Steel rebar futures jump to CNY 3,170: Chinas’ stimulus measures boost market optimism
In September, the futures for steel rebar experienced a notable increase, reaching CNY 3,170 per tonne. This spike represented the...
US GDP grows 3% in Q2 2024: private inventory investment drives upward adjustment
In the second quarter of 2024, the US economy expanded at a 3% annualized rate, demonstrating its resiliency. This figure...
DraftKings to pay $200,000 over disclosure violations: US SEC
(Reuters) – Sports betting company DraftKings (NASDAQ:DKNG) has agreed to pay a $200,000 penalty for selectively disclosing material non-public information...
Dell asks global sales team to work five days a week in office, memo says
By Jaspreet Singh (Reuters) – Dell Technologies (NYSE:DELL) said on Thursday that their global sales team employees who are able...
Fitch says Brazil’s fiscal challenges persist and will intensify next year
BRASILIA (Reuters) – Ratings agency Fitch said on Thursday that Brazil’s better-than-expected economy has not translated into stronger public finances,...
Morning Bid: Roaring Chinese stocks set for best week in a decade
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Will this week be Chinese President...
Brazil’s current account deficit hits BRL 6.6 billion in August amid soaring imports
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from...
OECD upgrades global growth forecast to 3.2% for 2024 as rate hikes fade and inflation falls
The Organisation for Economic Co-operation and Development (OECD) marginally increased its global growth outlook for 2024 in light of expected...
U.S. Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout
(Reuters) -U.S. Steel said on Wednesday an arbitration board had ruled in favor of Nippon Steel’s $14.9 billion buyout of...
Spirit to begin furloughs in 3 weeks if strike at Boeing continues, FT reports
(Reuters) – Spirit Aerosystems will begin furloughs in three weeks if a strike at its biggest customer Boeing (NYSE:BA) continues,...
