General Motors posted stronger-than-expected third-quarter earnings Tuesday while repeating its full-year profit outlook, as higher car prices helped fuel record sales for the biggest U.S. automaker. General Motors said adjusted earnings for the three months ending in September came in at $2.25 per share, up 48.5% from the same period …

The British pound rose on Tuesday, boosted by an improvement in risk appetite as Rishi Sunak prepares to take over as Britain’s prime minister. At the same time, the euro stabilized ahead of the European Central Bank’s expected rate hike on Thursday. The dollar rose slightly, but not far from …

The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected. The IFO Expectations Index – …

European shares gained on Tuesday after a series of better-than-expected earnings reports helped allay fears of rapid interest rate increases and a slowdown in the euro-zone economy. The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with the media and technology sectors compensating for losses in chemical shares. SAP …

Japanese stocks rose on Tuesday, October 25 as electric car maker Nidec Corp. started its earnings season with solid results and boosted hopes that other companies might benefit from the weak yen. The index rose at the beginning of trading today only 0.51%, but ended trading up 1.02%, while the …

The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt’s decision to drop out of the contest. Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.

Gold prices fell on Monday (October 24th) as the dollar rose as investors sought to clarify whether the US Federal Reserve would ease monetary policy. And the price of gold in spot transactions fell 0.4% to $ 1650.77 an ounce by 0754 GMT, while US gold futures fell 0.1% to …

Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world’s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption. Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, …

European shares jumped on Monday, boosted by hopes the Federal Reserve will slow the pace of interest rate hikes, as investors braced for a busy week that includes an important European Central Bank interest rate decision. The pan-European STOXX 600 index rose 1.3 percent by 0708 GMT, with the travel, …