News

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Wed, 03 Feb 2021 20:45:52 GMT

Daimler plans new listing

Daimler announced on Wednesday that the company would evaluate a separate stock for Daimler Truck.

Wed, 03 Feb 2021 19:45:35 GMT

Amazon stock trades flat

On Wednesday, the gains in the stock price of Amazon were muted by the announcement of the CEO Jeff Bezos moving on to the position of the Chairman.

Wed, 03 Feb 2021 18:42:58 GMT

US services sector recovers

Data published by the Institute of Supply Management on Wednesday revealed that the US services sector activity had reached a two-year high level.

Wed, 03 Feb 2021 17:42:10 GMT

US Dollar consolidates

On Wednesday, the surge of the US Dollar paused, as the US Dollar Index appeared to have encountered resistance at 91.30.

Wed, 03 Feb 2021 17:10:01 GMT

Oil prices reach high level

During Wednesday's US trading hours, crude oil prices reached a one year high level, as OPEC+ revealed that it expects a deficit in the oil markets in 2021.

Wed, 03 Feb 2021 15:54:50 GMT

Alphabet stock jumps

As Alphabet announced their quarterly earnings, the stock price of the company started Wednesday's trading with a 7.74% gap up.

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.

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