News

Sat, 19 Dec 2020 20:49:34 GMT

Fiat-Chrysler, Peugeot merger to finish in January

Fiat-Chrysler stated on Friday that its merger with Peugeot is projected to be completed already in January.

Sat, 19 Dec 2020 20:10:05 GMT

Amazon to open fulfillment center in Arkansas

Amazon.com, Inc. announced this week its plans to open next year a fulfillment center in the state of Arkansas that would create more than 500 jobs.

Sat, 19 Dec 2020 19:00:48 GMT

China natural gas output rises

Natural gas output in China increased 11.8% to 16.9B cubic meters in November, compared to the same period the prior year, the National Bureau of Statistics reports.

Sat, 19 Dec 2020 18:04:15 GMT

US blacklists Chinese companies

The US blacklisted dozens of Chinese companies, including the chip producer SMIC and the drone manufacturer DJI, a statement published by the US Commerce Department shows.

Sat, 19 Dec 2020 16:48:12 GMT

Nike reports earnings growth

Nike expects better than expected revenue in 2020 amid a surge in online sales, a statement published by the company shows.

Sat, 19 Dec 2020 16:28:30 GMT

Canada retail sales rise

Retail sales in Canada increased 0.4% to $42.7B in October, compared to the prior month, data published by the Statistics Canada show.

Sat, 19 Dec 2020 14:47:00 GMT

China crude oil output rises 1.2%

Crude oil output in China increased 1.2% to 15.96M tonnes in November, data published by the National Bureau of Statistics show.

Sat, 19 Dec 2020 14:35:29 GMT

S.Korean business sentiment worsens

The South Korean business sentiment worsened in November amid an increase in COVID cases, data published by the Bank of Korea show.

Sat, 19 Dec 2020 11:26:35 GMT

Tesla shares soar

On Friday, Tesla Inc shares value increased to a new record high, reaching $695 per share, amid the company's awaited entrance into the S&P 500 index.

Sat, 19 Dec 2020 10:33:10 GMT

Wistron fails to manage Indian plant

According to a Karnataka factories department report, Wistron, Apple's supplier, had failed to manage one of the expanded factories in India and breached several state laws.

Sat, 19 Dec 2020 09:32:40 GMT

China issues new regulation on investments

The National Development and Reform Commission announced on Saturday entry into force of the new rules allowing authorities check investments from abroad against national security criteria.

Sat, 19 Dec 2020 07:44:30 GMT

Microsoft develops own chips

Microsoft announced on Friday that the company would develop its own server and PC chips.

Sat, 19 Dec 2020 05:48:48 GMT

Clarida comments on policy

On Friday, the Board Member of the Federal Reserve Richard Clarida stated that there would be no changes in the Fed's current policy.

Sat, 19 Dec 2020 04:40:14 GMT

Oil reaches high level

During Friday's US trading hours, crude oil prices reached above the $52 level, as demand was expected to return.

Sat, 19 Dec 2020 04:39:50 GMT

US Dollar slightly recovers

On Friday, the US Dollar recovered some of its previous losses. However, the currency remained near a historical low level.

Fri, 18 Dec 2020 21:43:20 GMT

Wall Street declines on Friday

US stock indices ended the week's trading on Friday with a decline from the recently reached new historical high.

Fri, 18 Dec 2020 20:42:16 GMT

Russia 2020 inflation at 4.6-4.9%

The inflation rate in Russia is expected to be around 4.6-4.9% in 2020, above the 4% target, a report published by the Russian central bank shows.

Fri, 18 Dec 2020 20:31:57 GMT

UK retail sales decline 3.8% in November

Retail sales in the UK contracted 3.8% in November, compared to the previous month, data published by the British Office for National Statistics show.

Fri, 18 Dec 2020 19:00:31 GMT

US current account deficit edges higher

The US Commerce Department announced on Friday that the current account deficit, which measures the flow of investments, goods and services into the United States, surged by 10.6% to $178.5B in Q3.

Fri, 18 Dec 2020 18:02:03 GMT

JPMorgan's Raymond to exit board

On Friday, JPMorgan Chase announced that Lee Raymond, the company's longest-serving director, would step down from the board at the end of this year.

Fri, 18 Dec 2020 17:00:37 GMT

Volkswagen to adjust production

On Friday, the German carmaker Volkswagen announced that it would adjust production at its factories in Europe, North America and China amid a shortage in semiconductors supply.

Fri, 18 Dec 2020 16:06:58 GMT

Wall Street's main indexes hit record high

US stocks opened at record levels on Friday, as the Dow Jones Industrial Average was up by 10.51 points at 9:34 a.m. ET, while the Nasdaq Composite Index rose by 0.09%.

Fri, 18 Dec 2020 15:12:49 GMT

WhatsApp rolls out desktop voice, video calls tests

On Friday, Facebook's WhatsApp has launched its desktop app beta version that features video and voice calls, the tech blog WABetaInfo reported.

Fri, 18 Dec 2020 14:05:11 GMT

Lockheed to assist Japan with stealth fighter

Lockheed Martin will assist Japan with building new stealth fighter deemed for the country's air force by the mid-2030s, according to Reuters.

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