Audi Ex-Boss Becomes First VW Board Member Sentenced Over Diesel Scandal
Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud by negligence in the 2015 diesel...
Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges...
Global banks raise forecast to 4% peak for key ECB rate
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike...
4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings
Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise...
Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day...
European Stock Futures Edge Higher; Central Bank Decisions Seen Key
European stock markets are expected to drift higher at the open Monday, at the start of a week dominated by a series of key central bank meetings in the U.S.,...
Explainer-What India’s Decision to Scrap Its 2000-Rupee Note Means For its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens...
Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates
Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential”...
Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings
U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets...
Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll
Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation...