News

Note: This section contains information in English only.
Wed, 21 Oct 2020 08:12:59 GMT

Snap shares soar on higher results

Snap's shares surged as much as 23% on Tuesday following the Snapchat owner's report of beating revenue and user growth forecasts amid rising demand during the pandemic.

Wed, 21 Oct 2020 07:04:59 GMT

Netflix adds less subscribers than expected

Netflix reported it had added 2.2M paid subscribers globally, missing Wall Street's estimates for 3.4M users and marking the weakest gains in the last four years amid rising streaming competition.

Wed, 21 Oct 2020 06:37:22 GMT

Nestle lifts guidance on Q3 sales results

Nestle raised its 2020 guidance for organic sales growth to about 3% after topping the Q3 estimates on Wednesday, reporting a 4.9% growth boosted by higher demand for health products and pet food.

Wed, 21 Oct 2020 05:14:00 GMT

GM to spend $2B to build EV plant in Tennessee

On Tuesday, General Motors announced that it would invest $2B to build electric vehicles factory in Tennessee.

Wed, 21 Oct 2020 04:03:15 GMT

Brazil expects to join OECD

The Brazilian Economy Minister Paulo Guedes stated on Tuesday that Brazil is about to join the Organization for Economic Cooperation and Development in one year.

Wed, 21 Oct 2020 03:01:28 GMT

Spain considers new COVID-19 restrictions

Spain is thinking to impose a second COVID-19 lockdown to tackle the recent spike in coronavirus cases, the Spanish Health Minister Salvador Illa stated on Tuesday.

Tue, 20 Oct 2020 20:53:33 GMT

US files antitrust lawsuit against Google

On Tuesday, the US Justice Department and 11 states have filed an antitrust lawsuit against Google for allegedly using its market power to fend off competitors.

Tue, 20 Oct 2020 20:18:32 GMT

GM to invest $2B to build EV in Tennessee

General Motors announced that it will invest $2B to convert its Tennessee factory to produce electric cars, starting with the new Cadillac Lyriq.

Tue, 20 Oct 2020 19:05:24 GMT

Nokia seeks to block Lenovo's German sales

Nokia sought to put into effect an interdict against Lenovo to block sales of the biggest PC maker's products in Germany after the violation of video encoding patent.

Tue, 20 Oct 2020 17:49:48 GMT

Wall Street supports Intel NAND sale to Hynix

Intel's $9B sale of the NAND memory chip unit is expected to help to focus on core business in higher-margin processors after the deal with Hynix, Wall Street analysts revealed.

Tue, 20 Oct 2020 16:47:12 GMT

Telefonica, Allianz team up for €5B investment

Spain's telecom major Telefonica is expected to partner with German insurer Allianz to fund a €5B infrastructure investment in Germany.

Tue, 20 Oct 2020 15:42:21 GMT

Swiss EV maker hires former CEO of VW

Swiss electric vehicle start-up Piëch Automotive AG appointed the former CEO of Porsche and Volkswagen Matthias Mueller as the company's new chairman.

Tue, 20 Oct 2020 15:12:28 GMT

Sweden bans ZTE, Huawei from 5G networks

Sweden banned over security grounds the use of equipment from China's ZTE and Huawei in its 5G network ahead of the spectrum auction next month.

Tue, 20 Oct 2020 14:23:35 GMT

Cathay Pacific to trim 6K jobs

Cathay Pacific Airways is set to cut about 6K jobs, which is 18% of the carrier's workforce, and axe Cathay Dragon, its regional brand, as part of its battling programme with the coronavirus pandemic.

Tue, 20 Oct 2020 13:14:16 GMT

Microsoft, SpaceX aim at space customers

Microsoft has partnered with Elon Musk's SpaceX with intention to target space customers, according to the Wall Street Journal's report seen on Tuesday.

Tue, 20 Oct 2020 11:56:18 GMT

P&G lifts annual profit, sales outlook

On Tuesday, Procter & Gamble has raised its full-year profit and sales forecast amid surging demand for the company's Tide detergent, Bounty paper towels and other cleaning products during the pandemic.

Tue, 20 Oct 2020 11:24:25 GMT

Logitech shares rise on higher demand

On Tuesday, shares of Logitech International surged over 18% amid a big rise in its Q2 profit results as well as higher demand for its products due to higher demand for remote work.

Tue, 20 Oct 2020 09:41:04 GMT

Oil prices decline

During Tuesday's European trading hours, crude oil prices declined, as the expectations of a drop in demand outweighed OPEC+ measures.

Tue, 20 Oct 2020 09:03:18 GMT

Tesla Q3 California registrations fall 13%

Tesla's car registrations in California plunged as much as 13% in its Q3 compared with the prior year, the data firm Cross-Sell reported on Tuesday.

Tue, 20 Oct 2020 07:47:49 GMT

UBS Q3 profit doubles

On Tuesday, UBS reported a 99% surge in its Q3 profit, driven by global markets' heavy turnover, boosting the bank's performance in investment banking.

Tue, 20 Oct 2020 07:35:43 GMT

Didi explores 2021 Hong Kong IPO

Didi Chuxing, the Chinese top ride-hailing company, is exploring a potential multibillion-dollar IPO in Hong Kong next year, reconsidering previous plans to list on NYSE due to rising Sino-US tension.

Tue, 20 Oct 2020 06:35:58 GMT

SK Hynix to acquire Intel's NAND

South Korea's SK Hynrix is set to acquire Intel Corp;s ]NAND memory chip unit in the all-cash deal worth $9B, the companies announced on Tuesday.

Tue, 20 Oct 2020 05:30:29 GMT

OPEC makes announcement

OPEC+ revealed on Monday that the union of oil producers would support the oil market despite a second coronavirus wave.

Tue, 20 Oct 2020 04:31:04 GMT

CVS hires news workers

On Monday, US pharmacy CVS Health Corp announced that it would hire additional 15,000 workers.

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