News

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Sat, 15 Feb 2020 07:04:12 GMT

Alstom's CEO Viale under investigation

Michele Viale, the head of the Italian Alstom Ferroviaria, was under investigation by Italy's prosecutors over the deadly high-speed train incident that occurred on February 6.

Sat, 15 Feb 2020 05:55:57 GMT

US retail sales increase by 0.3% in January

The US Commerce Department retail sales report showed that consumer spending in the United States rose by 0.3% in January after a weak holiday season.

Sat, 15 Feb 2020 05:02:33 GMT

Beijing imposes 14-day self-quarantine on arrival

On Friday, the state-backed Beijing Daily newspaper reported that Beijing's authorities have imposed 14 days self-quarantine on those people, returning to the capital city.

Sat, 15 Feb 2020 04:03:40 GMT

Kraft Heinz's debt rating cut to "junk" by Fitch

Shares of Kraft Heinz, in which the Brazilian private equity firm 3G and Warren Buffett's Berkshire Hathaway own major stakes, fell by 4% on Friday after Fitch cut the company's credit rate to "junk".

Sat, 15 Feb 2020 03:05:39 GMT

Delta plans to invest $1B to fight air travel climate impact

Delta Air Lines would spend $1B in the next 10 years to fight global air travel climate impact. The company announced on Friday.

Fri, 14 Feb 2020 21:01:56 GMT

US retail sales increase by 0.3% in January

The US Commerce Department retail sales report showed that consumer spending in the United States rose by 0.3% in January after a weak holiday season.

Fri, 14 Feb 2020 20:00:58 GMT

Dow Jones and S&P 500 remain unchanged

The Dow Jones Industrial Average and the S&P 500 traded flat on Friday, as concerns about the coronavirus epidemic in China showed no signs of easing.

Fri, 14 Feb 2020 19:00:33 GMT

Euro bounces against US Dollar

On Friday, the common European currency rebounded against the US Dollar after data showed that the Eurozone GDP grew by 0.1% in the fourth quarter.

Fri, 14 Feb 2020 17:54:48 GMT

Alstom's CEO Viale under investigation

Michele Viale, the head of the Italian Alstom Ferroviaria, has been placed under investigation by Italy's prosecutors, over the deadly high-speed train incident that occurred on February 6.

Fri, 14 Feb 2020 17:00:55 GMT

Beijing imposes 14-day self-quarantine on arrivals

On Friday, the state-backed Beijing Daily newspaper reported that Beijing's authorities have imposed 14 days self-quarantine on those people, returning to the capital city.

Fri, 14 Feb 2020 15:41:17 GMT

FCA suspends production in Serbia amid China disruption

Fiat Chrysler announced on Friday it temporarily halted its output at the Serbian factory amid components disruptions, which sourced from China, as businesses had been hit by the coronavirus outbreak.

Fri, 14 Feb 2020 15:27:03 GMT

UK PM Johnson greets new cabinet

On Friday, Britain's Prime Minister Boris Johnson has welcomed the new cabinet of senior ministers, pledging to repay the voters' trust by building more hospitals, improving infrastructure and cutting crime.

Fri, 14 Feb 2020 13:25:04 GMT

Airlines halt flights to China over coronavirus

Large airlines are suspending their flights to China due to the coronavirus outbreak, including such giants as American Airlines, Air France, British Airways, Lufthansa, Qatar Airways and many others.

Fri, 14 Feb 2020 13:18:29 GMT

Renault posts first loss in ten years

Renault reported on Friday its first loss in the last ten years and trimmed its margin target for 2020, as the carmaker tries to reboot its alliance with Nissan after the Carlos Ghosn scandal.

Fri, 14 Feb 2020 12:03:22 GMT

VW to close coal-fired power stations to cut CO2

Volkswagen is planning to shut down two of its coal-fired power stations located at the main plant in Germany's Wolfsburg, with the intention to cut down its carbon dioxide emissions, the CEO Herbert Diess stated on Friday.

Fri, 14 Feb 2020 10:41:24 GMT

Nissan shares drop to decade-low amid earnings rout

On Friday, Nissan Motor shares plunged to their lowest level in ten-and-a-half years, falling about 10% after the Japanese carmaker trimmed its annual profit outlook and claimed it would not make a dividend payment in the second half.

Fri, 14 Feb 2020 10:26:42 GMT

Online luxury fashion retailer MyTheresa plans NYSE listing: sources

MyTheresa, the online lux-fashion retailer, has plans for listing on the NY Stocke Exchange and could take place as soon as April 2020, Reuters reported.

Fri, 14 Feb 2020 08:50:09 GMT

Mattel tops profit estimates on cost cuts

Mattel topped estimates for its quarterly profit results, benefited from a strong cost-cutting programme, despite the company's Q4 North American sales of the flagship Barbie brand were hit by Hasbro's "Frozen" dolls.

Fri, 14 Feb 2020 07:52:00 GMT

Tesla seeks raising $2.0B in share sale

Tesla is planning to attract $2.0B by a share sale, tapping into extraordinary jump in the carmaker's share price during the past few months, as well as reversing its policy of avoiding new stock sales.

Fri, 14 Feb 2020 06:56:22 GMT

Roku sees annual revenue to top forecasts

Roku is expecting its annual revenue to be in the $1.58B-$1.62B range, topping Wall Street forecasts, driven by the new streaming services launches, sending the company's shares up 10%.

Fri, 14 Feb 2020 05:42:54 GMT

Nvidia Q1 revenue beats expectations on cloud sales

Nvidia Corp forecast Q1 revenue that beat analysts' expectations, driven by its chips sales to cloud computing vendors, despite projecting a $100M hit from the outbreak of coronavirus in China.

Fri, 14 Feb 2020 04:54:42 GMT

EBay increases 2020 share buyback plan

EBay Inc raised its 2020 plan of a share buyback by adding $3.0B more and forecast strong Q1 profit after selling its StubHub ticketing division.

Fri, 14 Feb 2020 04:02:07 GMT

Tesla seeks building new range of Model 3s in China

Tesla is planning to receive approval from China's regulators to start building a new Chinese Model 3 longer range, according to Reuters.

Fri, 14 Feb 2020 03:22:14 GMT

Apple to resume store operations in Beijing

Apple is set to reopen some of its Beijing stores from February 14 with short opening hours, the tech giant announced on its website, after they were shut due to the coronavirus outbreak.

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