News

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Fri, 24 Jul 2020 18:44:07 GMT

Mexico posts 27K formal job loss this month

On Friday, the President of Mexico Andres Manuel Lopez Obrador stated the country had cut 27K formal job positions in July amid the global coronavirus crisis.

Fri, 24 Jul 2020 18:00:43 GMT

Schlumberger sees deeper cost cuts

Schlumberger, the oilfield services giant, revealed on Friday it was planning deeper cost cuts, following a report about $3.7B charge as well as a second consecutive quarterly loss due to major layoffs and pipeline outage.

Fri, 24 Jul 2020 16:42:23 GMT

Verizon tops estimates for Q2 revenue

On Friday, Verizon Communications beat forecasts for its Q2 revenue and profit results, boosted by strong demand for the company's internet and phone services during the coronavirus lockdowns.

Fri, 24 Jul 2020 16:24:00 GMT

Pharma stocks plunge on drug price orders

The Invesco Dynamic Pharmaceuticals ETF dipped 1.7% on Friday after the US President Donald Trump signed orders intended to reduce drug prices.

Fri, 24 Jul 2020 15:25:08 GMT

Amex reports losses in Q2 2020

The US financial services corporation American Express reported an 85% drop in quarterly profits, based on their Q2 2020 report published on Friday.

Fri, 24 Jul 2020 14:12:00 GMT

Russia to reopen international flights on August 1

Russia's Prime Minister Mikhail Mishustin stated on Friday the country would resume its international flights from Moscow, St Petersburg and Rostov-on-Don on August 1.

Fri, 24 Jul 2020 12:38:19 GMT

Sky unveils tool for tracking ad effectiveness

On Friday, the British media company Sky announced it would partner with TVSquared, the TV measurement company, to provide advertisers with a tracking tool, allowing them to see whether ads lead to website visits and sales.

Fri, 24 Jul 2020 11:09:42 GMT

Portugal rolls out plan to bolster exports

The Portuguese government unveiled a plan to boost its exports to ease the impact from the COVID-19 pandemic, setting a goal to increase exports to 53% of GDP by 2030 from 44% in the prior year.

Fri, 24 Jul 2020 09:47:30 GMT

Stock indices decline

During Friday's European trading hours, global stock indices declined, as a retracement from five month peaks was taking place.

Fri, 24 Jul 2020 09:31:46 GMT

Vodafone aims to list tower business in Frankfurt

The world's second-largest mobile operator Vodafone announced on Friday that it was planning the Frankfurt listing for its mast business, named Vantage Towers, in early 2021.

Fri, 24 Jul 2020 08:28:35 GMT

AmEx to pay £750M to IAG to renew partnership

International Airlines Group stated on Friday that American Express sought to pay it £750M to resume their partnership by boosting the airline's finances.

Fri, 24 Jul 2020 06:44:09 GMT

Twitter shares jump on record yearly user growth

Twitter Inc posted the highest-ever annual growth of its users who can see ads, topping analysts' expectations on usage as well as sending the company's shares up 4%.

Fri, 24 Jul 2020 06:36:29 GMT

SpaceX seeks raising funds at $44B valuation

Elon Musk's SpaceX is in talks to attract new capital at the $44B valuation, but the round is unlikely to be completed during the nearest time, according to a Bloomberg News report.

Fri, 24 Jul 2020 05:31:21 GMT

Crude oil prices rise

On Friday, crude oil price benchmarks rose, as the US Dollar almost reached a two-year low level.

Fri, 24 Jul 2020 04:31:16 GMT

Euro reaches high level

During Friday's Asian trading hours, the Euro traded at a 21-month high level against the US Dollar.

Fri, 24 Jul 2020 02:42:12 GMT

Big tech prepares for Congress hearing

On Friday, it was revealed that the CEOs of the four biggest tech companies were preparing for a hearing at the US Congress about their growing power.

Fri, 24 Jul 2020 02:23:36 GMT

Japanese Yen surges on Friday

During early Fridays trading hours the value of the Japanese Yen surged against the US Dollar, as the markets were overtaken by a run to safety.

Thu, 23 Jul 2020 20:00:36 GMT

Canada inflation rises

Consumer prices in Canada increased 0.7% in June, compared to the same period the previous year, data published by the Statistics Canada show.

Thu, 23 Jul 2020 19:01:08 GMT

German Covestro reports €52M loss in Q2

The German chemicals group Covestro announced a net loss of €52M in the second quarter of 2020, a statement published by the company shows.

Thu, 23 Jul 2020 17:58:42 GMT

Philippine Airlines reports $183.1M loss

The Philippines Airlines reported a loss of $183.1M in the first quarter of the current year amid the COVID-19 pandemic, a statement published by the company shows.

Thu, 23 Jul 2020 17:26:40 GMT

S. Korea GDP contracts 3.3% in Q2

The South Korean economy contracted 3.3% in the second quarter of 2020 amid the coronavirus outbreak, a statement published by the Bank of Korea shows.

Thu, 23 Jul 2020 16:29:33 GMT

Finnish retailer Kesko reports strong sales

One of the largest retailers in Finland, Kesko Group, reported sales of €2.81B in the second quarter of 2020, an increase of 2.2%, compared to the same period the prior year, data published by the company show.

Thu, 23 Jul 2020 15:26:29 GMT

Daimler reports loss of €1.9B in Q2

German car producer Daimler reported a net loss of €1.9B in the second quarter of 2020 amid the coronavirus pandemic, a statement published by the company shows.

Thu, 23 Jul 2020 14:35:32 GMT

US initial jobless claims climbs last week

US weekly unemployment claims increased to 1.416M for the week ending July 18 and compared to 1.307M the previous week, according to the data published by the Labor Department on Thursday.

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