{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Asia-Pacific markets are set to rebound following comments from U.S. Federal Reserve Chair Jerome Powell, who indicated a cautious approach to lowering interest rates amid strong economic growth. Investors in the region are focused on upcoming economic data from Japan and China, including Japan's GDP and China's retail sales and industrial output figures. Meanwhile, U.S. markets experienced declines, with the Dow Jones falling 0.47% and Tesla shares dropping 5.8%, reflecting a cooling of the so-called "Trump trades."
UBS has launched a pilot project called UBS Digital Cash, utilizing blockchain technology to enhance cross-border payments for multinational corporations, improving settlement times and transparency. The initiative allows transactions in Swiss francs and major global currencies, incorporating smart contracts for automated processing. Participants, including Autoneum, have noted significant benefits in speed and traceability, aligning with UBS's broader blockchain strategy and involvement in central bank digital currency projects.
Health insurance costs are set to rise significantly in 2025, with the head of Techniker Krankenkasse warning of a potential contribution shock due to a projected financial gap exceeding 14 billion euros. The average additional contribution is expected to increase by 0.8 percentage points, reaching 2.5 percent. Urgent reforms are needed to address the unchecked growth in healthcare costs, or annual increases of 0.5 percentage points may become the norm.
The proposed amendments to the 2024 budget maneuver include a €1,500 bonus for families with low income attending private schools, the scrapping of penalties on debts owed to the Treasury, and a reduction in capital gains tax on cryptocurrency. Other notable proposals involve a wealth tax to fund healthcare, a minimum wage of €9, and the reintroduction of the Citizenship Income and Pension. Additionally, there are calls for a state monopoly on cannabis and increased resources for the automotive sector.
AUD/USD has sharply declined, nearing its August low of $0.6349, while minor resistance is noted at $0.6476 and $0.6513. In contrast, EUR/JPY remains above last week's low of ¥163.22 but below the 200-day SMA at ¥164.85, with the October peak at ¥166.68 in sight. USD/JPY continues to rally, targeting the late May high of ¥157.70, with support at ¥154.71 and ¥153.88.
Rivian and Volkswagen have formed a joint venture to develop advanced electric vehicle technology, with Volkswagen investing $5 billion and increasing its commitment by an additional $800 million. This partnership aims to enhance Rivian's vehicle margins and accelerate software development, while both companies face challenges in the competitive EV market. The first vehicles utilizing this new architecture are expected to launch in 2027, with implications for various brands within the Volkswagen Group.
The EU is advancing its green hydrogen initiative, with Scandinavian Airlines joining a collaboration between Denmark and the Netherlands to enhance hydrogen infrastructure for aviation and other sectors. This partnership aims to create a sustainable hydrogen market, leveraging Denmark's offshore wind resources for production and export, while the Netherlands focuses on building necessary infrastructure. Delta Airlines is also exploring hydrogen fueling at Atlanta's airport, contributing to a broader push for zero-emission aviation.
Shares of vaccine manufacturers plummeted following President-elect Donald Trump's nomination of Robert F. Kennedy Jr., a noted vaccine skeptic, to lead the Department of Health and Human Services. Moderna, Novavax, Pfizer, and BioNTech all experienced significant declines, with Moderna down over 5% and Novavax falling more than 7%. Experts warn that Kennedy's influence could amplify anti-vaccine sentiments, potentially hindering vaccination efforts in the U.S.
The US Treasury has added South Korea to its foreign-exchange monitoring list, which already includes Japan and Germany, while criticizing China's lack of transparency in currency management. In its latest report, the Treasury found that no major US trading partner manipulated exchange rates to gain unfair trade advantages.
The midsize EV market has shifted dramatically, with Tesla's Model 3 Long Range RWD leading at 46,000 euros for a remarkable 702 km range. Competing models like the Xpeng G6 Long Range RWD and BYD Seal RWD offer strong alternatives, showcasing impressive specs and value, while traditional German brands struggle to keep pace.
Euro
Currency
asia markets set to rebound as wall street reacts to fed comments
Chinese Yuan
Japanese Yen
Euro
United States Dollar
NVIDIA Corporation
Tesla, Inc.
USA
CHN
JPN
Brian Evans
Matt Bartolini
Donald Trump
Jerome Powell
Sarah Min
Show more
00:44 15.11.2024
ubs launches blockchain pilot to enhance cross-border payment efficiency
Euro
United States Dollar
Chinese Yuan
Ant International
Autoneum Holding AG
HSBC Holdings plc
UBS AG
Amazon.com, Inc.
Standard Chartered PLC
NTT DATA Group Corporation
DBS Bank Ltd.
SGP
USA
CHE
CHN
Janko Hahn
Andy Kollegger
Show more
00:43 15.11.2024
Health insurance contributions expected to rise significantly in 2025
00:12 15.11.2024
avalanche of amendments proposed for 2024 budget maneuver in italy
00:08 15.11.2024
australian dollar declines sharply as us dollar strengthens against major currencies
23:07 14.11.2024
Rivian and Volkswagen form joint venture to advance electric vehicle technology
Euro
United States Dollar
XPeng Inc.
CATL
Volkswagen AG
Rivian Automotive, Inc.
USA
DEU
Herbert Diess
Carsten Helbing
Oliver Blume
Andreas Mundt
Wassym Bensaid
Show more
22:30 14.11.2024
Delta and Airbus explore hydrogen fueling for future aviation at Atlanta airport
Euro
United States Dollar
Plug Power Inc.
Scandinavian Airlines
Airbus
Delta Air Lines, Inc.
ZeroAvia
SGP
DEU
CAN
KOR
NZL
DNK
JPN
NOR
SWE
GBR
FRA
USA
ITA
NLD
Kamala Harris
Joe Biden
Sophie Hermans
Lars Aagaard
Karine Guénan
Show more
22:13 14.11.2024
vaccine maker stocks decline after trump nominates rfk jr for hhs
Euro
United States Dollar
Moderna, Inc.
Novavax, Inc.
GSK plc
BioNTech SE
Pfizer Inc.
USA
DEU
Robert F. Kennedy Jr.
Donald Trump
Show more
22:12 14.11.2024
us treasury adds south korea to foreign-exchange monitoring watchlist
Chinese Yuan
South Korean Won
Japanese Yen
United States Dollar
Euro
Apple Inc.
Samsung Electronics
KOR
22:00 14.11.2024
best value midsize electric vehicles in europe 2023
Euro
United States Dollar
VW
BYD
Tesla, Inc.
Hyundai
BMW
Audi
Polestar
Mercedes-Benz Group AG
DEU
CHN
Show more
21:42 14.11.2024
Trending
Subcategory:
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
European Securities and Markets Authority
Government Policies
CEO Changes
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Domestic Politics
Central Bank Actions
Workplace Trends
Global Trade Developments
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People:
DEUTSCHE BANK AG
Barclays plc
Natwest
UBS AG
Berkshire Hathaway Inc.
MERCK KGaA
Lloyds Banking Group plc
Hsbc Holdings B.V.
HSBC Holdings plc
Rheinmetall AG
Banco Santander SA
Standard Chartered
Delivery Hero SE
Huawei Technologies CO. Ltd.
Wells Fargo & Company
ING Groep N.V.
Unicredit
adidas AG
Google Inc.
Dell Technologies Inc.
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Chinese Yuan
Hong Kong Dollar
Japanese Yen
South Korean Won
Canadian Dollar
Saudi Riyal
Australian Dollar
United Arab Emirates Dirham
Russian Ruble
South African Rand
Nicaraguan Córdoba
Indonesian Rupiah
Qatari Riyal
Pakistani Rupee
Egyptian Pound
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.