News

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Mon, 12 Oct 2020 05:07:59 GMT

Iranian currency declines to new low

On Sunday, Iran's Rial declined to a record low against the US Dollar, as coronavirus deaths toll hit a new daily high.

Mon, 12 Oct 2020 04:03:21 GMT

Czech to tighten COVID-19 rules

According to government officials, the Prime Minister of Czech Republic Andrej Babis would tighten COVID-19 rules from Wednesday to tackle a growing coronavirus crisis.

Mon, 12 Oct 2020 02:58:04 GMT

Israel's Finance Ministry chief resigns

Keren Turner-Eyal, the head of the Israeli Finance Ministry, announced on Sunday that she would resign in the next few weeks.

Mon, 12 Oct 2020 01:44:21 GMT

UK's PM to unveil new COVID-19 measures

The Prime Minister of the United Kingdom Boris Johnson is expected to unveil new COVID-19 rules on Monday to combat the growing coronavirus pandemic.

Sun, 11 Oct 2020 19:50:45 GMT

Triller seeks options to become public

According to sources familiar with the matter, Triller, the US TikTok competitor, holds talks with acquisition companies over a merger that would it to become public.

Sun, 11 Oct 2020 19:07:00 GMT

US companies renew oil extraction

BHP, Chevron, Shell and other major oil companies renewed oil extraction in the Gulf of Mexico after the deadly hurricane.

Sun, 11 Oct 2020 18:40:29 GMT

PBOC to slash FX risk reserve ratio to 0

The People's Bank of China is set to lower the reserve requirement ratio for financial institutions when making some FOREX operations forwards trading to 0 with effect from Monday.

Sun, 11 Oct 2020 16:46:09 GMT

EU calls on US to withdraw tariffs

The EU new trade chief told the US to drop tariffs over more than $7B of EU products or face extra duties on exports to Europe, urging a settlement to the Airbus-Boeing dispute.

Sun, 11 Oct 2020 16:32:14 GMT

EQT considers KPN takeover

EQT AB, the European private equity company, was considering an acquisition of Dutch phone firm Royal KPN in its largest-ever takeover of $11B, sources said.

Sun, 11 Oct 2020 15:32:52 GMT

Apple's 5G iPhone to face coverage issues in UK

Apple's new 5G iPhone may experience coverage issues in the UK, The Telegraph newspaper reported, citing industry insiders.

Sun, 11 Oct 2020 14:27:14 GMT

Johnson: UK to explore every avenue for EU deal

The UK is set to seek every avenue for the trade agreement with the EU, though but progress to bridge gaps needs to be made in the coming days, Britain's PM Boris Johnson stated.

Sun, 11 Oct 2020 13:28:33 GMT

Audi sees weaker sales despite strong Q3

German carmaker Volkswagen's Audi unit announced expectations for lower sales this year despite strong results in the Q3, Automobilwoche cited the head of the division.

Sun, 11 Oct 2020 12:28:30 GMT

Nissan Chinese sales up 5.1% year-over-year

Japan's automaker Nissan Motor reported that its sales in China grew 5.1% in September from a year earlier, to 141.5K vehicles.

Sun, 11 Oct 2020 11:35:55 GMT

Virgin Orbit seeks $1B valuation

According to the Wall Street Journal, Virgin Orbit, satellite-launch company, is considering raising $200M funding that could result in a $1B ultiimate company valuation.

Sun, 11 Oct 2020 10:20:55 GMT

ECB's Visco calls for more transparency

Ignazio Visco, the ECB board member, stated on Sunday that the Bank must clearly define an inflation target and make opinions on this matter available to public.

Sun, 11 Oct 2020 07:42:25 GMT

Egypt's 3.7% inflation to trigger IMF advice

Egypt's headline inflation of 3.7% potentially triggered consultations with the IMF under the agreement that could lead to lower interest rates.

Sun, 11 Oct 2020 07:25:32 GMT

Oi initiates buyout program for up to 2K workers

Brazilian telecom Oi announced a buyout program that is expected to result in up to 2K workers, or 15% of its workforce, leaving the firm.

Sun, 11 Oct 2020 06:21:26 GMT

Duke Energy increases capital spending

The US utility Duke Energy announced plans of $2B spending increase this decade, as the company ramps up efforts to cut greenhouse gas emissions.

Sun, 11 Oct 2020 04:41:16 GMT

Suzuki Motor to add microplastic collection devices

Suzuki Motor is set to launch the device for outboard engines to collect microplastics next year, with marine plastic pollution getting a growing environmental issue.

Sun, 11 Oct 2020 04:13:00 GMT

Tim Hortons' expansion to create 2K jobs in UK

Tim Hortons announced plans for expansion in Britain, which would create 2K jobs in the country, hoping to capitalise on higher demand for drive-through dining.

Sun, 11 Oct 2020 03:40:34 GMT

AECOM to coordinate nuclear reactor project

The US construction and engineering company AECOM is set to lead an $8B project to add two reactors at Romanian nuclear power plant and refurbish one of the existing units.

Sat, 10 Oct 2020 21:02:49 GMT

Audi's Mexico plant remains open

A Mexican auto plant owned by Audi remained open and did not close after a dispute on unpaid bills that the company denies, an official with the firm told Reuters.

Sat, 10 Oct 2020 19:44:59 GMT

Pelosi slams Trump's stimulus proposal

The House Speaker Nancy Pelosi called on Saturday the $1.8T economic stimulus proposal made by the Trump administration "one step forward, two steps back".

Sat, 10 Oct 2020 19:41:50 GMT

Air Canada drives down Transat buyout price

Calin Rovinescu, the CEO of Air Canada, stated on Saturday that because of the coronavirus pandemic the value of the Transat buyout deal dropped to C$188.7M from of the previously estimated C$720 million.

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