Brazilian Steelmaker CSN Acquires 70% Stake in Estrela

CSN, the Brazilian steel producer, is acquiring 70% of Estrela, a company from logistics operator Grupo Tora. CSN signed a contract to purchase the Estrela shares...

Chinese Hackers Breach U.S. Treasury Department's Computers

Investing.com -- State-backed hackers from China have reportedly breached the computers of senior officials at the U.S. Department of Treasury. This significant s...

Google/Pichai: AI Model Gemini Will Be the Company's 'Major Focus' in 2025

Forex - Google (NASDAQ: GOOGL) CEO Sundar Pichai reportedly informed Google employees that 2025 will be a "critical" year for the company.

According to CNBC, Pi...

Resources Connection Shares Surge as Earnings Expectations Exceed

NEW YORK - Resources Connection, Inc. (NASDAQ:RGP) saw a 5% increase in its shares as its second-quarter results for the fiscal year 2025 exceeded expectations, d...

China's Central Bank to Organize Second Round of Clearing for Securities, Funds, and Insurance Companies in the Near Future

Forex - The People's Bank of China will conduct a second settlement for securities, fund, and insurance companies in the near future. The PBOC has expanded the in...

JFrog Shares Rise After Barclays’ Price Upgrade Note

JFrog Ltd. (NASDAQ:FROG) shares rose 6.5% today after Barclays analyst Ryan MacWilliams drew attention to recent price increases in the company's self-hosted Pro ...

TÜDKİYEB President Çelik: Pasture Improvement in the GAP Region Spread Across 50,000 Decares Will Positively Impact Livestock Numbers

Foreks - Nihat Çelik, the President of the Central Union of Sheep and Goat Breeders in Turkey (TÜDKİYEB), stated that the GAP Action Plan for the 2024-2028 period...

Citadel's Clients Hold Onto Their Gains Despite Optional Distribution Offer

Investing.com -- The highly strategic hedge fund Citadel recently offered its clients the opportunity to cash out their profits following a successful year. Howev...

Credit and Debit Card Spending in the UK Shows Minimal Growth in 2024

According to a report by Barclays tracking card transactions, credit and debit card spending in the UK saw negligible growth in 2024 as cautious consumers indulge...

China Set to Close the Year with 5% Growth

According to President Xi Jinping, China's economic growth is expected to be around 5% for the entirety of 2024, indicating that the world's second-largest econom...

SAMEKS Index Wraps Up the Year with a Positive Outlook

In December, the SAMEKS, which last recorded an increase in June, once again surpassed the reference value, closing the year with a positive outlook.

The statem...

MARKET OUTLOOK - Deflationary Pressures Persist in China

Foreks - UOB economist Ho Woei Chen reported that deflationary pressures continued in China in December, despite the expansion of economic activity. Ho stated tha...

STOCK VALUATION - ICBC Investment Excludes Anadolu Efes from its Model Portfolio

Forex -

Stournaras Anticipates 100 Basis Points Rate Cut from ECB by Autumn

Forex - Yannis Stournaras, a member of the European Central Bank's Governing Council and the Governor of the Bank of Greece, stated that he expects the ECB's main...

Forex News: Stock Market Opening Survey Results Are In

In a survey conducted by analysts, the median forecast for the BIST100 Index opening gap value was 13.0 points, while the average forecast was 8.35 points. The hi...

New York Fed Reports Sharp Decline in Reverse Repo Usage

Forex - The New York Fed announced that the usage of the reverse repo facility declined on the first day of the year. The New York Fed stated that money market fu...

TANKER REPORT - Transit Passages Suspended in the Istanbul Strait

Due to reduced visibility caused by fog, the Bosphorus Strait has been closed to transit passages. According to information received, fog started to form around t...

China's Trade Ministry Proposes Export Restrictions on Technologies Used for Processing Lithium and Gallium

The Chinese Ministry of Commerce has proposed export restrictions on certain technologies used in the production of battery components and the processing of criti...

Market Outlook: Deflationary Pressures in China May Persist into December

Forex - UOB economist Ho Woei Chen believes that deflationary pressures in China likely continued in December, despite the expansion in economic activity. In a no...

China's Central Bank Plans to Cut Interest Rates This Year - FT

Forex - The People's Bank of China plans to lower interest rates this year as it makes a historic shift towards a more orthodox monetary policy to align with the ...

Cocoa Prices Set to Continue Climbing into 2024 After a Strong 2023

Forex - Cocoa and coffee are set to finish 2024 as the top performers among commodities due to a global supply deficit. Cocoa prices have surged by 170% year-over...