News

Sat, 05 Dec 2020 15:28:39 GMT

UK Ministry of Defence comments on steelmaker

On Saturday, the Ministry of Defence of the United Kingdom revealed to Sky News that it is interested in controlling a steelmaking company.

Sat, 05 Dec 2020 14:28:35 GMT

Russia vaccinates against Covid-19

Russian authorities revealed on Saturday that the government had begun to vaccinate against the coronavirus in Moscow.

Sat, 05 Dec 2020 13:29:42 GMT

Boris Johnson speaks with EU chief

On Saturday, the Prime Minister of the United Kingdom Boris Johnson revealed that he would talk with the President of the European Commission to negotiate a trade deal.

Sat, 05 Dec 2020 12:26:38 GMT

Nissan to stop supporting Trump

Nissan Motor Co announced on Saturday that it would join GM and other car producers that had decided to stop supporting the US President in its clash with Californian authorities over vehicle emissions rules.

Sat, 05 Dec 2020 11:24:53 GMT

Credit Suisse Rohner comments on bonuses

Credit Suisse Chairman Urs Rohner stated on Saturday that the ongoing pandemic would certainly be a factor when determening amount of bonuses to receive.

Sat, 05 Dec 2020 10:01:02 GMT

FTSE Russell removes eight Chinese companies

FTSE Russell stated on Friday that it would remove eight Chinese firms whose shares acquisition was forbidden by the US government.

Sat, 05 Dec 2020 09:24:06 GMT

JD.com to accept digital yuan

JD.com Inc stated on Saturday that it would allow its customers to use digital yuan as one of the experimental payment methods.

Sat, 05 Dec 2020 07:48:20 GMT

Moderna aims to produce 500M vaccine doses

Moderna is confident it will produce 500M COVID-19 vaccine doses next year, the company's CEO Stéphane Bancel stated earlier this week.

Sat, 05 Dec 2020 07:31:28 GMT

Ford postpones Bronco SUV roll-out

Ford Motor has decided to postpone its rollout of its Bronco sport-utility vehicle in 2021 from spring to summer due to supply issues caused by the coronavirus pandemic.

Sat, 05 Dec 2020 06:16:09 GMT

US labour market slows recovery

Data releases on Friday revealed that the US labour market had slowed down its recovery due to the rise in COVID-19 cases.

Sat, 05 Dec 2020 06:15:29 GMT

Biden issues statement

On Friday, the President-elect of the Unites States Joe Biden stated that the recent employment data had revealed the urge for additional economic stimulus.

Sat, 05 Dec 2020 03:47:02 GMT

Risk assets surge

On Friday, all classes of risk assets surged, as a coronavirus relief package was expected to be proposed by Joe Biden.

Fri, 04 Dec 2020 22:17:04 GMT

European stocks surge

During Friday's European trading hours, stock indices in Europe surged, as gains in oil stocks affected the rest of the market.

Fri, 04 Dec 2020 21:00:39 GMT

Euro area manufacturing sector expands

The manufacturing sector in the euro zone expanded in November, albeit at a slower pace compared to October, data published by the information provider IHS Markit show.

Fri, 04 Dec 2020 19:59:21 GMT

French economy to contract 4.5% in Q4

The economy of France is expected to contract 4.5% in the fourth quarter of 2020 after a 18.7% rebound in the prior quarter, the national statistics institute INSEE reports.

Fri, 04 Dec 2020 19:21:02 GMT

Brazil economy expands 7.7% in Q3

The Brazilian economy expanded 7.7% in the third quarter of 2020, compared to the previous quarter, data published by the Brazilian government show.

Fri, 04 Dec 2020 18:10:37 GMT

India economy to contract 7.5%

The economy of India is expected to contract 7.5% in the current fiscal year, a report published by the central bank of India shows.

Fri, 04 Dec 2020 17:01:00 GMT

US factory orders rise in October

US factory orders increased 1% in October, after increasing 1.3% in September, a report published by the Commerce Department shows.

Fri, 04 Dec 2020 16:30:56 GMT

US unemployment declines to 6.7% in November

The US unemployment rate declined to 6.7% in November from a recent high of 14.7% in April, data published by the Labor Department show.

Fri, 04 Dec 2020 15:23:46 GMT

Glencore aims at net-zero emissions

On Friday, Glencore stated it would commit to net-zero emissions through reducing its carbon footprint by around 40% by 2035.

Fri, 04 Dec 2020 14:06:32 GMT

Gucci donates $500K to UNICEF

Kering-owned luxury brand Gucci will donate $500K to UNICEF on supply and distribution of the COVID-19 vaccines to people globally, it stated on Friday.

Fri, 04 Dec 2020 13:10:58 GMT

Disrupted chip supplies may hit China's output

On Friday, the largest foreign carmaker in China, Volkswagen, stated that the Chinese overall car production might be interrupted following disrupted chip supplies around the globe caused by the COVID-19 pandemic.

Fri, 04 Dec 2020 11:48:55 GMT

Aston Martin to inject £125M in capital

On Friday, Aston Martin's shareholders have granted their approval for the luxury automaker's plans for £125M capital injection, seeking to bolster its loss-making business.

Fri, 04 Dec 2020 11:36:02 GMT

Sabadell plans more layoffs, alliances

Sabadell is planning to cut more job and strike alliances on product distribution with other EU lenders after the merger deal with its rival BBVA collapsed last week.

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