Samsung's Q4 Profit Outlook Predictions Miss the Mark Significantly

Samsung Electronics announced its fourth-quarter operating profit forecast, significantly missing analyst expectations due to falling behind rival SK Hynix in sup...

Metemtur Decides to Merge with Galvano Market Through Acquisition

Foreks - Metemtur has decided to merge with Galvano Market by acquiring all of its assets and liabilities as a whole.

In a statement made to the Public Disclosu...

AWS Announces Plans to Invest 'At Least' $11 Billion to Expand Data Center Infrastructure in Georgia

Amazon's cloud computing division, Amazon Web Services (AWS), announced plans to invest "at least" $11 billion in Georgia to expand its infrastructure to support ...

Bank of America Downgrades Tesla Stock Recommendation, Raises Price Target Due to 'High Application Risk'

In a note sent to clients, Bank of America analyst John Murphy claimed that much of the rise of electric vehicle manufacturer Tesla had been recognized since the ...

India's Economic Growth Set to Miss Expectations

Forex - Nomura analysts stated that India's GDP growth is unlikely to meet the central bank's expectations in the fiscal year 2025, which ends in March 2025. The ...

Bank of America Downgrades Tesla Shares, Raises Price Target Citing 'High Application Risk'

In a note to clients, Bank of America analyst John Murphy downgraded his recommendation on Tesla from "Buy" to "Neutral," claiming that much of the electric vehic...

Danish Prime Minister Declares 'Greenland Belongs to Greenlanders'

Danish Prime Minister Mette Frederiksen stated that Greenland is not for sale in response to U.S. President-elect Donald Trump's obsession with purchasing the vas...

Goodyear Sells Dunlop Brand to Sumitomo Rubber

Goodyear (IS:GOODY) has announced the sale of the Dunlop brand to Sumitomo Rubber Industries (SRI) for approximately $701 million in cash. The transaction include...

Kuroda: BOJ Will Continue to Raise Interest Rates

In a recent statement, former Bank of Japan (BOJ) Governor Haruhiko Kuroda indicated that the BOJ is likely to continue raising interest rates in the coming years...

Trump Did Not Assure Against Using Military or Economic Pressure to Take Control of Greenland and the Panama Canal

Forex - Elected President Donald Trump refused to commit to not using military or economic pressure to take control of Greenland and the Panama Canal, and acceler...

Sejourne: The EU Must Be Ready to Defend Itself Against Protectionist Trade Measures from Other Countries

Forex - The European Commission's Vice President for welfare and industrial strategy, Stephane Sejourne, stated that the European Union must be prepared to defend...

Japanese Prime Minister Ishiba and SoftBank CEO Son Discuss Trump’s Policies Over Dinner

Forex - In Japan, Prime Minister Shigeru Ishiba met with Masayoshi Son, Chairman and CEO of SoftBank Group Corp., at a dinner in Tokyo to discuss the economic pol...

US Blacklisting China's Tech Giants Poses Greater Risk of Rapid Decoupling

The latest move by the U.S. to expand its list of Chinese military companies risks doing more than just lowering the stock prices of some of its most valuable fir...

Consumer Confidence Slightly Declines in Japan

In Japan, the outlook of households towards the economy showed a slight negative trend by the end of December 2024. According to the monthly survey results conduc...

CANCELLED: Central Bank of Turkey's Housing Price Data Released by Mistake

Foreks - Due to a systemic error, the housing price data from the Central Bank of the Republic of Turkey has been accidentally published. The news has been removed.

Kimpur Produces Insulated Sandwich Panels in Collaboration with Aluform Pekintaş

Foreks - Kimpur has produced insulated sandwich panels with blast-resistant and bulletproof features through a collaboration with Aluform Pekintaş. In a statement...

API Oil Stocks Decline for the Fourth Consecutive Week

Forex - The American Petroleum Institute (API) reported a decline in crude oil inventories for the fourth consecutive week, exceeding analysts' expectations.

Ac...

Former BOJ Governor Kuroda Expects More Rate Hikes in Japan

Former Bank of Japan (BOJ) Governor Haruhiko Kuroda projected that Japan is making progress towards sustainably achieving its inflation target of 2%, and as a res...

Qatar Has No Plans to Supply Gas to Europe via Syria and Turkey

Majed bin Mohammed al-Ansari, the spokesperson for the Qatari Ministry of Foreign Affairs, stated that rumors about Qatar supplying its natural gas to Europe via ...

Trump Seeks Debt Ceiling Extension: "I Don't Want to See Default"

The elected President of the United States, Donald Trump, drew attention to the necessity of extending the country's debt ceiling. Trump expressed that he expects...

No Rate Cut Expected from Fed in January

The Federal Reserve (Fed) is expected to maintain interest rates at its meeting in January 2025. This decision is influenced by inflation still remaining above th...