Forex News

Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips

Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips

Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.
RTTNews | 580 days ago
FTSE 100 Tumbles On Interest-rate Concerns

FTSE 100 Tumbles On Interest-rate Concerns

U.K. stocks tumbled on Thursday as a continued sell-off in bond markets stoked concerns about the outlook for interest rates and economic growth.
RTTNews | 580 days ago
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Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

Auto majors Honda Motor Co., Ltd. and General Motors Co., as well as Cruise LLC, self-driving car company majority owned by GM, announced that they have entered into a Memorandum of Understanding to form a joint venture to begin a driverless ridehail service in Japan in early 2026. Cruise Origin, jointly developed by GM, Cruise and Honda and purpose built for a driverless ridehail service, ...
RTTNews | 580 days ago
Bank Of Korea Maintains Status Quo

Bank Of Korea Maintains Status Quo

South Korea's central bank left its benchmark interest rate unchanged for the sixth straight session and maintained its restrictive policy stance as geopolitical tensions pose upside risks to inflation. The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to maintain the policy rate at 3.50 percent.
RTTNews | 580 days ago
Commodity Currencies Slide Amid Risk Aversion

Commodity Currencies Slide Amid Risk Aversion

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as Asian shares traded lower, amid rising bond yields to multi-year highs, concerns about the outlook for interest rates and escalating tensions in the Middle East.
RTTNews | 580 days ago
Pound Drops Against Majors

Pound Drops Against Majors

The British pound weakened against other major currencies in the Asian session on Thursday.
RTTNews | 580 days ago

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