Airbus, the world’s largest commercial planemaker, recently announced higher 2023 results, showcasing its ability to thrive in the aviation industry. With a 4% increase in core adjusted operating profit to 5.8 billion euros and an 11% rise in revenue to 65.4 billion euros, the company has demonstrated its financial strength. Furthermore, Airbus predicts a core
Economy
Asian shares took a hit on Wednesday as Wall Street’s negative performance and a stronger dollar led traders to reduce their expectations for rate cuts by the Federal Reserve. This shift came after an unexpected increase in U.S. inflation, which raised the consumer price index (CPI) by 3.1% on an annual basis, surpassing forecasts of
The Nikkei, Japan’s benchmark stock index, continues its impressive run in 2024, reaching yet another 34-year peak. With the yen teetering towards the closely watched 150 per dollar level, the Nikkei shows no signs of slowing down. This year alone, the index has breached multi-decade highs almost every other day, inching closer to its all-time
The global stock market has been on a steady rise over the past few weeks, with European stocks opening higher on Monday and world equities reaching their highest levels in more than two years. Investors are eagerly awaiting U.S. inflation data scheduled for release later this week, as it is expected to provide insights into
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed her confidence in the global economic outlook despite uncertainties surrounding war and geopolitics. Speaking at the World Governments Summit in Dubai, Georgieva highlighted the resilience of the global economy in the face of challenges. This positive outlook comes as a surprise to many
The U.S. Senate is moving forward with a bill that includes a significant aid package of $95.34 billion for Ukraine, Israel, and Taiwan. However, the path to turning this bill into law is uncertain due to opposition from Republican lawmakers in both chambers of Congress. The Senate recently voted 64-19 to advance the legislation, but
The US stock market has been reaching new heights recently, with the S&P 500 breaching the 5,000-mark for the first time. Investor optimism was further fueled by the strong earnings reported by companies benefiting from the artificial intelligence boom. However, market participants are now eagerly awaiting the release of inflation data, as it could provide
Asian markets have largely followed the positive trend set by Wall Street, although Chinese stocks are facing difficulties sustaining a rally. Japan’s Nikkei soared by 1.5%, while the broadest index of Asia-Pacific shares outside Japan, MSCI, rose by 0.2%. However, gains in Australia and South Korea were offset by a 0.2% decline in Hong Kong’s
The landscape of television is rapidly changing, and media companies are adapting to capture the attention of younger viewers who are not tuned in to traditional TV. Fox Corp, Walt Disney’s ESPN, and Warner Bros Discovery have announced the launch of a sports streaming service that aims to cater to the interests of sports fans.
Inflation and the US presidential election are projected to be the primary factors influencing global markets this year, with traders expressing their concerns in a recent survey conducted by JPMorgan. While the market initially saw hope in slowing inflation leading to significant rate cuts by central banks, recent events have prompted a reevaluation of these
In an interview with Yasser Rezvi, the head of asset liability management at the Inter-American Development Bank (IDB), it was revealed that the bank is planning to offload the risk on some loans in order to expand its lending capacity. This new approach involves shifting away from issuing hybrid bonds, a strategy that the IDB
Asian markets are preparing for a wave of economic data from the Asia-Pacific region on Monday. Investors are eager to react to the strong U.S. employment numbers from Friday, as well as address the growing concerns surrounding China’s economy. This article will analyze the potential impact of the economic data on Asian markets and explore