News

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Fri, 18 Sep 2020 17:53:50 GMT

UK plans for second nationwide lockdown

On Friday, the UK Health Secretary Matt Hancock said that a second nationwide lockdown to fight the spread of COVID-19 has not been ruled out.

Fri, 18 Sep 2020 17:07:11 GMT

Crude oil prices remain flat

Crude oil prices were flat on Friday after Libya's commander Khalifa Haftar announced that a blockade on the country's crude oil exports would be eased for a month.

Fri, 18 Sep 2020 16:00:28 GMT

Nasdaq Composite opens higher

The Nasdaq Composite surged by 63.17 points, to 10,973.45 in early trading on Friday, while the Dow Jones Industrial fell by 0.13%, to 27,864.87 at the opening bell.

Fri, 18 Sep 2020 14:44:33 GMT

Google deletes Paytm mobile app from its store

On Friday, Alphabet's Google has eliminated Paytm mobile app from the Android store due to its gambling policy violation, Reuters reported.

Fri, 18 Sep 2020 12:54:06 GMT

Apple to launch online store in India

Apple is set to launch the company's first online store in India on September 23, the iPhone maker announced on Friday.

Fri, 18 Sep 2020 11:45:42 GMT

Caixabank strikes €4.3B Bankia deal

Caixabank agreed to acquire state-owned Bankia for €4.3B in an all-share purchase, which would create Spain's biggest domestic lender.

Fri, 18 Sep 2020 10:45:47 GMT

ByteDance plans US IPO of TikTok Global

According to sources with knowledge of the matter, the Chinese ByteDance is preparing the US IPO of TikTok Global.

Fri, 18 Sep 2020 09:49:30 GMT

Ryanair slashes October capacity

Ryanair stated that it was forced to slash its capacity in October and that it may have to do the same for winter unless EU governments ease their travel restrictions.

Fri, 18 Sep 2020 08:22:06 GMT

China-US investment flows hit 9-year low

According to figures from the National Committee and consultancy Rhodium Group, investment between China and the United States declined to nine years low.

Fri, 18 Sep 2020 07:02:07 GMT

US Dollar remains stable

On Friday, the US Dollar remained stable against a basket of major currencies after edging lower overnight, as a stream of US data showed unemployment claims remained elevated at 860K.

Fri, 18 Sep 2020 06:01:20 GMT

Asian shares look set to open higher

Asian stocks looked set to open higher on Friday, the Australian S&P 200 futures surged by 0.29% in early trading, while Japan's Nikkei 225 futures added 0.09%.

Fri, 18 Sep 2020 05:16:29 GMT

Huawei phone prices surge in China

Prices for Huawei smartphones surged over the last month by about 400-500 yuan on fears of the US chip shortage that could be caused by curbs on Huawei's access to the US technology.

Fri, 18 Sep 2020 04:12:05 GMT

Japan to create new digital tech agency by mid-2021

Japan's government is planning to create a new digital tech agency by the next year's autumn, according to the Nikkei newspaper report published on Friday.

Fri, 18 Sep 2020 03:11:05 GMT

Trump pledges $13B in farm aid

The US President Donald Trump has announced the $13B worth aid to farmers during his campaign rally that took place in Wisconsin on Thursday's night, Reuters reported.

Thu, 17 Sep 2020 22:49:53 GMT

UPS employees get buyout options

United Parcel Service is set to offer buyouts to some of the company's employees, as the CEO Carol Tomé seeks to cut costs.

Thu, 17 Sep 2020 20:02:55 GMT

Deloitte hit with £15M fine

The UK accounting regulator stated that it fined Deloitte a record 15M for the audit of software company Autonomy that contained "serious failures".

Thu, 17 Sep 2020 18:44:02 GMT

Deutsche Boerse to buy majority stake in QB

Germany's Deutsche Boerse announced that it would purchase a stake in Quantitative Brokers (QB) for an undisclosed amount.

Thu, 17 Sep 2020 18:29:52 GMT

EU new car sales drop 17.6% in August

European car registrations declined 17.6% to 884K vehicles in August, the ACEA reported, pointing to weak recovery in Europe's auto sector.

Thu, 17 Sep 2020 16:46:05 GMT

Uber plans stake sale in Didi Chuxing

Uber Technologies revealed its sale plans of a part of the $6.3B worth stake it owns in China's ride-hailing company Didi Chuxing, seeking to raise cash, according to Bloomberg News.

Thu, 17 Sep 2020 15:53:47 GMT

Ford sees F-150 pickup truck launch in November

On Thursday, Ford Motor announced it had launched the production of its new version of F-150 pickup truck, expecting to start sales of the redesigned model in November.

Thu, 17 Sep 2020 15:16:53 GMT

US unemployment claims fall less than expected

The number of US initial jobless claims fell 33K to 860K last week, less than analysts expected, according to the Labor Department report published on Thursday.

Thu, 17 Sep 2020 13:55:38 GMT

Germany increases future debt plan

Reuters reported on Thursday that the German government expects to take on 100 billion Euros in new debt in 2021.

Thu, 17 Sep 2020 12:44:58 GMT

Societe Generale comments on Brexit

On Thursday, the French Bank Societe Generale analysts stated that the probability of a no deal Brexit is 80%.

Thu, 17 Sep 2020 11:45:20 GMT

Japanese government comments on BoJ

The Japan's Chief of Cabinet Secretary Katsunobu Kato announced on Thursday that the government expects the Bank of Japan to continue responding to the coronavirus.

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