The European Central Bank is almost certain to raise interest rates again on Thursday and forecast further hikes in the coming months, with the size of the hikes in doubt. The ECB has been raising rates at a record pace…
ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app in history, according to a UBS study (SIX:UBSG) published on Wednesday. The…
Deutsche Bank, the first private bank in Germany, obtained in 2022 a net attributable profit of 5,025 million euros, 159% more than in 2021 and the highest result for fifteen years, despite the increase in provisions and positive tax effects.…
Japan’s Sony Group Corp on Thursday raised its full-year profit forecasts by 1.7 percent, thanks to strong results from its PlayStation gaming unit, but fell short of analysts’ estimates. The electronics and entertainment giant also said its chief financial officer,…
Spain’s stock market opened on Thursday with a rally to its highest levels in 15 months as markets welcomed comments from the Federal Reserve that point to a near end to the tightening cycle of financial conditions in the United…
Shell said on Thursday it posted a record profit of $40 billion in 2022, capping a tumultuous year in which Russia’s invasion of Ukraine allowed the energy giant to distribute shareholders unprecedented returns. The British company’s record annual profits, which…
Spanish bank Santander said on Thursday its 2022 net profit rose 18 percent to a record 9.605 billion euros ($10.600 billion), thanks to increased lending, though results were overshadowed in the fourth quarter as provisions more than doubled due to…
Siemens Gamesa lost 884 million euros in the first quarter of its fiscal year 2023 (October to December), doubling the 403 million it had lost in the same period of 2022, affected by the failures detected in the monitoring of…
2022 is over, and we’re now making our way through the early stages of 2023. It’s a time when many industries will look back and reflect on the previous twelve months to see how well they did and how they…
Nissan and Renault are about to undertake a sweeping overhaul of their global auto alliance as their top executives meet on Thursday to try to readjust the two-decade-old alliance and chart the course for an uncertain future in the power…
The Ibex-35 It ended Wednesday’s session with a slight decline, after a bullish streak that brings the Spanish stock market index closer to its best monthly performance in more than two years, in a context of relative optimism about the…
The dollar gave ground against the euro on Wednesday in a day of poor trading, as investors were hesitant to make big bets ahead of meetings of central banks next week, including the Federal Reserve and the European Central Bank.…
Joachim Nagel and Gabriel Makhlouf, policymakers at the European Central Bank, said on Wednesday they would not be surprised if interest rates continued to rise in the second quarter, following two hikes planned for February and March. The ECB has…
An index of global stock markets fell from five-month highs on Wednesday and U.S. Treasuries rose as corporate results stoked recession fears, overshadowing recent optimism that the Federal Reserve could soon reverse its aggressive monetary tightening. The bleak outlook for…
U.S. crude inventories rose last week as fuel demand declined, and while the rise was smaller than expected, U.S. crude stockpiles petroleum touched their highest level since June 2021, the Energy Information Administration (EIA) said Wednesday. Crude inventories rose by…
Pfizer’s updated bivalent COVID-19 vaccines (NYSE:EFPInc/BioNTech SE and Moderna helped prevent symptomatic infections with XBB omnin subvariants, according to an analysis by the U.S. Centers for Disease Control and Prevention released Wednesday. The analysis revealed that the updated vaccine, targeting…
Most U.S. Treasury yields fell in a choppy session on Tuesday as investors await next week’s Federal Reserve policy meeting expected to announce a 25 basis point increase in the interest rate. Debt yields rose earlier in the session and…
Oil prices fell on Tuesday amid concerns about a slowing global economy and the expected build-up of U.S. inventories. At 1746 GMT, the Brent crude It was down $1.36, or 1.5 percent, at $86.83 a barrel, while the West Texas…
The United States has determined that some Chinese companies are providing non-lethal aid to Russia for use in the Ukraine war and authorities are conveying their concerns to the Chinese government, a source familiar with the matter said on Tuesday.…
European stock markets fell on Tuesday as improving economic activity in the euro zone fuelled speculation that the European Central Bank may have more room to raise interest rates to curb inflation. The pan-European index STOXX 600 It lost 0.2%…
The U.S. Justice Department filed a lawsuit on Tuesday against Alphabet’s Google, for alleged abuse of dominant position in the digital advertising business, according to a court document. “Google has used anti-competitive, exclusionary and illegal means to remove or severely…
The head of the International Atomic Energy Agency (IAEA), Rafael Grossi, told the European Parliament on Tuesday that no military equipment was found after inspecting Ukrainian nuclear power plants, denying the Russian accusation. Grossi’s remarks came a day after Russia’s…
Spain’s selective closed in positive territory on Tuesday after a day of indecision, as investors digested macroeconomic data from the euro area and its possible impact on the monetary policy of the European Central Bank (ECB). Prudence was also evident…
Celebrities’ lives have always been at the top of the newspaper headlines. Their fans have the right to know every detail of their favorite celebrity. And the stars know that the more you indulge with people, the more your show…
Sébastien Loeb broke the Dakar Rally record on Saturday with six straight stage wins, while reigning champion Nasser Al-Attiyah of Qatar came close to winning his fifth title in the car category. Frenchman Loeb, a nine-time world rally champion, took…
Iran has executed a British-Iranian national who was deputy defense minister, the judiciary said on Saturday, defying London’s calls for his release after being sentenced to death on charges of spying for Britain. London, which had declared the case of…
Israeli soldiers killed two Palestinian gunmen in the West Bank on Saturday in what witnesses described as a skirmish triggered by an army raid near a troubled town. In and around Jenin, military raids have intensified following a wave of…
Fever cases and emergency hospitalizations for COVID-19 have peaked in China and the number of patients hospitalized for the disease continues to decline, a health official said on Saturday. Across the country, “the number of patients coming to clinics for…
Thousands of Indonesians demonstrated in Jakarta on Saturday to protest against the labour reform presented by the government as harmful to workers’ rights and the environment. The protesters called on parliament to review and reject the labor reform, presented last…
A group of experts from the Financial Action Task Force (FATF) will travel next Monday to Morocco, where for three days they will evaluate the measures implemented by the Government of the Maghreb country to leave the “gray list” of…
The French Prime Minister, Élisabeth Borne, was willing on Saturday to introduce changes in the controversial pension reform during the parliamentary process of the government project. “There will be a parliamentary debate, which is a framework in which the project…
The Government has extended to January 31 the deadline to apply for aid from the Comprehensive Plan to Promote the Social Economy (PERTE) for the generation of an economic, inclusive and sustainable fabric, which expired this Saturday, according to the…
Qatari Energy Minister Saad al-Kaabi said Saturday that it was “very, very unfair” for some Western countries to tell African countries not to invest in petroleum and gas, something “needed for the world.” “On investments, it’s very, very unfair for…
Diesel, the demand to reduce VAT, generational renewal and the agreement with Morocco stand out among the challenges of 2023 for the Spanish fishing sector, within a calendar full of dates and important legislative reforms. The fleet has started the…
The market for computers, including desktops, laptops and workstations, has left behind the ‘boom’ of the coronavirus pandemic after registering a drop in shipments in 2022 that is around 16%, according to figures published by the consultancies IDC, Gartner and…
Crypto lender Nexo had its offices raided in Bulgaria on Thursday, in what is the latest cryptocurrency fight with the law. Nexo’s offices were raided by more than 300 police and prosecutors as part of a large-scale investigation into organized…
The average price of rental homes reached a historical record in almost all the autonomous communities at the end of 2022 and in four of them there was an increase of more than 14% year-on-year, according to data from the…
Peruvian President Dina Boluarte on Friday night asked for “forgiveness” for dozens killed in protests in recent weeks; and a mission of the Inter-American Commission on Human Rights (IACHR) urged the cessation of violence in the country, which, he said,…
The sectoral vice president of Economy of Venezuela, Tareck El Aissami, invited on Friday some 120 countries that participated in the Summit of the Voice of the Global South to invest in the Caribbean nation to “develop the energy potential…
U.S. Treasury Secretary Janet Yellen will travel to Senegal, Zambia and South Africa over the next two weeks in a bid to strengthen U.S. ties with Africa, which has long been the hub of Chinese trade and investment. Yellen, 76,…
BlackRock Inc posted fourth-quarter profit falling on Friday as slumping global markets pressured fee income and assets under management fell in an uncertain economic environment. On an adjusted basis, the world’s largest asset manager earned $1.36 billion, or $8.93 per…
European markets in green -Ibex 35, CAC 40, DAX…-, after a data of CPI in the United States that has given wings to the experts in the face of bets on the next Rate hike of the US Federal Reserve…
As the new year rolls and we leave 2022 behind, a year marked by notoriously bearish global markets, the question hanging in the air is: What will 2023 look like? What are the prospects for 2023 for investors around the…
Oil prices rose on Friday and were on track to gain more than 7 percent for the week on solid signs of demand growth in China, the world’s top crude importer, and expectations of less aggressive U.S. interest rate hikes.…
The price of gold It topped the key $1,900 on Friday, reaching its highest level since late April, after a surprise decline in U.S. consumer prices boosted bets on a slowdown in Federal Reserve interest rate hikes. Spot gold was…
Imports of soybean China’s rose 19% in December compared with a year earlier, customs data showed on Friday, as buyers stocked up on beans to ease supply shortages at the world’s top oilseed importer. China imported 10.56 million tonnes of…
Global stock markets hit one-month highs on Friday on signs inflation was slowing, while the yen jumped to seven-month highs and Japanese bond yields beat the central bank’s target as investors tested their commitment to their expansionary monetary policy. European…
Spanish inflation slowed to close 2022 at 5.7 percent thanks to lower energy price rises, the National Institute of Statistics said on Friday, down slightly from 5.8 percent two weeks ago. The INE, as the institute is known, attributed the…
German economic output likely stagnated in the final quarter of last year and grew 1.9 percent for the full year 2022, the Federal Statistical Office said on Friday, suggesting Europe’s largest economy could escape a recession during the winter. The…
European stock markets advanced on Friday, nearing nine-month highs, thanks to rising health stocks and unexpected growth in Britain’s economy in November, as investors awaited results from big U.S. banks. The pan-European index STOXX 600 was up 0.2% at 08.11…
Tesla has sharply lowered the prices of its electric vehicles in the United States and Europe, the automaker’s website shows, extending a new aggressive pricing strategy after missing Wall Street delivery estimates. U.S. price cuts, announced late on Thursday U.S.…
A representative of China’s immigration office said on Friday that 1.35 million people have applied for passports and visas for Hong Kong and Macau since Jan. 8, when the country opened its borders after three years. “The number of applications…
Spain’s main stock market opened higher for a fourth day on Friday, on track for a second straight weekly gain amid anticipation for U.S. monetary policy following the moderation of inflation in December. The US CPI data released on Thursday…
Martins Kazaks, a member of the European Central Bank’s Governing Council, rejects investors’ bets that the ECB will cut interest rates later this year, saying a deep recession would be needed to reduce borrowing costs. Money markets expect the ECB…
Russia wondered on Thursday whether Sweden had “anything to hide” about the explosions that hit Nord Stream gas pipelines last year, while criticizing Stockholm for failing to share information in ongoing investigations into the explosions. Foreign Ministry spokeswoman Maria Zakharova…
Orange will apply on March 12 a rise of two euros per month to all its fiber rates and five euros for those that include its football package before “the current economic situation of generalized increase in costs”, according to…
The Spanish stock market extends the gains of the opening to 0.62%, pending the publication of US inflation in December, a figure that will be decisive in the monetary policy of the US Federal Reserve (Fed). Fifteen minutes after the…
The Chairman of Redeia (group that integrates Red Eléctrica), Beatriz Corredor, said on Thursday that in the first six months of validity of the gas cap Spain has guaranteed between 2% and 3.5% of the electricity supply of France and…
Taiwan Semiconductor reported EPS of $1.82 in the fourth quarter, $0.04 better than expected, as EPS of $1.78 was expected. Revenue for the quarter was $19.93b, against a forecast of $20.38b. Taiwan Semiconductor shares closed at $81.78, up 27.94% over…
The Government has assured that it will put “all the means at its disposal” to support the project chosen by the judge to keep Abengoa with the aim of guaranteeing the viability of the new company once the Commercial Court…
Asset managers Amundi and Reichmuth will co-invest up to 265 million euros in a new vehicle from Spain’s Alantra, which aims to raise a total of 1.7 billion euros to invest in photovoltaic solar parks, the three companies said in…
European markets could open the session positive, judging by the movement of futures at this time. The future of the Dax up 0.3%, the future of the Cac 40 0.3% is recorded and the future of the Ibex 35 It…
The Bank of Japan will review the spillover effects of its monetary easing at policy meetings next week and may take additional steps to correct distortions in the yield curve, the Yomiuri newspaper reported on Thursday. Last month, the Bank…
The Bank of Japan will review the spillover effects of its monetary easing at policy meetings next week and may take additional steps to correct distortions in the yield curve, the Yomiuri newspaper reported on Thursday. Last month, the Bank…
Oil prices were mostly flat on Thursday, giving up gains made earlier in the day, as optimism about China’s demand outlook was tempered by caution over upcoming U.S. inflation data. The Brent crude It was trading flat at $82.67 a…
The European Central Bank expects to continue raising interest rates “significantly” at future meetings, at a sustained pace, to ensure inflation returns to the 2 percent target over the medium term, ECB monetary policy chief Pablo Hernandez de Cos said…
The annual rate of Consumer inflation China’s slowed up in December, buoyed by rising food prices, even as domestic demand faltered despite constrained economic activity. Economists expect inflation to pick up further in the first quarter of 2023. December’s consumer…
Goldman Sachs began laying off staff on Wednesday in a wide-ranging cost-cutting campaign, about a third of which came from the investment banking and global markets division, according to a source familiar with the matter. The long-awaited Wall Street titan’s…
Investors will be watching today for inflation data in the United States, one of the thermometers of the US Federal Reserve (Fed) when defining its monetary policy. Today we also highlight data from the economic bulletin of the European Central…
The U.S. dollar traded virtually flat in Europe on Wednesday, with risk sentiment on the upside but with attention focused on the release of this week’s all-important U.S. inflation data. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks…
Markets are trading yesterday’s statements by Jerome Powell, chairman of the US Federal Reserve (Fed). The petroleum Falls. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider today when making their decisions: 1. Markets…
There is no indication of a de-anchoring of market expectations for inflation, European Central Bank monetary policy chief Robert Holzmann said on Wednesday in slides accompanying a speech he gave at a Euromoney conference on Central and Eastern Europe. “There…
Spain’s main stock index opened on Wednesday as a market reluctant to take risky positions until recent U.S. inflation developments. After an intervention that clarified few things from the chairman of the Federal Reserve (Fed), Jerome Powell, the eyes are…
China’s central bank stepped up its liquidity injection on Wednesday, offering new funds to the banking system for the first time this year to help meet seasonal demand for cash ahead of the long holidays. The People’s Bank of China…
The French economy is holding up better than expected and the prospect of a “hard landing” should be avoided, European Central Bank member and Bank of France Governor Francois Villeroy de Galhau said on Wednesday. “Activity in France is showing…
The Bank of Japan’s (BOJ) 2% inflation target can be modified to make it a “range” or range in order to maintain monetary policy flexibility amid possibly higher inflation compared to pre-COVID times, Sayuri Shirai, a former member of the…
German energy company RWE (ETR:RWEG_p) announced Wednesday that it will begin demolishing a former settlement to expand an open-pit lignite mine and urged protesters to end a sit-in that has highlighted tensions over climate policy. Demonstrators, many wearing masks or…
Chinese state media on Wednesday defended retaliatory measures against South Korea and Japan for their COVID-19 travel restrictions as “reasonable”, while Chinese tourists denounced Seoul’s “insulting” treatment on social media. China reopened its borders on Sunday after three years of…
The growth of Google’s Android ecosystem is poised to stall in India because of an antitrust order requiring the company to change the way it markets the platform, the U.S. company said in a Supreme Court appeal seen by Reuters.…
The textile multinational Fast Retailing (TYO:9983The owner of clothing store chain Uniqlo announced Wednesday that it plans to increase the annual wages of its workers in Japan by up to 40 percent in order to reduce the wage gap with…
The main index of the Tokyo Stock Exchange, the Nikkei, rose 1.03% on Wednesday in its fourth consecutive day of increases, due to the contained tone of the central bank of the United States (Fed), which eased concerns about rate…
In his opinion, the evolution of the European banking sector in 2022 has not fully discounted “the improvement in the profit prospects” of the banks of the Old Continent, which “is still not largely rewarded”. In his assessment, the consensus…
Crude oil futures fell during the Asian session on Wednesday. On the New York Mercantile Exchange, Crude oil futures for delivery in February they were trading at 74.44 US dollars a barrel. At the time of writing they are falling…
South Korea registered in 2022 its highest volume of job creation in two decades thanks to the economic recovery after the break generated by the pandemic, according to the Korea Bureau of Statistics. The year 2022 closed with the creation…
Peru imposed a three-day curfew on Tuesday in the Puno region bordering Bolivia, where a policeman was burned to death by a mob after 17 civilians were killed in protests the previous day, the most violent after the ouster of…
With such widespread connectivity, the need for a trusted and secure digital ledger of transactions across supply chains is paramount. Check websites like quantum-ai-trading.com to utilize the best trading strategies to make your bitcoin trades profitable. That is where Bitcoin…
Saudi Arabia announced that it is considering increasing its investments in Pakistan to 10,000 million dollars and thus increase the volume of its aid in support of the economy of that country, Riyadh’s main non-Arab ally, and whose economy is…
The Seoul Stock Exchange closed virtually flat today, as its benchmark index, the Kospi, rose 0.05%, on a day marked by new doubts about the direction of the US Federal Reserve’s monetary policy. The South Korean benchmark advanced 1.12 points…
The Japan Stock Exchange closed higher on Tuesday; Sector gains mining, Transportand Precision instruments pushed indexes higher. At the close of Tokyo, the Nikkei 225 It rose 0.78%. The best value of the session in the Nikkei 225 was TOTO Ltd. (TYO:5332), up 8.64%, 395.00 points, to 4.00 at the…
The European Union leads the development of technologies for the use of hydrogen, with 28% of patents registered between 2011-2020, followed by Japan, with 24%, and within the Old Continent the heavyweights are Germany (11%), France (6%) and the Netherlands…