Snap Reports Earnings
On Wednesday, February 7, Snap’s share price showed a 30% drop in morning trading.
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SoftBank Poises for Best Quarter in Years
After a period of setbacks, when prospects are shrouded in fog or completely disappear into impenetrable darkness, Masayoshi Son seems to have received a reason for positive news about the activities of the SoftBank Group Corp. headed by him, which is that this business structure plunged into one of the best quarters in recent years […]
SMIC’s Profit Exceeds Estimates
The quarterly profit of Semiconductor Manufacturing International Corp. (SMIC) exceeded preliminary expectations.
Xi Jinping Reportedly to Discuss China Stocks With Regulators
The media reported that regulators intend to inform the head of the People’s Republic of China Xi Jinping about the stock market situation.
Sri Lanka Eyes $5 Billion in Foreign Funds
Sri Lanka expects to raise about $5 billion in foreign funds over the next two years.
China’s Services Activity Expands at Slow Pace
In China, an increase in the level of activity in the local sphere of services was recorded last month, the intensity of which turned out to be lower than the indicator of preliminary expectations regarding this parameter of the functioning of the corresponding area.
IMF Chief Says About Advantage of Late Fed Rate Cuts
The head of the International Monetary Fund, Kristalina Georgieva, said that the Federal Reserve and other major central banks face great risks if they decide to ease monetary policy too early.
Qualcomm Reports Earnings
Qualcomm last Wednesday, January 31, published its financial results for the quarter ended December 24, 2023.
FIS Launches Networking Program
Technology company FIS, which specializes in providing financial services, announced the launch of the FIS Fintech Hangouts 2024 series.
German Prices Ease More Than Expected
At the beginning of the current year, inflation in Germany showed a slowdown, the pace of which turned out to be more significant than initial expectations for the dynamic of the decrease in the intensity of growth in the cost of goods and services.
IMF Lifts World Economic Outlook
The International Monetary Fund (IMF) has improved its forecast for global economic growth in 2024.
Philippines Central Banker Says About Possibility of Rate Cut
Philippine central bank Governor Eli Remolona said that an interest rate cut during the current year is possible, but noted that a similar decision by the financial regulator in the first half of 2024 is unlikely.
US Economy Demonstrates Growth
The United States economy demonstrated what can be described as shocking resilience in the fourth quarter of last year.
China’s $6 Trillion Stock Wipeout Signals Deeper Problems
The collapse of the Chinese stock market by $6 trillion has become what can be symbolically described as the thunder of a terrible truth, the sound of which is stronger than any soothing and deliberately encouraging statements that, in general, the weather situation is favorable and there are no cataclysms capable of provoking serious long-term […]
ASML Orders Surge to Record in Q4
ASML Holding, a Netherlands-based manufacturer of equipment used in the chip production process, on Wednesday, January 24, released profit data for the fourth quarter of last year.
Nvidia CEO Makes China Tour
Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.
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