News

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Sat, 07 Nov 2020 11:36:29 GMT

Erdogan fires head of central bank

The Turkish President Tayyip Erdogan fired on Saturday the head of the country's central bank, Murat Uysal, amid the 30% Lira's drop.

Sat, 07 Nov 2020 10:35:56 GMT

Alphabet to go to federal court

Alphabet Inc stated on Saturday that it would not try to dismiss the US Justice Department $1T lawsuit but would challenge it in a federal court.

Sat, 07 Nov 2020 09:35:33 GMT

US employment rate growth slows

According to the US Labor Department, nonfarm payrolls rose by 638,000 jobs in October, which is the lowest number in last five months.

Sat, 07 Nov 2020 07:41:00 GMT

Biden comments on election

On Saturday, the Democrat Presidential Candidate Joe Biden stated that he would win the US presidency.

Sat, 07 Nov 2020 07:30:26 GMT

Chinese exports grow

On Saturday, Chinese officials announced that exports of the country had increased due to a global economic recovery.

Sat, 07 Nov 2020 05:50:32 GMT

UK's Johnson hopes for EU trade deal

Britain's Prime Minister Boris Johnson said he hoped that UK and European Union would be able to agree on the post-Brexit trade deal, but added that Britain was fully ready if final-stage negotiations did not succeed.

Sat, 07 Nov 2020 05:04:29 GMT

FCA, PSA win merger approval from Brazil

PSA Group and Fiat Chrysler have won an approval from the Brazilian competition watchdog for the planned merger worth $38B, according to regulator's filing.

Sat, 07 Nov 2020 03:48:05 GMT

CVS Health head Merlo to resign in 2021

CVS Health Corp's CEO Larry Merlo is set to step down from his post next year after a decade of his leadership during which Merlo led the $69B worth acquisition of Aetna, one of the oldest US health insurer.

Fri, 06 Nov 2020 22:07:14 GMT

Republicans seek raising $60M for Trump legal challenges

Republicans are seeking to raise at least $60M to fund the President Donald Trump's legal challenges over the US presidential election's results, Reuters reported.

Fri, 06 Nov 2020 20:41:30 GMT

Tesla rolls out $250 Tequila

On Friday, Tesla's CEO Elon Musk has launched its Tesla Tequila at the price of $250 per bottle, with the special drink to be available only in the selected US states, including Wahington, New York and California.

Fri, 06 Nov 2020 19:51:32 GMT

Uber views slowest recovery of US ride business

Uber Technologies is expecting the slowest recovery of the ride business in its local US market, even as its food-delivery service demand exploded in the Q3.

Fri, 06 Nov 2020 18:55:07 GMT

Pony.ai attracts $267M in latest funding round

On Friday, Toyota Motor-backed start-up Pony.ai stated it had raised $267M in its latest round of funding, valuing the self-driving company at $5.3B, as it aims to expand its footprint in China and the United States.

Fri, 06 Nov 2020 17:41:11 GMT

GM to bolster EV spending

General Motors CEO Mary Barra announced plans to boost capital spending during the following three years, seeking to accelerate the development of electric cars, funded by expanded manufacturing of the high-profit pickup trucks.

Fri, 06 Nov 2020 16:41:38 GMT

Canada adds over 83K jobs last month

Canada added 83,600 new jobs in October, missing analysts' forecasts, while the unemployment rate declined to 8.9%, according to the Statistics Canada data released on Friday.

Fri, 06 Nov 2020 15:42:58 GMT

Lufthansa likely to seek more money in 2021

Germany's government considers that Lufthansa could seek more money in 2021, according to Der Spiegel magazine's report published on Friday, while the government dismissed it as "speculation".

Fri, 06 Nov 2020 15:16:36 GMT

US jobless rate slides in October

The unemployment rate in October dropped to 6.9% from the 7.9% reading the previous month, while non-farm payrolls increased by 638K after surging by 672K in September.

Fri, 06 Nov 2020 14:14:58 GMT

France hopes for Biden win

France said it was expecting smoother trade ties with the US in case of the Democrat Joe Biden's triumph, with more multilateral cooperation and better alignment over sustainable development.

Fri, 06 Nov 2020 13:30:45 GMT

Ant's IPO halt seen to safeguard interests

China's Central Bank stated on Friday that the decision on Ant Group's planned IPO suspension had been well considered to safeguard the financial consumer and investor interests.

Fri, 06 Nov 2020 12:30:52 GMT

ViacomCBS tops Q3 revenue forecasts

On Friday, ViacomCBS reported it had beat analysts' expectations for its Q3 revenue on higher demand for the Showtime and CBS All Access streaming services, which partially offset the ad sales decline.

Fri, 06 Nov 2020 11:09:20 GMT

BoJ comments on global currencies

On Friday, the Board Member of the Bank of Japan Makoto Sakurai stated that coordination between the global central banks has kept the Forex market stable.

Fri, 06 Nov 2020 10:04:54 GMT

Stocks mixed amid US election outcome uncertainty

On Friday, global stocks changed a little but were still near their record high while US bond yields and US dollar stayed sluggish due to uncertainty of the Presidential Election's outcome.

Fri, 06 Nov 2020 08:41:29 GMT

UK launches bribery probe into Bombardier

The British Serious Fraud Office launched an investigation into Bombardier, the Canadian industrial group, over alleged bribery in jet sales to Garuda Indonesia, Reuters reported.

Fri, 06 Nov 2020 07:43:15 GMT

Allianz reports 6% surge in Q3 net profit

On Friday, the German insurer Allianz reported an unexpected 6% surge in its Q3 net profit compared to the prior year, despite pandemic pressure on business.

Fri, 06 Nov 2020 06:44:50 GMT

Apple faces lawsuit

On Thursday, Apple was ordered to face a lawsuit against its shareholders due to concealing a decline in demand for iPhones in China.

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