News

Note: This section contains information in English only.
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.

Fri, 04 Nov 2022 06:30:07 GMT

Volvo increases sales

Volvo Cars has revealed that due to demand for electric vehicles the company increased its sales in October by 7%.

Thu, 03 Nov 2022 14:30:08 GMT

Maersk comments on demand

The shipping line Maersk has revealed that it expects the demand in 2022 for container shipping to decline, as a recession approaches.

Thu, 03 Nov 2022 11:30:09 GMT

US pharmacies settle opioid case

Walmart, CVS and Walgreens have agreed to pay $13.8 billion to settle thousands of lawsuits, which accuse the companies of mishandling opioid painkillers.

Thu, 03 Nov 2022 08:30:09 GMT

Ferrari lifts forecast

Ferrari has announced that after a strong third quarter of 2022, the company would increase its 2022 yearly profit forecast.

Thu, 03 Nov 2022 06:30:07 GMT

S&P decreases Credit Suisse rating

S&P Global Ratings has downgraded the long-term credit of Credit Suisse Group to one level above junk bonds.

Wed, 02 Nov 2022 18:16:16 GMT

US Federal Reserve hikes interest rates

All of financial markets are reacting to the just announced US Federal Reserve Federal Funds Rate. The markets expected the US Fed to hike the rate by 0.75%, which would bring it from 3.25% up to 4.00%. The expectations came true and volatility increased.

Wed, 02 Nov 2022 15:30:14 GMT

PetroChina expects demand to rise

PetroChina executives have revealed that they expect demand for gas and fuel to rise in the third quarter of 2022, compared to 2021.

Wed, 02 Nov 2022 12:30:07 GMT

Investors buy equity

In October, investors bought equities at volumes that had not been observed since March 2022.

Wed, 02 Nov 2022 09:30:08 GMT

Norway's wealth fund reveals results

The $1.15 trillion Norwegian wealth fund has announced that in the third quarter of 2022 the fund had suffered a loss of $43.47 billion.

Wed, 02 Nov 2022 06:30:08 GMT

German President comments on Russia

The President of Germany Frank-Walter Steinmeier has stated that the Russian invasion of Ukraine has shattered the Gorbachev's idea of a common European home.

Tue, 01 Nov 2022 15:30:06 GMT

Volkswagen comments on supplies

As the company released its quarterly results, Volkswagen revealed that it expects supply issues to remain intact and earnings to stagnate below pre-coronavirus levels.

Tue, 01 Nov 2022 12:30:09 GMT

China creates new COVID vaccine

The Chinese firm CanSino Biologics has revealed to the world an inhalable COVID-19 vaccine. Other vaccines are administered via an injection.

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