It has been revealed by Reuters that Boeing intends to raise $15 billion in additional financing that would be used to get through the ongoing crisis.
Due to a decline of sales in China, the producer of Ray-Ban, EssilorLuxottica, has not met the market analysts expectations for quarterly earnings.
As reported by Reuters, the energy giant BP has been evaluating the sale of its stake in offshore wind business.
It has been revealed that most of the increases in US Retail Sales have been caused by lower petrol prices. Lower gas prices have allowed consumers to spend more at bars and restaurants, which are included in the Retail Sales index.
The Verge has reported that Meta has fired Instagram and WhatsApp employees. The firm has replied to the reports that Meta is conducing changes to allign with long term goals.
For the first time in ten months, in September, exports from Japan have declined, as the country has shipped less to China and the United States.
The foodstuff firm Nestle has announced a revamp of its management due to the firm having to reduce its 2024 sales expectations. Namely, the company has made less profit than it was expected at the start of the year.
Due to the persevering strength of the US Dollar, investors have continued to short Asian currencies, as reported by Reuters.
The Wall Street Journal has reported that the consulting firm McKinsey is set to reform its business in China and fire nearly 500 employees.
For a sixth month in a row, the Australian employment market has continued to surpass analyst forecasts, as the employment rate remains steady. The most recent government data publication caused a rebound of the value of the Australian Dollar.
The Finish telecom giant Nokia has reported that it has experienced a 9% increase in quarterly operating profit, as the firm has succeeded in cutting costs.
The computer semiconductors firm ASML has announced this week that it is reducing its 2025 financial expectations, as the firm observes a weakness in the market.
Due to reporting lower than expected quarterly financial results, the stock price of LVMH has experienced a decline over the week.
The asset managements firm Blackstone intends to invest $8.2 billion in data centres in the Spanish region of Aragon.
Walgreens Boots Alliance has announced that it is set to shut down 1,200 stores over the period of the next three years.
The third quarter profits of Bank of America have passed market expectations, as investment banking fee income has increased by 18%, compared to the same period in 2023.
Analysts have revealed that Netflix subscriber growth must have slowed down, as the gains from a recent password sharing crackdown are expected to have subsided.
The results of a poll done by Reuters have revealed that economists expect the Chinese economy to grow by 4.8% during 2024, which is less than the officially set target.
Global electric vehicle sales in the world increased by 30.5% in September, compared to the same month a year prior. The most demand has been observed in China.
The CEO of BMW Oliver Zipse has stated that in effort to stop the European Union's reliance on Chinese battery supply chains, the EU has to cancel its planned 2035 ban on fossil fuel engines.
On the 17th of October the European Central Bank has decided to cut its Main Refinancing Rate, which is the base rate for all Euro debt. The rate has been reduced from 3.65% to 3.40%, as expected by market analysts.
The telecommunication firm Ericsson has revealed that it has observed an increase of demand for telecom equipment. Due to the higher demand, the firm has earned more in the third quarter of 2024.
The Caixin Global report has revealed that in order to boost the local economy, the Chinese government could add nearly $850 billion to sovereign debt.
This month, investor optimism has experienced the highest jump since June 2020, when the Federal Reserve implemented monetary easing.