MasterCard has bought the threat analysis firm Recorded Future from Insight Partners for a total of $2.65 billion.
The European Union has rejected an offer made by Chinese EV exporters. The offer included a minimum price system that was aimed at avoiding tariffs. Namely, the firms offered to increase prices without paying tariffs to the EU government.
A stand-off between the airline Air Canada and the firm's pilots has escalated, as the airline has asked the government to step in and stop an ongoing pilot strike.
The major asset manager Lazard has reported that the firm has experienced outflows of $7.5 billion during August, as clients reportedly have switched to passive investing strategies.
At 11:00 GMT, Bank of England in its Monetary Policy Committee has decided to keep interest rates unchanged. As forecasted, official Bank rate of GBP has not changed 5.00%.
The International Monetary Fund has expressed support to the imminent start of a United States Federal Reserve monetary easing cycle. The IMF bases the support on a slowing down global economy.
The clothing chain Zara has announced that it intends to start offering second-hand clothes services to US customers starting from October. The services, among which are repairs and donation options, are aimed at reducing waste.
The United States Federal Reserve has cut interest rates more than the markets expected. The Fed has cut 0.50% instead of 0.25%. The larger than expected USD rate cut initially caused a USD decline, as the demand for USD to pay off loans is set to decrease. However, by the start of Thursday's European trading hours, the Dollar index was
During the recent turmoil around the US Presidential Election, cryptocurrency stocks have revealed that they react to the polls. In general, the stocks favour a Trump victory instead of Harris win.
The owner of Zara shops, Inditex has revealed that the firm expects sales to increase in early autumn after a slowdown in summer.
Due to a decline in demand for beer, US barley farmers have turned to wheat and feed grade barley. The farming sector is expected to suffer a decline in income, as the new crops are priced lower than the previously grown.
Reuters has reported that Samsung Electronics intends to start a cost-cutting program that would include the firing of up to 30% of its workforce.
The football club Manchester United has reported a fifth year of financial losses, as net losses have increased to 113 million GBP.
The Chief Executive Officer of the Bank of America Brian Moynihan has recently commented that Warren Buffett has been a great investor of the bank, but the CEO has not asked Buffet why he has made recent sales of the firm's stock.
The United Kingdom's Office for National Statistics has published the country's monthly Consumer Price Index data. Annual inflation in the UK remains at 2.2%, which indicates that the Bank of England has to keep monetary policy tight. This fact caused an appreciation of the GBP.
The government of the Netherlands has clarified that ASML has to acquire a licence to provide spare parts for equipment that has been sold to China.
The Italian UniCredit has revealed that it has purchased a 9% stake of Commerzbank from the German government. The news signal that the two banking groups could merge into one entity.
Bank of Japan policymaker Junko Nakagawa has recently commented that the central bank would continue to hike rates if inflation is as forecast.
The Chinese-Swedish electric vehicle maker Lynk & Co is not going to raise prices in Europe due to EU tariffs on EV's, as stated by the European CEO of the company Nicolas Appelgren.
The publication of the monthly US Retail Sales data has caused a market move. In general, Retail Sales have slightly increased not declined, which indicates that the US Fed can keep policy tighter for longer. The data release has caused a slight surge of the value of the US Dollar.
Thailand based electric vehicle makers have asked the government to renegotiate incentives, as the firms are experiencing a sales decline.
Data for August has revealed that the number of insolvencies in Germany has continued to increase, as the number has increased by 10.7%, compared to August 2023.
The US Census Bureau has finished compiling 2023 data. Main takeaways are that income has risen by 4.00%, but the increase of income has not caused a decline of poverty.
The firm known as Campbell Soup has changed its name to The Campbell's Company, as the firm shifts to other packaged foods.