News

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Sat, 06 Mar 2021 02:23:23 GMT

Deese reacts to US jobs report

On Friday, the US National Economic Council Director Brian Deese told CNBC that the unevenness of the US employment crisis persists and that much remained to be done in the jobs recovery.

Fri, 05 Mar 2021 20:46:10 GMT

US economy adds 379K jobs in February

The US economy added a whopping 379,000 jobs in February, while the unemployment rate fell to 6.2%, data showed on Friday.

Fri, 05 Mar 2021 19:52:08 GMT

Crude oil prices jump more than 3%

On Friday, crude oil prices edged higher over 3%. Brent crude futures were up by 3.3% to $68.97 per barrel at 14:41 GMT, while the US West Texas Intermediate crude futures rose by 3.1% to $65.83.

Fri, 05 Mar 2021 19:00:51 GMT

S&P 500 edges higher

The S&P 500 opened higher on Friday after data showed that the US jobs growth beat expectations in February.

Fri, 05 Mar 2021 17:54:27 GMT

Dollar index edges higher

On Friday, the dollar index jumped as high as 92.201 after economic data showed that the US jobs growth surged by 379,000 in February.

Fri, 05 Mar 2021 16:47:47 GMT

ByteDance working on Clubhouse-like app

China's ByteDance is developing a Clubhouse-like app for Chinese customers on the back of the US audio chat service success across the world.

Fri, 05 Mar 2021 16:27:25 GMT

Dassault to reveal new business jet's details

Dassault Aviation is planning to deliver its Falcon 6X business aircraft at the 2022-end, as well as make an announcement about Future Falcon, the planemaker's CEO said on Friday.

Fri, 05 Mar 2021 15:00:08 GMT

Instacart seeks direct listing instead of IPO

Instacart, the US grocery delivery app, is planning to go public via a direct listing, avoiding a traditional way of a public listing through an initial public offering, Reuters reported on Friday.

Fri, 05 Mar 2021 14:17:46 GMT

Reddit names Vollero as CFO

On Friday, the social media platform Reddit announced it had named Snap's veteran Drew Vollero as the company's chief financial officer.

Fri, 05 Mar 2021 13:26:13 GMT

UBS starts appeal against €4.5B tax case

Swiss bank UBS is set to launch on Monday its appeal against the record €4.5B penalty levied by France's court for alleged help to its wealthy clients to conceal undeclared assets offshore.

Fri, 05 Mar 2021 12:35:43 GMT

VW core brand to speed up EV shift

Volkswagen's core brand is planning to over double the share electric cars have in total EU sales by 2030, seeking to speed up the automaker's shift towards green vehicles.

Fri, 05 Mar 2021 10:55:54 GMT

Oil reaches record high

During Friday's European trading hours, crude oil price benchmarks continued their surge, as 14-month high levels were reached.

Fri, 05 Mar 2021 09:56:22 GMT

Broadcom shares drop on weak chip sales

Broadcom shares dropped on Thursday following the company's report of its chip sales coming out below Wall Street's forecasts, hurt by the global shortage of semiconductor chips.

Fri, 05 Mar 2021 09:35:03 GMT

Japan household spending seen to drop

Household spending of Japan likely fell in January compared to the previous year, tumbling for the second consecutive month, after the state of emergency had been introduced to battle the coronavirus pandemic.

Fri, 05 Mar 2021 07:52:31 GMT

Stellantis plans Faurecia stake distribution

Stellantis announced it would distribute its car parts maker Faurecia's stake worth up to $368.46M to its shareholders.

Fri, 05 Mar 2021 07:36:37 GMT

Velodyne's David Hall resigns as director

Velodyne Lidar stated on Friday its founder David Hall stepped down as the company's director earlier this week, days after Hall had been removed as chairman.

Fri, 05 Mar 2021 05:52:53 GMT

Gap sees returning to sales growth

The apparel retailer Gap is expecting to return to its sales growth in 2021, as it forecasts Athleta brand's sales to double during the following two years and hopes the COVID-19 vaccines roll-out will boost stores traffic.

Fri, 05 Mar 2021 05:05:57 GMT

GM to build another US battery plant

General Motors stated it had entered talks over construction of the second battery plans in Tennessee with its South Korean JV partner LG Chem.

Fri, 05 Mar 2021 03:55:28 GMT

Ford criticised for pursuing battery deals

The US International Trade Commission criticised Ford Motor for pursuing SK Innovation battery deals after the South Korean EV battery maker had misappropriated its rival LG Chem's trade secrets.

Fri, 05 Mar 2021 01:26:01 GMT

Square agrees to buy Tidal for $297M

On Thursday, the payments firm Square agreed to acquire a majority stake of Tidal, the music streaming service owned by the rapper Jay-Z, for $297M in the deal that could bring the blockchain to masses.

Thu, 04 Mar 2021 20:44:29 GMT

Apple to face EU charges on Spotify complaint

Apple is likely to face EU antitrust charges in the following weeks after a complaint by rival Spotify that it unfairly promoted its own service for music streaming.

Thu, 04 Mar 2021 20:04:15 GMT

Siemens Energy to enter DAX index

Siemens Energy, the turbine supplier to the power industry, is expected to take place in Germany's blue-chip DAX index from March 22 instead of Nivea manufacturer Beiersdorf.

Thu, 04 Mar 2021 19:26:19 GMT

Exxon sues Macquarie to avoid $11.7M fees

Exxon Mobil sued Australia's Macquarie Energy in the Texas court to refrain from paying $11.7M for missed deliveries over the last month's winter freeze in the US.

Thu, 04 Mar 2021 17:44:09 GMT

Chevron to build carbon capture plant

Chevron has teamed up with Microsoft, Schlumberger and Clean Energy Systems over the construction of a carbon capture factory in California, expanding its investments in the renewable technology.

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