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Schaeffler AG plans to cut its German workforce through an expanded phased-retirement program as weak automotive demand continues to pressure the supplier.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early European trading hours on Wednesday. WTI declines on mixed US-Iran messages.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann analysts report GBP/USD traded quietly between 1.3423 and 1.3456 after a prior spike to 1.3506.
China’s foreign exchange reserves barely budged last year despite a record US$1.18 trillion trade surplus, as the country’s massive external earnings increasingly wound up on the balance sheets of…
“The story that it is bringing back manufacturing is really not the story,” economist Mary Lovely warned. “Manufacturing is not coming back.”
The Fed's renewed inaction triggered a sell-off in the bond markets. A suspicion is circulating: the central bank may try to shift responsibility onto the markets.
Glencore Plc reported a steep jump in profits after a surge in the price of its most important commodities and its trading unit had one of its best ever periods as the Iran war sent energy prices…