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Tech and Chip Companies Help Nikkei Recover After Wave of Sales
The Tokyo stock exchange showed recovery on Tuesday after recent price pressure that followed interest rate hikes worldwide by central banks to fight inflation. The other markets in the Asian region also rebounded.
Investors…
Quiet in Brussels Airport Departure Hall After Flight Cancellation
Monday morning it is quiet in the departure hall of Brussels Airport, where all flights have been cancelled due to a strike by the security personnel.
According to an airport spokesperson, most people are aware of the…
Tokyo Stock Exchange Surrenders After Bank of Japan Interest Rate Decision
The Tokyo stock exchange closed trading with a heavy loss on Friday. Investors reacted to the decision of Japan's central bank to maintain its ultra-moderate monetary policy for the time being.
The decision of the Bank of Japan…
Office Behind South Korean Pop Group BTS Plummets on the Stock Exchange
The management agency behind the very popular South Korean boy band BTS went down hard on Wednesday at the stock exchange in Seoul due to the news that the band members will be focusing on solo projects for the time being.
The…
Swiss Bank Credit Suisse Warns Again of Loss
Scandal-plagued Swiss bank Credit Suisse expects another loss in the second quarter. That means another setback for the bank, which already issued several profit warnings last year.
Credit Suisse gave several reasons for the…
Saudi Arabia Raises Oil Sales Prices to Asia
Oil prices rose to their highest level in nearly three months on Monday on news that Saudi Arabia has increased its selling prices to customers in Asia more than expected. This is seen as a sign of Saudi confidence in oil demand.
…
Broadcom Takes Over Shares and Name of VMware
Broadcom makes one of its largest acquisitions ever. It puts $61 billion on the table for VMware. It also wants to eventually change its name to VMware.
The $61 billion Broadcom has left for VMware consists of half in cash and half…
IEA: Electric Car Sales Continue to Grow Strongly
Sales of electrically powered cars continue to increase strongly, after the record sales of a year earlier. According to the energy agency IEA, the increase is related to a deluge of new models in combination with government policies to…
Sri Lanka in Crisis for the First Time in Default
Sri Lanka defaulted on bond interest payments for the first time. The Asian country has recently faced a severe economic and financial crisis due to the aftermath of the corona pandemic, mismanagement of public finances and increased fuel…
Musk Wants to See Evidence of Fake Twitter Accounts Before Takeover Proceeds
Billionaire Elon Musk will only proceed with his takeover of Twitter if the social media platform can substantiate his claims about the proportion of fake accounts on the news service.
The CEO of car manufacturer Tesla had already…