News

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Fri, 02 Oct 2020 09:40:50 GMT

Trump tests positive for coronavirus

On Friday, global stock market indices declined, as the US President Donald Trump announced that he and his wife have been tested positive for the coronavirus.

Fri, 02 Oct 2020 08:46:11 GMT

Nokia 2019 profit warning in line with rules

The Finnish Financial Supervisory Authority announced that its investigation showed Nokia's unexpected profit warning issued in October last year had complied with the rules of the stock exchange.

Fri, 02 Oct 2020 07:50:29 GMT

Equinor plans exploration staff cut

Equinor, the Norwegian gas and oil company, is planning to trim the exploration staff by around 30% across the world by 2023, seeking to cut costs amid lowering demand for petroleum caused by the pandemic.

Fri, 02 Oct 2020 07:00:24 GMT

Google delays Australian News Showcase roll-out

Google delayed the Australian launch of News Showcase amid regulatory complications, a few months following the product announcement, Reuters reported on Friday.

Fri, 02 Oct 2020 06:07:03 GMT

Rolls-Royce aims to attract $6.5B

Rolls-Royce seeks raising £5B ($6.5B), including £2B from its shareholders, as part of the UK engine maker's plan to cope with the coronavirus-caused negative effects.

Fri, 02 Oct 2020 04:42:26 GMT

Oxy agrees on Colombia onshore asset sale

Occidental Petroleum, the debt-laden US oil producer, has agreed on its Colombia onshore asset sale to Carlyle Group in a deal worth $825M.

Fri, 02 Oct 2020 03:45:57 GMT

Facebook ties up with Deloitte

Facebook revealed it had partnered with Deloitte to assist firms to use its Workplace tool to work remotely, after the pandemic had changed the work structure for millions across the world.

Fri, 02 Oct 2020 03:08:25 GMT

SAP plans Emarsys takeover

SAP, the business software group, is set to acquire the cloud-based marketing platform Emarsys, which allows firms to interact with customers on a personal level via online channels.

Thu, 01 Oct 2020 21:31:00 GMT

Beyond Meat boosts UK presence

Beyond Meat has rolled out its vegan-meat burgers on Thursday in Gourmet Burger Kitchen's restaurants and Sainsbury's stores, as the company seeks to expand its footprint in the UK.

Thu, 01 Oct 2020 19:50:13 GMT

Goldman buys GM credit card business

On Thursday, Goldman Sachs Group revealed that it would buy the credit card unit of General Motors for $2.5 billion.

Thu, 01 Oct 2020 18:52:16 GMT

US automakers sales show signs of recovery

The US new vehicles sales continued to show indications of recovery from the coronavirus pandemic despite posting lower quarterly sales.

Thu, 01 Oct 2020 17:58:16 GMT

Crude oil prices decline 5%

On Thursday, crude oil prices declined more than 5%, Brent crude futures fell by 4.5%, to $40.40 per barrel by 16:34 GMT, while the US WTI crude futures were down by 5.2%, to $38.13 a barrel.

Thu, 01 Oct 2020 17:05:46 GMT

Boeing plans moving 787 production

Boeing is set to move its output of the 787 Dreamliner jets to South Carolina next year, amid its cost-cutting strategy, the planemaker said on Thursday.

Thu, 01 Oct 2020 16:09:26 GMT

Chevron seen to complete Noble Energy deal

On Friday, Noble Energy shareholders are likely to grant a green light to the company's sale to Chevron in a stock deal worth around $4.2B.

Thu, 01 Oct 2020 15:17:21 GMT

Top American carriers launch 32K furloughs

The top US largest carriers United Airlines and American Airlines has launched furloughs of more than 32K employees this Thursday, according to Reuters.

Thu, 01 Oct 2020 14:29:37 GMT

US jobless claims drop on Thursday

The number of US filings for unemployment benefits fell to 837K last week, compared to 837K reading the previous week, according to the Labor Department report published on Thursday.

Thu, 01 Oct 2020 13:35:52 GMT

Gap to hire more staff for holiday season

On Thursday, Gap Inc announced its plans to virtually hire new staff for upcoming months of holidays to fulfil the retailer's online orders amid high demand for online shopping.

Thu, 01 Oct 2020 12:25:30 GMT

Bayer shares fall 11%

Bayer shares dropped as much as 11% after its statement that the company's adjusted profit might decline in 2021, as well as due to potential write-downs of the agricultural asset value.

Thu, 01 Oct 2020 10:45:51 GMT

French PMI back to growth

According to IHS Markit, French September PMI rose to 51.2 from 49.8 reading the previous month, signalling an improvement in the manufacturing sector despite a surge in the coronavirus cases.

Thu, 01 Oct 2020 09:45:12 GMT

UK and EU fail at negotiations

On Thursday, the EU and UK trade agreement negotiators announced that they had failed at agreeing upon the matter of state aid. The announcement caused a one percent drop of the Pound.

Thu, 01 Oct 2020 08:59:50 GMT

Hyundai's September US sales jump 5%

Hyundai Motor reported on Thursday its sales surged 5% in the United States last month, driven by a rapid demand recovery for the South Korean automaker's high-profit SUVs.

Thu, 01 Oct 2020 07:49:40 GMT

Tesla trims initial price for Model 3 cars

On Thursday, Tesla, the US electric vehicle maker, has reduced its starting price of the Model 3 sedans made in China by nearly 8% to $36,805, after China's subsidies for EVs were taken into account.

Thu, 01 Oct 2020 06:51:12 GMT

Tokyo SE halts trade amid system glitch

On Thursday, Tokyo Stock Exchange has suspended its full day-trade due to the worst-ever glitch in the stock marker's electronic trading system that triggered a major outage.

Thu, 01 Oct 2020 06:36:46 GMT

Disney plans major US layoffs

Walt Disney is set to lay off around 28K employees at its theme parks in the United States amid the coronavirus hit, the company announced.

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