Shares of leading Asian automakers tumbled for a second straight session following former President Donald Trump’s latest comments on imposing steep tariffs on foreign-made vehicles. Companies like Nissan, Kia, and Subaru saw declines of up to 3% as traders braced for potential disruptions in U.S. trade relations. Trump, who has previously advocated for aggressive trade […]
European markets are poised for a bullish opening on Monday, with key indices expected to rise. IG forecasts indicate the FTSE 100 will open 14 points higher at 8,667, while Germany’s DAX could jump 83 points to 22,966. France’s CAC 40 is likely to gain 9 points, and Italy’s FTSE MIB may surge by 171 […]
China has pledged to further open its markets to foreign businesses as top global CEOs gathered at the China Development Forum in 2025. The forum, held annually in Beijing, provides a platform for dialogue between Chinese policymakers and international business leaders. Chinese Premier Li Qiang announced a series of measures aimed at improving the business […]
The US dollar gained strength on Thursday after the Federal Reserve signaled it would not rush to cut interest rates, despite slowing economic growth and persistent inflation. The Fed’s decision to hold rates steady at 4.25% to 4.5% has reinforced the dollar’s position as a safe-haven currency. Fed Chair Jerome Powell reiterated the central bank’s […]
Hanwha Aerospace, a major player in South Korea’s defense and aerospace sector, saw its shares drop nearly 15% on Thursday following the announcement of a rights issue. The company plans to raise capital to fund expansion and reduce debt, but investors reacted negatively to the potential dilution of shares. The rights issue allows existing shareholders […]
European markets displayed mixed trading on Thursday as investors focused on monetary policy decisions from the Bank of England, Swiss National Bank, and Sweden’s Riksbank. The Stoxx 600 index rose 0.12%, with the UK’s FTSE 100 gaining 0.35% and France’s CAC 40 falling 0.2%. The Stoxx 600 has now posted gains for four consecutive days […]
Nike, the world-renowned sportswear brand, has reported its steepest revenue drop in five years, driven by stagnant consumer demand and increased competition. The company’s 2025 financial results highlight a challenging period, with sales declining in major markets such as North America and Europe. Industry experts point to changing consumer preferences and economic uncertainties as key […]
Asia-Pacific markets displayed mixed performance on Thursday following decisions by the U.S. Federal Reserve and China’s central bank to keep interest rates unchanged. Australia’s S&P/ASX 200 climbed 1.02%, while South Korea’s Kospi rose 0.28%, and the Kosdaq gained 0.55%. In contrast, Hong Kong’s Hang Seng Index dropped 1.36%, and mainland China’s CSI 300 slipped 0.17% […]
Hino Motors, a subsidiary of Toyota, has been ordered to pay $1.6 billion in penalties for its role in a massive emissions fraud scheme. The scandal, which involved falsifying emissions data for diesel engines, has shaken the automotive industry and raised questions about corporate accountability. Investigations revealed that Hino Motors had been manipulating emissions tests […]
2025 is shaping up to be a landmark year for global markets, with China’s financial sector emerging as a frontrunner, leaving Wall Street in its shadow. This shift comes as the U.S. economy faces headwinds, including inflationary pressures and a slowdown in consumer spending. China, on the other hand, has doubled down on its commitment […]