News

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Mon, 12 Apr 2021 14:00:10 GMT

Smartphone shipments to China surge

On Monday, it was revealed by the Chinese government that smartphone shipments to China had increased by 67.7% on an annual basis.

Mon, 12 Apr 2021 13:00:08 GMT

Prices rise in Japan

In March, for the first time in a year Japanese wholesale prices increased. The event signals that an economic recovery might have started.

Mon, 12 Apr 2021 12:00:06 GMT

ECB comments on credit

On Monday, the ECB revealed that in the fourth quarter of 2020 bad loans in the euro zone had reached a record low level, which signals that lenders are avoiding giving out bad debt.

Mon, 12 Apr 2021 11:00:07 GMT

White House addresses chip shortage

The US government announced on Monday that it would meet with heads of 20 companies to discuss the global semiconductor shortage.

Mon, 12 Apr 2021 10:24:54 GMT

Alibaba shares recover

On Monday, the shares of Alibaba recovered despite the $2.75 billion anti-trust fine, as the company announced that it does not expect it to impact the company.

Mon, 12 Apr 2021 08:00:08 GMT

Asian stocks decline into earnings session

On Monday, Asian equities edged lower, as traders and investors await the US corporate earnings reports.

Mon, 12 Apr 2021 07:00:06 GMT

Japanese bank lending surges by 6.3% in March

According to official data, Japan's bank lending surged by 6.3% last month, as the COVID-19 pandemic pressured the services sector.

Mon, 12 Apr 2021 06:00:07 GMT

US Dollar languishes near 2-1/2-week lows

On Monday, the US Dollar languished near a two-and-half week lows against a basket of major currencies, as a drop in the US Treasury yields restrained the Greenback.

Mon, 12 Apr 2021 05:00:07 GMT

Canada trade surplus narrows

Canada's trade surplus narrowed to $792M in February from $960M in January, a report published by the Statistics Canada shows.

Mon, 12 Apr 2021 04:00:09 GMT

Mercedes-Benz reports record sales in China

Sales of Mercedes-Benz cars increased 60.1% to 222,520 units in the first three months of 2021, the German carmaker Daimler reports.

Mon, 12 Apr 2021 03:00:09 GMT

Global manufacturing activity expands

The global manufacturing activity expanded in March, data published by the China Federation of Logistics and Purchasing show.

Mon, 12 Apr 2021 02:00:07 GMT

Greek economy to grow 4.8% in 2022

The Greek economy is expected to expand 4.8% in 2022, the Bank of Greece Governor Yannis Stournaras says.

Sun, 11 Apr 2021 20:00:06 GMT

Microsoft in talks with Nuance

Reuters revealed on Sunday that Microsoft had bid $16 billion for Nuance Communications.

Sun, 11 Apr 2021 18:53:58 GMT

Powell comments on economy

On Sunday, the Chairman of the Federal Reserve Jerome Powell stated that the US economy is at an infection point.

Sun, 11 Apr 2021 18:00:05 GMT

LG Energy, SK Innovation agree $1.8B settlement

On Sunday, two of South Korea's biggest electric-vehicle battery producers SK Innovation Co and LG Energy Solution agreed on a $1.8B settlement.

Sun, 11 Apr 2021 17:00:06 GMT

Swiss FINMA asks Credit Suisse about Greensill risks

As reported by the Swiss newspaper SonntagsZeitung on Sunday, the leader of Switzerland's financial watchdog FINMA asked Credit Suisse about the risks of Greensill.

Sun, 11 Apr 2021 16:00:06 GMT

Benin votes in presidential election

On Sunday, voters in the Republic of Benin cast their ballots in a presidential election after a week of violent protests.

Sun, 11 Apr 2021 15:00:07 GMT

France can't guarantee summer holidays abroad

On Sunday, the French Minister for European Affairs Clement Beaune said that it was too early to guarantee summer holidays abroad.

Sun, 11 Apr 2021 14:00:06 GMT

Korean battery makers settle with US

On Sunday, South Korean battery makers announced a 1.8$ billion settlement with the Unites States in an ongoing trade dispute.

Sun, 11 Apr 2021 13:00:06 GMT

Fabio Panetta comments on policy

Board Member of the ECB Fabio Panetta stated on Sunday that the European Central Bank should not delay the rising of inflation.

Sun, 11 Apr 2021 12:00:05 GMT

Bitcoin reaches above 60,000

On Sunday, the price for Bitcoin reached above the 60,000 USD mark, as talks of reduced supply renewed.

Sun, 11 Apr 2021 11:02:08 GMT

Trump negotiates with Republicans

On Saturday, the US Senate minority leader Mitch McConnell met with former US President Donald Trump to discuss support for 2022 Congress elections.

Sun, 11 Apr 2021 10:00:07 GMT

Spain revises 2021 growth forecast

The Spanish government revised its economic growth forecast to 6.5% in 2021, down from 7.2%, as the country faces a third wave of the COVID-19 pandemic.

Sun, 11 Apr 2021 09:00:09 GMT

Canada unemployment rate declines

The unemployment rate in Canada declined 0.7% to 7.5% in March 2021, the lowest level in a year, a report published by the Statistics Canada shows.

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