News

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Fri, 31 Jul 2020 11:44:03 GMT

L'Oreal sales rise in July

L'Oreal's CEO Jean-Paul Agon reported the company's sales climbed in July, their first surge since January 2020, sending the shares up 1.3% on the results.

Fri, 31 Jul 2020 11:03:06 GMT

Berkshire lifts stake in BoA to 11.8%

Warren Buffett-owned Berkshire Hathaway has acquired another $522M worth stock of Bank of America, lifting its already big stake in the second-biggest US bank by assets to 11.8%.

Fri, 31 Jul 2020 10:32:48 GMT

Amazon hits record-high in profit

Amazon.com reported its largest profit in the retailer's 26-year history on a major surge in its online sales and the lucrative business backing the third-party merchants during the coronavirus lockdowns.

Fri, 31 Jul 2020 08:51:39 GMT

Crude oil prices surge

Crude oil prices edged higher on Friday, the Brent crude futures were up by 1%, at $43.35 per barrel at 07.02 GMT, while the US crude gained 43 cents, or 1.1%, to $40.35.

Fri, 31 Jul 2020 07:56:24 GMT

Trump raises idea of delaying US elections

On Thursday, the US President Donald Trump openly floated the idea of delaying the US general elections in November.

Fri, 31 Jul 2020 07:03:11 GMT

MasterCard quarterly profit beats analyst estimates

MasterCard's shares surged by 1.41% in premarket trading on Thursday, after the company announced a better-than-expected quarterly profit.

Fri, 31 Jul 2020 05:59:12 GMT

Boeing cuts production of twin-engine jets

Boeing Co announced it would cut the production of 787 Dreamliner twin-engine jets to six per month in 2021.

Fri, 31 Jul 2020 05:15:01 GMT

Exxon plans job and spending cuts

According to sources with knowledge of the matter, Exxon Mobil is planning a deep job and spending cuts.

Fri, 31 Jul 2020 03:56:18 GMT

Kellogg increases annual profit forecast

Kellogg's shares rose as much as 2.6% on Thursday to hit an over 21-month high, after the company increased its yearly profit and sales forecast.

Fri, 31 Jul 2020 02:54:08 GMT

Germany's economy declines in Q2

According to the Federal Statistics Office, the German gross domestic product declined by 10.1% in the second quarter.

Fri, 31 Jul 2020 01:48:27 GMT

US economy declines in Q2

According to the US Commerce Department, the US gross domestic product contracted at a 32.9% annualized rate in Q2, the deepest decline since 1947.

Thu, 30 Jul 2020 20:00:59 GMT

Vietnamese economy to grow 2.8% in 2020

The Vietnamese economy is expected to grow 2.8% in 2020 and 6.8% in 2021, a forecast published by the World Bank shows.

Thu, 30 Jul 2020 19:00:40 GMT

Panasonic reports $93.5M loss

Panasonic reported a net loss of $93.56M in the second quarter of 2020 amid the coronavirus pandemic, a financial report published by the company shows.

Thu, 30 Jul 2020 18:24:08 GMT

French economy to perform better than planned

The French economy is expected to perform better than previously expected, a statement published by the Bank of France Governor Villeroy de Galhau shows.

Thu, 30 Jul 2020 16:56:17 GMT

UK car production plunges

The British car production sector contracted 42.8% in the first six months of 2020, compared to the same period in 2019, the Society of Motor Manufacturers and Traders reports.

Thu, 30 Jul 2020 16:27:55 GMT

UK Lloyds Banking Group reports $782M loss

The Lloyds Banking Group reported a pre-tax loss of $782M in the first six months of 2020 amid the coronavirus pandemic, a statement published by the company shows.

Thu, 30 Jul 2020 15:37:30 GMT

US economy contracts 32.9% in Q2

The US economy contracted 32.9% in the second quarter of 2020, compared to the same period the prior year, data published by the US Commerce Department show.

Thu, 30 Jul 2020 11:57:50 GMT

Google's deal for Fitbit faces EU antitrust inquiry

Google's $2.1B worth bid for Fitbit, the fitness tracker maker, is set to face the EU antitrust probe next week, Reuters reported on Thursday.

Thu, 30 Jul 2020 11:23:34 GMT

Panasonic to boost batteries energy density

Panasonic aims to enhance the energy density of the "2170" battery cells, which the company supplies to Tesla, by 20% during the next five years as well as commercialise a cobalt-free version.

Thu, 30 Jul 2020 10:05:21 GMT

VW posts Q2 operating loss on Thursday

Volkswagen reported on Thursday an operating loss in its Q2 as car deliveries plunged by nearly a third amid the coronavirus crisis, forcing the German automaker to trim its dividend despite robust growth in demand.

Thu, 30 Jul 2020 09:24:01 GMT

Samsung sees boost in H2 earnings

Samsung Electronics is expecting its second-half earnings to rise on a worldwide recovery of the company's smartphone demand, driven by the coronavirus-caused shift to the remote work.

Thu, 30 Jul 2020 07:54:14 GMT

IBM ties up with Japan business over quantum computing

On Thursday, International Business Machines revealed its research partnership with the Japanese industry, as the US tech firm seeks to boost quantum computing advances, deepening ties between Japan and the US.

Thu, 30 Jul 2020 06:41:09 GMT

Nestle trims 2020 growth forecast

On Thursday, Nestle has trimmed its annual underlying sales forecast, as demand had slowed down after customers worked the way through stockpiled cupboards at the beginning of the coronavirus-led lockdowns.

Thu, 30 Jul 2020 04:42:40 GMT

Qualcomm expects sales above forecasts

Qualcomm Inc announced expectations for revenue of up to $6.3B, largely above expectations, powered by sales of chips for 5G devices and reaching a solution with Huawei.

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