News

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Sat, 26 Sep 2020 08:25:02 GMT

Croatia economy to contract 8% in 2020

The Croatian economy is expected to contract 8% in 2020 and return to growth in 2021, a report published by the Croatian government shows.

Sat, 26 Sep 2020 06:48:14 GMT

Singapore manufacturing output rises 13.7%

Singapore's manufacturing output increased 13.7% in August, compared to the same period the previous year, data published by the Singapore Economic Development Board show.

Sat, 26 Sep 2020 06:01:36 GMT

S&P affirms India BBB- rating

The credit rating agency S&P affirmed its BBB- sovereign credit rating on India with a stable outlook, a report published by the agency shows.

Sat, 26 Sep 2020 05:10:57 GMT

Germany: number of unemployed to increase by 440T

The number of unemployed in Germany is expected to increase by 440T this year amid the pandemic, data published by the Institute for Employment Research show.

Sat, 26 Sep 2020 04:06:52 GMT

China reports current account surplus in Q2

China reached a current account surplus of $110.2B in the second quarter of 2020, data published by the State Administration of Foreign Exchange show.

Fri, 25 Sep 2020 20:45:38 GMT

Deutsche Bank seeks to slash costs

Deutsche Bank was devising its new hybrid model of staff splitting their work between offices and homes to diminish associated costs.

Fri, 25 Sep 2020 19:46:33 GMT

Harley nears deal with India's Hero

Harley-Davidson was in talks with India's Hero Moto for a distribution agreement which will allow selling its motorcycles in India after the US firm stops local production.

Fri, 25 Sep 2020 19:23:37 GMT

Leonardo to get €1B industry boost

An agreement between the US and Italy over space exploration is expected to generate around €1B for Italy's space industry, the CEO of Leonardo said.

Fri, 25 Sep 2020 17:54:41 GMT

Bolsonaro in stable condition

The Albert Einstein hospital said on Friday that Jair Bolsonaro, the Brazilian President, is in a stable condition after a bladder stone surgery.

Fri, 25 Sep 2020 16:52:14 GMT

Italy to raise budget deficit target

According to two government officials, the Italian Treasury would raise the target of the 2020 budget deficit to about 12.8% of GDP.

Fri, 25 Sep 2020 15:54:42 GMT

Dow and S&P 500 edge lower

The Dow Jones Industrial Average and the S&P 500 edged lower on Friday, its longest losing streak since August 2019.

Fri, 25 Sep 2020 14:59:54 GMT

Hungary to kickstart economic recovery

The Hungarian Prime Minister Viktor Orban said on Friday that he would try to improve the country's economy by increasing investments and cutting taxes.

Fri, 25 Sep 2020 13:42:57 GMT

Flight ban on 737 MAX to be lifted soon

The EU regulator has granted its approval for resuming flights of the grounded Boeing's 737 MAX jets in November, as well as enter service by the current year's end.

Fri, 25 Sep 2020 12:50:03 GMT

MasMovil denies holding talks with Vodafone

Spain's MasMovil denied it was holding talks with Vodafone, following a newspaper's report about the UK-based company had launched negotiations about a potential acquisition of the mobile operator.

Fri, 25 Sep 2020 12:37:12 GMT

India to offer $4.6B in incentives to battery makers

India seeks to offer $4.6B in incentives to yo battery makers on the back of its intention to promote the electric vehicle use and reduce dependence on oil, Reuters reported.

Fri, 25 Sep 2020 11:35:58 GMT

US, UK to partner over AI

The United Kingdom and the United States have inked a new agreement aimed at cooperation in artificial intelligence's research and development, Axios said on Friday.

Fri, 25 Sep 2020 09:50:07 GMT

Evergrande stock price plummets

On Friday, a sell off of Chinese Evergrande Group stock occurred on the Hong Kong Stock Exchange due to a leaked report that the company looked for government help.

Fri, 25 Sep 2020 08:38:57 GMT

Ant rolls out blockchain-powered trade platform

China's Alipay-owner Ant Group has presented its new blockchain-based cross-border trade platform on Friday, ahead of the company's planned IPO, potentially the largest in the world.

Fri, 25 Sep 2020 06:41:36 GMT

Costco tops estimates for Q4 results

Costco Wholesale reported better-than-expected Q4 revenue and profit results, as pandemic prompted customers to buy more appliances, sporting or gardening goods.

Fri, 25 Sep 2020 06:01:16 GMT

Samsung picks Verizon for 5G products

Samsung Electronics has selected Verizon Communications as its first US customer for its 5G gear to raise indoor coverage, Reuters reported.

Fri, 25 Sep 2020 04:59:42 GMT

Target set for more hiring during holidays

Target Corp is planning to double the number of its employees for contactless services, as well as hire more seasonal staff for its distribution centres during the upcoming holiday season amid higher demand for online shopping.

Fri, 25 Sep 2020 04:16:25 GMT

ConocoPhillips expects global oil demand to rise

ConocoPhillips, the US oil producer, sees global demand for oil returning to 100M barrels per day, adding it also expects oil to continue growing from there, Reuters reported citing the firm's senior executive.

Fri, 25 Sep 2020 03:22:15 GMT

AMC Entertainment plans 15M shares sale

On Thursday, AMC Entertainment Holdings announced it would sell up to 15M of its shares, seeking to attract fresh funding after the company was hit by the coronavirus pandemic, sending its shares down over 4%.

Thu, 24 Sep 2020 20:49:32 GMT

Volvo Cars sees flat demand in H2 2020

Sweden's Volvo Cars is expecting its year-over-year sales to be flat in the current year's second half, in line with expectations despite the growing number of the COVID-19 cases across Europe.

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