News

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Fri, 17 Jul 2020 15:24:50 GMT

Oil prices balance on stimulus expectations

On Friday, during the early US trading hours, the prices of Brent and WTI futures remained stable on hopes of economic stimulus programs, despite the surge in the US coronavirus cases.

Fri, 17 Jul 2020 13:57:23 GMT

BoE's Bailey views UK economy recovering

Andrew Beiley, the Governor of Bank of England, stated on Friday that the British economy had started to recover from the coronavirus lockdown, but added that some sectors remained weak with the longer-term outlook unclear.

Fri, 17 Jul 2020 13:34:30 GMT

EU watchdogs halt LSE-Refinitiv probe

The EU antitrust regulators temporarily suspended the inquiry into the LSE's $27B bid for Refinitiv, the data and analytics firm, as they await the requested data from the companies.

Fri, 17 Jul 2020 12:04:57 GMT

HSBC's global equities head set to leave

HSBC's global equities boss Hossein Zaimi is set to leave the lender, in the latest restructuring of the bank's investment banking operations, sources reported on Friday.

Fri, 17 Jul 2020 10:51:27 GMT

BlackRock quarterly profit rises 21%

On Friday, the world's biggest asset manager BlackRock posted a 21% surge in its quarterly profit on investors putting money into the cash management service and fixed-income funds.

Fri, 17 Jul 2020 10:37:17 GMT

New York plans $750M investment for EV expansion

New York's Governor Andrew Cuomo announced it would invest $750M in the electric vehicle infrastructure expansion, including building charging stations, as the state seeks to reduce emissions.

Fri, 17 Jul 2020 09:31:40 GMT

Twitter postpones new API software launch

Twitter will delay the roll-out of a new API software after the company has recently experienced a cyber-attack on several high-profile accounts.

Fri, 17 Jul 2020 08:24:10 GMT

Microsoft cuts jobs amid new fiscal year

Microsoft Corp has cut its workforce across the globe as the software giant entered its new fiscal year starting from July 1, with Business Insider reporting earlier that the company trimmed under 1K jobs across the business this week.

Fri, 17 Jul 2020 06:45:33 GMT

Hackers target 130 Twitter accounts this week

Hackers targeted around 130 Twitter accounts intros week's cyber attacks, during which the profiles of prominent organisations and personalities were compromised, Twitter stated late on Thursday.

Fri, 17 Jul 2020 05:43:09 GMT

VW sees slight growth in China's premium auto segment

The German carmaker Volkswagen AG forecasts a mild growth in the Chinese premium auto segment in 2020 despite a decline in the broader market sales, VW's senior executive said.

Fri, 17 Jul 2020 05:15:50 GMT

Netflix appoints content chief as co-CEO

Netflix appointed Ted Sarandos, its content chief, as a co-Chief Executive Officer, making him a successor to Reed Hastings, the streaming video service reported.

Fri, 17 Jul 2020 02:01:09 GMT

BA retires fleet

On Thursday, the British Airwayys announced that it would scrap its fleet of Boeing jumbo jets.

Thu, 16 Jul 2020 19:41:48 GMT

American, JetBlue tie up to bolster NY recovery

On Thursday, American Airlines and JetBlue Airways announced they would form a strategic partnership, seeking to bolster flying options in Boston and New York and build a "growth engine" to help recover from the coronavirus pandemic.

Thu, 16 Jul 2020 18:41:52 GMT

BoA profit drops on potential heavy loan losses

Bank of America's profit more than halved in Q2 as the bank set aside $5B for covering potential loan losses, warning it would struggle while interest rates remained low.

Thu, 16 Jul 2020 18:00:35 GMT

Instagram to launch shopping features in US

On Thursday, Instagram has launched its new shopping feature for app's users in the US to browse and purchase products from creators and brands without a necessity to leave the platform.

Thu, 16 Jul 2020 17:21:53 GMT

Chipotle to search for new workforce

As the drive-through services have proven to be more financially lucrative than the dine-in restaurants, Chipotle is planning to hire 10K employees and build new drive-through lanes.

Thu, 16 Jul 2020 16:02:17 GMT

Ebay to sell $10B ads unit

The US e-commerce corporation is planning to hold a meeting on Friday to sort-out a buyer for their classified advertisement business, expected price up to $10B.

Thu, 16 Jul 2020 15:23:11 GMT

Twitter suffers a hacker attack

The share price of Twitter Inc declined 3% in early Thursday on news of the US social networking service's internal systems hack.

Thu, 16 Jul 2020 13:42:28 GMT

Morgan Stanley profit soars 45%

Morgan Stanley reported a better-than-anticipated rise in its quarterly profit, boosted by robust trading gains triggered by the coronavirus outbreak that had driven record swings in the world's financial markets.

Thu, 16 Jul 2020 13:03:08 GMT

J&J lifts forecast profit results

On Thursday, Johnson & Johnson raised its annual profit outlook and topped analysts' expectations for its quarterly earnings due to strength in J&J's pharmaceuticals unit that covered a deep fall in its medical devices' sales.

Thu, 16 Jul 2020 11:39:23 GMT

Oil giants set their joint carbon target

World's top oil firms, such as Saudi Aramco, Exxon Mobil and China's CNPC, have set targets to trim their joint greenhouse gas emissions for the first time due to rising pressure on the climate stance in the sector.

Thu, 16 Jul 2020 09:41:16 GMT

China to take 'necessary' measures over UK's Huawei ban

China has vowed "necessary measures" in response to the UK's "discriminatory" ban imposed on Huawei Technologies, as it severely damaged the country's investment confidence, according to China's Commerce Ministry.

Thu, 16 Jul 2020 09:30:47 GMT

GVC's CEO to step down on Thursday

GVC Holdings announced on Thursday its long-time CEO Kenny Alexander will depart after 13 years being at this role and building the group into world's top largest gambling businesses.

Thu, 16 Jul 2020 07:57:00 GMT

German online fashion retailer Zalando raises full year guidance

On Wednesday, Zalando, the German online retailer, has raised its full-year earnings guidance, as the COVID-19 pandemic encourages more people to do shopping online.

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