Watch live: ECB President Christine Lagarde speaks after opting to hold rates
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
European Central Bank holds interest rates steady after 10 consecutive hikes
The ECB ended its record run of rate hikes despite new upside risks to inflation.
Siemens Energy shares slide 35% after company seeks support from German government
Shares of Siemens Energy tumbled on Thursday after the company sought guarantees from the German government.
Turkey’s central bank hikes key interest rate to 35%
Economists polled by Reuters had forecast the 500 basis point hike.
TotalEnergies sticks to share buyback plans despite net income drop
TotalEnergies on Thursday posted a 35% fall in third quarter adjusted net income from last year’s record high, hurt by a drop in energy prices
The U.S. consumer is ‘walking towards a cliff,’ strategist warns
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kick-start a recession.
Mercedes-Benz shares fall nearly 6% as profit falls; CFO bemoans ‘brutal’ EV pricing
The German carmaker said it had faced intense price competition, particularly in electric vehicles.
Standard Chartered shares slide 12% as China losses hit earnings
Standard Chartered CFO Andy Halford said the bank was going to stick with China despite the country’s economic woes.
Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor
Stellantis is looking to boost its presence in China where it is a small player, while Leapmotor has ambitions to expand aggressively into Europe.
U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Lee Wai Fai said the world is heading into a more “uncertain environment” and the impact of higher-for-longer interest rates is starting to filter through.
