News

Note: This section contains information in English only.
Tue, 17 Dec 2024 09:30:07 GMT

The Finance Minister of Canada resigns

Canadian Finance Minister Chrystia Freeland resigned on Monday after clashing with Prime Minister Justin Trudeau over foreign policy.

Tue, 17 Dec 2024 06:30:05 GMT

China's retail demand weakens

In November, China's retail sales increased by 3%, below the 4.6% forecast, as declining sentiment in the real estate sector highlighted the failure of Beijing's attempts to stimulate demand.

Tue, 17 Dec 2024 03:30:03 GMT

Shares in French broadcaster Canal+ drop after spin-off

Shares in French broadcaster Canal+ dropped nearly 16% in their London stock market debut on Monday.

Mon, 16 Dec 2024 21:30:04 GMT

Broadcom valuation reaches $1 trillion

Broadcom expects significant growth in AI chip demand, boosting its valuation to $1 trillion after a 21% rise in shares, with CEO projecting up to $90 billion revenue opportunity by 2027.

Mon, 16 Dec 2024 18:30:08 GMT

Business environment in Germany worsens

Germany's economy improved slightly in December, but business activity still shrank for the sixth month, while the services sector grew.

Mon, 16 Dec 2024 15:30:03 GMT

Wholesale inflation in India decreases

India's wholesale inflation slowed to 1.89% in November, driven by a smaller rise in food prices.

Mon, 16 Dec 2024 12:30:02 GMT

Moody's downgrade France

Moody's downgraded France's credit rating from "Aa2" to "Aa3," increasing pressure on the prime minister to address public finance issues.

Mon, 16 Dec 2024 09:30:03 GMT

Japan's manufacturing activity decreases

Japan's factory activity shrank for the sixth consecutive month in December, while the service sector continued to grow.

Mon, 16 Dec 2024 06:30:04 GMT

France has chosen a new prime minister

On Friday the 13th, François Bayrou, a centrist ally of President Macron, was appointed France's new prime minister.

Mon, 16 Dec 2024 03:30:03 GMT

Global equity funds see continuous inflows

Global equity funds saw inflows for the 11th consecutive week through Dec. 11, raising expectations for a third consecutive rate cut by the Federal Reserve.

Fri, 13 Dec 2024 18:30:03 GMT

Possible takeover of Tullow Oil in the future

Kosmos Energy is in early talks to acquire Tullow Oil in an all-share deal.

Fri, 13 Dec 2024 15:30:03 GMT

UK GDP drops for second month in the row

The UK economy unexpectedly shrank by 0.1% in October, the second month of negative growth in a row.

Fri, 13 Dec 2024 12:30:04 GMT

UK plans for Green energy investments

The UK plans to reform power grid legislation to increase annual investment through 2030, aiming to eliminate fossil fuels from electricity generation.

Fri, 13 Dec 2024 09:30:05 GMT

BoE asks businesses for information regarding their crypto exposure

The Bank of England's Prudential Regulation Authority has asked businesses to disclose their current and future cryptoasset exposures.

Fri, 13 Dec 2024 06:30:03 GMT

UK food exports decline

Exports of UK food to the EU have dropped by nearly £3bn a year since Brexit, according to CITP.

Fri, 13 Dec 2024 03:30:02 GMT

Trump set to meet Amazon founder

U.S. President-elect Donald Trump has stated that he will meet Jeff Bezos, the founder of Amazon, next week.

Thu, 12 Dec 2024 21:30:03 GMT

Tariff wars begin

Doug Ford, premier of Canada's largest province, threatened to cut energy exports to the U.S. in response to President-elect Donald Trump's 25 percent tariff threats.

Thu, 12 Dec 2024 18:30:03 GMT

Swiss regulator fines Leonteq AG

The Swiss Financial Market Supervisory Authority (FINMA) has fined the Leonteq financial group for improper risk management and has also ordered the return of CHF 9.3 million in profits.

Thu, 12 Dec 2024 15:30:04 GMT

Romania and Bulgaria granted full Schengen membership by EU

Romania and Bulgaria will become full members of the Schengen Area on 1 January 2025.

Thu, 12 Dec 2024 13:22:22 GMT

ECB cuts rates as expected

On December 12, 2024, the ECB made necessary changes to the Main Refinancing Rate. The Main Refinancing Rate was decreased by 0.25%. The new interest rate (MRO) is 3.15%.

Thu, 12 Dec 2024 12:30:03 GMT

Deutsche Bank and Crypto.com create a partnership

Deutsche Bank has partnered with Crypto.com as its corporate banking provider in Singapore, Australia, and Hong Kong, with plans for additional support and coverage in the future.

Thu, 12 Dec 2024 09:30:03 GMT

ADIDAS raided by German authorities

Adidas' German headquarters was raided on Tuesday as part of a years-long tax investigation for imported products between October 2019 and August 2024.

Thu, 12 Dec 2024 08:32:29 GMT

Swiss National Bank cuts rates

On December 12th, the Swiss National Bank decreased its interest rate by more than expected. The new interest rate for the Swiss franc is 0.50%.

Thu, 12 Dec 2024 06:30:03 GMT

BlackRock expands business opportunities

BlackRock announced plans to buy private credit firm HPS Investment Partners for around $12 billion, its third major acquisition this year.

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