Germany’s industrial sector showed an unexpected burst of activity in November, offering a more nuanced picture of demand conditions in Europe’s largest economy. Fresh data released on Thursday pointed to a sharp monthly rise in orders, defying market expectations of a decline. The headline gain was shaped largely by large-scale…
Shares of Tesco fell more than 5% on Thursday after the UK’s largest supermarket reported like-for-like sales growth that came in below market expectations, overshadowing a solid performance over the crucial Christmas trading period.The retailer said the group’s like-for-like sales rose 3.1% in its third quarter, while sales over the…
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key…
European markets and policymakers hit a moment of reassessment as risk appetite fades and geopolitics intrude.The FTSE 100 retreats from record highs amid an energy-led selloff, while investors rotate defensively.At the same time, Washington’s assertive foreign policy, spanning Venezuela, Greenland, and Ukraine, is unsettling European capitals.Beneath the surface, Germany’s labour…
GameStop (NYSE: GME) is pushing meaningfully higher this morning after Ryan Cohen, its chief executive, agreed to anchor his salary to the company’s stock price performance.According to GME’s press release, “Mr. Cohen will receive no guaranteed pay – no salary, no cash bonuses, and no stock that vests over time.”Instead,…
Global markets and geopolitics collide as Washington’s hard-edged strategy ripples across energy, media, defense, and aviation.A US push to redirect Venezuelan oil away from China is roiling crude prices and inflaming Beijing, while corporate boardrooms brace for high-stakes M&A brinkmanship.Diplomatic tensions intensify ahead of Arctic talks with Denmark, even as…
President Trump is threatening to ban stock buybacks and dividend payments for major US defense contractors until they speed up weapons production and reduce cost overruns.The administration is drafting an executive order targeting firms like Lockheed Martin, Northrop Grumman, RTX, Boeing, and General Dynamics.The companies return billions to shareholders annually,…
India’s market regulator has accused Bank of America of improperly sharing material nonpublic information related to a major block trade in 2024 and of misleading investigators during a subsequent probe, reported Wall Street Journal, citing people familiar with the matter. The allegations stem from a yearlong investigation by the Securities…
Samsung Electronics expects record, above-consensus earnings for the final quarter of 2025, underscoring the scale of an artificial-intelligence-driven rebound in the global memory-chip market. The South Korean technology giant said demand linked to AI infrastructure has pushed chip prices sharply higher, restoring its semiconductor business as its main profit engine.In…
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also…