News

Note: This section contains information in English only.
Wed, 01 May 2024 21:30:08 GMT

Strike ends at Stellantis

It has been revealed by Reuters that the strike that has shut down three Stellantis factories is set to end and production would restart in early May.

Wed, 01 May 2024 18:30:04 GMT

Air France posts higher losses

The airline Air France- KLM has reported higher than expected quarterly losses, as the firm has faced higher costs.

Wed, 01 May 2024 18:09:34 GMT

US Federal Reserve announces Fed Funds Rate

US monetary policy makers, who decide upon the supply of the US Dollar, have just announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected.

Wed, 01 May 2024 15:30:04 GMT

Stellantis misses forecast

The electric vehicle maker Stellantis has missed its quarterly revenue expectations by revealing a 12% drop in the earnings.

Wed, 01 May 2024 12:30:04 GMT

IMF supports Pakistan

The International Monetary Fund is set to disburse $1.1 billion in an effort to help the Pakistani economy.

Wed, 01 May 2024 10:12:53 GMT

Amazon will plummet at market open

Last night, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak.

Wed, 01 May 2024 09:30:04 GMT

Chinese economic activity slows down

Data for April has revealed that Chinese services and factory activity has slowed down their growth. The economy has continued to grow, but at a slower pace than previously.

Wed, 01 May 2024 06:30:04 GMT

McDonalds misses expectations

The US restaurant chain McDonalds has revealed that due to the Middle East boycotts it has missed its quarterly revenue forecasts.

Wed, 01 May 2024 03:30:04 GMT

US consumers lose confidence

Latest data from the Confidence Board has revealed that Consumer Confidence in the United States has decreased to 97.0. Moreover, the prior reading has been downwards revised to 103.1.

Tue, 30 Apr 2024 18:30:04 GMT

Caterpillar warns about sales

The US machinery production firm Caterpillar has revealed that it expects sales to decline in the next fiscal quarter due to weakening demand.

Tue, 30 Apr 2024 15:30:04 GMT

Barclays reports not-so-bad earnings

The banking group Barclays has reported a 12% decline in quarterly profits. However, the stock of the bank has surged, as markets expected a broader income decline.

Tue, 30 Apr 2024 12:30:04 GMT

AstraZeneca surpasses forecasts

UK pharmaceutical giant AstraZeneca stock has experienced a surge due to the firm reporting a quarterly revenue increase of 19.00%.

Tue, 30 Apr 2024 09:30:05 GMT

Chinese firm reveals new EV battery

The Chinese electric battery maker CATL has revealed a new LFP battery that promises to increase electric vehicle range to 1,000 km.

Tue, 30 Apr 2024 06:30:03 GMT

Consumers choose between two product classes

Danone and Nestle have reported that consumers around the world are either buying premium or cheap class products, as demand for middle segment has been dropping.

Tue, 30 Apr 2024 03:30:04 GMT

LG Display suffers losses

Screen producer LG Display has returned to losing money, as the firm has reported a financial loss of the first quarter of the year. The firm has been hit by weakening demand for TVs and smartphones.

Mon, 29 Apr 2024 21:30:06 GMT

South Korea passes growth expectations

The Gross Domestic Product for South Korea in the first quarter of 2024 has surpasses market expectations. The economy has grown by 1.3%, compared to the forecast 0.6% growth.

Mon, 29 Apr 2024 18:30:04 GMT

Hyundai experiences lower sales

In the first quarter of 2024, Hyundai has suffered due to weak sales in South Korea. The firm's quarterly profits have declined by 2.4%.

Mon, 29 Apr 2024 15:30:04 GMT

BHP wants to buy Anglo American

A major deal is being done in the mining sector. The BHP Group has revealed that it would like to acquire Anglo American for a total of $38.8 billion. These news caused a surge of the AAL stock, as BHP intends to pay a 31% premium on current stock price.

Mon, 29 Apr 2024 12:30:05 GMT

Biden makes deal with Micron

President of the United States Joe Biden has decided to grant Micron Technology a grant for up to $6.14 billion that would allow the firm to build two new factories in the United States.

Mon, 29 Apr 2024 09:30:04 GMT

AT&T passes expectations

The US telecom firm has managed to pass Wall Street analyst expectations for new subscriber growth. More people have bought up the firm's high end unlimited plans.

Mon, 29 Apr 2024 06:30:05 GMT

Tesla stockholders battle Musk's pay

Investors of Tesla, who sued against Musk's $56 billion pay has asked Delaware judges to keep the case in the state, as Musk has tried to move his legal home to Texas.

Mon, 29 Apr 2024 03:30:04 GMT

HSBC comments on US market

Chief Executive Officer of HSBC Michael Roberts has recently stated in an interview that wealthy clients from China and Hong Kong are investing in the US markets, despite recent decline.

Fri, 26 Apr 2024 21:30:08 GMT

Boeing reports revenue decline

For the first time in seven quarters, Boeing has experienced a decline in quarterly revenues, as the firm has had to delay its plane deliveries. The company experienced quality issues with production during the first part of 2024.

Fri, 26 Apr 2024 18:30:04 GMT

US court supports Starbucks

United States Supreme Court has indicated that it is supporting Starbucks in its objection to a judge's order to rehire seven employees that pushed for employee unionization.

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