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  • Dec 04, 2024

Canadian Solar Margins Shrink In Q3, Stock Slides

Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading lower after the company reported third-quarter 2024 results below street expectations. The company reported an 18% year-over-year revenue decline to $1.51 billion, missing the consensus estimate of $1.71 billion. The decline reflects lower module ASPs and reduced project sales, partially offset by increased sales of battery energy storage solutions and higher solar module shipment volumes. The gross margin declined 20% YoY to $247.44 million a

  • Dec 04, 2024

European Stocks Rise as Investors Look Beyond French Crisis

(Bloomberg) -- European stocks gained for a sixth straight session in the longest winning streak since May, as investors weighed the latest developments in turbulent French politics. Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Stoxx Europe 600 Index was up 0.4% b

  • Dec 04, 2024

Kenya Surprises With Big Interest Rate Cut to Prop Economy

(Bloomberg) -- Kenya’s central bank slashed its benchmark interest rate by a bigger-than-expected margin as muted inflation allows it to offer support to the East African economy.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe monetary policy committee lowered the ke

  • Dec 04, 2024

Explainer-What OPEC+ oil output cuts are currently in place?

Those include three tranches: 1. million bpd by all OPEC+ members - extended on Dec. 5 by one year until the end of 2026 from the end of 2025. million bpd of voluntary cuts by eight members (Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia and the United Arab Emirates) - extended on Dec. 5 by one year until the end of 2026 from the end of 2025.

  • Dec 04, 2024

French bonds, stocks take a breather after government collapse but uncertainty remains

LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier's government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is hunting for a new prime minister, a day after opposition to Barnier's 60-billion euro ($63 billion) belt-tightening effort led far-right and leftist lawmakers to vote his government out.

  • Dec 04, 2024

Gold Slips Before Key US Jobs Data That May Impact Fed Decision

(Bloomberg) -- Gold slipped as traders awaited a key US jobs report that may influence the Federal Reserve’s next interest-rate decision.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsEconomists estimate that US nonfarm payrolls, due Friday, rose by 218,000 in November,

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