News

Fri, 19 Mar 2021 11:49:06 GMT

Geely targets Tesla's market

Reuters revealed on Friday that the Chinese auto producer Geely would introduce high-end electric vehicles and take on Tesla's market.

Fri, 19 Mar 2021 10:43:51 GMT

Oil extends losses

On Friday, the price benchmarks for crude oil extended their retracement down into a sixth trading session in row.

Fri, 19 Mar 2021 09:47:51 GMT

Asian stocks decline

During Friday's Asian trading hours, stock indices declined. The decline was attributed to rising bond yields.

Fri, 19 Mar 2021 08:41:07 GMT

Bank of Japan prolongs easing

On Friday, the Bank of Japan revealed that it would make its ultra-easy monetary policy more sustainable by allowing the widening of long-term interest rates.

Fri, 19 Mar 2021 07:50:15 GMT

Fed's Powell to speak Monday

Jerome Powell, the Federal Reserve Chair, is set to give a speech on Monday at the BIS conference over digital age innovation, according to the US central bank' statement made on Thursday.

Fri, 19 Mar 2021 06:31:20 GMT

SpaceX, NASA sign deal to boost safety

NASA and Elon Musk's SpaceX have signed an agreement to enhance space safety by avoiding collisions between NASA's spacecraft and SpaceX's big constellation of satellites.

Fri, 19 Mar 2021 05:49:04 GMT

FedEx profit surges on delivery demand

The US delivery company FedEx reported its quarterly profit surged to $939M from $371M last year on rising prices and higher demand driven by the pandemic-caused home e-commerce deliveries.

Fri, 19 Mar 2021 04:45:11 GMT

Asda's CEO to resign

Asda's CEO Roger Burnley is planning to step down from his role weeks after the UK supermarket chain was acquired in the £6.8B deal, according to Sky News.

Fri, 19 Mar 2021 03:51:51 GMT

US safety agency to investigate Tesla crashes

The US car safety agency has launched as many as 25 inquiries into Tesla vehicle crashes, including three accidents in recent weeks, Reuters reported.

Thu, 18 Mar 2021 21:56:32 GMT

Nike falls short of estimates for Q3 revenue

On Thursday, Nike missed Wall Street's expectations for its Q3 revenue due to the company's stores closure caused by the pandemic, sending shares down 4% in the extended trading.

Thu, 18 Mar 2021 20:41:16 GMT

Diageo to boost ready-to-drink beverage output

Spirits group Diageo is set to spend $80M on two can-filling lines installation at its new Illinois plant, seeking to bolster the fast-growing ready-to-drink beverages production.

Thu, 18 Mar 2021 20:12:22 GMT

EPA's climate change page restored to website

The US Environmental Protection Agency has restored on Thursday the climate change information page to the EPA public website, following its removal made by the Trump Administration amid the old strategy.

Thu, 18 Mar 2021 18:58:37 GMT

AstraZeneca vaccine declared safe

On Thursday, the EMA head Emer Cooke said that AstraZeneca's COVID-19 vaccine was "safe and effective" following safety investigations made earlier that month.

Thu, 18 Mar 2021 18:11:51 GMT

Malaysian economy to recover in 2021

The Malaysian economy is expected to expand 6.5% in 2021 and inflation is projected to reach 2%, data published by the International Monetary Fund show.

Thu, 18 Mar 2021 16:53:54 GMT

Air China to purchase 18 Airbus planes

The Chinese flag carrier Air China plans to purchase 18 A320neo planes produced by the global aircraft manufacturer Airbus, the company reports.

Thu, 18 Mar 2021 16:29:46 GMT

Google to invest $7B in offices, data centers

Google plans to invest $7B in offices and data centers in the US in 2021, a decline from $10B in 2020, and create around 10,000 full-time jobs, a statement published by the company shows.

Thu, 18 Mar 2021 14:41:34 GMT

Dollar General sees sales drop

Dollar General is expecting larger-than-anticipated annual profit and sales due to the roll-out of the COVID-19 vaccines, after the pandemic-fuelled rush for groceries.

Thu, 18 Mar 2021 14:15:32 GMT

Goldman Sachs cuts China WGBI weighting estimates

On Thursday, Goldman Sachs stated it was expecting FTSE Russell to include the Chinese sovereign debt in the WGBI from Oct. 2021, but with a lower weighting of 5.1% than initially forecast.

Thu, 18 Mar 2021 13:06:10 GMT

Danone's new head to follow group's strategy

Gilles Schnepp, Danone's new chairman, is planning to stick to the group's strategy, implementing the "Local First" plan, according to the French daily Le Figaro's report published on Thursday.

Thu, 18 Mar 2021 12:12:54 GMT

Google to make investment in US offices, data centres

On Thursday, Alphabet's Google announced it plans of a more than $7.0B investment in US offices and data centres amid a rise in internet traffic on the back of the pandemic-related lockdowns.

Thu, 18 Mar 2021 11:19:37 GMT

EUR/USD Jumps due to the FED

On Wednesday, at 18:00 GMT, the EUR/USD surged, as the US Federal Reserve Federal Open Market Committee issued a monetary policy statement. The currency exchange rate surged 73 pips or 0.61% in the span of 40 minutes following the release.

Thu, 18 Mar 2021 09:41:59 GMT

Nokia expects growth in operating margin in 2023

Nokia, Finland's telecom equipment maker, is expecting the comparable operating margin rising to 10-13% in 2023 with the help of its detailed plan to reset the business, the company stated on Thursday.

Thu, 18 Mar 2021 08:37:05 GMT

TikTok explores launching group chat tool

TikTok, the video-sharing platform, is considering to launch a group chat feature in 2021, raising competition among the Chinese-owned app and its social media rivals, including Facebook.

Thu, 18 Mar 2021 07:36:59 GMT

AerCap-GECAS deal to cut jet market competition

Aircraft leasing group AerCap's acquisition deal with its rival GECAS might hurt the aircraft market competition, IATA's head warned on Wednesday.

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