UK telecoms firm Vodafone has announce an additional 10% stake sale in Vantage Towers. The sale amounts to a total of $1.4 billion. This sale had been previously announced as a part of a plan to reduce the company's debt.
It has been revealed by various investment firms that they see the end of Biden's re-election campaign as positive for the stock market. However, the future direction of the markets are expected to be set by the announcement of the new Democrat Presidential candidate.
The Chief Executive Officer of the Renault Group Luca de Meo has stated that the set European timeline for switching to EV's requires more flexibility, but should not be abandoned due to a slow market.
The music streaming service Spotify has published quarterly profits that have not only surpassed expectations, but are also a record high for the firm. These news caused a major surge of the company's stock price.
The China Bohai Bank has announced that it intends to sell bad loans that are valued at almost $3.99 billion.
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange.
The banking group Morgan Stanley has revealed that it expects crude oil markets to be in surplus throughout 2025. Due to this reason price could decline to the mid-$70s range.
Chinese EV producer Xpeng has partnered up with Volkswagen to establish project houses for engineers that should increase new EV architecture development speed.
The Financial Stability Board of the G20 organization has revealed that the lack of reforms in the non-bank and money market fund sectors has left the global financial system at risk to more shock events.
Chief Executive Officer of Dolce&Gabanna has announced that the firm is ready to offer the firm's capital to new investors either through a stock listing or other ways.
The US Commerce Department has revealed that, despite a decline of semiconductor and various other restricted goods exports to Russia from China and Hong Kong, the two locations continue to remain transhipment hubs.
The Finance Ministry of China has announced that it is extending tariff exemptions for US products until February of 2025.
Reuters has reported that NVidia is preparing a new AI chip for the Chinese market that would comply with US export controls.
During the pre-market trading of Monday, US stock index futures surged, as the announcement by US President Biden was seen as positive for the markets. Namely, the US President has called off his candidature for the US Presidential election.
During Monday's trading, the stock price indices in Asia declined, despite an unexpected Chinese central bank rate cut.
The government of Thailand is set to introduce a new financial business law that is aimed at attracting new investment to the country.
The electronics maker Electrolux has managed to increase quarterly forecasts above market expectations. The surge in profits has occurred due to higher demand in the United States.
On Friday, stock prices around the globe declined, as an IT outage caused uncertainty. Moreover, central banks appeared to have decided to keep interest rates unchanged, instead of the expected cuts.
The Japanese core price index has revealed that price in June had increased by 2.6%, compared to June 2023. The data indicates that the Bank of Japan could hike interest rates.
The head of the International Monetary Fund Pierre-Olivier Gourinchas has told Reuters that recent data indicates that the US Federal Reserve does not have to rush to decrease interest rates.
Brokerage Charles Schwab has revealed that the firms has experienced a 2% decline in quarterly profits, in the second quarter of 2024.
The US nicotine product producer Philip Morris has announced plans to invest $600 million to expand production in Colorado. A new factory is set to produce Zyn nicotine pouches.
In June, United States import prices have remained at prior levels, as lower energy import costs have offset a surge in food prices.
The tech giant Google is aiming at buying the cloud security firm Wiz in an effort to increase its cloud services line. The acquisition could help the firm take on its rivals Microsoft and Amazon.