News

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Tue, 11 Aug 2020 17:47:54 GMT

Taishin to acquire Taiwan unit of Prudential

Taiwan's Taishin Financial Holding agreed to buy Prudential Financial's Taiwan unit for $187M, as the US unsurer is exiting Asian markets.

Tue, 11 Aug 2020 16:47:00 GMT

Del Vecchio to raise stake in Mediobanca

Leonardo Del Vecchio, Luxottica's founder, is set to raise stake in Mediobanca to 13%-14% after he gets approval from the ECB later this month.

Tue, 11 Aug 2020 15:47:09 GMT

HMD Global gets funds from Google, others

The Nokia-branded smartphones maker HMD Global secured $230M of investment from Qualcomm, Google and Nokia Technologies to help accelerate 5G devices development.

Tue, 11 Aug 2020 14:46:44 GMT

SiFive gets $60M from Aramco, SK Hynix

SiFive Inc announced that it has raised an extra $60M in funding from investors including Saudi Aramco and SK Hynix.

Tue, 11 Aug 2020 14:19:07 GMT

GM's CFO steps down

On Tuesday, General Motors announced Dhivya Suryadevara was set to step down as the company's Chief Financial Officer and would be succeeded by John Stapleton, who was currently the CFO of North America's operations.

Tue, 11 Aug 2020 13:06:18 GMT

Hyundai, Aptiv name autonomous JV Motional

South Korea's Hyundai Motor and the auto supplier Aptiv named their autonomous joint venture Motional, both companies announced on Tuesday.

Tue, 11 Aug 2020 12:14:37 GMT

British job losses hit record-high in decade

The number of employed people in Britain faced its biggest plunge since 2009, with growing signs of the coronavirus crisis taking a greater toll on the UK labour market, Reuters reported on Tuesday.

Tue, 11 Aug 2020 10:49:15 GMT

Heathrow Airport posts drop in passenger numbers

UK's Heathrow Airport reported an 88% drop in its July passenger numbers amid imposed travel restrictions related to the COVID-19 pandemic that were strangling Britain's economy.

Tue, 11 Aug 2020 09:42:24 GMT

Oil surges on Tuesday

During Tuesday's European trading hours, crude oil prices surged, as an increase of demand was expected due to US stimulus measures.

Tue, 11 Aug 2020 09:13:10 GMT

SoftBank sees profit results useless to disclose

On Tuesday, SoftBank Group did not unveil its operating profit in the Q2 results, saying that measure was useless to evaluate performance.

Tue, 11 Aug 2020 08:03:23 GMT

IAC homeservices growth slows in July

IAC/InterActiveCorp reported a slowing sales growth in the company's homeservices unit in July after surging in the two previous months, and warned of its monthly results' extended volatility amid the coronavirus pandemic, sending shares down 3%.

Tue, 11 Aug 2020 06:43:30 GMT

Tencent Music posts 18% jump in Q2 revenue

The Chinese group Tencent Music Entertainment reported its quarterly revenue surged as much as 18%, topping Wall Street expectations, on rapidly-growing number of paid subscriber due to expanding music library.

Tue, 11 Aug 2020 06:10:40 GMT

Occidental reports $8B loss in Q2

Occidental Petroleum reported a $8.35B loss in the Q2 on lower prices for energy and write-downs as the US oil producer was seeking to reduce its debt due to the coronavirus that had hit fuel demand.

Tue, 11 Aug 2020 05:31:08 GMT

Trump wants more stimulus

On Monday, the White House revealed that the US President Donald Trump wants additional economic stimulus.

Tue, 11 Aug 2020 04:29:37 GMT

FCA addresses federal judge

It was revealed by Fiat Chrysler Automobiles on Monday that the company had asked a US federal judge to dismiss a request to reinstate a racketeering lawsuit.

Tue, 11 Aug 2020 03:16:40 GMT

Wall Street ends day neutral

On Monday, the US stock markets ended the day's trading by trading flat, as losses were offset by stimulus talks.

Mon, 10 Aug 2020 19:48:06 GMT

Crude oil surges

During Monday's trading hours, crude oil prices surged, as global energy demand had increased.

Mon, 10 Aug 2020 19:41:05 GMT

CB: Uganda on track to recovery

The economy of Uganda is on track to recovery despite the contraction in the second quarter of 2020, a statement published by the central bank shows.

Mon, 10 Aug 2020 19:35:24 GMT

Russian trade surplus contracts

The trade surplus in Russia declined by 41.8% to $54.1B in the first six months of 2020, compared to the same period the previous year, the Federal Customs Service reports.

Mon, 10 Aug 2020 18:07:33 GMT

Israel to spend $322M to support manufacturing, hi-tech

Israel plans to spend $322M to support manufacturing and hi-tech sectors amid the coronavirus outbreak, the Israeli Ministry of Finance says.

Mon, 10 Aug 2020 16:53:42 GMT

Latvian consumer prices rise

Consumer prices in Latvia increased 0.5% in July, compared to the same period the prior year, data published by the national statistics office show.

Mon, 10 Aug 2020 16:32:42 GMT

Finland manufacturing orders decline

Manufacturing orders in Finland declined 11.8% in June this year, compared to the same period the previous year, data published by the Statistics Finland show.

Mon, 10 Aug 2020 15:30:53 GMT

Hong Kong exports to decline 10% in 2020

Hong Kong's exports are expected to decline 10% in 2020 amid the coronavirus pandemic, a statement published by the Hong Kong Trade Development Council shows.

Mon, 10 Aug 2020 14:22:06 GMT

Kodak shares drop $765M loan deal ban

Eastman Kodak shares dropped around 40% on Monday after the United States had blocked its $765M loan to the firm, which was set to produce drug ingredients for the potential COVID-19 vaccines usage.

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