News

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Thu, 13 Aug 2020 03:45:55 GMT

ESG index to be launched at Tadawul

Tadawul, Saudi Arabia's stock exchange, announced plans to launch an ESG index in cooperation with MSCI, the global index provider, by the end of 2020 or later.

Wed, 12 Aug 2020 20:44:56 GMT

EZ industrial production up 9.1%

Manufacturing production in the Euro zone grew 9.1% in June, following a 12.3% increase in May, driven by higher durable goods production, such as fridges and cars.

Wed, 12 Aug 2020 19:48:10 GMT

TUI gets extra €1.2B aid package

Travel company TUI stated that the German government agreed on a €1.2B aid package to boost its finances and ensure that the company survives into 2021.

Wed, 12 Aug 2020 19:11:48 GMT

US CPI grows 0.6% in July

The US Consumer Price Index rose more than anticipated 0.6% in July due to broad gains in the costs of goods and services.

Wed, 12 Aug 2020 18:22:50 GMT

Saudi Aramco to cut spending further

Saudi Aramco announced plans to cut capital spending to $20B-$25B in 2020 to pay a $75B dividend it promised to investors during its IPO last year.

Wed, 12 Aug 2020 16:42:44 GMT

Goldman seeks buying GM's credit card unit

Goldman Sachs Group is among bidders to acquire General Motors' credit card business, seeking to double bet on its consumer banking unit, according to the Wall Street Journal's report seen on Wednesday.

Wed, 12 Aug 2020 15:41:07 GMT

Microsoft to launch new phone sales on Sept 10

On Wednesday, Microsoft Corp announced its dual-screen Android phone Surface Duo would be launched in stores from September 10 at the price of $1,399.

Wed, 12 Aug 2020 15:13:58 GMT

Just Eat Takeaway results surge in H1

Just Eat Takeaway.com, the European food-ordering company, reported stronger revenue and profit results for the current year's first half, thanks to the COVID-19 lockdown that boosted online orders.

Wed, 12 Aug 2020 14:33:55 GMT

Tencent tops Q2 net profit estimates

Tencent Holdings, the Chinese social media and gaming giant, reported on Wednesday its Q2 net profit surged 37%, topping market expectations, driven by higher demand for the group's video games during the coronavirus lockdown.

Wed, 12 Aug 2020 13:10:00 GMT

TikTok likely to be deleted from US app stores

The US President Donald Trump's ban of China's short-video app TikTok could cut it off from the US app stores and make advertising illegal, the White House document showed on Wednesday.

Wed, 12 Aug 2020 12:36:21 GMT

UK's NatWest trims over 500 jobs

Britain's NatWest is trimming over 500 job positions in its retail business, while also shutting down one of the company's remaining offices based in London, blaming loan losses amid the coronavirus pandemic.

Wed, 12 Aug 2020 11:15:45 GMT

UK sees positive progress in US trade talks

On Wednesday, Britain sees positive progress in its trade talks with the US after the latest round, with both sides agreeing to continue negotiations in the following months.

Wed, 12 Aug 2020 09:41:34 GMT

Tencent beats profit forecasts

On Wednesday, the Chinese giant Tencent Holdings beat market earnings forecasts by announcing a quarterly profit rise of 37%.

Wed, 12 Aug 2020 09:31:16 GMT

British economy drops 20% in Q2

Britain's economy plunged as much as 20.4% in the second quarter due to the coronavirus lockdown, marking the biggest contraction compared to other major economies so far, according to the ONS.

Wed, 12 Aug 2020 08:33:31 GMT

Polestar seeks public listing eventually

The premium EV maker owned by Volvo Cars and China's Geely, Polestar, is seeking publicly listing eventually, but has to shift its focus on a new Polestar 2 electric car launch, the startup's CEO said.

Wed, 12 Aug 2020 06:48:18 GMT

Toshiba hits four-year record in operating loss

Toshiba Corp, the Japanese industrial conglomerate, reported a quarterly operating loss, its first in almost four years, as the COVID-19 pandemic affected demand for the company's copiers, electronic devices and chip-making equipment.

Wed, 12 Aug 2020 06:36:37 GMT

Foxconn posts bigger-than-expected Q2 profit

On Wednesday, the world's biggest contract electronics supplier Foxconn reported a better-than-anticipated Q2 profit, driven by growing telecommuting demand due to the COVID-19 pandemic offset plunging smartphone sales.

Wed, 12 Aug 2020 05:05:21 GMT

China continues to buy US goods

The White House National Economic Council Director Larry Kudlow stated on Tuesday that the US-China trade deal was still intact.

Wed, 12 Aug 2020 04:03:05 GMT

Occidental Petroleum expects output to dip

Vicki Hollub, the President and CEO of Occidental Petroleum, stated on Tuesday that the company would not increase output until it reduces debt.

Wed, 12 Aug 2020 02:58:13 GMT

France's data privacy watchdog probes TikTok

The French privacy watchdog has begun investigations into the tiktok.com website and the TikTok application, the CNIL spokesman said announced on Tuesday.

Tue, 11 Aug 2020 20:55:08 GMT

US producer price index increases in July

The US producer price index for final demand rose by 0.6% in July, the US Labor Department reported on Tuesday.

Tue, 11 Aug 2020 20:00:11 GMT

UK unemployment soars

As Britain gradually reconciles its job-detention scheme, the job losses climb and the unemployment rate is expected to increase up to 7.5% by the end of 2020.

Tue, 11 Aug 2020 19:13:51 GMT

S&P 500 nudges on stimulus hopes

On Tuesday, the S&P 500 Index rose on stimulus hopes and upbeat Q2 reports, almost reaching its peak before the coronavirus-induced unrest in February.

Tue, 11 Aug 2020 17:47:54 GMT

Taishin to acquire Taiwan unit of Prudential

Taiwan's Taishin Financial Holding agreed to buy Prudential Financial's Taiwan unit for $187M, as the US unsurer is exiting Asian markets.

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