News

Note: This section contains information in English only.
Tue, 03 Jun 2025 21:30:04 GMT

Oversupply of cars in China amid tariff wars

Chinese auto dealers urge carmakers to stop oversupplying, as price wars hurt cash flow, cut profits, and force some to close, following govt warning.

Tue, 03 Jun 2025 18:30:04 GMT

U.S. gas exports fall

U.S. LNG exports fell in May due to outages and maintenance at its top export plant, affecting global supply and potentially impacting LNG prices.

Tue, 03 Jun 2025 15:30:03 GMT

Switzerland wants stricter rules for UBS

Switzerland is set to propose stricter capital rules for UBS after its 2023 Credit Suisse takeover, sparking a likely long debate in parliament over regulation.

Tue, 03 Jun 2025 12:30:03 GMT

Airbus misses deliveries

Airbus delivered about 51 jets in May, down 4% year-on-year, with 243 delivered so far in 2025—5% less than the same period in 2024, sources say.

Tue, 03 Jun 2025 09:30:04 GMT

Debt of G7 countries rising risks

Rising debt worries hit big economies as Moody's cuts the U.S.'s last AAA rating and weak demand for Japan's bonds sparks investor concern.

Tue, 03 Jun 2025 06:30:05 GMT

Apple fights EU courts

Apple is challenging an EU order requiring iOS changes to boost compatibility with rival products under the Digital Markets Act's interoperability rules.

Tue, 03 Jun 2025 03:30:04 GMT

India's manufacturing growth decreases

India's manufacturing growth hit a 3-month low in May on weak demand, but job creation hit a record high as the economy grew 7.4% last quarter, beating forecasts.

Mon, 02 Jun 2025 21:30:04 GMT

Barclays head of fintech strategy resigns

Barclays' head of fintech strategy, Andrew Elphick, is stepping down after 14 years at the bank, marking a key leadership change in its innovation team.

Mon, 02 Jun 2025 15:30:03 GMT

All eyes on Tesla

Tesla's upcoming robotaxi rollout is raising public concern, as the company faces falling sales and pressure on Musk to refocus amid a tough year.

Mon, 02 Jun 2025 12:30:03 GMT

Steel industry impacted by tariffs

Steel stocks in South Korea and Vietnam fell after Trump said U.S. will double steel and aluminum tariffs to 50% starting June 4, escalating trade tensions.

Mon, 02 Jun 2025 09:30:04 GMT

HSBC invests in private credit funds

HSBC will invest $4B in its private credit funds to boost alternative lending and aims to build a $50B credit fund in 5 years as traditional lending slows.

Mon, 02 Jun 2025 07:10:05 GMT

UK to increase spending on defense

UK to spend £1.5B on six weapons factories to boost defense, deter threats like Russia, and support 1,800 jobs, as part of a major strategic defense review.

Mon, 02 Jun 2025 06:30:13 GMT

Factory outputs weaken in Asia

Asia's factories shrank in May as weak China demand and U.S. tariffs hit output; Japan and South Korea manufacturing also declined, surveys showed Monday.

Mon, 02 Jun 2025 05:39:50 GMT

Airlines impacted by trade tensions

Global airlines cut 2025 profit forecast to $36B, citing trade tensions, weak demand, and jet delivery delays hurting growth, IATA said Monday.

Fri, 30 May 2025 21:30:04 GMT

New Budget may limit capital inflows in U.S.

A new U.S. tax on foreign investors' passive income may hurt demand for Treasuries and the dollar, analysts warn, as Congress advances the sweeping budget bill.

Fri, 30 May 2025 18:30:05 GMT

U.S jobless claims rise

U.S. jobless claims rose more than expected, with May jobless rates up and Michigan hit hard. Unemployment claims hit a 3.5-year high amid tariff concerns.

Fri, 30 May 2025 15:30:03 GMT

BP has new director

BP has named U.S. oil veteran David Hager, former CEO of Devon Energy, as a non-executive director starting June 2.

Fri, 30 May 2025 12:30:04 GMT

Safety of Germany's gold under review

With Trump back in office, the safety of Germany's 3,352-tonne gold reserves abroad—mainly in New York—is now a growing public concern, not just a fringe issue.

Fri, 30 May 2025 09:30:06 GMT

Trump's trade war impacts companies

Trump's trade war has cost firms over $34B in lost sales and rising costs, with tariff uncertainty stalling decisions at major global companies, says Reuters.

Fri, 30 May 2025 06:30:04 GMT

OPEC to increase output

OPEC+ may boost oil output by 411,000 barrels/day in July as 8 members, including Saudi Arabia and Russia, review cuts and market trends on May 31.

Fri, 30 May 2025 03:30:06 GMT

Germany may tax big tech

Germany may impose a 10% tax on big tech firms like Google and Meta, possibly straining U.S. ties as Chancellor Merz plans a visit to President Trump.

Thu, 29 May 2025 21:30:03 GMT

UK wants pension funds to invest in the private market

The UK plans to require pension funds to invest in private markets and the local economy, aiming to unlock £27.5B, despite opposition from investment managers.

Thu, 29 May 2025 18:30:04 GMT

Chevron to lay off staff in Texas

Chevron will lay off 800 workers in Texas by July 15 as part of its plan to cut 20% of its global workforce by 2026, targeting its Permian Basin operations.

Thu, 29 May 2025 15:30:05 GMT

Elon Musk leaves advisors role

Elon Musk is stepping down as Trump's adviser after struggling to cut federal spending and facing resistance, layoffs, lawsuits, and political pushback.

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