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Apple Cancels Electric Car Project

Apple Inc. is canceling its electric car project, which was under development for nearly 10 years, Bloomberg reported, citing people with knowledge of the matter. The tech major is likely to move some of the nearly 2,000 employees in the Special Projects Group, called Project Titan, to its generative artificial intelligence or AI division.
RTTNews | 946 hari yang lalu
Sensex, Nifty Tumble Ahead Of US Inflation Data

Sensex, Nifty Tumble Ahead Of US Inflation Data

Indian shares fell sharply on Wednesday as investors awaited key inflation readings in the U.S. and Europe, Q4 U.S. GDP data and China PMI figures this week for directional cues.
RTTNews | 946 hari yang lalu
Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners

Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners

Hong Kong Financial Secretary Paul Chan on Wednesday scrapped measures intended to cool the property market, and raised the tax on high income earners to plug the hole in the budget. In the Budget Speech, Chan estimated economic growth of 2.5- 3.5 percent in 2024 after posting an expansion of 3.2 percent in 2023.
RTTNews | 946 hari yang lalu
European Shares Mixed Amid Earnings Deluge

European Shares Mixed Amid Earnings Deluge

European stocks were mixed on Wednesday as investors awaited the release of key U.S. and Eurozone inflation readings along with Chinese PMI data this week for directional cues.
RTTNews | 946 hari yang lalu
FTSE 100 Declines On Earnings

FTSE 100 Declines On Earnings

U.K. stocks traded lower on Wednesday as investors digested a slew of mixed earnings updates and looked ahead to the release of U.S. and Eurozone inflation readings this week for directional cues.
RTTNews | 946 hari yang lalu
DAX Marginally Higher Ahead Of US GDP Data

DAX Marginally Higher Ahead Of US GDP Data

German stocks were slightly higher on Wednesday as investors awaited key inflation readings in Europe and the U.S. this week for clues on the interest-rate outlook.
RTTNews | 947 hari yang lalu
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Asian Shares Mixed As Rate Cut Worries Persist

Asian Shares Mixed As Rate Cut Worries Persist

Asian stocks ended on a mixed note Wednesday as worries over rate cuts persisted, and investors awaited the release of U.S. and Eurozone inflation readings as well as Chinese PMI data this week for near-term direction.
RTTNews | 947 hari yang lalu
U.S. Dollar Rises, Focus On U.S. Inflation Data

U.S. Dollar Rises, Focus On U.S. Inflation Data

The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday, as traders await the inflation due Thursday for signals on U.S. Federal Reserve's action on interest rate cut.
RTTNews | 947 hari yang lalu
Kiwi Falls As RBNZ Monetary Policy Spurs Less Chance Of Rate Hike

Kiwi Falls As RBNZ Monetary Policy Spurs Less Chance Of Rate Hike

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the New Zealand's central bank left the benchmark interest rate unchanged for the fifth straight meeting, as widely expected, and suggested that the rate will remain tight for a sustained period of time.
RTTNews | 947 hari yang lalu
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 947 hari yang lalu

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