News

Note: This section contains information in English only.
Thu, 04 Jun 2020 14:53:35 GMT

Canadian trade declines

Data published by Statistics Canada on Thursday revealed that Canadian imports and exports had dropped in April. The news affected the Canadian Dollar's value.

Thu, 04 Jun 2020 14:26:40 GMT

GM builds electric van for business users

General Motors is building an electric van designed for business users, Reuters reported, marking the company's joining to a rising number of carmakers planning their electric vehicles for such customers as UPS and Amazon.com.

Thu, 04 Jun 2020 12:45:35 GMT

Germany urges petrol stations to offer EV charging

Germany is set to force all petrol stations to provide electric vehicle charging on the back of a sweeping $146.26B economic recovery plan, bolstering electric car demand, the government said on Thursday.

Thu, 04 Jun 2020 12:29:51 GMT

GM plans working closely with CATL in EV push

General Motors is set to work closely with Contemporary Amperex Technology Ltd, China's electric car battery maker, aiming to ramp up its electric production in the Chinese market, a senior executive stated.

Thu, 04 Jun 2020 11:37:41 GMT

Amazon considers buying stake in Bharti Airtel

Amazon.com has entered the advanced talks to acquire a $2.0B worth stake in Bharti Airtel, the Indian mobile operator, according to sources familiar with the matter.

Thu, 04 Jun 2020 09:46:41 GMT

Stock rally pauses

During European trading hours on Thursday, global stock rally paused, as market participants began to wait for ECB announcements.

Thu, 04 Jun 2020 08:52:17 GMT

ZoomInfo price its IPO at $21/ share

ZoomInfo Technologies has priced its IPO at $21 for a share, above the initially revised target range, the company said on Thursday, marking the biggest US technology listing planned so far in 2020.

Thu, 04 Jun 2020 08:05:50 GMT

Aston Martin plans up to 500 job cuts

UK luxury automaker Aston Martin is planning to cut up to 500 roles, seeking to "balance" its cost base with the reduced sports vehicle production levels, the company stated on Thursday.

Thu, 04 Jun 2020 07:38:09 GMT

Etihad to renew transit flights on June 10

Etihad Airways is set to renew carrying transit passengers on June 10 from certain destinations after the UAE government has lifted a suspension imposed on those flights.

Thu, 04 Jun 2020 05:22:06 GMT

Lufthansa reports €2.1B net loss in Q1

Revenues of Lufthansa declined 18% year-over-year to €6.4B in the Q1, resulting in net profit loss of €2.1B, airline announced,

Thu, 04 Jun 2020 03:59:42 GMT

Ireland's jobless rate at 26.1% in May

Ireland's jobless rate went down slightly to 26.1% in May from the prior month's figure of 28.2%, the country's CSO stated.

Thu, 04 Jun 2020 03:39:12 GMT

Brazil post $3B FX inflow in May

Brazil posted a $3,1B net FX inflow in May, Central Bank's figures revealed, the first net FX inflow since last year's July.

Wed, 03 Jun 2020 21:16:06 GMT

Total to participate in SSE wind farm project

France's oil major Total said that it will buy 51% stake in SSE's wind farm project, Seagreen 1, adding that it represented a global investment of nearly $3.7B.

Wed, 03 Jun 2020 20:19:09 GMT

German jobless rate rises

The jobless rate in Germany increased by 0.3% to 6.1% in May, compared to the prior month, the Federal Employment Agency reports.

Wed, 03 Jun 2020 19:13:27 GMT

Bank of Canada keeps key rate unchanged

The Canadian central bank decided to keep the key interest rate at 0.25% amid the coronavirus outbreak, a statement published by the bank shows.

Wed, 03 Jun 2020 18:12:21 GMT

S. Korea foreign reserves increase to $407.3B

South Korea's foreign reserves increased for the second consecutive month to $407.3B in May, a statement published by the Bank of Korea shows.

Wed, 03 Jun 2020 17:08:36 GMT

Hong Kong retail sales decrease in April

Retail sales in Hong Kong fell to $3.1B in April, a decline of 36.1% from the same period the previous year, data published by the Hong Kong Special Administrative Region government show.

Wed, 03 Jun 2020 16:29:21 GMT

S. Korea export falls 23.7%

The South Korean export declined 23.7% to $34.86B in May, compared to the same period the prior year, the Ministry of Trade, Industry and Energy reports.

Wed, 03 Jun 2020 13:42:58 GMT

Airlines cut fares

On Wednesday, International Air Transport Association announced that in May airlines cut fares by an average of 23%.

Wed, 03 Jun 2020 13:02:44 GMT

3M appoints GE exec Patolawala as CFO

On Wednesday, the US industrial conglomerate 3M has named Monish Patolawala, General Electric's executive, as 3M's new Chief Financial Officer who will replace Nick Gangestad starting from July 1.

Wed, 03 Jun 2020 11:54:45 GMT

BlackRock to switch focus to Asia credit, oil and travel

BlackRock, the world's largest asset manager, is planning to switch its focus to domestic tourism, oil stocks and debt in India and China, calling out investment opportunities in Asia, it said on Wednesday.

Wed, 03 Jun 2020 11:25:43 GMT

Renault completes €5B loan

On Wednesday, Renault has finalised the €5B French government-backed loan, boosting the automaker's finances amid the coronavirus crisis, which hit hard the auto industry.

Wed, 03 Jun 2020 10:11:10 GMT

European business declines

Survey data published on Wednesday revealed that in May Euro Zone business activity continued to decline.

Wed, 03 Jun 2020 09:31:21 GMT

World shares hit three-month highs on Wednesday

On Wednesday, global shares hit their three-month highs on hopes for economic recovery after the coronavirus crisis, despite the on-going US civil unrest.

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