Amazon.com Inc. is focusing exclusively on wind and solar power for its projects in Asia. This decision comes as global tech companies explore nuclear energy to meet the rising power demands of data centers.
The European Union and France are stepping in to support cognac makers affected by China's trade actions. French European Affairs Minister Benjamin Haddad announced potential financial aid to help those targeted in the ongoing dispute.
Czech banks are expected to tighten their lending practices and see a drop in profits. This comes after the central bank doubled the minimum reserve requirement to cut its own costs. The move is likely to impact borrowers as banks adjust to the new regulations.
Volkswagen AG reported a 15% drop in sales in China during the third quarter. The German carmaker is struggling to keep up in key markets as the automotive industry shifts towards electric vehicles. This decline highlights the challenges Volkswagen faces in adapting to the growing demand for EVs.
The Indian rupee has dropped below 84 against the dollar for the first time. This decline comes amid foreign investors pulling money out of stocks and bonds, along with a less aggressive stance from the central bank. The situation is putting additional pressure on the currency.
Aluminum prices surged over 2% in London today after a major supplier announced a suspension of its ore exports from Guinea. This news has raised concerns in the market about potential shortages.
Japan's Ministry of Finance has temporarily removed Nomura Holdings Inc. from its list of primary dealers for government debt auctions. This decision follows the firm's admission to manipulating the bond futures market.
Chinese stocks declined as investors reduced risk ahead of a policy briefing by the Ministry of Finance on Saturday. Speculation arises that the government might introduce new fiscal stimulus measures.
Gold prices stabilized after experiencing a weekly decline. This change comes as recent reports showed hotter-than-expected inflation and a slowdown in the labor market. These factors have sparked discussions about the potential size of the Federal Reserve's anticipated interest rate cut next month.
Korea Zinc Co. has increased its offer to buy back shares as the competition for control of the world's leading zinc smelter heats up. This move underscores the company's efforts to strengthen its position amid growing challenges.
