News

Note: This section contains information in English only.
Fri, 29 Jan 2021 13:35:09 GMT

E-Trade platform experiences outages

Morgan Stanley's E-Trade platform was hit by an outage late on Thursday, joining several trading websites, including Robinhood, which were experiencing technical issues after the GameStop-linked stock market frenzy.

Fri, 29 Jan 2021 11:48:53 GMT

Huawei phone deliveries drop in Q4

China's smartphone shipments dropped as much as 4% in the Q4, as deliveries at Huawei Technologies tumbled amid US sanctions imposed against the Chinese company's component and chip suppliers.

Fri, 29 Jan 2021 10:59:49 GMT

Bitcoin surges due to Elon Musk

On Friday, the price for Bitcoin surged almost 14%, as the CEO of Tesla Elon Musk tagged it in his online Twitter biography.

Fri, 29 Jan 2021 09:53:44 GMT

SEC scrutiny postpones Roblox listing

Roblox Corp has delayed its plans for a public listing due to the US SEC scrutiny over how the company recognises its finances revenue, Reuters reported on Thursday.

Fri, 29 Jan 2021 09:35:10 GMT

LSE completes Refinitiv deal

On Friday, London Stock Exchange announced it had finalised its $27B deal to acquire data provider Refinitiv.

Fri, 29 Jan 2021 08:01:01 GMT

Geely, Foxconn to build EVs for Faraday Future

On Friday, the Chinese group Zhejiang Geely Holding stated it entered talks with Foxconn on providing contract manufacturing services to Faraday Future, the electric vehicle maker.

Fri, 29 Jan 2021 06:45:41 GMT

Walmart to expand ads business

Walmart is planning to expand the advertising business at US stores in a big push to challenge its rival Amazon.com, the world's biggest retailer said.

Fri, 29 Jan 2021 05:42:07 GMT

GM to end gas-powered cars by 2035

General Motors has set a target to sell its new vehicles, light pickup trucks and SUVs with zero emissions by 2035, making a dramatic announcement for the US biggest automaker to shift away from diesel and gasoline engines.

Fri, 29 Jan 2021 04:55:49 GMT

Daimler's operating profit tops estimates

Daimler reported that solid Q4 results helped the carmaker post 2020 operating profit above expectations and make an optimistic forecast for 2021.

Fri, 29 Jan 2021 03:49:13 GMT

Visa quarterly profit tops forecasts

Visa reported a better-than-expected quarterly profit, boosted by a rise in online spending that drove the payment volumes recovery from the coronavirus-caused slump.

Thu, 28 Jan 2021 23:31:16 GMT

US oil industry plans alliance with Farm Belt

The US oil industry is planning to form an unusual alliance with biofuel producers and corn growers to fight Biden Administration's electric vehicle agenda, Reuters reported.

Thu, 28 Jan 2021 21:33:13 GMT

UK regulator launches probe into Giphy deal

On Thursday, the British competition watchdog has begun its initial inquiry into Facebook's completed takeover of Giphy, the GIF website, as the social media giant is under regulatory scrutiny regarding antitrust concerns.

Thu, 28 Jan 2021 20:21:26 GMT

Qualtrics valued at more than $15B in IPO

SAP-owned survey-software seller Qualtrics International raised around $1.55B in its public listing and was valued at more than $15B, according to Reuters.

Thu, 28 Jan 2021 19:05:07 GMT

Apple's iPhone deliveries hit record high

On Thursday, Apple's iPhone shipments in the Q4 soared 22%, hitting a record-high level, making the US company the world's largest seller.

Thu, 28 Jan 2021 18:08:13 GMT

German inflation rises

German consumer prices increased 1.6% in January, compared to the same period the previous year, after falling 0.7% in December, the Federal Statistics Office reports.

Thu, 28 Jan 2021 17:18:25 GMT

American Airlines shares rise

Shares of American Airlines increased more than 20% after the company reported lower than expected quarterly loss and was mentioned on Reddit as the potential short squeeze target.

Thu, 28 Jan 2021 16:13:59 GMT

US new home sales rise

New home sales in the US increased 1.6% in December to an annual rate of 842T units, data published by the Commerce Department show.

Thu, 28 Jan 2021 15:35:26 GMT

Aramco to sell more shares

On Thursday, the Saudi Arabian Crown Prince Mohammed bin Salman announced that Saudi Aramco was set to launch more share sales on the back of its plans to boost the country's key sovereign wealth fund.

Thu, 28 Jan 2021 14:30:35 GMT

American Airlines stock jumps

At the start of Thursday's US trading, American Airlines Group's shares skyrocketed 22.80%, despite the carrier's record annual loss of $8.9B, caused by lockdowns and travel restrictions amid the pandemic.

Thu, 28 Jan 2021 13:31:01 GMT

McDonald's earnings below forecasts

On Thursday, McDonald's disappointed Wall Street by reporting its quarterly revenue and profit below expectations, as a new wave of lockdowns across Europe hurt the company's business and affected its sales growth in the US market.

Thu, 28 Jan 2021 12:05:59 GMT

Faraday Future plans public listing via $3.4B SPAC deal

The electric carmaker Faraday Future is planning to go public via a merger deal with the blank-check company SPAC worth $3.4B, according to Reuters report.

Thu, 28 Jan 2021 11:14:22 GMT

European stock indices decline

On Thursday, European stock indices declined, as a sell off was attributed to large market participants selling of indices to cover this week's GME and AMC short losses.

Thu, 28 Jan 2021 10:01:23 GMT

Apple tops revenue estimates

Apple reported its Q4 revenue topped Wall Street's expectations with a 21% surge to $111.44B, driven by new 5G iPhones that sparked a 57% jump in China sales.

Thu, 28 Jan 2021 08:59:42 GMT

Toyota overtakes VW in car sales in 2020

Japan's Toyota Motor beat Germany's Volkswagen in the 2020 auto sales to become the world's number one car seller, with its global sales falling 11.3% to 9.528M vehicles, compared to VW's 15.2% drop to 9.305M cars.

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