News

Mon, 08 Jun 2020 15:02:05 GMT

PG&E to raise $5.75B in equities to exit bankruptcy

On Monday, US power provider PG&E announced its plans to attract $5.75B from public offerings, seeking to exit the bankruptcy by this month's end.

Mon, 08 Jun 2020 13:42:55 GMT

Crude oil prices surge

During Monday's European trading hours, crude oil prices and oil company stock prices surged, as oil producing countries extended production cuts.

Mon, 08 Jun 2020 12:43:28 GMT

Nokia boosts business

Nokia revealed on Monday that its broadband business has surged, as due to the coronavirus consumers upgrade their internet connections.

Mon, 08 Jun 2020 11:47:07 GMT

Japan prepares for economic slump

On Monday, Japanese officials revealed that despite a lower decline of GDP than expected, the country would still prepare for a larger economic decline.

Mon, 08 Jun 2020 10:44:31 GMT

Mulberry cuts workforce

UK luxury brand Mulberry revealed on Monday that it would cut its workforce by nearly 25%.

Mon, 08 Jun 2020 10:19:52 GMT

Tesla triples sales in China

On Monday, Tesla announced that in May the company tripled Model 3 car sales in China compared to April.

Mon, 08 Jun 2020 09:18:31 GMT

AstraZeneca shares fall 2.1% on Monday

On Monday, shares in UK's AstraZeneca were down 2.1% after a report that the firm had approached its US rival Gilead Sciences about a potential merger with the intention to form the world's biggest drug company.

Mon, 08 Jun 2020 08:34:47 GMT

Service sector sentiment of Japan rises in May

Japan service sector sentiment surged 7.6 points in May, although the coronavirus crisis continues to impact firms' business confidence, according to a Cabinet Office survey.

Mon, 08 Jun 2020 07:39:02 GMT

Ericsson to take $108.8M hit in Q2

Ericsson's Q2 results are set to take a nearly $108.8M hit due to asset write-downs in China's market, the company announced on Monday.

Mon, 08 Jun 2020 06:39:53 GMT

Didi Chuxing sees ride sharing orders recovering

China's Didi Chuxing reported its ride-sharing orders are recovering tis month to the last year's lever, CEO Cheng Wei cpnfirmed.

Mon, 08 Jun 2020 05:01:31 GMT

AstraZeneca contacts Gilead about merger

According to the Bloomberg News report, AstraZeneca has approached Gilead Sciences about a possible merger agreement.

Mon, 08 Jun 2020 04:02:09 GMT

Etihad and Emirates Airlines prolong salary cuts

Etihad and Emirates Airlines are extending their 50% salary cuts for staffs until September in a bid to preserve cash during the COVID-19 crisis.

Mon, 08 Jun 2020 03:00:28 GMT

Rosneft to maintain dividend policy

On Sunday, the Russian state-owned oil company Rosneft said that it planned to maintain the dividend policy, despite the state holding company lowering its direct stake to 40.4%.

Mon, 08 Jun 2020 01:46:12 GMT

Australia to prolong financial support for airlines

On Sunday, the Australian Deputy Prime Minister and Transport Minister Michael McCormack said that the government would continue to support airlines for domestic flights until September.

Sun, 07 Jun 2020 20:31:57 GMT

France confirms space exploration target

The French government announced on Sunday that it would invest one billion Euros in an aerospace fund.

Sun, 07 Jun 2020 18:43:08 GMT

Abu Dhabi Investment Authority invests in India

On Sunday, Reliance announced that the Abu Dhabi Investment Authority has invested $752 million in its digital unit.

Sun, 07 Jun 2020 18:30:46 GMT

Airlines comment on UK quarantine

British Airways, easyJet and Ryanair announced on Sunday that the current UK government quarantine plan is unjustified and disproportionate.

Sun, 07 Jun 2020 16:45:27 GMT

AstraZeneca attempted Gilead buyout

On Sunday, Bloomberg News revealed that AstraZeneca contacted Gilead about a possible merger.

Sun, 07 Jun 2020 15:50:22 GMT

Malaysia reopens economy

Malaysian government announced on Sunday that it would reopen almost all economic activity and interstate travel.

Sun, 07 Jun 2020 15:05:32 GMT

Holzmann comments on ECB policy

On Sunday, the European Central Bank Governing Council member Robert Holzmann stated that the ECB could consider buying company shares.

Sun, 07 Jun 2020 13:40:26 GMT

Rosneft comments on dividends

Rosneft announced on Sunday that despite recent developments in the global markets, the company would keep its dividend pay-outs unchanged.

Sun, 07 Jun 2020 13:18:01 GMT

Jaguar Land Rover takes out loan

On Sunday, it was revealed by Jaguar Land Rover that the company loaned $705 million from Chinese banks.

Sun, 07 Jun 2020 11:45:58 GMT

OPEC+, Russia agree on oil cuts extension

Russia, OPEC and their allies agreed on extension of the oil output cuts until the July-end, prolonging their deal that drove crude prices twice as high as in the last two months, following a global supplies withdrawal of nearly 10% from the market.

Sun, 07 Jun 2020 10:44:22 GMT

Reddit co-founder Ohanian steps down from board

Alexis Ohanian, the Reddit co-founder, has resigned from the company's board earlier this week, seeking to be succeeded by a black candidate.

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