News

Wed, 20 Oct 2021 12:35:07 GMT

USD/CAD jumps on Canadian CPI

At 12:30 GMT, a 15 base point jump of the USD/CAD occurred, as the Canadian Consumer Price Index was revealed to be at 0.2% instead of the forecast 0.1%.

Wed, 20 Oct 2021 12:30:15 GMT

J&J publishes forecasts

On Tuesday, Johnson & Johnson announced that the company would raise its 2021 projected earnings forecast.

Wed, 20 Oct 2021 10:30:12 GMT

Apple reveals new products

This week, Apple revealed that it would offer clients two new MacBook Pro laptops, which would be priced from $1,999.00 to $6,099.00.

Wed, 20 Oct 2021 08:51:47 GMT

Bitcoin aims at all-time high

On Wednesday, the price for Bitcoin fluctuated near its all-time-time high level of 64,895.00, as the markets watched for possible breaking above the 65,000.00 mark.

Wed, 20 Oct 2021 08:30:12 GMT

Facebook builds metaverse

Facebook announced this week that the company would hire 10,000 employees in the EU to build a virtual world called the metaverse.

Wed, 20 Oct 2021 06:30:09 GMT

Volvo Cars reveals IPO price

Geely owned Volvo Cars announced that the company would do an IPO with the share price from 53 to 68 SEK. The IPO would value the company at $23 billion.

Tue, 19 Oct 2021 14:30:11 GMT

US production declines

In September, US manufacturing production declined by 0.7%, which is the largest decline in a period of seven months.

Tue, 19 Oct 2021 12:30:09 GMT

China's economy misses forecast

Data published on Monday revealed that the Chinese GDP grew in the third quarter of 2021 by 4.9% instead of the forecast 5.2%.

Tue, 19 Oct 2021 10:30:10 GMT

Amazon hires workers

Amazon announced on Monday that it would hire 150,000 new employees in the US to manage holiday season demand.

Tue, 19 Oct 2021 08:30:11 GMT

Barclays downgrades Walt Disney

On Monday, Barclays announced that it would downgrade Walt Disney stock rating, as Disney hinted of a slowdown in Disney+ growth.

Tue, 19 Oct 2021 06:04:47 GMT

Italy sells Monte dei Paschi

The Italian government has announced that it could sell 64% of its stake in Monte dei Paschi to UniCredit.

Mon, 18 Oct 2021 14:30:09 GMT

Skoda halts production

Skoda Auto, which is part of Volkswagen, announced on Monday that it would halt auto production for a period of two weeks.

Mon, 18 Oct 2021 12:30:23 GMT

European shares decline

During Monday's European trading hours, stock indices in Europe declined, as inflation worries were being blamed.

Mon, 18 Oct 2021 10:30:09 GMT

Exxon comments on worker lockout

On Sunday, Exxon Mobil announced to its Beamount refinery that the ongoing six-month lockout would end, if the workers would abandon their union.

Mon, 18 Oct 2021 08:30:09 GMT

Bitcoin hovers near high level

On Monday, the price for Bitcoin continued to hover near the six month high level of $62,500.00.

Mon, 18 Oct 2021 06:25:27 GMT

US Dollar holds firm

During Monday's Asian trading hours, the value of the US Dollar held firm, as higher interest rates were discussed.

Fri, 15 Oct 2021 11:00:08 GMT

Demand for new cars in Europe decreases

According to the European Automobile Manufacturers' Association report, the number new card registrations in Europe dropped more than 25% in previous month because of the insufficient supply, in turn, affected by chips shortage.

Fri, 15 Oct 2021 10:00:14 GMT

Chinese corn becomes cheaper

For the first time in 2021 the price on Chinese corn has become as low as wheat, thus giving local animal-feeding producers an opportunity to switch back to a more traditional cereal.

Fri, 15 Oct 2021 09:00:09 GMT

Turkey seals gas deal with Azerbaijan

The Energy Minister of Turkey Fatih Donmez stated on Friday that his country has finally sealed a deal with Azerbaijan for supply of 11 bcm of gas through the Baku-Tiflis-Erzurum pipeline in the next three years.

Fri, 15 Oct 2021 08:16:57 GMT

G7 establish digital cash principles

G7 officials on Wednesday set out 13 guiding principles for retail central bank digital currencies. The digital payment ecosystem should be based on transparency, the rule of law and sound economic governance

Fri, 15 Oct 2021 08:08:35 GMT

Toyota changes production plans

Toyota Motor Corp stated on Friday that it would decrease its global production plans for November by 15% because of the pandemic that affected the speed of manufacturing of auto chips.

Fri, 15 Oct 2021 08:03:19 GMT

Swedish inflation highest since 2008

Inflation in Sweden is at its highest level since October 2008, consumer prices rose 2.8% compared to last year. The central bank will keep the repo rate unchanged.

Thu, 14 Oct 2021 18:25:08 GMT

Swedish inflation highest since 2008

Inflation in Sweden hits highest since Oct. 2008

Thu, 14 Oct 2021 14:15:09 GMT

Energy crisis threatens global economy

The soaring price of natural gas may lead to a slowdown in the global economic recovery

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