News

Thu, 29 Oct 2020 10:43:04 GMT

ECB comments on coronavirus

On Thursday, the Supervisor of the European Central Bank Kerstin af Jochnick stated that the euro zone faces a possible double dip recession due to coronavirus restrictions.

Thu, 29 Oct 2020 10:03:57 GMT

Nokia trims annual profit outlook

On Thursday, Nokia reduced its full-year profit outlook despite the company's quarterly underlying profit had met forecasts in its earnings under the new Chief Executive Pekka Lundmark.

Thu, 29 Oct 2020 08:54:05 GMT

JC Penney signs asset purchase deal

J.C. Penney has signed an asset purchase deal with Simon Property Group and Brookfield Asset Management and many of the firm's first lien lenders.

Thu, 29 Oct 2020 08:10:05 GMT

Ant Group cuts support for its overseas partners

China's Ant Group has halted staff and funding support for some of its overseas e-wallet partners in strategy rethink ahead of its planned listing.

Thu, 29 Oct 2020 05:41:18 GMT

Ford reports $2.4B quarterly profit

Ford Motor reported a stronger-than-expected quarterly profit of $2.4B amid strong US demand for SUVs and pickups.

Thu, 29 Oct 2020 04:59:04 GMT

Visa profit down 23% in Q4

Visa reported lower-than-expected quarterly profit of $2.4B, as high unemployment amid the coronavirus-induced recession kept weighing on consumer spending.

Wed, 28 Oct 2020 21:43:58 GMT

CoStar Group, others aim to buy CoreLogic

CoStar Group and private equity firms GTCR, Warburg Pincus were among the bidders aiming to acquire CoreLogic, the US property data and analytics firm, sources said.

Wed, 28 Oct 2020 21:05:10 GMT

Deutsche Bank reports net profit in Q3

Germany's largest lender Deutsche Bank made a net profit of $213M in the third quarter of 2020, a statement published by the bank shows.

Wed, 28 Oct 2020 20:12:22 GMT

Ukraine banking sector profit declines

Net profit of banks in Ukraine declined 22% to $1.3B in the first nine months of 2020, compared to 2019, data published by the Ukrinform show.

Wed, 28 Oct 2020 19:20:05 GMT

Mexico exports grow

Exports from Mexico increased 0.93% in September, compared to the prior month, a statement published by the National Institute of Statistics shows.

Wed, 28 Oct 2020 18:09:23 GMT

Malaysia producer price index declines

Malaysia's producer price index declined 3.9% in September, compared to the same period the previous year, the Malaysian Statistics Department reports.

Wed, 28 Oct 2020 17:03:56 GMT

S. Korea consumer sentiment recovers

The South Korean consumer sentiment improved in October, compared to the previous month, data published by the Bank of Korea show.

Wed, 28 Oct 2020 16:34:07 GMT

Boeing revenue declines in Q3

The Boeing Company announced a revenue of $14.1B in the third quarter of 2020, a 29% decline compared to the same period in 2019. 

Wed, 28 Oct 2020 16:30:27 GMT

Stock prices decline

During early US trading hours on Wednesday, global stock prices declined, as a sell-off was taking place due to coronavirus fears.

Wed, 28 Oct 2020 15:34:27 GMT

GE posts quarterly profit on Wednesday

On Wednesday, General Electric abruptly reported its quarterly profit as well as positive cash flow amid spending cuts and some improvements in the renewable energy and power businesses, sending shares higher.

Wed, 28 Oct 2020 14:09:48 GMT

Boeing deepens job trims on weak profit

On Wednesday, Boeing posted the fourth consecutive quarterly loss due to the coronavirus crisis, as well as 737 MAX jet grounding, which keeps hammering sales, signalling about more further job cuts.

Wed, 28 Oct 2020 13:37:36 GMT

Scopely attracts $340M in IPO

On Wednesday, Scopely, the mobile game developer, stated it had raised $340M in the latest funding round, led by NewView Capital and Wellington Management.

Wed, 28 Oct 2020 12:27:50 GMT

Amazon preps to unveil its Q3 results

Amazon is preparing to release its Q3 financial results on Thursday, with analysts' expectations of $92.7B revenue, according to Refinitiv's IBES data.

Wed, 28 Oct 2020 10:52:32 GMT

General Electric reports quarterly results

On Wednesday, General Electric reported smaller quarterly losses than expected, as the company had cut costs.

Wed, 28 Oct 2020 09:50:33 GMT

Sony expects high PS5 demand

Sony Corp is expecting high demand for its new PlayStation 5 console ahead of the launch planned for November 12, the company's gaming chief said on Wednesday.

Wed, 28 Oct 2020 08:49:45 GMT

Amazon rolls out Swedish website

On Wednesday, Amazon.com has launched a shopping website in Sweden, offering its customers over 150M products across dozens of categories, marking the retailer's first entry to the Nordics.

Wed, 28 Oct 2020 08:35:01 GMT

Exxon, JERA plan LNG power project

Exxon Mobil has tied up with Japan's largest power generator JERA to establish import facilities and a power station for LNG, seeking to fuel it in Vietnam, the companies announced on Wednesday.

Wed, 28 Oct 2020 07:36:48 GMT

AES, PetroVietnam Gas to ink LNG deal

AES Corp. is set to ink an agreement with PetroVietnam Gas over the development of a $2.8B liquefied natural gas import terminal as well as a power factory based in Vietnam.

Wed, 28 Oct 2020 06:00:07 GMT

LVMH, Tiffany in talks to settle dispute

According to sources with knowledge of the matter, the French luxury giant LVMH and the US luxury jeweller Tiffany & Co are in negotiations to settle their disagreement over a $1B takeover.

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