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Japan Government and Automakers to Discuss Industry Future
The Japanese government is aiming to meet with automakers to discuss the future of the country's automotive industry as soon as next month, Japanese industry minister Yasutoshi Nishimura said on Sunday. The head of the Ministry of Economy, Trade, and Industry revealed this plan while visiting the United States...
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Mortgage Rates Close in on 14-Year Record
The rate on the 30-year fixed mortgage rose from 5.66% to 5.89% this week; a staggering 2.5 percentage points...
Porsche Aims to Be Ready for IPO “As Soon as Possible”, Finance Chief Confirms
In a talk with Italian daily Il Sole 24 Ore, Porsche finance chief Lutz Meschke confirmed that Porsche AG...
Germany Prepares for Russia Gas Halt
German chancellor Olaf Scholz stated on Saturday that Germany is preparing for the situation where Russia decided to halt...
Cathay Pacific to Boost Capacity as Quarantine Rule Lifted
Hong Kong flagship airline Cathay Pacific confirmed that it is looking to gradually increase its flying capacity in the...
Bolt Scraps $1.5 Billion Purchase of Crypto Company Wyre
Bolt Financial Inc announced on Friday its decision to call off the $1.5 billion acquisition of cryptocurrency infrastructure provider...
EU Energy Ministers Attend Emergency Meeting Over Energy Crisis
European Union energy ministers met during an emergency meeting on Friday in an effort to discuss mechanisms to shield...
Goldman Sachs Forecasts Decline in Home Prices in 39% of U.S. Cities Next Year
With the U.S. housing market cooling down this year following mortgage rate hikes and record home appreciation, economists at...
T-Mobile to Sell Wireline Business to Cogent in Billion Dollar Deal
T-Mobile US Inc announced on Wednesday its intention to offload its wireline business to Cogent Communications Holdings Inc. While...
United Airlines Improves Costs During Third Quarter
United Airlines Holdings Inc stated in a regulatory filing on Wednesday that it has seen "improving operational reliability" over...
Oil Rally Fizzles Out as Chinese Economic Concerns Linger
Oil's post-OPEC+ meeting rally came to an end on Tuesday as investors' concerns over Chinese factory lockdowns take center...
Incoming UK Prime Minister Plans £40 Billion Energy-Aid Package for Businesses
Incoming UK Prime Minister Liz Truss is in the process of finalizing plans for an aid package to lower...
European Stocks and U.S. Futures Gain as Market Wraps
European stocks climbed as markets wrapped up on Monday while the U.S. equity futures also strengthened. This comes as...