For the first time since August, Chinese new energy vehicle sales have declined on a month on month basis. The new energy vehicle data mainly consists of electric vehicle sales data.
The Chinese government has removed the current Chairman of the China Securities Regulatory Commission Yi Huiman. The official is set to be replaced by Wu Qing.
The German firm Bosch has announced that it would move further in the future its 7% margin target. Moreover, the company is set to fire more employees than previously expected.
The stock price of Snap has erased 30% of its value. The drop has occurred due to the company failing to come close to market expectations for quarterly financial results.
The alcohol brand owner Diageo has announced that the company would rework its strategy in an effort to boost performance.
The price of Ford shares has increased due to the company announcing a $0.18 cent increase of it's per share dividend. Moreover, Ford announced a decrease in investment in electric vehicles.
The stock price of the Indian digital payment firm Paytm has jumped 10% due to media reporting that the CEO of the company had met with the country's Finance Minister and central bank representatives to solve regulatory issues.
The US National Highway Traffic Safety Administration has revealed that Honda Motor Corporation would recall 750,000 vehicles in the SU due to possible unintentional air bag deployment issue.
The Handelsblatt has revealed that Volkswagen intends to invest nearly 180 billion Euros in the period up to 2024.
The United States automaker General Motors has announced a recall of 323,323 vehicles due to a tailgate issue.
The ride-hailing firm Lyft has announced that it would guarantee weekly earnings for its drivers. The company intends to attract more drivers.
The Alphabet owned internet firm Google has named worst surveillance software rule offending firms and has called the US to regulate the use and sale of spy tools.
The Indian steel pipe producer Welspun Corporation has reported a twelve-fold increase in its quarterly profits, as demand has skyrocketed.
The largest Abu Dhabi real estate firm Aldar is set to invest $1.4 billion in the building of hospitality and commercial property.
Reuters has reported that various Big Tech and US Media sector companies are set to continue to announce firing of more employees, as the prior 2023 cost cutting continues on.
The European Central Bank has announced that Euro Zone consumers have decreased their inflation expectations for the next 12 months.
The top German bank Deutsche Bank has announced that it no longer expects a recession in the United States in 2024. However, note that despite this latest positive comment, the bank recently fired 3,500 of its employees.
The Vietnamese electric vehicle maker has announced a recall of almost 6,000 cars due to the need to replace a combination switch.
The obesity drug maker Novo Nordisk has announced that it would start buy back the company's shares in 2024. The total buy back would amount to $2.88 billion.
Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed that it has beat the last quarter expectations by posting a profit of $3 billion. Namely, the markets expected the energy company to perform even worse than it actually has.
On Tuesday, the Chinese stock indices recovered due to the markets turning positive, as the government of China renewed talks of stimulus.
The pharmaceutical company Bristol Myers has surprised the markets with higher than expected quarterly sales results. The good results were attributed to the new anemia drug Reblozyl and blood cancer drug Revlimid.
The stock price of AbbVie has surged due to the news that the company has experienced a better than expected last quarter of 2023. The high sales were caused by high Botox and Humira sales.
The major energy company ExxonMobil has surpassed its quarterly earnings expectations. The company ends the year with a total profit of $36 billion.