Oil steadies with weak China data and US stockpiles in focus
Oil steadied as traders assessed data that highlighted continued weakness in China’s economy, and a drawdown in US crude stockpiles.…
VW managers to take combined 300-million-euro pay cut
Volkswagen’s management will take pay cuts adding up to over 300 million euros ($310.08 million) by 2030, according to comments…
Stocks slip, dollar boosted by US rate outlook
Global stocks slid, with European shares set for a weak open on Wednesday as worries over U.S. inflation resurfaced and…
Oil Hits Three-Month High Above $75 on Signs of Stockpile Drop
US crude climbed above $75 a barrel for the first time in almost three months after an industry report pointed…
Yen Drops to Weakest Since July on Fixing, Retail Investor Flows
The yen slid to its weakest since July against the dollar, lagging most of its major peers, with analysts attributing…
Indonesia, Apple discuss investment proposal linked to iPhone sale ban
Indonesia’s industry minister met representatives of Apple on Tuesday to discuss the company’s potential investment in the country, a prerequisite…
China’s Central Bank Buys More Gold as Prices Trade Near Record
China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases…
Wall Street Hit by Inflation Angst Amid Tech Rout: Markets Wrap
Stocks fell and bond yields rose after the latest economic data spurred bets the Federal Reserve won’t cut interest rates…
Intel shows off AI PC chips at CES 2025 as AMD, Qualcomm pour on the pressure
Intel (INTC) debuted its latest high-powered mobile chips for commercial PC users during its CES 2025 showcase on Monday. The…
Nvidia unveils robot training tech, new gaming chips and Toyota deal
Nvidia on Monday took the wraps off new products such as artificial intelligence to better train robots and cars, souped-up…