News

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Thu, 09 Jul 2020 09:07:29 GMT

German May exports miss forecasts

German exports rose less than anticipated in May on sluggish demand, despite the coronavirus lockdown had been lifted, according to data reported on Thursday.

Thu, 09 Jul 2020 07:56:03 GMT

Fed raises doubts over fast US recovery

Federal Reserve officials have raised concerns thatUS recovery might be stalled, while fresh business surveys marked developing risks from the endless coronavirus pandemic.

Thu, 09 Jul 2020 06:49:53 GMT

Airbus H1 deliveries reaches 16-year low

Airbus deliveries surged 50% las month compared with May, but hit the 16-low level in its first-half deliveries, the planemaker reported on Thursday.

Thu, 09 Jul 2020 05:01:10 GMT

Alstom to sell rail factory for Bombardier deal

Alstom is set to propose concessions to European regulators, including the rail factory sale, aiming to win antitrust approval for Bombardier transportation unit's purchase.

Thu, 09 Jul 2020 04:35:47 GMT

J&J's Cilag to sell 11.8M shares in Idorsia

Johnson & Johnson's Cilag Holding is set to offer up to 11.8M existing common shares in Idorsia in rapid bookbuilding to commence.

Thu, 09 Jul 2020 04:06:38 GMT

SEAT plans €5B in investments in 5 years

Volkswagen's brand SEAT announced plans for €5B investments in 2020-2025, mainly in new R&D, electric card and equipment, after investing €3.3B in 2016-2020.

Wed, 08 Jul 2020 20:48:32 GMT

KKR to acquire Global Atlantic

Private equity company KKR & Co agreed to buy Global Atlantic Financial Group, the retirement and life insurance firm, the companies announced.

Wed, 08 Jul 2020 19:53:13 GMT

Australia tourism industry faces $4B loss

The Australian tourism industry lost around $4.02B in the first three months of 2020 amid the coronavirus outbreak, the Tourism Research Australia reports.

Wed, 08 Jul 2020 19:17:44 GMT

Macao residential property price index rises

The residential property price index in Macao increased by 0.7% for the period from March to May, compared to the prior three months, official data show.

Wed, 08 Jul 2020 18:11:29 GMT

French economy to rebound

The French economy is expected to rebound in the next months after a severe contraction in the second quarter, the national statistics institute INSEE reports.

Wed, 08 Jul 2020 16:57:02 GMT

China, Russia vow mutual support

The Russian President Vladimir Putin and his Chinese counterpart Xi Jinping vowed firm mutual support in safeguarding sovereignty.

Wed, 08 Jul 2020 16:23:56 GMT

Japan service sector sentiment improves

The Japanese service sector sentiment improved considerably to 38.8 points in June, an increase of 23.3 points, a report published by the government shows.

Wed, 08 Jul 2020 15:27:48 GMT

Japan current account surplus declines in May

The Japanese current account surplus declined 27.9% to $10.97B in May, compared to the same period the previous year, data published by the Finance Ministry show.

Wed, 08 Jul 2020 14:04:49 GMT

EU agrees with Roche, Merck over COVID-19 drugs

The EU Commission reached deals with the pharmaceutical firms Merck KGaA and Roche to supply the COVID-19 experimental drugs, a source familiar with the matter said to Reuters on Wednesday.

Wed, 08 Jul 2020 12:41:55 GMT

Walmart to launch membership service in July

Walmart is set to release its membership programme as soon as this month, challenging the direct rival Amazon.com's Prime service, according to Recode.

Wed, 08 Jul 2020 12:05:55 GMT

Italy explores Huawei exclusion from 5G

Italy is exploring exclusion of Huawei Technologies, the China telecoms equipment maker, from building the country's 5G network, according to La Repubblica report.

Wed, 08 Jul 2020 11:33:15 GMT

Alibaba's Ant to launch Hong Kong IPO

Alibaba's Ant Group is planning an initial public offering in Hong Kong this year, seeking a valuation of over $200B, sources familiar with the matter reported.

Wed, 08 Jul 2020 10:20:49 GMT

Tesla China sells nearly 15K Model 3 cars in June

Tesla Inc, the US electric automaker, reported it had sold 14,954 China-made Model 3 cars in the mainland in June, marking a 35% rise month-on-month, the CPCA reported on Wednesday.

Wed, 08 Jul 2020 08:49:54 GMT

Nokia stock price plummets

During Wednesday's European trading hours, the stock price of Nokia plummeted by 8%, as the company announced the loss of business of Verizon.

Wed, 08 Jul 2020 07:41:52 GMT

French economy set to rebound in 2020 H2

According to the INSEE statistics agency, the French economy is likely to rise 17% in the Q2 and is seen to rebound sharply in the current year's second half after a plunge in the H1 triggered by the coronavirus lockdown.

Wed, 08 Jul 2020 07:27:14 GMT

UK Funding Circle plans 85 US layoffs

Britain's Funding Circle is planning top slash about 85 jobs in the United States, the peer-to-peer lending platform announced on Wednesday, in its push to turn the US operations more profitable.

Wed, 08 Jul 2020 06:39:31 GMT

Japan Display shares drop 6% on Wednesday

Shares in Apple's supplier Japan Display plunged 6% on Wednesday, following a media report claiming that Apple would use its OLED screens for the all forthcoming 5G iPhone devices this year.

Wed, 08 Jul 2020 05:03:26 GMT

Walmart plans to launch membership program

According to sources with knowledge of the matter, Walmart Inc plans to launch its membership service, called Walmart+, in July.

Wed, 08 Jul 2020 04:01:15 GMT

US hiring surges to record level in May

According to the US Labor Department, the US hiring accelerated by 2.4 million jobs to 6.5 million in May.

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