News

Wed, 09 Feb 2022 10:30:06 GMT

Tesla receives subpoena

At the start of this week, the US Securities and Exchanges Commission sent a subpoena to Tesla over a 2018 settlement.

Wed, 09 Feb 2022 08:30:07 GMT

BP hits record profit

BP revealed this week that the company's profits had hit an eight year high, as the company made $12.8 billion in profit in 2021.

Wed, 09 Feb 2022 06:30:06 GMT

Volvo invests in EVs

This week, Volvo Cars announced that the company would invest $1.1 billion in switching a Swedish plant to the production of electric vehicles.

Tue, 08 Feb 2022 14:54:49 GMT

Alibaba stock surges before earnings

At the start of Tuesday's US trading hours, the stock price of Alibaba jumped by more than 5.00%. The surge occurred before the company was set to announce its quarterly results.

Tue, 08 Feb 2022 14:30:07 GMT

Chevron proposes oil payments from Venezuela

This week, Reuters reported that Chevron had requested the permission of US government to take Venezuelan oil cargo as payment for unpaid debt.

Tue, 08 Feb 2022 12:30:06 GMT

EU regulators call for action on digital finance

European Union regulators revealed this week that immediate action would be needed to update consumer protection of cross-border financial services due to the recent impact on finance from big tech.

Tue, 08 Feb 2022 10:30:08 GMT

Kazaks comments on rate hikes

European Central Bank policymaker Martins Kazaks revealed to Reuters this week that an ECB rate hike is unlikely to occur in July.

Tue, 08 Feb 2022 08:30:08 GMT

PriceRunner sues Google

This week, PriceRunner sued Google for 2.1 billion Euros on allegations of search result manipulation.

Tue, 08 Feb 2022 06:30:06 GMT

Rouble recovers due to talks

Most recently, the Russian Rouble has recovered to a three week high level against the US Dollar. The surge was attributed to the French President Emmanuel Macron visiting Russia.

Mon, 07 Feb 2022 15:16:24 GMT

Tyson Foods stock price jumps

On Monday, Tyson Foods revealed its quarterly earnings to be at $2.87 per share, compared to the estimate of $1.93. The stock price reacted to the news with a 11.21% surge.

Mon, 07 Feb 2022 14:30:06 GMT

Dolce & Gabbana take business in-house

On Monday, Dolce & Gabbana announced that the company would take its perfume and cosmetics business in-house.

Mon, 07 Feb 2022 12:30:06 GMT

DP World sees raise in container volumes

DP World reported on Monday that the port giant had observed a 9.4% increase in container volumes in 2021.

Mon, 07 Feb 2022 10:30:06 GMT

US calls for action from China

On Monday, the US government called for concrete action from China to meet its Phase 1 purchase commitments.

Mon, 07 Feb 2022 08:40:55 GMT

US Dollar recovers

During Monday's Asian trading hours, the value of the US Dollar recovered from recent losses. The recovery was attributed to better than expected US employment data.

Fri, 04 Feb 2022 14:30:07 GMT

Ralph Lauren raises forecast

This week, Ralph Lauren announced that the company would raise its annual revenue forecast due to a higher than expected demand for luxury goods.

Fri, 04 Feb 2022 12:30:07 GMT

Hershey expects larger profits

Hershey Company announced this week that it expects its annual profits to be above previous forecasts due to price increases that were caused by high inflation.

Fri, 04 Feb 2022 10:30:07 GMT

EU tightens data rules

This week, Reuters revealed that the European Union would increase regulation of data transfers to non-European Union governments.

Fri, 04 Feb 2022 08:30:06 GMT

ECB announces end of QE

On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy.

Fri, 04 Feb 2022 06:30:07 GMT

Bank of England tightens policy

On February 3, the Bank of England published its Monetary Policy Summary. The bank hiked its interest rate by 0.25% to 0.50%. In addition, the central bank Monetary Policy Committee voted unanimously to start to reduce its stock of bonds. Namely, the bank is starting quantitative tightening.

Thu, 03 Feb 2022 14:30:06 GMT

American Airlines buys airplanes

American Airlines Group revealed this week that it would buy 23 737 MAX jets from Boeing.

Thu, 03 Feb 2022 13:13:47 GMT

Meta stock plummets

Meta Platforms or Facebook has published the company's earnings, which surprised by being lower than expected. On Thursday, the stock price of the company was set to start the day's trading with a gap down of more than 22.00%.

Thu, 03 Feb 2022 12:51:10 GMT

European Central Bank publishes policy

On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy in March.

Thu, 03 Feb 2022 12:30:07 GMT

US payrolls decrease

This week, US ADP Non-Farm Employment Change numbers were revealed to be lower than expected. A drop of 301,000 jobs was revealed, compared to a forecast of 207,000.

Thu, 03 Feb 2022 12:04:44 GMT

Bank of England reveals monetary policy

At 12:00 GMT on Thursday, the Bank of England released its Monetary Policy Summary, Official Bank Rate Votes information, volume of Asset Purchase Facility and the Official Bank Rate. The value of the GBP experienced an immediate spike down, before jumping 0.40%.

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