News

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Fri, 04 Dec 2020 19:21:02 GMT

Brazil economy expands 7.7% in Q3

The Brazilian economy expanded 7.7% in the third quarter of 2020, compared to the previous quarter, data published by the Brazilian government show.

Fri, 04 Dec 2020 18:10:37 GMT

India economy to contract 7.5%

The economy of India is expected to contract 7.5% in the current fiscal year, a report published by the central bank of India shows.

Fri, 04 Dec 2020 17:01:00 GMT

US factory orders rise in October

US factory orders increased 1% in October, after increasing 1.3% in September, a report published by the Commerce Department shows.

Fri, 04 Dec 2020 16:30:56 GMT

US unemployment declines to 6.7% in November

The US unemployment rate declined to 6.7% in November from a recent high of 14.7% in April, data published by the Labor Department show.

Fri, 04 Dec 2020 15:23:46 GMT

Glencore aims at net-zero emissions

On Friday, Glencore stated it would commit to net-zero emissions through reducing its carbon footprint by around 40% by 2035.

Fri, 04 Dec 2020 14:06:32 GMT

Gucci donates $500K to UNICEF

Kering-owned luxury brand Gucci will donate $500K to UNICEF on supply and distribution of the COVID-19 vaccines to people globally, it stated on Friday.

Fri, 04 Dec 2020 13:10:58 GMT

Disrupted chip supplies may hit China's output

On Friday, the largest foreign carmaker in China, Volkswagen, stated that the Chinese overall car production might be interrupted following disrupted chip supplies around the globe caused by the COVID-19 pandemic.

Fri, 04 Dec 2020 11:48:55 GMT

Aston Martin to inject £125M in capital

On Friday, Aston Martin's shareholders have granted their approval for the luxury automaker's plans for £125M capital injection, seeking to bolster its loss-making business.

Fri, 04 Dec 2020 11:36:02 GMT

Sabadell plans more layoffs, alliances

Sabadell is planning to cut more job and strike alliances on product distribution with other EU lenders after the merger deal with its rival BBVA collapsed last week.

Fri, 04 Dec 2020 09:42:12 GMT

US likely to post slowest job growth

The United States is expected to report its slowest job growth in six months, with November non-farm payrolls likely increasing by 469K jobs after surging by 638K in October, Reuters survey showed.

Fri, 04 Dec 2020 08:52:47 GMT

Nestle to invest $3.6B to trim carbon emissions

Nestle is planning an investment worth $3.58 billion during the following five years to cut its carbon emissions to zero by 2050.

Fri, 04 Dec 2020 08:12:50 GMT

UBS names new Swiss unit president

On Friday, UBS Group has appointed Sabine Keller-Busse, the EMEA head and Chief Operating Officer, as the new UBS Switzerland president effective from February 1, 2021.

Fri, 04 Dec 2020 06:57:51 GMT

Microsoft unveils new cloud-based tool

Microsoft has revealed its new cloud-based tool deemed to help businesses get handle on data and operations and will be generally available "shortly".

Fri, 04 Dec 2020 06:02:20 GMT

Rimac: SPAC funding may harm EV industry

Rimac, the electric hypercar maker, stated that the growing demand for SPACs, used to raise money for electric cat start-ups, could damage the industry's long-term prospects.

Fri, 04 Dec 2020 05:01:08 GMT

Biden picks new NEC head

On Thursday, the US President-elect Joe Biden has picked former Barack Obama's official, Brian Deese, to lead the National Economic Council.

Fri, 04 Dec 2020 04:04:24 GMT

US carriers trim 29K jobs through mid-Oct

The US cargo and passenger airline industry faced total employment drop by about 29K employees through mid-October, as lay-off restrictions set by the government expired.

Thu, 03 Dec 2020 21:43:46 GMT

Ryanair to acquire 75 extra Boeing jets

Ryanair made a new order of 75 additional 737 MAX jets from Boeing with the $9.0B list price, sending the US planemaker's shares up 5.2% on Thursday.

Thu, 03 Dec 2020 20:46:20 GMT

Australian wine to stay under duties in China

The Chinese Commerce Ministry stated that it will keep anti-dumping duties over imports of wine from Australia for four months.

Thu, 03 Dec 2020 20:01:09 GMT

Nestle to spend billions to cut CO2 emissions

Nestle announced plans to invest 3.2B Swiss francs or $3.58B over the five years to step towards its goal of net-zero emissions by 2050.

Thu, 03 Dec 2020 18:50:51 GMT

Walmart to spend $700M on employee bonuses

Walmart is expected to spend more than $700M on bonuses as compensation for helping meet an increase in demand for essential goods in the coronavirus crisis.

Thu, 03 Dec 2020 18:23:33 GMT

LafargeHolcim to reduce CO2 emissions

LafargeHolcim was allocating 100M Swiss francs or nearly $111.89M to cut its CO2 emissions in India, the world's biggest cement maker stated.

Thu, 03 Dec 2020 16:52:17 GMT

JD Logistics looks for bank pitches for IPO

JD Logistics asked banks to pitch for the lead role in Hong Kong IPO of up to $3B, aiming to launch the deal in the H1 of 2021, two sources familiar with the matter stated.

Thu, 03 Dec 2020 16:03:49 GMT

Flipkart's PhonePe to raise $700M

PhonePe, the digital payments operations of Walmart's e-commerce arm Flipkart, announced that it is set to sell a stake to existing investors for $700M.

Thu, 03 Dec 2020 15:17:59 GMT

US Dollar reaches record low level

During Thursday's European trading hours, the US Dollar index reached low levels not experienced since May of 2018.

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