News

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Fri, 11 Sep 2020 09:41:37 GMT

Euro remains firm on Friday

Despite recent ECB announcements, during Friday's GMT trading hours the Euro traded near previous day's levels.

Fri, 11 Sep 2020 08:41:41 GMT

Citigroup appoints Fraser as CEO

Jane Fraser was appointed as the next Chief Executive Officer of Citigroup, the first female global bank CEO.

Fri, 11 Sep 2020 07:45:46 GMT

Crude oil prices extend decline

On Friday, crude oil prices continued to edge lower, as the Saudi Aramco caused sell off continued.

Fri, 11 Sep 2020 06:51:28 GMT

Rio Tinto's CEO, executives to resign

Rio Tinto's Chief Executive Officer Jean-Sébastien Jacques and two top executives will step down by March 31 2021, the company announced on Friday.

Fri, 11 Sep 2020 05:59:31 GMT

India, China agree to deescalate tensions

The Indian Foreign Minister Jaishankar and the Chinese State Councillor Wang Yi have agreed that troops from both countries must quickly disengage from a border standoff.

Fri, 11 Sep 2020 04:54:33 GMT

Oracle wins new cloud business deals

Oracle Corp won deals with Albertsons Companies, McDonald's Corp and Humana Inc to relocate some of their business to the Oracle cloud computing services.

Fri, 11 Sep 2020 04:02:28 GMT

Tesla rolls out fast EV charging

Tesla launched new supercharger equipment in Berlin on Thursday, saying the electric carmaker is planning to expand in more cities to lure potential buyers.

Fri, 11 Sep 2020 03:03:35 GMT

Oracle results beat expectations

Oracle Corp has shown a recovery signs in its client spending due to rising demand for its cloud services, as more people turned to remote work during the coronavirus lockdowns, beating forecasts for its Q1 results.

Thu, 10 Sep 2020 22:59:26 GMT

Tesla shares surge 5%

Tesla's shares surged 5% on Thursday after a sharp decline earlier this week, marking their recovery and bringing its two-day gain to 17%.

Thu, 10 Sep 2020 19:40:43 GMT

VW increases bid for Navistar

Volkswagen's truck division Traton on Thursday revealed that the company had increased its offer per share of Navistar from $35 to $43.

Thu, 10 Sep 2020 18:59:05 GMT

Nornickel gets sued for fuel spill

On Thursday, the Russian government sued the mining company Norilsk Nickel for a total of $2 billion.

Thu, 10 Sep 2020 17:50:29 GMT

Oil prices remain steady

In the aftermath of the US crude oil inventory data being published, crude oil price benchmarks remained steady.

Thu, 10 Sep 2020 16:39:53 GMT

Stock prices recover

During early US Thursday trading hours, stock prices recovered from previous decline, as the ECB had announced that it would leave its monetary policy unchanged.

Thu, 10 Sep 2020 16:11:41 GMT

US jobless claims remain high

On Thursday, the US Department of Labour revealed that US Weekly Jobless Claims have remained high, as 884 thousand claimed unemployment.

Thu, 10 Sep 2020 13:43:49 GMT

Reliance offers Amazon $20 billion stake

On Thursday, Bloomberg reported that Reliance Industries of India offered Amazon a $20 billion stake in the company's retail unit.

Thu, 10 Sep 2020 12:50:23 GMT

China buys electric vehicles

It was revealed on Thursday that in August new energy vehicle sales had surged in China by 26% on a year to year basis.

Thu, 10 Sep 2020 12:42:30 GMT

Oil prices decline

During Thursday's European trading hours, crude oil price benchmarks declined. However, the prices remained above the 40$ per barrel level.

Thu, 10 Sep 2020 11:41:15 GMT

BA owner raises capital

On Thursday, the owner of British Airways IAG started a discounted rights issue that would raise $3.2 billion to help the company's finances.

Thu, 10 Sep 2020 10:46:19 GMT

Huawei announces operating system

On Thursday, Huawei revealed that it would launch a new Harmony OS next year, which would rival Google Android.

Thu, 10 Sep 2020 09:43:42 GMT

Euro surges on Thursday

During Thursday's European trading hours, the EUR currency surged, as markets expected the upcoming ECB meeting to strengthen the currency.

Thu, 10 Sep 2020 08:50:51 GMT

EU urges FB, Twitter, and Google to curb fake news

On Thursday, the European commission urged Twitter, Alphabet's Google and Facebook to do more to fight against fake news.

Thu, 10 Sep 2020 07:43:34 GMT

Yum China shares decline 6.3%

On Thursday, Yum China shares hit a low of HK$386.2 ($50.35) in their Hong Kong debut amid global equities uncertainty.

Thu, 10 Sep 2020 06:44:14 GMT

Mexico could prolong relaxed banking credit rules

Mexico's Undersecretary of Finance and Public Credit Gabriel Yorio announced on Wednesday that Mexico is planning to extend the relaxed banking credit laws.

Thu, 10 Sep 2020 05:57:33 GMT

Australian AMP hires Symmetra

AMP Ltd, Australia's biggest retail wealth manager, announced on Thursday that it had hired Symmetra consultancy to review workplace behaviour.

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