News

Mon, 01 Mar 2021 12:30:52 GMT

SoftBank's internet unit plans tech investment

On Monday, Z Holdings, SoftBank's internet subsidiary, revealed its plans to invest $4.7B in technology during the following five years, seeking to resist bigger overseas rivals' onslaught.

Mon, 01 Mar 2021 10:41:02 GMT

Crude oil prices surge

During Monday's European trading hours, crude oil prices surged, as the US passed a new stimulus package, which was expected to boost demand.

Mon, 01 Mar 2021 09:44:52 GMT

Danone plans Chinese asset sale

Danone is planning to sell its stake in China's dairy partner amid facing pressure from its shareholders to boost the French food group's performance and governance.

Mon, 01 Mar 2021 09:13:30 GMT

Porsche joins EV maker Rimac's fundraising

Volkswagen's unit Porsche has joined to a fundraising of the electric supercar maker Rimac Automobili, which expects to attract $157M-$181M, the carmaker's owner Mate Rimac said.

Mon, 01 Mar 2021 07:58:49 GMT

Logitech sees drop in FY 2022

On Monday, Logitech International warned its operating income for the 2022 fiscal year is likely to slide following the 2021 boom caused by demand for its keyboards and mice for remote work and leisure during the pandemic.

Mon, 01 Mar 2021 07:37:20 GMT

AstraZeneca sells Moderna stake

AstraZeneca sold its 7.7% Moderna stake for over $1B after shares of the US biotechnology firm surged due to its COVID-19 vaccine breakthrough, according to The Times report.

Mon, 01 Mar 2021 06:05:53 GMT

Australian home prices surge

According to data from the Australian and New Zealand Banking Group, Australia's home prices skyrocketed at the fastest pace in almost 20 years in February.

Mon, 01 Mar 2021 04:54:59 GMT

Asian shares edge higher

On Monday, Asian shares edged higher. MSCI's broadest index of Asia-Pacific shares outside Japan surged by 0.80%, Japan's Nikkei edged up by 2.1%, while Chinese blue chips added 0.5%.

Mon, 01 Mar 2021 04:01:37 GMT

China's factory activity increases in February

According to data from the National Bureau of Statistics, the Chinese manufacturing activity increased in February.

Mon, 01 Mar 2021 02:29:00 GMT

Sunak comments on public finances

On Sunday, Rishi Sunak, Britain's Chancellor of the Exchequer, said that the public finances problem cannot be fixed overnight.

Sun, 28 Feb 2021 21:27:42 GMT

S. Korea central bank expects economic growth in 2021

The economy of South Korea is expected to expand 3% in 2021 from the previous year, a report published by the central bank of South Korea shows.

Sun, 28 Feb 2021 20:34:06 GMT

S. Korea retail sales rise

Retail sales in South Korea increased 6.1% in January, compared to the same period the previous year, the Ministry of Trade, Industry and Energy reports.

Sun, 28 Feb 2021 19:01:19 GMT

Aramco seeks extension on $10B loan

Saudi Aramco, a Saudi Arabian public petroleum and natural gas company, asked partners to extend a $10B loan the company raised last May, despite rebounding crude prices.

Sun, 28 Feb 2021 18:01:04 GMT

Philippines gets first shipment of COVID vaccine

On Sunday, the Philippines President Rodrigo Duterte received the initial 600,000 doses of Sinovac Biotech's coronavirus vaccine, donated by the Chinese government.

Sun, 28 Feb 2021 16:58:15 GMT

Saudi columnists warn Biden's administration

On Sunday, Saudi columnists warned the Biden administration not to bully Saudi Arabia, as many Saudis flooded Twitter to support Crown Prince Mohammed bin Salman.

Sun, 28 Feb 2021 16:03:49 GMT

Biden to make announcement on Saudi Arabia

The Biden administration will make an announcement regarding relations with Saudi on March 1, the US President Joe Biden stated on Saturday.

Sun, 28 Feb 2021 14:56:49 GMT

UK car production declines

The car production in the UK dropped 27.3% in January 2021, compared to the same period in 2020, the British Society of Motor Manufacturers and Traders reports.

Sun, 28 Feb 2021 13:59:55 GMT

Germany employment agency spends $73.9B in 2020

The German Federal Employment Agency spent a record $73.9B in 2020 to cushion the impact of the pandemic, data published by the agency show.

Sun, 28 Feb 2021 12:54:01 GMT

Slovenia economy contracts

The economy of Slovenia contracted 5.5% in 2020, compared to the previous year, a report published by the national Statistics Office shows.

Sun, 28 Feb 2021 12:00:17 GMT

US consumer confidence drops

US consumer sentiment declined in February as few consumers anticipate widespread and persistent economic growth, data published by the University of Michigan show.

Sun, 28 Feb 2021 11:01:32 GMT

Italy services sector contracts

The service sector in Italy contracted 12.1% in 2020, the biggest contraction on record, a report published by the National Statistics Institute shows.

Sun, 28 Feb 2021 10:02:34 GMT

Brazil reports highest unemployment since 2012

The unemployment in Brazil increased to 13.5% in 2020, the highest level since 2012, data published by the Brazilian Institute of Geography and Statistics show.

Sun, 28 Feb 2021 09:22:01 GMT

UK to provide grants to pandemic hit businesses

The government plans to provide $7B of additional grants to support businesses hit by pandemic lockdowns, the British finance minister Rishi Sunak says.

Sun, 28 Feb 2021 07:59:20 GMT

China logistics sector expands in 2020

The logistics sector in China expanded 3.5% in 2020, compared to the previous year, data published by the China Federation of Logistics and Purchasing show. 

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