News

Note: This section contains information in English only.
Wed, 26 Feb 2025 12:30:04 GMT

Japan Post to raeduce stake in Japan Post Bank

Japan Post Holdings plans to sell shares in Japan Post Bank worth around 600 billion yen ($4.02 billion), reducing its stake below 50%, sources said.

Wed, 26 Feb 2025 08:30:03 GMT

Layoffs in Aston Martin

Aston Martin will cut 5% of its global workforce, or 170 employees, to reduce costs and support future investments, according to a company statement.

Wed, 26 Feb 2025 03:35:02 GMT

Bitcoin drops below $90,000

Bitcoin hit a 3-month low below $90,000 on Tuesday, as U.S. tariff concerns and last week's $1.5 billion Bybit exchange ether hack shook investor confidence.

Wed, 26 Feb 2025 03:30:04 GMT

Cigar Sales up

Habanos reports record $827M in sales for 2024, driven by strong demand in China and Asia, with revenue up 16% as wealthy smokers boost luxury cigar demand.

Tue, 25 Feb 2025 21:30:03 GMT

Unilever CEO steps down

Unilever CEO Hein Schumacher steps down after less than two years, replaced by CFO Fernando Fernandez, following weak earnings and restructuring efforts.

Tue, 25 Feb 2025 18:30:06 GMT

Nvidia's earnings on the horizion

Nvidia's AI chip demand will be in focus as investors question if its pricey chips are essential, following claims that China's DeepSeek offers cheaper AI models.

Tue, 25 Feb 2025 15:30:04 GMT

Trump meets Macron

Trump and Macron show stark differences on Ukraine, highlighting a divide between the U.S. and Europe over Trump's push for a quick ceasefire deal with Russia.

Tue, 25 Feb 2025 12:30:05 GMT

Apple invests in the U.S.

Apple plans to invest $500 billion in the U.S. over the next 4 years, including a Texas AI server factory and 20,000 new R&D jobs, boosting local suppliers like Corning.

Tue, 25 Feb 2025 09:30:04 GMT

Microsoft closes AI leases

Microsoft scraps leases for data center capacity, raising concerns about potential oversupply as it builds AI infrastructure, fueling worries of a market slowdown.

Tue, 25 Feb 2025 06:30:04 GMT

Canada's TSX drops

Canada's main stock index dropped 1.4% to a five-week low on Friday, led by declines in energy, mining, and tech stocks, as commodity prices fell and risk aversion rose.

Tue, 25 Feb 2025 03:30:03 GMT

Retail sales in Canada rise

Canadian retail sales rose 2.5% in December to C$69.59B, driven by food, beverage, and vehicle sales, but are expected to drop 0.4% in January.

Mon, 24 Feb 2025 18:30:04 GMT

EU lifts sanctions on Syria

The EU lifted sanctions on Syria's key industries, removing five financial entities from the freeze and allowing funds for the Central Bank to aid recovery.

Mon, 24 Feb 2025 15:30:06 GMT

Australia's top banks halt after $40B loss.

Top Australian banks paused Monday after an A$63B sell-off, following strong growth last year from superannuation and retail investors, trading at high multiples.

Mon, 24 Feb 2025 12:30:03 GMT

Rupee struggles

The Indian rupee rose briefly but fell to 86.69 against the dollar, pressured by state-run banks buying dollars for oil companies.

Mon, 24 Feb 2025 09:30:04 GMT

BBVA raises targets

BBVA raises its target for lending to sustainable businesses to €700B over the next five years, up from €300B previously, focusing on clean tech and innovation.

Mon, 24 Feb 2025 06:30:04 GMT

Tesla recalls cars with power steering issue

Tesla is recalling 375,000 vehicles due to a power steering issue. A software update has been released to fix the problem, with no reports of crashes or injuries.

Mon, 24 Feb 2025 03:30:05 GMT

Trump to deliver gas to Asia

Trump and Japan's leader discussed a long-standing plan to unlock Alaska's gas and ship it to U.S. allies in Asia during their recent lunch meeting.

Fri, 21 Feb 2025 21:30:04 GMT

Higher job cuts may signal stagflation

UK businesses increased job cuts in February, signaling stagnation and rising price pressures amid a looming payroll tax hike, creating challenges for the economy.

Fri, 21 Feb 2025 18:30:15 GMT

Singapore tries boosting stock market with rebates

Singapore announced measures to boost its stock market, including a 20% tax rebate for primary listings and a S$5B program to invest in domestic stocks.

Fri, 21 Feb 2025 15:30:03 GMT

ECB takes a look at distributed ledger technologies

The ECB is exploring settling DLT-based transactions in fiat money, developing a platform for central bank money and a long-term solution for international operations.

Fri, 21 Feb 2025 12:30:05 GMT

UK's competition regulator fines banks

UK's competition regulator fined Citi, HSBC, Morgan Stanley, and RBC £104.5M for sharing sensitive UK bond info from 2009-2013. Deutsche Bank got immunity.

Fri, 21 Feb 2025 09:30:06 GMT

Tesla to invest in Nissan

A group led by ex-Japan PM Yoshihide Suga plans for Tesla to invest in Nissan after merger talks with Honda failed. Tesla may eye Nissan's U.S. plants.

Fri, 21 Feb 2025 06:30:05 GMT

DOGE to give back saved money back to taxpayers

Trump proposed using savings from his cost-cutting effort, overseen by Musk, to give 20% to taxpayers and 20% to reduce the national debt. Musk supports the idea.

Fri, 21 Feb 2025 03:30:14 GMT

Pentagon plans to cut budget

The Pentagon plans $50B in cuts from the FY26 budget to fund Trump's national defense priorities, focusing on core missions like deterring and winning wars.

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