News

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Tue, 18 Feb 2020 14:37:08 GMT

Alstom shares fall after its $6.7 billion Bombardier rail deal

On Tuesday, Alstom shares plunged 4.4% after the French company agreed to acquire Bombardier's rail division for up to $6.7B, in a deal that likely to be scrutinised by unions and regulators.

Tue, 18 Feb 2020 12:49:08 GMT

HSBC to shed assets and 35K jobs in overhaul

On Tuesday, HSBC Holdings PLC announced it would cut $100B in assets, shed its investment bank, revamping its EU and US businesses in a strategy overhaul that would lead to 35K job cuts during the next three years.

Tue, 18 Feb 2020 12:14:22 GMT

Samsung triggers phone delivery service

Samsung Electronics rolled out phone delivery services for its customers to test the tech giant's new products, on the back of the coronavirus outbreak that prompted Samsung to cancel its promotional events.

Tue, 18 Feb 2020 10:44:29 GMT

Apple stock falls on Tuesday

During Tuesday's European trading hours, Apple stock price dropped by almost six percent, as the company reported damage caused by the coronavirus.

Tue, 18 Feb 2020 10:19:35 GMT

Tesla seeks using CATL's cobalt-free batteries in cars

Tesla has entered advanced talks to use CATL's cobalt-free batteries in its China-made vehicles, Reuters reported on Tuesday.

Tue, 18 Feb 2020 08:56:17 GMT

France's Accor tie up with Visa over loyalty programme

On Tuesday, the EU largest hotel group Accor announced it would join forces with the US card giant Visa to offer its lifestyle loyalty programme's members a new payment card called ALL Visa.

Tue, 18 Feb 2020 07:43:02 GMT

Apple sees coronavirus to hit sales

Apple Inc warned it is unlikely to meet the March quarter sales target set a few weeks ago due to the coronavirus outbreak that hit results of the most valuable technology company in the world.

Tue, 18 Feb 2020 06:14:24 GMT

UK comments on talks with EU

During Monday's London trading hours, an aide to the UK PM Boris Johnson stated that the UK would not be threatened into following EU trade rules.

Tue, 18 Feb 2020 05:02:01 GMT

Metro Bank picks new CEO

On Monday, Sky News announced that the interim boss of Metro Bank Daniel Frumkin would become the banks next CEO.

Tue, 18 Feb 2020 03:50:27 GMT

Alstom buys Bombardier rail unit

During Monday's trading hours, Alstom announced that it would buy the rail division of Bombardier for $6.7 billion.

Tue, 18 Feb 2020 02:21:44 GMT

Deutsche Boerse posts profits

On Monday, the Deutsche Boerse posted a quarterly profit increase of 52%, as the company made a net profit of 213.2 million Euros.

Mon, 17 Feb 2020 20:45:56 GMT

Monzo aims to hire 500 people, turn profit

Monzo, the rapidly growing UK digital bank, revealed its plans to hire at least 500 new employees and estimates about 5.5M new users in 2020, as the company prepares to relaunch some paid accounts to turn its profit.

Mon, 17 Feb 2020 19:43:15 GMT

Alstom to acquire Bombardier's train division

On Monday, France's Alstom announced it had agreed to acquire the rail unit of Canada's Bombardier in a deal worth about $6.7B.

Mon, 17 Feb 2020 19:29:55 GMT

GM plans some operations halt, plant sale

General Motors is planning to shut down its New Zealand and Australian operations and sell its Thai factory on the back of the global business' latest restructuring, costing the US carmaker $1.1B.

Mon, 17 Feb 2020 17:52:18 GMT

Norway's inflation to ease to 1.5%

Norway's headline inflation is expected to ease to 1.5% in 2020 from 2.2% in the prior year, Statistics Norway, employers' federations and members from labour unions stated.

Mon, 17 Feb 2020 16:42:23 GMT

Nanoco files lawsuit against Samsung over patent infringement

The UK nanotechnology firm Nanoco stated that it filed a lawsuit against Samsung Electronics and affiliates in Texas over patent infringement related to quantum dots.

Mon, 17 Feb 2020 15:53:33 GMT

UBI aims to double net profit in three years

The Italian fifth-largest bank UBI Banca announced its intention to double net profit by 2022 despite flat revenues through cost-cutting and problem loans' reduction.

Mon, 17 Feb 2020 14:48:34 GMT

Cathay Pacific comments on coronavirus

On Monday, Cathay Pacific Airways stated that the company is expecting a notable decline in its first quarter results due to the coronavirus outbreak.

Mon, 17 Feb 2020 13:44:49 GMT

UK consumer confidence surges

The IHS Markit institute released its Household Finance Index on Monday, which revealed that consumer confidence has reached an 11 year high level.

Mon, 17 Feb 2020 13:44:40 GMT

EU shares reach record high

On Monday, European stock indices reached record high levels. The surge was caused by market stimulus being announced by the Chinese government.

Mon, 17 Feb 2020 11:44:26 GMT

Global stocks surge

During Monday's Asian trading hours, global stock indices surged, as China announced additional stimulus.

Mon, 17 Feb 2020 10:45:45 GMT

GM closes NZ and Australia operations

General Motors Co announced on Monday that it would shut down its New Zealand and Australia operations and sell the Thailand plant to Great Wall.

Mon, 17 Feb 2020 10:07:16 GMT

Kuroda says BOJ to consider additional more easing

On Monday, the Sankei newspaper reported, Haruhiko Kuroda, the Governor of the Bank of Japan, stated that the BOJ would consider monetary policy steps if the coronavirus epidemic impact worsens.

Mon, 17 Feb 2020 09:05:19 GMT

Japan's economy declines at fastest pace in nearly 6-year

Data showed on Monday that Japan's gross domestic product declined by 6.3% in the October-December period, the fastest pace in nearly six years.

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