News

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Thu, 11 Jun 2020 15:03:22 GMT

US stocks decline on Thursday

Wall Street's main indexes edged lower on Thursday. The Dow Jones Industrial fell by 707.48 points, at the open, while the S&P 500 was down by 2.76%.

Thu, 11 Jun 2020 13:52:35 GMT

Reuters reveals poll results

On Thursday, a Reuters poll revealed that the central bank of Brazil is expected to keep its base interest rate at 2.25%.

Thu, 11 Jun 2020 12:54:47 GMT

Mitsubishi Electric to buy Sharp's plan

Japan's Mitsubishi Electric is set to acquire part of Sharp Corp's plant located in western Japan, as the company aims to meet the rising demand for EV power management chips.

Thu, 11 Jun 2020 11:59:51 GMT

China approves Tesla's Model 3 car building

Tesla has received the China government's green light to build its Model 3 cars in the mainland equipped with LFP batteries, Reuters reported on Thursday citing the MIIT document.

Thu, 11 Jun 2020 11:23:58 GMT

Amazon, eBay must stop unsafe COVID-19 products sale

The e-commerce giants eBay and Amazon have been obliged by the US EPA to stop the sale of unsafe or unproven disinfectants and other products falsely-claimed as defeating the COVID-19 virus.

Thu, 11 Jun 2020 10:01:16 GMT

US Dollar recovers

During Thursday's European trading hours, the US Dollar recovered from three-month low levels, as the Federal Reserve did not announce an increase of stimulus on Wednesday.

Thu, 11 Jun 2020 09:37:08 GMT

US semiconductor industry to get $22.8B aid

The US lawmaker bipartisan group proposed over $22.8B in aid to the semiconductor industry, seeking to boost the chip factories construction in America.

Thu, 11 Jun 2020 07:56:12 GMT

China car sales surge in May

China's car sales surged as much as 14.5% in May from the prior year's same month, marking the second straight month of a rise, as the world's largest vehicle market is recovering from the coronavirus crisis.

Thu, 11 Jun 2020 07:33:15 GMT

Tesla shares jump past $1.0K

Tesla Inc's stock surged above $1.0K per share after the CEO Elon Musk stated the company was ready to bring its Tesla Semi truck to the high-volume production.

Thu, 11 Jun 2020 06:31:15 GMT

Virgin Australia to lift local flight capacity

On Thursday, Virgin Australia stated it was set to double its domestic flight capacity by the start of July amid growing demand and easing of border restrictions.

Thu, 11 Jun 2020 05:27:29 GMT

UK house prices at 10-year low

The RICS reported that the gauge of British house prices hit the lowest level in 10 years in May, with headline price balance slumping to -32%.

Thu, 11 Jun 2020 03:49:09 GMT

JD.com raises $3.87B in HK secondary listing

Chinese e-commerce retailer JD.com reached the share price of HK$226 each and raised nearly $3.87B in Hong Kong secondary listing.

Thu, 11 Jun 2020 03:33:31 GMT

Ford recalls 2.15M US vehicles

Ford Motor Co announced that it will recall 2.15M US vehicles with potentially malfunctioning door latches.

Wed, 10 Jun 2020 20:59:41 GMT

Volkswagen to start ID.3 deliveries in Autumn

Volkswagen stated that it starts selling ID.3 electric vehicle for under €40K next week, with first deliveries due from September.

Wed, 10 Jun 2020 19:44:11 GMT

Just Eat Takeaway in talks to buy Grubhub

Europe's Just Eat Takeaway.com was in talks to acquire Grubhub in an all-stock deal, which would create the largest food delivery firm by revenue.

Wed, 10 Jun 2020 19:08:52 GMT

Inditex invests in tech for in-store shopping

Inditex, the owner of Zara, unveiled a €2.7B investment in technology making it easier for customers to track the items they want.

Wed, 10 Jun 2020 18:02:11 GMT

Goldman commodities unit generates $1B in revenue

According to a source with knowledge of the matter, traders of Goldman Sachs commodities unit gained over $1B in revenue in 2020 after the collapse in crude oil prices.

Wed, 10 Jun 2020 16:59:10 GMT

UK demands lot more from EU in Brexit talks

On Wednesday, Michel Barnier, the EU's Brexit chief negotiator, said that the UK is asking too much from the EU than Japan, Canada or other partners in the Brexit trade negotiations.

Wed, 10 Jun 2020 15:50:30 GMT

Dollar declines to three-month lows

On Wednesday, the dollar index, which measures the US Dollar against a basket of major currencies, fell to three-month lows, as investors await the US Federal Reserve's policy update.

Wed, 10 Jun 2020 15:12:12 GMT

US stocks open higher

On Wednesday, Wall Street's main indexes opened higher, as investors and traders await the US Federal Reserve's policy update due later in the day.

Wed, 10 Jun 2020 13:43:33 GMT

Starbucks expects $2.2 billion hit

On Wednesday, representatives of Starbucks announced that the company expects to suffer a $2.2 billion decline in income due to the coronavirus.

Wed, 10 Jun 2020 12:52:23 GMT

Ford, VW to produce 8M commercial cars

On Wednesday, Ford Motor and Volkswagen announced they were set to produce up to 8M commercial vans and medium pickup trucks as part of their alliance formed last year.

Wed, 10 Jun 2020 12:07:27 GMT

Finnair seeks raising 500M from shareholders

On Wednesday, Finnair has launched its share sale, seeking to raise €500M from the existing investors, as the airline aims to cope with the COVID-19 crisis by boosting its finances.

Wed, 10 Jun 2020 11:39:18 GMT

Tesla to launch truck volume production

Tesla's CEO Elon Musk announced that the company would launch the volume production of the Semi commercial trucks, as the US electric car maker accelerated its vehicle output after a brief shutdown.

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