News

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Wed, 28 Oct 2020 12:27:50 GMT

Amazon preps to unveil its Q3 results

Amazon is preparing to release its Q3 financial results on Thursday, with analysts' expectations of $92.7B revenue, according to Refinitiv's IBES data.

Wed, 28 Oct 2020 10:52:32 GMT

General Electric reports quarterly results

On Wednesday, General Electric reported smaller quarterly losses than expected, as the company had cut costs.

Wed, 28 Oct 2020 09:50:33 GMT

Sony expects high PS5 demand

Sony Corp is expecting high demand for its new PlayStation 5 console ahead of the launch planned for November 12, the company's gaming chief said on Wednesday.

Wed, 28 Oct 2020 08:49:45 GMT

Amazon rolls out Swedish website

On Wednesday, Amazon.com has launched a shopping website in Sweden, offering its customers over 150M products across dozens of categories, marking the retailer's first entry to the Nordics.

Wed, 28 Oct 2020 08:35:01 GMT

Exxon, JERA plan LNG power project

Exxon Mobil has tied up with Japan's largest power generator JERA to establish import facilities and a power station for LNG, seeking to fuel it in Vietnam, the companies announced on Wednesday.

Wed, 28 Oct 2020 07:36:48 GMT

AES, PetroVietnam Gas to ink LNG deal

AES Corp. is set to ink an agreement with PetroVietnam Gas over the development of a $2.8B liquefied natural gas import terminal as well as a power factory based in Vietnam.

Wed, 28 Oct 2020 06:00:07 GMT

LVMH, Tiffany in talks to settle dispute

According to sources with knowledge of the matter, the French luxury giant LVMH and the US luxury jeweller Tiffany & Co are in negotiations to settle their disagreement over a $1B takeover.

Wed, 28 Oct 2020 05:03:30 GMT

Airbnb intends to list on Nasdaq

Airbnb plans to list its common stock on the Nasdaq Composite Index, the company announced on Tuesday.

Wed, 28 Oct 2020 04:00:53 GMT

Eli Lilly tries to ease investor concerns

Eli Lilly & Co said on Tuesday that it remains optimistic about the ongoing trials for the experimental coronavirus antibody treatment.

Wed, 28 Oct 2020 02:33:38 GMT

Unilever decides to proceed with unification plan

Unilever announced on Tuesday that the company's boards had met and decided to consolidate its dual Anglo-Dutch corporate structure in favour of a single company based in London.

Tue, 27 Oct 2020 20:45:54 GMT

Aston Martin deals with Mercedes-Benz

Aston Martin extended an agreement with Mercedes-Benz AG to access its technologies in return for new shares, increasing German automaker's stake to more than 20%.

Tue, 27 Oct 2020 19:49:28 GMT

UBS to invest $200M in fintech ventures

UBS Group AG planned to invest $200M in digital and fintech ventures through a new portfolio, the Swiss bank stated on Tuesday.

Tue, 27 Oct 2020 18:57:05 GMT

Tiffany, LVMH to agree on dispute settlement

Tiffany & Co and LVMH were in talks to settle their dispute on a $1B takeover at a slightly lower price than that primarily agreed.

Tue, 27 Oct 2020 18:05:46 GMT

Motional, Via to start US robotaxi service

Hyundai Motor's self-driving JV Motional and transit technology company Via partnered to launch a robotaxi service in the US in 2021.

Tue, 27 Oct 2020 16:42:24 GMT

Nissan to increase output capacity in China

Nissan Motor announced plans to raise production capacity in China 30% in 2021, aiming to draw a recovery in demand in the world's largest auto market.

Tue, 27 Oct 2020 15:42:46 GMT

Spain to raise taxes on wealthy, companies

Spain's left-wing government revealed plans to hike taxes on top earners and large companies to finance higher spending on infrastructure and social care in 2021 budget.

Tue, 27 Oct 2020 14:48:26 GMT

Shopify partners with TikTok

Shopify, the Canadian e-commerce firm, announced it would team up with TikTok to lure more merchants to the video-sharing app, seeking to grow the customer base.

Tue, 27 Oct 2020 14:36:07 GMT

Waymo, Daimler to tie up over truck development

On Tuesday, Daimler's commercial truck arm and Alphabet's Waymo stated they would partner over the development of the autonomous Class 8 semi-trucks by applying Waymo-made self-driving system to the Daimler's Freightliner Cascadia.

Tue, 27 Oct 2020 12:43:05 GMT

AMD to acquire Xilinx in $35B deal

On Tuesday, the semiconductor designer AMD announced its plans to acquire Xilinx Inc in a $35B worth all-stock deal, enhancing its competition with Intel in the data centre chip market.

Tue, 27 Oct 2020 12:02:36 GMT

Harley US sales drops on weak demand

On Tuesday, Harley-Davidson has posted a 9.8% plunge in its Q3 revenue as the coronavirus pandemic hit the global motorcycle demand.

Tue, 27 Oct 2020 10:42:24 GMT

Crude oil remains near $40

During Tuesday's European trading hours, crude oil prices continued to fluctuate near the $40 mark, as output shutdowns balanced the coronavirus caused decline of demand.

Tue, 27 Oct 2020 09:45:32 GMT

Toyota-Panasonic JV to bolster efficiency

Toyota Motor-Panasonic's joint battery venture is seeking to bolster efficiency of its development and manufacturing processes by ten times to catch up with bigger Chinese rivals.

Tue, 27 Oct 2020 09:35:31 GMT

HSBC plans business model restructuring

On Tuesday, HSBC Holdings announced it would revamp its business model, as lower interest rates hit the company's profit.

Tue, 27 Oct 2020 07:47:09 GMT

Facebook launches cloud gaming feature

Facebook rolled out a new cloud gaming tool on its platform, allowing users to stream, as well as play games without downloading.

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