China approves budget deficit

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Source: Dukascopy Bank SA
The Chinese government has approved a 2024 budget with a 3% deficit of GDP, which is set to be lower than the 3.8% of 2023. Reuters has reported that the government intends to issue special bonds to finance the fiscal budget.
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Mon, 18 Dec 2023 13:58:17 GMT

Nippon Steel buys US Steel

The Japanese giant Nippon Steel has just announced that it would buy the United States Steel Corporation for a total of $14.9 billion. The US Steel shares reacted to the news with a jump of 28.00% that resulted in a price above $50.35 in the pre-market trading.

Mon, 18 Dec 2023 10:30:04 GMT

GM fires employees

General Motors has announced another lay off of employees. This time the company intends to let go 1,300 workers in Michigan.

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