TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Nissan Motor Corp. announced a global workforce reduction of 9,000 people, or about 6% of its more than 133,000 employees, as well as a plan to slash global production capacity by 20%. Uchida declined to say which regions will be affected by the…
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For more on artificial intelligence (AI) in investment management, check out The Handbook of Artificial Intelligence and Big Data Applications in Investments, by Larry Cao, CFA, from the CFA Institute Research Foundation. Artificial intelligence (AI) has created substantial buzz and substantial fear in the business world and popular culture alike. Everyone has heard of ChatGPT and other generative AI platforms, and more and more people are using them in both their personal and professional lives. The investment world is no different, and financial professionals are searching for ways to both implement generative AI and protect themselves from it. While AI…
Image source: Getty Images Glencore’s (LSE: GLEN) share price is down 26% from its 20 May 12-month traded high of £5.05. Much of this is due to sluggishness in several of its key commodities markets. And this is the result of uncertainty over the economic prospects of China – the world’s largest commodities buyer. However, China achieved its 5%+ economic growth target last year and has the same in place this year. And in September it announced the biggest economic stimulus measures since the end of the pandemic. Crucial to me here is what such growth means for its demand…
By Rachel More and Matthias Williams BERLIN (Reuters) – Germany’s opposition conservatives urged Chancellor Olaf Scholz to allow a vote of confidence immediately and hold elections in January, the day after his rocky three-way coalition collapsed and plunged the country into political chaos. The coalition fell apart on Wednesday when years of tensions reached their peak in a row over how to plug a multi-billion-euro hole in the budget and how to revive Europe’s largest economy, which is headed for its second year of contraction. The break-up came a day after the election of Republican Donald Trump to a second…
If you’ve ever thought about buying cryptocurrency, it can be difficult to know where to start. There’s no hard and fast rule on whether crypto is a “good” investment for you, but there are a few important things to research that may help you decide. Here are five tips for researching crypto. 5 tips for researching and analyzing crypto 1. Read the white paper A crypto white paper is the document created by the developers of the crypto project that outlines the crypto’s history, purpose and projected future, along with its technical foundations. Typically, the paper explains what problem the…
IIGCC publishes guidance to support investors in consideration of climate solutions investments, specifically focused on renewable energy generation infrastructure.
Image source: Getty Images As 2025 approaches, many of us are thinking about new financial goals and one great place to start is with a Stocks and Shares ISA. ISAs are a popular investment option in the UK, allowing individuals to invest in a wide range of stocks, commodities and other assets, tax-free. With the recent changes meaning higher capital gains tax is paid on share sales, an ISA is now more appealing than ever. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this…
By Selena Li, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – More U.S. financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about geopolitical tensions in a Donald Trump presidency, industry executives and analysts said. Mainland China was a lucrative market for Wall Street investment banks and major U.S. asset managers to expand in the decade leading up to the pandemic as the world’s second-largest economy recorded double-digit economic growth. However, those firms now face risks of even more trade tensions between Beijing and Washington under a new…
ATLANTA and STOCKHOLM, Nov. 7, 2024 /PRNewswire/ — Sinch [Sinch AB (publ) “ (XSTO: SINCH)], which is pioneering the way the world communicates through its Customer Communications Cloud, is pleased to have been named as an Established Leader in RCS Business Messaging by research firm Juniper Research. Sinch has been recognized for its superior product and positioning, and unmatched capacity and capability. Juniper Research scores vendors on a range of factors including but not limited to their geographical reach, depth of partnerships, RCS value-added services, notable RCS deployments and innovation. Sinch is simplifying RCS onboarding and offering multiple pathways to…
UK supermarket Sainsbury’s maintains profit outlookA Sainsbury’s sign stands on top of a fuel station gantry, in view of an Asda sign above the entrance to the supermarket in Watford, U.K., on Monday, April 30, 2018. Chris Ratcliffe | Bloomberg | Getty ImagesU.K. supermarket group Sainsbury’s has reported a 3.7% rise in retail underlying operating profit for the first half of the fiscal year.The U.K.’s second-largest supermarket chain said retail underlying operating profit rose to £503 million ($650.7 million) in the six months to Sept.14 , up from £485 million in the same period last year.It added that it expected to…