News

National Highway Traffic Safety Administration: Ford Motor Co. is recalling some U.S. vehicles because unintentional downshifting into second gear could cause the vehicle to lose control and increase the risk of a crash.

National Highway Traffic Safety Administration: Ford Motor Company will recall 1,392,935 vehicles in the United States.

Bank of America: Investors withdrew $172.2 billion from cash assets last week, a record high.

Bank of America: Fund outflows from emerging market stocks reached US$10.5 billion, the largest weekly outflow in 11 weeks; capital outflows from the Korean stock market reached US$2.5 billion, a record high.

Bank of America: European stock markets experienced an outflow of US$4.7 billion in the past week, the largest since November 2024.

RBC CUTS IBM TARGET PRICE TO $330 FROM $361

Prime Minister of Pakistan: I welcome the ceasefire in Lebanon brokered by bold and smart diplomatic efforts led by US President Trump and hope that it will pave the way for sustainable peace. Pakistan reaffirms its firm support for the sovereignty and territorial integrity of Lebanon and will continue to support all efforts aimed at achieving lasting peace in the region.

Counterpoint Research data shows that Apple’s iPhone shipments in China increased by 20% in the first quarter.

Australia's S&P/ASX200 index closed down 15.40 points, or 0.17%, on Friday, April 17, at 8939.60 points.

The U.S. House of Representatives unanimously passed a bill to extend the authorization period of the Foreign Intelligence Surveillance Act (FISA) until April 30.

French Defense Minister: Belgium, the Netherlands, France and other European countries have demining capabilities.

French Defense Minister: Belgium, the Netherlands, France and other European countries have demining capabilities.

The governor of Ukraine's Odessa region said Russian drones struck damaged port infrastructure in the region at night.

Uber (UBER.N) spent 270 million euros to increase its stake in Delivery Hero.

The International Monetary Fund expects the European Central Bank to raise interest rates by 0.5 percentage points in 2026.

JPMorgan lowered its price target on Netflix (NFLX.O) to $118 from $120.

Deutsche Bank expects the Fed to keep interest rates unchanged in 2026, compared with its previous forecast of a rate cut in September.

Romania's Defense Ministry said radar captured a Russian drone violating the country's airspace.

Japanese Prime Minister Sanae Takaichi plans to release 50 million pairs of medical gloves from stockpiles due to shortages of medical supplies caused by war in the Middle East. Japanese doctors have warned that if supplies of Gulf oil and naphtha are disrupted, it could lead to severe shortages of medical supplies within two months and could even force the closure of cash-strapped medical institutions that cannot afford soaring prices.

The oil crisis triggered by the Iran war left Asian countries scrambling to find alternatives. Fuel suppliers in Asia are rushing to snap up biofuels as they become cheaper than fossil fuels for the first time. According to Argus Media, European benchmark biodiesel prices began to trade below conventional diesel prices in late March, while Asian palm oil futures prices also fell below diesel prices in early April.