News

Note: This section contains information in English only.
Mon, 21 Apr 2025 12:30:04 GMT

Trump set to go to Italy

Trump agreed to visit Rome and may meet EU leaders, Italy's PM Meloni said. Her U.S. trip aims to ease tariff tensions after a 90-day pause on most duties.

Mon, 21 Apr 2025 09:30:04 GMT

Gold heading to Switzerland

Traders are sending gold back to Switzerland from the U.S. as tariff fears ease. Swiss gold imports from the U.S. rose, while exports to the U.S. dropped 32% in March.

Mon, 21 Apr 2025 06:30:03 GMT

Faulty odometers may bring Tesla a new lawsuit

Tesla faces a class action claim it speeds up odometers to end warranties early, saving on repair costs. A plaintiff says readings are based on algorithms, not miles.

Mon, 21 Apr 2025 03:30:05 GMT

U.S. judge claims Google has an ad monopoly

A U.S. judge ruled Google illegally dominates online ad tech, backing antitrust claims and allowing prosecutors to seek a breakup of its ad products.

Fri, 18 Apr 2025 18:30:03 GMT

Central Banks looking for a tech contractor

Five central banks in Project Nexus have started seeking a tech operator to run a cross-border real-time payments network under a BIS-led initiative.

Fri, 18 Apr 2025 15:30:04 GMT

Trump wants Powell out

Trump slammed Fed Chair Powell for not cutting rates, accused him of "playing politics," and said he looks forward to removing him from the job "real fast."

Fri, 18 Apr 2025 12:30:04 GMT

Barclays creates new partnership

Barclays struck a deal with Brookfield to gradually offload its payments acceptance business through a new strategic partnership.

Fri, 18 Apr 2025 09:30:04 GMT

Japan's Finance minister denies claims of intervention

Japan doesn't weaken the yen to help exports, Finance Minister Kato said, denying U.S. President Trump's claim that Japan manipulates its currency.

Fri, 18 Apr 2025 06:30:03 GMT

ECB may cut rates several times this year

The ECB is set to cut interest rates for the 7th time this year on Thursday to support Europe's weak economy amid pressure from U.S. tariffs.

Fri, 18 Apr 2025 03:30:03 GMT

Trade war sees importance of U.S treasuries

As U.S.-China trade tensions rise, China's $1.1T in U.S. Treasuries sparks debate—Beijing sees leverage, but U.S. says it offers no real pressure.

Thu, 17 Apr 2025 21:30:09 GMT

Bridgestone to offer corporate bonds

Bridgestone cut its planned bond offering to ¥50B ($351M) and dropped the 7-year term, as underwriters test demand.

Thu, 17 Apr 2025 18:30:06 GMT

ECB cuts rates

ECB cuts main rate to 2.25%, citing slowing growth and Trump's EU tariffs. Trade tensions hurt confidence, tightening financial conditions.

Thu, 17 Apr 2025 15:30:04 GMT

China limits carmaker ads

China bans carmakers from using terms like "smart driving" or "autonomous driving" in ads, tightening rules on marketing driver-assist tech, per MIIT mandate.

Thu, 17 Apr 2025 12:30:04 GMT

Barclays sell payment unit

Barclays sold part of its UK payments unit to Brookfield, investing £400M. Brookfield may take 70% ownership between years 3 and 7 of the partnership.

Thu, 17 Apr 2025 09:30:04 GMT

ABB to have a spin-off

ABB plans to spin off its robotics unit, the world's No. 2 industrial robot maker, in its biggest move since selling its power grids unit to Hitachi in 2018.

Thu, 17 Apr 2025 06:30:06 GMT

Ford makes money in China

Ford earned $900M in EBIT from its China business last year, Vice Chair John Lawler said, offering a rare look as the company restructures to stay competitive.

Thu, 17 Apr 2025 03:30:03 GMT

WTO forecasts lower growth

WTO now expects global goods trade to shrink 0.2% in 2025, reversing its 3% growth forecast, citing U.S. tariffs and spillover risks as key reasons for the drop.

Wed, 16 Apr 2025 21:30:04 GMT

Bank of America beats estimates

Bank of America beat Q1 profit estimates as interest income rose and stock trading hit a record high, boosted by market volatility. Shares jumped over 4%.

Wed, 16 Apr 2025 18:30:08 GMT

Nvidia suffers from trade war

Nvidia will take a $5.5B hit after U.S. curbs exports of its H20 AI chip to China, a key market. The chip was designed to skirt earlier U.S. export limits.

Wed, 16 Apr 2025 15:30:04 GMT

Lower inflation in UK

UK inflation eased to 2.6% in March, down from 2.8% in February, as fuel prices fell and food costs stayed flat, despite a rise in clothing prices.

Wed, 16 Apr 2025 12:30:05 GMT

Airbus to finalize Spirit deal by mid-summer

Airbus aims to finalize a deal to buy part of Spirit AeroSystems' assets by end of April and close it by June 30, after a year of talks with Boeing over the carve-up.

Wed, 16 Apr 2025 09:30:06 GMT

Johnson & Johnson beats estimates

Johnson & Johnson beat Q1 estimates, boosted by strong cancer drug sales, and issued its first forecast factoring in tariffs from President Trump.

Wed, 16 Apr 2025 06:30:06 GMT

Bank of America to pay more in Federal Deposit Insurance Corporation

Bank of America must pay $540.3M after a judge ruled it underpaid FDIC insurance fees from Q2 2013 to end of 2014. The sum includes interest.

Wed, 16 Apr 2025 03:30:04 GMT

Wells Fargo grows its IT team

Wells Fargo grew its tech banking team by 20% amid rising U.S. tech growth, AI investments, and IT spending, with more hires planned for 2025.

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