News

Note: This section contains information in English only.
Thu, 08 Aug 2024 15:35:03 GMT

US mortgage rate declines

The average 30-year mortgage rate has declined in the United States. The decline is seen as a signal of upcoming Federal Reserve interest rate cuts.

Thu, 08 Aug 2024 15:30:10 GMT

Mars wants to buy Kellanova

The owner of such brands as Snickers and M&Ms, Mars has reportedly been evaluating the acquisition of Kellanova, the maker of Pringles and Cheez-It.

Thu, 08 Aug 2024 12:47:09 GMT

Eli Lilly manages to deliver new drugs

The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%.

Thu, 08 Aug 2024 12:35:20 GMT

US unemployment claims are below expected

The US statisticians have published the weekly Unemployment Claims numbers. Released numbers are below market expectations, which is causing a recovery of the US Dollar and the US stock markets.

Thu, 08 Aug 2024 12:35:03 GMT

Siemens beats expectations

The German industrial firm Siemens has passed market analyst forecasts for the quarterly profits. The firm has profited due to its clients upgrading electric infrastructure.

Thu, 08 Aug 2024 12:30:05 GMT

Neuralink has second trial patient

Elon Musk has revealed that the new Neuralink implant has been implanted into the brain of a second trial patient.

Thu, 08 Aug 2024 09:30:04 GMT

Hugo Boss focuses on costs

The fashion brand Hugo Boss announced that, due to a 42% drop in quarterly operating profits, the firm would concentrate on cost reductions in an effort to increase profitability.

Thu, 08 Aug 2024 06:30:07 GMT

Daimler Truck reduces working hours

Due to a decline in demand for new trucks in Europe and Asia, Daimler Truck has imposed a reduction in working hours instead of firing employees.

Thu, 08 Aug 2024 03:30:06 GMT

Toyota reveals higher profit

The Japanese carmaker Toyota Motor Corporation has announced a 17% surge in first quarter profits. However, most of the gains are attributed to cost-cutting and weaker Japanese Yen value.

Wed, 07 Aug 2024 21:30:03 GMT

Trump agrees to debate

The Republican candidate for the US Presidency Donald Trump has agreed to debate incumbent Vice President and Democrat party candidate Kamala Harris on Fox News on September 4.

Wed, 07 Aug 2024 18:30:04 GMT

Barkin comments on policy

The President of the Richmond Federal Reserve Thomas Barkin has revealed to the Carolina Business Review that he would not change his monetary outlook despite the recently released weak US employment data.

Wed, 07 Aug 2024 15:30:04 GMT

Investment suffers due to fees

Goldman Sachs have revealed that investment in hedge funds across the world has been declining due to high fees. In fact, 15% of investors are willing to pay pass-through fees.

Wed, 07 Aug 2024 12:30:04 GMT

US sues TikTok

The US Department of Justice has sued TikTok due to massive-scale privacy violations of minors under the age of 13.

Wed, 07 Aug 2024 09:30:04 GMT

Chevron struggles with refining

The oil giant Chevron has announced that the firm has been struggling with industry-wide pressure to lower refining margins. Moreover, lower natural gas prices have been unexpected and have caused losses in the recent quarter.

Wed, 07 Aug 2024 06:30:04 GMT

Volvo increases sales

Volvo Cars has announced that in July the firm has managed to increase sales by 6% due to demand of electric vehicles in Europe.

Wed, 07 Aug 2024 03:30:05 GMT

Tesla increases production in China

Data from the China Passenger Car Association has revealed that in July Tesla has increased production in the country by 15.3%, compared to July 2023.

Tue, 06 Aug 2024 21:30:05 GMT

Eli Lilly comments on shortage

The Chief Executive Officer of Eli Lilly has recently revealed to Bloomberg News that the firm expects the shortage of weight loss drugs to end in the near term future.

Tue, 06 Aug 2024 18:30:04 GMT

US manufacturing reaches a low level

The Institute for Supply Management (ISM) announced on Thursday that the institute's Purchasing Managers Index has reached an eight-month low level. The survey results have shown a reading of 46.8.

Tue, 06 Aug 2024 15:30:03 GMT

Truck makes prefer hydrogen engines

Reuters has published a report on how world's largest truckmakers have been reworking their combustion engines to work with hydrogen instead of diesel. The firms have discovered that hydrogen engines might be the solution to reach zero emissions.

Tue, 06 Aug 2024 12:30:04 GMT

Rolls Royce pays dividend

For the first time since the pandemic, Rolls-Royce has announced that the firm will pay out a dividend, as the aero engine maker has reported larger profits that have been caused by demand for Airbus jet engines.

Tue, 06 Aug 2024 09:30:06 GMT

US constructions spending continues decline

The Census Bureau of the US Commerce Department has revealed that in June spending on construction has continued to decline in the United States.

Tue, 06 Aug 2024 06:30:04 GMT

Shell profits decline

The energy company Shell has revealed that it has experienced a decline in its quarterly profits of 19%, compared to the previous quarter.

Tue, 06 Aug 2024 03:30:04 GMT

Honda and Nissan join forces

The Japanese carmakers Nissan and Honda have started to jointly research new software. Moreover, the two firms have asked Mitsubishi to join the endeavour.

Mon, 05 Aug 2024 21:30:04 GMT

LSEG increases revenues

The London Stock Exchange Group has announced an increase of total income of 5.4%, as the stock exchange has benefited from joint ventures with Microsoft.

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