News

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Sat, 06 Mar 2021 15:02:25 GMT

China targets 6% growth in 2021

China wants the economy to expand over 6% in 2021 after a slowdown in 2020 caused by the COVID-19 pandemic, China's Premier Li Keqiang says.

Sat, 06 Mar 2021 14:36:14 GMT

China's home prices increase

According to the China Index Academy, the house prices in major Chinese cities increased 0.2% in February.

Sat, 06 Mar 2021 13:33:28 GMT

China approves four sci-tech IPOs

The China Securities Regulatory Commission approved on Friday IPOs of four sci-tech companies on the Shanghai Stock Exchange.

Sat, 06 Mar 2021 12:36:26 GMT

John McAfee faces fraud charges

The US Justice Department of Friday filed charges against John McAfee accusing him of fraud with cryptocurrencies.

Sat, 06 Mar 2021 11:35:07 GMT

Yellen sees signs of recovery

The US Treasury Secretary Janet Yellen stated on Friday that higher Treasury yields represented sign of economy's recovery, not inflation.

Sat, 06 Mar 2021 10:28:47 GMT

US SEC sues AT&T Inc

On Friday, the US Securities and Exchange Commission started a court case against AT&T Inc over information leaking to analysts.

Sat, 06 Mar 2021 09:29:34 GMT

US adds 379,000 jobs in February

US employers hired 379,000 employees in February while the unemployment rate remained unchanged at 6.2%, data published by the Labor Department show.

Sat, 06 Mar 2021 08:12:47 GMT

EU, US to suspend tariffs over Boeing-Airbus dispute

The EU and the US have agreed to temporarily suspend tariffs imposed over the Boeing-Airbus illegal subsidies dispute, the European Commission President Ursula von der Leyen says.

Sat, 06 Mar 2021 07:34:21 GMT

Russia expects inflation to peak in March

The Russian Ministry of Economic Development expects inflation to peak in March and gradually decline in the following months, a report published by the ministry shows.

Sat, 06 Mar 2021 06:02:42 GMT

ByteDance working on Clubhouse-like app for China

According to sources with knowledge of the matter, the Chinese ByteDance is developing a Clubhouse-like app for China.

Sat, 06 Mar 2021 05:09:03 GMT

Goldman's traders poised to make $200M profit

As reported by Bloomberg News on Friday, Goldman Sachs Group's traders are poised to make about $200 million off Texas deep freeze.

Sat, 06 Mar 2021 03:58:50 GMT

Goldman's traders poised to make $200M profit

As reported by Bloomberg News on Friday, traders at Goldman Sachs are poised to make about $200 million off Texas deep freeze.

Sat, 06 Mar 2021 02:23:23 GMT

Deese reacts to US jobs report

On Friday, the US National Economic Council Director Brian Deese told CNBC that the unevenness of the US employment crisis persists and that much remained to be done in the jobs recovery.

Fri, 05 Mar 2021 20:46:10 GMT

US economy adds 379K jobs in February

The US economy added a whopping 379,000 jobs in February, while the unemployment rate fell to 6.2%, data showed on Friday.

Fri, 05 Mar 2021 19:52:08 GMT

Crude oil prices jump more than 3%

On Friday, crude oil prices edged higher over 3%. Brent crude futures were up by 3.3% to $68.97 per barrel at 14:41 GMT, while the US West Texas Intermediate crude futures rose by 3.1% to $65.83.

Fri, 05 Mar 2021 19:00:51 GMT

S&P 500 edges higher

The S&P 500 opened higher on Friday after data showed that the US jobs growth beat expectations in February.

Fri, 05 Mar 2021 17:54:27 GMT

Dollar index edges higher

On Friday, the dollar index jumped as high as 92.201 after economic data showed that the US jobs growth surged by 379,000 in February.

Fri, 05 Mar 2021 16:47:47 GMT

ByteDance working on Clubhouse-like app

China's ByteDance is developing a Clubhouse-like app for Chinese customers on the back of the US audio chat service success across the world.

Fri, 05 Mar 2021 16:27:25 GMT

Dassault to reveal new business jet's details

Dassault Aviation is planning to deliver its Falcon 6X business aircraft at the 2022-end, as well as make an announcement about Future Falcon, the planemaker's CEO said on Friday.

Fri, 05 Mar 2021 15:00:08 GMT

Instacart seeks direct listing instead of IPO

Instacart, the US grocery delivery app, is planning to go public via a direct listing, avoiding a traditional way of a public listing through an initial public offering, Reuters reported on Friday.

Fri, 05 Mar 2021 14:17:46 GMT

Reddit names Vollero as CFO

On Friday, the social media platform Reddit announced it had named Snap's veteran Drew Vollero as the company's chief financial officer.

Fri, 05 Mar 2021 13:26:13 GMT

UBS starts appeal against €4.5B tax case

Swiss bank UBS is set to launch on Monday its appeal against the record €4.5B penalty levied by France's court for alleged help to its wealthy clients to conceal undeclared assets offshore.

Fri, 05 Mar 2021 12:35:43 GMT

VW core brand to speed up EV shift

Volkswagen's core brand is planning to over double the share electric cars have in total EU sales by 2030, seeking to speed up the automaker's shift towards green vehicles.

Fri, 05 Mar 2021 10:55:54 GMT

Oil reaches record high

During Friday's European trading hours, crude oil price benchmarks continued their surge, as 14-month high levels were reached.

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