News

Note: This section contains information in English only.
Tue, 11 Aug 2020 08:03:23 GMT

IAC homeservices growth slows in July

IAC/InterActiveCorp reported a slowing sales growth in the company's homeservices unit in July after surging in the two previous months, and warned of its monthly results' extended volatility amid the coronavirus pandemic, sending shares down 3%.

Tue, 11 Aug 2020 06:43:30 GMT

Tencent Music posts 18% jump in Q2 revenue

The Chinese group Tencent Music Entertainment reported its quarterly revenue surged as much as 18%, topping Wall Street expectations, on rapidly-growing number of paid subscriber due to expanding music library.

Tue, 11 Aug 2020 06:10:40 GMT

Occidental reports $8B loss in Q2

Occidental Petroleum reported a $8.35B loss in the Q2 on lower prices for energy and write-downs as the US oil producer was seeking to reduce its debt due to the coronavirus that had hit fuel demand.

Tue, 11 Aug 2020 05:31:08 GMT

Trump wants more stimulus

On Monday, the White House revealed that the US President Donald Trump wants additional economic stimulus.

Tue, 11 Aug 2020 04:29:37 GMT

FCA addresses federal judge

It was revealed by Fiat Chrysler Automobiles on Monday that the company had asked a US federal judge to dismiss a request to reinstate a racketeering lawsuit.

Tue, 11 Aug 2020 03:16:40 GMT

Wall Street ends day neutral

On Monday, the US stock markets ended the day's trading by trading flat, as losses were offset by stimulus talks.

Mon, 10 Aug 2020 19:48:06 GMT

Crude oil surges

During Monday's trading hours, crude oil prices surged, as global energy demand had increased.

Mon, 10 Aug 2020 19:41:05 GMT

CB: Uganda on track to recovery

The economy of Uganda is on track to recovery despite the contraction in the second quarter of 2020, a statement published by the central bank shows.

Mon, 10 Aug 2020 19:35:24 GMT

Russian trade surplus contracts

The trade surplus in Russia declined by 41.8% to $54.1B in the first six months of 2020, compared to the same period the previous year, the Federal Customs Service reports.

Mon, 10 Aug 2020 18:07:33 GMT

Israel to spend $322M to support manufacturing, hi-tech

Israel plans to spend $322M to support manufacturing and hi-tech sectors amid the coronavirus outbreak, the Israeli Ministry of Finance says.

Mon, 10 Aug 2020 16:53:42 GMT

Latvian consumer prices rise

Consumer prices in Latvia increased 0.5% in July, compared to the same period the prior year, data published by the national statistics office show.

Mon, 10 Aug 2020 16:32:42 GMT

Finland manufacturing orders decline

Manufacturing orders in Finland declined 11.8% in June this year, compared to the same period the previous year, data published by the Statistics Finland show.

Mon, 10 Aug 2020 15:30:53 GMT

Hong Kong exports to decline 10% in 2020

Hong Kong's exports are expected to decline 10% in 2020 amid the coronavirus pandemic, a statement published by the Hong Kong Trade Development Council shows.

Mon, 10 Aug 2020 14:22:06 GMT

Kodak shares drop $765M loan deal ban

Eastman Kodak shares dropped around 40% on Monday after the United States had blocked its $765M loan to the firm, which was set to produce drug ingredients for the potential COVID-19 vaccines usage.

Mon, 10 Aug 2020 12:58:06 GMT

Marriott's quarterly loss beats estimates

On Monday, Marriott International, the US hotel operator, reported a larger-than-anticipated quarterly loss, tumbled by the coronavirus crisis that halted global travel and caused a major drop in room bookings.

Mon, 10 Aug 2020 11:41:12 GMT

France's July economic activity at 7% below normal level

French July economic activity came at 7% below the normal levels, showing a slight improvement compared to June on the construction sector getting closer to the pre-coronavirus outbreak activity levels, while industrial capacity usage rose higher.

Mon, 10 Aug 2020 11:06:48 GMT

Commercial insurance rates rise 19% in Q2

Commercial insurance rates surged 19% in the Q2 globally, boosted by claims related to the coronavirus and other losses, according to the insurance broker Marsh's report seen on Monday.

Mon, 10 Aug 2020 10:20:24 GMT

Microsoft carves out TikTok parts

On Monday, it was revealed by Reuters that Microsoft would buy up parts of TikTok from the Chinese owner ByteDance.

Mon, 10 Aug 2020 08:42:28 GMT

Simon, Amazon discuss retail space conversion

Simon Property Group has entered talks with Amazon.com over converting some of its retail space, previously occupied by Sears Holdings and J.C. Penney Co, into Amazon's fulfilment centres, according to The Wall Street Journal.

Mon, 10 Aug 2020 08:34:46 GMT

Equinor names Opedal as new CEO

On Monday, Equinor has appointed Anders Opedal as its new CEO effective from November 2 as Norway's gas and oil group seeks to accelerate its push into the renewable energy.

Mon, 10 Aug 2020 05:00:19 GMT

Hyundai shares surge by 10.20%

On Monday, Hyundai Motor shares surged by 10.20% after the company announced that it would launch a new family of Ioniq electric vehicles brand.

Mon, 10 Aug 2020 04:01:07 GMT

China's factory deflation eases in July

According to data from the Chinese National Bureau of Statistics, China's producer price index fell by 2.4% in July.

Mon, 10 Aug 2020 03:02:10 GMT

China's CanSino to begin Phase III clinical trials

The Chinese vaccine maker CanSino Biologics will soon begin the Phase III clinical trials of the COVID-19 vaccine in Saudi Arabia, a spokesperson from the Saudi Health Ministry announced on Sunday.

Mon, 10 Aug 2020 01:46:37 GMT

UK authority investigates Barclays

The UK privacy watchdog has launched an investigation into Barclays Plc after media reports accused the bank of spying on its staff.

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