The Deputy Administrator of the Panama Canal Ilya Espino has revealed to Reuters that the channel is set to remain without any vessel restrictions until April.
Despite a drop in profits in 2023, compared to 2022, oil companies have increased dividend and share repurchase programs to $111 billion. The companies such as BP, Chevron, Exxon, Shell and Total Energies are aiming to attract back investors.
A recent New York Federal Reserve study has revealed that wealth inequality in the United States has continued to increase.
The Chinese Alibaba Group Holding has announced that despite missing quarterly earnings expectations the company would buy back its shares. The stock price reacted to the news with a 4.00% drop.
A court in Germany has ruled in favour of R2 Semiconductors against Intel in a dispute over chip voltage regulators. Intel is forbidden to use technology that has been patented by R2 Semiconductors.
One of the Governors of the Federal Reserve Adriana Kugler has stated that she expects inflation to decline. A proper decline in inflation would allow the central bank to cut interest rates.
The Australian government is set to implement new rules that would allow employees to ignore after-hour calls from their bosses. Moreover, potential fines for breaching of the rules are set to be implement.
Arm Holdings have announced that the company expects high income from its clients using Arm's intellectual property for the development of new AI chips. The stock price of the company surged by 25% on the news.
The multinational private equity, alternative asset management and financial services firm Carlyle Group has reported that its last quarterly earnings had declined by 7.00%, compared to the third quarter of 2023.
For the first time since August, Chinese new energy vehicle sales have declined on a month on month basis. The new energy vehicle data mainly consists of electric vehicle sales data.
The Chinese government has removed the current Chairman of the China Securities Regulatory Commission Yi Huiman. The official is set to be replaced by Wu Qing.
The German firm Bosch has announced that it would move further in the future its 7% margin target. Moreover, the company is set to fire more employees than previously expected.
The stock price of Snap has erased 30% of its value. The drop has occurred due to the company failing to come close to market expectations for quarterly financial results.
The alcohol brand owner Diageo has announced that the company would rework its strategy in an effort to boost performance.
The price of Ford shares has increased due to the company announcing a $0.18 cent increase of it's per share dividend. Moreover, Ford announced a decrease in investment in electric vehicles.
The stock price of the Indian digital payment firm Paytm has jumped 10% due to media reporting that the CEO of the company had met with the country's Finance Minister and central bank representatives to solve regulatory issues.
The US National Highway Traffic Safety Administration has revealed that Honda Motor Corporation would recall 750,000 vehicles in the SU due to possible unintentional air bag deployment issue.
The Handelsblatt has revealed that Volkswagen intends to invest nearly 180 billion Euros in the period up to 2024.
The United States automaker General Motors has announced a recall of 323,323 vehicles due to a tailgate issue.
The ride-hailing firm Lyft has announced that it would guarantee weekly earnings for its drivers. The company intends to attract more drivers.
The Alphabet owned internet firm Google has named worst surveillance software rule offending firms and has called the US to regulate the use and sale of spy tools.
The Indian steel pipe producer Welspun Corporation has reported a twelve-fold increase in its quarterly profits, as demand has skyrocketed.
The largest Abu Dhabi real estate firm Aldar is set to invest $1.4 billion in the building of hospitality and commercial property.
Reuters has reported that various Big Tech and US Media sector companies are set to continue to announce firing of more employees, as the prior 2023 cost cutting continues on.