European stocks are likely to open on a positive note Wednesday as bond yields continued to decline amid optimism that global interest rates have peaked. Falling oil prices also helped ease investor concerns surrounding inflation and interest rates. Crude oil prices held near five-month lows on doubts about the impact […]

After recovering from an initial move to the downside, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before closing narrowly mixed. While the tech-heavy Nasdaq rose 44.42 points or […]

Ford Motor Co. plans to cut production of its electric F-50 Lightning pickup trucks by about half in 2024 amid changing market demand, reports said citing a company email. The news comes as demand for electric vehicles is said to be slower than expected reflecting higher prices and interest rates. […]

Bharat Heavy Electricals Ltd (BHEL) is India’s largest engineering and manufacturing enterprise, operating across energy, industry, and infrastructure sectors. The investment path for the stock is based on a large order backlog, continued strong order inflows, and rising power demand, which should push demand for BHEL’s equipment and services. BHEL […]

It is alleged customers of Vodafone, EE, Three and O2 have carried on paying for their handset after their original contract expired. Ex-Citizens Advice executive Justin Gutmann and the law firm Charles Lyndon say they are launching class-action proceedings against the four mobile networks. Mr Gutmann is seeking damages of […]

China’s factory activity rebounded in November as sustained rise in new orders lifted production, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers’ Index, or PMI, rose to a three-month high of 50.7 in November from 49.5 in October. Economists had forecast the index to rise […]

Apple Inc has requested the ministry of electronics and information technology (MeitY) to give it 18 to 24 months’ exemption to comply with the European Union (EU) regulation of putting an USB charging port in all its older smartphones, mainly iPhone 13 and iPhone 14, which are assembled, exported and […]

South Korea’s central bank retained its key interest rate for the seventh straight meeting and raised its inflation projections citing higher cost pressures. The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to retain the key base rate at 3.50 percent. As inflation is projected […]

After ending the previous session modestly higher, stocks showed a lack of direction over the course of the trading day on Wednesday. Despite the choppy trading on the day, the Dow inched up to its best closing level in over three months. The major averages eventually ended the day narrowly […]

Asian markets closed on a mixed note on Tuesday amidst anxiety ahead of crucial economic data. Hong Kong’s Hang Seng Index closed deep in the red ahead of PMI updates from China. Meanwhile, assurances of an accommodative monetary policy from the People’s Bank of China leadership supported sentiment in the […]