News

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Thu, 01 Jul 2021 07:00:07 GMT

Micron results top estimates

Micron Technology topped Wall Street's forecasts for its quarterly profit and expected its Q4 revenue above estimates due to memory chips' tight supplies as well as robust demand that kept prices high.

Thu, 01 Jul 2021 06:00:06 GMT

Ford to temporary close some US plants

Ford Motor is eager to shut several of its plants in North America for a couple of weeks during the rest of summer amid a global chip shortage.

Thu, 01 Jul 2021 05:00:08 GMT

Japan business mood turns positive

Business confidence of the Japanese big manufacturers improved in the Q2 to the two-and-half-year high, signalling a robust global demand that helps the economy to recover from the pandemic.

Thu, 01 Jul 2021 04:00:07 GMT

China's Didi valued at $68B

China's Didi Global shares closed on their first US trading day slightly over the IPO price, taking the valuation of the ride-hailing company to $68.49B in the largest US listing by a Chinese firm since 2014.

Thu, 01 Jul 2021 03:00:06 GMT

Boeing names new CFO

Boeing appointed Brian West, the ex-General Electric executive, as the company's new chief financial officer, following the planemaker's announcement of the abrupt retirement of its long-time CFO Greg Smith.

Thu, 01 Jul 2021 01:28:06 GMT

SK Innovation to lift annual battery capacity

SK Innovation is planning to boost its annual battery manufacturing capacity to 200 GWh by 2025, up 60% from the South Korean firm's initially announced 125 GWh.

Wed, 30 Jun 2021 20:00:06 GMT

China manufacturing PMI edges down

The Chinese manufacturing sector expanded at a slower pace in June, compared to May, data released by the National Bureau of Statistics show.

Wed, 30 Jun 2021 19:00:07 GMT

Japan industrial output contracts

The Japanese industrial output decreased 5.9% in May, compared to the prior month, for the first time since January, government statistics show.

Wed, 30 Jun 2021 18:00:07 GMT

China non-manufacturing PMI declines

The Chinese non-manufacturing sector expanded at a slower pace in June, compared to the previous month, the National Bureau of Statistics reports.

Wed, 30 Jun 2021 16:28:24 GMT

Eurozone inflation slows

Inflation in the Eurozone slowed down for the first time in half a year to 1.9% in June from 2.0% in May, a report published by the statistical office Eurostat shows.

Wed, 30 Jun 2021 16:00:09 GMT

Deutsche Bank's license gets suspended

Reuters revealed on Wednesday that Deutsche Bank's license to sponsor IPOs in Hong Kong had been suspended.

Wed, 30 Jun 2021 15:00:07 GMT

SNB shrinks forex interventions

On Wednesday, the Swiss National Bank revealed that it had spent only 296 million CHF on forex interventions during the first quarter of 2021.

Wed, 30 Jun 2021 14:00:09 GMT

EU tightens carbon market

Reuters revealed on Wednesday that the EU would cut carbon emission by charging shipping, road transportation and heating systems.

Wed, 30 Jun 2021 13:00:07 GMT

Euro zone sentiment hits high level

On Tuesday, published data revealed that Euro Zone consumer sentiment had reached a 21-year-high level.

Wed, 30 Jun 2021 12:00:08 GMT

Orange launches new network

Orange announced on Wednesday that the company would launch a new experimental 5G network.

Wed, 30 Jun 2021 11:00:07 GMT

USD remains near peak level

On Wednesday, the US Dollar fluctuated near recently gained peak levels, as it was set to book the best monthly surge since March.

Wed, 30 Jun 2021 10:00:06 GMT

European share prices fall

During Wednesday's European trading hours, European stock indices declined due to worries about the Delta variant of the coronavirus.

Wed, 30 Jun 2021 09:00:08 GMT

BTC/USD declines on Wednesday

In the aftermath of touching the 36,600.00 level on Tuesday, the BTC/USD began a decline, which had extended into Wednesday's trading hours.

Wed, 30 Jun 2021 08:07:16 GMT

Asian stock prices surge

During Wednesday's Asian trading hours, Asian stock indices surged due to a boost in consumer confidence.

Wed, 30 Jun 2021 07:00:38 GMT

Shell, Renault look at Ionity stake

Royal Dutch Shell and Renault are interested in acquiring a stake in Ionity, the Volkswagen-backed electric car charging group, sources close to the matter reported.

Wed, 30 Jun 2021 06:00:06 GMT

GM views work with UAW

General Motors' top executive expressed support for the United Auto Workers union's efforts to organise the US electric car battery plants the carmaker is establishing with a partner.

Wed, 30 Jun 2021 05:00:07 GMT

China's Didi raises $4.0B

Didi Global, China's ride hailing company, has attracted $4.0B in its US IPO, pricing the listing at the the indicated range's top, Reuters reported.

Wed, 30 Jun 2021 04:00:07 GMT

Facebook rolls out Bulletin

Facebook launched its new newsletter product "Bulletin", the social media giant's standalone platform deemed for paid and free articles and podcasts, challenging its rival Substack.

Wed, 30 Jun 2021 03:00:07 GMT

Twitter appoints new CCO

Twitter appointed Sarah Personette as the social media's new chief customer officer with intention to oversee its global ad sales, revenue operations and global content partnerships.

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