News

Note: This section contains information in English only.
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.

Thu, 13 Feb 2020 20:44:20 GMT

Argentine bonds decline

On Thursday, the Argentine bond prices fell to an average 2% after the country's Economy Minister Martin Guzman told Congress that debt load was unsustainable and restructuring was on the process.

Thu, 13 Feb 2020 19:51:27 GMT

Javid resigns as UK's Finance Minister

Sajid Javid, the UK Finance Minister, announced on Thursday that he had resigned from his position due to Prime Minister Boris Johnson's demands to fire his political advisers.

Thu, 13 Feb 2020 18:42:31 GMT

Global equity markets decline on Thursday

On Thursday, the US Dollar surged to more than two-year highs against the Euro, and the global stock markets edged lower, as concerns about the coronavirus unnerved investors and traders.

Thu, 13 Feb 2020 17:45:29 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, Reuters reported on Thursday.

Thu, 13 Feb 2020 16:43:01 GMT

Alibaba tops forecasts on Singles' Day sales

On Thursday, Alibaba Group Holding beat analysts' expectations for its quarterly results, boosted by its record-high sales during the company's annual shopping blitz called "Singles' Day", as well as rising demand for the cloud computing business.

Thu, 13 Feb 2020 16:04:06 GMT

Apple to resume some 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.

Thu, 13 Feb 2020 15:38:48 GMT

Barclays' Staley probed over Epstein ties

UK's financial watchdog has launched an inquiry into historical ties between Barclays CEO Jes Staley and Jeffrey Epstein, the US financier, who had killed himself before the sex trafficking charges trial, the bank stated on Thursday.

Thu, 13 Feb 2020 14:21:09 GMT

US jobless claims rise slightly last week

The number of filings for US unemployment benefits rose 2K to a seasonally adjusted 205K in the week ended February 8, missing analysts' estimates, according to the Labor Department report seen on Thursday.

Thu, 13 Feb 2020 12:44:04 GMT

British Domino's plans Norway business sale

Domino's Pizza Group, the UK's largest pizza delivery company, is planning a sale of its entire 71% stake in the Norwegian business to the existing minority shareholders.

Thu, 13 Feb 2020 11:49:16 GMT

Nissan cuts profit outlook due to sales slump

On Thursday, Nissan Motor Co slashed its annual operating profit outlook by 43%, hit by a drop in car sales and a scandal involving Carlos Ghosn.

Thu, 13 Feb 2020 10:37:01 GMT

Google completes Looker buyout deal

On Thursday, Alphabet's Google announced it had completed its $2.6B buyout of Looker Data Sciences, the privately-held big-data analytics company, after receiving approval from UK's competition watchdog.

Thu, 13 Feb 2020 09:37:36 GMT

Cisco results slightly beat estimates

Cisco Systems' revenue grew 9% to $748M in the Q2, slightly above estimates, as growth in the company's cyber-security unit offset weakness in routers and switches business.

Thu, 13 Feb 2020 08:30:18 GMT

MWC in Barcelona cancelled amid coronavirus

The Mobile World Congress, the annual telecoms industry meeting, which lures over 100K visitors to Barcelona, was called off this Wednesday, following a mass exodus by MWC's exhibitors over the coronavirus fears.

Thu, 13 Feb 2020 07:37:25 GMT

Credit Suisse reports best profit in decade

On Thursday, Credit Suisse reported a 69% surge in its annual net profit, the best reading since 2010, in a swan song for the outgoing CEO Tidjane Thiam.

Thu, 13 Feb 2020 05:04:20 GMT

EZ industrial production falls more than expected

Euro zone's manufacturing production plunged more than anticipated 2.1% month-over-month in December, official estimates revealed.

Wed, 12 Feb 2020 22:13:04 GMT

Heineken expects solid profit growth

Heineken, the second biggest brewer, anticipated that lower aluminium and barley costs are likely to help to increase profits in 2020, when the long-serving CEO will step down.

Wed, 12 Feb 2020 20:45:03 GMT

WhatsApp users reach 2B

Facebook-owned WhatsApp announced that it amassed 2B users, becoming the second-largest social media platform after Facebook to hit that milestone.

Wed, 12 Feb 2020 19:41:23 GMT

Shopify''s shares hit record on strong sales forecast

Canada's e-commerce firm Shopify forecasts full-year revenue of more than $2.13B, above analysts' estimates, and better-than-anticipated quarterly earnings, sending shares to a record high.

Wed, 12 Feb 2020 18:49:52 GMT

Facebook partners with Reuters on fact-checking

Facebook announced that it reached a deal with Reuters, the news agency, aiming to fact-check content published on the platform and on its Instagram app.

Wed, 12 Feb 2020 17:49:59 GMT

Battery Ventures closes funding rounds totalling $2B

Battery Ventures, the venture capital firm focused on tech, raised $2B in two new funds, indicating investors' interest in start-ups in spite of high-profile stumbles, such as WeWork.

Wed, 12 Feb 2020 16:42:50 GMT

Dunelm set too top profit expectations

Dunelm, the UK home furnishings retailer, stated that its full-year pretax profit would exceed market expectations amid online sales growth in the H1, pushing overall sales 6% higher.

Wed, 12 Feb 2020 16:34:31 GMT

France's wine, spirits exports at record high

French spirits and wine exports grew 5.9% in a value to hit a record of €14B last year, as export companies booked sales before the US tariffs and Brexit, the FEVS said.

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