Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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BMW navigates chip crisis to book higher profits

November 03, 2021: German luxury carmaker BMW said Wednesday that it was able to book a significant increase in profits in the third quarter, despite a global shortage in computer chips plaguing much of the

European equity markets flat before Fed

November 03, 2021: Europe's main stock markets flatlined on Wednesday, before the outcome of a critical US monetary policy meeting. The US Federal Reserve is expected to announce plans to begin tapering its stimulus as

ADB, EIB sign MOU on core areas of climate, environment

November 3, 2021: The presidents of the Asian Development Bank (ADB) and European Investment Bank (EIB) signed a memorandum of understanding (MOU) yesterday setting out areas of cooperation in Asia and the Pacific over the

European stock markets mixed at open

November 02, 2021: Europe's main stock markets opened mixed Tuesday, with London lower, Frankfurt up and Paris flat awaiting major central bank decisions this week. London's benchmark FTSE 100 index dropped 0.3 percent to 7,267.63

European stocks rise at open

November 01, 2021: Europe's main stock markets climbed at the start of trading on Monday following gains across much of Asia. London's benchmark FTSE 100 index added 0.3 percent to 7,256.46 points. In the eurozone,

Eurozone maintains growth as inflation surges

October 29, 2021: The Eurozone economy maintained its healthy recovery from the pandemic at 2.2 percent, Eurostat said Friday, but surging inflation on high energy prices clouded future progress. Year-on-year inflation rocketed to a 13-year

European stocks drop at open

Oct 29, 2021: European stock markets slid at the open on Friday, with traders closing out the week by booking recent profits. London's benchmark FTSE 100 index dropped 0.7 percent to 7,197.57 points. In the

Amazon, Apple weighed down by chip troubles

October 29, 2021: Amazon and Apple announced billions of dollars in quarterly profits on Thursday, but supply chain bottlenecks and the global chip shortage dented the tech giants, which have been riding a pandemic-stoked boom.

European stocks stable at open awaiting ECB

October 28, 2021: European stock markets steadied at the open Thursday awaiting the outcome of a key ECB meeting as the eurozone and wider economy battle high inflation. London's benchmark FTSE 100 index dropped 0.1

Ford lifts forecast, citing better semiconductor supply

October 28, 2021: Ford reported better-than-expected results Wednesday, citing a “significant” improvement in semiconductor availability in the latest quarter and announcing it would restore dividends. The Detroit giant, which has joined other major automakers in cutting

GM Q3 profit drops to $2.4bn amid semiconductor crunch

October 27, 2021: Amid a semiconductor shortage that has hit auto sales, General Motors said Wednesday the company's third quarter profit fell to $2.4 billion. “The quarter was challenging due to continuing semiconductor pressures,” GM

European stocks lower as Germany cuts growth outlook

October 27, 2021: Europe's main stock markets opened lower Wednesday after Germany downgraded its growth outlook, while traders awaited a UK government budget update. London's benchmark FTSE 100 index shed 0.1 percent to 7,271.83 points, awaiting

European stocks rise at open after US records

October 26, 2021: European stock markets climbed at the open on Tuesday following fresh record highs on Wall Street. London's benchmark FTSE 100 index gained 0.2 percent to 7,237.27 points. In the eurozone, Frankfurt's DAX

BMW navigates chip crisis to book higher profits

November 03, 2021: German luxury carmaker BMW said Wednesday that it was able to book a significant increase in profits in the third quarter, despite a global shortage in computer chips plaguing much of the

European equity markets flat before Fed

November 03, 2021: Europe's main stock markets flatlined on Wednesday, before the outcome of a critical US monetary policy meeting. The US Federal Reserve is expected to announce plans to begin tapering its stimulus as

ADB, EIB sign MOU on core areas of climate, environment

November 3, 2021: The presidents of the Asian Development Bank (ADB) and European Investment Bank (EIB) signed a memorandum of understanding (MOU) yesterday setting out areas of cooperation in Asia and the Pacific over the

European stock markets mixed at open

November 02, 2021: Europe's main stock markets opened mixed Tuesday, with London lower, Frankfurt up and Paris flat awaiting major central bank decisions this week. London's benchmark FTSE 100 index dropped 0.3 percent to 7,267.63

European stocks rise at open

November 01, 2021: Europe's main stock markets climbed at the start of trading on Monday following gains across much of Asia. London's benchmark FTSE 100 index added 0.3 percent to 7,256.46 points. In the eurozone,

Eurozone maintains growth as inflation surges

October 29, 2021: The Eurozone economy maintained its healthy recovery from the pandemic at 2.2 percent, Eurostat said Friday, but surging inflation on high energy prices clouded future progress. Year-on-year inflation rocketed to a 13-year

European stocks drop at open

Oct 29, 2021: European stock markets slid at the open on Friday, with traders closing out the week by booking recent profits. London's benchmark FTSE 100 index dropped 0.7 percent to 7,197.57 points. In the

Amazon, Apple weighed down by chip troubles

October 29, 2021: Amazon and Apple announced billions of dollars in quarterly profits on Thursday, but supply chain bottlenecks and the global chip shortage dented the tech giants, which have been riding a pandemic-stoked boom.

European stocks stable at open awaiting ECB

October 28, 2021: European stock markets steadied at the open Thursday awaiting the outcome of a key ECB meeting as the eurozone and wider economy battle high inflation. London's benchmark FTSE 100 index dropped 0.1

Ford lifts forecast, citing better semiconductor supply

October 28, 2021: Ford reported better-than-expected results Wednesday, citing a “significant” improvement in semiconductor availability in the latest quarter and announcing it would restore dividends. The Detroit giant, which has joined other major automakers in cutting

GM Q3 profit drops to $2.4bn amid semiconductor crunch

October 27, 2021: Amid a semiconductor shortage that has hit auto sales, General Motors said Wednesday the company's third quarter profit fell to $2.4 billion. “The quarter was challenging due to continuing semiconductor pressures,” GM

European stocks lower as Germany cuts growth outlook

October 27, 2021: Europe's main stock markets opened lower Wednesday after Germany downgraded its growth outlook, while traders awaited a UK government budget update. London's benchmark FTSE 100 index shed 0.1 percent to 7,271.83 points, awaiting

European stocks rise at open after US records

October 26, 2021: European stock markets climbed at the open on Tuesday following fresh record highs on Wall Street. London's benchmark FTSE 100 index gained 0.2 percent to 7,237.27 points. In the eurozone, Frankfurt's DAX