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US budget hits new record
Tue, 13 Apr 2021 05:00:06 GMT
 
On Monday, the US government announced that the US budget deficit had reached a record high in March of 2021. >>
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Rosengren comments on economy
Tue, 13 Apr 2021 04:00:09 GMT
 
The President of the Boston Federal Reserve Bank Eric Rosengren stated on Monday that the US economy would experience a rebound in 2021. >>
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Air France-KLM issue shares
Tue, 13 Apr 2021 03:00:09 GMT
 
On Monday, Air France-KLM announced that it would raise $1.2 billion in new equity to handle the coronavirus crisis. >>
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US consumer sentiment improves
Mon, 12 Apr 2021 20:00:08 GMT
 
US consumers are more optimistic about the labour market and expect higher inflation, a survey released by the Federal Reserve Bank of New York shows. >>
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Intel produces auto chips
Mon, 12 Apr 2021 19:15:06 GMT
 
Intel announced on Monday, that it would start the production of auto chips in six to nine months. >>
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Microsoft to buy Nuance Communications
Mon, 12 Apr 2021 19:00:06 GMT
 
Microsoft plans to purchase artificial intelligence company Nuance Communications for about $16B in cash, the Microsoft CEO Satya Nadella says. >>
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Samsung to supply battery cells to Rivian
Mon, 12 Apr 2021 18:00:06 GMT
 
Electric vehicle producer Rivian, backed by Amazon and Ford, plans to use battery cells produced by the South Korean manufacturer Samsung in its vehicles. >>
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China new bank loans increase
Mon, 12 Apr 2021 17:25:53 GMT
 
New bank loans in China increased by more than expected to $416.62B in March from $210B in February, data released by the People's Bank of China show. >>
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China extends crackdown on Ant Group
Mon, 12 Apr 2021 16:34:07 GMT
 
The crackdown on Ant Group directed by the Central Bank of China subjects the company to tougher capital requirements and regulatory oversight and requires it to remove links between Alipay >>
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Biden infrastructure plan assigns $50B for chip research, manufacturing
Mon, 12 Apr 2021 15:30:38 GMT
 
The US President Joe Biden's $2 trillion infrastructure plan includes $50B for semiconductor research and production, the White House reports. >>
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Smartphone shipments to China surge
Mon, 12 Apr 2021 14:00:10 GMT
 
On Monday, it was revealed by the Chinese government that smartphone shipments to China had increased by 67.7% on an annual basis. >>
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Prices rise in Japan
Mon, 12 Apr 2021 13:00:08 GMT
 
In March, for the first time in a year Japanese wholesale prices increased. The event signals that an economic recovery might have started. >>
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ECB comments on credit
Mon, 12 Apr 2021 12:00:06 GMT
 
On Monday, the ECB revealed that in the fourth quarter of 2020 bad loans in the euro zone had reached a record low level, which signals that lenders are avoiding >>
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White House addresses chip shortage
Mon, 12 Apr 2021 11:00:07 GMT
 
The US government announced on Monday that it would meet with heads of 20 companies to discuss the global semiconductor shortage. >>
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Alibaba shares recover
Mon, 12 Apr 2021 10:24:54 GMT
 
On Monday, the shares of Alibaba recovered despite the $2.75 billion anti-trust fine, as the company announced that it does not expect it to impact the company. >>
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