Uneven Economic Indicators but Favorable Inflation Data Economic indicators have been showing mixed signals. However, favorable inflation data this week has significantly increased the likelihood of two interest rate cuts by the end of the year. Despite this, a new record high for gold prices remains within reach. John Williams, the President of the New … Read more
Chinese electric vehicle manufacturer BYD has introduced its latest model, the ‘Shark,’ a medium-sized hybrid pickup truck, marking its first launch outside of China. The announcement was made on Tuesday, alongside the news of a new manufacturing plant to be established in Mexico. Stella Li, the regional director of BYD Americas, made the announcement during … Read more
In a notable downturn, the price of West Texas Intermediate (WTI) crude oil closed on Wednesday with a decline of 3.6%, reaching $79 per barrel, marking its lowest level in the past seven weeks. At the close of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts set for June delivery fell by … Read more
Frankfurt’s Deutsche Bank has witnessed a slight increase in its share value, currently priced at €16.74, up from €16.66 at the previous close. This marks a positive shift after some periods of sideways movement, indicating a potential upward trend for the bank’s shares. Today, Deutsche Bank ranks 23rd with a modest increase of 0.49% in … Read more
Oil prices saw a modest increase in early trading on Tuesday. A barrel (159 liters) of North Sea Brent crude for June delivery was priced at $87.36 in the morning, marking a rise of 36 cents from the previous day. Meanwhile, the price for a barrel of West Texas Intermediate (WTI) from the US climbed … Read more
Unilever’s announcement is part of a growth action plan that includes cutting about 7,500 jobs worldwide and saving around 869 million USD. The hygiene and food giant Unilever announced on Tuesday that it is spinning off its ice cream business, which includes the popular U.S. brand Ben & Jerry’s, as well as Magnum and Cornetto. … Read more
The frenetic activity of Bitcoin is steering it towards its most significant monthly gain in over three years, putting it on the verge of reaching a historic high, amid investor interest in exchange-traded funds (ETFs) of the digital currency. The largest cryptocurrency by market capitalization was stable on Thursday morning in Asian markets, at $61,100, … Read more
Hyundai Motor is reportedly considering an initial public offering (IPO) for its Indian unit, aiming to raise at least $3 billion. While the IPO plan for Hyundai Motor India is still in the early stages and not finalized, it could potentially become India’s most substantial stock market offering, with a valuation ranging from $25 billion … Read more
In the December quarter of 2023, Apple reported a revenue of $69.7 billion for its iPhone sales, marking a 6% increase compared to the same period the previous year. The tech giant achieved all-time revenue records in various countries and regions, including Latin America, Western Europe, the Middle East, Korea, India, and Indonesia. Luca Maestri, … Read more
Bhutan has emerged as the primary beneficiary of grants and loans from the Indian government, securing ₹6,541.79 crore during the fiscal year 2023-24. Following the presentation of the interim budget for 2024 by Union Finance Minister Nirmala Sitharaman, it was revealed that Bhutan surpassed other nations in receiving financial support from India. The allocation from … Read more