News

Note: This section contains information in English only.
Wed, 03 Feb 2021 15:01:44 GMT

Mazda to trim global vehicle production

Mazda Motor is thinking over cutting its global car production by 34K vehicles within February and March amid chip shortage.

Wed, 03 Feb 2021 14:16:31 GMT

Sony lifts outlook in higher demand

Japan's Sony has lifted its full-year profit forecast by one-third due to robust demand for its entertainment products and content, driven by the coronavirus-related global lockdowns.

Wed, 03 Feb 2021 12:56:06 GMT

Ant Group plans restructuring

Ant Group is planning a restructuring after reaching an agreement on the plan with China's regulators, in a move that will turn the fintech giant into the financial holding group, according to Bloomberg News.

Wed, 03 Feb 2021 11:44:19 GMT

Amazon breaks high level

During Tuesday's US trading, as Amazon announced earnings, the stock price of the company broke past a three month high level, which kept the price down since the start of November.

Wed, 03 Feb 2021 10:56:58 GMT

Mazda cuts production output

On Wednesday, Mazda announced that it would decrease its vehicle output by 34,000 in February and March.

Wed, 03 Feb 2021 10:01:15 GMT

Tencent blacklists 37 firms over bribery

On Wednesday, Tencent Holdings blacklisted 37 companies from its future contracts and fired over 100 employees over bribery and embezzlement incidents.

Wed, 03 Feb 2021 08:45:58 GMT

Lenovo Q3 results top estimates

China's Lenovo Group posted record revenue and profit in its Q3 on Wednesday, driven by strong demand for its devices during the coronavirus-related lockdown that prompted people to work remotely.

Wed, 03 Feb 2021 06:18:01 GMT

GameStop shares decline

On Tuesday, shares of GameStop edged lower, as buying spree led by retailer investors diminished.

Wed, 03 Feb 2021 05:04:38 GMT

Amazon agrees to pay $61.7M in settlement

According to the US Federal Trade Commission, Amazon.com has agreed to pay over $61.7M in settlement to Amazon Flex drivers.

Wed, 03 Feb 2021 04:02:02 GMT

US stock indexes edge higher

On Tuesday, Wall Street's main indexes edged higher. Shares of Amazon.com rose by 1.6%, while the NYSE FANG+TM index climbed by 1%.

Wed, 03 Feb 2021 02:34:54 GMT

US Dollar hits two-month high

On Tuesday, the US Dollar surged to a two-month high against the common European currency. The dollar index grew by 0.27% despite further gains for global equities.

Tue, 02 Feb 2021 20:54:59 GMT

S. Korea consumer prices rise

Consumer prices in South Korea increased 0.6% in January, compared to the same period the previous year, data published by the Statistics Korea show.

Tue, 02 Feb 2021 20:32:43 GMT

Kraft Heinz in discussion to sell Planters

Kraft Heinz is in discussion to sell Planters snack business to Hormel Foods Corp for around $3B, a report published by the Wall Street Journal shows.

Tue, 02 Feb 2021 19:33:26 GMT

Philippine Airlines to cut 2,300 employees amid pandemic

The Philippine Airlines plans to cut 2,300 employees in spring amid the ongoing pandemic, a statement published by the company shows.

Tue, 02 Feb 2021 18:22:23 GMT

UK house prices decline

UK house prices declined for the first time in seven months in January, data published by the Nationwide Building Society show.

Tue, 02 Feb 2021 17:34:15 GMT

German KfW reports business increase

The German development bank KfW increased its promotional business to $162.9B in 2020 to help mitigate economic effects of the COVID-19 pandemic.

Tue, 02 Feb 2021 16:32:22 GMT

Pfizer expects $15B revenue from COVID-19 vaccine

Pfizer plans to generate $15B in revenue from sales of its COVID-19 vaccine developed together with the German partner BioNTech.

Tue, 02 Feb 2021 14:41:28 GMT

Panasonic sees profitability in Tesla business

On Tuesday, Panasonic stated it forecast profitability of its battery supplier to Tesla this fiscal year, adding it had raised the full-year operating profit outlook by over half.

Tue, 02 Feb 2021 14:10:38 GMT

Pfizer expects around $15B sales in 2021

On Tuesday, Pfizer forecasts its sales at about $15B from the COVID-19 vaccine that the US pharmaceutical corporation is developing along with Germany's BioNTech.

Tue, 02 Feb 2021 12:49:19 GMT

Tesla plans nearly 135 US car recalls

On Tuesday, Tesla said it had agreed to recall as many as 134,951 Model X and Model S cars in the United States due to potential failure of touchscreen displays.

Tue, 02 Feb 2021 12:33:59 GMT

Alibaba tops quarterly revenue forecasts

On Tuesday, Alibaba Group Holding topped Wall Street's forecasts for its Q3 revenue, driven by online shopping switch that helped the Chinese giant's e-commerce business to benefit.

Tue, 02 Feb 2021 09:29:25 GMT

Ford, Google tie up over data cloud services

Ford Motor will team up with Alphabet's Google over a new cloud-based consumer services development and internal operations modernisation, both companies confirmed earlier this week.

Tue, 02 Feb 2021 09:18:52 GMT

Google to stop internal game development for Stadia

Alphabet's Google is set to shut down the internal Stadia game development, a move that makes the cloud-based service for game streaming entirely dependent on other publishers and game developers' titles.

Tue, 02 Feb 2021 07:55:35 GMT

BP profit drops on weaker demand

BP's profit tumbled to $115M in the Q4, missing analysts' estimates, plummeted by weaker energy demand amid the COVID-19 pandemic as well as weak trading results.

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