News

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Wed, 26 Aug 2020 14:14:15 GMT

Nasdaq opens higher on Wednesday

On Wednesday, Nasdaq opened higher, gaining 50.15 points or 0.44%, on the upbeat HP Enterprise and Salesforce results, while the S&P 500 reported more sluggish update after closing at its record-high level for the three straight sessions.

Wed, 26 Aug 2020 12:44:01 GMT

HSBC ties up with Pollination over 'natural capital' venture

HSBC has tied up with Pollination Group, the climate change advisory company, seeking to build the asset management venture aimed at "natural capital", focusing on a valuation of resources such as air, soil and water.

Wed, 26 Aug 2020 12:15:18 GMT

China plans $300B chip import for third year

China is expected to import as much as $300B worth of semiconductor chips for the third straight year if everything goes according to the plan this year, Reuters reported.

Wed, 26 Aug 2020 10:41:07 GMT

Petrobras makes $2.1B payback in revolving credit

Brazil's state-run oil company Petrobras has paid back $2.1B in revolving credit lines, Reuters reported citing firm's statement.

Wed, 26 Aug 2020 10:10:18 GMT

China's Xpeng lifts US IPO pricing

Xpeng, China's electric vehicle maker, could potentially attract up to $1.275B from its US IPO after raising its shares price to $15, according to Reuters.

Wed, 26 Aug 2020 09:09:16 GMT

Facebook to roll out news service

Facebook announced its plans to roll out the news service in Germany, France, the UK, Brazil and India in a few months, after the social media giant launched the feature in the US in 2019.

Wed, 26 Aug 2020 07:46:45 GMT

European stocks surge on Wednesday

During Wednesday's European trading hours, stock indices surged, as Germany and France considered additional economic stimulus.

Wed, 26 Aug 2020 06:41:09 GMT

Australia's Zip, eBay tie up over flexible credit

On Wednesday, Australia's Zip stated it had teamed up with eBay over flexible credit offers to SMBs on the eBay e-commerce platform, sending the company's shares to their record high of nearly 10%.

Wed, 26 Aug 2020 06:24:29 GMT

Nordstrom posts larger-than-expected loss

Nordstrom posted a larger-than-anticipated quarterly loss, as the coronavirus pandemic closed its stores for several months, sending the company's shares 5% on the report.

Wed, 26 Aug 2020 05:03:16 GMT

US consumer confidence declines in August

The Conference Board announced on Tuesday that the US consumer confidence index declined to a reading of 84.8 in August.

Wed, 26 Aug 2020 03:58:40 GMT

Italy and China need to build closer ties

On Tuesday, Italy's Foreign Minister Luigi Di Maio stated that China and Italy need to strengthen relations.

Wed, 26 Aug 2020 03:03:37 GMT

Facebook to launch news service

On Tuesday, Facebook Inc announced that it would launch news service in its feed in Brazil, India, Germany, France and the United Kingdom.

Wed, 26 Aug 2020 01:44:14 GMT

Hogan says he broke no rules

On Tuesday, the European Commission for Trade Phil Hogan insisted that he broke no rules during a visit to Ireland.

Tue, 25 Aug 2020 20:07:28 GMT

Finland unemployment rate remains high

The unemployment rate in Finland reached 7.7% in July, compared to 6% the previous year, a statement published by the Statistics Finland shows.

Tue, 25 Aug 2020 19:00:56 GMT

German government deficit reaches €51.6B

The German government deficit reached €51.6B in the first six months of the current year, data published by the Federal Statistical Office Destatis show.

Tue, 25 Aug 2020 18:01:04 GMT

German economic sentiment improves in August

The German economic sentiment improved in August, compared to the previous month, data published by the Ifo Institute for Economic Research show.

Tue, 25 Aug 2020 16:57:18 GMT

Malta economy to shrink 6.6% in 2020

The Maltese economy is expected to contract 6.6% in 2020 amid the coronavirus outbreak, a statement published by the Central Bank of Malta shows.

Tue, 25 Aug 2020 16:32:25 GMT

Indonesian economy to contract in Q3

The Indonesian economy is likely to contract further in the third quarter of 2020, a statement published by the Indonesian Finance Minister Sri Mulyani Indrawati shows.

Tue, 25 Aug 2020 15:11:48 GMT

German economy contracts 9.7% in Q2

The German economy contracted 9.7% in the second quarter of 2020, compared to the same period the previous year, the Federal Statistical Office Destatis reports.

Tue, 25 Aug 2020 14:16:07 GMT

British retailers trim roles by most in 11 years

UK retailers have trimmed jobs by the most since the 2009 financial crisis, expecting the losses pace to accelerate more and marking a sharp surge in the country's unemployment.

Tue, 25 Aug 2020 13:37:18 GMT

Apple to launch online store in India

Apple is planning to launch its first India online store in September, as the company currently sells the products via third-party vendors, according to Bloomberg News' report seen on Tuesday.

Tue, 25 Aug 2020 11:41:07 GMT

Qantas Airways trims 2.5K jobs

Qantas Airways is planning to lay off up to 2.5K more employees by outsourcing its ground handling operations in Australia to reduce costs in the face of $7.17B revenue hit.

Tue, 25 Aug 2020 10:45:45 GMT

Finnair cuts jobs

On Tuesday, Finnair announced that the company would lay off almost 1,000 employees, which amounts to 15% of the company's workforce.

Tue, 25 Aug 2020 10:27:44 GMT

UK's Aveva to acquire OSIsoft in $5B deal

Aveva Group, the UK industrial software provider, will acquire the SoftBank-backed unit OSIsoft in a deal worth $5.0B, seeking for the expansion of its services by using the PI system.

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