News

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Wed, 03 Jul 2024 21:30:04 GMT

ANZ has to repay customers

The Australian and New Zealand Banking Group has been forced by the Banking Code Compliance Committee to repay $2.19 million to representatives of customers that have been impacted by ANZ's practices of charging deceased customers.

Wed, 03 Jul 2024 18:30:03 GMT

Qatar Airways increases profits

This week, Qatar Airways revealed a 39% increase in annual net profits, as the firm has profited $1.67 billion in the financial year that ended on March 31.

Wed, 03 Jul 2024 15:30:04 GMT

Tesla sales decline in China

The sales of Tesla's China-made EVs have declined in June by 24.2%, compared on an annual basis with June of 2023.

Wed, 03 Jul 2024 14:27:44 GMT

String of US data beats down the USD

Throughout Wednesday's trading, the US Dollar has been declining due to a string of worse than forecast or at forecast data.

Wed, 03 Jul 2024 12:30:03 GMT

Ferrari launches new hybrid program

In an effort to save value of its cars, Ferrari has announced two warranty extension schemes that would allow hybrid owners to replace batteries at the eight and sixteenth year of the car's life.

Wed, 03 Jul 2024 09:30:05 GMT

Ryanair traffic increases

In June, Ryanair has experienced a passenger traffic increase of 11%, which has put the firm's passenger turnover at a record high of 19.3 million.

Wed, 03 Jul 2024 06:30:04 GMT

US construction experiences decline

In May, United States Construction Spending had suddenly declined, as high mortgage rates appear to have decreased family home building.

Wed, 03 Jul 2024 03:30:04 GMT

Japanese Minister comments on weak Yen

The Finance Minister of Japan Shunichi Suzuki has stated that authorities were watching the currency markets for sharp moves, as the Yen has continued to decline.

Tue, 02 Jul 2024 21:30:04 GMT

Samsung Electronics workers go on strike

A union of workers of Samsung Electronics has called a strike that is set to last from July 8 up to July 10. The union demands transparent system for pay bonuses and time off.

Tue, 02 Jul 2024 18:30:04 GMT

Williams comments on US inflation

Head of the Federal Reserve Bank of New York John Williams has commented this week that he is confident that the United States are on the path of returning to 2.00% inflation.

Tue, 02 Jul 2024 15:30:03 GMT

Morgan Stanley increases NVDA price target

The major US bank Morgan Stanley has increased its NVidia price target from $116.00 up to $144.00 per share.

Tue, 02 Jul 2024 13:25:43 GMT

Tesla beats expectations, stock price surges

The stock price of Tesla has extended the Monday's 6.05% surge by jumping at the start of Tuesday's trading. US trading session was started above the $220.00 mark.

Tue, 02 Jul 2024 12:30:04 GMT

Boeing buys Spirit Aero

In an effort to deal with quality issues, the US jet maker Boeing is set to buy Spirit AeroSystems. Boeing had sold the company 20 years ago and now is buying it back.

Tue, 02 Jul 2024 09:30:05 GMT

Sanofi invests in Germany

The Handelsblatt has reported that the French pharmacy firm Sanofi plans to invest up to 1.5 billion EUR in a production plant near Frankfurt.

Tue, 02 Jul 2024 06:30:04 GMT

Meta faces EU lawsuit

Financial Times has reported that the Facebook owner Meta is set to be charged in the EU with breaking EU's digital rules.

Tue, 02 Jul 2024 03:30:04 GMT

Crude oil prices are impacted by demand

This week, crude oil prices surged, as the markets were reported to be expecting higher demand during the upcoming summer months.

Mon, 01 Jul 2024 21:30:04 GMT

WestJet union ends strike

The engineer union of the Canadian airline WestJet has announced that it has reached an agreement with the airline and the strike has ended.

Mon, 01 Jul 2024 18:30:04 GMT

Tesla deliveries continue to decline

Reuters has reported that surveyed market analysts are expecting another quarterly decline in Tesla deliveries.

Mon, 01 Jul 2024 14:08:14 GMT

US ISM Manufacturing PMI impacts the markets

The United States Institute for Supply Management has published its Purchasing Managers Index survey results. Results are worse than expected, which is causing a decline of the US Dollar.

Mon, 01 Jul 2024 11:44:34 GMT

Euro Zone manufacturing activity declines

Purchasing Managers Index data for June has revealed that manufacturing activity has decreased in the European economic block.

Mon, 01 Jul 2024 07:24:36 GMT

US charges Boeing

United States authorities have announced that they would criminally charge Boeing for fraud in the two cases that investigated airplane crashes.

Fri, 28 Jun 2024 11:13:01 GMT

Fisker recalls vehicles

The electric vehicle maker Fisker has announced the recall of more than 8000 vehicles due to an issue with exterior doors.

Thu, 27 Jun 2024 21:30:04 GMT

Federal Aviation Administration issues new directive

The US FAA has adopted a new directive that would force 13 Boeing airplanes to be grounded for repairs. The FAA has received reports of structure cracks around the lavatory service panel.

Thu, 27 Jun 2024 18:30:03 GMT

US oil imports reach new high level

In May, crude oil imports into the United States have reached a record high not seen since July 2022. The US imported 3.1 million barrels per day. Moreover, imports have remained around the 3.0 million barrel mark throughout June.

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