News

Note: This section contains information in English only.
Tue, 05 Nov 2024 12:30:09 GMT

Boeing overcharged US Air Force

A US investigation of Boeing has found that the company overcharged the US Air Force for some parts by as much as 8,000%.

Tue, 05 Nov 2024 09:30:04 GMT

Fed might cut by 25 points

Results of a poll done by Reuters indicate that market analysts expect the Federal Reserve to cut interest rates two times during this year. Both times, the Fed should cut by 0.25%.

Tue, 05 Nov 2024 06:30:05 GMT

Adidas experiences good sales

A recent report by Adidas has revealed that the firm has experienced its best sales in China since early 2022.

Tue, 05 Nov 2024 03:30:04 GMT

HSBC buys back shares

The UK banking group HSBC has been trading near record highs, since the group announced that it would buy back shares for a total amount of $3 billion.

Mon, 04 Nov 2024 21:35:03 GMT

BP experiences decline in demand

Last week, BP reported a 30% decline in profits. In general, the firm signals a major decline in earnings in the oil sector, as demand for the commodity is decreasing.

Mon, 04 Nov 2024 21:30:04 GMT

Santander delays results

Despite reporting quarterly earnings, Santander has delayed the publication of quarterly results, as the firm waits for a ruling of a UK court on motor finance.

Mon, 04 Nov 2024 18:30:04 GMT

China considers new debt

Reuters sources have revealed to the world that the Chinese government might increase its debt by $1.4 trillion during the next few years.

Mon, 04 Nov 2024 15:30:04 GMT

Adidas stockholder sells stake

Groupe Bruxelles Lambert has reduced its stake in Adidas to 3.51%. The firm has gradually sold off the stock over 2024, as it owned 16% at the start of the year.

Mon, 04 Nov 2024 12:30:04 GMT

TDK partners with McLaren Racing

TDK has partnered up with McLaren Racing to work on competing in the Formula E, which is the electric vehicle racing league.

Mon, 04 Nov 2024 09:30:03 GMT

Google invests in Nigeria

It has been revealed that Google is among investors that have invested $110 million in Nigeria's Moniepoint. The firm intends to scale up banking services across Africa.

Mon, 04 Nov 2024 06:30:04 GMT

Chinese factory activity declines

Results of a Reuters poll have revealed that market analysts expect Chinese factory activity to have contracted in October.

Mon, 04 Nov 2024 06:22:32 GMT

German firms plan price hikes

The results of recent surveys have revealed that firms intend to increase prices in Germany, which could bring inflation to the 2.00% target rate that the ECB intends to achieve.

Fri, 01 Nov 2024 18:30:05 GMT

Ford reduces expectations

The US carmaker, Ford, has announced that the firm is reducing its profit expectations for 2024, as the company expects to make $10 billion instead of $12 billion.

Fri, 01 Nov 2024 15:30:04 GMT

US aims to buy more oil

Reuters has reported that the US government intends to increase its emergency oil reserve by 3 million barrels. Previously, the government had depleted its reserves throughout 2022, but was unable to repurchase reserves with available funds.

Fri, 01 Nov 2024 13:22:53 GMT

Amazon recovers to 200.00

The stock of Amazon is set to start the day's trading near the $200.00 mark. This is caused by the firm's quarterly financial results, which have been attributed to higher retail sales.

Fri, 01 Nov 2024 12:39:25 GMT

US Employment causes Dollar drop

The monthly US Employment data has been published. In general, the data revealed almost no job creation in the USA, which caused a drop of the Dollar.

Fri, 01 Nov 2024 12:30:04 GMT

Mexico addresses US ban on Chinese tech

The Mexican government has asked the US to reconsider the ban on Chinese car tech, as the Mexican industry could be hurt by the ban.

Fri, 01 Nov 2024 09:30:13 GMT

Toyota invests in AI

The top global carmaker Toyota and NTT have made an arrangement to invest $3.3 billion in research and development of self-driving artificial intelligence.

Fri, 01 Nov 2024 06:30:14 GMT

Walmart slashes prices

Prior to the US holiday sale season, Walmart has reduced the price for Walmart Plus subscription by half. By doing so, the firm intends to catch up in sales with Amazon.

Fri, 01 Nov 2024 03:30:05 GMT

Subway gets sued

Subway Restaurants has been sued on claims that its advertisements have misled customers by overstating the content of meat in the sandwiches by more than three times.

Thu, 31 Oct 2024 18:30:04 GMT

Meta builds own search engine

The Facebook owner, Meta, has reportedly started the creation of its own search engine that would stop the firm's reliance on Bing and Google.

Thu, 31 Oct 2024 15:30:04 GMT

VW workers sound alarms

The carmaker workers council of VW has revealed that the firm intends to shut down three European factories and fire tens of thousands of employees, as part of the ongoing major overhaul.

Thu, 31 Oct 2024 12:30:10 GMT

Investors look at Microsoft earnings

Microsoft is set to publish quarterly financial results after the bell. Investors are looking at the report for hints when will the firm have income from AI, as the new technology has taken up major investment.

Thu, 31 Oct 2024 09:30:04 GMT

Real estate sector worries about taxes

Reuters has reported that US commercial real estate firms have been pushing the US government to implement tax reliefs and other incentives, as the firms struggle with delinquencies, high vacancy rates and financing costs.

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