News

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Wed, 28 Oct 2020 17:03:56 GMT

S. Korea consumer sentiment recovers

The South Korean consumer sentiment improved in October, compared to the previous month, data published by the Bank of Korea show.

Wed, 28 Oct 2020 16:34:07 GMT

Boeing revenue declines in Q3

The Boeing Company announced a revenue of $14.1B in the third quarter of 2020, a 29% decline compared to the same period in 2019. 

Wed, 28 Oct 2020 16:30:27 GMT

Stock prices decline

During early US trading hours on Wednesday, global stock prices declined, as a sell-off was taking place due to coronavirus fears.

Wed, 28 Oct 2020 15:34:27 GMT

GE posts quarterly profit on Wednesday

On Wednesday, General Electric abruptly reported its quarterly profit as well as positive cash flow amid spending cuts and some improvements in the renewable energy and power businesses, sending shares higher.

Wed, 28 Oct 2020 14:09:48 GMT

Boeing deepens job trims on weak profit

On Wednesday, Boeing posted the fourth consecutive quarterly loss due to the coronavirus crisis, as well as 737 MAX jet grounding, which keeps hammering sales, signalling about more further job cuts.

Wed, 28 Oct 2020 13:37:36 GMT

Scopely attracts $340M in IPO

On Wednesday, Scopely, the mobile game developer, stated it had raised $340M in the latest funding round, led by NewView Capital and Wellington Management.

Wed, 28 Oct 2020 12:27:50 GMT

Amazon preps to unveil its Q3 results

Amazon is preparing to release its Q3 financial results on Thursday, with analysts' expectations of $92.7B revenue, according to Refinitiv's IBES data.

Wed, 28 Oct 2020 10:52:32 GMT

General Electric reports quarterly results

On Wednesday, General Electric reported smaller quarterly losses than expected, as the company had cut costs.

Wed, 28 Oct 2020 09:50:33 GMT

Sony expects high PS5 demand

Sony Corp is expecting high demand for its new PlayStation 5 console ahead of the launch planned for November 12, the company's gaming chief said on Wednesday.

Wed, 28 Oct 2020 08:49:45 GMT

Amazon rolls out Swedish website

On Wednesday, Amazon.com has launched a shopping website in Sweden, offering its customers over 150M products across dozens of categories, marking the retailer's first entry to the Nordics.

Wed, 28 Oct 2020 08:35:01 GMT

Exxon, JERA plan LNG power project

Exxon Mobil has tied up with Japan's largest power generator JERA to establish import facilities and a power station for LNG, seeking to fuel it in Vietnam, the companies announced on Wednesday.

Wed, 28 Oct 2020 07:36:48 GMT

AES, PetroVietnam Gas to ink LNG deal

AES Corp. is set to ink an agreement with PetroVietnam Gas over the development of a $2.8B liquefied natural gas import terminal as well as a power factory based in Vietnam.

Wed, 28 Oct 2020 06:00:07 GMT

LVMH, Tiffany in talks to settle dispute

According to sources with knowledge of the matter, the French luxury giant LVMH and the US luxury jeweller Tiffany & Co are in negotiations to settle their disagreement over a $1B takeover.

Wed, 28 Oct 2020 05:03:30 GMT

Airbnb intends to list on Nasdaq

Airbnb plans to list its common stock on the Nasdaq Composite Index, the company announced on Tuesday.

Wed, 28 Oct 2020 04:00:53 GMT

Eli Lilly tries to ease investor concerns

Eli Lilly & Co said on Tuesday that it remains optimistic about the ongoing trials for the experimental coronavirus antibody treatment.

Wed, 28 Oct 2020 02:33:38 GMT

Unilever decides to proceed with unification plan

Unilever announced on Tuesday that the company's boards had met and decided to consolidate its dual Anglo-Dutch corporate structure in favour of a single company based in London.

Tue, 27 Oct 2020 20:45:54 GMT

Aston Martin deals with Mercedes-Benz

Aston Martin extended an agreement with Mercedes-Benz AG to access its technologies in return for new shares, increasing German automaker's stake to more than 20%.

Tue, 27 Oct 2020 19:49:28 GMT

UBS to invest $200M in fintech ventures

UBS Group AG planned to invest $200M in digital and fintech ventures through a new portfolio, the Swiss bank stated on Tuesday.

Tue, 27 Oct 2020 18:57:05 GMT

Tiffany, LVMH to agree on dispute settlement

Tiffany & Co and LVMH were in talks to settle their dispute on a $1B takeover at a slightly lower price than that primarily agreed.

Tue, 27 Oct 2020 18:05:46 GMT

Motional, Via to start US robotaxi service

Hyundai Motor's self-driving JV Motional and transit technology company Via partnered to launch a robotaxi service in the US in 2021.

Tue, 27 Oct 2020 16:42:24 GMT

Nissan to increase output capacity in China

Nissan Motor announced plans to raise production capacity in China 30% in 2021, aiming to draw a recovery in demand in the world's largest auto market.

Tue, 27 Oct 2020 15:42:46 GMT

Spain to raise taxes on wealthy, companies

Spain's left-wing government revealed plans to hike taxes on top earners and large companies to finance higher spending on infrastructure and social care in 2021 budget.

Tue, 27 Oct 2020 14:48:26 GMT

Shopify partners with TikTok

Shopify, the Canadian e-commerce firm, announced it would team up with TikTok to lure more merchants to the video-sharing app, seeking to grow the customer base.

Tue, 27 Oct 2020 14:36:07 GMT

Waymo, Daimler to tie up over truck development

On Tuesday, Daimler's commercial truck arm and Alphabet's Waymo stated they would partner over the development of the autonomous Class 8 semi-trucks by applying Waymo-made self-driving system to the Daimler's Freightliner Cascadia.

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