He said that BA had to burn its way through $3.9bn of its cash reserves in Q1 as it was affected by heavier operating costs as well as revenue being lowered through making fewer plane deliveries. The result could be that Boeing ends up in a negative cash situation in 2024. Earlier cash projections had…
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Trade regulators in Brussels stated that, based on the findings of an examination of Chinese government subsidies, they could revise the current import costs of Chinese-made electric vehicles (EVs). Ursula von der Leyen, the European Commission president, said that it would be a bespoke investigation and any duties would align with the “level of damage”.…
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IC Insights powered by TipRanks, taps into cutting-edge tools like News Sentiment, Investor Sentiment, Analysts Ratings, and Trending Stocks to help clients make data-driven decisions, all at no cost. The News Sentiment tool aggregates sentiment and buzz from over 130 financial news websites, offering IC Markets clients unique insights into the bullish and bearish sentiment…
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According to the Eurex press release, this is part of the Spanish financial institution’s expansion of its FX futures trade and highlights current trends toward listed FX business. Banco Santander (SAN) underpins this expansion as the clearing member and Deutsche Bank (DB) as the liquidity provider. Don’t miss out the latest news, subscribe to LeapRate’s…
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The government’s provisional 2024/2025 budget reflected a dividend of 1.02tn INR. Based on CNBC data, the RBI transferred 874.16bn INR to the government for the 2023 fiscal year. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Analysts speculate that the RBI earned higher interest on securities and this hiked its total income. This,…
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Its new funding efforts were led by Index Ventures and could be taken as a sign that investors remain keen to put large sums of money into the AI space. ICONIQ Growth and Teachers’ Venture Growth, Atomico and WiL all took part in the funding round. DeepL aims to use this cash to carry on…
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According to Bloomberg, an anonymous source familiar with the matter said that the city-state “tapped the market” for $2.5bn SGD and fixed a 3.3% yield for this bond. Based on data compiled by Bloomberg, governments and companies have sold green bonds for an unprecedented value of $260bn since the start of the year. This is…
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In mid-April 2024, Elon Musk, the electric vehicle (EV) maker’s CEO, indicated that the company would reduce its workforce by 10% in response to global economic pressures and a decrease in demand. At this time, Musk stated this is a “difficult decision” as the company employs more than 140,470 workers. He wrote: There is nothing…
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In its Chapter 11 filing, the Florida-based chain listed assets and liabilities between $1bn and $10bn each. Under this petition, the company can continue operations while devising debt repayment plans. Red Lobster will reportedly allow its lenders to control the organisation. According to Bloomberg, these financiers agreed to pay $100m to help the company through…
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This came after the cruise line operator decided to raise its outlook for full-year profits in the face of what it called “very strong demand”. A presentation of its strategy titled ‘Charting the Course’ was included in this update made at the company’s investor day, and it laid out its plans to increase shareholder returns.…
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