News

Note: This section contains information in English only.
Thu, 01 Oct 2020 10:45:51 GMT

French PMI back to growth

According to IHS Markit, French September PMI rose to 51.2 from 49.8 reading the previous month, signalling an improvement in the manufacturing sector despite a surge in the coronavirus cases.

Thu, 01 Oct 2020 09:45:12 GMT

UK and EU fail at negotiations

On Thursday, the EU and UK trade agreement negotiators announced that they had failed at agreeing upon the matter of state aid. The announcement caused a one percent drop of the Pound.

Thu, 01 Oct 2020 08:59:50 GMT

Hyundai's September US sales jump 5%

Hyundai Motor reported on Thursday its sales surged 5% in the United States last month, driven by a rapid demand recovery for the South Korean automaker's high-profit SUVs.

Thu, 01 Oct 2020 07:49:40 GMT

Tesla trims initial price for Model 3 cars

On Thursday, Tesla, the US electric vehicle maker, has reduced its starting price of the Model 3 sedans made in China by nearly 8% to $36,805, after China's subsidies for EVs were taken into account.

Thu, 01 Oct 2020 06:51:12 GMT

Tokyo SE halts trade amid system glitch

On Thursday, Tokyo Stock Exchange has suspended its full day-trade due to the worst-ever glitch in the stock marker's electronic trading system that triggered a major outage.

Thu, 01 Oct 2020 06:36:46 GMT

Disney plans major US layoffs

Walt Disney is set to lay off around 28K employees at its theme parks in the United States amid the coronavirus hit, the company announced.

Thu, 01 Oct 2020 04:49:19 GMT

HP to pay $6M fine

HP Inc agreed to pay a $6M fine to settle US SEC charges, as it misled investors by failing to reveal the effect of sales practices used to meet earnings and sales targets.

Thu, 01 Oct 2020 03:49:53 GMT

Bayer announces €1.2B cost-cutting plan

German company Bayer AG announced plans for more than €1.2B cost cuts until 2024 and stated that it is set to take impairment charges over its agricultural business.

Thu, 01 Oct 2020 03:38:32 GMT

NTT, Jaguar cooperate with tech group IOTA

IOTA teamed up with corporations, such as NTT Data and Jaguar Land Rover, in the launch of software, which would grant users remote control of appliances, cars and other items.

Wed, 30 Sep 2020 20:48:34 GMT

Rolls-Royce plans to raise £2B

Rolls-Royce Holdings is expected to announce plans to raise around £2B from investors, in a bid to strengthen the company's balance sheet.

Wed, 30 Sep 2020 19:43:32 GMT

US Dollar surges

During Wednesday's US trading hours, the US Dollar gained value. The event was attributed to US GDP data.

Wed, 30 Sep 2020 19:10:57 GMT

US stock prices surge

On Wednesday, US stock indices surged, as buying was caused by a rise in tech and industrial stock prices.

Wed, 30 Sep 2020 17:43:50 GMT

Caesars to acquire William Hill

Caesars Entertainment is planning to take over the UK-based gambling firm William Hill in a deal valued at £2.9B, seeking expansion in the American sports-betting market.

Wed, 30 Sep 2020 16:45:42 GMT

Pound rises 100 pips against Dollar

The Pound jumped by 100 pips against the US Dollar in less than two hours on Wednesday ahead of the planned conference with the British PM Boris Johnson.

Wed, 30 Sep 2020 15:46:20 GMT

VW to announce major strategic steps

Volkswagen is set to announce new important strategic steps it is planning to make this year, CEO Herbert Diess stated on Wednesday.

Wed, 30 Sep 2020 13:56:47 GMT

SEAT sees September sales to top forecasts

Volkswagen's SEAT is expecting its September sales to top the results of the same period last year, the Spanish carmaker's incoming chairman said to Reuters.

Wed, 30 Sep 2020 13:41:03 GMT

Tesla to launch Model 3 cars with LFP batteries

Tesla, the US electric carmaker, has launched its Model 3 cars manufactured in China with cobalt-free LFP batteries, Reuters reported on Wednesday.

Wed, 30 Sep 2020 13:13:59 GMT

Shell plans 9K job cuts

On Wednesday, Royal Dutch Shell revealed its plans to trim up to 9K job positions, which is more than 10% of the company's workforce amid its low-carbon energy transition plan.

Wed, 30 Sep 2020 11:45:56 GMT

EU seeks to force big tech firms to share data

The EU is drafting rules to force large technology groups to share data of their customer with smaller competitors, according to the Financial Times report published on Wednesday.

Wed, 30 Sep 2020 11:05:53 GMT

Caesars plans William Hill takeover

On Wednesday, Caesars Entertainment, the US casino operator, agreed to acquire William Hill, the UK-based gambling group, in a deal worth £2.9B amid its expansion plans in the rapidly-growing US sports-betting market.

Wed, 30 Sep 2020 09:35:51 GMT

Lagarde prepares ECB overhaul

On Wednesday, the President of the European Central Bank Christine Lagarde revealed that a review of ECB policy.

Wed, 30 Sep 2020 09:07:01 GMT

Alibaba cloud unit sees profitability via FY2021

Alibaba's cloud division is expecting profitability within FY2021, a senior executive of the Chinese tech giant said on Wednesday.

Wed, 30 Sep 2020 08:25:15 GMT

General Atlantic plans investment in Reliance's unit

On Wednesday, India's Reliance Industries announced that General Atlantic, the private equity firm, is planning to make an investment worth $498.31M in its retail division, sending the company's shares up 1%.

Wed, 30 Sep 2020 06:46:30 GMT

Disney plans 28K layoffs in theme parks

Walt Disney is planning to lay off about 28,000 employees at the company's US theme parks due to the coronavirus pandemic's hit.

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