Category Archives:
Global equity funds see significant outflows as investors book year-end profits
(Reuters) - Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays. The...
Dec 22, 2023
Tesla to recall over 120,000 vehicles in US – NHTSA
(Reuters) -Tesla is recalling 120,423 vehicles in the U.S. over the risk of cabin doors being unlocked during a crash, the country's road safety regulator said on Friday, days after announcing another...
Dec 22, 2023
British fintech Revolut revenue jumps, profit tumbles in 2022
By Elizabeth Howcroft and Andres Gonzalez LONDON (Reuters) -Fintech Revolut's revenue rose to a record 923 million pounds ($1.1 billion) in 2022, helped by interest income growth, but net profit fell ...
Dec 22, 2023
Nike shares falter as weak consumer spending prompts forecast cut
(Reuters) - Shares of Nike slipped 11% on Friday, a day after the sportswear giant cut its annual revenue forecast and laid out a $2 billion cost-saving plan, signaling a strategy shift in favor of gr...
Dec 22, 2023
Spain’s Q3 GDP expanded 0.3% from previous quarter – final data
(Reuters) - Spain's gross domestic product growth slowed down slightly in the third quarter, though it showed more resilience than in neighboring countries, final data showed on Friday. The economy ex...
Dec 22, 2023
Japan banks scramble to beef up asset management business amid govt reform push
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -The Japanese government's reform push for the country's $5 trillion asset management industry has sparked a series of action plans from top Japa...
Dec 22, 2023
China’s BYD to build new energy vehicle production base in Hungary
BEIJING (Reuters) -Chinese electric vehicle giant BYD is to build a new energy vehicle production base in Hungary, it said on Friday. The new facility to be built in Szeged, southern Hungary is expect...
Dec 22, 2023
Japan cuts spending for first time in 12 years in 2024/25 budget
By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) - Japan announced a cut in overall spending for the first time in 12 years in its fiscal 2024/25 budget, amid speculation the central bank may...
Dec 22, 2023
China’s Geely warns Red Sea attacks to delay Europe-bound EV shipments
SHANGHAI (Reuters) - Chinese automaker Geely warned on Friday its EV sales are likely to be impacted by a delay in deliveries due to the "situation" in the Red Sea, where Yemeni militants are attackin...
Dec 22, 2023
European shares fall as technology, sportswear makers slide
(Reuters) - European shares fell on Friday, dragged by technology and sportswear makers, as investors assessed the potential disruption from Red Sea attacks on global trade and awaited key U.S. inflat...
Dec 22, 2023
Peoria, IL, USA
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