News

Tue, 24 Nov 2020 08:58:46 GMT

Nissan plans redesigned Note car sale in Japan

On Tuesday, Nissan Motor announced its plans to sell the redesigned Note compact vehicle equipped with hybrid drive technology in Japan starting from December, as it seeks to win a market share from Honda Motor and Toyota Motor.

Tue, 24 Nov 2020 07:54:08 GMT

Scania plans truck production in China

Sweden's truck maker Scania has acquired a Chinese truck firm to start manufacturing vehicles in the Asian country, Traton SE's unit stated on Tuesday.

Tue, 24 Nov 2020 07:36:37 GMT

Biden to appoint Yellen to US Treasury

The President-elect Joe Biden plans to nominate Janet Yellen, the ex-Federal Reserve Chair, as the new US Treasury secretary, to lead the country from the sharp economic downturn.

Tue, 24 Nov 2020 05:57:03 GMT

Bank of England comments on Brexit

On Monday, the Governor of the Bank of England Andrew Bailey stated that a no-deal Brexit is most likely going to hurt the UK economy more than the coronavirus.

Tue, 24 Nov 2020 05:17:15 GMT

BlackRock suggests US stocks

The world's largest fund BlackRock on Monday revealed that it had recently become bullish on US stocks.

Tue, 24 Nov 2020 04:26:17 GMT

UK increases Covid measures

On Monday, the Prime Minister of the United Kingdom Boris Johnson announced new anti-coronavirus measures that are set to impact the economy.

Mon, 23 Nov 2020 21:40:49 GMT

US Dollar recovers

During Monday's trading hours, the value of the US Dollar recovered from a three month low, as news of another coronavirus vaccine caused risk on sentiment.

Mon, 23 Nov 2020 20:45:13 GMT

Stocks trade mixed on Monday

On Monday, US stock indices showed mixed results, as a surge in energy and industrial sectors was offset by a decline in tech stocks.

Mon, 23 Nov 2020 20:10:45 GMT

Crude oil prices surge

During Monday's trading, crude oil prices surged by more than 2%, as a new coronavirus vaccine gave hopes of economic recovery.

Mon, 23 Nov 2020 18:54:51 GMT

US business activity expands in November

According to IHS Markit's manufacturing and services sector purchasing managers' indexes, business activity in the United States expanded to its quickest rate in over five years.

Mon, 23 Nov 2020 17:56:42 GMT

GM ordered to recall 5.9M vehicles

The US National Highway Traffic Safety Administration announced on Monday that General Motors must recall 5.9 million vehicles with Takata airbag inflators issue.

Mon, 23 Nov 2020 16:58:27 GMT

Eurozone's business activity declines

Eurozone's economic activity declined significantly in November, as a second wave of the coronavirus pandemic sweeps across Europe.

Mon, 23 Nov 2020 15:59:42 GMT

Ethereum and XRP edge higher

On Monday, Ethereum, the second-largest cryptocurrency by market capitalisation after bitcoin, surged by 7%, while Ripple coin soared by 22% to its highest level in over two years.

Mon, 23 Nov 2020 14:46:03 GMT

Canada October wholesale trade likely to rise

Canada's October wholesale sales are likely to surge by 0.9%, according to Statscan's flash estimate published on Monday.

Mon, 23 Nov 2020 14:17:15 GMT

US futures surge on vaccine hopes

On Monday, the US stock index futures surged on the back of hopes for the COVID-19 vaccine that could be available in the nearest time, renewing bets of better economic recovery in 2021.

Mon, 23 Nov 2020 13:06:26 GMT

Le Maire aims at pushing digital tax

France's Finance Minister Bruno Le Maire is planning to push the international digital tax overhaul in the first contact with the new Biden's administration scheduled on Monday.

Mon, 23 Nov 2020 12:08:15 GMT

Alpha Bank selects bidder for $12B bad loans

On Monday, Greece's Alpha Bank stated it had picked Davidson Kempner, the US investment fund, as the preferred bidder to acquire a $12.81B worth non-performing loan portfolio.

Mon, 23 Nov 2020 10:41:20 GMT

EU and UK continue trade talks

On Monday, negotiators from the United Kingdom and the European Union resumed the long ongoing trade talks.

Mon, 23 Nov 2020 10:24:28 GMT

Oil prices climbs on vaccine news

On Monday, oil prices climbed over 1%, extending the prior week's gains on the back of the expected recovery in demand amid successful COVID-19 vaccine trials.

Mon, 23 Nov 2020 08:57:54 GMT

European shares jump on vaccine hopes

On Monday, the European stock surged on hopes for the anti-coronavirus vaccine to boost the global economic revival, despite a rise in infection rates that clouded near-term outlook.

Mon, 23 Nov 2020 07:51:42 GMT

Deutsche Bahn, Siemens develop hydrogen trains

Deutsche Bahn and Siemens Mobility are developing hydrogen fuel cell trains, planning to launch their trials in 2024 with intention to replace diesel engines on Germany's rail networks.

Mon, 23 Nov 2020 07:37:37 GMT

Blackstone seeks $5B for Asia buyout fund

Blackstone Group is seeking to attract at least $5B for the second Asia buyout fund, according to Bloomberg News report seen on Sunday.

Mon, 23 Nov 2020 05:59:45 GMT

Russia prepares to work with any US leader

On Sunday, the Russian President Vladimir Putin stated that he was prepared to work with any leader of the United States.

Mon, 23 Nov 2020 05:02:41 GMT

Syria names Mekdad as new FM

On Sunday, the Syrian President Bashar al-Assad appointed Faisal Mekdad as Syria's Foreign Minister, the presidency announced in a statement.

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