News

Note: This section contains information in English only.
Wed, 04 Dec 2024 06:30:03 GMT

The French PM approves the 2025 budget on his own

French Prime Minister Michel Barnier has used Article 49.3 to pass the 2025 budget without needing approval from Parliament.

Wed, 04 Dec 2024 03:30:03 GMT

Microsoft sued for unfair prices

Microsoft is being sued for £1 billion in the UK, accused of unfairly inflating charges for customers of competing cloud companies, with the lawsuit seeking damages over £1 billion.

Tue, 03 Dec 2024 21:30:03 GMT

OPEC+ is likely to extend limit on oil output

OPEC+ is likely to extend oil output cuts until the end of the first quarter to support prices amid weak demand and rising production outside the group.

Tue, 03 Dec 2024 18:30:03 GMT

Fed Governor supports another rate cut

Federal Reserve Governor Christopher Waller said he's likely to support another interest rate cut later this month, but his vote will depend on the data.

Tue, 03 Dec 2024 15:30:03 GMT

Trump nominates investment banker as US ambassador to UK

President-elect Donald Trump has nominated billionaire investment banker Warren Stephens as the U.S. ambassador to the United Kingdom.

Tue, 03 Dec 2024 15:21:32 GMT

JOLTS number higher than expected

On December 3, 2024 Bureau of Labor Statistics released number of job openings. Forecasted number was 7.51 million, actual number is 7.74 million.

Tue, 03 Dec 2024 12:30:04 GMT

Judge denies compensation for Elon Musk again

A Delaware judge ruled on Monday that Tesla CEO Elon Musk is not eligible for a $56 billion compensation package, even though shareholders voted in June to approve it.

Tue, 03 Dec 2024 09:30:02 GMT

Intel CEO resigns

Intel announced on Monday that CEO Pat Gelsinger stepped down from the company's board of directors after leading aggressive efforts to turn around the troubled US chipmaker.

Tue, 03 Dec 2024 06:30:03 GMT

PMI numbers were reported higher than expected

On the second of December, the monthly U.S. PMI number was released. The forecasted PMI number was 47.7, while the reported number was 48.4.

Tue, 03 Dec 2024 03:30:06 GMT

ECB publishes report on Digital Euro

The European Central Bank has released its second report on the digital euro initiative, outlining the key steps towards the potential launch of the CBDC.

Mon, 02 Dec 2024 09:50:03 GMT

UK house prices rise

UK house prices saw their largest monthly increase in nearly three years, with the average price rising by 1.2% in November, marking the biggest gain since March 2022, according to data from the mortgage lender Nationwide.

Mon, 02 Dec 2024 09:15:04 GMT

Dogecoin surpasses Porsche

Dogecoin recently overtook luxury automaker Porsche in market capitalization, surging by over 175% in the past month to reach $57.8 billion, surpassing Porsche's $56.1 billion.

Mon, 02 Dec 2024 08:35:03 GMT

MUFG invests in robo-advisors

Mitsubishi UFJ Financial Group announced that it will buy robo-advisor WealthNavi for $664 million.

Mon, 02 Dec 2024 08:30:03 GMT

Trump threatens BRICS nations

Donald Trump is requesting a commitment from BRICS nations that they will fully commit to the US dollar, otherwise, BRICS countries will face significant tariff increases.

Mon, 02 Dec 2024 08:25:03 GMT

Strikes planned at Volkswagen

Nine Volkswagen manufacturing plants are planning employee strikes on Monday over a continuous dispute regarding future employment and salaries.

Wed, 27 Nov 2024 11:55:03 GMT

Demand for Gold continues

Gold ETFs globally have experienced capital inflow for six continuous months, driven by investments from North America and Asia.

Wed, 27 Nov 2024 11:50:02 GMT

Coffee prices rise

Since the 1st of November, coffee prices have risen by more than 26.5%. The combination of a possible weak future supply and drought is driving the price of coffee higher.

Wed, 27 Nov 2024 11:40:04 GMT

HSBC expands market in buy now, pay later segment

HSBC is partnering with energy company Ovo to offer customers the ability to pay for solar panels in instalments.

Wed, 27 Nov 2024 10:25:03 GMT

Consumer confidence in France falls

Unexpectedly, the consumer confidence index in France has fallen in the month of November from an estimated number of 93 to 90.

Wed, 27 Nov 2024 10:20:03 GMT

Bank of Japan collect dividends

The Bank of Japan has stated that it has collected around $8.3 billion in dividends from its ETF holdings.

Wed, 27 Nov 2024 09:25:04 GMT

UK regulator fines Bank and trader

The FCA has set a £13 million fine on Macquarie Bank for control failures in trading. Trader Travis Klein has received a ban from the finance industry.

Wed, 27 Nov 2024 09:20:05 GMT

President-elect Donald Trump proposes new tariffs

President-elect Donald Trump proposes new tariffs on Mexico, Canada, and China to fight illegal immigration and the drug crisis in the U.S..

Wed, 27 Nov 2024 09:15:04 GMT

Money Market Funds reach over 6.5 trillion dollars in total assets

According to the St. Louis Federal Reserve, total assets in money market funds have reached over 6.5 trillion dollars.

Wed, 27 Nov 2024 09:10:04 GMT

Industrial profits fall in China

According to the National Bureau of Statistics, China's industrial profits dropped by 10% in October compared to the previous year.

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