News

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Tue, 26 Jan 2021 12:29:54 GMT

MSCI to eliminate China firms from global index

MSCI announced it would eliminate five Chinese firms from its global equity index on January 27, since there was no update on the Trump Administration's order banning US citizens from making investments in certain Chinese firms.

Tue, 26 Jan 2021 11:21:45 GMT

Dollar remains firm on Tuesday

During Tuesday's European trading hours, the value of the US Dollar remained flat, as expectations of stimulus were being offset by a possible delay.

Tue, 26 Jan 2021 10:23:24 GMT

Hyundai posts surge in Q4 profit

Hyundai Motor posted a 57% rise in its Q4 profit, driven by robust demand for its premium Genesis cars and high-margin SUVs, forecasting a sales jump this year in the North American and Chinese auto markets.

Tue, 26 Jan 2021 08:48:05 GMT

SoftBank appoints new CEO

On Tuesday, the Japanese third-biggest telco SoftBank stated it had appointed Junichi Miyakawa, its Chief Technology Officer, as a new Chief Executive Officer effective April 1.

Tue, 26 Jan 2021 08:08:11 GMT

Apple's executive to step down

Dan Riccio, Apple's hardware engineering head, is set to step down to focus on a new project, according to the iPhone maker's statement made on Monday.

Tue, 26 Jan 2021 06:31:09 GMT

Merkel and Biden make agreement

Reuters revealed on Monday that the US President Joe Bidden and the German Chancellor Angela Merkel had agreed on phone upon transatlantic cooperation.

Tue, 26 Jan 2021 04:40:42 GMT

Apollo CEO steps down

The CEO of Apollo Leon Black stated on Monday that he would leave his post due to a recent reveal of his ties to Jeffrey Epstein.

Tue, 26 Jan 2021 04:31:00 GMT

Vimeo raises equity

On Monday, Vimeo announced that the company had raised $300 million, which brought the company's total valuation to $6 billion.

Mon, 25 Jan 2021 22:44:12 GMT

Stocks retrace down

During Monday's US trading hours, global stock indices retraced down, as the value of the US Dollar surged.

Mon, 25 Jan 2021 20:45:35 GMT

ON24 aims for $2.22B valuation in IPO

Goldman Sachs-backed webinar marketing platform ON24 Inc was looking for nearly $2.22B valuation in its IPO, through selling 8.6M shares.

Mon, 25 Jan 2021 19:51:15 GMT

Huawei considers selling brands P, Mate

China's Huawei Technologies was in early-stage negotiations to sell P and Mate, its premium smartphone brands, sources with knowledge of the matter stated.

Mon, 25 Jan 2021 19:21:48 GMT

Volkswagen to pay €16.3M in Spanish claim

A Spanish court ordered Volkswagen to pay €16.3M in compensation to people in the country, who bought vehicles with emissions-cheating devices installed.

Mon, 25 Jan 2021 17:42:08 GMT

Canada Dec. jobless rate revised to 8.8%

On Monday, the December unemployment rate in Canada was revised from 8.6% to 8.8%, while the net job decline was amended from 62,600 to 52,700, according to Statistics Canada's labour force data.

Mon, 25 Jan 2021 16:42:31 GMT

Hublot sees China to boost sales rebound this year

Hublot, the Swiss luxury watchmaker, is anticipating its sales to grow as much as 15-20% this year, boosted by China, following a tough 2020 as well as a challenging start of the current year, its CEO said on Monday.

Mon, 25 Jan 2021 15:44:04 GMT

Nasdaq hits record high at opening

On Monday, the Nasdaq opened at its record high on markets for the week of big-tech firms earnings, while the S&P 500 and Dow came out under pressure from Merck's shares drop.

Mon, 25 Jan 2021 14:42:03 GMT

Google employees to establish union alliance

Google's workers are set to form a global union alliance, following the formation of a labour union for the Canadian and US offices, established by over 200 workers at the various Alphabet's units.

Mon, 25 Jan 2021 14:31:26 GMT

Apple shares reach new all-time high

The share price for Apple started Monday's trading with a new all-time high at 143.09. The jump was attributed to a "stay at home" stock surge.

Mon, 25 Jan 2021 13:34:26 GMT

Ex-Google exec to run TIM's Noovle

Carlo d'Asaro Biondo, the former Google executive, has been named as a new CEO of Telecom Italia's Noovle, the newly-created cloud division, the Italian largest phone group reported on Monday.

Mon, 25 Jan 2021 11:45:39 GMT

US oil refiners see worst Q4 earnings

US oil refiners are expecting the worst quarter of earnings due to the pressure of surging crude prices and weak demand caused by the renewed coronavirus travel restrictions.

Mon, 25 Jan 2021 11:02:13 GMT

Stocks surge on Monday

During Monday's European trading hours, stock indices around the world surged, as stimulus expectations pushed the market up.

Mon, 25 Jan 2021 10:24:02 GMT

Germany to face economic stagnation in Q1

Germany's economy is set to stagnate in the 2021's Q1, according to Ifo economist Klaus Wohlrabe's statement made on Monday, signalling the toll taken by the EU largest economy's lockdown.

Mon, 25 Jan 2021 09:06:23 GMT

Huawei considers sale of its premium phone brands

China's Huawei Technologies has entered the early-stage negotiations over potential sale of the premium smartphone brands Mate and P, in a move that may result in the company's withdrawal from the smartphone-making business.

Mon, 25 Jan 2021 07:45:11 GMT

Germany asks Taiwan for over chip shortage

Germany called on Taiwan to persuade its producers to help ease the semiconductor chips shortage in the car sector, as it is affecting the German economy recovery from the coronavirus pandemic.

Mon, 25 Jan 2021 07:37:07 GMT

SPAC close to $7.3B deal with Alight

A Bill Foley-backed blank-check acquisition company is close to sign a deal with Blackstone's Alight Solutions, the US benefits services operator, valued at $7.3B including debt.

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