The prices for iron ore have reached a ten-month high, as Chinese stimulus efforts have increased demand in the country's struggling real estate market. The real estate market is the main consumer of iron.
Bloomberg has revealed that Tesla intends to launch a new version of the Model Y in 2024.
Reuters has reported that Wall Street analysts have reduced their earnings expectations for Chevron, as the oil company has been experiencing operational setbacks.
The government of Israel has granted Intel $3.2 billion for the creation of a new chip plant. The total costs of the plant amount to $25 billion.
During Wednesday's trading, European and Chinese stock indices surged, as gains were attributes to global interest rate cut expectations.
The South Korean electronics giant Samsung has announced that it would invest $280 million in a new facility in Japan that would research new chip packaging.
Due to a potential airbag issues, Toyota has announced the recall of 1.12 million cars that have been produced from 2022 up to 2022.
The Wall Street Journal has reported that the United States administration has been evaluating additional tariffs on Chinese produced electric vehicles. The spread of the news is bound to impact the price of Tesla stock.
The news of a safety scandal at Daihatsu and a major vehicle recall have caused a decline of the stock price of Toyota.
Due to high demand for cybersecurity services the Canadian firm BlackBerry has reported higher than expected quarterly earnings results.
Reuters has published a report indicating that most of global banks no longer expect a recession in the United States in 2024.
Pilots of Southwest Airlines have managed to negotiate a $12 billion five-year contract. However, details of the deal are kept confidential.
The recent decline of crude oil prices has been caused by the US Energy Information Administration revealing that the US has increased its inventories by 2.9 million barrels. These news offset prior concern over disruption caused by the Houthis in the Red Sea.
Reuters has revealed that the airplane producer Airbus is set to book a record year of jet orders in 2023, as companies have ordered almost 200 aircraft.
Due to Chinese retailers shifting toward low price goods and services, the deflation experienced by the country could become permanent.
General Motors, Volkswagen and Toyota and two air bag producers have announced that they were opposing US auto safety regulator call to recall 52 million air bag inflators. The regulators have argued that the airbag inflators could rupture and send shrapnel flying.
The People's Bank of China has kept the Yuan loan one-year rate at 3.45% and the five-year rate at 4.20%.
Stock indices of various country markets have managed to reach two-year high levels, as a lot lower than expected UK inflation caused a British stock surge that lead the rally, on Wednesday.
An independent panel has revealed that 64 models of Daihatsu have safety issues, which has prompted a scandal that has been followed by an investigation and the company halting the shipping of vehicles.
Bloomberg news has revealed that Tesla would skip this year's employee merit-based stock compensations.
After trading 74 years on the Tokyo stock exchange, the shares of Toshiba have been delisted. A decade of turmoil and scandals have resulted in a decline of the brand and a buyout.
The global shipping company has reported lower than expected quarterly profits and reduced its annual income expectations. As a result of the news, the company's stock price was set to start Wednesday's trading with a gap down of nearly 10.00%.
The Bank of America has researched that the top demanded bonds during 2023 have been European government bonds, which has reached a market value of $10 trillion. The Euro bonds are expected to return 6.5% to their holders.
On Wednesday, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies.