News

Note: This section contains information in English only.
Sat, 01 Aug 2020 17:37:44 GMT

Andre Brandao to lead Banco do Brasil

According to Brazilian local media, former HSBC head of global banking Andre Brandao has been selected as the new CEO of Banco do Brasil.

Sat, 01 Aug 2020 16:35:21 GMT

JPMorgan's arm structures first deal

JPMorgan's development institution structured $250M 5-Y green bond for Georgia Global Utilities, the company announced on Saturday.

Sat, 01 Aug 2020 15:38:26 GMT

France to build railway highways

The French Prime Minister Jean Castex promised this week to launch a network of highways for trains that should replace goods delivery by truck thus reducing emissions.

Sat, 01 Aug 2020 14:35:15 GMT

Microsoft considers TikTok acquisition

According to the New York Times, Microsoft Corp discusses with China's ByteDance acquisition of TikTok.

Sat, 01 Aug 2020 13:35:49 GMT

James Murdoch quits News Corp

James Murdoch announced on Friday that he had left News Corp's board amid disagreements over content produced by the company.

Sat, 01 Aug 2020 12:36:58 GMT

China's SAFE vows greater openness

The Chinese State Administration of Foreign Exchange (SAFE) stated on Saturday that the course towards greater openness and accessibility of its financial market would be continued.

Sat, 01 Aug 2020 11:21:14 GMT

UAE to test nuclear plant

The United Arab Emirates started on Saturday start-up operations in the Barakah nuclear plant located in Abu-Dhabi.

Sat, 01 Aug 2020 10:36:49 GMT

Apple's suppliers apply for $6.65B scheme

Foxconn, Wistron Corp and Pegatron Corp, Apple's suppliers from Taiwan, applied on Saturday for $6.65B scheme offered by the Indian government to increase local phone production.

Sat, 01 Aug 2020 09:37:37 GMT

Apple clears app store in China

According to a report prepared by Qimai, Apple deleted 29.8K applications from its Chinese store amid the local authorities fight against unlicensed publishers.

Sat, 01 Aug 2020 08:36:35 GMT

Chile's leader announces new stimulus package

The President of Chile Sebastian Pinera announced on Friday an additional stimulus spending worth $4.5B to help the economy to overcome the impact of the coronavirus pandemic.

Sat, 01 Aug 2020 07:37:21 GMT

Trump pledges to ban TikTok

The US President Donald Trump stated on Friday to sign an executive order prohibiting TikTok on the American soil, thus pressing its Chinese owner to sell it.

Sat, 01 Aug 2020 05:48:53 GMT

Chevron reports $8.3B quarterly loss

Chevron posted an $8.3B quarterly loss, the company's biggest in three decades, joining other oil producers in the billion-dollar worth asset writedowns amid tumbling demand for fuel.

Sat, 01 Aug 2020 04:52:19 GMT

Tesla car demand stays strong during pandemic

Elon Musk said on Friday that demand for Tesla's electric cars remained strong during the COVID-19 pandemic, as consumers kept shopping online, adding the company was still having good order volume.

Sat, 01 Aug 2020 03:47:07 GMT

Microsoft explores TikTok purchase

Microsoft Corp is considering to acquire ByteDance's TikTok US operations in a potential deal that would allow the tech giant re-energise its advertising business, Reuters reported.

Sat, 01 Aug 2020 03:03:16 GMT

Exxon reports $1.1B quarterly loss

Exxon Mobil posted a $1.1B loss in the Q2 on the energy prices and demand drop caused by the coronavirus pandemic, confirming its plans for deeper spending cuts.

Fri, 31 Jul 2020 22:38:53 GMT

James Murdoch leaves News Corp board

James Murdoch resigned from the News Corp board due to disagreements about editorial content that has been published by the news publisher's media outlets, the company revealed on Friday.

Fri, 31 Jul 2020 19:41:50 GMT

EV maker Xpeng attracts another $300M

China's EV maker Xpeng Motors raised an extra $300M from its investors, including the Qatari sovereign wealth fund, Reuters reported on Friday.

Fri, 31 Jul 2020 18:42:15 GMT

Dish picks VMware for 5G network

Dish Network, the US satellite TV provider, announced on Friday that it had chosen the telco cloud platform made by software developer VMware to build its 5G wireless network.

Fri, 31 Jul 2020 17:41:38 GMT

IAG to attract $3.3B for COVID recovery

IAG, the owner of British Airways, is planning to raise $3.27B from shareholders for its financial recovery from the coronavirus crisis, its CEO Willie Walsh said on Friday.

Fri, 31 Jul 2020 16:46:37 GMT

Apple shares hit record high on Friday

On Friday, Apple's shares skyrocketed 7.1% to their record high of $412, boosted by strong quarterly results and making the iPhone maker the world's biggest public company.

Fri, 31 Jul 2020 15:57:24 GMT

Caterpillar shares decline on Q3 outlook

Caterpillar Inc. shares dropped 4% on Friday after the corporation published its conservative outlook on Q3 sales, the retail sales stepped down 23% in Q2 due to the pandemic-induced turbulences.

Fri, 31 Jul 2020 15:35:41 GMT

US personal consumption expenditure increases

The US Commerce Department stated on Friday that consumer spending had increased consequently in May and June, although the future growth is endangered by a recent rise in the coronavirus cases.

Fri, 31 Jul 2020 13:48:44 GMT

FCA reports lower-than-expected Q2 operating loss

Fiat Chrysler reported a lower-than-anticipated operating loss of €928B in its Q2, instead of the expected €1.87B loss, as the carmaker managed to contain some negative effects caused by the COVID-19 pandemic.

Fri, 31 Jul 2020 12:51:56 GMT

ByteDance explores China business's IPO

ByteDance, the Chinese tech giant and TikTok owner, is exploring an initial public offering of its local business in Shanghai or Hong Kong, Reuters reported on Friday.

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