News

Sat, 17 Aug 2019 06:32:08 GMT

US judge pressures SEC

On Friday, it was announced that a Federal Judge from California has been pressuring the SEC and Volkswagen to resolve the civil case that was caused by the Dieselgate scandal.

Sat, 17 Aug 2019 04:40:08 GMT

Canada awards General Dynamics with large contract

On Friday, the Canadian government announced that it has awarded a multi-billion contract to General Dynamics. The announcement caused a surge of the company's stock price.

Sat, 17 Aug 2019 04:31:09 GMT

Argentinian Peso recovers on Friday

During the Friday's trading session, the Argentinian Peso managed to recover against the USD by 4.36% after the previously experienced free fall.

Sat, 17 Aug 2019 02:40:40 GMT

USD remains flat

On Friday, the week's trading was ended by the US Dollar by trading flat. The currency could not gain ground due to worries that another Federal Reserve rate cut could occur in September.

Sat, 17 Aug 2019 02:31:28 GMT

Wall Street ends week by surging

On Friday, the US trading session ended with a surge. US stock indices surged more than 1.2%.

Fri, 16 Aug 2019 20:19:48 GMT

Samsung Display to suspend output at LCD plant

South Korea's panel producer Samsung Display stated that it was considering suspending one of LCD production lines in hte country amid a supply glut.

Fri, 16 Aug 2019 19:00:42 GMT

EZ international trade of goods in surplus in June

The Euro zone recorded a $22.8B surplus in trade of goods with the rest of the world's countries in June, falling 8% from $25.1B of June last year, Eurostat stated.

Fri, 16 Aug 2019 17:52:56 GMT

President of Mexico: rate cut to support economy

The President of Mexico Andres Manuel Lopez Obrador stated that while the country faced its difficult economic environment, current week's interest rate change is likely to stimulate the economy.

Fri, 16 Aug 2019 17:20:27 GMT

US housimg starts fall 4%

The US homebuilding declined 4.0% to an adjusted yearly rate of 1.19M units in July, falling for a third month in sucession due to a steep decline in the multi-family housing units' constructio.

Fri, 16 Aug 2019 16:33:12 GMT

Nextmove cancels order for Tesla cars

Germany's car rental company Nextmove cancelled the bulk of a 100-car order from Tesla worth €5M due to quality problems with the Model 3, it stated on Friday.

Fri, 16 Aug 2019 14:50:30 GMT

Alibaba to acquire Kaola unit

Alibaba Group Holding agreed to pay $2B in cash to acquire China's e-commerce company Kaola, owned by NetEase Inc, which sells household appliances, apparel and other products.

Fri, 16 Aug 2019 13:48:24 GMT

Freenet threatens to scrap Sunrise-UPC deal

On Friday, Freenet, the German telecoms group, has urged to amend the terms and trim the price of the Sunrise Communication's proposed $6.4B acquisition of the Liberty Global's Swiss unit UPC, according to Reuters.

Fri, 16 Aug 2019 13:39:19 GMT

Nvidia revenue beats estimates amid video gaming, auto units

Nvidia Corp reported better-than-expected results for its revenue, which fell 17% in the fiscal Q2, boosted by the strength in the company's video gaming and auto units.

Fri, 16 Aug 2019 11:44:54 GMT

Apple responsible for 2.4M US jobs

Apple has announced this week it was responsible for 2.4M US job, directly or indirectly, which is by 20% more than 2M that the tech giant estimated in 2017.

Fri, 16 Aug 2019 11:27:15 GMT

Turkish military fund to take over British Steel

On Friday, OYAK, the Turkish military pension fund, announced it had reached an agreement to acquire British Steel, adding it would seek the acquisition to be completed by the year-end.

Fri, 16 Aug 2019 09:50:58 GMT

Stock indices surge during European trading

On Friday, during the European trading session stock indices surged. The move was attributed to a general bullish sentiment caused by China's announcement of economic stimulus.

Fri, 16 Aug 2019 09:36:32 GMT

Hong Kong Q2 GDP grows 0.5% year-over-year

Hong Kong's second-quarter GDP grew 0.5% year-on-year, the government reported on Friday, slightly less than estimated; however, the escalating US-Sino trade war is raising concerns about a possible recession.

Fri, 16 Aug 2019 07:50:34 GMT

Instagram tolls out new tool to flag fake information

Instagram has rolled out a new tool for users allowing them to flag false information in the posts, as the Facebook-owned photo-sharing site makes efforts to stem misinformation or abuses on the platform.

Fri, 16 Aug 2019 06:44:21 GMT

Revlon picks Goldman to consider strategic options

The cosmetics maker Revlon has selected Goldman Sachs Group to explore possible business options, sending its shares up 15% on the news, Bloomberg reported.

Fri, 16 Aug 2019 06:29:55 GMT

Oil surges as US retail sales ease recession concerns

On Friday, crude oil prices surged following two-day slumps, boosted after the data showing a rise in the US retail sales eased concerns about a possible recession in the world's largest economy.

Fri, 16 Aug 2019 05:05:37 GMT

China's civil aviation shows stable growth

According to a report published by the Civil Aviation Administration of China, the country's civil aviation sector has shown 7.7% year-over-year growth.

Fri, 16 Aug 2019 04:10:11 GMT

US works on a trade deal with UK

The US President Donald Trump stated on Friday that the US and Britain have achieved a considerable progress in negotiations on a new trade deal.

Fri, 16 Aug 2019 02:41:55 GMT

Walmart's earnings above estimates in Q2

The US retailer Walmart reported strong Q2 results, as earning per share grew to $1.27 per share against $1.22 expected, and raised earnings projection for the year, sidestepping concerns over consumer demand in the wake of trade war.

Fri, 16 Aug 2019 02:35:41 GMT

Mondelez, Kraft to pay $16M in manipulation case

The US Commodity Futures Trading Commission stated that Kraft Heinz and Mondelez International will have to pay $16M worth penalty for the wheat manipulation case dating back to 2015.

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