The Reserve Bank of India (RBI) has cut its policy rate for the first time in nearly five years, reducing the repo rate by 25 basis points to 6.25%. The decision, announced by the new central bank governor, aims to stimulate economic growth amid slowing global demand and domestic challenges. “This rate cut reflects our […]
Volvo Cars has delivered a strong financial performance for 2024, with profits rising by 15% compared to the previous year. The automaker’s success is fueled by growing demand for its electric vehicles and strategic cost management. However, the company is now considering relocating some of its operations to mitigate the impact of rising tariffs. CEO […]
A.P. Moller-Maersk, one of the world’s largest shipping companies, has delivered a stellar earnings report, surpassing analyst predictions and sending its stock price up by 10%. The impressive results come despite ongoing challenges in global trade, including geopolitical tensions and supply chain disruptions. The company’s ability to navigate these hurdles was driven by a combination […]
While global markets rallied on strong earnings and policy expectations, major tech stocks like Alphabet and AMD faced significant losses. Wall Street Sees Mixed Reactions as Tech Stocks Decline Wall Street ended the session on a positive note despite turbulence in the tech sector. The S&P 500 advanced 0.4%, the Dow Jones Industrial Average surged […]
PepsiCo has issued a lower-than-expected annual profit forecast, attributing the decline to weak demand for its soda and snack products. The company’s latest financial outlook highlights the challenges facing the consumer goods sector, including changing consumer preferences and economic pressures. The beverage and snack giant reported a 4% drop in quarterly revenue, with soda sales […]
In a swift recovery, Bitcoin’s price ascended to $99,000 after President Donald Trump announced a delay in implementing 25% tariffs on imports from Mexico and Canada. The cryptocurrency had earlier declined to $91,229 amid a weekend selloff driven by tariff concerns. The postponement has alleviated immediate economic uncertainties, prompting investors to re-enter the market. Experts […]
Citigroup (Citi) is standing firm on its hybrid working policy, even as many of its competitors push for a full return to the office. The global banking giant has announced that it will continue to allow employees to work remotely part-time, citing improved productivity and employee morale. While companies like JPMorgan and Goldman Sachs have […]
Vodafone has reported a significant decline in its German market performance during the third quarter, with revenue dropping by 3.5% year-over-year. The telecommunications giant attributed the downturn to increased competition, regulatory pressures, and a loss of 120,000 mobile customers. Germany is Vodafone’s largest market, and the poor performance has raised concerns among investors and analysts. […]
Switzerland’s UBS Group reported a net income of $770 million for the fourth quarter of 2024, significantly surpassing analyst expectations of $483 million. The bank also revealed a $3 billion share buyback program for 2025, exceeding the anticipated $2.2 billion. This repurchase will be conducted in two stages: $1 billion in the first half and […]
Amid intensifying trade tensions, China declared it will implement tariffs between 10% and 15% on various U.S. products starting February 10. The affected items encompass coal, liquefied natural gas, crude oil, agricultural equipment, and specific vehicle categories. In tandem, China has commenced an antitrust investigation into Google and introduced export restrictions on essential minerals vital […]