Browsing: Business

U.S. stocks declined on Monday following President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning after Trump stated that tariffs against Mexico would be delayed by one month. The Nasdaq

The South Korean won fell sharply against the US dollar on Monday, reaching its lowest point of the year amid growing concerns over the economic impact of new tariffs announced by US President Donald Trump. The decline reflects increased uncertainty

Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in November. Core inflation, which excludes volatile food and energy prices, remained steady at 2.8% for

The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February 1. Economic experts warn that such tariffs could significantly increase consumer prices across various sectors,

Shares of H&M fell on Thursday after the Swedish fashion retailer reported lower-than-expected fourth-quarter sales, despite a slight increase in full-year operating profit. The company cited the later timing of Black Friday as a factor in the sales shortfall but

The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure fell short of economists’ expectations of a 0.1% expansion and followed a stronger-than-anticipated 0.4% growth

British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand. Despite missing analyst expectations, the company raised its shareholder dividend by 4% and launched a

Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export Development Centre, Agroexport. This marks a significant increase from the 68.6 million tonnes exported in

HSBC has announced plans to wind down its mergers and acquisitions (M&A) and equity capital markets businesses in Europe, the UK, and the US, as part of a sweeping overhaul of its global operations. The move reflects a strategic shift

China’s economic activity unexpectedly contracted in January 2025, marking a challenging start to the year for the world’s second-largest economy. Official data from the National Bureau of Statistics revealed that the manufacturing Purchasing Managers’ Index (PMI) fell to 49.1, dipping