News

Tue, 08 Dec 2020 08:45:04 GMT

Hyundai to recall Nexo hydrogen SUVs, Kona EV

Hyundai Motor is planning a recall of 50,864 of Kona electric vehicles and Nexo hydrogen cars in South Korea amid electronic braking system issues, according to the transport ministry's report.

Tue, 08 Dec 2020 08:36:23 GMT

BMW, Amazon form new data hub

BMW and Amazon's cloud computing unit have created a new data hub, as companies seek to boost efficiency, switching to data-driven decisions.

Tue, 08 Dec 2020 07:28:19 GMT

Palantir shares soar on FDA contract

Palantir Technologies, the data analytics company, was awarded a $44.4M contract by the US FDA, sending the firm's shares up nearly 21% on the news.

Tue, 08 Dec 2020 05:40:01 GMT

Morgan Stanley reduces long positions

On Monday, Morgan Stanley revealed in a statement that the bank had closed some of its emerging markets long positions.

Tue, 08 Dec 2020 04:48:37 GMT

Banco de Mexico gets new governor

Reuters reported on Monday that the Mexican President Andres Manuel Lopez Obrador had picked Galia Borja as the new Deputy Governor of the Banco de Mexico.

Tue, 08 Dec 2020 04:13:53 GMT

Airbus reveals production data

On Monday, Airbus revealed that in October the company had delivered 64 airplanes.

Mon, 07 Dec 2020 21:45:49 GMT

US Congress considers stopgap funding

Reuters revealed on Monday that in an effort to avoid a US government shutdown the US Congress would consider a one-week stopgap funding round.

Mon, 07 Dec 2020 20:43:51 GMT

Airbnb boosts IPO price

On Monday, Airbnb revealed that it expects to have an initial public offering that would raise the company almost $3.09 billion.

Mon, 07 Dec 2020 19:43:57 GMT

Stock indices decline

Despite booking new high levels during Monday's US trading hours, by the end of the day's trading US stock indices declined.

Mon, 07 Dec 2020 18:44:34 GMT

Oil prices steady

During Monday's European trading hours, crude oil prices traded sideways, as a coronavirus caused demand decline was outweighed by news from OPEC+.

Mon, 07 Dec 2020 18:26:07 GMT

GBP experiences high volatility

During Monday's trading hours, the Pound traded with high volatility, as it was first beat down by comments from the UK government and afterwards recovered due to a trade talk extension.

Mon, 07 Dec 2020 17:00:55 GMT

Airbnb raises IPO price range

Airbnb is planning to boost its initial public offering's price range this week, seeking to attract $3.09B, as it hopes for recovery following the COVID-19 crisis.

Mon, 07 Dec 2020 15:41:23 GMT

Nasdaq reaches its record-high level

On Monday, the Nasdaq hit its record high on rising hopes for the new stimulus bill passage, while the Dow and the S&P 500 dropped on tensions between China and the United States over Hong Kong.

Mon, 07 Dec 2020 15:18:58 GMT

Cisco to acquire IMImobile for $730M

Cisco is set to acquire the UK cloud communications software firm IMImobile in a cash-deal valued at around $730M, including debt.

Mon, 07 Dec 2020 14:28:49 GMT

RWE, Equinor join hydrogen project

The Norwegian gas and oil company Equinor and the German utility RWE joined the Dutch project for "green" hydrogen production by using the offshore wind power.

Mon, 07 Dec 2020 13:37:40 GMT

EU countries tie up over semiconductor push

France, Germany, Spain and 10 other European countries teamed up over the investment in semiconductor and processors technologies, in its efforts to catch up with Asia and the United States.

Mon, 07 Dec 2020 12:31:00 GMT

LG restructures loss-making phone business

On Monday, LG Electronics announced the reorganisation of its loss-making smartphone unit to boost outsourcing of the company's low to mid-end mobile phones, in a potential attempt to reduce costs as well as compete with other Chinese rivals.

Mon, 07 Dec 2020 10:41:03 GMT

Asian shares decline

During Monday's Asian trading hours, global stock indices declined, as a recovery of the US Dollar fueled a minor risk asset sell off.

Mon, 07 Dec 2020 10:03:15 GMT

GBP plummets on Monday

During early Monday's trading, the value of the Pound plummeted, as The Sun reported that the Prime Minister of the UK Boris Johnson could withdraw from trade talks with the EU.

Mon, 07 Dec 2020 08:41:58 GMT

Goldman Sachs' MENA head to retire

Goldman Sachs' Chief Executive Officer for Middle East and North Africa, Wassim Younan, is planning to retire following almost three decades with the US bank, a memo showed.

Mon, 07 Dec 2020 07:54:53 GMT

Airbnb seeks raising IPO price target range

Airbnb is planning to increase the price target range for the initial public offering to $56-$60 per share, marking demand for new US stocks.

Mon, 07 Dec 2020 06:06:05 GMT

Tehran prepares to increase oil exports

The IRNA news agency reported on Sunday that Iran was preparing to boost oil exports if the US lift some sanctions under a Joe Biden presidency.

Mon, 07 Dec 2020 05:01:27 GMT

Ritter to resign as co-CEO of Zalando

Europe's biggest online-only fashion retailer Zalando said in a statement that Rubin Ritter would step down as co-CEO at the next annual general meeting.

Mon, 07 Dec 2020 04:04:40 GMT

Indonesia accepts first shipment of COVID vaccine

Indonesia has received its first COVID-19 vaccine from China's Sinovac Biotech, the Indonesian President Joko Widodo announced on Sunday.

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