High interest rates help Germany’s Commerzbank post best results in 15 years
Deutsche Bank analysts described the numbers as a “solid set of 4Q23 results” and reiterated their buy rating on the stock.
13 Russian missiles shot down as Kyiv comes under fire; Zelenskyy vows to ‘clear the Black Sea’
The three people killed in Russian shelling in the Donetsk region on Wednesday were a mother and son, and a pregnant woman, Volodymyr Zelenskyy said.
CNBC Daily Open: Inflation fight may go down bumpy path
Wall Street returned to some level of calm after markets nosedived a day earlier over inflation jitters.
UK economy slipped into technical recession at the end of 2023
The U.K. economy slipped into a deeper-than-expected technical recession in the final quarter of last year, initial figures showed Thursday.
TSMC shares hit record high after Morgan Stanley lifts client Nvidia’s price target on AI chip demand
Shares of TSMC reached its highest level in history on Thursday.
S&P 500 closes at record high, Dow gains 300 points in late-day rally
The S&P 500 notched a new record high, as stocks rose to rebound from their losses earlier this week.
Japan is no longer the world’s third-largest economy as it slips into recession
Japan’s 2023 nominal GDP came in at 591.48 trillion yen, or $4.2 trillion, while Germany’s stood at 4.12 trillion euros, or $4.46 trillion.
Japanese chipmaker Renesas to buy software company Altium for $5.9 billion
Japan’s semiconductor firm Renesas Electronics said it would buy software company Altium in a deal worth $9.1 billion Australian dollars ($5.91 billion).
South Korea prepares $57 billion corporate financial support program
South Korea has prepared a financial support program for companies increasing investment in key sectors and businesses struggling following interest rate hikes.
Japan’s economy unexpectedly slips into recession, hurt by weak domestic demand
Provisional gross domestic product contracted 0.4% in the fourth quarter compared with a year ago, after contracting 2.9% in the July-September period.
