The European Central Bank is expected to cut its deposit rate twice more this year, in September and December, according to a significant majority of economists. These predictions come despite the improving business activity and strong wage data, which have raised uncertainties around the rationale for more cuts. The risks, however, are skewed towards fewer
potential
Warren Buffett’s Berkshire Hathaway has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. This influx of shares has propelled Buffett’s ownership in the Houston-based oil and gas producer to nearly 29%, indicating a strong vote of confidence in the company’s future prospects. Through daily purchases from June 5 to
Apple has been under scrutiny by the European Commission due to a number of “very serious” issues related to the Digital Markets Act (DMA) that aims to regulate Big Tech companies. The EU’s competition chief, Margrethe Vestager, highlighted that the investigation into Apple, along with Alphabet and Meta, raised concerns about anti-competitive behavior. One of
The Food and Drug Administration recently approved Merck’s new vaccine, Capvaxive, which is specifically designed to protect adults from pneumococcus, a bacteria that can lead to serious illnesses such as pneumonia. This approval marks a significant milestone in providing broader protection against pneumococcal disease, particularly for older patients and those with chronic health conditions who
Recently, China has initiated an anti-dumping investigation on imported pork and its by-products from the European Union. This move is seen as a response to the EU’s restrictions on Chinese electric vehicle exports. The investigation, announced by China’s commerce ministry, is expected to have significant implications for European pork producers, particularly those in Spain, the
The euro has been facing pressure due to political instability in Europe, particularly in France where far-right and leftist parties are gaining momentum. This has raised concerns about a potential budget crisis in the eurozone. In response to this, investors have been closely watching the situation, leading to a decline in the value of the
Toyota Motor Chairman Akio Toyoda faces potential reelection challenges at the upcoming annual general meeting due to scandals involving violations of certification tests at Toyota and its group companies. Proxy advisory firms have recommended against his reelection, citing concerns over governance and board independence. Despite the declining approval rating of Toyoda from 96% in 2022
The approval of the release of Disney/Marvel Studios’ Deadpool & Wolverine in China is definitely a move that has sparked anticipation among fans globally. The announcement of the release date being on July 26, in sync with the U.S. release, marks a significant moment for Marvel enthusiasts. This move indicates that the Merc with a
Starboard Value, a well-known activist fund led by Jeff Smith, has recently acquired a substantial stake in graphics-design firm Autodesk. The fund has engaged in discussions with the company’s board regarding several serious issues related to the handling of an internal investigation that led to the removal of its chief financial officer. Starboard’s investment in
The burgeoning demand for cloud computing and artificial intelligence has propelled Malaysia onto the global data center stage. In recent years, the country has become a magnet for investments from tech giants such as Google, Nvidia, and Microsoft. The city of Johor Bahru, situated on the border with Singapore, has emerged as a focal point
The upcoming week in Asian markets is set to kick off with the monthly Chinese ‘data dump’, providing investors with crucial insights into the state of the world’s second-largest economy. While recent indicators such as producer and consumer prices have pointed towards looming deflationary risks, a closer look at retail sales, business investment, industrial production,
Disney and Pixar have faced challenges in regaining their foothold at the box office following the pandemic. The decision to release animated features directly on Disney+ caused a shift in audience behavior towards streaming platforms. This move impacted the traditional theatrical experience, as parents became accustomed to seeking out new Disney content from the comfort
The U.S. retail sector is currently facing challenges due to elevated interest rates, which have put pressure on many companies within the industry. While the S&P 500 Consumer Discretionary Distribution & Retail index has managed to stay relatively in-line with the overall market performance, the sector’s gains have been largely driven by a select few
Chinese companies have been steadily increasing their presence in the global market, but there is still significant untapped potential according to HSBC analysts. Despite the rapid growth of the Chinese economy, a large portion of revenue for Chinese companies still comes from domestic sources. In contrast, Japanese companies have a much higher percentage of revenue