News

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Wed, 17 Mar 2021 08:15:10 GMT

BMW expects profit growth this year

On Wednesday, German carmaker BMW stated it is anticipating a significant year-over-year growth in its 2021 pretax profit, as the company sees a robust performance in all segments.

Wed, 17 Mar 2021 07:37:15 GMT

China's Baidu to attract $3.1B from listing

Baidu, China's internet search giant, is planning to raise as much as $3.08B from its secondary listing in Hong Kong, Reuters reported on Wednesday.

Wed, 17 Mar 2021 06:03:25 GMT

US retail sales decline in February

As reported by the US Commerce Department on Tuesday, US retail sales declined by 3% in February.

Wed, 17 Mar 2021 05:00:47 GMT

Mastercard to postpone card fee hikes

Mastercard Inc has suspended the interchange fee increase until next year April, the company announced on Tuesday.

Wed, 17 Mar 2021 04:08:51 GMT

S&P 500 hits all-time high

On Tuesday, the S&P 500 index hit all-time highs, as investors and traders await the US Federal Reserve meeting later this week.

Wed, 17 Mar 2021 02:29:55 GMT

Crude oil prices edge lower

Crude oil prices edged lower for a third consecutive trading session on Tuesday. Brent crude was down by 1.6% to $67.78 a barrel, while the US crude fell by 1.9% to $64.13 per barrel.

Tue, 16 Mar 2021 21:01:01 GMT

Brazil economy creates record number of jobs

The economy of Brazil created more than 250,000 jobs in January, the strongest growth since records began in 1992, a report published by the Economy Ministry shows.

Tue, 16 Mar 2021 20:01:08 GMT

Nokia to cut 10,000 jobs

Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.

Tue, 16 Mar 2021 17:53:18 GMT

Volkswagen is worth €200B

Volkswagen, the world's second largest car manufacturer, is worth €200B, the Chief Executive Officer Herbert Diess says.

Tue, 16 Mar 2021 17:23:16 GMT

US business inventories rise

US business inventories increased 0.3% in January after rising 0.8% in December, a report published by the Commerce Department shows.

Tue, 16 Mar 2021 16:29:51 GMT

US retail sales decline

US retail sales declined 3% to $561.7B in February, compared to the previous month, data published by the US Commerce Department show.

Tue, 16 Mar 2021 14:41:21 GMT

JPM's M&A chief leaves for Barclays

The Southeast Asia M&A chief of JPMorgan Chase & Co, Ee Ching Tay, stepped down from his role at the lender to head Barclays' Southeast Asian investment banking, according to Reuters.

Tue, 16 Mar 2021 14:19:04 GMT

Ford's JV to build e-vans from 2023

On Tuesday, Ford Motor said its Turkish joint venture is set to start building its Transit van's next version for the EU market in 2023, including hybrid and fully electric variants.

Tue, 16 Mar 2021 13:35:44 GMT

Foxconn considers EV production

Apple's major supplier Foxconn considers making electric vehicles at the Wisconsin high-profile plant in the US, though also thinks over Mexico, the Taiwanese company's chairman said on Tuesday.

Tue, 16 Mar 2021 11:50:03 GMT

ByteDance plans AI chips development

China's ByteDance is planning semiconductors chips development, as China seeks self-reliance by reducing dependence on foreign producers such as Nvidia Corp or Qualcomm Inc.

Tue, 16 Mar 2021 10:42:41 GMT

Oil prices decline

During Tuesday's European trading hours, crude oil price benchmarks declined. The decline was attributed to rising global stockpiles of oil.

Tue, 16 Mar 2021 09:58:05 GMT

VW plans cost cuts to raise profit

Volkswagen said on Tuesday it is planning cost cuts to raise its profit margins within the coming years, after the carmaker outlined an ambitious EV expansion.

Tue, 16 Mar 2021 09:08:39 GMT

Nokia to trim 10K jobs by 2023

On Tuesday, the Finnish telecoms company Nokia announced its plan to slash up to 10K jobs within the following two years to cut costs and make more investment in research capabilities amid its restructuring plan.

Tue, 16 Mar 2021 08:03:56 GMT

China's Ant Group valued at over $200B

Global investors valued China's Ant Group at more than $200B based on the fintech company's 2020 performance, giving a more sober assessment after its IPO shelving and forced restructuring.

Tue, 16 Mar 2021 07:02:59 GMT

VW to build EU battery cell plants

Volkswagen revealed its plans to build six battery cell factories in Europe and expand the EV charging infrastructure globally, as the carmaker seeks to overtake its rival Tesla.

Tue, 16 Mar 2021 05:41:11 GMT

Nokia partners with competition

On Monday, Nokia announced that it had partnered with Amazon, Google and Microsoft in the creation of new 5G radio solutions.

Tue, 16 Mar 2021 05:30:53 GMT

Crude oil prices decline

Crude oil price benchmarks declined during Monday' trading hours, as a pull-back from previous high levels was taking place.

Tue, 16 Mar 2021 03:49:44 GMT

US Dollar surges on Monday

During Monday's US trading hours, the US Dollar index booked a third session of gains against its peer currencies and other assets.

Mon, 15 Mar 2021 22:41:12 GMT

Dow Jones hits new ATH

On Monday, the Dow Jones US market index hit a new all-time high level, as the markets expected news from the Fed during this week.

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