News

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Fri, 07 May 2021 16:00:09 GMT

Commodity prices surge

During Friday's US trading hours, commodity prices surged due to the decline of the value of the US Dollar, which was caused by worse than expected employment data.

Fri, 07 May 2021 15:02:10 GMT

Stocks reach new record high

On Friday, US stock indices started the day by reaching new all-time-high levels, as worse than expected US employment data beat down the value of the USD.

Fri, 07 May 2021 14:00:07 GMT

USD/CAD increases volatility

At 12:30 GMT on Friday, the USD/CAD currency exchange rate increased volatility to 40 pips during a period of ten minutes. The move was caused by US and Canadian monthly employment data.

Fri, 07 May 2021 12:47:02 GMT

US Employment data beats down USD

On Friday, at 12:30 GMT, the release of US Employment data sets caused a surge of the EUR/USD of 71 base points. In addition, an all-out decline of the US Dollar was taking place.

Fri, 07 May 2021 12:00:07 GMT

IAG sees travel recovery in mid-summer

IAG, the owner of British Airways, is expecting the travel to recover starting from July, after anticipating its capacity would only climb to 25% in the second quarter.

Fri, 07 May 2021 11:32:05 GMT

News Corp Q1 revenue tops estimates

News Corp, the Wall Street Journal owner, reported o Thursday it had topped Wall Street's forecasts for its Q1 revenue, as its digital push boosted more subscribers for its Dow Jones division.

Fri, 07 May 2021 10:00:08 GMT

Bitcoin remains below 58,500.00

During Friday's European trading hours, the price for Bitcoin remained below the resistance of the 58,500.00 level, which had been holding since April 30.

Fri, 07 May 2021 09:04:13 GMT

Ericsson, Samsung reach patent agreement

Ericsson has settled a "multi-year" dispute with Samsung on the global patent licences after the row hit the Swedish telecom equipment maker's Q1 revenue.

Fri, 07 May 2021 08:20:48 GMT

BMW eager to meet 2021 outlook

On Friday, BMW stated it would stay the course to achieve its 2021 profit targets despite surging costs of raw materials.

Fri, 07 May 2021 07:00:07 GMT

Nintendo eyes Switch sales drop

Japan's Nintendo is expecting its annual sales of the Switch console to plunge 11.5%, signalling the first fall for the five-year-old device following the pandemic-driven boom in gaming.

Fri, 07 May 2021 06:14:01 GMT

Tencent seeks keeping gaming investments

Tencent Holdings has entered talks with the US national security panel over allowing the company to keep its investments in the US video game developers Epic Games and Riot Games.

Fri, 07 May 2021 05:00:07 GMT

ViacomCBS tops Q1 revenue forecasts

ViacomCBS topped Wall Street's Q1 revenue forecasts, boosted by robust advertising growth and streaming revenue after the rebranded Paramount+ service launch in March.

Fri, 07 May 2021 04:00:08 GMT

IBM to launch 2-nanometer chip tech

IBM unveiled on Thursday the first 2-nanometer chip technology in the world that is deemed to be 45% faster than the 7-nanometer chips in the majority of today's phones and laptops as well as up to 75% more power-efficient.

Fri, 07 May 2021 03:00:07 GMT

Shift Tech gets $1.0B valuation

Shift Technology, the French tech start-up, has closed on Thursday a $220M fundraising round that brought the company's valuation to more than $1.0B.

Thu, 06 May 2021 21:00:06 GMT

Ether skyrockets to record high

On Thursday, the world's second-biggest cryptocurrency Ether hit its new record high of as much as $3,591.65 on the Bitstamp Exchange.

Thu, 06 May 2021 20:00:09 GMT

Renault comments on new model

Renault revealed on Thursday that the company had developed a broad strategy to make money from the Arkana model.

Thu, 06 May 2021 19:00:07 GMT

Central banks stop stimulus

On Thursday, the Bank of England became the second central bank to slow down its pace of monetary stimulus, which started in the aftermath of the coronavirus outbreak.

Thu, 06 May 2021 18:00:08 GMT

US productivity declines

Data released on Thursday revealed that worker productivity in the US had increased in the first quarter of 2021.

Thu, 06 May 2021 17:00:07 GMT

US jobless claims drop

On Thursday, US markets were boosted by news that less than forecast new US jobless claims were received by the US government.

Thu, 06 May 2021 16:00:08 GMT

Volkswagen CEO comments on batteries

The CEO of Volkswagen stated on Thursday that the company would create joint ventures to fund new six battery factories in Europe.

Thu, 06 May 2021 15:00:13 GMT

Wall Street opens flat

On Thursday, US market indices started the day by trading flat, as gains were limited by US government plans to waiver intellectual property on COVID-19 vaccines.

Thu, 06 May 2021 14:00:10 GMT

Tesla builds new access platform

Tesla, the US electric carmaker, announced on Thursday the development of a new platform deemed for its Chinese car owners that would let them access their vehicles' data.

Thu, 06 May 2021 12:54:31 GMT

Nintendo sees fall in Switch sales

On Thursday, Japan's Nintendo said it was expecting its annual sales of Switch console to drop 11.5%, signalling the five-year-old device's first decline after the gaming boom during the pandemic.

Thu, 06 May 2021 12:00:29 GMT

BoE's policy remains unchanged

The Bank of England's MPC judged the existing monetary policy's stance to remain unchanged at 0.1%, seeking to meet the inflation target of 2%, according to an official statement.

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