News

Note: This section contains information in English only.
Thu, 23 Mar 2023 10:58:41 GMT

Ryanair is in talks with Boeing

The CEO of Ryanair Michael O'Leary has revealed that the company is in talks with Boeing about the acquisition of new Boeing 737 jets.

Thu, 23 Mar 2023 10:30:06 GMT

UK regulators comment on Broadcom deal

United Kingdom regulators have revealed that the Broadcom's acquiring of VMware could hurt competition in the server market.

Thu, 23 Mar 2023 10:19:04 GMT

Swiss Franc strengthens due to SNB

The Swiss National Bank has hiked its SNB Policy Rate from 1.00% up to 1.50%. The central bank has hiked interest rates despite the ongoing turmoil in the country's banking sector.

Thu, 23 Mar 2023 08:30:10 GMT

First Republic considers downsizing

The First Republic Bank has reportedly developed a plan to downsize in the case of failing to raise capital.

Thu, 23 Mar 2023 06:30:07 GMT

Man Group comments on banks

The Chief Executive Officer of Man Group Luke Ellis has stated that over the next two year many more banks would fail just like the Silicon Valley Bank.

Wed, 22 Mar 2023 18:01:35 GMT

US Federal Reserve hikes interest rate

The United States Federal Reserve Federal Open Markets Committee has just increased the Federal Funds Rate from 4.75% up to 5.00%. The market consensus was that the Fed would hike 0.25%.

Wed, 22 Mar 2023 14:30:06 GMT

Yellen comments on deposit guarantees

The US Treasury Secretary Janet Yellen has stated on Tuesday that further steps might be required to protect bank depositors.

Wed, 22 Mar 2023 12:30:10 GMT

EU reconsiders future car plans

The European Commission has created a new legislation draft, which would allow the sales of internal combustion engine cars beyond 2035.

Wed, 22 Mar 2023 09:30:09 GMT

Goldman Sachs comments on oil

The Global Head of Commodities at Goldman Sachs Jeff Currie has stated to Financial Times that he expects oil prices to increase by June.

Wed, 22 Mar 2023 06:30:07 GMT

Google suspends Pinduoduo

Google has announced that it would suspend Chinese app Pinduoduo due to security concerns.

Tue, 21 Mar 2023 14:30:06 GMT

Amazon fires more employees

The online retailer Amazon has increased the global tech sector layoffs by firing additional 9,000 employees.

Tue, 21 Mar 2023 13:30:07 GMT

US Republicans oppose bank guarantees

Various US Republicans have come out to opposite increasing bank deposit guarantees beyond the current $250,000 limit.

Tue, 21 Mar 2023 10:30:06 GMT

McCarthy comments on debt talks

The US House Speaker McCarthy has stated the lack of US fiscal debt solving talks could jeopardize the US economy.

Tue, 21 Mar 2023 06:59:46 GMT

Switzerland increases Credit Suisse bailout

The government of Switzerland and the Swiss National Bank could increase its total bail out of Credit Suisse up to 260 billion CHF, which is a third of the country's GDP.

Mon, 20 Mar 2023 13:30:06 GMT

China reduces bank reserve ratio

The People's Bank of China has announced that it would reduce its bank reserve requirements in an effort to boost lending and economic recovery.

Mon, 20 Mar 2023 10:30:07 GMT

ECB comments on European banks

The ECB banking supervisors have stated that they observe no contagion into the Euro Zone bank sector from the ongoing US and Swiss bank failures.

Mon, 20 Mar 2023 08:30:08 GMT

FDIC returns $40 billion to US Treasury

The Federal Deposit Insurance Corporation has deposited $40 billion in the US Treasury, reversing a previous $40 billion withdrawal, which was done during the takeover of the failed Silicon Valley Bank.

Mon, 20 Mar 2023 06:30:08 GMT

Volkswagen invests in mining

Volkswagen has announced plans to invest in mining in an effort to bring down the costs of battery cells. The company intends to meet half of the company's own demand and sell to others.

Fri, 17 Mar 2023 14:30:07 GMT

US companies visit Vietnam

SpaceX, Boeing and Netflix are set to join the biggest US business mission to Vietnam, as the United States are set to discuss investment and trade among the two countries.

Fri, 17 Mar 2023 12:30:07 GMT

Credit Suisse comments on SNB cash

The Swiss banking group Credit Suisse has revealed that the 50 billion CHF received from the Swiss National Bank would allow the bank to continue its ongoing reforms.

Fri, 17 Mar 2023 09:29:08 GMT

First Republic shares continue to decline

The stock price of First Republic Bank has continued to decline despite the rescue deal done by JPMorgan Chase, the Federal Reserve and the US Treasury for 11 firms to deposit $30 billion at the failing bank.

Fri, 17 Mar 2023 06:30:05 GMT

ECB hikes due to SNB bailout

Reuters has reported that the European Central Bank confidently hiked its base interest rate by 0.50% due to the Swiss National Bank bailing out Credit Suisse.

Thu, 16 Mar 2023 14:30:08 GMT

Tyson Foods shuts down factories

Tyson Foods has announced that it would close two chicken processing plants in the US. By doing so the company would fire 1,700 workers.

Thu, 16 Mar 2023 12:30:08 GMT

KPMG stands by its audits

The US head of KPMG Paul Knopp has stated that the accounting company would stand by its audits of the Silicon Valley Bank and Signature Bank.

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