News

Wed, 29 May 2024 09:30:04 GMT

Amazon invests in Italy

Reuters has reported that Amazon has been in talks with the Italian government about investing billion in expansion of cloud infrastructure.

Wed, 29 May 2024 06:30:05 GMT

Japanese inflation declines

In April, the inflation measure that is used by the Bank of Japan has declined and reached below the 2.0% measure for the first time since August 2022.

Wed, 29 May 2024 03:30:04 GMT

Japanese net external assets reach record

In 2023, Japan has remained world's top creditor, as its net external assets have reached a new record high level.

Tue, 28 May 2024 21:30:04 GMT

Alibaba recruits Beckham

The online retailer AliExpress has recruited the famous UK football captain David Beckham for a promotional campaign.

Tue, 28 May 2024 18:30:04 GMT

Starbucks loses market share in China

Reuters has reported that Starbucks has been forced to reduce prices in China due to stiff local competition that has been taking the giant's market share.

Tue, 28 May 2024 15:30:04 GMT

Bill Gross comments on bonds and Trump

Bill Gross, the famous bond investor, has been interviewed by Financial Times. Gross has stated that a return of Donald Trump to the US Presidency would reduce the value of bonds.

Tue, 28 May 2024 14:05:22 GMT

US CB Consumer Confidence reveals positive outlook

The Conference Board has published the CB Consumer Confidence reading. The data surprised the markets with a positive reading of 102.00 instead of the expected bad reading of 96.00. US Dollar index reacted to the news by extending an ongoing recovery against peer currencies.

Tue, 28 May 2024 12:30:03 GMT

Saudi Aramco plans stock sale

Reuters has reported that Saudi Aramco intends to sell the firm's shares as soon as June.

Tue, 28 May 2024 09:30:04 GMT

German business sentiment stagnates

In May, as shown by business surveys, German business morale remained unchanged, compared to April.

Tue, 28 May 2024 06:30:03 GMT

Japan pushes against Yen bears

At the G7 meeting, the Japanese representatives have confirmed a push against the excessive decline of the value of the Japanese Yen.

Tue, 28 May 2024 03:30:04 GMT

Firm advocates against Musk's pay

A proxy advisor Glass Lewis has advised Tesla shareholders to reject Elon Musk's $56 billion pay package. If approved, the pay would be the largest in US history.

Mon, 27 May 2024 21:30:03 GMT

Ueda comments on BoJ policy

The Bank of Japan is set to be more cautious with its inflation targeting efforts, as the Governor Kazuo Ueda has stated that the bank faces challenges reversing years of ultra-easy policy.

Mon, 27 May 2024 18:30:03 GMT

Chinese Premier comments on Samsung

The Premier of China Li Qiang has revealed that he has encouraged Samsung to invest more money in China.

Mon, 27 May 2024 15:30:04 GMT

Musk's xAI receives new valuation

After another round of funding that raised $6 billion, the Elon Musk's AI project xAI has reached a total valuation of $24 billion.

Mon, 27 May 2024 12:30:03 GMT

China boosts chip industry

The Chinese government has set up a third fund that is aimed to subsidize the semiconductor industry. New fund has financing for a total of $47.5 billion.

Mon, 27 May 2024 09:47:07 GMT

Oil markets wait for OPEC

At the start of the week, crude oil price benchmarks remained at prior prices, as market focus moved to the upcoming OPEC+ meeting that is scheduled for June 2.

Mon, 27 May 2024 09:45:37 GMT

Asian stocks surge

During Monday's trading session, Asian stock indices surged. The surge was attributed to an announced chip stimulus package by the Chinese government and a meeting between heads of states in South Korea.

Fri, 24 May 2024 16:30:04 GMT

Tesla reduces production

Recently published data has revealed that Tesla has been optimizing its production by reducing Model Y production amounts in Shanghai.

Fri, 24 May 2024 13:11:00 GMT

Markets expect increase in Japanese factory output

Market analysts surveyed by Reuters have revealed that Japanese factory output has most likely increased, which is set to increase inflation pressure in the country.

Fri, 24 May 2024 10:30:13 GMT

NVidia expects AI videos to drive demand

The CEO of NVidia has commented that the firm expects AI created videos to drive demand for the company's chips.

Thu, 23 May 2024 16:30:03 GMT

South Korea subsidizes chip industry

The South Korean government has announced a $19 billion subsidy package for the semiconductor industry.

Thu, 23 May 2024 13:15:04 GMT

NVidia stock jumps at market open

The stock price of NVidia has started the day above the 1,000.00 mark, as the company has reported stunning quarterly financial results and announced an upcoming one to ten stock split.

Tue, 21 May 2024 20:30:04 GMT

Japanese firms raise salaries

Business lobbyists have reported that top firms have agreed to increase salaries by an average of 5.58%.

Tue, 21 May 2024 17:30:04 GMT

Indonesian minister comments on Tesla

The Coordinating Minister of Investment of Indonesia has announced that Elon Musk is considering the creation of an EV battery factory in the country.

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