News

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Sat, 11 Jul 2020 07:56:45 GMT

Gelchie to succeed Mcintosh as CEO of LDC

Louis Dreyfus Company announced on Friday that the current COO Michael Gelchie would succeed Ian Mcintosh as Chief Executive in September.

Sat, 11 Jul 2020 07:08:14 GMT

Netherlands to seek guarantees on budget reforms

The Netherlands will ask for guarantees on budget reforms at the European Union recovery fund negotiations, the country's Prime Minister stated on Friday.

Sat, 11 Jul 2020 05:54:47 GMT

AA threatens to cancel orders for 737 MAX jets

According to the Wall Street Journal report published on Friday, American Airlines has threatened to cancel some of the Boeing 737 MAX orders.

Sat, 11 Jul 2020 05:04:21 GMT

Rivian adds $2.5 billion investment

Electric car startup company Rivian announced on Friday that it added $2.5B investment, led by T. Rowe Price Investment Management Group.

Sat, 11 Jul 2020 04:06:46 GMT

New bank lending in China hits record level

According to data released by the People's Bank of China on Friday, the Chinese bank lending surged by 22.3% in June.

Sat, 11 Jul 2020 03:01:47 GMT

AliExpress Russia targets $10B annual turnover

The CEO of AliExpress Russia Dmitry Sergeev said that the company was targeting a $10 billion annual turnover by 2022-2023.

Sat, 11 Jul 2020 02:28:57 GMT

Italy's Central Bank lowers 2020 economy forecast

Italy's gross domestic product will decline by about 9.5% in 2020, the Italian Central Bank announced on Friday.

Fri, 10 Jul 2020 19:52:36 GMT

President Lukashenko demands higher minimum wage

On Friday, the Belarusian President Alexander Lukashenko said that private sectors should pay workers higher minimum wage.

Fri, 10 Jul 2020 18:52:36 GMT

Crude oil prices remain stable

Crude oil prices remained stable on Friday, the Brent crude was up by 0.02%, to $42.36 per barrel at 13:38 GMT, while the US West Texas Intermediate crude surged by 0.1%, to $39.66 a barrel.

Fri, 10 Jul 2020 17:59:54 GMT

Global equity benchmarks decline

On Friday, global equity markets edged lower, as concerns over a record surge in coronavirus cases in the United States outweighed improving economic number in the US and Europe.

Fri, 10 Jul 2020 17:01:01 GMT

US stocks open flat

On Friday, Wall Street's main indexes opened flat, the Dow Jones Industrial declined by 0.06% at the open, while the S&P 500 opened higher by 0.42 points.

Fri, 10 Jul 2020 16:18:59 GMT

Fed buys Ford, Apple and Walt Disney bonds

The US Federal Reserve purchased an additional $1.33B worth of bonds from Ford Motor, Walt Disney, Apple and other companies as part of the Fed's bond-buying plan.

Fri, 10 Jul 2020 15:35:02 GMT

American Airlines to redline Boeing 737 orders

The major US airline struggles to find funds for the ordered 737 MAX airplanes and menaces to cancel the order if Boeing doesn't aid to secure financing.

Fri, 10 Jul 2020 13:59:12 GMT

AliExpress Russia sees $10B turnover in three years

AliExpress Russia stated it was estimating its annual turnover to become $10B by 2022-2023, $4B up from analysts' expectations for about $6B now.

Fri, 10 Jul 2020 13:19:32 GMT

US unemployment claims close to four-month low

US unemployment benefits fell to a nearly four-month low the previous week; however, a record 32.9M people were collecting jobless checks in June's third week, supporting estimates for the labour market's slow recovery after the coronavirus.

Fri, 10 Jul 2020 12:00:57 GMT

Uber to pay $3.8M fine over taxi law

Uber agreed to pay a fine worth $3.8M in Denmark in its settlement of breaching the local taxi law, according to the Danish police.

Fri, 10 Jul 2020 11:34:08 GMT

EU to rule on Alstom-Bombardier deal by July 31

The EU antitrust regulators will pass their verdict on Alstom's bid to acquire Bombardier's transport business by July 31, after France's TGV high-speed train manufacturer offered an asset sale to address the competition concerns.

Fri, 10 Jul 2020 10:18:16 GMT

EU offers recovery plan

On Friday, the President of the European Council Charles Michel announced a plan for the European Union's long term recovery.

Fri, 10 Jul 2020 09:37:03 GMT

Honda ties up with CATL over EV batteries

On Friday, China's electric vehicle battery maker CATL said that Japan's Honda would acquire shares from the company with the intention to jointly develop batteries for electric vehicles.

Fri, 10 Jul 2020 08:34:19 GMT

Muji's US business files for Chapter 11 bankruptcy

Muji's US division has sought the Chapter 11 bankruptcy protection, after the coronavirus pandemic hit the minimalist lifestyle brand hard, its owner Ryohin Keikaku announced on Friday.

Fri, 10 Jul 2020 07:09:51 GMT

TIM throws out Huawei from tender for 5G equipment

Telecom Italia excluded Huawei Technologies from the 5G core equipment tender that TIM is preparing to establish in Brasil and Italy amid security threat concerns.

Fri, 10 Jul 2020 05:52:21 GMT

UK's high street to lose further 5K jobs

The British retailers face further 5000 job losses after Boots and John Lewis announced on Thursday that they had to close stores to survive.

Fri, 10 Jul 2020 04:44:19 GMT

Coinbase plans for stock market listing

According to sources with knowledge of the matter, the US cryptocurrency exchange Coinbase Inc has commenced plans for a landmark stock market listing.

Fri, 10 Jul 2020 03:55:13 GMT

Wells Fargo plans to cut thousands of jobs

According to the Bloomberg Law report published on Thursday, Wells Fargo & Co is planning to eliminate thousands of jobs.

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