News

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Wed, 11 Dec 2024 03:30:03 GMT

Bankruptcies in Japan are rising

Japan's bankruptcies are set to exceed 10,000 this year. In November, 841 companies went bankrupt, bringing the total for the year so far over 9,000.

Tue, 10 Dec 2024 21:30:03 GMT

Japans Q3 GDP higher than expected

Japan's economy grew more than expected in July-September, boosted by stronger investment and exports, raising hopes for a rate hike soon.

Tue, 10 Dec 2024 18:30:03 GMT

Dodge to team up with China's battery manufacturer in Europe

Automaker Stellantis and Chinese battery giant CATL announced plans to jointly build a 4.1 billion euro lithium iron phosphate battery plant in Spain.

Tue, 10 Dec 2024 16:30:04 GMT

Coffee prices keep climbing

Coffee prices on international markets have reached a record high, with Arabica beans surpassing $3.44 per pound, an 80% increase this year.

Tue, 10 Dec 2024 15:30:04 GMT

MicroStrategy owns over 2% of the total Bitcoin supply

According to its latest filing with the US Securities and Exchange Commission, MicroStrategy holds 423,650 Bitcoin, worth $25.6 billion, with an average acquisition cost of $60,324 per coin.

Tue, 10 Dec 2024 12:30:11 GMT

China's imports decreased in November

China's imports fell by 3.9% in November, the biggest drop since September 2023, missing expectations of a 0.3% increase.

Tue, 10 Dec 2024 09:30:03 GMT

Xiaomi's new EV is set to compete with Tesla in China

Xiaomi revealed its latest electric vehicle, the YU7, a crossover SUV, which will compete in the same segment as the Tesla Model Y.

Tue, 10 Dec 2024 03:30:03 GMT

UK business confidence is weakening

According to BDO, British businesses slowed down and reduced hiring last month, with business confidence dropping to its lowest level since January 2023.

Mon, 09 Dec 2024 21:30:03 GMT

Auto sales in India rise

Indian auto sales November, were up 15% increase in two-wheeler sales driven by festive demand, while passenger and commercial vehicle sales declined, resulting in an 11.21% overall market growth.

Mon, 09 Dec 2024 18:30:03 GMT

UBS CEO comments on Market risks

The CEO of UBS cautions that tariffs and political issues could affect the markets in the future.

Mon, 09 Dec 2024 15:30:03 GMT

China ensists on fiscal stimulus

China's leaders promised to take stronger fiscal actions and loosen monetary policy next year to boost domestic spending, according to an official summary.

Mon, 09 Dec 2024 13:45:03 GMT

China probes Nvidia for monopoly

China announced on Monday that it has launched an investigation into Nvidia Corp over suspected violations of its anti-monopoly law.

Mon, 09 Dec 2024 12:30:04 GMT

El Salvador's president report profits on X

El Salvador's unrealized Bitcoin gains exceeded $300 million as BTC surpassed the $100,000 milestone price, according to the president.

Mon, 09 Dec 2024 09:30:03 GMT

Oil prices rise due to Middle East tensions

Oil prices rose on Monday due to increased uncertainty in the Middle East following the fall of Syrian President Bashar al-Assad's regime, though gains were limited by a weak demand outlook for the upcoming year.

Fri, 06 Dec 2024 21:30:03 GMT

Lululemon Athletica deliver on the quarter

Lululemon's third-quarter results beat expectations, boosting shares by over 8%, but North American sales declined amid growing competition heading into the holiday season.

Fri, 06 Dec 2024 18:30:03 GMT

Judge rejects Boeing's plea deal

A U.S. judge rejected Boeing's plea deal over fraud related to two fatal 737 MAX crashes, and the DOJ is considering whether to appeal or renegotiate the deal.

Fri, 06 Dec 2024 15:30:03 GMT

Banks CEO takes a pay cut

Nomura's CEO, has agreed to a 30% pay cut for three months after a former employee was charged with robbery, attempted murder, and arson against clients in July.

Fri, 06 Dec 2024 12:30:04 GMT

Airbus set to cut jobs

Airbus plans to cut 477 jobs in the UK as it scales back its space operations, with 5% of its global workforce set to be eliminated by mid-2026.

Fri, 06 Dec 2024 09:30:03 GMT

Investment banks are waiting for Donald Trump's return.

President-elect Donald Trump's return to the White House is expected to boost global investment banking income by 5.7% to $316 billion in 2025.

Fri, 06 Dec 2024 06:30:04 GMT

UK regulators approve Merge and Acquisition of two mobile service companies

UK regulators have approved the $19 billion merger of Vodafone and Three mobile.

Thu, 05 Dec 2024 21:30:03 GMT

OPEC+ pause on production increase

OPEC+ has postponed plans to unwind both formal and voluntary crude production cuts into 2026 due to weak global demand, according to delegate sources and internal documents.

Thu, 05 Dec 2024 18:30:03 GMT

Mt. Gox Bitcoin is on the move

After Bitcoin reached $100,000, the crypto exchange Mt. Gox, which went bankrupt, moved over 24,000 Bitcoins from their address to a cold wallet.

Thu, 05 Dec 2024 15:30:04 GMT

Donald Trump chooses new SEC Commissioner

Donald Trump said he has chosen former Securities and Exchange Commissioner Paul Atkins, a strong supporter of cryptocurrencies, to lead the agency.

Thu, 05 Dec 2024 12:30:04 GMT

GM struggles in China

General Motors has announced it will take a $5 billion restructuring charge in the fourth quarter due to the weak performance of its business operations in China.

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