News

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Wed, 16 Sep 2020 08:08:15 GMT

US lawmakers voice skepticism about TikTok-Oracle deal

The US lawmakers from both the Republican and the Democratic Parties raised questions about the proposed Bytedance and Oracle deal.

Wed, 16 Sep 2020 07:21:23 GMT

Trump to approve TikTok and Oracle deal

According to the CNBC report published on Tuesday, ByteDance's TikTok and Oracle Corp partnership deal would get the US President Donald Trump approval.

Wed, 16 Sep 2020 06:59:34 GMT

Asian shares edge higher

Asian shares edged higher on Wednesday, stretching a surge pushed by upbeat economic data from the United States and China.

Wed, 16 Sep 2020 06:01:22 GMT

Bahrain, UAE sign deals to normalize ties with Israel

On Tuesday, the US President Donald Trump hosted Bahrain and the United Arab Emirates to sign normalization accords with Israel in the White House.

Wed, 16 Sep 2020 05:04:37 GMT

Steel prices set to keep rising

Steel prices are likely to keep rising during the following months, as several steel mills are resuming operations after being suspended due to the coronavirus pandemic.

Wed, 16 Sep 2020 04:01:45 GMT

Goldman Sachs appoints co-heads

According to an employee memo seen by Reuters, Goldman Sachs has appointed Anthony Gutman and Gonzalo García, as co-heads of EMEA investment banking unit.

Wed, 16 Sep 2020 03:00:18 GMT

PSA and Fiat Chrysler revise merger terms

Fiat Chrysler and Peugeot producer PSA have amended the terms of the proposed merger agreement to preserve cash.

Wed, 16 Sep 2020 01:44:13 GMT

US median household income increases

According to data from the US Census Bureau, the US median household income increased by 6.8% in 2019, while the nation's poverty rate fell last year to 10.5%.

Tue, 15 Sep 2020 19:43:43 GMT

TikTok to turn into standalone US firm

ByteDance is set to place TikTok's global business in a new firm headquartered in the US with Oracle as an investor with minority ownership, the FT reported.

Tue, 15 Sep 2020 19:11:59 GMT

Kraft Heinz sells part of business to Lactalis

Kraft Heinz announced that it would sell natural cheese business to Lactalis for $3.2B, overhaul supply chain and increase its marketing budget.

Tue, 15 Sep 2020 17:49:51 GMT

Brazil keeps GDP forecast at -4.7%

On Tuesday, the Brazilian government kept its 2020 and 2021 gross domestic product forecasts at -4.70%.

Tue, 15 Sep 2020 16:51:20 GMT

Delta Airlines to avoid involuntary furloughs

Ed Bastian, the Chief Executive Officer of Delta Airlines, said on Tuesday that the company would avoid involuntary job cuts for frontline workers.

Tue, 15 Sep 2020 15:54:44 GMT

Crude oil prices jump on Tuesday

Crude oil prices edged higher on Tuesday, Brent crude futures were up by 1%, at $40.02 a barrel at 13:41 GMT, while the US WTI crude futures were up by 1.3%, at $37.73 per barrel.

Tue, 15 Sep 2020 15:00:36 GMT

Tesla shares edge higher

Tesla Inc's shares were up by 4.4% at $437.89 in early trading on Tuesday, boosted by anticipation of the company's Battery Day next week.

Tue, 15 Sep 2020 13:57:10 GMT

ECB is not happy with results

On Tuesday, the ECB Member of the Board Fabio Panetta stated that the ECB was not fully satisfied with its stimulus measures.

Tue, 15 Sep 2020 12:47:20 GMT

IEA comments on oil demand

The International Energy Agency announced on 2020 that it would decrease its 2020 forecast for oil demand.

Tue, 15 Sep 2020 11:41:40 GMT

Apple reveals new lineup

On Tuesday, Apple Inc was set to reveal new updates to the company's key products in an online event at 17:00 GMT.

Tue, 15 Sep 2020 10:41:42 GMT

H&M recovers after slump

The world's second largest fashion retail company H&M on Tuesday beat its quarterly profit forecast, which caused a surge of the company's stock.

Tue, 15 Sep 2020 09:43:05 GMT

UK jobless rate rises

Data released on Tuesday revealed that the UK jobless rate had risen from 3.9% to 4.1% from April to July.

Tue, 15 Sep 2020 08:41:46 GMT

Japan approves $15.51B emergency budget reserves

Japan's government approved $15.51 billion budget reserve spending for COVID-19 measures, the Japanese Finance Ministry announced on Tuesday.

Tue, 15 Sep 2020 08:00:14 GMT

China's industrial output growth accelerates

On Tuesday, data from the Chinese National Bureau of Statistics showed that China's industrial output growth rose to 5.6% in August from a year earlier.

Tue, 15 Sep 2020 07:00:13 GMT

China's real estate investment hits 16-month high

According to data from the National Bureau of Statistics on Tuesday, China's property investment in August rose by 11.8% from a year earlier.

Tue, 15 Sep 2020 06:03:55 GMT

China's foreign trade, investment perform better

According to the spokesperson for the Chinese National Bureau of Statistics, China's foreign investment and trade have been performing better than expected.

Tue, 15 Sep 2020 05:30:34 GMT

US blocks Chinese imports

On Monday, the US government announced that it would block cotton, apparel and other product imports from China.

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