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Market news & articles

Technology · 12 days ago

Intel Launches €5 Billion Leixlip Expansion, Says AI and Server Demand Is Raising Intel 3 Needs

Intel said on July 13 it has begun a €5 billion investment at its Leixlip campus to upgrade existing fabrication facilities, add manufacturing equipment and site infrastructure, and expand European Intel 3 wafer output for Xeon 6 and next-generation Xeon products. The company expects most of the spending by end-2027 and said the project will add several hundred jobs.

Companies & Earnings · 12 days ago

Volkswagen CEO says 20% cost gap implies about 50,000 further job cuts beyond existing reductions

Volkswagen has already agreed about 50,000 job reductions across the group, including Audi and Porsche. In a July 13 staff memo, CEO Oliver Blume said a remaining cost disadvantage of about 20% versus peers mathematically points to roughly 50,000 more cuts, while final measures are still being assessed by brand, company, and region.

Central Banks & Policy · 12 days ago

S&P Keeps Indonesia at BBB/Stable as BI Expects Support for Government Bonds

S&P affirmed Indonesia at BBB/A-2 with a stable outlook on July 13, saying weaker fiscal and external metrics should be temporary as revenue and export receipts recover and the 3% deficit ceiling remains a policy anchor. Bank Indonesia said the decision could support confidence after recent market and rupiah volatility.

Energy & Commodities · 12 days ago

June 11: OPEC cuts 2026 world oil demand growth estimate to 970,000 bpd

On June 11, OPEC lowered its 2026 global oil demand growth forecast to 970,000 barrels per day from 1.17 million, implying total demand of 106.13 million bpd. It left economic growth assumptions unchanged, raised its 2027 demand growth outlook to 1.73 million bpd, and reported May OPEC+ output at 33.13 million bpd.

Economy · 20 days ago

June 8: German April Factory Orders Fall 3.8% After March Increase, Led by Euro-Area Weakness

Destatis said German manufacturing orders fell 3.8% in April from March after a 5.0% rise in March. Foreign orders dropped 4.2%, led by an 11.1% decline from the euro area, while domestic orders fell 2.9%. Orders excluding large contracts also slipped 3.8%, and real manufacturing turnover edged up 0.1%.

Deals & Capital Markets · 24 days ago

Windrose plans U.S. SPAC merger in 2026 at valuation above $2 billion

Windrose Electric said it aims to list in the United States this year through a SPAC transaction that would value the company at at least $2 billion and is intended to raise more than $200 million by year-end. The company said it made its first U.S. delivery in April.

Economy · 24 days ago

June factory PMIs show output holding up as Middle East conflict keeps costs and supply delays elevated

Manufacturing remained in expansion in the euro zone at 51.4, Japan at 54.8 and South Korea at 52.1 in June, while survey reports cited higher energy costs, shortages and shipping delays. Several PMI surveys were largely compiled before the June 17 U.S.-Iran ceasefire memorandum, limiting visibility on post-ceasefire conditions.

Companies & Earnings · 25 days ago

Sainsbury first-quarter like-for-like sales ease to 2.1% as non-food categories weaken

In the 16 weeks to June 20, 2026, Sainsbury reported like-for-like sales excluding fuel up 2.1%, down from 3.1% in the prior quarter. Total retail sales excluding fuel rose 2.7% to 9.153 billion pounds, with grocery up 3.6%, while general merchandise and clothing fell 3.7% and Argos sales slipped 0.5%.

Technology · 25 days ago

BIS says AI capex surge could turn into financing pullback if returns fall short

In its June 2026 annual report, the BIS said the five largest hyperscalers are set to spend more than $1 trillion on AI capital expenditure in 2025-2026, with commitments exceeding earnings and, in some cases, free cash flow. The report said weaker returns could trigger financing retrenchment, wider credit stress and tighter financial conditions.

Central Banks & Policy · a month ago

Moody’s keeps India at Baa3/stable, sees room for a wider FY27 fiscal deficit on temporary energy-price pressure

Moody’s said India’s investment-grade rating and stable outlook are not at risk if the fiscal deficit for the year ending March 2027 rises to about 4.8% of GDP from the budgeted 4.3%, citing temporary energy-price pressure, 6% growth expectations and post-pandemic fiscal consolidation, while noting elevated debt-service costs.