News

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Sun, 29 Nov 2020 17:41:09 GMT

Ballots recount reconfirms Biden's win

On Sunday, Wisconsin's recount of the presidential ballots reconfirmed the win of the Democratic President-elect Joe Biden over the President Donald Trump in the US elections.

Sun, 29 Nov 2020 16:53:01 GMT

Canada to pump extra C$691M to agriculture sector

Canada's government is planning to add additional C$691M to support dairy, egg and poultry local farmers, while also cut the payment timeline promised to the country's dairy farmers in 2019.

Sun, 29 Nov 2020 16:35:29 GMT

China to release outbound investor schemes

China is set to release outbound investment schemes to new regions, seeking to meet the asset allocation needs of onshore investors, according to a Xinhua report published on Sunday.

Sun, 29 Nov 2020 14:45:52 GMT

Tesla faces car inquiry over suspension issue

The US NHTSA launched an official inquiry into 115K Tesla cars over suspension safety issue, covering Model S and Model X vehicles produced from 2015 till 2017.

Sun, 29 Nov 2020 14:11:00 GMT

Foxconn to move Apple output to Vietnam

Apple requested Foxconn to move some MacBook and iPad production from China to Vietnam, seeking to minimise the US-Sino trade war's impact.

Sun, 29 Nov 2020 13:03:14 GMT

BoE Haldane expects higher inflation

Andy Haldane, Chief Economist of the Bank of England, stated on Sunday that development of vaccines together with huge government spending this year might result in higher than projected inflation.

Sun, 29 Nov 2020 12:33:56 GMT

Canada to spend $531.87M on agriculture

On Sunday, the Canadian government ruled to devote additional $531.87M to the country's agriculture sector.

Sun, 29 Nov 2020 11:29:27 GMT

UniCredit holds unplanned board meeting

According to sources familiar with the matter, UniCredit is planning to hold an unplanned board meeting to discuss various governace issues.

Sun, 29 Nov 2020 10:06:26 GMT

VW's Diess calls to support him

Volkswagen Chief Executive Officer Herbert Diess asked on Sunday other major shareholders to support his contract prolongation.

Sun, 29 Nov 2020 08:43:20 GMT

Tesla may widen 'self-driving' software's roll-out

Elon Musk, Tesla's Chief Executive Officer, stated the company would probably widen the release of its "Full Self Driving" software upgrade in two weeks.

Sun, 29 Nov 2020 08:28:16 GMT

Alibaba, Tencent freeze talks on buying iQIYI stake

Alibaba Group Holding and Tencent Holdings both froze their separate discussions with Baidu to buy a major stake in iQIYI, the video streaming service, as they had faced scrutiny by Chinese antitrust regulators.

Sun, 29 Nov 2020 07:05:16 GMT

HSBC ponders complete exit from US

According to the Financial Times report published on Saturday, HSBC is weighing a complete departure from the US retail banking.

Sun, 29 Nov 2020 05:54:31 GMT

Modi visits key COVID-19 vaccine facilities

On Saturday, the Prime Minister of India Narendra Modi visited three of India's coronavirus vaccine facilities, as COVID-19 cases continue to surge.

Sun, 29 Nov 2020 04:43:28 GMT

ECB expects lower inflation

On Saturday, the Vice-President of the European Central Bank Luis de Guindos said that the bank expects lower inflation in the Eurozone until the end of the year.

Sun, 29 Nov 2020 04:31:13 GMT

Iran reports slowdown in COVID-19 infections

On Saturday, the Iranian Health Ministry spokeswoman announced a slowdown in COVID-19 infections.

Sat, 28 Nov 2020 22:14:39 GMT

UK, EU meet for face-to-face negotiations

The EU chief negotiator Michel Barnier arrived in London on Saturday to restart a post-Brexit trade deal negotiations with the British negotiator David Frost.

Sat, 28 Nov 2020 20:59:44 GMT

Kia, Hyundai agree to civil penalty

On Saturday, Kia Motors and Hyundai Motor Co American units agreed to a $210M civil penalty for failure to recall 1.6M cars timely.

Sat, 28 Nov 2020 20:35:02 GMT

Canada imposes restrictions on drugs export

The Health Minister of Canada Patty Hajdu stated on Saturday that from now on the government would prohibit exporting prescription drugs in case of their shortage in the country itself.

Sat, 28 Nov 2020 19:08:01 GMT

HSBC explores exit from retail banking in US

HSBC Holdings is exploring a possibility of a complete withdrawal from the US retail banking after it had narrowed options for performance improvement at its North American business, according to the Financial Times report published on Saturday.

Sat, 28 Nov 2020 18:20:22 GMT

Deutsche Bank sees rebound in trade finance

Deutsche Bank's executive stated the lender was expecting a rebound in trade financing to the pre-coronavirus levels by the mid-2021.

Sat, 28 Nov 2020 16:57:53 GMT

EU approves SFR FTTH's Covage acquisition

The European Commission granted its approval for the acquisition of France's fibre optics operator Covage by the rival SFR FTTH that is controlled by Allianz, Altice and Omers.

Sat, 28 Nov 2020 15:49:47 GMT

Tesla likely to widen 'self-driving' software launch

Tesla's CEO Elon Musk stated the company was likely to widen the roll-out of its "Full Self Driving" software in two weeks.

Sat, 28 Nov 2020 15:07:18 GMT

Amazon to spend $500M in holiday bonuses

Amazon.com pledged to give over $500M in bonuses to the company's US front-line employees working for the holiday season during the COVID-19 pandemic.

Sat, 28 Nov 2020 14:25:50 GMT

UniCredit to update business plan next year

UniCredit has hired JPMorgan and Goldman Sachs as strategic advisers, as the bank seeks updating its business plan in 2021 and considers a potential acquisition deal of Monte dei Paschi.

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