News

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Tue, 03 Nov 2020 18:13:23 GMT

China suspends Ant Group's $37B listing

China suspended $37B stock market listing of Ant Group, after executives were told the company's online lending business would run into tighter scrutiny.

Tue, 03 Nov 2020 17:37:59 GMT

Oil prices up 2% on US Election Day

Oil prices grew over 2%, advancing with other markets on the US Election Day, though traders braced for volatility depending upon the voting results.

Tue, 03 Nov 2020 16:17:37 GMT

Dollar weakens on bets on Biden victory

The US dollar fell on Tuesday, as risk appetite increase over bets that Joe Biden is likely to win the US presidential election and launch a new stimulus package.

Tue, 03 Nov 2020 15:28:16 GMT

Thomson Reuters posts rise in revenue

Thomson Reuters reported its Q3 revenue surged on its corporates and legal division gains, as cost reductions helped lift the free cash flow forecast for 2020.

Tue, 03 Nov 2020 14:35:25 GMT

VW launches first ID.4 SUV in China

On Tuesday, Volkswagen has rolled out two ID.4 electric SUV models in China, taking on Tesla in the largest car market in the world.

Tue, 03 Nov 2020 13:05:08 GMT

PayPal beats quarterly profit forecasts

PayPal Holdings topped Wall Street's estimates for its quarterly profit and revenue, driven by a sharp rise in digital payments during the coronavirus lockdowns across the world.

Tue, 03 Nov 2020 12:19:17 GMT

Microsoft plans investment in Bukalapak start-up

On Tuesday, Microsoft Corp stated it had partnered with Bukalapak, the Ant Group-backed Indonesian start-up, seeking to make an investment in the e-commerce platform.

Tue, 03 Nov 2020 11:21:40 GMT

Lenovo's quarterly profit tops estimates

On Tuesday, China's Lenovo Group reported a better-than-anticipated quarterly profit and stated it was continuing to benefit from remote working caused by COVID-19.

Tue, 03 Nov 2020 10:12:04 GMT

European stock prices surge

During Tuesday's European trading hours, European stock indices surged, as certainty was expected to come from the US Elections.

Tue, 03 Nov 2020 09:18:35 GMT

Oil prices continue to rally on US election

Oil prices extended the rally ahead of the US Election Day due to the financial markets recovery on Tuesday; however, concerns over rising coronavirus cases across the world threaten further gains.

Tue, 03 Nov 2020 08:07:50 GMT

BAT buys Dryft nicotine pouch business

On Tuesday, British American Tobacco stated it had acquired Dryft Sciences' nicotine pouch business amid its product range expansion, not disclosing financial terms of the deal.

Tue, 03 Nov 2020 06:41:22 GMT

Apple unveils special event on Nov. 10

Apple is set to hold a special event scheduled for November 10, not revealing any further details; however, analysts expect the roll-out of new Mac computers.

Tue, 03 Nov 2020 05:41:28 GMT

US output activity close to two-year high

US manufacturing accelerated more than estimated in October, driven by the surge in new orders to their record level in almost 17 years due to a focus shift in spending toward food and motor vehicles.

Tue, 03 Nov 2020 05:10:56 GMT

PayPal tops profit expectations

PayPal Holdings topped Wall Street's forecasts for its quarterly profit and revenue, boosted by a sharp rise in the company's online spending during the pandemic-related lockdowns.

Tue, 03 Nov 2020 04:02:43 GMT

FCA faces $840M in regulatory costs

Fiat Chrysler Automobiles reported it is facing up to $840M of potential US regulatory costs to resolve an inquiry by Justice Department into the excess diesel emissions.

Mon, 02 Nov 2020 23:54:19 GMT

China's economic growth may halve to 3%

China's intention to become carbon neutral and achieve technological independence could result in its economic growth cut to 3% over the following decade, according to S&P Global statement made on Monday.

Mon, 02 Nov 2020 21:05:48 GMT

Apple plans special event on Nov. 10

On Monday, Apple announced it will hold a special event on November 10 without providing any further details, while analysts expect the launch of the new Mac computers.

Mon, 02 Nov 2020 19:51:13 GMT

TikTok, Sony Music ink deal

On Monday, TikTok, the short video-sharing app, stated it had partnered with Sony Music Entertainment to expand its music library available for app's users.

Mon, 02 Nov 2020 19:35:03 GMT

ABF sees £375M sales hit

The owner of Primark, Associated British Foods, forecasts the temporary shutdowns of the Primark apparel stores in the EU markets amid new coronavirus restrictions will cause £375M of losses in sales.

Mon, 02 Nov 2020 17:36:30 GMT

China buys electric vehicles

On Monday, China's State Council stated that 20% of new car sales in China will be made up of electric vehicles by 2025.

Mon, 02 Nov 2020 17:13:22 GMT

Germany agrees $2.3B aid for car industry

Germany has agreed on the $2.3B aid package for the auto industry to help them become greener via automated and emission-free driving.

Mon, 02 Nov 2020 10:04:51 GMT

JPMorgan to own 71% in China securities JV

JPMorgan is set to acquire a 20% worth stake in the Chinese securities business from a local partner, totalling the stake it will own in the joint venture to 71%.

Mon, 02 Nov 2020 09:10:17 GMT

Japan's Nidec plans $2B EV plant in Europe

Japan's Nidec Corp is planning to spend $1.9B on a new factory based in Serbia to manufacture motors for electric cars, according to the Nikkei newspaper.

Mon, 02 Nov 2020 08:36:11 GMT

Alibaba-backed AutoX to launch car tests

AutoX, the Alibaba Group-backed Chinese autonomous vehicle firm is set to test in four new cities and prepares for its technology tests with Fiat Chrysler's Pacifica minivan.

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