News

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Sat, 04 Jan 2020 12:24:17 GMT

US factory activity weakest in decade

The ISM index of the US factory activity dropped to 47.2 in December from 48.1 in November, the lowest reading since 2009 as the trade war kept the lid on factory production.

Sat, 04 Jan 2020 11:33:23 GMT

Exxon signals weaker Q4 results

Exxon Mobil's operating results are expected to decline in the Q4 from a year ago amid weakness in refining and chemicals, a regulatory filing showed.

Sat, 04 Jan 2020 10:07:54 GMT

Unemployment in Spain declines

The number of unemployed people in Spain declined by 34,579 in December from November, data published by the Spanish Ministry of Labour, Migrations and Social Security show.

Sat, 04 Jan 2020 08:59:19 GMT

German unemployment rises

The number of unemployed Germans increased by 47,000 to 2.23M in December 2019, compared to the previous month, the Federal Employment Agency reports.

Sat, 04 Jan 2020 08:03:56 GMT

GM, Fiat Chrysler US sales decline

US car sales of Fiat Chrysler and General Motors have declined around 2% in 2019, compared to the year 2018, data released by the both companies show.

Sat, 04 Jan 2020 07:02:49 GMT

Foreign investment in Morocco declines

The foreign direct investment in Morocco has declined 46.1% in the first 11 months of the previous year, compared to the same period in 2018, an official report shows.

Sat, 04 Jan 2020 06:04:46 GMT

Tesla beats Wall Street estimates

Tesla shares hit a record high on Friday after data showed that the electric carmaker delivered approximately 367,500 vehicles in 2019, meeting the low end of its target.

Sat, 04 Jan 2020 05:04:18 GMT

Ireland collects record 10.9B euros in corporate tax in 2019

The Irish corporate tax receipts hit a record high of 10.9 billion euros in 2019. Ireland's Financial Department announced on Friday.

Sat, 04 Jan 2020 03:41:28 GMT

Allergan, Novartis and Merck join others to raise US drug prices

On Friday, Allergan Plc, Novartis AG and Merck & Co Inc were among other firms that increased the US prescription drug prices in 2020.

Sat, 04 Jan 2020 03:37:10 GMT

US citizens depart Iraq

The Iraqi Oil Ministry announced on Friday that dozens of foreign workers, including the US citizens, were leaving Iraq after the US airstrikes killed the Iranian top military commander in Baghdad.

Fri, 03 Jan 2020 20:56:43 GMT

Crude oil prices jump

On Friday, crude oil prices surged to the highest level in eight months after the US airstrikes killed the top Iranian military commander in Iraq.

Fri, 03 Jan 2020 20:00:59 GMT

US stocks decline after US strikes kill to Iranian commander

On Friday, Wall Street's major indexes declined from record highs after the US airstrikes killed the Iranian top military commander in Iraq.

Fri, 03 Jan 2020 18:59:28 GMT

Tesla beats Wall Street estimates

Tesla shares hit a record high on Friday after data showed that the electric carmaker delivered approximately 367,500 vehicles in 2019, meeting the low end of its target.

Fri, 03 Jan 2020 18:03:44 GMT

Allergan, Novartis and Merck join others to raise US drug prices

On Friday, Allergan Plc, Novartis AG and Merck & Co Inc were among other firms that increased the US prescription drug prices in 2020.

Fri, 03 Jan 2020 16:40:14 GMT

Louis Vuitton to shut down HK shop amid protests

Louis Vuitton, one of the largest luxury goods brand in the world, will close its Hong Kong shop in the Times Square mall due to protests hitting the brand's demand and high rental costs.

Fri, 03 Jan 2020 15:41:40 GMT

Credit Suisse to launch $1.0B 2020 share buyback programme

On Friday, Credit Suisse announced a share buyback worth at least $1.03B until the current year's end, a subject to economic and market conditions, after finalising a similar programme the previous year.

Fri, 03 Jan 2020 14:49:49 GMT

HSBC to suspend overnight services at HK 19 ATM

HSBC is planning to stop its overnight services at Hong Kong's 19 ATM clusters during weekends and public holidays, according to the bank's statement on Friday, on the back of anti-government protests.

Fri, 03 Jan 2020 14:03:26 GMT

Ryanair may not receive 737 MAX until October

Ryanair is likely to receive its grounded 737 MAX planes' first delivery from Boeing only in October, CEO Michael O'Leary stated on Friday, having 135 of the jets on order, but not in service.

Fri, 03 Jan 2020 13:16:55 GMT

Avon CEO resigns amid deal with Natura

The Avon Products CEO Jan Zijderveld is set to resign on Friday due to the sale of the company to Brazil's personal care cosmetics giant Natura & Co, with Roberto Marques, the group's executive chairman, to take over as Avon's head.

Fri, 03 Jan 2020 12:17:07 GMT

Ex-Tesco executive becomes M&S interim CFO

On Friday, Marks & Spencer has appointed David Surdeau, the former Tesco executive, as the British retailer's interim financial officer, filling a temporary void that was left by Humphrey Singer's departure.

Fri, 03 Jan 2020 10:32:56 GMT

Weather damages US crops

On Friday, Reuters reported that US corn, which after the US-China trade war had been planted instead of soy, had been weather damaged.

Fri, 03 Jan 2020 10:02:43 GMT

Ant Financial applies for Singapore's digital banking license

China's Ant Financial, a unit of the e-commerce titan Alibaba Group Holdings, applied for the Singapore digital banking licence, as the company seeks to promote its financial inclusion globally.

Fri, 03 Jan 2020 08:45:18 GMT

Tesla trims China-made Model 3 price

Tesla reduced the initial price for the Model 3 sedans made in China by 16% to $42,919, as the US electric carmaker received Chinese subsidies for EVs, according to Tesla's China website.

Fri, 03 Jan 2020 08:09:45 GMT

Greece, Cyprus and Israel ink gas pipeline deal

Greece, Israel and Cyprus clinched a deal to construct a 1,9 km subsea pipeline, intending to carry natural gas to Europe from the fast developing gas fields located in the eastern Mediterranean.

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