News

Thu, 01 Oct 2020 18:52:16 GMT

US automakers sales show signs of recovery

The US new vehicles sales continued to show indications of recovery from the coronavirus pandemic despite posting lower quarterly sales.

Thu, 01 Oct 2020 17:58:16 GMT

Crude oil prices decline 5%

On Thursday, crude oil prices declined more than 5%, Brent crude futures fell by 4.5%, to $40.40 per barrel by 16:34 GMT, while the US WTI crude futures were down by 5.2%, to $38.13 a barrel.

Thu, 01 Oct 2020 17:05:46 GMT

Boeing plans moving 787 production

Boeing is set to move its output of the 787 Dreamliner jets to South Carolina next year, amid its cost-cutting strategy, the planemaker said on Thursday.

Thu, 01 Oct 2020 16:09:26 GMT

Chevron seen to complete Noble Energy deal

On Friday, Noble Energy shareholders are likely to grant a green light to the company's sale to Chevron in a stock deal worth around $4.2B.

Thu, 01 Oct 2020 15:17:21 GMT

Top American carriers launch 32K furloughs

The top US largest carriers United Airlines and American Airlines has launched furloughs of more than 32K employees this Thursday, according to Reuters.

Thu, 01 Oct 2020 14:29:37 GMT

US jobless claims drop on Thursday

The number of US filings for unemployment benefits fell to 837K last week, compared to 837K reading the previous week, according to the Labor Department report published on Thursday.

Thu, 01 Oct 2020 13:35:52 GMT

Gap to hire more staff for holiday season

On Thursday, Gap Inc announced its plans to virtually hire new staff for upcoming months of holidays to fulfil the retailer's online orders amid high demand for online shopping.

Thu, 01 Oct 2020 12:25:30 GMT

Bayer shares fall 11%

Bayer shares dropped as much as 11% after its statement that the company's adjusted profit might decline in 2021, as well as due to potential write-downs of the agricultural asset value.

Thu, 01 Oct 2020 10:45:51 GMT

French PMI back to growth

According to IHS Markit, French September PMI rose to 51.2 from 49.8 reading the previous month, signalling an improvement in the manufacturing sector despite a surge in the coronavirus cases.

Thu, 01 Oct 2020 09:45:12 GMT

UK and EU fail at negotiations

On Thursday, the EU and UK trade agreement negotiators announced that they had failed at agreeing upon the matter of state aid. The announcement caused a one percent drop of the Pound.

Thu, 01 Oct 2020 08:59:50 GMT

Hyundai's September US sales jump 5%

Hyundai Motor reported on Thursday its sales surged 5% in the United States last month, driven by a rapid demand recovery for the South Korean automaker's high-profit SUVs.

Thu, 01 Oct 2020 07:49:40 GMT

Tesla trims initial price for Model 3 cars

On Thursday, Tesla, the US electric vehicle maker, has reduced its starting price of the Model 3 sedans made in China by nearly 8% to $36,805, after China's subsidies for EVs were taken into account.

Thu, 01 Oct 2020 06:51:12 GMT

Tokyo SE halts trade amid system glitch

On Thursday, Tokyo Stock Exchange has suspended its full day-trade due to the worst-ever glitch in the stock marker's electronic trading system that triggered a major outage.

Thu, 01 Oct 2020 06:36:46 GMT

Disney plans major US layoffs

Walt Disney is set to lay off around 28K employees at its theme parks in the United States amid the coronavirus hit, the company announced.

Thu, 01 Oct 2020 04:49:19 GMT

HP to pay $6M fine

HP Inc agreed to pay a $6M fine to settle US SEC charges, as it misled investors by failing to reveal the effect of sales practices used to meet earnings and sales targets.

Thu, 01 Oct 2020 03:49:53 GMT

Bayer announces €1.2B cost-cutting plan

German company Bayer AG announced plans for more than €1.2B cost cuts until 2024 and stated that it is set to take impairment charges over its agricultural business.

Thu, 01 Oct 2020 03:38:32 GMT

NTT, Jaguar cooperate with tech group IOTA

IOTA teamed up with corporations, such as NTT Data and Jaguar Land Rover, in the launch of software, which would grant users remote control of appliances, cars and other items.

Wed, 30 Sep 2020 20:48:34 GMT

Rolls-Royce plans to raise £2B

Rolls-Royce Holdings is expected to announce plans to raise around £2B from investors, in a bid to strengthen the company's balance sheet.

Wed, 30 Sep 2020 19:43:32 GMT

US Dollar surges

During Wednesday's US trading hours, the US Dollar gained value. The event was attributed to US GDP data.

Wed, 30 Sep 2020 19:10:57 GMT

US stock prices surge

On Wednesday, US stock indices surged, as buying was caused by a rise in tech and industrial stock prices.

Wed, 30 Sep 2020 17:43:50 GMT

Caesars to acquire William Hill

Caesars Entertainment is planning to take over the UK-based gambling firm William Hill in a deal valued at £2.9B, seeking expansion in the American sports-betting market.

Wed, 30 Sep 2020 16:45:42 GMT

Pound rises 100 pips against Dollar

The Pound jumped by 100 pips against the US Dollar in less than two hours on Wednesday ahead of the planned conference with the British PM Boris Johnson.

Wed, 30 Sep 2020 15:46:20 GMT

VW to announce major strategic steps

Volkswagen is set to announce new important strategic steps it is planning to make this year, CEO Herbert Diess stated on Wednesday.

Wed, 30 Sep 2020 13:56:47 GMT

SEAT sees September sales to top forecasts

Volkswagen's SEAT is expecting its September sales to top the results of the same period last year, the Spanish carmaker's incoming chairman said to Reuters.

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