News

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Thu, 18 Jul 2019 11:28:27 GMT

Renault's Senard wants Nissan to embrace alliance

Jean-Dominique Senard, Renault's Chairman stated on Thursday he would expect the alliance partner Nissan's new board embrace their partnership amid struggles of turning the page about Carlos Ghosn's scandal.

Thu, 18 Jul 2019 09:51:45 GMT

Philippines revises Forex targets

On Thursday, the Philippines Department of Budget announced its 2019 and 2020 exchange rate targets. Namely, in 2019 51-53 Pesos to USD and in 2020 51-55 Pesos to USD.

Thu, 18 Jul 2019 09:36:19 GMT

Britain's easyJet picks Ryanair's COO

On Thursday, Britain's easyJet announced it had hired Peter Bellew from Ryanair as the carrier's new Chief Operating Officer, sending company's shares up 3.2% on the news.

Thu, 18 Jul 2019 08:30:55 GMT

UK easyJet's Q3 trading in line with expectations

On Thursday, Britain's easyJet reported its Q3 trading came out in line with the forecast, driven by rising demand for its optional extra services, while the company's revenue soared by 11.4% to £1.8B, boosted by more bookings and price optimisation.

Thu, 18 Jul 2019 06:51:16 GMT

Sweden's AB Volvo tops estimates

Sweden's AB Volvo reported on Thursday its operating profit surged to $1.62B, beating analysts' expectations, and announced a strategic partnership with Samsung, as it seeks to make battery packs for the company's electric trucks.

Thu, 18 Jul 2019 06:22:57 GMT

Japan's Takeda launches drugs portfolio sale

Japan's Takeda Pharmaceutical has turned to potential bidders for its drugs portfolio for sale in the Western Europe, seeking to cut its debt after acquiring Shire in the $59B deal.

Thu, 18 Jul 2019 04:50:38 GMT

EBay's EPS, revenue above estimates

EBay beat Wall Street's estimates for the quarter, as it earned $0.68 per share, compared with $0.62 forecast, while revenue grew almost 2% to $2.69B, as the company managed to attract more customers and expanded its payments and advertising businesses.

Thu, 18 Jul 2019 03:53:00 GMT

Drone market to reach $14B next decade

The global non-military drone market, dominated by Chinese manufacturers, is expected to triple in size to $14.3B in sales in the next decade, the report said, even as the US officials warned of risks to national security.

Thu, 18 Jul 2019 02:35:12 GMT

Australian unemployment rate remained at 5.2%

Australia's full-time employment increased in June, though the unemployment rate stuck at 5.2%, while more people searched for a job, suggesting spare capacity, which argues for bigger policy stimulus.

Wed, 17 Jul 2019 20:35:52 GMT

Netflix shares tumble amid poor data

On Wednesday, Netflix Inc shares fell by nearly 10% as the company added only 2.7M paid subscribers in Q2 in contrast to expected 5.05M.

Wed, 17 Jul 2019 19:36:46 GMT

Oil prices down 1.5% amid US data

Crude oil prices fell 1.5% or 84 cents on Wednesday, reaching $56.78 a barrel, as the US crude stockpiles decreased 3.1M barrels last week.

Wed, 17 Jul 2019 16:50:08 GMT

Volvo, FCA, Nissan lead EU sales decline

Europe's car sales declined 7.9% to 1.49M cars in June, compared with 1.62M a year earlier, led by increased declines for Volvo, Fiat Chrysler and Nissan, industry data revealed.

Wed, 17 Jul 2019 15:45:43 GMT

AT&T, Microsoft sign more than $2B worth cloud deal

Microsoft and AT&T announced that they reached a more than $2B worth deal, where the telecommunications company is set to tap Microsoft's Azure service for computing needs and provide Office 365 to much of its 268K of workforce.

Wed, 17 Jul 2019 15:06:59 GMT

IMF: Russia's GDP growth to be at 1.2%

The International Monetary Fund lowered its expectations for Russian economic growth this year from 1.4% to 1.2% after the weak Q1, suggesting that broader reforms would be necessary for stronger increase.

Wed, 17 Jul 2019 14:19:03 GMT

Euro Zone inflation is revised

On Wednesday, Euro Zone's statisticians published a review of the zone's inflation. Year on year inflation was revised up to 1.3%.

Wed, 17 Jul 2019 12:40:43 GMT

Turkish economy is expected to contract

On Wednesday, the results of a Reuters Poll revealed that a majority of global economists expect the Turkish economy to contract in 2019.

Wed, 17 Jul 2019 12:01:16 GMT

US targets Huawei

The US Senate and the House of Representatives put forward bills that would upkeep tight restrictions on China's Huawei Technologies.

Wed, 17 Jul 2019 11:02:56 GMT

Kuroda comments on economy

On Wednesday, the Governor of Bank of Japan Haruhiko Kuroda announced that he expects economic global growth and that the BoJ will keep policy steady.

Wed, 17 Jul 2019 09:50:44 GMT

Ericsson shares fall seven percent

Despite announcing earnings in line with forecasts, on Wednesday Ericsson announced that future cost increases might decrease the company's profit margins. The announcement caused a seven percent drop of Ericsson stock price.

Wed, 17 Jul 2019 08:40:31 GMT

Euro reaches weekly low level

On Wednesday, the common European currency reached a weekly low level. The drop was caused by expectations of monetary easing in the Euro Zone.

Wed, 17 Jul 2019 08:34:06 GMT

Bank of England comments on QE

On Wednesday, the Bank of England announced that most likely its balance sheet will decrease only by half once quantitative easing is reversed.

Wed, 17 Jul 2019 05:00:37 GMT

Japan and US eye small trade agreement

According to sources with knowledge of the discussions, Japan and the United States are negotiating on a trade agreement involving autos and agriculture.

Wed, 17 Jul 2019 04:01:59 GMT

Amazon reaches deal with Germany's anti-trust authority

The German Federal Cartel Office announced on Wednesday that Amazon has agreed to overhaul its Business Services Agreement that applies to merchants using the company's platform.

Wed, 17 Jul 2019 03:17:11 GMT

Hackers steal millions of Bulgarians taxpayer's financial data

The Bulgarian Finance Minister Vladislav Goranov said on Tuesday that hackers had stolen millions of Bulgarians taxpayer's financial data at the country's National Revenue Agency.

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