2023-01-08 16:17
The Argentine central bank has announced the expansion of a currency exchange deal with China, allowing Argentina to replenish its depleted foreign currency reserves.
Rebuilding re… Read More
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Daily business and finance news updates
2023-01-07 15:05
Google has launched a legal challenge in India’s Supreme Court to overturn a verdict by the country’s antitrust watchdog that will require the tech giant to change the way i… Read More
2023-01-06 11:18
The UN food agency’s price index hit a record high in 2022, driven by the disruption produced by Russia’s invasion of Ukraine and the resulting fears of food shortages.
The… Read More
2023-01-05 14:41
Samsung Electronics is expected to see quarterly profit plummet by 58% to its lowest level in six years, as a worldwide economic crisis saps demand for electronic products and clouds th… Read More
2023-01-04 11:32
New data shows that inflation in France fell below 7% in December, having reached a record high the previous month. The news adds weight to the argument that Europe is passing the… Read More
2022-12-27 16:19
The ruble has fallen almost 3% versus the dollar, failing to sustain a recovery from last week’s decline, as the market adjusts to the potential of weaker export earnings as a res… Read More
2022-12-23 19:46
The Canadian government posted a C$174 million ($127.91 million) budget deficit for the first seven months of the 2022/23 fiscal year, the country’s finance ministry has anno… Read More
2022-12-22 15:15
Japan Industrial Partners (JIP), the favored bidder to acquire Toshiba Corp, is expected to execute a credit arrangement with lenders for approximately 1.4 trillion yen ($10.6 billion) this… Read More
2022-12-21 15:29
The US current account deficit shrank significantly during the third quarter as exports reached a new high, according to figures released on Wednesday.
The Commerce Department reported… Read More
2022-12-20 14:54
Ryanair and the Irish pilots union have agreed to a four-year pay deal, which includes the immediate restoration of pay that was slashed to see the airline through the Covid-19 crisis… Read More
2022-12-19 13:04
Italy will water down previously announced plans to facilitate cash payments for goods and services, after after facing stiff opposition from European Union authorities and its own central b… Read More
2022-12-18 22:59
Newcrest Mining have announced that CEO Sandeep Biswas will retire after eight years leading Australia’s largest gold mining company.
Sherry Duhe, who joined the business in… Read More
2022-12-10 07:58
The UK signed a trade and investment agreement with South Carolina this week, its third such arrangement with a US state, and is exploring similar agreements with California and Utah, UK jun… Read More
2022-12-09 14:16
Jeremy Hunt, the British finance minister, stated on Friday that he did not want to see pay increases for public-sector employees that could slow the rate at which the government anticipates… Read More
2022-12-08 21:26
The former CEO of Wirecard, who oversaw the company’s development and spectacular fall two years ago, went on trial for fraud on Thursday, following a scandal that rattled German polit… Read More
2022-11-29 13:10
Airbus CEO Guillaume Faury says his company will have a clearer picture on 2022 deliveries by the end of November but the supply chain environment “remains very complex”.
Faury d… Read More
2022-11-28 12:48
Philip Morris International intends to delist Swedish Match from the stock market now that it controls enough of the company to trigger a mandatory redemption of remaining shares, Reuters re… Read More
2022-11-26 13:19
Cabinet undersecretary Alessio Butti has been given the authority to oversee Rome’s strategic initiatives on the development of high-speed broadband networks by Italian Prime Mini… Read More
2022-11-25 15:57
Adidas has announced it will investigate allegations of inappropriate behavior against Kanye West.
Adidas said it had received an anonymous letter containing multiple allegations a… Read More
2022-11-23 09:49
Singapore’s core consumer price index rose 5.1% in October, beating analyst forecasts and marking the first slowing in eight months, according to official statistics.
The&nbs&hell…Read More
2022-11-22 09:15
European Union justice commissioner Didier Reynders is set to meet with Twitter and Meta officials this week in Dublin, over concerns surrounding recent layoffs at the two social m… Read More
2022-11-21 20:23
French regulator Arcom has announced that it has written to Twitter, seeking reassurance it is able to fulfil its legal obligations following mass layoffs at the social media firm… Read More
2022-11-18 15:03
The president of the Bundesbank says the European Central Bank must continue to raise interest rates forcefully and should begin allowing its excessive holdings of government debt to mature… Read More
2022-11-17 10:13
Siemens’ share price has risen after the company’s fourth-quarter earnings surpassed expectations and it provided an optimistic prognosis about future industr… Read More
2022-11-16 10:05
Barclays has lowered their global economic growth prediction for 2023, citing the expectation of continued rises in inflation as the main reason for ‘restrictive&rs&hell…Read More
2022-11-15 20:41
Walmart has raised its yearly sales and profit forecasts, with demand for groceries remaining strong despite rising prices.
The retailer’s stock rose the most in two years as US consum… Read More
2022-11-14 15:57
Faraday Future Intelligent Electric has announced a financing package raising up to $350 million, as the electric-vehicle startup looks to roll out its long-awaited FF 91 luxury car.
The pac… Read More
2022-11-13 21:43
Bank of Japan Governor Haruhiko Kuroda has said that the central bank will continue with monetary easing policies for now in order to achieve sustainable and stable inflation and wage growth… Read More
2022-11-11 12:33
State-owned Italian bank Monte dei Paschi has reported a net loss for the third quarter, due to one-off charges arising from the decision to lay off some 20% of its workforce as part of rest… Read More
2022-11-10 15:24
Three policymakers at the European Central Bank have said the institution may need to further increase interest rates to a level that presents a risk to growth, claiming such a move is neces… Read More
2022-11-09 14:42
A report from Brazil’s economy ministry predicts a GDP growth range for the country in 2023 between 1.4% to 2.9%, putting the department at odds with analysts outside the government wh… Read More
2022-11-08 15:11
The European Union has backed a temporary relaxing of bank capital rules, along with delays to their full implementation.
The Basel III banking rules are aimed at strengthening capital reser… Read More
2022-11-07 13:56
Travel booking app Hopper has announced it has received a further $96 million investment from Capital One, adding to the $100m invested by the financial giant last year… Read More
2022-11-06 23:05
Facebook parent company Meta is reportedly set to lay off large numbers of employees this week, with an announcement possibly coming on Wednesday.
According to the Wall Street Jour… Read More
2022-11-05 19:01
The United Nations rights chief has urged Elon Musk to make respect for human rights central to Twitter’s policies, after the new owner sacked around half the social network’s em… Read More
2022-11-01 19:41
The United States and the United Arab Emirates have announced a $100 billion strategic alliance that aims to produce 100 gigawatts of sustainable energy by 2035.
US Secretary… Read More
2022-10-30 06:10
Russia has halted its participation in the deal brokered by the UN to secure grain shipments from Ukraine, citing a drone strike on its fleet in Crimea which it blamed on Ukrainian forc… Read More
2022-10-28 13:36
Chevron has reported a quarterly profit of $11.2 billion, its second-highest ever and beating analyst estimates by a significant margin.
The increase comes as oil corporations report growing… Read More
2022-10-27 08:23
The euro briefly fell below parity with the US dollar, after the decision from the European Central Bank (ECB) to raise interest rates. US data also showed that the largest economy in the wo… Read More
2022-10-26 14:04
BlackRock has raised $4.5 Billion out of an overall target of $7.5 billion for a new fund that will invest in infrastructure assets targeted at climate-focused projects, the asset manager ha… Read More
2022-10-25 13:51
Google have partnered with Israel’s Reichman University to establish a school offering training high-tech professionals, with a range of courses available in computer programming and a… Read More
2022-10-24 10:52
Japan is expected to approve an economic spending package worth as much as 26 trillion yen ($174 billion), aimed at protecting households and businesses from rapidly rising living costs.
Jap… Read More
2022-10-23 13:18
Saudi Arabia has launched an initiative to attract an initial 40 billion riyals ($10.64 billion) investment in supply chains to and from the kingdom, with plans to incentivize further invest… Read More
2022-10-22 10:13
Goldman Sachs have resolved a legal dispute with a former employee relating to his dismissal last year after making multiple whistleblowing reports.
The claim for unfair dismissal, brought b… Read More
2022-10-21 09:05
Elon Musk has said that he thinks a recession will last until the spring of 2024, responding to a question on Twitter.
The Tesla CEO had earlier this week blamed “a recession of sorts… Read More
2022-10-18 16:13
The US Federal Aviation Administration (FAA) has signed a Declaration of Cooperation with the Japanese Civil Aviation Bureau (JCAB), officially agreeing to partner on aircraft development an… Read More
2022-10-17 13:30
The European Commission is planning to propose a dynamic price cap for natural gas in the European Union but only as a “last resort”, according to a draft proposal that also reco… Read More
2022-10-16 22:09
Australian casino firm Star Entertainment Group has received a fine of A$100 million ($62 million), the maximum penalty possible, after an independent inquiry found it had failed to prevent… Read More
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