- Tue, 15 Nov 2022 10:30:10 GMT
Germany nationalises gas importer
In effort to oust Gazprom from the German market, the government of Germany has announced the nationalisation of the gas import firm Sefe.
- Tue, 15 Nov 2022 07:30:09 GMT
Tyson Foods increases expectations
The US food producer Tyson Foods has announced that the company would increase its 2023 earnings forecasts due.
- Mon, 14 Nov 2022 14:57:51 GMT
Wall Street reacts to Fed comments
US stock indices started the week's trading with a decline, as comments made by US monetary policymakers were indicated as the catalyst of the equity price move.
- Fri, 11 Nov 2022 15:30:08 GMT
Ralph Lauren beats forecasts
Ralph Lauren has announced that the company has beat its quarterly earnings expectations, as wealthy consumers have not been affected by inflation.
- Fri, 11 Nov 2022 12:30:08 GMT
US consumers increase spending
Despite high inflation, in October, US consumers continued to spend, as early Christmas shopping was attributed to a rise in expenditure.
- Fri, 11 Nov 2022 09:30:10 GMT
Enria comments on bank profits
The ECB supervisor Andrea Enria has stated that major banks should use their recent good profits to buyback their shares.
- Fri, 11 Nov 2022 06:30:08 GMT
FTX looks for bail out
The cryptocurrency exchange FTX continues to look for additional funds, as Binance has announced that it would not bail out the company. The string of news associated with FTX has caused a major cryptocurrency sell off.
- Thu, 10 Nov 2022 16:30:07 GMT
Chinese exports disappoint expectations
In October, Chinese exports have reportedly declined, as the Chinese economy is being impacted by the zero Covid policy.
- Thu, 10 Nov 2022 13:30:09 GMT
AstraZeneca withdraws US application
The UK pharmaceutical company has announced that it would withdraw its application for an approval of its coronavirus vaccine in the United States.
- Thu, 10 Nov 2022 10:11:12 GMT
Mazda expects slowdown in US
The carmaker Mazda has revealed that despite current strong demand for vehicles in the United States the company expects a downturn, starting from spring of 2023.
- Wed, 09 Nov 2022 15:30:10 GMT
Securitas reveals results
The Swedish security firm beat its third quarter results. However, the company revealed that the future of global demand for security solutions is uncertain.
- Wed, 09 Nov 2022 12:30:09 GMT
Tesla recalls vehicles
Tesla has announced another car recall, as nearly 40,000 vehicles are at risk of loosing power steering during driving on rougher roads or hitting a pothole.
- Wed, 09 Nov 2022 09:30:34 GMT
Renault and Geely form joint venture
Geely and Renault have announced that the companies would work together on new gasoline and hybrid vehicle engines.
- Wed, 09 Nov 2022 06:30:10 GMT
Von der Leyen comments on climate
The EU President Ursula von der Leyen has stated to the COP27 climate summit that countries should increase their actions in regards to climate change.
- Tue, 08 Nov 2022 14:30:07 GMT
ECB evaluates banks
Bank sector supervisors of the European Central Bank have revealed that an ongoing evaluation of Eurozone banks has been looking for potential systemic vulnerabilities
- Tue, 08 Nov 2022 11:30:09 GMT
Stocks gain due to China optimism
In the aftermath of the US Federal Reserve Rate hike, a stock price surge and decline of the USD occurred. Financial market commentators attributed the financial fluctuations to a potential end of anti-covid measures in China.
- Tue, 08 Nov 2022 08:30:10 GMT
Binance ignores sanctions on Iran
Reuters reported this week that, despite sanctions, Binance had processed Iranian transactions up to an amount of eight billion US Dollars.
- Mon, 07 Nov 2022 15:30:06 GMT
Chesapeake warns about rising costs
The US Natural Gas producers Chesapeake Energy has revealed that it expects inflation in the US gas regions to reach 15% during the next year, which is set to impact the company's expenses.
- Mon, 07 Nov 2022 12:30:08 GMT
Poland orders nuclear power plant
The Prime Minister of Poland Mateusz Morawiecki has revealed that the country's first power plant is set to cost around $20 billion. The power plant is set to be constructed by Westinghouse Electric Company.
- Mon, 07 Nov 2022 09:30:07 GMT
Yum beats sales estimates
The owner of KFC and Taco Bell has revealed that the company had beat its quarterly sales forecasts due to price hikes.
- Mon, 07 Nov 2022 06:30:09 GMT
CVS Health increases forecasts
The US pharmacy and health insurance firm CVS Health has announced that it would increase its 2022 profit forecast due to strong third quarter results.
- Fri, 04 Nov 2022 14:30:07 GMT
US Treasury considers bond buybacks
The United States Department of the Treasury has revealed that it continues to evaluate bond buybacks for the purpose of increasing market liquidity.
- Fri, 04 Nov 2022 12:30:08 GMT
US GDP beats IMF expectations
The International Monetary Fund has announced that it might need to increase its 2022 US GDP forecast, as recent quarterly data beat the organization's prior expectations.
- Fri, 04 Nov 2022 09:30:08 GMT
White House subsidizes households
The US White House has announced that it would use a total of $13.5 billion to help households with energy bills.