Mercer International (NASDAQ:MERC) Inc. experienced a decline in EBITDA during the fourth quarter of 2023, reporting $21 million, which was down from $38 million in the previous quarter. The company\'s fiscal year EBITDA saw a substantial drop to $17 million from the previous year\'s $537 million, attributed to weaker market conditions. However, the company noticed...
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had...
Chinese internet company Baidu Inc.\'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China\'s most popular ChatGPT-like chatbot, was released to the public in August last year. In December, the company had said that Ernie Bot\'s users reached over 100 million....
European stocks are seen opening on a positive note Thursday after the S&P 500 set a closing record overnight. Asian markets were mostly higher, led by mainland China and Hong Kong. Japan\'s Nikkei index fell over 1 percent as several heavyweight stocks traded ex-dividend and investors closely monitored fluctuates in the yen. Japan\'s three main...
The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive. The benchmark SMI ended with a gain...
Indian shares look set to open higher on Monday after U.S. Federal Reserve Chair Jerome Powell rang the bell to start rate cuts, though he didnt provide specific information on when, or by how big any cuts to the borrowing cost would be. Meanwhile, rising oil prices due to an escalating conflict in the Middle...
French stocks rose on Friday, though overall gains remained capped ahead of the release of the Federal Reserve\'s preferred inflation measure due later in the day. Meanwhile, France\'s consumer confidence unexpectedly decreased in April, monthly survey data from the statistical office INSEE showed earlier today. The consumer sentiment index dropped to 90 in April from...
While reporting financial results for the second quarter on Thursday, biopharmaceutical company AbbVie, Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2024. For fiscal 2024, AbbVie now projects adjusted earnings in a range of $10.71 to $10.91 per share, which includes an unfavorable impact of $0.60 per share related to acquired IPR&D and...
China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan. JunHe’s Partner Chen Xin recently co-authored and published The Anti-Money Laundering Challenges and Opportunities of the Digital Yuan, an article that analyzes China’s central bank digital currency (CBDC)’s AML compliance. JunHe’s Report on Digital Yuan AML Compliance...
European stocks spent much of the day\'s session in the red on Wednesday, and although a few markets managed to close in positive territory, the mood remained cautious with a negative bias due to geopolitical concerns, and worries about Chinese demand. Investors digested regional inflation data and looked forward to the European Central Bank\'s rate-setting...