Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing number of
September 19, 2024Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing number of
September 19, 2024Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC
September 20, 2024Nippon Steel plans to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it
September 20, 2024European shares slipped on Friday after a rally in the previous session spurred by the U.S.
September 20, 2024The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signalling its confidence a solid economic recovery will allow the central bank to raise
September 20, 2024The European Central Bank is hoping for more cross-border bank consolidation to improve the valuation of lenders and efficiency in the sector, ECB Vice President Luis de Guindos
September 20, 2024Japan's Tokyo Metro and Rigaku on Friday kicked off the processes to launch a combined $3.1 billion in initial public offerings (IPOs) next month,
September 20, 2024British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed on Friday.
September 20, 2024Tight monetary policy coupled with a penny-pinching fiscal agenda usually results in currency appreciation, and sterling is surging on the prospect.
September 20, 2024Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to
September 20, 2024Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on
September 20, 2024European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry's problems has driven
September 20, 2024Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a
September 20, 2024As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the
September 20, 2024A look at the day ahead in European and global markets from Wayne Cole.
September 20, 2024U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note
September 20, 2024The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.
September 20, 2024Thailand need not reduce interest rates immediately after the Federal Reserve eased policy as its economic outlook remains unchanged,
September 20, 2024Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the dollar firmed as
September 20, 2024China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve
September 20, 2024The dollar strengthened against the yen on Friday, hitting its highest level in two weeks, after the Bank of Japan left interest rates
September 19, 2024Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.
September 19, 2024Republican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve's decision to cut interest rates by half of a percentage point was "a political move."
September 19, 2024Australia's central bank will keep its key policy interest rate unchanged on Tuesday and for the rest of the year amid elevated price pressures,
September 19, 2024Macy's said on Thursday it will hire more than 31,500 full and part-time employees for the upcoming holiday season - fewer than last year - as the U.S. department store gears up for a busy
September 19, 2024