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GM To End Chevy Malibu Production

GM To End Chevy Malibu Production

Automajor General Motors plans to end production of its gasoline-powered Chevrolet Malibu car later this year as it prepares to produce new electric vehicles, reports said. Chevy Malibu, which was launched in 1964, has since been sold more than 10 million in numbers. The Malibu will end its production in November.
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China Exports & Imports Rebound In April

China Exports & Imports Rebound In April

China's exports and imports rebounded more than expected in April after a weak trade data in the previous month that boost hopes that net trade would support economic growth, official data revealed Thursday. Largely due to the lower base of comparison, exports advanced 1.5 percent on a yearly basis in April, the customs office reported. This was faster than the 1.0 percent expected growth and rev
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Philippine GDP Growth Improves Less Than Expected In Q1

Philippine GDP Growth Improves Less Than Expected In Q1

The Philippine economy expanded at a faster pace in the first quarter but the rate fell short of expectations on weaker domestic demand growth amid tight monetary policy. Gross domestic product grew 5.7 percent from a year ago after rising 5.5 percent in the fourth quarter of 2023, the Philippine Statistics Authority reported Thursday. Growth was seen at 5.9 percent.
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CAC 40 Slips Into Red In Cautious Trade

CAC 40 Slips Into Red In Cautious Trade

French stocks declined on Thursday as uncertainty over Fed rate cuts deepened and Israel forces pushed ahead with attacks on Rafah.
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DAX Inches Higher Ahead Of BoE Meeting

DAX Inches Higher Ahead Of BoE Meeting

German stocks saw modest gains in cautious trade on Thursday ahead of the monetary policy announcement from the Bank of England (BoE) later in the day.
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NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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European Economic News Preview: Bank Of England Policy Announcement Due

European Economic News Preview: Bank Of England Policy Announcement Due

The monetary policy announcement from the Bank of England is the only major event due on an otherwise light day for European economic news. The nine-member monetary policy committee of the BoE is widely expected to keep the benchmark rate unchanged for the sixth consecutive meeting. At 5.25 percent, the current Bank Rate is the highest since early 2008.
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