News

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Fri, 19 Mar 2021 04:45:11 GMT

Asda's CEO to resign

Asda's CEO Roger Burnley is planning to step down from his role weeks after the UK supermarket chain was acquired in the £6.8B deal, according to Sky News.

Fri, 19 Mar 2021 03:51:51 GMT

US safety agency to investigate Tesla crashes

The US car safety agency has launched as many as 25 inquiries into Tesla vehicle crashes, including three accidents in recent weeks, Reuters reported.

Thu, 18 Mar 2021 21:56:32 GMT

Nike falls short of estimates for Q3 revenue

On Thursday, Nike missed Wall Street's expectations for its Q3 revenue due to the company's stores closure caused by the pandemic, sending shares down 4% in the extended trading.

Thu, 18 Mar 2021 20:41:16 GMT

Diageo to boost ready-to-drink beverage output

Spirits group Diageo is set to spend $80M on two can-filling lines installation at its new Illinois plant, seeking to bolster the fast-growing ready-to-drink beverages production.

Thu, 18 Mar 2021 20:12:22 GMT

EPA's climate change page restored to website

The US Environmental Protection Agency has restored on Thursday the climate change information page to the EPA public website, following its removal made by the Trump Administration amid the old strategy.

Thu, 18 Mar 2021 18:58:37 GMT

AstraZeneca vaccine declared safe

On Thursday, the EMA head Emer Cooke said that AstraZeneca's COVID-19 vaccine was "safe and effective" following safety investigations made earlier that month.

Thu, 18 Mar 2021 18:11:51 GMT

Malaysian economy to recover in 2021

The Malaysian economy is expected to expand 6.5% in 2021 and inflation is projected to reach 2%, data published by the International Monetary Fund show.

Thu, 18 Mar 2021 16:53:54 GMT

Air China to purchase 18 Airbus planes

The Chinese flag carrier Air China plans to purchase 18 A320neo planes produced by the global aircraft manufacturer Airbus, the company reports.

Thu, 18 Mar 2021 16:29:46 GMT

Google to invest $7B in offices, data centers

Google plans to invest $7B in offices and data centers in the US in 2021, a decline from $10B in 2020, and create around 10,000 full-time jobs, a statement published by the company shows.

Thu, 18 Mar 2021 14:41:34 GMT

Dollar General sees sales drop

Dollar General is expecting larger-than-anticipated annual profit and sales due to the roll-out of the COVID-19 vaccines, after the pandemic-fuelled rush for groceries.

Thu, 18 Mar 2021 14:15:32 GMT

Goldman Sachs cuts China WGBI weighting estimates

On Thursday, Goldman Sachs stated it was expecting FTSE Russell to include the Chinese sovereign debt in the WGBI from Oct. 2021, but with a lower weighting of 5.1% than initially forecast.

Thu, 18 Mar 2021 13:06:10 GMT

Danone's new head to follow group's strategy

Gilles Schnepp, Danone's new chairman, is planning to stick to the group's strategy, implementing the "Local First" plan, according to the French daily Le Figaro's report published on Thursday.

Thu, 18 Mar 2021 12:12:54 GMT

Google to make investment in US offices, data centres

On Thursday, Alphabet's Google announced it plans of a more than $7.0B investment in US offices and data centres amid a rise in internet traffic on the back of the pandemic-related lockdowns.

Thu, 18 Mar 2021 11:19:37 GMT

EUR/USD Jumps due to the FED

On Wednesday, at 18:00 GMT, the EUR/USD surged, as the US Federal Reserve Federal Open Market Committee issued a monetary policy statement. The currency exchange rate surged 73 pips or 0.61% in the span of 40 minutes following the release.

Thu, 18 Mar 2021 09:41:59 GMT

Nokia expects growth in operating margin in 2023

Nokia, Finland's telecom equipment maker, is expecting the comparable operating margin rising to 10-13% in 2023 with the help of its detailed plan to reset the business, the company stated on Thursday.

Thu, 18 Mar 2021 08:37:05 GMT

TikTok explores launching group chat tool

TikTok, the video-sharing platform, is considering to launch a group chat feature in 2021, raising competition among the Chinese-owned app and its social media rivals, including Facebook.

Thu, 18 Mar 2021 07:36:59 GMT

AerCap-GECAS deal to cut jet market competition

Aircraft leasing group AerCap's acquisition deal with its rival GECAS might hurt the aircraft market competition, IATA's head warned on Wednesday.

Thu, 18 Mar 2021 05:43:42 GMT

Lumentum raises bid for Coherent to $6.9B

Coherent Inc stated that optical fibre company Lumentum Holdings raised an offer for the firm to $6.9B after a three-way takeover competition for the laser company.

Thu, 18 Mar 2021 05:29:34 GMT

Vodafone to reach €12.1B valuation

Vodafone priced shares in its infrastructure unit Vantage Towers at €24 each, valuing the company at €12.1B in one of Europe's largest IPO this year, Vantage Towers reported.

Thu, 18 Mar 2021 04:16:43 GMT

Honda, Toyota slash North America production

Toyota Motor and Honda Motor announced new production cuts in Noth America, citing supply chain issues affecting the auto industry.

Wed, 17 Mar 2021 22:09:57 GMT

Morgan Stanley offers access to bitcoin funds

Morgan Stanley became the first major US bank to provide wealth management customers access to bitcoin funds, the report by CNBC showed.

Wed, 17 Mar 2021 21:11:00 GMT

GCEE: German economy to expand 3.1%

The German economy is expected to expand 3.1% in 2021 after a 4.9% contraction in 2020, a report published by the German Council of Economic Experts shows.

Wed, 17 Mar 2021 20:05:20 GMT

Baidu raises $3.1B

Baidu, the Chinese internet search giant, raised $3.1B in its secondary listing in Hong Kong, data published by the company show.

Wed, 17 Mar 2021 19:00:50 GMT

China chipmaker SMIC to invest $2.35B in production facilities

Semiconductor Manufacturing International Corp plans to invest $2.35B in production facilities in Shenzhen to manufacture semiconductor parts from 2022.

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