Bank regulators of Singapore have fined Credit Suisse with a fine of 3.9 million SGD for a failure to detect and prevent relationship manager misconduct.
The Chinese electric vehicle producer BYD has revealed that it has received a level 3 autonomous driving test licence that allows it to test cars on high-speed roads.
Reuters has reported that Amazon, Home Depo, Walmart and IKEA suppliers have all had to reroute theirs shipping from the Red Sea due to the risks of an attack and seizure of vessels by the Houthis. The rerouting has created additional costs that are expected to increase prices.
In an effort to ensure economic recovery, the Chinese government has revealed in its report on next five-year plan aims to increase domestic demand.
The US Department of Energy has announced that it has replenished the Strategic Petroleum Reserve with a total of three million barrels.
Industrial profit statistics for China have revealed that in November the sector has experienced a profit surge of 29.5%.
In November, Toyota Motors increased production by 11% and reached a record production of 926,573 vehicles.
Maersk and CMA CGM have announced that they would increase shipping through the Suez Canal, as the US has implemented efforts to stop Houthi attacks on commercial ships.
Market analysts have commented that Tesla is set to reach a new record of electric vehicle production in 2023. However, the company is unlikely going to reach the 2 million target set by Elon Musk.
The Financial Times have compiled data revealing that the top twenty global banks have fired 61,905 employees during 2023, as the banks have tried to increase profit margins.
The Indian stock index Nifty 50 has reached a new all-time-high level. During Wednesday's trading, the index approached the 21,600.00 mark.
The prices for iron ore have reached a ten-month high, as Chinese stimulus efforts have increased demand in the country's struggling real estate market. The real estate market is the main consumer of iron.
Bloomberg has revealed that Tesla intends to launch a new version of the Model Y in 2024.
Reuters has reported that Wall Street analysts have reduced their earnings expectations for Chevron, as the oil company has been experiencing operational setbacks.
The government of Israel has granted Intel $3.2 billion for the creation of a new chip plant. The total costs of the plant amount to $25 billion.
During Wednesday's trading, European and Chinese stock indices surged, as gains were attributes to global interest rate cut expectations.
The South Korean electronics giant Samsung has announced that it would invest $280 million in a new facility in Japan that would research new chip packaging.
Due to a potential airbag issues, Toyota has announced the recall of 1.12 million cars that have been produced from 2022 up to 2022.
The Wall Street Journal has reported that the United States administration has been evaluating additional tariffs on Chinese produced electric vehicles. The spread of the news is bound to impact the price of Tesla stock.
The news of a safety scandal at Daihatsu and a major vehicle recall have caused a decline of the stock price of Toyota.
Due to high demand for cybersecurity services the Canadian firm BlackBerry has reported higher than expected quarterly earnings results.
Reuters has published a report indicating that most of global banks no longer expect a recession in the United States in 2024.
Pilots of Southwest Airlines have managed to negotiate a $12 billion five-year contract. However, details of the deal are kept confidential.
The recent decline of crude oil prices has been caused by the US Energy Information Administration revealing that the US has increased its inventories by 2.9 million barrels. These news offset prior concern over disruption caused by the Houthis in the Red Sea.