Boeing shares tumble as parts issue halts deliveries of some 737 MAXs
Boeing Co’s (BA.N) shares fell 6 per cent in premarket trading on Friday after the US planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem ...
Japan approves $13.5 bln Osaka resort, country’s first casino
Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to ...
Twitter taps eToro to let users trade in stocks, crypto
Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable ...
ECB needs more rate hikes and faster balance sheet cuts, Wunsch says
The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying scheme to complement further ...
Bankrupt crypto exchange FTX has recovered $7.3 billion in assets
Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at ...
Japan convening panel on digital yen as BOJ pilot scheme gets underway
Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting ...
Pizza firm DP Eurasia delivers profit rise, evaluating Russian business
DP Eurasia (DPEU.L), which runs the Domino’s Pizza brand in Turkey and Russia, said on Wednesday it was weighing options for its Russian business after reporting a rise ...
Turkey’s cenbank urges banks to avoid creating forex demand, bankers say
Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, and to instead focus on ...
Ukraine’s GDP fell 29.1 per cent in 2022 during Russia’s invasion
Ukraine’s gross domestic product (GDP) fell by 29.1 per cent in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesday.
The final 2022 GDP ...
Britain’s Tesco expects flat annual profit after inflation hit
Britain’s biggest retailer Tesco (TSCO.L) forecast flat profit in its new financial year, stemming the 6.3 per cent decline from 2022/23 when soaring inflation battered customers and suppliers alike.
With ...
ECB policymakers converging on 25-bps rate hike in May
European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, ...
Strikes weigh on UK economy which stagnated in February
Britain’s economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less ...
Mercedes posts rise in Q1 sales boosted by EVs, premium cars
Mercedes-Benz Group (MBGn.DE) sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday.
Worldwide sales ...
Truck maker Volvo posts record Q1 as sales, margins beat forecasts
AB Volvo (VOLVb.ST) reported record first-quarter profit, a preliminary filing showed, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation, sending its shares ...
LNG imports test EU resolve to quit Russian fossil fuel
Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG).
...
US proposes to slash EV mileage ratings to meet fuel economy rules
The US Energy Department (DOE) on Monday proposed reducing electric vehicles’ (EV) mileage ratings to meet government fuel economy requirements, a move that could force automakers to sell more low-emissions ...
Gold gains on softer dollar as traders await US inflation data
Gold prices advanced on Tuesday after falling over 1 per cent in the previous session, as the dollar eased ahead of key US inflation data.
Spot gold was up 0.5 per cent ...
Credit Suisse job cuts must be frozen, bank employees leader says
Credit Suisse (CSGN.S) and UBS (UBSG.S) must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in ...
UK retailers report Mother’s Day boost in March
British retailers reported a boost in spending from Mother’s Day purchases in March, during an otherwise downbeat sales period when cost of living pressures and unusually wet weather kept ...
Egypt’s headline inflation rate increased to 32.7 per cent in March
Egypt’s annual urban consumer inflation rate in March climbed to 32.7 per cent year-on-year, just shy of an all-time record, from 31.9 per cent in February, data from the country’s ...
The credit crunch the Fed fears may already be taking shape
Jeffrey Haley, the CEO of American National Bank and Trust Company, saw the crunch coming at the start of 2023.
Rising interest rates and a slowing economy to him meant that ...
Global PC shipments slide in first quarter, Apple takes biggest hit
Global shipments of personal computers (PCs) fell by 29 per cent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking ...
InPics: Hainan well prepared for forthcoming China consumer products expo
The third China International Consumer Products Expo (CICPE) will be held from April 10 to 15 in Haikou, capital of the southern tropical province of Hainan. All the preparations for the event ...
Corona beer maker Constellation sees 2024 profit above estimates on price hikes
Constellation Brands Inc (STZ.N) forecast its full-year profit above Wall Street estimates, benefiting from price increases aimed at combating elevated costs and strong demand for its high-end beer brands.
...