2024 has been a challenging year for Indian steelmakers as India’s finished steel imports from China reached an all-time high during the first eight months of FY25, and India became a net importer of steel during the period. India shipped in 6.5 million metric tons of finished steel, a 26.6%…
The FTSE 100 had a solid year overall aided by the Labour party’s landslide victory in the general election, and the Bank of England starting to cut interest rates in what collectively helped boost UK stocks. The UK’s blue-chip index is up 5.36% year-to-date after reaching an all-time high close…
Tokyo inflation rose sharply in December, and with it rose the expectations of a Bank of Japan (BOJ) interest rate hike in early 2024. Consumer prices in the Japanese capital increased by 3.0% year-over-year, up from 2.6% in November, according to government data. Core inflation, which excludes fresh food and…
Brazil celebrates a milestone in job opportunities as the country achieves a record unemployment rate of 6.l% marking a positive trend, in the labour market during the last quarter of 2024 compared to the previous periods 6. 60/0 Rate. The decrease in unemployment is in line with forecasts, reflecting a…
2024 has been a challenging year for Indian steelmakers as India’s finished steel imports from China reached an all-time high during the first eight months of FY25, and India became a net importer of steel during the period. India shipped in 6.5 million metric tons of finished steel, a 26.6%…
The world of automobiles has lost a titan. Osamu Suzuki, the ingenious and fiercely pragmatic leader who propelled Japan’s Suzuki Motor to global prominence, passed away on Christmas Day at the age of 94 after a battle with lymphoma. His legacy, however, extends far beyond the confines of Japan; it’s…
The bond market, often seen as a haven of stability, experienced a tumultuous end to the year, with thin trading volumes exacerbating a December selloff. As traders returned from the Christmas break, a significant shift in sentiment regarding interest rate cuts by major central banks sent bond yields soaring, particularly…
Brazil celebrates a milestone in job opportunities as the country achieves a record unemployment rate of 6.l% marking a positive trend, in the labour market during the last quarter of 2024 compared to the previous periods 6. 60/0 Rate. The decrease in unemployment is in line with forecasts, reflecting a…
HomeStreet Bank, a Seattle-based lender, is making a significant move to shore up its financial position by selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BofA). This strategic decision, announced Friday, aims to propel the bank back to profitability and alleviate the burden…
Comscore’s senior media analyst Paul Dergarabedian sees streaming platforms, including Netflix Inc (NASDAQ: NFLX), as complementary not adversarial for movie theatres. “I think they all work together; it’s this giant ecosystem,” he told CNBC in an interview on Friday. That’s part of the reason why NFLX is keeping its…