News

Note: This section contains information in English only.
Wed, 16 Oct 2024 21:30:08 GMT

Analysts expect SGD rate cut

In the aftermath of the recent decision to keep policy unchanged, markets have started to expect that the Singapore monetary policymakers will cut interest rates in January.

Wed, 16 Oct 2024 18:30:04 GMT

Chinese exports miss expectations

Chinese exports have continued to decline for a fifth month in a row, as a sharp decline has been reported for September, as manufacturers have reduced prices to export more inventory.

Wed, 16 Oct 2024 15:30:05 GMT

Europe does not buy high end EVs

The CEO of Rentual Luca de Meo has revealed that the firm has benefited from the bet on low-cost hybrid vehicles instead of high-end electric vehicles, as the firm's hybrid sales have increased by 55% during the first half of 2024.

Wed, 16 Oct 2024 12:30:05 GMT

NHTSA investigates Ford cars

The US National Highway Traffic Safety Administration is investigating nearly 39,000 Ford Flex cars for a probable rearview camera failure.

Wed, 16 Oct 2024 09:30:04 GMT

Chinese stimulus brings hope to real estate

Chinese real estate analysts have commented that the recently announced government stimulus measures are giving hope to the struggling local real estate sector.

Wed, 16 Oct 2024 09:09:59 GMT

TSMC profits are set to jump

The Taiwanese Semiconductor Manufacturing company is expected to announce a 40% profit surge on Thursday, as market analysts attribute most market demand to be met by the firm.

Wed, 16 Oct 2024 03:30:04 GMT

German union conflicts with Tesla

The German labour union IG Metall has accused Tesla management for aggressive actions against worker unionisation, as the firm has fired one of the union's representatives.

Wed, 16 Oct 2024 03:15:04 GMT

Kashkari comments on rate cuts

The President of the Minneapolis Federal Reserve Neel Kashkari has revealed that he expects the Federal Reserve to do more modest rate cuts in the future, as the 2.00% inflation target has almost been reached.

Tue, 15 Oct 2024 21:30:04 GMT

Petrobras partners up with Vale

The Brazilian state run oil company Petrobras has partnered up with mining firm Vale in a new carbon emission reduction program.

Tue, 15 Oct 2024 18:30:04 GMT

S&P books new high

US stock indices have reached new all-time high levels, as the S&P 500 and Dow Jones index have both booked new record levels.

Tue, 15 Oct 2024 15:30:04 GMT

Google buys power from Kairos

The Alphabet daughter company Google is set out to buy more power for AI needs from a nuclear reactor company, named Kairos.

Tue, 15 Oct 2024 12:30:03 GMT

Waller comments on rate cuts

The Governor of the US Federal Reserve Christopher Waller has recently stated that the recent higher US inflation and labour data has made the Federal Reserve more cautious in their policy approach.

Tue, 15 Oct 2024 09:30:04 GMT

Nvidia catches up to Apple

The US tech firm Nvidia stock price is once again approaching all-time high levels, as it appears to be close to passing Apple as the top valued company.

Tue, 15 Oct 2024 06:40:52 GMT

Boeing prepares for layoffs

The US aeronautics firm Boeing has announced that it is preparing to notify approximately 17,000 employees that they would be laid off, as recent strikes have caused financial turmoil for the company.

Tue, 15 Oct 2024 03:30:04 GMT

Markets invest in Chinese metals

The most recent comments made by the Chinese government have caused a surge of the stock prices of Chinese copper and iron ore firms.

Mon, 14 Oct 2024 21:30:04 GMT

Global trade is expected to grow

The World Trade Organization has announced that global trade might increase by 3.00% in 2025, unless the conflict in the Middle East escalates.

Mon, 14 Oct 2024 18:30:03 GMT

Dominos reports lower demand

Domino's Pizza has reported a lower than expected increase in sales, as the firm claims that demand has been declining.

Mon, 14 Oct 2024 15:30:04 GMT

Fed might cut 25 points

In the aftermath of recent US inflation data releases, the markets expect the Federal Reserve to cut interest rates by 0.25% instead of 0.50%.

Mon, 14 Oct 2024 12:30:06 GMT

BMW and Mercedes sales decline

Due to weak demand and high competition in China, BMW and Mercedes have suffered a decline in sales.

Mon, 14 Oct 2024 09:30:04 GMT

Air India buys new jets

As demand has continued to grow, Air India has bought new 85 Airbus aircraft. Moreover, the firm intends to buy additional Boeing jets.

Mon, 14 Oct 2024 08:39:04 GMT

ECB might slow down easing

Information on ECB accounts has revealed to the world that the European central bank might back down on its plans to continue on the monetary easing policy, as inflation might return.

Mon, 14 Oct 2024 03:30:05 GMT

Delta comments on travel

The US airlines Delta Air Lines has announced that due to lower travel demand, it expects lower quarterly earnings.

Fri, 11 Oct 2024 16:30:03 GMT

Starboard Value buys Pfizer stock

It has been revealed that the activist investor group Starboard Value has built up a $1 billion stake in Pfizer.

Fri, 11 Oct 2024 13:04:11 GMT

US PPI causes a minor USD dip

The publication of the US Producer Price Index has caused a minor increase in volatility. In general, the PPI showed a reading of 0.00% instead of 0.1%, which caused a minor dip of the US Dollar.

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