In March, the growth rate of Indian factories has hit a 16-year high level. Moreover, factories have continued to hire workers, which indicates at continuous trend.
The stock price of Tesla plummeted nearly 7.00% at the start of Tuesday's US trading. The drop was caused by the company reporting that it has delivered 386,783 new vehicles in the first quarter of 2024. The market consensus forecast was that the company would deliver 431,000.
The Vice President of Bank of China Zhang Yi has commented that the bank's net interest margin is set to continue to face pressure during 2024.
The release of the United States Institute for Supply Management data has revealed that US production has increased of the first time since September 2022.
The top European Union's court has recently rejected Amazon's request to cancel the demand to make it's add repository available to the public.
Wendy's and McDonald's have reported that the two companies have been observing a decline of turnover, as low income consumer have abandoned the consumption of fast food. The firms consider below $50,000 per-year earners as low-income.
The member of the Governing Council of the European Central Bank Martins Kazaks has revealed that he expects the ECB to cut rates in June.
The pharmacy firm Moderna has secured $750 million in financing from Blackstone to develop new flu vaccines.
The German broadcasting company ProSieben has urged shareholders to vote against the MFE-MediaForEurope proposal to split up the firm. MFE is the top stock holder of ProSieben.
Two US manufacturers have joined forces to source and create solar panels that could be marked "Made in USA" which would allow solar project developers to use federal subsidies.
Reuters has reported that despite the end of a major employee layoff Citigroup has fired ten additional researchers in the Asia Pacific region.
The United States National Highway Traffic Safety Administration has announced that Subaru of America has to recall almost 119 thousand vehicles due to an airbag deployment issue.
UBS has decided to sell $8 billion of Credit Suisse securities products to Apollo Global Management. The bank has been selling off non-core assets of the collapsed banking group.
The major decline of the Japanese Yen to 1990 levels has been attributed to the recent surge of the Japanese stock index, the Nikkei.
As Turkey, China and UAE have increased compliance with US sanctions on Russia, Russian oil companies have reportedly faced increased number of issues with collecting payments for oil shipments.
The clothing retailer H&M has beat quarterly financial result expectations, as the firm has experienced a recovery at the start of the spring.
On its debut on NASDAQ, the value of Trump's Trump Media Group jumped by 59%.The stock price touched a session high of $79.39 per share.
The French car producer Renault is set to sell about 2.5% of total amount of Nissan shares for a total of $392 million.
MasterCard and Visa have reached a $30 billion settlement in a US antitrust lawsuit that is set to result in limited credit and debit card fees. The $30 billion in reduced costs are set to be passed on to consumers.
Executives of the French car maker Renault have revealed that they have been in early talks with partners about a potential creation of an electric vehicle battery recycling process.
Morgan Stanley has revealed that, due to high equity price in the United States, hedge funds have moved their investment money to Europe.
Reuters has published a report that reveals how the Bank of Japan could increase interest rates even higher than already expected. Recently, the central bank hiked rates for the first time in 17 years.
As sanctions have been tightening Russian oil exports, Indian refineries have started to buy more US produced crude oil. Indian refineries are set to import 250,000 barrels per day during April.
Reuters has revealed that the Chinese President Xi Jinping is set to meet US businessmen in Beijing on Wednesday. The meeting is set to be a follow up to a prior meeting done in November in San Francisco.