News

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Fri, 23 Oct 2020 07:54:28 GMT

German PMI causes EUR surge

On Friday, as the German Purchasing Managers Indices were released, they caused a surge of the Euro against peer currencies.

Fri, 23 Oct 2020 07:29:56 GMT

Huawei revenues grow

On Friday, Huawei Technologies announced a gain in quarterly revenues despite the coronavirus and US restrictions.

Fri, 23 Oct 2020 06:16:04 GMT

Wirecard American unit sold to Syncapay

Wirecard North America, the unit of German payments firm Wirecard, was sold to Syncapay, the US holding firm focused on payment services.

Fri, 23 Oct 2020 04:23:10 GMT

US business borrowing down 13%

The US companies' borrowings for equipment declined nearly 13% year-on-year in September from a year earlier, the ELFA reported on Thursday.

Fri, 23 Oct 2020 03:23:59 GMT

WhatsApp to offer additional services

Facebook announced that its WhatsApp messaging app is likely to start to offer hosting services and in-app purchases, aiming to boost revenue from the app.

Thu, 22 Oct 2020 20:46:59 GMT

Deutsche Bank considers selling IT unit

Germany's Deutsche Bank was in negotiations to sell IT services unit Postbank Systems, sources said, adding that potential buyer is Tata Consultancy Services.

Thu, 22 Oct 2020 20:09:29 GMT

Tesla revenue rises 39% in Q3

The US electric vehicle producer Tesla announced a total revenue of $8.77B in the third quarter of 2020, an increase of 39% from the same period the prior year.

Thu, 22 Oct 2020 18:52:29 GMT

German consumer climate deteriorates

The German consumer climate worsened in November amid a second wave of the coronavirus pandemic, data published by the market research institute GfK show.

Thu, 22 Oct 2020 18:03:50 GMT

Uzbek central bank keeps key rate unchanged

The Central Bank of Uzbekistan has kept its key rate unchanged at 14%, a statement published by the chairman of the bank Mamarizo Nurmuratov shows.

Thu, 22 Oct 2020 16:46:50 GMT

HK fines Goldman Sachs over 1MDB failings

Hong Kong's markets watchdog fined Goldman Sachs's Asian business $350M for the company's role in 1MDB scandal.

Thu, 22 Oct 2020 15:42:45 GMT

US home sales at 14-year high

The US existing home sales grew 9.4% to 6.54M units in September, the highest level in 14 years, supported by historically low mortgage rates.

Thu, 22 Oct 2020 15:24:41 GMT

Italy's AGCOM fines Google for betting ads

The Italian communications watchdog (AGCOM) fined Google for breaching national regulations banning advertising of betting and games.

Thu, 22 Oct 2020 14:33:31 GMT

LG Display profit tops expectations

LG Display reported a Q3 operating profit of $145M, topping expectations and ending a six-quarter-long run of loss and driven by Apple's new iPhone shipments and higher demand for tech devices.

Thu, 22 Oct 2020 13:33:16 GMT

Saudi Arabia inks MoUs on AI

On Thursday, Saudi Arabia stated it had signed three MoUs (memorandums of understanding) with Huawei, Alibaba and IBM on artificial intelligence, not providing any further details.

Thu, 22 Oct 2020 12:36:36 GMT

Apple expands new physical store format

Apple expands the "Express" retail store format ahead of the upcoming holiday season, as the tech giant seeks to get its new iPhone 12 devices into customers' hands, Apple's retail chief stated on Thursday.

Thu, 22 Oct 2020 10:56:03 GMT

McAfee attracts $620M in US IPO

On Wednesday, the cyber-security company McAfee sold its shares in IPO at $20 for a piece to raise as much as $620 million, Reuters reported on Thursday.

Thu, 22 Oct 2020 10:37:03 GMT

Adidas plans Reebok sale

Adidas has plans for the sale of its Reebok division, according to Germany's manager magazin report seen on Thursday.

Thu, 22 Oct 2020 09:08:45 GMT

Oil trades flat

During Thursday's European trading hours, crude oil prices fluctuated sideways, as a decrease in retail demand was offset by the US increasing inventories.

Thu, 22 Oct 2020 08:17:12 GMT

Amazon to make $100M investment in Mexico

On Thursday, Amazon.com announced a $100M logistics investment in Mexico's new warehouses, including the retailer's first shipping centres outside the capital area, as the company seeks offering faster deliveries.

Thu, 22 Oct 2020 06:41:24 GMT

Exxon likely to unveil job cuts

Exxon Mobil is likely to unveil job trims after completing appraisals of its workforce in Canada and the United States, according to its CEO statement.

Thu, 22 Oct 2020 06:12:54 GMT

Tesla posts record-high revenue

Tesla reported the fifth quarterly profit in succession on the $8.8B record revenue, driven by a surge in car deliveries and environmental regulatory credits sales to other carmakers.

Thu, 22 Oct 2020 05:10:50 GMT

China wants reversal of Swedish ban on Huawei

China called on Sweden to reverse its Huawei and ZTE ban from the 5G spectrum auction, as it seeks avoidance of "negative impact" on the Chinese companies.

Thu, 22 Oct 2020 03:52:27 GMT

Disney's Chairman to join Perfect Day's board

Bob Iger, Walt Disney's Co-Executive Chairman, is joining the board of Perfect Day, the animal-free dairy maker, along with other co-founders Perumal Gandhi and Ryan Pandya, the company said in a statement.

Thu, 22 Oct 2020 02:48:36 GMT

Amazon prolongs work-from-home period

Amazon.com extended work from home option until June 2021 due to the rising number of the COVID-19 cases.

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