On Friday, the Reserve Bank of India (RBI) made a significant move by reducing key interest rates for the first time in nearly five years. In a decision met with anticipation, the Monetary Policy Committee (MPC) lowered the repo rate by 25 basis points to 6.25%. This adjustment signals a strategic shift as the central
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L’Oreal, the leading name in the cosmetics industry, faced a less-than-ideal performance in the fourth quarter of last year, reporting sales that fell short of analyst expectations. The company recorded sales of €11.08 billion ($11.49 billion) for the three months ending in December, which represented a modest increase of 2.5% on a like-for-like basis. This
Novo Nordisk, a key player in the pharmaceutical industry known for its innovative treatment options, has recently announced its fourth quarter results, showcasing impressive performance driven primarily by the demand for its Wegovy obesity drug. While the company reported significantly higher net profits compared to market expectations, concerns regarding future sales growth have surfaced, highlighting
In an unexpected turn of events, shares of Alphabet, the parent company of Google, experienced a significant decline of over 9% in after-hours trading following the announcement of their fourth-quarter earnings. The company reported revenues falling short of Wall Street’s expectations, despite earnings per share (EPS) that marginally surpassed analyst predictions. According to the financial
The latest data from Eurostat suggests that inflation within the eurozone has demonstrated unexpected resilience, accelerating to 2.5% on an annual basis for January. This figure surpassed many economists’ predictions, who were largely anticipating a stable reading of 2.4%, unchanged from the previous month. The underlying dynamics of inflation, particularly concerning the components that make
The onset of a new trading month has commenced with significant upheaval in the U.S. stock market, as stock futures experienced a dramatic decline due to fresh developments in trade policy. Investors are currently navigating the implications of newly imposed tariffs on imports from Mexico, Canada, and China. This situation is particularly alarming given the
The interplay between technology and geopolitics has never been more pronounced than in the current climate surrounding artificial intelligence (AI) development. Recent remarks from Singapore’s Ministry of Trade and Industry (MTI) regarding U.S. companies’ compliance with export controls highlight the fragility of international tech relationships. The spotlight is particularly on DeepSeek, a Chinese company that
In a significant shift in U.S. trade policy, President Donald Trump announced the implementation of aggressive tariffs on major trading partners, including Mexico, Canada, and China. This decision has raised considerable concerns across various sectors, igniting debates over its broader economic implications. The White House confirmed that tariffs of 25% on Mexico and Canada, and
Royal Dutch Shell, a stalwart in the global oil and gas sector, has recently released its annual financial results for 2024, marking a notable decline in profit. Reporting adjusted earnings of $23.72 billion, the company saw a decrease from the previous year’s profit of $28.25 billion. This decline can be attributed to various factors including
In a remarkable display of financial prowess, Norway’s sovereign wealth fund has once again outdone itself, reporting a staggering profit of 2.5 trillion kroner (approximately $222.4 billion) for the fiscal year 2024. This achievement not only surpasses the previous year’s record of 2.22 trillion kroner, but it positioning the fund as a powerhouse in the