News

Note: This section contains information in English only.
Thu, 22 Dec 2022 06:30:12 GMT

HSBC stops funding oil and gas

HSBC has announced that the bank would request client information about plans for carbon emission reduction and stop funding new gas and oil fields.

Wed, 21 Dec 2022 15:30:11 GMT

Goldman stops making consumer loans

Reuters has revealed that Goldman Sachs intends to stop giving out unsecured consumer loans, as the bank steps away from its retail business.

Wed, 21 Dec 2022 12:30:08 GMT

United Airlines orders Boeing 787

The US airline United Airlines has ordered 100 Boeing 787 Dreamliner airplanes, as the carrier intends to grow and replace older and less efficient aircraft.

Wed, 21 Dec 2022 09:30:08 GMT

Chrysler recalls trucks

The parent company of Chrysler is set to suffer losses due to a recent recall of 1.4 million pickup trucks that was done due to a tailgate issue.

Wed, 21 Dec 2022 06:30:09 GMT

Morgan Stanley hedges Chinese reopening

The US bank Morgan Stanley has recommended investors to hedge investments into the potential reopening of the Chinese economy, as rising COVID cases have reportedly hampered economic activity.

Tue, 20 Dec 2022 14:30:10 GMT

Berkshire sells BYD shares

Stock exchange filings have revealed that the Warren Buffet's fund Berkshire Hathaway has sold 1.33 million of BYD shares for a total value of $34.43 million.

Tue, 20 Dec 2022 12:30:11 GMT

Bank of England comments on economy

The Bank of England has issued a warning that inflation and borrowing cots are set to create significant pressure on businesses and households.

Tue, 20 Dec 2022 09:30:09 GMT

China invests in domestic chips

The Chinese government intends to invest more than $143 billion subsidy of its semiconductor industry in an effort to counter the recent US export bans.

Tue, 20 Dec 2022 06:30:09 GMT

US government consults partners on chips

The United States have revealed that the government had consulted with its allies in regards to the tightening of chip exports to China.

Mon, 19 Dec 2022 15:30:09 GMT

Chinese companies suffer due to COVID

Chinese companies have increased measure to reduce the impact of the coronavirus on operations, as infection rates have surged in the aftermath of the cancellation of the government zero-tolerance policy.

Mon, 19 Dec 2022 12:30:10 GMT

Apple investment in Japan reaches milestone

The total investment of Apple in Japan has reached above the $100 billion mark, over the span of the last five years.

Mon, 19 Dec 2022 09:30:09 GMT

Nestle launches facility in Ukraine

Despite the ongoing war, Nestle has decided to invest 40 million CHF in the opening of a new factory in Ukraine.

Mon, 19 Dec 2022 06:30:07 GMT

Asian battery makers invest in Hungary

Reuters has revealed that over the past decade various Asian car battery makers have invested in production in Hungary, which would serve German carmakers.

Fri, 16 Dec 2022 14:30:08 GMT

SEC overhauls stock market

The United States Securities and Exchange Commission has decided to propose big changes to the US equity market structure. The reform has been reported to be the largest in two decades.

Fri, 16 Dec 2022 12:30:07 GMT

US import prices drop

In November, United States import prices decline by 0.6%. However, prices have remained up 2.7% compared on an annual basis.

Fri, 16 Dec 2022 09:30:06 GMT

Subaru recalls vehicles

Subaru has announced a recall of 271,000 vehicles. The 2019-2021 Ascent sport utility vehicle model has been reported to have high fire risk.

Fri, 16 Dec 2022 06:30:07 GMT

US intends to ban TikTok

US Senator Marc Rubio has announced new legislation proposal that would ban the Chinese social media app TikTok due to concerns over censorship and espionage.

Thu, 15 Dec 2022 15:30:06 GMT

US blocks Chinese companies from trade

Bloomberg has reported that the US administration intends to add more than 35 companies to a trade block that would ban them from acquiring US components.

Thu, 15 Dec 2022 13:17:00 GMT

European Central Bank hikes rate

The European Central Bank has just now hiked its Main Refinancing Rate and has published its Monetary Policy Statement. The base interest rate has been hiked from 2.00% up to 2.50%.

Thu, 15 Dec 2022 12:30:06 GMT

US restricts Huawei from banking

US legislators have introduced a new law, which forbids the Chinese company Huawei from accessing US banking services.

Thu, 15 Dec 2022 12:06:42 GMT

Bank of England announces policy

The Bank of England has hiked its Official Bank Rate by 0.50%. The official rate has been increased from 3.00% up to 3.50%. Meanwhile, the way how the central bank policymakers voted has caused a decline of the Pound. 

Thu, 15 Dec 2022 10:28:37 GMT

Musk sells Tesla stock

The CEO of Tesla and owner of Twitter Elon Musk has revealed a $3.6 billion sale of Tesla stock. The latest sale of shares has brought the total sold amount to $40 billion.

Thu, 15 Dec 2022 09:30:06 GMT

ASML CEO questions chip export rules

The CEO of the Dutch semiconductor equipment producer ASML Holding NV Peter Wennink has stated to NRC Handelsblad that the Dutch should not adapt US chip export restrictions that are aimed at China.

Thu, 15 Dec 2022 09:13:45 GMT

Swiss National Bank hikes interest rate

The Swiss National Bank has hiked the CHF base interest rate from 0.50% up to 1.00%. The event has caused a decline of the Swiss Franc's value.

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