European Central Bank set to hold rates as market debates cut timeline
Economists are divided, with some seeing a policy pivot starting in April and rate cuts of 150 basis points this year.
Israel-Hamas war negotiations reportedly working toward a weekslong cease-fire
The reports come amid devastating Israeli bombardment of Gaza and what has so far been an impasse in talks.
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside this year’s bumper profits to provision for clients defaulting on loans, says BaFin President Mark Branson.
SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI
Shares of German software company SAP jumped Wednesday after it announced plans to restructure the jobs of 8,000 staff in a push toward artificial intelligence.
China’s central bank announces policy easing as it seeks to boost growth
China pledged to reduce the amount of liquidity that its banks are required to hold as reserves early next month in its bid to boost its struggling economy.
Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.
Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024
ASML, a Dutch company that makes machines required in the manufacturing of the world’s most advanced chips, has been caught in the U.S.-China tech battle.
Iran’s ‘brazen’ strikes around the Middle East send a message to Israel and the U.S., analysts say
“Iran’s three strikes were a three for one,” Sanam Vakil, director of the Middle East and North Africa program at Chatham House, told CNBC.
Tesla plans to build new electric vehicles in mid-2025, Reuters reports
Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs.
Thai economy in ‘crisis’ prime minister says, pledges more stimulus
The government this week slashed 2024’s growth projections to 2.8% from an earlier forecast of 3.2% on weaker exports and foreign tourist arrivals.
