Tag: innovation

Orsted expects 2025 operating profit to match 2024 levels, after cutting investment plans to strengthen finances in a challenging market.

Published on: February 06, 2025, 10:00 AM UTC

Indonesian President Prabowo Subianto's populist measures aim to boost economic growth to 8%, despite concerns over budget deficit and sustainability.

Published on: February 06, 2025, 09:02 AM UTC

Gold demand surges as central banks and investors seek safe haven amid escalating tariffs

Published on: February 06, 2025, 08:02 AM UTC

Trump's policies on trade, immigration, and foreign aid have failed to address the economic concerns of voters. Instead, he should declare war on food inflation, target housing affordability, and address the insurance crisis.

Published on: February 06, 2025, 08:02 AM UTC

Asian shares are mostly up as Wall Street rallies on earnings reports. Japan's Nikkei 225 gained 0.5%, Australia's S&P/ASX 200 surged 1.2%, South Korea's Kospi edged up 0.7%, Hong Kong's Hang Seng rose 0.8%, and the Shanghai Composite added 1.0%. In Japan, Honda Motor stock pared some gains after talks of a joint venture unraveling. Meanwhile, Nissan shares recovered. On Wall Street, the S&P 500 rose 0.4%, the Dow Jones Industrial Average added 0.7%, and the Nasdaq composite gained 0.2%. Toymaker Mattel jumped 15.3%, while Alphabet sank 7.3% amid concerns about its cloud business. Uncertainty about tariffs hangs over the global economy, but trade war concerns have eased after Trump gave reprieves to Mexico and Canada. Yields in the bond market fell due to weaker growth in U.S. services businesses.

Published on: February 06, 2025, 07:04 AM UTC

The Bank of England is poised to cut interest rates to a record low as Brexit fears and global economic headwinds take their toll.

Published on: February 06, 2025, 07:04 AM UTC

Hedge funds are seeking exemptions from some ESG reporting requirements under the EU's Corporate Sustainability Reporting Directive (CSRD), arguing that it imposes an undue burden and is unnecessary for their industry.

Published on: February 06, 2025, 07:01 AM UTC

US stock futures steady, Alphabet dips as investors await Amazon earnings. Trump tariffs weigh on Ford and Chipotle. Oil prices rebound after Saudi price hike. Gold hits record highs as trade war intensifies.

Published on: February 06, 2025, 05:00 AM UTC

Ford (F) beats Q4 earnings and revenue expectations, but issues muted full-year guidance. Ford expects full-year 2025 adjusted EBIT of $7.0 billion to $8.5 billion and $3.5 billion to $4.5 billion in adjusted free cash flow. The company anticipates $1 billion in cost savings and a breakeven Q1 2025 adjusted EBIT. Ford's EV division, Model e, posted a full-year EBIT loss of $5.1 billion, with losses expected to continue in 2025.

Published on: February 06, 2025, 04:01 AM UTC

Erica Roach, the CFO of the US Office of Personnel Management, has resigned this week. The OPM manages $1.1 trillion in federal workers' benefits.

Published on: February 06, 2025, 04:00 AM UTC