The yen falls as Japan’s negative rates are expected to persist. The Japanese yen saw a decline versus the dollar for the second...
IMF’s Gopinath warns fragmentation of the global economy could cut GDP by 7%. The fragmentation of the global economy and obvious changes in fundamental...
On Monday, Boeing (BA.N.) announced that it had appointed Stephanie Pope, a firm veteran, to the newly established post of chief operational officer. This...
Two individuals familiar with the subject stated on Sunday that the United States health insurer Cigna (CI.N.) has terminated its attempt to negotiate an...
Through a cash-and-stock transaction with a total value of $12 billion, Occidental Petroleum (OXY.N.) said on Monday that it would acquire CrownRock, an energy...
Macy’s investors mount a $5.8 billion buyout bid. On Sunday, a source who is acquainted with the situation stated that an investment group consisting...
The US plans to award BAE a $35 million award to boost chip supply for the F-35. On Monday, the United States Department of...
Arab OPEC ministers gathered in Doha as COP28 fossil fuel talks continued. Countries battled at the United Nations’ COP28 climate meeting over a possible...
More than 10 million people have signed up for X in December, CEO says, The Chief Executive Officer of X, Linda Yaccarino, stated in...
COP28 leader urges nations to get out of ‘comfort zones.’ In a statement released on Friday, the President of COP28, Sultan al-Jaber, asked countries...
On Friday, the British high-end homebuilder Berkeley (BKGH.L) joined its counterparts in the industry to highlight the challenging trade circumstances in the housing market....
A source says the White House is open to new asylum limits for Ukrainian aid. According to a person familiar with the conversations, the...
Oil heads for 7th weekly loss as supply surplus and weak China demand weigh on the market. Even though prices recovered ground on Friday...
The United States and China, the two most significant economies in the world, are competing for influence in Vietnam, a vital Southeast Asian country....
Two individuals familiar with the situation have stated that Boeing (BA.N.) has communicated to its suppliers that the company’s plans to increase production of...
To replace its aging Boeing (BA.N.) 747 cargo airplanes, Cathay Pacific Airways (0293.HK) said on Friday that it had placed a definite order to...
Yen soars, Nikkei slides as rate hikes loom over Japan. Investors raced out of bets on Japan’s low interest rates, and Japanese markets were...
Binance has withdrawn an application for a license to conduct business in Abu Dhabi, the most recent sign that the sizable cryptocurrency exchange is...
The Chinese technology juggernaut Tencent Holdings (0700. HK) presented Last Sentinel, a high-end console game, to the general public on Friday. This game is...
McDonald’s Australia hit with class action over unpaid overtime. An Australian workers union has initiated a class action lawsuit against the local branch of...
Focus: In the Olympics race, Adidas pursues an edge in new sports. At a time when competitors in the sportswear industry are vying for...
Morning Bid: Japan drags down bonds as US payrolls loom from Tom Westbrook; here’s a look at what the day holds for markets worldwide...
The decision by the American utility company Duke Energy to disconnect its batteries has prompted a response from CATL (300750. SZ), a Chinese battery...
Trading in the options of Cerevel Therapeutics Holdings Inc. (CERE.O) saw an unprecedented increase along with its stock price in the days leading up...
A Swedish court rules against Tesla in a dispute with postal service over deliveries. On Thursday, Tesla (TSLA.O) was unsuccessful in a court struggle...
Denmark passes a bill to stop Koran burnings. After riots in Muslim nations over the destruction of Islam’s holy book prompted Danish security worries,...
JetBlue narrows its loss forecast on healthy travel demand, and shares rise. As a result of the robust demand for travel during the Christmas...
According to individuals with direct knowledge of the situation, Tata Motors (TAMO.NS) is exerting pressure on Indian officials to refrain from lowering import duties...
EU watchdog tells top credit raters to tighten internal controls. As a result of an inquiry that generated some concerns, the European Union’s securities...
A labor dispute between Tesla (TSLA.O) and Swedish trade union IF Metall has attracted many unions from around the Nordic area. These unions are...
According to two individuals close to the situation, AXA (AXAF.PA) is contemplating the possibility of selling part of its protection insurance companies located throughout...
The Swiss bank UBS (UBSG.S.) has announced that it has formally begun the integration of Credit Suisse’s parent bank. This marks a significant next...
According to sources inside the industry, Boeing (BA.N.) is now in advanced negotiations with Thai Airways (THAI.BK) to sell around 80 wide-body 787 Dreamliner...
GM hydrogen unit to supply fuel cells for Autocar’s heavy vehicles. On Thursday, General Motors (GM.N.) and Autocar Industries announced that they had agreed...
Woodside Energy (WDS.AX) and Santos (STO.AX), both of which are based in Australia, said on Thursday that they were in exploratory discussions to establish...
Oil stages a slight recovery as a weak economic outlook lingers. After falling to a six-month low the day before, oil prices recovered some...
BAT writes down $31.5 billion from the value of U.S. cigarette brands. British American Tobacco (BATS.L) acknowledged on Wednesday that its conventional market does...
The German Economic Institute (IW) suggested in a report that was published on Wednesday that the European Union (EU) should collaborate with African nations...
During a presentation on Wednesday, Renault revealed that its long-standing partners Nissan (7201.T) and Mitsubishi (7211.T) have not changed their plans to invest in...
TUI, the largest travel operator in Europe, has projected that its operating profit will increase by 25% in 2024. This comes after the company’s...
The Australian diversified investor Washington H has submitted a proposal of A$3.1 billion ($2 billion). Soul Pattinson (WHSP) (SOL.AX) for the local fund manager...
On Wednesday, the Rakuten Group (4755.T), based in Japan, said it intends to sell 25.5 million shares of Rakuten Bank (5838.T) on the offshore market....
On Wednesday, the Japanese manufacturer of speed reducers, Harmonic Drive Systems (6324.T), announced that Toyota Motor (7203.T) will sell its full ownership in the...
Russian distributor to launch sales of Adidas and Reebok goods—Kommersant. According to a story published in the Kommersant newspaper on Wednesday, a Russian distributor...
Exxon Mobil (XOM.N) and shale oil producer Pioneer Natural Resources (PXD.N) have received a second request from the Federal Trade Commission of the United...
Australia’s Woodside Energy signs a 20-year LNG deal with Mexico Pacific. Woodside Energy (WDS.AX) said on Wednesday that it has signed a contract with...
Thai Business Group keeps its 2023 growth forecast at 2.5%–3.0%. On Wednesday, a critical joint business organization announced that Thailand’s economy is expected to...
Asia stocks gain as lower bond yields buoy tech; oil sags. Wednesday was a joyous day for Asia-Pacific stocks as expectations increased for a...
Morning Bid: Optimism over peaking rates propels stocks. From Kevin Buckland, here’s a look at what the day holds for markets worldwide and in...
As a result of year-end solid sales during the Christmas peak season, Taiwan’s Foxconn (2317. TW), the world’s largest contract electronics maker and a...
The British pub business Marston’s (MARS.L) said on Tuesday that their Christmas bookings surpassed the numbers from the previous year. Additionally, the company forecasted...
The Moskvich automobile, which was manufactured during the Soviet period, made its debut on the list of the top 10 best-selling brands in Russia...
As it works to alleviate lingering concerns over its financial health, Thames Water, the largest water utility in the United Kingdom, is moving forward...
As anticipated, the Australian central bank kept interest rates unchanged on Tuesday. This gave the bank additional time to evaluate the economy’s current status...
The unpredictability of OPEC+‘s voluntary output cutbacks, the ongoing tension in the Middle East, and the lackluster economic statistics from the United States all...
In an effort to decrease costs and adjust the company’s size to the present market, Telefonica informed unions on Monday that it was trying...
Danish dockworkers join Swedish strike action against Tesla. On Tuesday, the labor organization 3F in Denmark said it would back Swedish mechanics in their...
China’s state banks are seen swapping and selling dollars for yuan, according to sources. According to two people who know the situation, on Tuesday,...
Asian stocks slide as focus turns to U.S. jobs. As investors tempered their expectations for cuts to U.S. interest rates and waited for U.S....
Ukraine’s aerospace sector’s push for Western tie-ups met with skepticism. As it seeks new direction after losing Russia as its largest client and having...
Morning Bid: RBA holds and the dollar pauses, too. From Tom Westbrook, here’s a look at what the day holds for markets worldwide and...
As a result of a decline in demand inside the European Union, German exports saw an unexpected decline in October, with a slight decrease...
An attack on an American destroyer and commercial vessels in the Red Sea on Sunday has the danger of reigniting market concerns about an...
Toyota plans to expand battery EV line-up in Europe to six models by 2026. On Monday, Toyota Motor (7203.T) said it will expand its...
China’s BYD says it will keep a reward system for smear campaign tipsters. BYD (002594. SZ), a Chinese business specializing in electric vehicles, said...
EV charging growth plans are slowed by the EU’s power grid problems. There are around 1,600 charging stations in Spain owned by Repsol (REP.MC),...
Origin investors reject the $10.6 billion Brookfield bid; the company is open to other funding. After shareholders in Australia’s most prominent power retailer rejected...
The multinational pharmaceutical corporation Roche (ROG.S.) said on Monday that it had reached a formal deal to buy Carmot Therapeutics (CRMO.O.), a firm based...
Asia shares turned mixed, and gold hit a record above $2,100. At the beginning of a busy week for economic data that will test...
On Friday, Walmart (WMT.N.) announced that it will no longer be advertising on social networking platform X. This is one of the most recent...
In November, the manufacturing sector in the United States remained weak, with factory employment falling even more as hiring slowed and layoffs surged. This...
U.S. imposes fresh sanctions over shipment of Russian oil above price cap. To eliminate loopholes in the system that are intended to penalize Moscow...
The long-awaited Cybertruck from Tesla (TSLA.O) will be priced at $60,990, more than fifty percent more than CEO Elon Musk advertised in 2019. Analysts...
Shares of Alibaba Group Holding listed on the United States Stock Exchange fell on Friday after Morgan Stanley downgraded the company due to worries...
Following the highly anticipated unveiling of its Cybertruck, Tesla shares (TSLA.O) saw a decline of around 2% on Friday. This was because analysts were...
In a statement released on Friday, BNY Mellon (BK.N.) said it will boost its minimum pay to $22.50 per hour from $20 per hour...
Following a significant decline in early trading and a drop of more than two percent on Thursday, oil prices rebounded on Friday. This was...
On Thursday, TD Bank Group (TD.TO) announced a decrease in its earnings for the fourth quarter. This was because the second-largest lender in Canada...
In a statement released on Thursday, the Dutch semiconductor equipment maker ASML (ASML.AS) announced that its Chief Executive Officer, Peter Wennink, will step down...
In his opening remarks at this year’s United Nations climate summit, which took place on Thursday, the incoming president of COP28, Sultan al-Jaber, urged...
On Thursday, the Royal Bank of Canada (RY.TO) said its earnings for the fourth quarter had increased. This was due to the fact that the...
Oil inches up, all eyes are on the OPEC+ meeting outcome. On Thursday, there was not much of a shift in oil prices as investors...
Stocks are on cruise control as rate-cut expectations boost the outlook. The ongoing downward trend for global bond yields boosted confidence, which led to...
The antitrust regulator of Italy announced on Thursday that it had instructed the largest bank in the nation, Intesa Sanpaolo (ISP.MI), to suspend the...
Huawei’s new smart car firm is valued at up to $35 billion amid advanced stake talks. Following the sale of holdings to investors such...
J.P. Morgan sees a “challenging” stock backdrop in the first half 2024. Given that investors are seeking clarification on the path of monetary policy,...
On Wednesday, a new exchange-traded fund (ETF) that tracks Saudi stocks had its trading debut in Hong Kong. This ETF is the first product...
The preliminary statistics from the National Statistics Institute (INE) revealed that Spain’s inflation rate for the last 12 months dropped to 3.2% in November....
Toyota Group will sell the Denso stake as the component maker looks to buy back shares. According to the closing share price on Wednesday,...
Saudi Arabia’s Kingdom Holding bought a $450 million stake in Citigroup from Alwaleed. The investment firm Kingdom Holding (4280.SE), owned by Saudi Arabian Prince...
China’s November factory activity likely contracted for the second month; Reuters’ survey on Wednesday indicated that China’s manufacturing activity most likely decreased for the...
Rakuten’s mobile misadventure: from ambitious plan to millstone. When Rakuten (4755.T), a Japanese e-commerce and fintech behemoth, created a mobile service network in 2020,...
Hota Industrial Mfg. Co. has been manufacturing gears, shafts, and other auto components in Taiwan for many years. These parts have been supplied to...
Nio (9866. HK) and Zhejiang Geely Holding Group, two Chinese automobile manufacturers, said on Wednesday that they had inked a strategic collaboration agreement on...
The Federal Aviation Administration (FAA) said on Tuesday that it has established a new policy for aircraft certification. The policy stipulates that “major” adjustments...
RWE (RWEG.DE), the leading utility company in Germany, said that it would increase its investment in green energy technology to 55 billion euros ($60...
Oil rises, Brent tops $80 ahead of OPEC+ meeting. As a result of predictions that the OPEC+ producer group may tighten and prolong output...
Nippon Life will buy Nichii Holdings for about $1.41 billion (Nikkei). The Nikkei reported on Tuesday that Nippon Life Insurance (NPNLI.UL), a Japanese insurance...
China food delivery firm Meituan’s Q3 revenue beats estimates. Meituan (3690. HK), China’s most significant meal delivery company, reported a higher-than-expected 22.1% increase in...
According to two people familiar with the subject, the fashion firm Shein has quietly registered to go public in the U.S. This makes it...
Japan’s price trend gauge hits record, heightening the case for BOJ exit. According to statistics released on Tuesday, a crucial indicator of Japan’s trend,...
Shareholders postpone redemptions for $2.1 billion Lenders Australian property fund-source. As a weak real estate market hinders sales, investors have decided to defer payment...
Asian stocks were subdued as traders braced for inflation data. Tuesday saw a little increase in Asian equities as the dollar languished close to...
According to two people familiar with the situation, Toyota (7203.T) group firms want to reduce their stakes in car supplier Denso (6902.T) by selling...
Morning Bid: Markets turn risk-averse after bumper month. Wayne Cole previews the day’s events in the European and international markets. Asia began the week...
Asia stocks are steady ahead of inflation tests and the OPEC+ meeting. Ahead of potentially market-moving inflation data from the U.S. and Europe later...
Retailers around the United States are keeping their fingers crossed for a cold and dry Black Friday since this will mark the beginning of...
Novo Nordisk (NOVOb.CO) said on Thursday that it would introduce its top-rated anti-obesity medicine, Wegovy, in Japan on February 22. This will be the...
The dollar slides in thin Black Friday trading on bets has peaked. On Friday, investors gambled that U.S. interest rates had reached their highest...
On Friday, Brent oil futures increased, slightly erasing losses from the previous trading session. Traders were speculating on whether or not the OPEC+ producer...
According to announcements posted on Friday on the websites of Taobao and Tmall, two of Alibaba’s online shopping platforms, the annual shopping festival scheduled...
U.N.-led talks weigh goal to reduce aviation emissions thorough less-polluting fuels. On Friday, a conference in Dubai that the United Nations presides over will...
On Friday, Volkswagen (VOWG_p.DE) announced that it will develop a new platform for entry-level electric vehicles in China and use more local components to...
Amazon protests in Europe target warehouses and lockers on a busy Black Friday. On Black Friday, one of the busiest shopping days of the...
On Friday, Nissan (7201.T) said that it will invest 1.12 billion pounds ($1.4 billion) to produce electric versions of two popular crossover models at...
On Friday, the airline operator Virgin Australia (IPO-VIR.AX) said that it has placed an additional order for six Boeing MAX-8 aircraft in order to...
Asian shares were dragged lower by China, and Treasury yields climbed. Losses in China on Friday and the absence of advice from Wall Street,...
Bayer (BAYGn.DE) had a call with investors on Monday after a spate of negative news caused some of them to question whether the German...
Nissan to make electric versions of Qashqai and Juke in Britain—media According to a report from Sky News on Wednesday, the Japanese automobile manufacturer...
Italian labor unions said that the Swiss mining corporation Glencore (GLEN.L) has decided not to construct an electric vehicle (EV) battery recycling factory on...
Market data indicated that investors withdrew over $956 million from cryptocurrency exchange Binance in the last 24 hours following the resignation of its CEO,...
With a greater emphasis on grids, Spanish power provider Endesa (ELE.MC) reduced its profit projection for this year and the next one on Thursday....
Asia stocks hold gains as confidence grows on the rate outlook. As confidence builds that interest rates will decline globally next year, Asian equities...
After OPEC+ postponed a ministerial meeting, prompting suspicion that producers could cut output less than planned, oil prices fell by more than one percent...
Japan’s Mizuho applies to set up a securities company in China. Japan’s Mizuho Financial Group (8411.T) is the most recent international corporation to make...
Rabobank was hit with a $29 million EU fine over the 2006–16 bond cartel. On Wednesday, the European Union’s antitrust inspectors punished 26.6 million...
According to court documents on Tuesday, the state-owned Russian Agricultural Bank filed a case in a Moscow court against JP Morgan (JPM.N.). The nature...
According to a presentation that Reuters reviewed, an OPEC technical panel requested a well-known financial market dealer to deliver a presentation this week that...
In subdued pre-U.S. Thanksgiving holiday trade on Wednesday, oil prices slightly declined as investors awaited word on output cutbacks from the OPEC+ producers group...
The Labor Group nominates three candidates for Starbucks board seats. The Strategic Organizing Center (SOC), a confederation of labor unions in North America, announced...
Maersk (Maersk. CO) announced on Wednesday that it has signed the first significant deal in the shipping industry to purchase 500,000 metric tons of...
Las Vegas hospitality unions ratify contracts with MGM. The MGM Resorts (MGM.N.) employees’ unions said on Tuesday that they had cast their votes to...
With a more conservative approach to investments, Italy’s Enel (ENEI.MI) aims to spend 35.8 billion euros ($39 billion) in gross capital over the next...
Asia stocks slip, dollar sell-off eases as dovish Fed cheer fades. Wednesday saw Asian markets retreat from 2-1/2-month highs while the dollar gained ground...
Caterer Elior sees 2024 revenue growth below estimates. The market’s expectations for the French catering company Elior’s (ELIOR.PA) 2024 financial year sales growth will...
Mitsubishi Heavy Industries (7011.T), a company based in Japan, announced on Wednesday that it anticipates increasing its defense revenue by double to approximately 1...
Exclusive: France and the US propose a ban on private finance for coal-fired plants at COP28. France, backed by the United States, is to...
Due to consumers’ hard-hitting inflation and reduced spending on home improvement projects, Lowe’s Cos (LOW.N) anticipated a more significant loss in annual comparable sales...
A committee of the United States Senate announced on Monday that it had issued a subpoena to Live Nation (LYV.N) and its affiliate Ticketmaster,...
Nio (9866. HK), a Chinese electric car manufacturer operating at a loss, announced on Tuesday that it would collaborate with Changan Automobile (000625. SZ)...
Stocks in Asia hit a 2-month high, with the dollar defensive on the Fed view. On Tuesday, Asian shares rose to record two-month highs,...
McDonald’s (MCD.N) announced that it has reached an agreement to increase its share in its China company to just under 50%, expressing confidence in...
Car manufacturer Stellantis (STLAM.MI) and Chinese electric vehicle battery giant CATL (300750. SZ) said on Tuesday that they had signed a preliminary deal for...
China says it would be “a serious mistake” if Argentina cut ties. If Argentina were to terminate its ties with large countries like China...
Oil futures dropped on Tuesday, reversing significant gains gained in the previous two trading days, as investors turned cautious ahead of a meeting of...
Blackstone to close multi-strategy fund after assets drop nearly 90% (FT) According to a report published by the Financial Times on Tuesday, the asset...
Japan’s TeamLab readies a renewed digital museum in the Tokyo mega-complex. Tokyo’s newest megaproject will have an immersive museum as its cultural center, and...
A U.S. judge dismissed an antitrust lawsuit against Elon Musk’s electric car company, Tesla (TSLA.O). The lawsuit claimed that Tesla had monopolized the auto...
Bayer ordered to pay $1.56 billion in latest US trial loss over Roundup weedkiller. Four plaintiffs claimed that Bayer’s Roundup weedkiller caused injuries, including...
After abandoning a highly criticized blockchain-based attempt, Australian stock exchange operator ASX (ASX.AX) said that it has contracted Tata Consultancy Services (TCS) (TCS.NS) to...
Westpac will raise $488 million in additional Tier 1 capital. The third-largest bank in Australia by market capitalization, Westpac Banking Corp. (WBC.AX), announced on...
Oil futures moved higher on Monday, extending their gains in anticipation of OPEC+ deepening production curbs to prop up prices, which have declined for...
Yara (YAR.OL), the company that manufactures fertilizer, announced on Monday that it has signed a contractual agreement to absorb carbon dioxide emissions from its...
The CEO of Optus, the second-largest telco in the nation, resigned on Monday, ending a tenure of more than three years marred by a...
Bayer stopped the blood thinner drug trial for lack of effect, a major setback. Germany’s Bayer (BAYGn.DE) canceled a significant late-stage experiment testing a...
On Friday, an executive from Australia’s second-largest telecom, Optus, told parliament that the business did not have a crisis plan when a network-wide outage...
The US consumer watchdog hands Wall Street a rare win with a Big Tech crackdown. By pushing down on extensive technology businesses that are...
On Friday, an executive from the firm stated that Amazon (AMZN.O.) plans to add thousands of small merchants to its e-commerce platform in India...
The preliminary labor contract that General Motors (GM.N.) had been negotiating with the United Auto Workers (UAW) union has been ratified, making General Motors’...
On Friday, Li Auto (2015. HK) announced it would begin mass production and delivery of its first pure electric car in February. This announcement...
Panasonic Holdings (6752.T), a company based in Japan, announced on Friday that it intends to sell a portion of its automotive systems business to...
BP seeks partnerships to navigate the renewable energy storm. BP (BP.L.) is looking for partners for offshore wind projects in Japan and may invest...
On Friday, shares of Volvo Cars (VOLCARb.ST), a Swedish automobile manufacturer, dropped by 14% after the company’s primary shareholder, China’s Geely (0175. HK), sold...
FTSE indexes look to end the week on a positive note. After a deluge of economic data stoked anticipation among investors that interest rates...
Grab sets a free cash flow target and posts the first adjusted core profit. Grab Holdings (GRAB.O) posted its first-ever adjusted core profit in...
As of Friday, the CEO of Transmashholding (TMH), Kirill Lipa, told the news agency Interfax that France’s Alstom (ALSO.PA) intended to return its 20%...
Last week, foreign investors were large purchasers of Japanese shares, spurred by solid company profits and a general surge across global markets amid optimism...
Airbus nears compromise deal after Emirates jet order row. On Thursday, following a public spat between Emirates and engine supplier Rolls-Royce (RR.L.) over a...
On Thursday, the British aerospace supplier Melrose (MRON.L) announced that it anticipates its earnings for 2023 to be 7% higher than its earlier projections....
Mars Inc. has just completed a deal to acquire Hotel Chocolat, one of the most well-known and prestigious luxury chocolatiers in the United Kingdom....
After reporting a core profit for the third quarter that was higher than anticipated, Poland’s largest e-commerce platform, Allegro (ALEP.WA), stated on Thursday that...
Cisco lowers annual forecasts on a slowdown in new orders. Cisco Systems (CSCO.O) reduced its full-year sales and profit estimates, hinting that demand for...
Lenovo posts another revenue decline as PC demand remains slow. As the supply of personal computers (PCs) continues to exceed the demand for them,...
A global slowdown in luxury spending, according to British clothing company Burberry (BRBY.L. ), is hurting it. If this trend continues, Burberry cannot fulfill...
The dollar holds ground as macro data hints at a later Fed rate cut. After two days of tumultuous trading that saw substantial falls...
As signs of increased US production coincided with worries about China’s weak energy demand on Thursday, oil prices continued their downward trend from the...
Aegon, a Dutch insurance company (AEGN.AS), increased its capital generation estimate for the entire year on Thursday due to a robust performance in the...
Asian stocks fall as China’s property pains weigh on sentiment. Thursday saw a halt to the sharp gains gained this week in Asian equities...
Following the announcement on Thursday that the industrial software giant Siemens (SIEGn.DE) had exceeded expectations in its fourth-quarter industrial earnings, the company provided a...
Tesla faces pressure in Sweden as workers at the supplier strike. With employees at one of its suppliers scheduled to go on strike next...
On Wednesday, the IMF said it had achieved a staff-level agreement with Pakistan about the initial review of a $3 billion bailout, enabling the...
U.S. retail sales decreased in October for the first time in seven months due to a decline in hobby and automobile purchases. This further...
A federal appeals court has said that Tesla Inc. (TSLA.O.) did not violate U.S. labor law when it forbade employees at its central Fremont,...
UBS (UBSG.S) was found guilty of promoting illicit financial services and money laundering in France, which resulted in a punishment of 1.8 billion euros...
On Wednesday, Catalent (CTLT.N) stated that it anticipated that a majority of its present and forthcoming manufacturing capacity for pre-filled syringes until the fiscal...
The U.S. unveils up to $3.5 billion in funding to boost domestic battery manufacturing. On Wednesday, the United States Department of Energy said that...
Berkshire Hathaway (BRKa.N) announced that it had reduced its interest in Amazon.com (AMZN.O) and sold its shares in General Motors (GM.N) and Procter &...
London stocks rise on softer-than-expected inflation data. The benchmark indexes in the United Kingdom finished the day higher on Wednesday, putting them on course...
Salesforce’s firm stock price wooed some investors during third quarter-filings. According to regulatory records, Salesforce (CRM.N), a software business, drew more capital from investors...
One day after the International Energy Agency’s (IEA) increased its projection for this year’s rise in oil demand, oil prices increased on Wednesday due...
China outperformed manufacturing output and consumption estimates, but the property still hurts growth. Although China’s retail sales and industrial production growth in October exceeded...
The next generation of the Toyota Camry, the best-selling car in the U.S. market, will only be available with a gas-electric hybrid powertrain. This...
Almost 4,000 analysts at Goldman Sachs (GS.N.) listened to Chief Executive Officer David Solomon and his predecessor offer career guidance. Junior bankers also competed...
Alstom (ALSO.PA), as part of a series of initiatives to bolster its balance sheet and soothe investor concerns over debt, announced on Wednesday that...
The European Union agreed on Wednesday over a rule that would establish limits on methane emissions for Europe’s oil and gas imports beginning in...
Renault sets out targets for EV unit but says won’t sell it cheap. The French automobile manufacturer Renault announced on Wednesday that its electric...
On Tuesday, the firms announced that Glencore (GLEN.L) had agreed to purchase a 77% share in Teck Resources’ (TECKb.TO) steelmaking coal business in Canada...
The IEA raises oil demand growth forecasts despite economic gloom. Despite an anticipated slowdown in economic development in almost all of the world’s major...
Indonesia moves ahead with CCS talks with US oil majors and eyes petrochemical projects. U.S. oil majors Exxon Mobil (XOM.N) and Chevron Corp. (CVX.N),...
According to a statement released by Pertamina on Tuesday, the state oil firm of Indonesia and the American oil giant Chevron (CVX.N) have inked...
EV demand in Europe is slowing as customers await affordable electric cars. Europe’s sales of electric cars seem to be slowing down after years...
Tesla plans to double its component imports from India. According to a post on social media platform X on Tuesday, Indian Trade Minister Piyush...
Fisker (FSR.N), an electric car startup, reported a lack of internal controls over financial reporting and lowered its production projection for 2023 on Monday....
Nvidia (NVDA.O) announced the addition of new capabilities to its top-tier AI processor. The company stated that Amazon.com (AMZN.O), Google (GOOGL.O), and Oracle (ORCL.N)...
Goldman leads new funding for Fnality blockchain payments firm. Fnality, a blockchain-based wholesale payments company, announced on Tuesday that it had secured 77.7 million...
Rivian will raise nearly $15 billion in debt for an EV plant in Georgia. In order to assist in the construction of an electric...
Oil prices edge up after OPEC says market fundamentals are strong. Tuesday saw a little increase in oil prices due to worries that supply...
With more than $50 billion in Boeing aircraft orders placed on Monday, Dubai carriers laid down the gauntlet to up-and-coming regional rivals as the...
Ahead of important U.S. inflation data that could significantly impact the Federal Reserve’s policy stance, Asian markets edged up on Tuesday in cautious trade....
AustralianSuper rejects Brookfield’s offer to join Origin for $10.5 billion. On Monday, AustralianSuper, an Australian pension fund, said it had turned down an “eleventh-hour”...
Lloyd’s of London SPAC venture was scrapped due to volatile markets. On Monday, Financials Acquisition Corp. (FINSF.L) announced it would go into liquidation after...
As the carmaker transitions away from gasoline-powered automobiles, Hyundai Motor Co. (005380. K.S.) began construction on Monday on a factory in South Korea dedicated...
Shares of Novo Nordisk (NOVOb.CO) increased by 3% on Monday as the market responded to data the pharmaceutical provided over the weekend indicating that...
The Greek government’s bailout fund for the country’s banks After receiving a higher offer from UniCredit, HFSF said on Monday that it had sold...
According to comments made by the airline’s chief operating officer on Monday, the newest airline in Saudi Arabia, Riyadh Air, continues negotiating with aircraft...
In a statement released on Monday, Porsche SE (PSHG_p.DE) said that the company’s net liquidity had improved from a deficit of minus 6.7 billion...
Overburdened with debt On Monday, the Swedish property firm SBB (SBBb.ST) announced an increase in the loss it incurred before taxes for the third...
UK petrol station group EG to buy Tesla charging units. On Monday, the British gasoline station operator EG Group said that it will purchase...
Yangtze Memory Technologies Co. (YMTC), a Chinese chipmaker, sued competitor Micron Technology (MU.O.) in the United States, claiming that eight patents had been violated....
At the start of the Dubai Airshow on Monday, Middle Eastern airlines are expected to place orders worth tens of billions of dollars for...
Monday saw a sharp decline in oil prices, wiping out gains from Friday as fresh worries about slowing demand in China and the U.S....
Israel’s weapons makers leave stands empty at the Dubai Airshow. Amidst the Israel-Hamas conflict in Gaza, the display exhibits of Israeli missile manufacturers Israel...
Morgan Stanley stated on Monday that it anticipates a recovery in earnings throughout 2024 and that the S&P 500 (.SPX) would close the year...
Exclusive: Light touch rules for Airbnb are set for an EU agreement next week. According to three individuals who know the situation, MPs from...
The ICBC hack reverberates with manual settlement of the bank’s Treasury trades for days. Following a ransomware assault on China’s largest bank, the Industrial...
Prosecutors in Genoa said on Friday that booking.com, a travel company, has reached a settlement to settle a tax issue in Italy by paying...
BNY keeps ICBC off Treasury platform and waits for the all-clear. Following a ransomware assault on China’s largest bank, the Industrial and Commercial Bank...
Honda hikes production workers’ pay after UAW deals with Detroit Three. Days after the United Auto Workers (UAW) union and the Detroit Three automakers...
Internal documents from one of the world’s significant defense and space contractors, Boeing (BA.N.), were made public online on Friday by the cybercrime group...
Spirits giant Diageo’s shares suffer a Latin American hangover. The creator of Johnnie Walker whisky, Diageo (DGE.L), reported on Friday that it expects first-half...
Luxury conglomerate Richemont (CFR.S), whose shares fell 6% after the owner of Cartier jewelry announced first-half profits that fell short of expectations, issued a...
China’s biggest lender, ICBC, hit by ransomware attack. The latest victim of a ransomware assault that halted transactions in the U.S. Treasury market this...
Weight-loss drug maker Novo Nordisk invests $6 billion to boost output. The Danish production plant of Novo Nordisk (NOVOb.CO) will receive investments exceeding 42...
Why Kashmir Saffron should be considered the new gold: the Arabic word zafaran, which means yellow, is where the term “saffron” originated. Botanically speaking,...
According to Greenpeace and a document obtained by Reuters, Shell (SHEL.L) is suing Greenpeace for $2.1 million in damages after activists from the environmental...
Saudi Arabia to sign deals worth over $500 mln with African nations. During Thursday’s Saudi-Arab-African Economic Conference in Riyadh, Saudi Finance Minister Mohammed Al-Jadaan...
According to two people with direct knowledge of the situation, Zeekr, the luxury electric car brand of Chinese manufacturer Geely (GEELY.UL), is publicly filing...
An EU court adviser backs the EU’s $14 billion tax order to Apple. On Thursday, an adviser to the European Court of Justice stated...
China’s CICC sees an opportunity in Brazil as a possible office. According to Lindsay Lin, CICC’s Head of Americas, the securities company China International...
Russia’s VTB in Europe changes name as it liquidates. According to a Reuters executive, VTB (VTBR.MM), the second-biggest bank in Russia, is changing its...
Hapag-Lloyd, a German container carrier, reported a net profit for the first nine months of 2023 of 3.2 billion euros ($3.43 billion), a 77%...
Because of the weak demand for home deliveries, the British company Domino’s Pizza Group (DOM.L) saw a decline in overall orders, but on Thursday,...
Walt Disney (DIS.N) outperformed Wall Street in earnings on Wednesday, offsetting a drop in advertising income at television network ABC with increased attendance at...
As it announced an 8% year-over-year increase in third-quarter revenue, Flutter, the largest online betting firm in the world, stated on Thursday that it...
Wizz Air (WIZZ.L), a European low-cost airline, reduced its annual profit projection on Thursday, citing challenging operational conditions and ongoing financial uncertainties. This quarter,...
SoftBank books a $5.2 bln quarterly loss as investments and a weak yen bite. The once-flying WeWork filed for bankruptcy, while SoftBank Group (9984.T)...
Morning Bid: Range-bound markets await Powell again. Ankur Banerjee’s outlook for the upcoming day in the European and international markets As investors processed a...
Asian shares rise despite Chinese property slump. Thursday saw a surge in Asian stock markets and a strengthening of the dollar even though foreign...
Henkel (HNKG.DE), a German consumer products business, increased its annual outlook modestly on Thursday, citing strong pricing as a contributing factor to third-quarter growth....
Lloyd’s of London to invest $65 million following the slavery report Following research that revealed the commercial insurance industry had close ties to the...
Policymakers at the European Central Bank stated on Wednesday that more progress in reducing inflationary pressures is required and that businesses and governments must...
Ford’s Chicago plant UAW workers vote to ratify the deal with the automaker. A proposed contract with Ford Motor Company (F.N.) has been endorsed...
The supermarket chain Ahold Delhaize (AD.AS) saw a 7% decline in its shares on Wednesday after cutting its profit forecast for 2023 and pointing...
In a warning that increased competition and persistent inflation were dragging on user spending on its dating apps, Bumble (BMBL.O) estimated fourth-quarter revenue below...
Nintendo (7974.T), a Kyoto-based video game business that continues to release blockbusters despite market speculation about when to release a replacement device, pleaded for...
M&S shares soar as first-half profit smashes forecasts. Following a revamp of its food, fashion, and supply chain, Marks & Spencer (M&S) broke first-half...
As more customers visited its stores, Danish jewelry manufacturer Pandora (PNDORA.CO) announced a smaller-than-expected decline in third-quarter earnings on Wednesday. The company also lifted...
Zara founder Ortega raises a bet on renewables with a potential Repsol deal. Amancio Ortega, the creator of Inditex (ITX.MC), is pursuing renewable energy...
Renault cuts Nissan’s stake to 15% after transferring shares to trust. The alliance partners said in a statement that France’s Renault (RENA.PA) had reduced...
Adidas (ADSGn.DE) announced a decrease in inventory levels on Wednesday. Still, it also expressed optimism, stating that retailers are “visibly” more interested in its...
The second-largest public bank in France, Credit Agricole (CAGR.PA), exceeded third-quarter earnings forecasts on Wednesday thanks to robust results from its investment bank and...
Following a session in which oil prices fell to their lowest points in more than three months, worries about declining demand in the two...
According to Yoon’s office on Wednesday, South Korean President Yoon Suk Yeol will attend the APEC meeting in San Francisco from November 15–18. Following...
Continental boosts earnings on higher pricing and lower inventories. Following successful price negotiations, fewer inventories, and stabilized supply chains, Continental (CONG.DE) posted results aligned...
As a significant audit customer severed their relationship with Pricewaterhouse Coopers (PwC) Australia on Wednesday, the company announced hundreds of job losses, citing a...
The South Texas gas pipelines owned by NextEra Energy Partners (NEP.N) will be purchased by American pipeline operator Kinder Morgan (KMI.N) for $1.82 billion...
Airbus edges towards 2023 delivery goal after 18% increase in Oct. According to corporate statistics released on Tuesday, Airbus (AIR.PA) must deliver 161 aircraft...
With reports indicating that it secured a sizable A.I. chip order from Chinese tech giant Baidu (9888. H.K.) this year, Huawei is poised to...
According to two people with direct knowledge of the situation, the U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O.) and the Mexican...
The IMF upgrades China’s 2023–2024 GDP growth forecasts. The International Monetary Fund revised its prior projection of 5% growth and projected that China’s economy...
While demand in its No. 1 market has remained concentrated on the smaller, first-generation E175-E1, Brazilian planemaker Embraer (EMBR3.SA) has been attempting to pitch...
MBDA’s British arm signs a $5 billion deal to bolster Poland’s air defense system. The British government said on Tuesday that MBDA, a British...
Nike sued New Balance and Skechers for patent infringement over sneaker technology. The world’s largest shoe company, Nike (NKE.N), filed federal lawsuits against competitors...
The proposed sale of Danske Bank’s (DANSKE.CO) Norwegian personal client business to rival bank Nordea (NDAFI.HE) raised concerns from Norway’s competition authorities on Tuesday,...
Asia stocks snap winning streak; RBA hikes, but Aussie sinks. Tuesday saw Asian markets end a three-day winning run as investor excitement over a...
UBS was dragged into the red by the Credit Suisse takeover, but inflows cheer. The Swiss bank’s acquisition of Credit Suisse cost UBS Group...
According to a Monday story in the Nikkei Business Daily, Japanese telecoms company NTT (9432.T) will work with Toyota Motor (7203.T) to create driverless...
Ryanair (RYA.I), which cited rates that increased 24% during the summer and are likely to stay high for years due to restricted capacity, said...
The Japanese trading company Itochu (8001.T) increased its full-fiscal year profit projection despite reporting a 14.5% decline in six-month net profit on Monday due...
Indian regulators are exploring a non-disruptive approach to instant equity trade settlement. As it searches for methods to support ordinary Indian investors, the markets...
Being the first telecom company in a major European nation to give up its landline grid, Telecom Italia (TIM) (TLIT.MI) authorized the sale of...
A person who knows the situation stated on Monday that Tesla (TSLA.O), an electric vehicle manufacturer striving for broad market adoption, will produce a...
Orpea (ORP.PA), a French supplier of nursing care, announced on Monday that it anticipates core earnings for the entire year of about 710 million...
Monday saw a little increase in oil prices as major producers Saudi Arabia and Russia declared they would continue with more voluntary reductions in...
Lindsell Train, a top-10 investor in Unilever (ULVR.L), praised the company’s recent management changes and stated that it has already spoken with the new...
Asia shares cheered by hopes of early rate cuts. After markets priced in early rate reductions in the U.S. and Europe, Asian equities rose...
Magna International (MG.TO), a Canadian supplier of car components, increased its 2023 profit estimate on Friday but noted the impact of the United car...
Global finance chiefs face more challenging China questions at the Hong Kong summit. Amid geopolitical tensions and China’s economic downturn, international investment bank and...
As developers continue to pull out of California’s real estate market, Lendlease Group (LLC.AX) and Alphabet’s (GOOGL.O.) Google are mutually concluding development services agreements...
The Sweden-based company’s report on Friday stated that sales of fully electric vehicles increased 10% year over year to 59,861 units at Volvo Cars...
UAW gears up to organize at Toyota and other nonunion automakers. In an attempt to build on its success in collective bargaining with the...
Oil heads for weekly losses as Mideast worries ease and China demand is uncertain. Friday saw no movement in oil prices, but they were...
Although reasonable, worries that high and rising Treasury yields would have a significant negative impact on Wall Street are ultimately unfounded. History demonstrates that...
BMW (BMWG.DE) said on Friday that its automotive segment’s third-quarter margin increased, with sales of more expensive, fully electric vehicles keeping the company on...
To calm investors who are concerned that it is falling behind Huawei Technologies (HWT.UL) and other regional smartphone manufacturers, Apple (AAPL.O) stated on Thursday...
Beijing will welcome the American semiconductor manufacturer expanding its presence in the Chinese market, signaling further warming in ties between the world’s two largest...
WeWork’s troubles darken the outlook for the embattled office market. The struggles of co-working giant WeWork (WE.N) cast doubt on the future of the...
Lower natural gas prices and export volumes were the leading causes of Cheniere Energy’s (LNG.A..) reported decline in quarterly income as a liquefied natural...
Santos (STO.AX) announced on Thursday that an Australian court had issued a temporary injunction to stop the company from beginning construction on the $3.6...
The first-ever bond-type shares of Japan’s SoftBank Corp. (9434.T) were launched on the Tokyo Stock Exchange on Thursday, garnering a total of 120 billion...
The dollar is lower as traders see US rates peaking with eyes on the BoE. Due to investors’ increased confidence in the likelihood of...
One of the most significant military and space contractors in the world, Boeing (BA.N.), announced on Wednesday that it was looking into a cyber...
According to three sources, China’s financial authorities are looking into a month-end liquidity shortage that caused short-term money rates to spike to as high...
With shares rising more than 6.5%, Lufthansa (LHAG.DE) posted quarterly earnings on Thursday that were marginally higher than analysts’ projections thanks to solid summer...
After reporting a decline in gaming revenue in the third quarter due to unfavorable athletic outcomes and regulatory constraints, Entain (ENT.L.) decreased its profit...
Oil rises 1% after the Fed keeps rates unchanged. Following the U.S. Federal Reserve’s decision to keep benchmark interest rates, risk appetite returned to...
Asia shares and bonds rally as Powell fuels optimism about ending rate hikes. As a noncommittal Federal Reserve chairman caused markets to double down...
US lawmakers press Biden for plans on Chinese use of open chip technology. Following Reuters’s story last month on the growing concerns in both...
The largest Dutch bank, ING Groep (INGA.AS), stated on Thursday that it would be repurchasing up to 2.5 billion euros ($2.65 billion) worth of...
Sberbank, the leading lender in Russia, posted a net profit of 411.4 billion roubles ($4.41 billion) for the third quarter, with a return on...
Italy’s antitrust probes Intesa’s customer shift to mobile service Isybank. On Thursday, the Italian antitrust watchdog said it had initiated an investigation into migrating...
In a Thursday interview, a former Telecom Italia executive suggested the sale of its domestic retail company (TIM) (TLIT.MI) and Brazilian affiliate (TIMS3.SA) might...
On Thursday, Novo Nordisk (NOVOb. C.O.) announced third-quarter operational earnings and sales records. Still, it also announced that it will continue to impose supply...
In line with projections, Shell (SHEL.L) announced $6.2 billion in third-quarter earnings on Thursday, driven by robust LNG trading and improved refining margins. Over...
The largest online apparel retailer in Europe, Zalando (ZALG.DE), said on Wednesday that it had posted lower-than-expected third-quarter revenue and now expects 2023 sales...
The Securities and Exchange Commission (SEC) is looking into Wells Fargo’s (WFC.N) cash sweep options for investment advice customers, the bank said in a...
October saw mounting strain on Asia’s manufacturers as industrial activity in China declined. This put the region’s critical exporters under more pressure due to...
In preparation for a 2024 launch, Aurora Innovation (AUR.O.) established its first autonomous truck lane on Wednesday, linking Dallas and Houston. Houston’s commercial trucking...
Chairman of the Swiss National Bank (SNB), Thomas Jordan, defended the central bank’s actions on Wednesday in addressing the Credit Suisse issue, including giving...
As the manufacturer of Jell-O saw its margins increase due to higher prices for its packed meals and sauces, Kraft Heinz (KHC.O.) exceeded Wall...
Facebook owner Meta faces an EU ban on targeted advertising. The European Commission, which is in charge of data protection, decided on Wednesday to...
On Wednesday, former Russian President Dmitry Medvedev mocked the Danish brewer Carlsberg (CARLb.CO) for believing it could leave Russia without facing consequences following Western...
On Wednesday, Toyota Motor (7203.T) significantly increased its full-year projection and more than quadrupled its earnings for the second quarter, citing strong global sales...
Due to production problems with its new DB12 sports vehicle, British luxury automaker Aston Martin (AML.L) reported a more considerable than anticipated quarterly loss...
To get ready for more competition in the renewable fuels market, Finland’s Neste (NESTE.HE) announced on Wednesday that it intends to save 50 million...
A significant win for Tesla (TSLA.O), still facing several lawsuits and government probes about the same technology, came on Tuesday when it emerged victorious...
Ahead of this week’s significant meetings of world central banks, including the U.S. Federal Reserve, oil prices slightly increased in Asian trade on Wednesday....
To stop abuses such as tax evasion in importing critical agricultural products, Ukraine will require food export businesses to register, the government announced in...
The Bank of Japan intervened in the government bond market the day after it relaxed its control over long-term interest rates to control a...
Iveco Group (IVG.MI), an Italian manufacturer of trucks and buses, increased its 2023 guidance on Wednesday for the third time this year following the...
Carlsberg CEO: Russia has ‘stolen our business’. According to the brewer’s new CEO, Carlsberg has severed all connections with its Russian business and has...
To address EU antitrust concerns, Asiana Airlines (020560. KS) announced on Tuesday that it will hold another board meeting in early November to consider...
Provisions and Turkey’s loss overshadowed BBVA’s third-quarter profit gain. BBVA, a Spanish banking corporation, announced a 13% increase in net profit for the third...
Bouygues (BOUY.PA), a French multinational specializing in construction and telecommunications, exceeded sales and nine-month core profit projections on Tuesday, primarily due to its energy...
Brewer AB InBev’s shares rise on a $1 billion buyback. Tuesday saw a 2% increase in Anheuser-Busch InBev (ABI.BR) shares following the company’s announcement...
According to two people who know the situation, companies seeking to purchase Indonesia’s PT Bank Commonwealth include Malaysian bank CIMB (CIMB.KL) and Japanese financing...
Tuesday saw BP (BP.L) release third-quarter earnings of $3.3 billion, which fell short of analysts’ projections due to disappointing gas performance and the write-down...
On Tuesday, Microsoft (MSFT.O) and Siemens (SIEGn.DE) unveiled a collaborative endeavor to leverage artificial intelligence to boost output and human-machine interaction. The two businesses...
The $5.4 billion foundry that Powerchip Semiconductor Manufacturing Corp. (6770. TW) of Taiwan and SBI Holdings (8473.T), a Japanese banking company, said on Tuesday...
According to two individuals acquainted with the situation, Siemens Energy (ENR1n.DE) is thinking of selling a portion of its 24% ownership in Siemens Ltd....
After falling more than 3% the day before, oil prices rose in Asian trade on Tuesday as concerns about supply sparked by the Middle...
Falling gas prices had a beneficial influence on future provisions, allowing Germany’s Uniper (UN01.DE), bailed out during Europe’s energy crisis, to swing to a...
Leading the way was the recovering demand for military hardware and airline parts, as France’s Thales (TCFP.PA) reported 7.5% underlying growth in nine-month revenues...
According to the Australian Federation of Pilots (AFAP), pilots at Qantas Airways‘ (QAN.AX) charter business, Network Aviation, will retreat from their scheduled strike this...
Morning Bid: Yield curve control morphs. Tom Westbrook’s outlook for the day’s markets in Europe and worldwide With the Bank of Japan reframing its...
The largest producer of gas and oil in Asia, PetroChina Co. Ltd., announced a record-breaking 21% year-over-year gain in third-quarter net profit as rising...
McDonald’s (MCD.N.) surpassed Wall Street forecasts for third-quarter sales and earnings on Monday. The company did so by introducing new products and continuing to...
Toyota Motor (7203.T) said on Monday that higher demand in Europe, North America, and Japan drove up global output to 900,919 vehicles in September,...
According to two individuals familiar with the situation, negotiations between the German government and Siemens Energy (ENR1n.DE) to reach an agreement over around 15...
Oil output in North Dakota’s Bakken shale field may increase slightly due to Chevron’s (CVX.N) acquisition of Hess (HES.N), one of the biggest operators...
Following the failure of labor contract negotiations to yield a tentative deal, more than 8,200 members of the Canadian labor organization Unifor staged a...
On Monday, thousands of CVS Health Corp. (CVS.N.) and Walgreens Boots Alliance (WBA.O.) U.S. pharmacy workers will stage a three-day strike to demand better...
Glencore (GLEN.L), a commodities trader and miner, reduced its forecast for nickel production due to maintenance and strikes on Monday but kept its overall...
In response to support from Middle East turmoil, oil prices fell more than 1% on Monday as investors exercised caution ahead of this week’s...
Due to the impending closure of their auto components factory—an early casualty of the European Union’s shift to electric vehicles—about 230 workers in Italy’s...
As part of attempts to prevent global warming from rising over 1.5 degrees Celsius, the president of the COP28 climate meeting next month and...
A policy decision by the Bank of Japan later this week, along with other significant central bank meetings and a plethora of global economic...
Ahead of central bank meetings in the U.S., U.K., and Japan, where a policy tightening may occur, worries of a larger war sparked by...
On Monday, HSBC (HSBA.L) revealed a new $3 billion share repurchase program and more than doubled third-quarter earnings. However, the results fell short of...
Wayne Cole previews the day’s events in the European and international markets. Asian markets have had a cautious start as Israeli forces, supported by...
According to a report by business news source manager Magazin on Friday, Volkswagen (VOWG_p.DE) intends to eliminate 2,000 positions at its struggling software division,...
Friday saw a spike in chip stocks as Intel (INTC.O.) surged more than 9%, signaling that the personal computer industry was beginning to recover...
In the week leading up to October 25, American investors continued to be net sellers of stock funds due to rising bond rates and...
Chevron’s (CVX.N) share price fell in pre-market trade after the company reported a third-quarter profit that significantly undershot Wall Street projections. Since crude prices...
Before the bell on Friday, Ford Motor Co. (F.N.) shares dropped 3.8% as the carmaker revealed more significant losses from its electric vehicle (E.V.)...
On Friday, a senior industry official stated that while Taiwan’s chip sector is prepared to collaborate with the government to meet its 2050 net-zero...
Due to more robust demand for newer treatments and a less-than-expected decline in sales of its popular arthritis medication Humira, AbbVie (ABBV.N) increased its...
Remy Cointreau’s (RCOP.PA) stock fell 11% on Friday after the company reduced its profit projection and sales outlook. As trade conditions in China and...
Ahead of the Bank of Japan’s policy meeting next week, the yen tumbled about 150. At the same time, the dollar strengthened on Friday...
The largest brokerage and investment bank in Japan, Nomura Holdings (8604.T), announced a doubling of its net profit for the second quarter. This was...
The defense division of Boeing (BA.N.) is more difficult to turn around than management had thought. This year, the company lost $1.7 billion on...
In light of the robust demand for jet engine repairs, France’s Safran (SAF.PA) noted sustained strain on supply chains when it reported a 26%...
According to individuals familiar with the subject, as industry restructuring picks up steam, ConocoPhillips (COP.N) is reportedly exploring a bid for CrownRock LP, an...
A defense contractor, L3Harris Technologies (LHX.N), exceeded third-quarter earnings projections on Thursday due to increased military spending worldwide and geopolitical unrest. Following its acquisition...
The Nikkei newspaper reported on Thursday that negotiations to become one of the largest chipmakers globally had ended between Western Digital Corp (WDC.O) and...
Due to “uncertainty” surrounding the ratification of its agreement with the United Auto Workers (UAW) union, Ford Motor Company (F.N.) pulled its full-year results...
The firms announced on Thursday that B.P.’s (BP.L) electric car charger unit has placed an order for $100 million worth of Tesla (TSLA.O) ultra-fast...
The U.S. International Trade Commission (ITC) found that Apple Watches violated the patent rights of medical technology company Masimo (MASI.O.). As a result, the...
The well-known Brazilian aerospace manufacturer Embraer has announced that 43 aircraft were successfully delivered in the third quarter of this year. This achievement demonstrates...
China’s top diplomat, Wang Yi, stated on Thursday, as he started his visit to Washington, that although China and the United States have differences,...
Intel (INTC.O.) predicted fourth-quarter sales above Wall Street projections on Thursday as it prepares new processors to handle artificial intelligence on laptops. The company...
Israel and Hezbollah fighting another war is something Lebanon cannot afford, with its economy in shambles and its government in disarray. Iran-supported According to...
In an indication that the stalling production of electric vehicles may negatively impact the market for its driver-assistance technology, Mobileye Global (MBLY.O) reduced the...
Strong results in theme parks and streaming helped Comcast (CMCSA.O) produce quarterly revenue above Wall Street projections on Thursday. However, the company also revealed...
Hein Schumacher, the new CEO of Unilever (ULVR.L), unveiled long-awaited proposals on Thursday to streamline the company after acknowledging that it had underperformed in...
On Thursday, the European Central Bank ended the longest run of rate increases in its 25-year history, stating that the most recent statistics continued...
EV manufacturer Leapmotor is the largest auto market in the world by sales. Stellantis said on Thursday that it is investing $1.6 billion to...
On Thursday, Merck & Co. (MRK.N) announced better-than-expected third-quarter earnings due to unexpectedly robust demand, mostly in Japan, for its COVID-19 treatment. The company...
Due to increased consumer spending on entertainment and travel, Mastercard (MA.N.) announced a boost in third-quarter earnings on Thursday. For the three months ending...
The massive tobacco company Altria Group (MO.N.) reduced its projected yearly earnings on Thursday due to smokers gradually switching from its priciest brands of...
Volkswagen (VOWG_p.DE) is trying to recover margins after poor bets on raw material pricing hurt quarterly earnings. To that end, the German carmaker is...
According to five individuals familiar with the situation, European Union parliamentarians reached a consensus late on Tuesday on a crucial component of new artificial...
Chief Executive Andrea Orcel of UniCredit (CRDI.MI), located in Italy, stated that the company’s recent enhancements to Buddybank, its mobile banking service, will facilitate...
Senior leaders will share Pam Lifford’s responsibilities as the president of Warner Bros. Discovery’s consumer goods division, the company announced on Wednesday (WBD.O.). Reporting...
On Wednesday, Stellantis NV (STLAM.MI) reiterated that it was exploring deeper connections with Chinese automakers following a Bloomberg story that the business was closing...
As part of an international effort to reduce expenses, Barclays Plc (BARC.L) is letting go of dozens of employees in its U.S. consumer banking...
Many states in the United States have filed lawsuits against Meta Platforms (META.O) and its Instagram division, claiming that the company’s addictive social media...
Hess Corp. (HES.N), an oil and gas producer, exceeded Wall Street projections for third-quarter profit on Wednesday due to increased output, only days after...
August saw the addition of BlackRock’s (BLK.N) proposed bitcoin exchange-traded fund (ETF) to a clearinghouse eligibility file; however, clearinghouse DTCC stated that this action...
Just one year after agreeing to collaborate in an attempt to surpass Tesla in sales, Honda Motor (7267.T) and General Motors (GM) have abandoned...
Due to quality problems at supplier Spirit AeroSystems (SPR.N.), Boeing (BA.N.) on Wednesday reduced its 737 delivery prediction for this year. This is a...
To increase earnings, CEO Wael Sawan of Shell (SHEL.L) plans to reduce around 15% of the personnel in its low-carbon division and scale back...
The third-quarter earnings of CME Group (CME.O) increased on Wednesday as traders utilized the company’s products as a hedge against market volatility. The economy’s...
The Swedish industrial company Atlas Copco (ATCOa.ST) announced on Wednesday a higher-than-expected increase in adjusted earnings for the third quarter but forecasted short-term declines...
Record hotel rates and greater occupancy rates helped Hilton Worldwide Holdings (HLT.N) surpass Wall Street projections for third-quarter revenue and raise its full-year guidance...
As customers rushed to T-Mobile US’s cheaper plans in a fiercely competitive industry, quarterly subscriber additions beat projections. On Wednesday, the firm boosted its...
On Wednesday, oil prices fell for a fourth day as worries about decreasing European demand outweighed Middle Eastern supply interruptions from the Israel-Hamas conflict...
The manufacturer of Dettol and Lysol cleaning products, Reckitt (RKT.L.), missed third-quarter like-for-like sales targets on Wednesday due to lower volume but said that...
NextEra Energy (NEE.N.) was able to produce a profit for the third quarter on Tuesday that was higher than what Wall Street had anticipated...
Coca-Cola Company (KO.N.) increased its annual sales and profit predictions on Tuesday, marking the second time this year that the company has done so....
On Tuesday, HCA Healthcare (HCA.N.) reported a quarterly profit that fell short of expectations on Wall Street. Increased staffing costs and subpar sales at...
Despite widespread fears regarding travel in the Middle East after an increasing conflict between Israel and Hamas terrorists, Wall Street’s top financiers came up...
Great Wall Motor, a Chinese automaker, said it has formally filed its comments to the anti-subsidy inquiry that the European Commission is conducting into...
Australia announced on Tuesday that it was evaluating an emergency appeal submitted by an indigenous group that aims to halt the pipeline building as...
According to a study, commercial activity in the Eurozone took an unexpected and unfavorable turn for the worst this month as demand dropped in...
On Tuesday, the President of the World Bank, Ajay Banga, stated that geopolitical tensions represent the greatest threat to the global economy. However, Banga...
Mitsubishi Motors (7211.T) announced on Tuesday that it intended to invest up to 200 million euros ($213.66 million) in the brand-new electric car subsidiary...
On Tuesday, Qantas Airways (QAN.AX) said that the firm and China Eastern Airlines (600115. SS) had withdrawn their application to the Australian competition authorities...
The goal of Wednesday’s annual policy statement will be to stabilize an economy that has suffered from widespread emigration from the city and economic...
Oil prices increased on Tuesday, regaining some losses they had sustained the previous day. Investors were concerned that the battle between Israel and Hamas...
Novartis (NOVN.S.), based in Switzerland, announced on Tuesday that it is increasing its profit prediction for the entire year for the third time. The...
It is anticipated that shares of the German sportswear brand Puma (PUMG.DE) will increase on Tuesday as a result of the company’s reiteration of...
Barclays (BARC.L) hinted at big cost cuts to come later this year as it announced a profit for the third quarter that narrowly exceeded...
Hermes, the producer of the Birkin bag, reported a significant increase in third-quarter sales, with year-over-year growth of 15.6%. This growth rate exceeded forecasts...
The German automaker Volkswagen (VOWG_p.DE) decreased its profit margin projection for the current year, disappointing some investors, and its shares dropped more than 3%...
On Monday, Chevron Corp. (CVX.N) said it would pay $53 billion in all stocks to acquire its smaller competitor, Hess Corp. (HES.N). Chevron’s offer...
According to a report released on Monday, the French government’s fleet of A330 MRTTs (Multi Role Tanker Transports) will get capability upgrades and in-service...
The Japanese yen was the focus of attention in Asia on Monday, momentarily falling to a level of 150 per dollar as speculators banking...
Beyonca, a manufacturer of electric vehicles, announced on Monday that it had signed an investment deal with Al Faisaliah Group Holding Company of Riyadh....
Drugmaker Indivior (INDV.L) announced on Monday that it would pay $385 million to resolve accusations made by direct purchasers that it had improperly stifled...
On Monday, Roche (ROG.S.) announced that it will purchase Telavant from Roivant Holdings (ROIV.O.) and Pfizer Inc. (PFE.N.) for an initial $7.1 billion. Telavant...
Alibaba Group (9988. HK), the world’s largest e-commerce company, said that it will be giving steep discounts as it prepares for its annual Singles...
South32 (S32.AX), an Australian company, reported a larger-than-anticipated 18% decline in metallurgical coal production during the first quarter on Monday due to production problems...
According to a business letter, Toyota Motor (7203.T) of Japan is pleading with the Indian government to reduce taxes on hybrid automobiles by as...
Following ElectraMeccanica’s (SOLO.O) decision earlier this month to withdraw their proposed agreement, British electric truck manufacturer Tevva “re-engaged” with several potential merger partners and...
In what will be the first battery supply agreement between the two businesses, Samsung SDI (006400. KS) of South Korea said on Monday that...
Oil prices fell more than $1 on Monday due to concerns for a larger war in the oil-rich area and a strain on supply...
Wayne Cole provides an overview of the European and international markets for the next day. Asia’s markets have had a cautious start to the...
Australia’s Lynas Rare Earths (LYC.AX) announced on Friday that it intended to temporarily halt all activities in Malaysia, except a mixed rare earth carbonate...
According to sources familiar with the situation, Bloomberg News reported on Friday that Kioxia Holdings had approached the government-backed Japan Industrial Partners (JIC) to...
China Evergrande Group (3333. HK) announced on Friday that the parameters of a planned offshore debt restructuring arrangement were being changed to accommodate the...
According to the Globe and Mail on Friday, Canadian Conservative Party leader Pierre Poilievre demanded that the federal government reject the Royal Bank of...
According to a report on state television on Friday, President Vladimir Putin traveled to the Russian military’s headquarters in the southern city of Rostov-on-Don...
After the 10-year yield reached a new decade high on Friday, the Bank of Japan intervened in the Japanese government bond (JGB) market for...
According to reports, pharmaceutical company Merck will pay Daiichi Sankyo $5.5 billion to collaborate on developing three of its candidate cancer medications. Depending on...
According to information on Thursday’s electric car manufacturer’s website, the Model X Plaid all-wheel drive in the United States has climbed from $89,990 to...
The owner of Holiday Inn, IHG (IHG.L), stated on Friday that it anticipated finishing 2023 with “very strong” financials after reporting an increase in...
On increased concerns that the Israel-Gaza war may expand throughout the Middle East and disrupt supply from one of the world’s top-producing regions, oil...
After acquiring Credit Suisse, UBS (UBSG.S.) announced on Friday that it will restructure the board of its domestic Swiss company, appointing a new chairman...
The commerce ministry announced on Friday that China would need export licenses for select graphite goods to safeguard national security. This is part of...
The jump in the yield on the 10-year U.S. Treasury note, which briefly surpassed 5% overnight for the first time since 2007, helped push...
As worries about a Middle East conflict grew, and long-term U.S. rates continued to increase, pressuring valuations, Asian equities hit a new 11-month low...
Core inflation in Japan fell below the 3% mark in September for the first time in more than a year. Still, it was above...
President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing that China is eager to provide aid to that country without regard...
According to Shein’s Brazilian manufacturing director, Fabiana Magalhaes, the Chinese fast-fashion retailer wants to begin exporting its Brazilian-made goods to other Latin American countries...
According to three individuals with knowledge of the situation, Hitachi (6501.T) is likely to receive EU antitrust permission for its 1.7 billion euro ($1.8...
As it fights to combat the effects of rising jet fuel prices and costly labor contracts, American Airlines (AAL.O) on Thursday lowered its prediction...
The third quarter profit of Swiss elevator manufacturer Schindler (SCHP.S) increased by 23% due to growth in maintenance and other services, prompting a small...
Invoking economic unpredictability and highlighting concerns about a slowdown in demand, Tesla (TSLA.O) joined General Motors (GM.N) and Ford (F.N.) in being cautious about...
Dongfeng Motor Group (0489. HK) of Hong Kong and Stellantis (STLAM.MI) of the Netherlands said on Thursday that the automakers would increase their vehicle...
Philip Morris International (PM.N), helped by increasing cigarette pricing, demand for its heated tobacco products, and the quick development of its oral nicotine product...
The largest private equity firm in the world, Blackstone Inc. (BX.N), reported on Thursday that a fall in asset sales from its real estate...
The Financial Times reported on Thursday that Beijing is considering delaying US chipmaker Broadcom Inc’s (AVGO.O) $69 billion acquisition of cloud computing company VMware...
Yoon Suk Yeol, the president of South Korea, will travel to Saudi Arabia and Qatar on official business from October 21 to October 26....
The diverse German company Merck KGaA (MRCG.DE) has raised the possibility of revenue growth returning in 2019. This is due to a rebound in...
On Thursday, the Australian Shareholders’ Association said it would vote against Vanessa Hudson’s appointment as a director of the business and as chief executive...
Due to excessive gains fueled by a media story of a potential purchase by CVC Capital Partners, which the private equity firm declined to...
After at least one of its clients was accused of money laundering, the Monetary Authority of Singapore (MAS) said on Wednesday that it would...
After the Chinese economy expanded faster than anticipated in the third quarter compared to a year earlier, JP Morgan and Nomura raised their projection...
According to three individuals who know the situation, despite the possibility of tariffs in the region, Chinese EV manufacturer Nio (9866. HK) is contemplating...
On Wednesday, AB Volvo (VOLVb.ST), which announced a higher-than-anticipated increase in quarterly earnings, stated that it anticipates a slowdown in the European and North...
Adidas (ADSGn.DE) shares rose 4% at the market start on Wednesday due to the sportswear company raising its annual outlook in a surprise third-quarter...
One of the most photographed structures in the world, the Sydney Opera House is instantly recognizable by its sails shimmering above Sydney Harbour. The...
Infineon, a German chipmaker, announced on Wednesday that it has reached a multi-year arrangement with Hyundai and Kia to supply power semiconductors to assemble...
After posting third-quarter results that met analysts’ forecasts on Wednesday, semiconductor equipment maker ASML Holding NV (ASML.AS) warned about flat revenues in 2024 as...
After the Australian wealth management warned of reduced growth prospects for the remainder of the year and a decline in yearly margins as high-interest...
On Wednesday, Australia’s central bank governor stated that the country’s economy was facing “challenging” conditions due to sluggish consumption and high inflation and that...
Barratt Developments (BDEV.L), the largest homebuilder in the UK, declined to provide a full-year profit projection on Wednesday, citing a “uncertain” outlook due to...
On Tuesday, the blockbuster anti-inflammatory medicine Stelara’s continued popularity helped Johnson & Johnson (JNJ.N) improve its 2023 profit prediction. The company also realized a...
In the third quarter, Bank of America’s (BAC.N) earnings increased as it followed rivals in increasing its revenue from client interest payments, while investment...
After asset management BlackRock rejected a rumor in the cryptocurrency media that U.S. authorities had accepted its high-profile application for a cryptocurrency investment product,...
Following a more than $1 decline on Monday, oil prices stabilized Tuesday as Washington increased efforts to stop an escalation of the conflict between...
Rolls-Royce (RR.L) said on Tuesday that it will eliminate up to 2,500 positions as its new chief executive works to create a more efficient...
According to three people who spoke to Reuters, Brookfield (BN.TO), through its unit Brookfield Reinsurance (BNRE.N), is considering joining Britain’s expanding pension insurance market...
According to two sources, Japan’s biggest trading house, Mitsubishi Corp (8058.T) is debating making an offer for Fujitsu’s (6702.T) chip packaging subsidiary Shinko Electric...
The stock and bond prices of China’s Gemdale (600383. SS) fell on Tuesday following the departure of its chairman, making it the most recent...
After reporting a decline in third-quarter revenue as demand for 5G equipment declined in North America, Ericsson (ERICb.ST) said on Tuesday that it anticipated...
In response to mounting market concerns about the country’s stressed public finances, authorities stated that Italy’s deficit-increasing 2024 budget, which the cabinet is expected...
On Monday, when it renewed medium-term policy loans, China’s central bank increased liquidity assistance to the banking sector while maintaining the interest rate out...
As mediated negotiations proceeded on Monday, unions at Chevron’s liquefied natural gas (LNG) plants in Australia repeated their intention to begin strikes, prompting the...
Investors are watching to see if the Israel-Hamas war involves other nations, which might push up prices further and inflict a major blow to...
In Japan’s largest IPO in five years, chip equipment manufacturer Kokusai Electric (6525.T) raised $724.4 million by placing its shares at the top of...
Casino, a heavily indebted French grocery operator, announced on Monday that it had reached an early agreement to sell Grupo Calleja its investment in...
As Middle East tensions rose and investors anticipated hints from Federal Reserve Chair Jerome Powell’s speech later this week, the dollar fell from its...
Rite Aid (RAD.N) announced a new CEO and filed for Chapter 11 bankruptcy Sunday. This action would put an end to lawsuits the drugstore...
A plan by Southeast Asian ride-hailing startup Grab (GRAB.O) to purchase Trans-cab, Singapore’s third-largest taxi operator, has raised worries about competition, according to the...
On Monday, there was increased concern over the rising bloodshed in Gaza and the possibility that the battle may involve more than just Israel...
As part of a government-backed plan to reorganize the former phone monopoly, U.S. firm KKR (KKR.N) is getting ready to submit a billion euro...
China FX regulator says CBDC features could improve monetary policy. According to state media on Friday, a Chinese official in charge of regulating foreign...
The Australian ANZ Group (ANZ.AX) has recognized a Federal Court ruling that found the bank was required to inform the market that the joint...
Oil rises as U.S. sanctions stockpile forecasts raise supply worries. In an already competitive market, the tightening of U.S. sanctions against Russian crude shipments...
China’s export and import growth with Russia quickens in September. China’s customs statistics indicated on Friday that its exports and imports to Russia increased...
On Friday, negotiations between Chevron and unions at its liquefied natural gas (LNG) plants in Australia again advanced. Still, they could not reach a...
California AG says he may sue to stop Kroger from buying Albertsons. Rob Bonta, California’s attorney general, stated that his office was worried about...
Stocks in Asia slump on rate jitters. Stronger-than-expected U.S. consumer pricing data boosted the argument for the Federal Reserve to keep rates higher for...
Dollar drifts near two-week low ahead of U.S. inflation data. The Federal Reserve’s next course of action will be influenced by U.S. inflation figures,...
China bans new offshore brokerage accounts in capital control move. According to an official document seen by Reuters and corroborated by four sources, China...
Venezuelan bondholders file a claim with a New York court amid a tolling agreement. Holders of delinquent debt issued by Venezuela and its state...
Ericsson shares volatile after results, $2.9 billion charge. After the Swedish telecom equipment manufacturer overnight disclosed a $2.9 billion impairment relating to its acquisition...
UAW expands auto strike to Ford’s biggest plant in a surprise move. The United Auto Workers’ four-week targeted strike against the Detroit Three automakers...
On Thursday, Kia Corp (000270. KS) showcased three new small-to-medium-sized electric vehicles (EVs) to further its electrification strategy. In an all-out effort to meet...
As a sign of support for the city-state, Citigroup Inc. (C.N) said on Thursday that its board of directors will convene in Singapore for...
US pharmacy chain Walgreens names Tim Wentworth as CEO. Tim Wentworth has been named as the new chief executive of Walgreens Boots Alliance, a...
The union representing Kia Corp (000270. KS) in South Korea said it would put off its earlier Wednesday scheduled partial walkout to continue its...
Airline Vueling faces Italy antitrust probe on hand luggage fees. Spanish budget carrier According to the Italian competition regulator (AGCM), Vueling is under antitrust...
Blackstone holds initial talks with Disney for a stake in India’s arm. According to two persons familiar with the situation, private equity firm Blackstone...
LVMH sales growth loses fizz as post-pandemic splurge wanes. A strong wave of post-pandemic spending has slowed down due to rising prices and economic...
Travis Perkins warns on profit from the UK housing market hit. The largest supplier of building supplies in Britain, Travis Perkins (TPK.L), revised its...
Uniqlo owner set for 26% profit surge on China rebound, yen slide. When it releases its financial results on Thursday, the Japanese company that...
Saudi Arabia-Russia supply cuts disrupt oil and U.S. dollar relations. Oil’s propensity to move in the opposite direction of the U.S. dollar has been...
Asia stocks hit 2-week high as Fed talk turns dovish. The dollar advanced on Wednesday as traders reduced their expectations for U.S. interest rates...
According to a statement made on Wednesday by the Malaysian carmaker DRB Hicom and the Chinese automaker Zhejiang Geely Holding Group Co Ltd, the...
Daimler Truck premieres the new eActros 600 in a step towards an all-electric shift. The battery-electric long-haul truck eActros 600 had its European debut...
The coal industry faces 1 million job losses from the global energy transition. Even without any additional commitments to phase out fossil fuels, the...
Carmakers apply for French EV subsidies under more stringent rules. Automobile manufacturers will start providing French authorities with the technical details of their electric...
As pricing competition in the biggest car market in the world heats up, Chinese electric vehicle startup WM Motor has filed for bankruptcy, signaling...
The German asset management KGAL and the Italian energy company Edison (EDNn.MI) have agreed to jointly develop a solar power facility in central Italy...
Deloitte expands as PwC Maldives, Sri Lanka network firms exit. According to a Deloitte document reviewed by Reuters, the global accounting giant is expanding...
According to a framework agreement with the German military, Rheinmetall (RHMG.DE) secured another order for artillery ammunition for Ukraine. By the most recent call-off,...
German antitrust head warns AI may boost Big Tech’s dominance. The director of Germany’s antitrust agency has cautioned that the market dominance of Big...
Dollar, yen gain on flight to safety as Hamas attack dents sentiment. On Monday, as unrest in the Middle East worried markets, safe-haven currencies...
World Bank’s Banga faces pressure on resources shareholder schisms. This week, pressure will be put on World Bank President Ajay Banga to concentrate on...
CNN reported on Friday, citing an organizer, that pharmacy employees at select Walgreens (WBA.O) locations in the United States intend to leave their jobs...
According to the scheme’s website, Saudi Arabia will introduce a greenhouse gas credits program early next year, enabling businesses to offset their emissions by...
The largest vaccine manufacturer in China, Zhifei (300122. SZ), has agreed to pay British pharmaceutical giant GSK (GSK.L) 2.5 billion pounds ($3.05 billion) in...
The Middle East war increased the price of oil and Treasury bonds, which caused U.S. stock futures to decline on Monday. Meanwhile, the hot...
Weight-loss drugs fuel boom for firms that fill syringes. Contract pharma makers are spending billions of dollars to develop or construct facilities that fill...
Citigroup to sell China consumer wealth business to HSBC. On Monday, Asia-focused HSBC Holdings Plc (HSBA.L) was informed by Citigroup Inc (C.N) that it...
Shares of troubled British lender Metro Bank (MTRO.L) surged in early trading on Monday after frantic negotiations over the weekend due to turbulent trading...
On Friday, the U.S. Commerce Department placed 42 Chinese businesses on a federal export restriction list to support Moscow’s military and defense industrial base,...
Though pay growth is slowing, September job growth indicated that the labor market is robust enough for the Federal Reserve to hike interest rates...
An Australian billionaire, Gina Rinehart, increased her share in lithium producer Liontown Resources (LTR.AX) once again, giving her the power to thwart Albemarle Corp.’s...
Casino (CASP.PA), a French retail chain, has agreed with its principal creditors, led by Daniel Kretinsky, a Czech billionaire, to restructure its debt to...
On Thursday, Conagra Brands (CAG.N) reported that numerous price increases and easing cost pressures helped offset sluggish demand for the packaged food maker’s goods....
According to a worldwide message to employees on Wednesday obtained by Reuters, Citigroup (C.N.) officials are evaluating worker rosters to decide by November who...
According to a spokeswoman, Air France-KLM (AIRF.PA) continues to have a significant ownership in Portugal’s national airline, TAP, and the acquisition of a share...
India’s Tata Group is in talks with Temasek to buy back a stake in Tata Play. According to persons familiar with the situation, Bloomberg...
In response to pent-up demand for robotic equities, shares of South Korea’s Doosan Robotics (454910. KS), whose robots can pour beer and brew coffee,...
Porsche (P911_p.DE) is a German carmaker and investor at UP. Partners have founded Sensigo, a California-based firm that uses artificial intelligence to help mechanics...
After analysts predicted that the sportswear company’s third-quarter profits could fall short of market expectations, Puma shares (PUMG.DE) dropped 7.8% on Thursday. According to...
UK regulator asks for antitrust probe into Amazon and Microsoft’s cloud dominance. ON THURSDAY, the UK’s media regulator requested an investigation into the dominance...
European stocks gain as US yield surge pauses. After a drop in oil prices and worse U.S. labor market data late on Wednesday helped...
Metro Bank plunges on talk of big fundraising to fix finances. Following news that the British lender was looking into possibilities to raise as...
As part of a major push toward renewable energy, Indian oil refining giant Reliance Industries unveiled its interchangeable and multifunctional battery storage technology for...
Spain doesn’t rule out tariffs on imports of solar products. Teresa Ribera, Spain’s acting energy minister, did not exclude placing taxes on imports of...
According to sources familiar with the bank’s operations, UBS (UBSG.S) is attempting to draw clients by offering above-market rates on deposits as it looks...
Atos (ATOS.PA), a struggling French IT company, announced a management reorganization on Wednesday and named Yves Bernaert its third CEO in less than two...
On Wednesday, Australian lender Westpac (WBC.AX) announced that it had abandoned plans to sell its companies in Fiji and Papua New Guinea, ending a...
According to persons familiar with the situation, BP Plc (BP.L) is considering selling a 49% share in its U.S. oil and gas pipeline network...
SAS shares plunge 95% as restructuring wipes out owners. After the Scandinavian airline disclosed new major investors late on Tuesday as part of a...
On Tuesday, metalworkers at the Sao Jose dos Campos facility of Brazilian aircraft manufacturer Embraer (EMBR3.SA) opted to call off a walkout they had...
After nearly 28 years with the investment bank, Chris Kojima, a senior executive in the asset and wealth management division of Goldman Sachs (GS.N),...
LinkedIn taps AI to make it easier for firms to find job candidates. Recruiters will be able to identify job applicants by asking questions...
According to two individuals with knowledge of the situation who spoke to Reuters, United Airlines (UAL.O) was planning to announce an order for 50...
UPS and FedEx customers regain the upper hand in the delivery price battle. Industry statistics and interviews with seven price negotiators show that U.S....
Japan puts the brakes on lucrative used-car trade with Russia. According to trade statistics and market players, Japan’s decision to prohibit most used-car sales...
Eni, an Italian energy company, revealed on Monday that it has made a significant gas find in Indonesia, extending its presence in the Asian...
Explore Elon Musk’s game-changing impact on Renewable Energy and Solar Power. Learn how Musk’s vision is reshaping the energy landscape. KEY TAKEAWAYS Innovation...
Discover how Elon Musk’s Boring Company is revolutionizing urban mobility with tunneling technology for traffic alleviation. KEY TAKEAWAYS Innovative Tunneling Technology: The Boring...
On Friday, oil prices were mixed during a volatile trading session due to concerns about the macroeconomy and profit-taking. However, oil prices were expected...
According to sources familiar with the situation, the private equity firm Carlyle Group Inc. (CG.O) has gone into exclusive discussions to purchase a controlling...
TSX climbs as GDP data cements hopes of interest rate pause. Even as it prepares to record its worst quarter in more than a...
Canada’s economy stalled in July as previous rate hikes took hold. The economy of Canada came to a standstill in July and inched up...
Cathay Pacific Airways (0293.HK) of Hong Kong said on Friday that it has ordered 32 Airbus A321-200neo aircraft from Airbus (AIR.PA) for a basic...
Explore the latest controversies surrounding Elon Musk and Tesla. Dive into the controversies that have shaped their journey. KEY TAKEAWAYS Elon Musk’s Twitter...
According to a story published by Bloomberg News on Thursday, Epic Games, the company that created “Fortnite,” will be firing around 900 workers, or...
Two people said that HSBC (HSBA.L) will purchase Citigroup’s (C.N.) China’s consumer wealth management unit, which handles more than $3 billion in assets, boosted...
Wael Sawan, the CEO of Shell (SHEL.L), has come under fire from within the oil firm for his strategy after two workers sent a...
The world’s largest e-commerce platform, Shopify (SHOP.TO), is investing in the wholesale platform Faire, the two firms said on Wednesday. As part of the...
Lucid opened its first international EV factory in Saudi Arabia. A pact to advance Saudi Arabia’s push toward electrification saw electric car manufacturer Lucid...
FTC’s Amazon antitrust lawsuit faces a high bar in USA court. Legal issues are present in the U.S. Federal Trade Commission’s (FTC) lawsuit accusing...
U.S. sues eBay over sale of harmful products. The United States government filed a lawsuit against eBay (EBAY.O) on Wednesday, accusing the company of...
Rami Baitiéh, who most recently served as the CEO of Carrefour France, has been selected to take over as the head of the British...
The rise in inflation in Australia for August was in line with predictions, and a measure of core inflation fell even more, which relieved...
Ford Motor (F.N) halted development on a $3.5 billion electric car battery facility in Michigan on Monday, citing worries about its ability to operate...
China’s Alibaba started restructuring with a plan to list its logistics arm in Hong Kong. Alibaba Group (9988. HK) began its reorganization on Tuesday...
Uber partners with California taxi operators to boost supply. Uber Technologies (UBER.N) said on Tuesday that it is collaborating with Los Angeles Yellow Cab...
To broaden its investigation into Wall Street’s use of private messaging apps, the U.S. securities regulator has gathered thousands of staff communications from more...
Nissan Motor Co. (7201.T) announced on Monday that all new models it introduces in Europe would be electric, and by 2030, it intends to...
Aviva (AV.L) announced on Monday that it has reached an agreement to purchase the life insurance business of AIG (AIG.N) in the United Kingdom...
Oil prices dipped Thursday after the greatest monthly decline in the previous session as U.S. interest rate hike forecasts countered crude storage drawdowns. By...
On Thursday, Australia’s industrial arbitration offered procedures to Chevron (CVX.N) and unions to resolve a long-running dispute over wages and conditions at two liquefied...
According to sources familiar with the situation, Unilever Plc (ULVR.L) has recruited Morgan Stanley (MS.N) and Evercore Inc (EVR.N) to sell a basket of...
EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal. According to a filing that the European Commission submitted on Thursday, EU antitrust...
New Zealand’s economy increased more than predicted in the second quarter, driven by a services sector pick-up, avoiding a technical recession. This will aid...
New Zealand’s Fonterra Co-Operative Group (FCG.NZ) reported a more than doubled annual profit on strong cheese and protein margins and a bigger final dividend...
Ryanair (RYA.I) announced on Thursday that it will cut 17 flights from its winter schedule at Dublin airport and move all 19 of its...
Qantas chairman refuses to quit amid investor pressure – ABC News. According to an interview with a radio show, the chairman of Australia’s Qantas...
VinFast will deliver EVs to Europe this year as the EU probes China’s rivals. As the European Union mulls slapping tariffs on its Chinese...
WhatsApp, owned by Meta (META.O), announced on Wednesday that it will begin accepting credit card payments and services from competing digital payment providers within...
Swedish budget sets out tax cuts as defense spending ramps up. On Wednesday, Sweden’s 2024 budget pledged 39 billion crowns ($3.5 billion) in tax...
On Wednesday, the Commonwealth Bank of Australia (CBA.AX) announced a partnership with Tesla (TSLA.O) to finance EV purchases. Customers can apply for personal loans...
U.S. business optimism about China’s outlook falls to record low, – survey. The percentage of U.S. companies enthusiastic about their five-year outlook in China...
Asia stocks slide amid China woes; Japan catches up on chip sell-off. Concerns about the Chinese real estate market caused declines in markets from...
The Canadian union Unifor announced late Monday that contract talks with Ford Motor (F.N) were ongoing. It recommended members to report for duty until...
Swedish defense equipment manufacturer Saab (SAABb.ST) announced on Monday that the U.S. Department of Defense has placed a new order for $104.9 million for...
Bob van Dijk has resigned as chief executive officer at both the Dutch-listed technology investor Prosus NV (PRX.AS) and its South African parent company...
Alibaba Group Holding Ltd (9988. HK), a Chinese e-commerce behemoth, has informed Turkish President Tayyip Erdogan that it intends to invest in Turkey in...
The strike-hit Wheatstone LNG project in Western Australia resumed full production on Monday after a problem last week curtailed production by around one-fifth. After...
Salesforce to hire 3,300 people after layoffs earlier this year, Bloomberg reports. After making layoffs of 10% of its workforce in January of this...
Valero Energy (VLO.N) authorized a $2.5 billion share repurchase with no expiration date on Friday. Valero stated in a filing that the buyback would...
President Joe Biden urged Detroit’s top automakers to provide more to striking employees on Friday, accusing them of making record profits without sharing them...
Delta Air Lines (DAL.N) said it expects a limited impact from RTX’s (RTX.N) Pratt & Whitney engine quality difficulties soon but has yet to...
Beijing blasts EU probe as protectionist as China’s EV maker stocks slide. As Chinese EV manufacturer shares fell on Thursday, Beijing condemned the European...
Euro rises from near 3-month low before ECB; Aussie jumps. After U.S. inflation data failed to change thoughts for a Federal Reserve pause next...
BP (BP.L) CEO Bernard Looney’s untimely retirement has left the British oil corporation in a leadership crisis with no clear successor, business and industry...
A senior executive said India’s Aeroflex Industries (AERO.NS), making metal hoses for utilities, refineries, and firefighting equipment, is negotiating to join the aerospace industry...
H&M (HMb.ST) will offer secondhand clothing and accessories at its London flagship store starting Oct. 5, amid pressure on fast fashion businesses to reduce...
Hungary’s agricultural minister warned Wednesday that Romania, Slovakia, and Bulgaria would block Ukrainian grain imports to defend their markets if the EU doesn’t extend...
BP (BP.L) CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in charge for failing to disclose prior personal...
On Wednesday, Swiss engineering and technology giant ABB (ABBN.S) announced a $280 million robotics plant in Sweden to address rising demand from clients shifting...
On Wednesday, the European Commission launched an anti-subsidy probe into Chinese electric cars, claiming large state subsidies were distorting the EU market. Electric cars...
Asian shares slip, and oil holds gains ahead of the US inflation test. Asian stocks slumped as Wall Street wobbled overnight, preparing for critical...
According to a blog post published Tuesday, TikTok has officially launched its e-commerce company in the United States after conducting tests there for the...
In a Monday CNBC interview, UPS.N CEO Carol Tome claimed the union’s $30 billion five-year pact with Teamsters-represented employees would cost less. UPS Chief...
Barclays laying off over 450 staff, UK trade union says. In a strategic move set to reshape the banking industry landscape, Barclays, one of...
On Tuesday, GlobalFoundries (GFS.O), the world’s third-largest contract chipmaker, unveiled a semiconductor fabrication factory in Singapore that cost $4 billion. This opening was part...
According to an internal letter that Reuters accessed, the newly appointed CEO of Alibaba Group, Eddie Wu, has informed employees that “user first” and...
France’s Macron says Bangladesh commits to ordering 10 Airbus aircraft. On Monday, Emmanuel Macron, the President of France, said that Bangladesh has committed to...
On Monday, Waitrose and Aldi (ALDIEI.UL) announced further price cuts, easing food inflation in Britain. Waitrose will decrease the pricing of 250 more goods...
Analysts believe Inditex (ITX.MC), the owner of Zara, is in a healthy financial position despite the industry-wide push to decrease garment prices due to...
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S. currency and economic worries...
Instead of reaching an agreement with unions, Chevron Australia (CVX.N) will use an unproven legal technique to avert industrial action at its Gorgon and...
Country Garden faces fresh test for onshore bond extensions. After avoiding default at the last minute twice this month to provide some relief to...
Following their best week in over two months, Indian shares are expected to begin slightly lower on Monday. Asian markets also began lower ahead...
An Ad Valorem Tax: What Is It? A tax based on an item’s assessed value, such as real estate or personal property, is an...
What is an Actuarial Life Table? An actuarial life table is a chart or spreadsheet that displays the likelihood that someone will pass away...
Actuarial Gain Or Loss: What Is It? A rise or a reduction in the predictions used to evaluate the liabilities of a corporation’s defined...
How Do You Define an Activity Ratio? One form of financial indicator is the activity ratio, which measures how well a firm turns its...
What Does an Acquisition Cost Mean? An acquisition cost, also known as the cost of acquisition, is the entire cost that a business records...
In an attempt to get regulatory permission for its almost $25 billion acquisition of Albertsons, a smaller competitor, Kroger (KR.N), said on Friday that...
CME Group will cut 3% of its employees and reallocate roles. In a significant move, the CME Group, a leading financial derivatives exchange company,...
UPS wants a labor deal before August 1. United Parcel Service (UPS), a global logistics and package delivery service leader, has expressed its strong...
European stocks rise as U.S. inflation cools. European shares have experienced gains as investors anticipate the release of crucial U.S. inflation data. The market’s...
Renault, the renowned automotive brand, has reported a remarkable 11% increase in sales during the first half of the year. This impressive growth reflects...
BP, a major energy company, has settled a long-standing legal case involving allegations of market manipulation in the US natural gas market. The settlement...
Gold falters as traders anticipate US inflation data. The price of gold remains steady as investors worldwide eagerly await the release of key US...
Airbus opens a small jet production plant under A380’s shadow. Airbus, one of the world’s leading aircraft manufacturers, has recently inaugurated a new assembly...
Indian court rejects PepsiCo’s potato patent revocation petition. PepsiCo, the multinational food and beverage company, faced a significant setback as an Indian court turned...
After VW discounts, GM lowers China Lyriq EV price by 14%. General Motors (GM) has announced a 14% price reduction for its Lyriq electric...
Shareholders of Thames Water, one of the largest water utility companies in the UK, have committed to providing an additional £960 million in funding....
Alibaba, Tencent soar as investors bet Tech censorship in China is over. Alibaba Group Holding Ltd’s stock is expected to open with a significant...
French central bank chief advises against boosting ECB inflation objective. The head of the French Central Bank has cautioned against raising the inflation target...
Ant Group, the Chinese financial technology giant, has announced a share repurchase plan that values the company at nearly $79 billion. This move signifies...
China has concluded its regulatory revamp of Ant Group, the financial technology giant, by imposing a fine of at least $11 billion. This move...
Continental, a leading automotive technology company, has announced plans to phase out its activities at the Gifhorn plant in Germany by the end of...
Temu, a startup e-commerce platform, has announced its expansion into Japan, signaling its growth and ambition in the global market. This move presents new...
Adani Green, a leading renewable energy company in India, is reportedly considering raising $1.5 billion in funding. This move comes as the company seeks...
VW prepared for China metal curbs and chipmakers downplay fallout. Volkswagen, the renowned automotive manufacturer, has expressed its readiness to handle China’s metal curbs...
Xpeng (9868. HK), a Chinese electric vehicle producer, expects its new model to outperform Tesla (TSLA.O) in the year’s second half. On Wednesday, Xpeng...
Nikola (NKLA.O), struggling with cash and competition, reported higher wholesale and retail sales of its electric vehicles in the second quarter on Wednesday. Retail...
Tesla Inc. (TSLA.O) dropped Japan’s Model 3 and Y prices by low single-digit percentages. According to its website, Tesla cut Model 3 and Model...
In an interview published Wednesday, Stellantis CEO Carlos Tavares claimed that despite the French government’s demand for more locally made automobiles, the electric Peugeot...
Russia-Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday that OPEC+ will do “whatever necessary” to assist the market. In response...
After Goldman Sachs downgraded top lenders, including the Agricultural Bank of China (AgBank), Hong Kong-listed Chinese banking shares fell on Wednesday. The Hang Seng...
According to sources, China-based online retailer Shein is in talks with the New York Stock Exchange and Nasdaq about a U.S. initial public offering....
Airbus (AIR.PA) is testing radical new wing technology to build a successor to its best-selling A320 series, but it must cut prices. On Tuesday,...
On Tuesday, Italy’s UniCredit (CRDI.MI) announced a new head of digital and a new director of operations to replace a Ping An Insurance executive...
Thames Water, Britain’s largest water supplier, was fined 3.3 million pounds ($4.2 million) on Tuesday for contaminating waterways in 2017. In 2017, the firm...
The UK’s FTSE 100 was flat on Tuesday as miners fell amid a weak Chinese demand outlook, but healthcare stocks rose after the previous...
On Monday, Britain’s Financial Conduct Authority (FCA) announced it would punish house and vehicle insurance for failing to help suffering consumers. The FCA said...
Glencore Plc (GLEN.L) offered $71 million to buy PolyMet Mining (PLM.A)’s remaining ownership on Monday. Swiss commodity trader owns 82.26% of PolyMet. Glencore is...
British equities rose on Monday as mining firms surged on higher metal prices and other Chinese-exposed companies firmed in anticipation of greater policy assistance...
The Financial Times reported on Monday that the EU is exploring a proposal for the Russian Agricultural Bank to establish a subsidiary to link...
On Monday, United Malt Group Ltd. (UMG.AX) accepted Malteries Soufflet’s A$1.5 billion ($999 million) buyout offer, making it the world’s largest malt maker. When...
E.V. charger manufacturers and operators call Texas’ Tesla charging station mandate “premature,” according to a Reuters document and source. Last week, Reuters reported that...
On Friday, Brazil’s Finance Ministry exempted enterprises in the tax collecting service’s new compliance program from federal taxes on e-commerce sales up to $50....
Global M&A activity decreased 36% year-on-year in the second quarter, but investment bankers and attorneys were optimistic that the stock market’s recovery would eventually...
Stellantis (STLAM.MI) struck an offtake and equity investment agreement with Australia-listed Kuniko (KNI.AX) to secure a consistent supply of battery materials. The two businesses...
Thomas Woldbye, CEO of Copenhagen Airport, will lead Western Europe’s busiest airport, Heathrow, later this year. Last year, Heathrow reclaimed its position as Western...
According to the statement that the company made on Friday, Akio Toyoda, the chairman of Toyota Motor (7203.T), received a total compensation package of...
Asian equities rose on Friday as dismal Chinese manufacturing activity data raised hopes for more stimulus and good U.S. economic data supported the Fed’s...
Exxon Mobil (XOM.N) has committed to developing more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc. (TTI.N), its second effort to control...
On Thursday, British banknote printer De La Rue (DLAR.L) maintained its 2017 adjusted operating profit target, supported by bid activity rebound and robust authentication...
Siemens AG (SIEGn.DE) will transfer some of its ownership in Siemens Energy AG (ENR1n.DE) to its pension fund to minimize the writedown it must...
U.K.’s FTSE 100 began modestly lower on Thursday as markets battled for direction after top central bankers signaled more policy tightening. At the same...
BMW (BMWG.DE) announced on Thursday that it will construct its X3 model in South Africa in 2024, investing 4.2 billion rand ($225.09 million) to...
On Thursday, Britain’s accounting watchdog penalized PwC 1.99 million pounds ($2.51 million) for “serious and pervasive” audit failures in Eddie Stobart Logistics’ year-to-November 2018...
On Thursday, investors pulled profits on concerns that more interest rate hikes will slow economic growth and global fuel demand. Weak Chinese economic data...
H&M (HMb.ST), the world’s second-largest fashion retailer, announced stronger-than-expected March-May profits and said third-quarter sales were off to a solid start as it tries...
Procter & Gamble India announced a 20 billion rupee ($243.79 million) personal healthcare manufacturing facility in Gujarat. The firm said Wednesday that the plant...
Two individuals with direct information said India’s antitrust regulator is reviewing Air India’s planned merger with Vistara and has asked the business why it...
On Wednesday, Boohoo (BOOH.L) encouraged Revolution Beauty (REVB.L) to hold a public meeting “without further delay” to remove CEO Bob Holt, Finance Chief Elizabeth...
According to a term sheet reviewed by Reuters, Sichuan Kelun-Biotech Pharmaceutical wants to raise $208.6 million in a Hong Kong IPO. The term sheet...
Rate surge complicates Generali $22 billion private equity portfolio sale. Three sources said rising interest rates complicate Assicurazioni Generali’s (GASI.MI) efforts to sell up...
Shop price inflation slows in June, poll reveals. A Tuesday survey revealed that British shop price inflation eased this month, relieving households from rising...
Despite the Republican campaign against climate-focused investing, U.S. asset managers integrate greenhouse gas emissions and other climate risks into their investment decisions as much...
Nissan (7201.T) shareholders re-elected its CEO and other board nominees at an annual meeting on Tuesday, days after senior management split amid claims of...
A Washington state official told Reuters that electric vehicle charging providers must use Tesla’s connection to participate in a federally funded highway electrification program....
On Tuesday, Orange (ORAN.PA) and MasMovil’s planned merger of their Spanish operations may weaken competition and raise prices. EU antitrust officials said that the...
Pertamina, Indonesia’s national energy provider, announced late Monday that it would work with Electrum to produce battery packs for electric motorcycles. On Friday, Electrum,...
After a massive hacking breach, Australia’s banking regulator ordered Medibank (MPL.AX) to set aside A$250 million ($167 million) in extra capital. The nation’s largest...
Russia, rates, and China worries shake Asian stocks. Asian equities swung on Tuesday as investors awaited interest rate hints and worried about China’s fragile...
British grocer Sainsbury’s (SBRY.L) lowered prices again, adding to evidence that food inflation will moderate this year and help consumers struggling with a cost...
Oil was marginally higher on Monday after an aborted weekend rebellion by Russian mercenaries increased concerns about petroleum supply, while markets lacked direction as...
On Monday, 26-06-2023, Denmark’s Danske Bank said that Infosys (INFY.NS), India’s second-largest IT services provider, will accelerate its digital transformation. Infosys said the five-year,...
House group critical of the Twitter probe to grill FTC chair on July 13. The House Judiciary Committee, chaired by Republicans who have harshly...
On Saturday, Energy Minister Chris Bowen announced that Australia would build a A$51 million ($34 million) renewable hydrogen facility in Victoria state. Bowen said...
After a tender offer, Japanese online financial conglomerate SBI Holdings Inc (8473.T) acquired 53.74% of midsize lender SBI Shinsei Bank (8303.T). After Friday’s tender...
SolarWinds (SWI.N) announced that some of its former and present officials had received Wells notices from the SEC regarding a massive 2020 data breach....
Cathay Pacific (0293. HK) flight CX880 aborted takeoff early Saturday at Hong Kong’s international airport owing to a technical fault, injuring 11 persons. Hong...
UAE bourses rise despite poor soil, rate-hike bets. Investors appeared to shrug off a drop in oil prices on Friday as fears over sluggish...
After Starbucks (SBUX.O) prohibited Pride Month decorations at its cafes, the baristas’ union announced on Friday that more than 150 outlets and 3,500 workers...
On Friday, Danish brewer Carlsberg (CARLb.CO) announced it had struck a deal to sell its Russian company but did not name the buyer or...
GSK (GSK.L) settled its first U.S. lawsuit alleging its discontinued heartburn medicine Zantac caused cancer on Friday, avoiding a trial next month. The corporation...
Last Monday, India’s corporate affairs ministry requested an inquiry from edtech firm Byju’s, CNBC-TV18 reported. According to the news outlet, the ministry has noted...
Nasdaq’s $10.5 billion investment in Adenza, a little-known financial software startup, will help the exchange operator dramatically expand its risk management, regulatory, and anti-financial...
Uber Technologies (UBER.N) announced on Wednesday that it was slashing 200 jobs in its recruitment division to maintain staffing levels and decrease costs. The...
According to plant operators, Exxon Mobil Corp.’s (XOM.N) 564,440-bpd Baytown, Texas, refinery’s reformer fire was rapidly doused on Wednesday. Sources say the 65,000-bpd Hydroformer...
After Federal Reserve Chair Jerome Powell delivered a predictable semi-annual testimony, the dollar remained near a one-month low against a basket of currencies on...
According to Bloomberg News, Telecom Italia (TLIT.MI) may sell a minority stake in its enterprise unit for more than 6 billion euros ($6.6 billion)....
Oil steady after a surprising drop in U.S. crude stocks balances demand fears. Oil prices held onto most of the previous day’s gains in...
Mastercard (MA.N) launched a global credit and debit card recycling program on Wednesday to preserve the billions of cards in circulation from landfills. Mastercard...
Oil rises due to Fed hawkishness outweighing Chinese demand concerns. After two consecutive losses, oil prices rallied early on Wednesday as anticipation of aggressive...
After a train hauling iron ore near Dampier derailed over the weekend, Rio Tinto (RIO.AX), the world’s largest iron ore miner, reopened a rail...
Cleareye.ai, a trade finance financial technology company, announced a strategic investment from JPMorgan (JPM.N). Last September’s commercial deal didn’t disclose financial details. Trade finance...
Hyundai Motor Co (005380. K.S.) announced on Tuesday that it will invest 109.4 trillion won ($85.4 billion) through 2032, dedicating a third to meet...
Hyundai Motor (005380. K.S.)’s CEO said Tuesday that the South Korean carmaker may make its vehicles more compatible with Tesla (TSLA.O)’s North American charging...
Alibaba Group (9988. HK) announced Tuesday that CEO and chairman Daniel Zhang would step down to focus on its cloud division as the Chinese...
According to a story from Bloomberg News on Tuesday, citing people familiar with the situation, Grab Holdings (GRAB.O), located in Singapore, is planning its...
After China dropped benchmark lending rates less than expected on Tuesday, oil prices fell, raising concerns about oil consumption in the world’s largest crude...
Asia shares plunge on China’s small rate drop. As investors awaiting a larger stimulus package from Beijing, Asian stocks dipped on Tuesday. On Tuesday,...
On Monday, McDonald’s Japan announced pricing increases at 184 city center locations, 6% of its 3,000 outlets, to offset rising rents and labor costs....
On Monday, billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N) increased their interest in Japan’s five largest trading firms to over 8%, highlighting and boosting...
Goldman Sachs (GS.N) analysts have lowered China’s economic growth projections due to consistently low confidence and the housing market’s cloud. According to a report...
Rio Tinto (RIO.AX) was recovering approximately 30 wagons of a self-driving iron ore train that derailed in Western Australia on Monday. Analysts warned the...
Asian equities stall rally, eyeing China stimulus, Powell testimony. After their best weekly run in five months, Asian shares started cautiously on Monday as...
On Friday, Tata Consultancy Services (TCS.NS) said it had agreed with insurance provider Transamerica to discontinue a $2 billion contract due to a difficult...
Westpac (WBC.AX) projected Australia’s cash rate peak to 4.6% on Friday, predicting quarter-point hikes in July and August. Rates are at an 11-year high...
Inflation drove a 9% increase in underlying UK sales for Britain’s largest retailer, Tesco (TSCO.L). On Friday, the business, which controls over 27% of...
The China-led Asian Infrastructure Investment Bank (AIIB) said it would assist with a Canadian government examination prompted by a top employee’s resignation over Chinese...
Asian markets surged to a four-month high on Friday as U.S. economic data fueled views that the Federal Reserve is nearing the end of...
Indian equities flat following Fed’s hawkish pause; FMCG stocks surge. After the Fed left rates steady, consumer and pharma companies climbed on Thursday. As...
Stocks stagnate as U.S. rates rise for longer. After the U.S. Federal Reserve decided not to raise interest rates for the first time in...
On Thursday, an Australian state banned PricewaterhouseCoopers‘ (PwC) local business from getting new tax-related contracts for three months. A former PwC tax partner who...
HSBC (HSBA.L) and Standard Chartered (STAN.L) are among lenders under pressure from Hong Kong’s banking regulator to accept crypto exchanges as clients, the Financial...
China’s e-commerce shipments will lose U.S. tariff protection under the proposed bill. One sponsor said a bipartisan group of U.S. congressmen would present a...
According to its website, Tesla Inc (TSLA.O) raised the US pricing of its Model Y electric car on Tuesday. The website showed that the...
Siemens (SIEGn.DE) announced it would develop a new industrial automation unit in Singapore to meet rising automation technology demand in Asia. “Siemens intends to...
On Tuesday, Ashtead Group (AHT.L) announced greater yearly revenue and profit due to robust U.S. businesses’ demand for construction and industrial equipment. Sunbelt Rentals,...
Toyota announces battery and EV innovations. Toyota Motor (7203.T) will use high-performance, solid-state batteries, and other technologies to increase electric car range, performance, and...
On Tuesday, HSBC (HSBA.L) announced it would close its wealth and personal banking division in New Zealand as it leaves less lucrative areas worldwide...
Two sources close to Volkswagen (VOWG_p.DE) said Monday that the supervisory board would meet on Tuesday to discuss a savings program ahead of its...
On Monday, Novo Nordisk (NOVOb.CO) said it would invest 15.9 billion Danish crowns ($2.29 billion) to develop a Danish production facility for serious chronic...
Novartis (NOVN.S) will buy Seattle company Chinook Therapeutics (KDNY.O) for up to $3.5 billion to add a rare severe kidney disease treatment to its...
The Saudi state news agency reported that Saudi Arabia’s Ministry of Investment struck a $5.6 billion deal with Chinese electric car producer Human Horizons...
CEO Frans Muller told Reuters that Ahold Delhaize has reached “roughly half” of its target to grow revenue from businesses beyond grocery stores to...
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors assessed the central bank’s appetite for rate hikes and worried...
CEO Andrei Kostin told Reuters that VTB, Russia’s second-largest bank, will sell its interest in Demetra-Holding, one of Russia’s top grain dealers. Demetra operates...
Consumer groups complained Britain’s largest supermarket, Tesco (TSCO.L), to the competition authorities for failing to disclose loyalty card pricing. On Friday, Tesco claimed that...
This week, a business conference in Riyadh will bring together Chinese entrepreneurs and investors to discuss expansion and financing opportunities amid warmer diplomatic relations....
Dollar falls after jobless claims rise; Fed in spotlight. After a jump in weekly unemployment claims raised hopes that U.S. interest rates were nearing...
BYD launched a new brand of electric vehicles (EVs) on Friday, including off-road and sports cars, to fulfill increasingly diverse consumer demand. “Formula” and...
Two sources said Tokio Marine Holdings (8766.T) had hired Goldman Sachs (GS.N) and Jefferies (JEF.N) to sell its $1 billion Southeast Asia life insurance...
Yandex (YNDX.O), a Russian internet company, announced Thursday that it would retain its Nasdaq Stock Exchange listing if it restructures and sells its Russian...
In the first quarter, M&G (MNG.L)’s wholesale asset management business received 1 billion pounds ($1.25 billion) of net inflows, offsetting institutional client redemptions. Despite...
BlackRock plans a $7 billion Global Renewable Power Fund. As clients increase climate-friendly investments, BlackRock (BLK.N), the largest asset management, seeks to raise $7...
Asian stocks fall as Fed rates worry traders. On Thursday, a surprise Bank of Canada interest rate hike raised concerns that U.S. rates could...
As renewable energy grows, Japan’s Itochu Corp (8001.T) announced Wednesday that it had formed a power storage company alongside Osaka Gas Co (9532.T) and...
Britain’s resource-heavy stock indexes fell on Wednesday as negative Chinese trade data drove miners lower and terrible domestic house prices data drove homebuilders lower....
Three sources told Reuters that Vodafone (VOD.L) and CK Hutchison (0001. HK) are close to announcing their British operations merger on Friday or early...
CFO Dmitry Pyanov said Russia’s No. 2 lender VTB (VTBR.MM) plans to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO),...
Chongqing Changan Automobile (000625. SZ) rejected local media reports that it arbitrarily lowered supplier payments by 10% in a statement to Reuters on Wednesday....
China’s exports and imports fell quicker than predicted in May, heightening concerns about the fragile economic recovery. Global demand, especially from developed economies, remained...
Zara owner Inditex (ITX.MC) reported a 54% increase in first-quarter profit on Wednesday as sales kept pace after a successful 2022 beating other stores...
China’s largest commercial property developer, Dalian Wanda Group, had 1.98 billion yuan ($278.18 million) in shares frozen by a Shanghai court. Dalian Wanda Commercial...
Ford Motor Co. (F.N) appointed Liz Door as its chief supply chain officer on Tuesday amid parts shortages and escalating prices. Starting June 12,...
World stocks stagnate as speculators await Fed pause. Soft U.S. economic statistics reinforced concerns the Federal Reserve may not raise interest rates next week,...
Westpac Banking Corp (WBC.AX), Australia’s largest lender, raised its home loan variable interest rates by 25 basis points (bps) on Tuesday to match the...
TSMC (2330. T.W.)’s chairman said Tuesday that the business is “good” about talks for a prospective first European factory in Germany and is considering...
On Tuesday, financial network Calastone reported that U.K. investors bought money market funds at the fastest rate since last year’s failed “mini-budget.” Calstone’s fund...
On Tuesday, Emirates President Tim Clark stated that the Dubai-based carrier may add Airbus A350, Boeing 777X, or 787 jets to fulfill 2030 demand....
Associated British Foods (ABF.L), which owns Primark and other sugar, food, and ingredients companies, will buy dairy technology startup National Milk Records for 48...
On Tuesday, British American Tobacco (BATS.L) reaffirmed its year sales and profit estimates. However, it said it would focus on the second half, counting...
Tony Tang, BlackRock Inc.’s (BLK.N) head of China business, leaves the asset manager after helping build its operations in the world’s second-largest economy. The...
Five sources told Reuters that Elon Musk’s brain implant business Neuralink, estimated at close to $2 billion in a private fundraising round two years...
On Monday, a European derivatives committee declared Casino (CASP.PA), France’s debt-laden retailer, has not had a bankruptcy credit event, dashing investor hopes for a...
On Monday, Kremlin spokesman Dmitry Peskov said OPEC+ is vital to energy market stability. OPEC+ pumps 40% of global crude and has decreased by...
Due to China’s post-pandemic recovery, German exports climbed sharply in April, but analysts warned that the impetus could be short-lived. The federal statistics office...
Volvo automobiles (VOLCARb.ST) sold 60,398 automobiles in May, up 31% year-over-year. The 31% increase follows a difficult 2022, when COVID-19 lockdowns in China, chip...
On Monday, the Nikkei share average reached its highest level in 33 years as Wall Street rallied and investors gambled on domestic equities expecting...
Barclays Private Bank (BARC.L) announced two senior hires in its Singapore office on Monday to capitalize on the wealth and growth of family offices...
On Monday, Novo Nordisk announced plans to acquire a majority share in French medical device maker Biocorp (ALCOR.PA). The Danish business said it was...
On Monday, a private-sector survey revealed that China’s services activity increased in May as new orders supported a consumption-led economic recovery in the second...
After strong U.S. jobs data, Asian traders priced in longer-term higher interest rates, strengthening the currency. After Chinese services activity rose, the Australian dollar...
Asian markets extend global gain; Saudi cuts boost oil prices. After mixed U.S. jobs data, Asian markets extended a global surge on Monday as...
Indian stocks rise on Fed rate hike halt prospects. Mixed U.S. jobs statistics raised concerns that the Federal Reserve may not raise interest rates...
UBS Group AG (UBSG.S) aims to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers in Asia, Bloomberg News reported on Sunday....
A top executive said Friday, despite a weak global economy, Walmart (WMT.N) intends to double its foreign gross merchandise volume to $200 billion in...
As part of India’s electric car supply chain, Tata Group signed an outline deal on Friday to establish a lithium-ion cell facility for 130...
French Renault consumers to file criminal case over faulty engines. A group of consumers wants to file a criminal lawsuit against Renault (RENA.PA) next...
Exclusive: Barclays CEO to stop US talent flight. According to sources, Barclays CEO C.S. Venkatakrishnan hosted a virtual town hall this week to address...
After visiting China this week, JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will visit Taiwan on Friday, a source said. Dimon’s visit to...
California, New York pensions reject Toyota chairman. Shareholder voting records showed that two top U.S. public pension systems voted against Akio Toyoda’s re-election, focusing...
On Thursday, Exxon Mobil (XOM.N) CEO Darren Woods said new technologies would double oil production from the company’s U.S. shale properties in five years....
Largest Australian pension fund suspends auditing by PwC. Australia’s largest pension fund will stop using PricewaterhouseCoopers (PwC)’s local business after the “big four” firm...
Shares rise on U.S. debt bill passage; Fed delays chatter. Global shares jumped Thursday as predictions for a U.S. rate hike. However, this month...
Two sources with knowledge of the subject said Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is closing down its investment unit amid...
Daiwa Securities Group Inc (8601.T) plans to hire more bankers and acquire boutique businesses to increase M&A consulting income by 50% in eight years...
JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon said the U.S. and China need “real engagement” to tackle their complex security and trade issues....
In an interview posted Wednesday, Chief Operating Officer Ralf Brandstaetter said Volkswagen (VOWG_p.DE) will not participate in a discount competition in China “at any...
Faraday Future Intelligent Electric (FFIE.O) unveiled its $309,000 limited edition FF 91 2.0 Futurist Alliance EV. The 300-unit model was available for US and...
Britons‘ bargain hunting boosts B&M’s profits. British discount retailer B&M (BMEB.L) anticipated stronger core earnings for the 2023-24 financial year on Wednesday as customers...
On Tuesday, Stellantis (STLAM.MI) CEO Carlos Tavares said the business needs one or two more major US battery factories to meet its manufacturing ambitions....
On Tuesday, a Swiss Social Democratic Party politician suggested shrinking UBS (UBSG.S) assets after its merger with Credit Suisse (CSGN.S) to avoid another costly...
U.S. debt ceiling pact will be tested in Congress. On Tuesday, Congress will vote on a bipartisan compromise to raise the $31.4 trillion U.S....
PwC Australia may lose government audit contract, Treasury boss says. An official told a senate inquiry that Australia’s Treasury department may not renew a...
Pitkethly is to retire in 2024 as Unilever CFO. On Tuesday, Unilever Plc (ULVR.L) announced that Chief Financial Officer Graeme Pitkethly would retire in...
On Tuesday, Qantas Airways (QAN.AX) predicted that its international divisions would be twice as profitable in the post-COVID era due to a tourism boom,...
On Tuesday, Yomiuri reported that Mitsubishi Motors Corp (7211.T) will extend its China manufacturing suspension beyond May. Mitsubishi Motors is considering starting production with...
On Monday, Reliance Industries Ltd. (RELI.NS)’s JioCinema streaming platform announced a deal with NBC Universal Media to bring more Hollywood content to Indian customers....
European taxis joining Uber, according to executive. An executive told Reuters that Uber (UBER.N) is attracting European taxi drivers, despite the company’s history of...
As post-COVID tourism in Southeast Asia rises, Singapore Airlines Ltd (SIAL.SI) and Garuda Indonesia (GIAA.JK) announced a joint venture (JV) to boost passenger capacity...