News

Note: This section contains information in English only.
Tue, 11 Mar 2025 12:30:03 GMT

Canada imposes counter tariffs to U.S.

Ontario imposes a 25% surcharge on electricity exports to protest Trump's tariffs, with Premier Ford vowing to protect the province until tariffs are lifted.

Tue, 11 Mar 2025 09:30:07 GMT

Tarrifs hurt S&P 500

Trump's tariffs have caused a $4 trillion drop in the S&P 500, sparking economic uncertainty with shifting policies affecting businesses and investors.

Tue, 11 Mar 2025 06:30:05 GMT

DHL to cut workforce

DHL plans to cut 8,000 jobs in 2025 at its Post & Parcel Germany division due to declining letter volumes and rising costs, following a 5.6% drop in earnings.

Tue, 11 Mar 2025 03:30:03 GMT

IMF warns of unwanted inflation

IMF's Kristalina Georgieva said global policymakers have made progress in tackling inflation but still need to fully control it, likening it to a genie still partly out of the bottle.

Mon, 10 Mar 2025 18:30:04 GMT

Automakers exempted from tariffs one month

Trump will exempt automakers from 25% tariffs on Canada and Mexico for a month if they follow trade rules and is open to other product exemptions.

Mon, 10 Mar 2025 15:30:05 GMT

China wants bigger deficits

China plans to raise its fiscal deficit to 4% of GDP, the highest since 2010, amid trade tensions and economic challenges, with increased bond sales for stimulus.

Mon, 10 Mar 2025 12:30:05 GMT

Bayer AG forecasts a bleak performance

Bayer AG forecasts a third year of falling profit due to US litigation, low agriculture prices, and competition for key medicines, with core earnings expected to drop.

Mon, 10 Mar 2025 09:30:10 GMT

Banker bonuses rise

Barclays and HSBC saw top banker pay surge over 50%, with some earning up to €20M in 2024, following the end of the UK banker bonus cap.

Mon, 10 Mar 2025 06:30:03 GMT

SEC gives guidance on meme coins

The US Securities and Exchange Commission' clarifies that meme coins are not considered securities, providing regulatory clarity for these digital assets.

Mon, 10 Mar 2025 03:30:05 GMT

Global house prices drop globally

Global house prices dropped 1.6% YoY in Q3 2024. Prices rose in advanced economies (+0.5%) but fell in emerging markets (-3.1%), with sharp drops in China and Türkiye.

Fri, 07 Mar 2025 21:30:04 GMT

The UK Competition and Markets Authority fines several banks

The UK CMA fined HSBC, Citi, RBC, and others over £100m for sharing sensitive UK bond info via chatrooms from 2009-2013. RBC received the largest fine.

Fri, 07 Mar 2025 18:30:03 GMT

Japan approves budget

Japan's lower house approved a ¥115.2 trillion budget for the year starting in April, a key step for PM Shigeru Ishiba ahead of the summer election.

Fri, 07 Mar 2025 15:30:03 GMT

Government shutdown in the U.S. may be a possibility

With the March 14 deadline approaching, Congress is far from a deal to avoid a shutdown, complicated by Trump's actions, including suspending foreign aid and firing workers.

Fri, 07 Mar 2025 12:30:03 GMT

Former Barclays CEO to appeal his ban

Former Barclays CEO Jes Staley will appeal his proposed ban from the UK finance industry, linked to his past ties with disgraced financier Jeffrey Epstein.

Fri, 07 Mar 2025 09:30:05 GMT

Big pharma fears of EU regulation

EU pharma industry urges the Commission to slow down the Critical Medicines Act, fearing rushed drafting ahead of the March 11 deadline, bypassing proper evaluation.

Fri, 07 Mar 2025 06:30:04 GMT

Foreign workers improve the economy of Spain

Foreign workers boost Spain's economy, helping it grow 3% last year, outpacing the eurozone and US.

Fri, 07 Mar 2025 03:30:05 GMT

JPMorgan expansion in the private credit market

JPMorgan sets aside $50B to expand in the private credit market, joining rivals like Citigroup and Wells Fargo as the sector is expected to grow to $3T by 2028.

Thu, 06 Mar 2025 21:30:03 GMT

Trump Tariffs agricultural products

Trump announced new tariffs on agricultural imports starting April 2, saying U.S. farmers will benefit as foreign products can't compete with local goods.

Thu, 06 Mar 2025 18:30:03 GMT

Bond yields in Japan rise

Japanese government bond yields surged Thursday, with the 10-year hitting its highest since 2009, amid a global bond sell-off and rising U.S. treasury yields.

Thu, 06 Mar 2025 15:30:03 GMT

Disney to decrease workforce

Disney plans to cut about 6% of its workforce at ABC News and Disney Entertainment Networks, affecting under 200 staff, due to declining TV audiences.

Thu, 06 Mar 2025 12:30:03 GMT

BlackRock buy Panama canal ports

BlackRock is buying ports along the Panama Canal for $23B from CK Hutchison, boosting its infrastructure strategy amid political tensions over the trade war.

Thu, 06 Mar 2025 09:30:03 GMT

Intel wins court case

Intel won a lawsuit dismissal over fraud claims about concealing issues in its foundry business, which led to job cuts and a $32B market value loss.

Thu, 06 Mar 2025 06:30:03 GMT

Novo Nordisk cuts price on drugs

Novo Nordisk will sell its weight-loss drug Wegovy for $499/month to cash-paying patients, following Eli Lilly's price cuts for its obesity drug Zepbound.

Thu, 06 Mar 2025 03:30:03 GMT

Germany to invest half a trillion into economy

Germany's parties plan a 500 billion euro infrastructure fund and borrowing rule changes, sparking market optimism to boost the economy.

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