Recent increases in US Treasury yields have turned bonds into a more attractive investment, which has been blamed for a decline of demand for stocks.
In the aftermath of 7.2 magnitude earthquake, Taiwan Semiconductor Manufacturing Company has paused work at its constructions sites in Taiwan. The firm is set to evaluate the impact of the disaster, before resuming operation.
The Caixin PMI release has revealed to the world that the Chinese services sector activity had increased its pace of growth during the month of March. Growth has been caused mainly by new businesses.
The Chinese tech company Xiaomi has started to deliver its first SU7 electric vehicles. The firm has received orders for more than 100,000 cars.
Data for the Greater Toronto area has revealed that home sales have declined in March for a second month in a row. However, prices have risen, despite the decline in sales.
In March, inflation in the Euro Zone has unexpectedly declined to 2.4%. The news are strengthening the case for a European Central Bank rate cut.
For the first time since 2018, the Chinese government has announced that it would ease its car loan regulations. The government intends to boost demand for new vehicles.
Due to a rise in tourism, Hong Kong has reported a 1.9% increase in retail sales, in February. Meanwhile, tourism increased by 667.1% on an annual basis.
The President of the Minneapolis Federal Reserve Bank Neel Kashkari has just shook the financial markets. Neel Kashkari has stated that the Federal Reserve could keep interest rates on hold for the whole year, if inflation does not meet the central bank's expectations.
The airline of Richard Branson Virgin Atlantic has announced that it would return to profitability in 2024, as demand has reached a record high.
For the first time in four years, the Japanese economic output has reached full capacity. The recovery signals that the Bank of Japan has room to hike interest rates to battle inflation.
The US Federal Deposit Insurance Corp has started to consider proposing new regulation that would stop State Street, Vanguard and BlackRock from impacting the management of US banks. The major global asset managers have been known for setting rules and demands on firms, which seek capital investment.
This week, General Electric has finished a split into three separate companies. The event marks the end of the 132 year old conglomerate. The aerospace and energy divisions of GE have started to trade separately on the NY Stock Exchange.
General Motors have revealed that their vehicles sales have declined in the US in the first quarter of 2024. However, the US manufacturer has still sold more than Toyota.
In an effort to find more funds for lending, the World Bank has set out to issue new hybrid notes for a total amount of up to $1 billion.
In March, the sales of Tesla vehicles made in China had increased by 0.2% on a year on year basis. However, the growth does not offset the major miss of total global deliveries that was revealed this week.
The Iranian Labour News Agency has reported that in the 12 months up to April of 2024 Iran had exported oil for a total of $35.8 billion.
Reuters has reported that various US and Canadian firms have started the year by firing thousands of employees across various sectors. The layoffs signal that the 2023 firing is set to continue into 2024.
This week, European stock indices have reached new high levels. However, most of the surge can be attributed to weakness of the Euro, as the common EU currency has declined against its peers.
This week, the stock price of Intel declined due to increasing losses at the firm's contract chip producing business. These losses indicate that the company would struggle years to catch up with its rival TSMC.
The stock price of the Chinese electric vehicle maker BYD has started a decline due to the company reporting a decline in sales in the first quarter of 2024.
The market capitalization of the Chinese tech firm Xiaomi has surged by $7.6 billion, as the stock price surged after the company announcing that it would produce electric vehicles.
The tech firm Google has been forced by a California lawsuit to destroy billions of record of client browsing history. It has been revealed by the lawsuit that Google has been tracking and gathering data of users that were using private browsing.
The World Bank has revealed that job creation in South Asia has been lagging the growth of population, which indicates at upcoming increase of unemployment.