News

Fri, 01 Jul 2022 14:30:06 GMT

BMW buys back stocks

In July, BMW intends to start a programme, which would buy back the company's stock up to a total of 2 billion EUR.

Fri, 01 Jul 2022 12:30:05 GMT

SEC rejects new Bitcoin ETF

This week, the US Securities and Exchange Commission rejected the creation of a new spot Bitcoin ETF by Grayscale.

Fri, 01 Jul 2022 10:30:06 GMT

Euro Zone unemployment declines

In May, unemployment in the Euro Zone reached a record low level of 6.60%, despite economists expecting a reading of 6.80%.

Fri, 01 Jul 2022 08:30:06 GMT

Stocks book record half-year

During the first six months of 2022, the MSCI World Equity Index booked its worst first half-of-a-year performance since the creation of the index.

Fri, 01 Jul 2022 06:30:07 GMT

Riksbank hikes interest rates

On Thursday, the Swedish Riksbank hiked its base interest rate by 50 base points, which caused a surge of the value of the Swedish Krona.

Thu, 30 Jun 2022 14:30:07 GMT

US monitors weekend travel

The United States Transportation Secretary Pete Buttigieg announced this week that he would monitor airline travel during the upcoming three day weekend.

Thu, 30 Jun 2022 12:30:06 GMT

Central banks prioritize inflation

This week, at the ECB Forum the heads of the ECB, Federal Reserve and Bank of England stated that battling inflation is their highest priority, not economic growth.

Thu, 30 Jun 2022 10:30:06 GMT

US economy contracts

The final data for the first quarter of 2022 has revealed that the US economy has decreased by in size by 1.6%.

Thu, 30 Jun 2022 08:30:05 GMT

FedEx expects notable growth

This week, FedEx revealed that the company expects its profit margin to increase to 12% by 2025.

Thu, 30 Jun 2022 06:30:07 GMT

Demand for equity remains strong

On Wednesday, the Bank of America revealed that despite the ongoing stock decline during the first six months of 2022 the markets have experienced a $193 billion net inflow.

Wed, 29 Jun 2022 14:30:06 GMT

Mercedes opens new plants

This week, Mercedes announced that the company would open new production plants for the production of electric vehicles.

Wed, 29 Jun 2022 12:58:52 GMT

World Bank comments on recession

The head of the World Bank announced on Wednesday that it doubts that the global economy could avoid a recession.

Wed, 29 Jun 2022 08:30:08 GMT

Buffet buys stocks

It was revealed on Tuesday that Warren Buffet's Berkshire had acquired additional shares of Occidental and increased its stake in the company to more than 16.00%.

Wed, 29 Jun 2022 06:30:07 GMT

Nissan suspends production in Russia

Nissan has announced that the company would pause its production in Russia for a period of six months.

Tue, 28 Jun 2022 12:30:06 GMT

Markets look at ECB forum

This week, the European Central Bank is hosting its annual central bank forum in Sintra, Portugal. Market participants look forward to clues on future monetary policy.

Tue, 28 Jun 2022 10:30:06 GMT

Credit Suisse found guilty at court

The Swiss Federal Crime Court has convicted Credit Suisse for failing to prevent money-laundering, as a former employee did not prevent a cocaine trafficking gang of laundering its profits.

Tue, 28 Jun 2022 08:30:08 GMT

Airlines cancel flights

Due to a lack of employees, United States Airlines have cancelled nearly 700 flights. The companies are expected to miss the ongoing surge in demand, as it would not be possible to offer flights.

Tue, 28 Jun 2022 06:30:26 GMT

US home sales recover

In May, home sales in the United States increased by 0.7%, after previously declining for six consecutive months.

Mon, 27 Jun 2022 14:30:06 GMT

Tencent stock falls due to a large seller

On Monday, the stock price of Tencent plummeted due to major selling being done by Dutch investors from Prosus NV.

Mon, 27 Jun 2022 12:30:06 GMT

Japan is against zero-emission vehicles

Reuters has revealed that Japan wants to remove the zero-emission vehicle target from the G7 country statement.

Mon, 27 Jun 2022 10:09:48 GMT

Stocks extend rally

During the start of this week's trading, stock prices around the world surged, as the previous recovery continued.

Fri, 24 Jun 2022 15:30:07 GMT

Allegiant comments on demand

US airline Allegiant has revealed that the company expects strong demand for flights to last beyond summer.

Fri, 24 Jun 2022 12:30:07 GMT

Britons buy less goods

Tesco recently revealed that the UK consumers have been recently buying less goods, as inflation had impacted prices.

Fri, 24 Jun 2022 09:30:08 GMT

Goldman comments on Turkish inflation

Goldman Sachs has revealed that by the end of 2023 annual inflation in Turkey would reach up to 80%, prior to descending to 60%.

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