News

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Sat, 19 Dec 2020 16:28:30 GMT

Canada retail sales rise

Retail sales in Canada increased 0.4% to $42.7B in October, compared to the prior month, data published by the Statistics Canada show.

Sat, 19 Dec 2020 14:47:00 GMT

China crude oil output rises 1.2%

Crude oil output in China increased 1.2% to 15.96M tonnes in November, data published by the National Bureau of Statistics show.

Sat, 19 Dec 2020 14:35:29 GMT

S.Korean business sentiment worsens

The South Korean business sentiment worsened in November amid an increase in COVID cases, data published by the Bank of Korea show.

Sat, 19 Dec 2020 11:26:35 GMT

Tesla shares soar

On Friday, Tesla Inc shares value increased to a new record high, reaching $695 per share, amid the company's awaited entrance into the S&P 500 index.

Sat, 19 Dec 2020 10:33:10 GMT

Wistron fails to manage Indian plant

According to a Karnataka factories department report, Wistron, Apple's supplier, had failed to manage one of the expanded factories in India and breached several state laws.

Sat, 19 Dec 2020 09:32:40 GMT

China issues new regulation on investments

The National Development and Reform Commission announced on Saturday entry into force of the new rules allowing authorities check investments from abroad against national security criteria.

Sat, 19 Dec 2020 07:44:30 GMT

Microsoft develops own chips

Microsoft announced on Friday that the company would develop its own server and PC chips.

Sat, 19 Dec 2020 05:48:48 GMT

Clarida comments on policy

On Friday, the Board Member of the Federal Reserve Richard Clarida stated that there would be no changes in the Fed's current policy.

Sat, 19 Dec 2020 04:40:14 GMT

Oil reaches high level

During Friday's US trading hours, crude oil prices reached above the $52 level, as demand was expected to return.

Sat, 19 Dec 2020 04:39:50 GMT

US Dollar slightly recovers

On Friday, the US Dollar recovered some of its previous losses. However, the currency remained near a historical low level.

Fri, 18 Dec 2020 21:43:20 GMT

Wall Street declines on Friday

US stock indices ended the week's trading on Friday with a decline from the recently reached new historical high.

Fri, 18 Dec 2020 20:42:16 GMT

Russia 2020 inflation at 4.6-4.9%

The inflation rate in Russia is expected to be around 4.6-4.9% in 2020, above the 4% target, a report published by the Russian central bank shows.

Fri, 18 Dec 2020 20:31:57 GMT

UK retail sales decline 3.8% in November

Retail sales in the UK contracted 3.8% in November, compared to the previous month, data published by the British Office for National Statistics show.

Fri, 18 Dec 2020 19:00:31 GMT

US current account deficit edges higher

The US Commerce Department announced on Friday that the current account deficit, which measures the flow of investments, goods and services into the United States, surged by 10.6% to $178.5B in Q3.

Fri, 18 Dec 2020 18:02:03 GMT

JPMorgan's Raymond to exit board

On Friday, JPMorgan Chase announced that Lee Raymond, the company's longest-serving director, would step down from the board at the end of this year.

Fri, 18 Dec 2020 17:00:37 GMT

Volkswagen to adjust production

On Friday, the German carmaker Volkswagen announced that it would adjust production at its factories in Europe, North America and China amid a shortage in semiconductors supply.

Fri, 18 Dec 2020 16:06:58 GMT

Wall Street's main indexes hit record high

US stocks opened at record levels on Friday, as the Dow Jones Industrial Average was up by 10.51 points at 9:34 a.m. ET, while the Nasdaq Composite Index rose by 0.09%.

Fri, 18 Dec 2020 15:12:49 GMT

WhatsApp rolls out desktop voice, video calls tests

On Friday, Facebook's WhatsApp has launched its desktop app beta version that features video and voice calls, the tech blog WABetaInfo reported.

Fri, 18 Dec 2020 14:05:11 GMT

Lockheed to assist Japan with stealth fighter

Lockheed Martin will assist Japan with building new stealth fighter deemed for the country's air force by the mid-2030s, according to Reuters.

Fri, 18 Dec 2020 12:55:05 GMT

Gucci to open stores on Alibaba's e-commerce site

Gucci has joined Alibaba to open flagship stores on its online luxury e-commerce platform, as the fashion label seeks to lure more Chinese customers to reverse its revenue drop amid the coronavirus pandemic.

Fri, 18 Dec 2020 11:57:30 GMT

Unilever to relaunch ads on Facebook, Twitter

Unilever is planning to resume its advertising on the US social media platforms, such as Twitter, Facebook and Instagram, following the six-month-long pause amid hate speech and divisiveness during the US election period.

Fri, 18 Dec 2020 11:10:13 GMT

Tesla preps to enter S&P 500

Tesla prepares to formally enter the S&P 500 on Monday, as its shares are up almost 700% during the last year, marking the meteoric rise and turning the company into the most highly-valued carmaker in the world.

Fri, 18 Dec 2020 10:38:01 GMT

Blue Origin to deliver new rocket engines in 2021

Blue Origin is expected to deliver шеы first flight-ready rocket engines already next summer, the United Launch Alliance's CEO stated on Friday.

Fri, 18 Dec 2020 08:46:59 GMT

Microsoft warns of malicious software

A malicious software was found in Microsoft's systems, the company reported, linked to the massive hacking campaign that had been disclosed by US officials earlier this week.

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