Dutch Economy Shrank 0.2% in Q3 Due to Surging Inflation
The Dutch economy shrank 0.2 per cent in Q3 as rising interest rates slowed down the housing market, and increasing inflation braked on consumption. The...
Author : Aniruddh Shrivastava
Oatly Lowers Full-Year Sales Outlook as Q3 Loss Increases
On Monday, Nasdaq-listed shares in the Swedish oat drink producer Oatly Group AB (NASDAQ: OTLY) dropped sharply in pre-market trading after the company sank to...
Indonesia October Trade Surplus Seen at $4.5 Billion on Weakening Global Trade
Indonesia’s trade surplus was noticed to narrow slightly in October to USD 4.5 billion amid a weakening in global trade and moderating commodity prices. Exports...
Japan’s Biggest Bank Mitsubishi UFJ Posts 70.5% Decline in Q2 Profit
On Monday, Mitsubishi UFJ (NYSE:MUFG) Financial Group Inc, Japan’s largest bank by assets, reported a 70.5 per cent slump in Q2 net profit due to...
Oil Prices Drop $1 on China Covid Surge and Firmer Dollar
On Monday, oil prices dropped, dragged down by a firmer US dollar. Meanwhile, increasing COVID-19 cases in China dashed hopes of reopening the economy for...
Roche Shares Plunge On Failing Alzheimer’s Drug Trials
Roche Holding AG Participation (SIX:ROG) reported that its Alzheimer’s disease treatment could not stem a slide in patients’ cognitive abilities with an early form of...
UK GDP Dropped 0.2% in Q3 as Energy, Cost-of-Living Crises Bit
The UK economy plunged for the first time in six quarters in three months. As Europe’s energy crisis drove inflation to its highest in about...
Daimler Truck Faces Supply Chain Troubles As Q3 Unit Sales Jump
On Friday, Daimler Truck (OTC:DDAIF) reported a 27 per cent leap in Q3 unit sales to nearly 135,000 as the chip shortage eased. However, it...
Richemont Shares Surge as HY Results Beat Estimates
On Friday, shares in Cartier-owner Compagnie Financiere Richemont SA (SIX:CFR) leapt sharply after the company posted better-than-expected Q2 sales and first-half operating profit. Sales during...
US CPI Falls to 9-Month Low in October
The annual inflation rate in the US dropped by more than expected in October, suggesting that the worst of the post-COVID price spike is over...