News

Note: This section contains information in English only.
Thu, 23 Nov 2023 06:30:04 GMT

Chinese authorities buy up Yuan

Reuters has reported that the Chinese state banks have been buying up the Yuan for US Dollars to increase the value of the Chinese currency.

Wed, 22 Nov 2023 14:30:04 GMT

OpenAI investors consider suing the board

In the aftermath of the firing of the OpenAI CEO Sam Altman, a group of the company's stockholders have started to explore options to sue the board of the company.

Wed, 22 Nov 2023 13:00:24 GMT

Sam Altman returns to OpenAI

The turmoil and outrage that was caused by the OpenAI board firing Sam Altman has forced the ChatGPT makers to rehire the Altman back as CEO.

Wed, 22 Nov 2023 12:31:39 GMT

NVidia reveals major profits

After the US stock market closed on Tuesday, NVidia published the company's third quarter financial results. In general, the company has beaten expectations and even increased further outlook. However, concerns regarding future sales in Asia persist.

Wed, 22 Nov 2023 12:30:03 GMT

Hybrid car sales surge in China

Reuters has reported that a recent surge in hybrid vehicle sales in China have created a new threat to non-domestic vehicle makers, as Chinese brands have emerged as winners in a recent price war.

Wed, 22 Nov 2023 10:30:03 GMT

SEC sues Kraken

The US Securities and Exchange Commission has sued the crypto exchange Kraken for failure to register with the regulator.

Wed, 22 Nov 2023 08:30:04 GMT

US investigates Hyundai and Kia vehicles

The United States auto safety regulators have started an investigation of KIA and Hyundai recalls of 6.4 million that had been done due to brake fluid leaks.

Wed, 22 Nov 2023 06:30:04 GMT

Blackstone closes fund

The Financial Time has reported that Blackstone is set to close its multi-strategy fund due to its assets dropping almost 90%.

Tue, 21 Nov 2023 14:30:04 GMT

Citigroup employees face layoffs

Reuters has reported that employees of the Citigroup bank are expecting to get fired, as the bank starts a major reorganization.

Tue, 21 Nov 2023 12:30:04 GMT

OpenAI staff threaten the board

Nearly 500 employees of OpenAI have sent a letter to the board pf the company threatening to quit and join the recently fired CEO Sam Altman at his new employer, Microsoft, unless the board resigns.

Tue, 21 Nov 2023 10:30:04 GMT

Oil extends surge

Due to the recently announced further OPEC+ oil production cuts, crude oil price benchmarks have started a surge.

Tue, 21 Nov 2023 08:30:04 GMT

Microsoft hires fired OpenAI CEO

The recently fired Chief Executive Officer of OpenAI Sam Altman has been hired by Microsoft. Market commentators have expressed that the move is set to benefit the stock price of MSFT.

Tue, 21 Nov 2023 06:30:04 GMT

LSEG names new CFO

The London Stock Exchange Group has named Micel-Alain Proch as the new Chief Financial Officer of the exchange.

Mon, 20 Nov 2023 13:30:03 GMT

Japanese stocks reach record high

During Monday's trading, the Japanese stock indices reached a three decade high level. Namely, the Nikkei index reached levels not seen since 1990.

Mon, 20 Nov 2023 10:30:03 GMT

Novo Nordisk invests in production

The new obesity drug maker Novo Nordisk has invested additional $6 billion in new factories. The CEO of the company has stated that the production volumes still remain far below global demand.

Mon, 20 Nov 2023 06:30:05 GMT

USA reduces beef exports

The United States have started to increase beef imports, as exports of the same type of meat has been reduced. The trend has increased costs for meat processors like Tyson Foods.

Fri, 17 Nov 2023 14:30:04 GMT

Meta makes deal with Tencent

The Wall Street Journal has reported that Meta Platforms has made a deal with Tencent Holdings to sell new low-cost virtual reality headsets in China.

Fri, 17 Nov 2023 10:30:04 GMT

Apple settles with US government

Apple has agreed to pay $25 million to settle a case with the US Department of Justice over allegations of favouring immigrant workers over US citizens.

Fri, 17 Nov 2023 06:30:05 GMT

Travel demand falls

Travel analysts at ForwardKeys have revealed that global travel demand has declined due to cancellation of trips to the Middle East in the aftermath of the start of the war.

Thu, 16 Nov 2023 14:30:04 GMT

BlackRock registers Ehereum trust

The giant asset management firm BlackRock has applied to create a new Ethereum trust fund that could result in the creation of a new ETF.

Thu, 16 Nov 2023 10:30:03 GMT

Country Garden plans debt restructuring

Reuters has reported that Country Garden intends to have a prepared offshore debt restructuring plan by the end of year.

Thu, 16 Nov 2023 06:30:05 GMT

Celsius Network goes bankrupt

US bankruptcy court has approved the restructuring of the crypto lender Celsius network and the creation of a new company.

Wed, 15 Nov 2023 14:30:05 GMT

Media firms benefit from deal with actors

Hollywood studios and other media firm stocks have recently surged due to a tentative deal that would end the ongoing actor strike.

Wed, 15 Nov 2023 10:30:06 GMT

Tesla recalls vehicles

The National Highway Traffic Safety Administration has ordered Tesla to recall 159 vehicles due to incorrect airbag deployment.

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