News

Fri, 03 Jul 2020 17:48:53 GMT

Nissan's sales up 4.5% in China

Japanese automaker Nissan Motor stated that its sales in China rose 4.5% year-on-year to 136K vehicles in June.

Fri, 03 Jul 2020 17:09:08 GMT

Intel to invest $255M in Jio Platforms

Intel Corp's investment arm is expected to pay $255M for a stake in Jio Platforms, the digital unit of Reliance Industries.

Fri, 03 Jul 2020 15:45:29 GMT

Daimler to take 3% stake in Farasis

Daimler is set to deepen cooperation with Farasis Energy in an agreement, which includes taking about 3% equity stake in China's battery cell manufacturer.

Fri, 03 Jul 2020 14:44:23 GMT

Daimler plans French factory sale

Daimler is considering to sell its plant located in France in its production overhaul, the German automaker announced on Friday, that will trigger a restructuring worth millions of euros in the Q2.

Fri, 03 Jul 2020 13:41:24 GMT

Oil prices decline

At the end of Friday's European trading session, crude oil prices declined, as a record of new coronavirus cases in the US signalled a decline in future demand.

Fri, 03 Jul 2020 12:45:34 GMT

Fiat sticks to agreement

Fiat Chrysler announced on Friday that the rules of the merger with PSA have not changed despite some newspapers reporting the contrary.

Fri, 03 Jul 2020 11:21:30 GMT

RBS Chairman addresses BoE

On Friday, the Chairman of the Royal Bank of Scotland Howard Davies asked the Bank of England to lift limits on dividends.

Fri, 03 Jul 2020 11:19:37 GMT

US Dollar rises on Friday

During Friday's European trading hours, the US Dollar continued to gain value, as the surge caused by better than expected US employment data continued.

Fri, 03 Jul 2020 09:59:38 GMT

Air France cuts jobs

On Friday, a union representative stated that Air France informed the workers unions that it would cut 1,022 jobs at the airline HOP.

Fri, 03 Jul 2020 09:03:07 GMT

French service sector recovers in June

France's service sector activity has returned to its growth last month after easing the coronavirus restrictions in the country, bolstering the overall business activity, Reuters reported on Friday.

Fri, 03 Jul 2020 08:39:26 GMT

France's PM Philippe steps down

On Friday, Edouard Philippe, the French Prime Minister, has announced his resignation ahead of the government reshuffle triggered by the President Emmanuel Macron that is aimed at boosting green credentials as well as winning back voters for a potential re-election bid.

Fri, 03 Jul 2020 06:52:28 GMT

Tesla to build molecule printers for CureVac

Tesla is making mobile molecule printers for Germany's CureVac to help develop the COVID-19 vaccine, the electric carmaker's CEO Elon Musk announced via his twitter account.

Fri, 03 Jul 2020 06:20:02 GMT

Luckin's Lu to stay as chairman

Charles Zhengyao Lu, the co-founder of China's Luckin Coffee, would remain as the company's chairman after an ouster proposal, the embattled coffee chain stated.

Fri, 03 Jul 2020 04:42:59 GMT

Germany's June auto sales drop 40%

German car sales plunged by 40% last month, the Tagesspiegel newspaper reported, setting the European biggest car market for the worst year since 1989.

Fri, 03 Jul 2020 03:45:28 GMT

Lemonade shares jump 73% in market debut

Shares in Lemonade Inc, the SoftBank-backed insurance firm, surged as much as 73% in their US market debut, driven by the rebound in the investor demand for fresh listings after the coronavirus crisis.

Fri, 03 Jul 2020 03:34:12 GMT

Deutsche Bank considers backing Wirecard's bank

Deutsche Bank is considering an option to provide "financial support" to Wirecard's banking unit in Germany.

Thu, 02 Jul 2020 23:11:21 GMT

Aeromexico shares bounce back on sharp losses

On Thursday, Aeromexico's shares surged by 26% after plunging the day before amid the Mexican carrier's announcement about the start of bankruptcy proceedings as the COVID-19 pandemic hit its business.

Thu, 02 Jul 2020 20:10:46 GMT

Airbus CEO comments job losses

On Thursday, the CEO of Airbus Guillaume Faury stated to Spiegel that Germany could prevent the upcoming job cuts in the company.

Thu, 02 Jul 2020 18:46:09 GMT

Boeing pulls plug on jumbo jet

Bloomberg announced on Thursday that Boeing would cancel the 747 jumbo jet production.

Thu, 02 Jul 2020 18:27:06 GMT

Fed buys mortgage bonds

On Thursday, the US Federal Reserve announced that it had bought $22.71 billion of mortgage backed securities.

Thu, 02 Jul 2020 16:41:01 GMT

Tesla tops Q2 car deliveries estimates

On Thursday, Tesla has beat analysts' expectations for its Q2 vehicle deliveries, sending the electric carmaker's shares up 8% on the report.

Thu, 02 Jul 2020 15:51:20 GMT

Oil prices stay on hold on US unemployment

On Thursday, oil prices remained almost unchanged amid a slide in US unemployment as well as Wednesday's fall in crude inventories, Reuters reported.

Thu, 02 Jul 2020 15:40:34 GMT

Angela Merkel advises staying precautious

On Thursday, Germany's Chancellor Angela Merkel has acknowledged that the worst part of the COVID-19 pandemic has passed, but it is necessary to keep precautions.

Thu, 02 Jul 2020 14:05:15 GMT

Dollar reaches low level

During Thursday's trading hours, the US Dollar continued to decline, as the currency reached a new weekly low level.

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