Due to reporting lower than expected quarterly financial results, the stock price of LVMH has experienced a decline over the week.
The asset managements firm Blackstone intends to invest $8.2 billion in data centres in the Spanish region of Aragon.
Walgreens Boots Alliance has announced that it is set to shut down 1,200 stores over the period of the next three years.
The third quarter profits of Bank of America have passed market expectations, as investment banking fee income has increased by 18%, compared to the same period in 2023.
Analysts have revealed that Netflix subscriber growth must have slowed down, as the gains from a recent password sharing crackdown are expected to have subsided.
The results of a poll done by Reuters have revealed that economists expect the Chinese economy to grow by 4.8% during 2024, which is less than the officially set target.
Global electric vehicle sales in the world increased by 30.5% in September, compared to the same month a year prior. The most demand has been observed in China.
The CEO of BMW Oliver Zipse has stated that in effort to stop the European Union's reliance on Chinese battery supply chains, the EU has to cancel its planned 2035 ban on fossil fuel engines.
On the 17th of October the European Central Bank has decided to cut its Main Refinancing Rate, which is the base rate for all Euro debt. The rate has been reduced from 3.65% to 3.40%, as expected by market analysts.
The telecommunication firm Ericsson has revealed that it has observed an increase of demand for telecom equipment. Due to the higher demand, the firm has earned more in the third quarter of 2024.
The Caixin Global report has revealed that in order to boost the local economy, the Chinese government could add nearly $850 billion to sovereign debt.
This month, investor optimism has experienced the highest jump since June 2020, when the Federal Reserve implemented monetary easing.
In the aftermath of the recent decision to keep policy unchanged, markets have started to expect that the Singapore monetary policymakers will cut interest rates in January.
Chinese exports have continued to decline for a fifth month in a row, as a sharp decline has been reported for September, as manufacturers have reduced prices to export more inventory.
The CEO of Rentual Luca de Meo has revealed that the firm has benefited from the bet on low-cost hybrid vehicles instead of high-end electric vehicles, as the firm's hybrid sales have increased by 55% during the first half of 2024.
The US National Highway Traffic Safety Administration is investigating nearly 39,000 Ford Flex cars for a probable rearview camera failure.
Chinese real estate analysts have commented that the recently announced government stimulus measures are giving hope to the struggling local real estate sector.
The Taiwanese Semiconductor Manufacturing company is expected to announce a 40% profit surge on Thursday, as market analysts attribute most market demand to be met by the firm.
The German labour union IG Metall has accused Tesla management for aggressive actions against worker unionisation, as the firm has fired one of the union's representatives.
The President of the Minneapolis Federal Reserve Neel Kashkari has revealed that he expects the Federal Reserve to do more modest rate cuts in the future, as the 2.00% inflation target has almost been reached.
The Brazilian state run oil company Petrobras has partnered up with mining firm Vale in a new carbon emission reduction program.
US stock indices have reached new all-time high levels, as the S&P 500 and Dow Jones index have both booked new record levels.
The Alphabet daughter company Google is set out to buy more power for AI needs from a nuclear reactor company, named Kairos.
The Governor of the US Federal Reserve Christopher Waller has recently stated that the recent higher US inflation and labour data has made the Federal Reserve more cautious in their policy approach.