Volvo Cars , which is majority-owned by China’s Geely , will next week pause output at its plant in Gent in Belgium for three days due to delays caused by the security situation in the Red Sea, the company said on Friday.
China’s housing ministry and financial regulator asked local governments to better coordinate with financial institutions to provide financing support to real estate projects, as policymakers work to revive the sluggish housing market.
A backlog of incomplete deals and an uncertain economic outlook mean German dealmakers are predicting a quiet first quarter and a relative fee famine until 2025 in Europe’s biggest economy.
A $30 billion gush of debt issuance by developing countries since the start of the year is sparking hope that some of the more pressed emerging market nations might be able to regain market access in 2024.
PC and microchip companies struggling to get consumers to replace pandemic-era laptops offered a new feature to crowds this week at CES: artificial intelligence (AI).
Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index.
JPMorgan Chase reported its best ever annual profit and forecast higher-than-expected interest income for 2024 even as quarterly profit fell due to a $3 billion charge the bank took to replenish a government deposit insurance fund.
Wells Fargo’s fourth-quarter profit jumped as the lender benefited from cost cuts, but it warned that 2024 net interest income could be 7% to 9% lower than a year earlier, sending its shares down 1.8% before the bell.
Volkswagen’s passenger cars brand does not expect “significant” restrictions to production due to the Red Sea attacks, a spokesperson said on Friday, after Tesla said production at its German site would be mostly halted.
