News

Mon, 01 Jun 2020 19:32:58 GMT

Brazil posts trade surplus of $4.5B in May

Brazil posted a $4.5B trade surplus last month, which was down 11.1% year-on-year and the lowest surplus registered in May in five years.

Mon, 01 Jun 2020 18:11:59 GMT

S. Korean car sales drop 36.3% in May

Global car sales of South Korean automakers tumbled 36.3% in May, compared to the same period in 2019, amid the coronavirus outbreak, industry data show.

Mon, 01 Jun 2020 17:02:19 GMT

Saudi Arabia to inject $13.3B in banking system

Saudi Arabia plans to inject $13.3B in the banking system amid the decline in oil prices, data published by the Saudi Arabian Monetary Authority show.

Mon, 01 Jun 2020 16:36:53 GMT

Portugal industrial production declines 25.9% in April

The Portuguese industrial production declined 25.9% in April, compared to the same period the prior year, the National Institute of Statistics of Portugal reports.

Mon, 01 Jun 2020 15:28:11 GMT

Portugal public debt increases to €262.1B in April

The Portugal's public debt increased to €262.1B in April, an increase of 2.82% from the prior month, a statement published by the Portuguese central bank Banco de Portugal shows.

Mon, 01 Jun 2020 13:42:41 GMT

Oil trades flat

During Monday's European trading hours, crude oil prices traded steady, as there were no major announcements being made in regards to oil supply and demand.

Mon, 01 Jun 2020 12:41:51 GMT

LSE could cut trading time

On Monday, the London Stock Exchange revealed that it has discovered broad backing in the markets for a reduction of the trading day by 90 minutes.

Mon, 01 Jun 2020 12:01:46 GMT

Samsung to build new memory chip line

Samsung Electronics announced on Monday it had begun building a new NAND flash memory chip production line in South Korea, as the coronavirus pandemic boosted demand for its servers and personal computers.

Mon, 01 Jun 2020 11:16:11 GMT

Coty names Chairman Harf as new CEO

On Monday, the cosmetics maker Coty stated it had appointed the Chairman Peter Harf as a new CEO of the company, as it seeks to restructure its business.

Mon, 01 Jun 2020 10:06:38 GMT

Stocks surge to high level

On Monday, global stock indices surged and almost reached a three month high level, as countries began to re-open their economies.

Mon, 01 Jun 2020 09:39:46 GMT

BYD to supply Ford with EV batteries

Buffet-backed BYD, the Chinese electric vehicle maker, is set to supply Ford Motor with EV batteries, Reuters showed on Monday.

Mon, 01 Jun 2020 07:57:55 GMT

Aussie dollar rises on recovery from pandemic

On Monday, the Australian Dollar rose as much as 1% to its three-month high of $0.6742, as investors focused on positive signs from the Chinese post-coronavirus economic recovery.

Mon, 01 Jun 2020 06:59:26 GMT

Amazon's Bezos invests in UK's Beacon

Amazon.com's CEO Jeff Bezos has selected the British digital freight forwarder Beacon for an investment, while Beacon reported it had raised more than $15M in the Series A fundraising, from the venture capital firm 8VC and investors including Bezos.

Mon, 01 Jun 2020 06:36:55 GMT

Netease to raise $2-$3B in HK listing

China's tech group Netease aims to attract about $2-$3B in one of the biggest equity deals this year, as it launches its secondary Hong Kong listing on Monday, according to Reuters.

Mon, 01 Jun 2020 05:05:30 GMT

China's manufacturing activity cools in May

According to the official manufacturing Purchasing Manager's Index, manufacturing activity in China expanded at a slower rate in May.

Mon, 01 Jun 2020 03:54:32 GMT

Germany stimulus package could worth $83B-$89B

According to the Bild am Sonntag weekly report, published on Sunday, the German economic stimulus programme could be worth $83B-$89B.

Mon, 01 Jun 2020 02:55:13 GMT

Egypt's hotels working with reduced occupancy rate

According to the Egyptian Tourism Ministry, Egypt's hotels working with an occupancy rate of 20%-22% to curb the spread of the coronavirus were fully booked by tourists.

Mon, 01 Jun 2020 01:36:14 GMT

Sturgeon says easing of lockdown must be very cautious

On Sunday, the Scottish First Minister Nicola Sturgeon said that she agreed with the experts that the easing of the COVID-19 lockdown must be done carefully.

Sun, 31 May 2020 19:57:48 GMT

Russia has nothing against earlier OPEC+ meeting

Russia stated it had no objection to earlier meeting of OPEC+ on June 4, instead of the initially planned gathering on June 9-10, Reuters reported on Sunday.

Sun, 31 May 2020 19:03:07 GMT

NASA astronauts arrive to ISS

SpaceX Crew Dragon has delivered two NASA astronauts, Doug Hurley and Bob Behnken, at the International Space Station under nearly 20 hours after the launch of the US space capsule.

Sun, 31 May 2020 18:31:19 GMT

Renault chairman dispels rumours over plant closure

On Sunday, Renault's Chairman Jean-Dominique Senard stated the carmaker would not close its Maubeuge factory in northern France, a few days after it announced 15K job cuts internationally as part of restructuring.

Sun, 31 May 2020 16:56:43 GMT

Raab says UK taking right step to relax lockdown

On Sunday, Britain's Secretary of State for Foreign Affairs Dominic Raab said that the United Kingdom is taking the right step to ease the COVID-19 lockdown.

Sun, 31 May 2020 15:58:39 GMT

China's services industry grows at faster rate in May

According to the official manufacturing Purchasing Manager's Index, China's services activity grew at a faster pace in May.

Sun, 31 May 2020 15:02:59 GMT

China's factory activity slows in May

According to the official manufacturing Purchasing Manager's Index, factory activity in China expanded at a slower rate in May.

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