Swiss Central Bank Lifts Minimum Reserve Requirement

The Swiss National Bank raised the minimum reserve requirement for domestic banks, which is set to reduce its payout. The SNB lifted the minimum reserve ratio to 4 percent from 2.5 percent. The bank also made changes to

Cognizant And Microsoft To Expand Partnership For Generative AI Adoption In Enterprises

Cognizant (CTSH) and Microsoft Corp. (MSFT) announced Monday an expanded partnership with the goal of making Microsoft's generative AI and Copilots available to millions of users, to transform enterprise business

DaVita Set To Achieve 100% Renewable Energy Consumption Goal By 2025

Kidney care services provider DaVita (DVA) said Monday it expects to match 100% of its electricity use across its global operations with renewable energy purchases by 2025. DaVita has contracted with ACCIONA Energía on a

War Clouds, Fed Hawks Helped Dollar Firm Up Last Week

An escalation in geopolitical tensions in the Middle East coupled with hawkish commentaries from Fed officials supported the Dollar during the week spanning April 15 to 19.

Tesla Slashes Car Prices In China After US Cuts

Tesla Inc. has cut prices across its various models in China, after similar cuts in the United States, as the luxury electric car maker is struggling with slower demand and severe competition. On the Nasdaq Stock

Pound Falls On BoE Rate Cut Hopes

The pound dropped against its major counterparts in the European session on Monday, as investors expect the Bank of England to start reducing interest rates in August following dovish comments from Bank of England Deputy

Singapore Shares Expected To Open To The Downside

The Singapore stock market on Friday wrote a finish to the two-day winning streak in which it had collected more than 40 points or 1.3 percent. The Straits Times Index now rests just above the 3,175-point plateau and

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market emphatically ended the two-day winning streak in which it had advanced almost 400 points or 2 percent. The Taiwan Stock Exchange now sits just above the 19,525-point plateau and it may take

China Bourse May Take Further Damage On Monday

The China stock market on Friday ended the two-day winning streak in which it had collected almost 70 points or 3.4 percent. The Shanghai Composite Index now sits just above the 3,065-point plateau and it's expected to

Continued Selling Pressure Expected For Hong Kong Shares

The Hong Kong stock market on Friday ended the two-day winning streak in which it had advanced almost 140 points or 0.9 percent. The Hang Seng Index now sits just beneath the 16,225-point plateau and it's expected to