European companies are rethinking their plans for a “closed” China

China’s Ministry of Commerce said on Monday that foreign direct investment from Germany to China grew by about 30% in the first eight months of the year compared to last year. Vcg | China Optical Group | Getty Images BEIJING – European companies in China are reassessing their market plans after this year’s Covid controls … Read more

Market professionals influence what the prospects mean to investors

FedEx’s bleak initial earnings and outlook sent shockwaves through the market and stocks plunged last Friday. The Tennessee-based shipping and logistics company reported preliminary earnings for the first quarter of its fiscal year that missed Wall Street expectations of a landslide. It also withdrew full-year guidance – issued just three months ago – and said … Read more

European markets open for closing, earnings, data and news

Fortum shares soar 9.5% ahead of Uniper deal Fortum Shares rose 9.5% in afternoon trading on Tuesday on news that the German government was closing a deal to nationalize the gas giant. Uniper. Germany is considering buying Finnish energy company Fortum’s controlling stake in Uniper, details are expected to be announced on Wednesday. Karen Gilchrist … Read more