World Economic Magazine - World Economic Magazine

Analysis: A digital dollar is years away as U.S. Fed kicks issue to Congress

While the Federal Reserve's paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its…

5 years ago

Ukraine tensions lift dollar, yuan holds firm

LONDON, Jan 24 (Reuters) - The dollar rose to a two-week high on Monday against a basket of currencies, lifted…

5 years ago

Chip supplier ASML forecasts strong 2022 despite fire hit

ASML forecast sales growth of 20% in 2022 despite a fire this month at its Berlin plant as the supplier…

5 years ago

Stellantis Celebrates First Anniversary as it Speeds Transformation to Sustainable Mobility Tech Company

Born from the bold and visionary spirit of its founding companies, Stellantis N.V. was created to shape the future of…

5 years ago

Goldman profit hit by weaker trading, rising expenses; shares tumble

Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations,…

5 years ago

Sony slides on ‘monumental challenge’ from Microsoft gaming deal

Shares in Japan's Sony Group (6758.T) fell 9% on Wednesday after gaming rival Microsoft (MSFT.O) said it will buy developer Activision Blizzard (ATVI.O) in a record…

5 years ago

Cadence Design Systems aims to cash in on new custom-chip era

Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global…

5 years ago

Oil highest since 2014 as Turkey outage adds to tight supply outlook

Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased…

5 years ago

Ford records $8.2 bln fourth-quarter gain from Rivian investment

Ford Motor Co (F.N) said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive…

5 years ago

Jewellery helps Richemont sales jump amid post-pandemic luxury revival

Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at…

5 years ago