News

Fri, 13 Nov 2020 13:41:57 GMT

Panasonic names Kusumi as CEO

Japan's Panasonic has named Yuki Kusumi, the automotive business head, as the company's new CEO to replace Kazuhiro Tsuga, Reuters reported.

Fri, 13 Nov 2020 12:42:33 GMT

FCA and Engie EPS to form e-mobility JV

Fiat Chrysler and Engie EPS are planning to establish a joint venture, seeking to benefit from the expected boom in e-mobility.

Fri, 13 Nov 2020 12:34:50 GMT

French PM seeks to postpone regional elections

France's Prime Minister Jean Castex is seeking a three-month delay for the upcoming regional elections, which was initially set for the next year's March, amid the coronavirus-caused lockdown.

Fri, 13 Nov 2020 10:50:10 GMT

ECB comments on recovery

On Friday, the European Central Bank's Pablo Hernandez de Cos stated that economic policies are still required despite an upcoming coronavirus vaccine.

Fri, 13 Nov 2020 09:59:46 GMT

Daimler plans China plant restructuring

Germany's Daimler together with Beiqi Foton Motor, its Chinese commercial vehicle partner, is planning an investment worth $415.32M to manufacture Actros heavy trucks under the Mercedes-Benz brand in China.

Fri, 13 Nov 2020 09:31:24 GMT

Russian Ozon's IPO to attract around $750M

Russian online retailer Ozon's plans to attract around $750M in its initial public offering in the United States, according to Reuters sources.

Fri, 13 Nov 2020 08:00:03 GMT

Ford aims to grab major share in EV market

Ford Motor is targeting a leading share in the electric car commercial market with its E-Transit cargo van, according to the carmaker's CEO Jim Farley.

Fri, 13 Nov 2020 06:59:01 GMT

Tencent reports 89% profit rise

China's Tencent reported an 89% surge in its quarterly profit, beating analysts' forecasts on Thursday, driven by its solid advertising and blockbuster game Honour of Kings launch.

Fri, 13 Nov 2020 05:42:37 GMT

Disney posts better-than-expected revenue

Walt Disney posted better-than-expected quarterly revenue on Thursday due to live sports return to ESPN and the recovery of the company's theme parks after shutdowns caused by pandemic.

Fri, 13 Nov 2020 05:05:05 GMT

Daimler set to shrink by shifting to EVs

Daimler is set to become a smaller company in five years, as it seeks to shift its focus to manufacturing electric self-driving vehicles; a decision that is likely to result in job cuts.

Fri, 13 Nov 2020 03:58:08 GMT

Sony's new PS5 console sold out online

On Thursday, Sony's next-generation new console PlayStation 5 has been rolled out online in core markets and was sold out in the US and Japan amid surging demand for gaming caused by the coronavirus pandemic.

Thu, 12 Nov 2020 23:15:57 GMT

Instacart picks Goldman Sachs for IPO

Instacart has hired Goldman Sachs Group to lead an initial public offering, planned early next year, valuing the US grocery delivery firm at about $30B, according to Reuters.

Thu, 12 Nov 2020 21:12:29 GMT

Cellnex signs $11.8B deal with CK Hutchison

Spain's Cellnex revealed its biggest purchase to date with a deal to buy more than 24K telecom towers across Europe from Hong Kong's CK Hutchison for $11.81B.

Thu, 12 Nov 2020 20:05:37 GMT

Engie EPS, Fiat Chrysler to set up e-mobility JV

Engie EPS, Fiat Chrysler announced plans to establish a joint venture to take advantage of rapid growth in electric mobility.

Thu, 12 Nov 2020 18:50:14 GMT

Rolls-Royce raises £2B with rights issue

The UK engineering firm Rolls-Royce raised £2B from the rights issue to support its pandemic-hit finances after stockholders signed up for more than 90% of new shares.

Thu, 12 Nov 2020 17:42:42 GMT

US Dollar trades flat

Throughout Thursday's trading hours, the US Dollar traded flat against its peer currencies, as it continued to consolidate in the aftermath of this week's high volatility.

Thu, 12 Nov 2020 16:45:31 GMT

Crude oil prices rise

On Thursday, crude oil price benchmarks surged despite the International Energy Association's comments on slow demand recovery.

Thu, 12 Nov 2020 16:05:26 GMT

Stocks trade mixed

During Thursday's US trading hours, stock indices slightly declined, as stocks traded with mixed results.

Thu, 12 Nov 2020 15:37:33 GMT

US consumer prices stay on hold

On Thursday, the Labor Department reported the consumer price index remained unchanged in October followed a 0.2% surge in September.

Thu, 12 Nov 2020 14:37:40 GMT

Cano Health plans listing via merger

On Thursday, the healthcare provider Cano Health announced it would launch public listing through a $4.4B merger with Barry Sternlicht-backed blank-check company.

Thu, 12 Nov 2020 13:37:50 GMT

Foxconn views strong iPhone 12 demand

Apple's main supplier Foxconn said it is expecting strong iPhone 12 demand for the holiday quarter, adding it will continue to invest in the US as scheduled.

Thu, 12 Nov 2020 11:58:22 GMT

Wall Street's employees to get lower bonuses

Wall Street's employees are expected to receive lower 2020 bonuses compared with the previous year due to the coronavirus impact on the US economy.

Thu, 12 Nov 2020 10:55:51 GMT

IEA comments on oil demand

On Thursday, the International Energy Agency stated that global demand for oil is unlikely going to grow until the middle of 2021.

Thu, 12 Nov 2020 10:16:29 GMT

China's Tencent Q3 profit soars 89%

On Thursday, Tencent Holdings, China's gaming and social media titan, posted the forecast-beating 89% surge in its Q3 profit, driven by advertising and video games businesses.

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