The joint venture between FRIWO and the Indian UNO MINDA Group, launched two years ago to provide electric propulsion solutions for two- and three-wheeled vehicles in India, is now operating at full capacity following the production ramp-up in 2023 at their shared facility south of New Delhi. Currently, six out of the seven leading producers … Read more
A rare day without gains for Nvidia shareholders. On Thursday, investors took some profits off the table after the super rally following the Q2 results and the chip news over the weekend, causing the market value to dip below the $3 trillion mark. However, the performance since 2000 is unparalleled. Sporting a T-shirt, black leather … Read more
A barrel (159 liters) of North Sea Brent crude for July delivery was priced at 83.22 US dollars. This was 12 cents more than the previous evening. The price for a barrel of the American West Texas Intermediate (WTI) variety, meanwhile, rose by about one dollar to 78.88 dollars. However, due to the holiday, this … Read more
The management and workers’ committee of Ford Almussafes commenced consultations this morning regarding a new Employment Regulation File (ERE) at the Valencia plant, which is set to be the largest in the factory’s history. Despite this, Ford Almussafes proposes a new ERE without specifying any layoffs and plans to extend the Temporary Employment Regulation File … Read more
Acciona’s shares are trying to regain momentum after last Friday’s sharp decline when the company revised down the earnings forecasts for its renewable energy subsidiary. By mid-morning, the shares rose by 1.21%, reaching 117.40 euros within an IBEX 35 that is up 0.22% at the same time, following a 7.12% drop in its last session. … Read more
The Nifty 50 index saw a positive start on Monday, May 27, with a slight increase of 0.21%, reaching 23,005 points after opening. This marks a turnaround from the previous session, where the index dropped by 1.64%, indicating the market’s recent struggle to establish a consistent trend. Over the past week, the Nifty 50 has … Read more
At midday, the Bitcoin price saw an upward trend. As of 12:26 PM, Bitcoin’s value increased by 1.47%, reaching $67,282.47, up from the previous day’s $66,309.34. Meanwhile, Bitcoin Cash experienced a decline. At 12:25 PM, the Bitcoin Cash price dropped by 1.08%, landing at $479.62, compared to $484.85 the previous day. Ethereum, on the other … Read more
In the first quarter, the net earnings of Germany’s largest companies have decreased. The auto industry, with a significant multi-billion-dollar drop, is primarily responsible. However, one sector stands out positively. Stagnation in Germany and minimal growth in Europe are reflected in the financial statements of major publicly traded companies: According to Handelsblatt calculations, the 40 … Read more
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