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World News
06:20am, Wednesday, Aug 21, 2024
Xiaomi Corp (OTC: XIACF) reports a 32% revenue surge in Q2, reaching 88.9 billion yuan ($12.46B), driven by its auto business and strong smartphone sales. Adjusted net income rose to 6.18 billion yuan, exceeding expectations, highlighting growth potential for traders.
04:15am, Tuesday, Aug 20, 2024
Search efforts continue for six missing after the sinking of the luxury yacht Bayesian near Sicily, including tech entrepreneur Mike Lynch. The incident raises concerns about maritime safety amid extreme weather patterns affecting the region.
07:12am, Tuesday, Aug 13, 2024
European stocks continue positive momentum. Stoxx 600 up 0.08%. UK wages grow 5.4%. Pound rises post-labor data. Inflation data awaited.
04:02am, Monday, Jul 22, 2024
Joe Biden's exit from the presidential race has shifted market dynamics, casting uncertainty on the so-called "Trump trade." Investors are reassessing strategies amid potential volatility, with a focus on Bitcoin, long-term US bonds, and sector-specific stocks.
03:26am, Wednesday, Jul 17, 2024
UK inflation remains steady at 2.0%, dampening hopes for a Bank of England rate cut next month. Key inflation drivers include rising hotel prices and steady services inflation at 5.7%. Rate futures now show a diminished one-in-three chance of a rate cut.
08:59am, Friday, Jul 12, 2024
Lufthansa (ETR: LHAG) slashed its 2024 EBIT forecast to €1.4-1.8 billion from €2.2 billion due to weaker airline performance, causing shares to dip 2.74% to €5.63. Q2 2023 adjusted EBIT fell to €686M from €1.1B, driven by lower average revenues, notably in Asia.
02:33am, Thursday, Jul 11, 2024
Fast Retailing, Uniqlo's parent company, sees a 29% Q3 profit rise, beating forecasts and raising its full-year outlook to 475 billion yen.
03:54am, Monday, Jul 08, 2024
The Bank of Japan (BOJ) notes wage hikes and price increases among small firms, indicating progress towards sustained 2% inflation. This trend, driven by labor shortages, could lead to an interest rate hike. May's average base pay rose 2.5%, the fastest in 31 years.
08:27am, Friday, Jul 05, 2024
Oil prices nearing their peak since April are set for a fourth week of gains due to strong summer demand and supply uncertainties. Brent crude is at $87.21 per barrel, and WTI stands at $83.79 per barrel. Supply cuts from Russia and high U.S. fuel demand support prices.
07:41am, Thursday, Jun 20, 2024
The Bank of England held its interest rate at 5.25%, its highest in 16 years, amidst economic uncertainty and political pressure. Despite inflation nearing the 2% target, BoE Governor Andrew Bailey emphasized the need for stability before cutting rates. Market reactions anticipate future rate cut...
03:07am, Wednesday, Jun 19, 2024
WestJet Airlines preemptively cancels 40 flights, impacting 6,500 passengers due to an imminent strike by 681 technical operations staff. With critical maintenance engineers set to strike, WestJet seeks resolution from the Canadian Industrial Relations Board to avert major disruptions.
03:53am, Monday, Jun 17, 2024
London’s stock market saw modest gains on Monday, with the FTSE 100 and FTSE 250 both rising 0.2% amidst anticipation of crucial economic reports. Key events include the consumer price index release and the Bank of England’s policy meeting. Notable stock movements: SSP Group fell 2.8%, while King...
06:07am, Wednesday, Jun 12, 2024
Germany's inflation rate rose to 2.8% in May, driven by a 3.9% surge in service costs, up from 2.4% in April. Core inflation remained steady at 3.0%. Energy prices fell by 1.1%, while food prices saw a modest 0.6% increase. The ECB continues to track inflation closely.
06:13am, Wednesday, Jun 05, 2024
The ECB will cut borrowing costs for the first time since 2019, ending its rapid rate-hiking cycle amid persistent inflation concerns.
04:16am, Wednesday, May 29, 2024
Recent studies reveal that Gen Z workers are the toughest to manage, even for their peers in managerial roles. Despite complaints about their work habits, companies prefer hiring millennials but continue to recruit Gen Z for their unique personality
08:53am, Sunday, May 26, 2024
Russia’s strategic consolidation of its grain market has amplified its control over global wheat supplies, escalating wheat prices. Following the exit of major Western agribusinesses, state-favored firms dominate 75% of exports, complicating data transparency and influencing food inflation.
09:41am, Friday, May 24, 2024
Tesla cuts output, and SEC's new rule allows ether ETFs. Learn about stock market movements and the latest updates in our today's insights.
06:30am, Friday, May 24, 2024
OPEC+ moves its output policy meeting to June 2, opting for an online format, while maintaining significant production cuts amid global demand concerns.
08:06am, Monday, May 20, 2024
Google will invest €1 billion in its Finland data center to boost AI growth, leveraging the region's renewable energy. Net zero emissions by 2030 planned.
06:39am, Monday, May 20, 2024
Asian stocks rally after US equities hit record highs, bolstered by strong corporate earnings and China's property market support. Investors eye key economic data and policy decisions this week.
07:04am, Friday, May 17, 2024
European stocks decline amid fluctuating Federal Reserve rate expectations, leading to a pullback from riskier assets. Traders remain cautious as they await more data on inflation and economic growth.
06:55am, Friday, May 17, 2024
China introduces an aggressive rescue package to rejuvenate its property sector, including relaxed mortgage rules and significant funding for local governments to purchase unsold homes. The initiative aims to stabilize the housing market and bolster economic growth.
05:54am, Friday, May 17, 2024
Swiss luxury group Richemont's shares rose 6% after reporting record full-year sales and naming Nicolas Bos as the new CEO, effective June 1.
05:23am, Thursday, May 16, 2024
China has sold a record $53.3 billion of US Treasuries and agency bonds in the first quarter, signaling a strategic diversification away from American assets amidst ongoing trade tensions.
04:40am, Wednesday, May 15, 2024
In a bold move, Brazil's President Lula has dismissed Petrobras CEO Jean Paul Prates following a dividend payment controversy, causing the company's shares to drop over 6%. Magda Chambriard is set to take the helm, signaling potential shifts in company strategy and governance.
06:33am, Tuesday, May 14, 2024
Sony sees a 7% drop in annual profits and misses PlayStation 5 sales targets for fiscal year 2023.
07:56am, Saturday, May 11, 2024
April sees China's consumer prices increase for a third month, indicating a recovery in demand amid economic challenges.
06:14am, Thursday, May 09, 2024
Launching May 15, 2024, Nio's new brand Onvo offers an affordable electric vehicle alternative in China’s competitive market.
01:57am, Thursday, May 09, 2024
Chinese stocks reach year-highs as property market reforms and strong trade data fuel economic optimism.
08:53am, Tuesday, May 07, 2024
U.S. stocks rise with hopes of early rate cuts; Fed comments on inflation; Apple announces new AI technology; oil prices remain steady.
08:06am, Monday, May 06, 2024
Steward Health Care System, the largest physician-owned hospital operator in the U.S., has filed for chapter 11 bankruptcy due to escalating financial difficulties, securing a $300 million bankruptcy loan to maintain operations across its 30 hospitals.
06:49am, Friday, May 03, 2024
Turkey's April inflation surged to 69.8%, with significant increases in education and hospitality prices, Central Bank holds rate at 50%.
08:22am, Thursday, Apr 25, 2024
Apple falls to third in China as Honor and Huawei lead, despite its price cuts. Shipments drop 6.6%, marking a significant downturn.
08:48am, Wednesday, Apr 24, 2024
The U.S. Senate has advanced a bill requiring TikTok's parent company, ByteDance, to divest its stake or face a ban, aiming to address national security concerns.
07:32am, Wednesday, Apr 24, 2024
Ship traffic through the Suez Canal has decreased by two-thirds due to disruptions in the Red Sea caused by regional conflicts.
06:58am, Wednesday, Apr 24, 2024
A Russian court has seized JPMorgan Chase funds as VTB seeks to recover $439.5 million blocked due to sanctions. The legal battle intensifies with cases in both Russian and U.S. courts.
06:57am, Wednesday, Apr 24, 2024
Kering shares fall after warning of a 40-45% drop in H1 profit, as Gucci struggles in a tough luxury market.
05:47am, Tuesday, Apr 23, 2024
Despite recent rebounds, JPMorgan cautions that the stock market may face additional declines, driven by enduring inflation, high equity valuations, and shifting expectations regarding Federal Reserve rate cuts.
