Business
April 30, 2024
56 views 5 mins 0

Asia’s first spot bitcoin and ether ETFs debut in Hong Kong

Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023.  Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency […]

Business
April 30, 2024
73 views 2 mins 0

Jeep-maker Stellantis reports sharp fall in revenue as it shifts car portfolio

Christian Meunier, chief executive officer of the Jeep brand at Stellantis NV, during the 2023 New York International Auto Show (NYIAS) in New York, US, on Wednesday, April 5, 2023. Bloomberg | Bloomberg | Getty Images Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign […]

Business
April 30, 2024
49 views 2 mins 0

Gold Drops as Markets See Hawkish Fedspeak at US Rate Meeting

(Bloomberg) — Gold fell — narrowing what is set to be its third straight month of gains — as investor focus turned to this week’s Federal Reserve rate-decision meeting at which policymakers are expected to strike a hawkish tone. Most Read from Bloomberg Bullion edged lower to trade around $2,320 an ounce — though it […]

Business
April 30, 2024
71 views 2 mins 0

Volkswagen profit drops 20% in first quarter on lower sales

A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023.  Christof Stache | Afp | Getty Images German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands […]

Business
April 30, 2024
1 views 7 mins 0

China’s $170bn gold rush triggers Taiwan invasion fears

xi jinping China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan. The People’s Bank of China (PBOC) bought 27 tonnes of gold in the first three months of the year, taking […]

Business
April 30, 2024
76 views 4 mins 0

HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire

The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024.  Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief […]

Business
April 30, 2024
1 views 2 mins 0

McDonald’s earnings miss estimates as boycotts weigh on Middle Eastern sales

McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profits and boycotts hurt its Middle Eastern sales. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.70 adjusted vs. […]

Business
April 30, 2024
views 2 mins 0

McDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales

McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.70 adjusted vs. […]