News

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Tue, 29 Sep 2020 18:06:30 GMT

S.Korean business sentiment worsens

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

Tue, 29 Sep 2020 17:18:31 GMT

Mongolia to face contraction in 2020

The Mongolian economy is expected to contract by 2.4% in 2020, the first time since 2009, amid the pandemic, a report published by the World Bank shows.

Tue, 29 Sep 2020 16:24:31 GMT

S. Africa loses 2.2M jobs in Q2

The South African economy lost around 2.2M jobs in the second quarter of the current year, data released by Statistics South Africa show.

Tue, 29 Sep 2020 15:25:51 GMT

Latvia revises economic forecast for 2020

The Bank of Latvia revised its economic forecast to a 4.7% contraction in 2020 from a previous estimate of 7.5%, data published by the bank show.

Tue, 29 Sep 2020 14:04:36 GMT

China's PATEO seeks raising £114M

PATEO, China's smart vehicle equipment supplier, said it had entered talks with potential investors, seeking to raise £114.3M (1.0B yuan) before its planned STAR board listing in Shanghai.

Tue, 29 Sep 2020 12:45:10 GMT

EZ sentiment beats forecasts

Euro zone's economic sentiment improved above analysts' expectations in September, due to rising optimism in its services sector, official data showed on Tuesday.

Tue, 29 Sep 2020 11:46:50 GMT

Spain's retail sales rise in August

According to the National Statistics Institute, Spanish retail sales surged by 1.8% month-over-month in August for the fourth month in succession, signalling a steady recovery after the coronavirus crisis.

Tue, 29 Sep 2020 10:55:23 GMT

Oil prices remain flat

During Tuesday's European trading hours, crude oil prices remained almost flat, as a minor decline of 0.3% was observed.

Tue, 29 Sep 2020 09:42:51 GMT

Walmart invests in Tata

On Tuesday, Walmart revealed that it is in negotiating with Tata Group a $25 billion investment in Tata's planned super app.

Tue, 29 Sep 2020 08:41:11 GMT

European stock markets open lower

On Tuesday, European stocks opened lower, the pan-European STOXX 600 declined by 0.5% in early trading.

Tue, 29 Sep 2020 07:42:10 GMT

Walmart sees investment in Tata Group's app

Walmart has entered negotiations with Tata Group over its potential $25B investment in the conglomerate's "super app", according to the Mint newspaper's report published on Tuesday.

Tue, 29 Sep 2020 07:29:34 GMT

Musk plans to list Starlink business

Tesla's CEO Elon Musk is planning an initial public offering of Starlink, SpaceX's space internet business, but only a couple of years in the future.

Tue, 29 Sep 2020 05:11:47 GMT

GM repays tax

General Motors stated on Monday that the company would repay $28 million of Ohio state tax incentives.

Tue, 29 Sep 2020 03:40:39 GMT

Google enforces tax

On Monday, Google announced that the company would enforce a 30% tax on apps that would not comply with digital item selling rules.

Tue, 29 Sep 2020 03:30:49 GMT

UN studies illegal money in Africa

The United Nations revealed on Monday that illegal money outflows from Africa had reached $90 billion.

Mon, 28 Sep 2020 20:42:09 GMT

Cleveland Fed President comments on economy

On Monday, the President of the Federal Reserve of Cleveland Loretta Mester stated that the economic recovery of the US should be made more inclusive.

Mon, 28 Sep 2020 19:42:41 GMT

New Zealand reports more jobs

The economy of New Zealand added 9,147 more jobs in August, compared to July, data published by the statistics department Stats NZ show.

Mon, 28 Sep 2020 19:32:50 GMT

Malaysia exports decline

Exports of goods from Malaysia declined 2.9% to $19B in August, compared to the same period the prior year, the International Trade and Industry Ministry reports.

Mon, 28 Sep 2020 18:10:13 GMT

Myanmar attracts $5B in foreign investment

Foreign investment in Myanmar reached over $5B in the current fiscal year, data published by the Directorate of Investment and Company Administration show.

Mon, 28 Sep 2020 16:58:35 GMT

Maldives economy to recover by 2022

The economy of the Maldives will recover from the ongoing pandemic by 2022, a statement published by the Minister of Finance Ibrahim Ameer shows.

Mon, 28 Sep 2020 15:51:36 GMT

ADB loans $200M to improve energy sector infrastructure in Uzbekistan

The Asian Development Bank approved a $200M loan to improve infrastructure in the energy sector in Uzbekistan, a statement published by the bank shows.

Mon, 28 Sep 2020 15:30:04 GMT

Finnish consumers uncertain about economy

Consumer confidence among people living in Finland worsened in September, compared to the previous month, data published by the Statistics Finland show.

Mon, 28 Sep 2020 14:17:55 GMT

Amazon plans Prime Day event

On Monday, Amazon.com stated that Prime Day, the annual shopping event, would take place on October 13-14, after it had been postponed due to the coronavirus pandemic.

Mon, 28 Sep 2020 12:41:36 GMT

Samsung Energy opens lower than expected

Siemens Energy showed modest debut on Monday on the Frankfurt stock exchange with its shares opening lower than expected at €22.01 apiece.

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