News

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Sun, 07 Jun 2020 15:05:32 GMT

Holzmann comments on ECB policy

On Sunday, the European Central Bank Governing Council member Robert Holzmann stated that the ECB could consider buying company shares.

Sun, 07 Jun 2020 13:40:26 GMT

Rosneft comments on dividends

Rosneft announced on Sunday that despite recent developments in the global markets, the company would keep its dividend pay-outs unchanged.

Sun, 07 Jun 2020 13:18:01 GMT

Jaguar Land Rover takes out loan

On Sunday, it was revealed by Jaguar Land Rover that the company loaned $705 million from Chinese banks.

Sun, 07 Jun 2020 11:45:58 GMT

OPEC+, Russia agree on oil cuts extension

Russia, OPEC and their allies agreed on extension of the oil output cuts until the July-end, prolonging their deal that drove crude prices twice as high as in the last two months, following a global supplies withdrawal of nearly 10% from the market.

Sun, 07 Jun 2020 10:44:22 GMT

Reddit co-founder Ohanian steps down from board

Alexis Ohanian, the Reddit co-founder, has resigned from the company's board earlier this week, seeking to be succeeded by a black candidate.

Sun, 07 Jun 2020 10:04:23 GMT

Gulf airlines to prolong salary cuts

Emirates and Etihad Airways stated on Sunday that temporary salary cuts would be extended until September.

Sun, 07 Jun 2020 09:50:46 GMT

AstraZeneca explores Gilead merger

AstraZeneca has approached Gilead Sciences, its rival drugmaker, about a possible merger deal, according to a Bloomberg News report published on Sunday.

Sun, 07 Jun 2020 08:42:55 GMT

Nasdaq soars to all-time high on recovery signs

The heavyweight technology has driven Nasdaq to its all-time high in just eleven weeks after the slump, as investors see signs of the economic recovery after the coronavirus crisis.

Sun, 07 Jun 2020 07:49:42 GMT

VW explores more cost cuts

Germany's Volkswagen is likely to implement further cost cuts, aiming to cope with the negative impact of the COVID-19 pandemic, the carmaker's spokesman stated on Saturday.

Sun, 07 Jun 2020 06:42:05 GMT

HSBC warns UK against ban on Huawei equipment

HSBC Holdings's Chairman Mark Tucker warned about possible reprisals in China, if Britain bans Huawei Technologies' networking equipment, according to the Telegraph report seen on Saturday.

Sun, 07 Jun 2020 06:05:48 GMT

France seeks 5G auction in fall

France seeks to launch its 5G auction in September in order to deploy the fifth-generation mobile network by the 2020-end, according to the country's junior economy minister.

Sun, 07 Jun 2020 04:47:17 GMT

China export decline 3.3%, imports drop 16.7%

China's exports declined 3.3% year-on-year in May, falling less than anticipated, while imports plunged 16.7%, customs data revealed.

Sun, 07 Jun 2020 04:15:56 GMT

Kosovo removes trade limitations on Serbia

Kosovo's new government removed all trade limitations for goods from Serbia in a bid to resume talks with Belgrade over an agreement enabling it to get UN membership.

Sun, 07 Jun 2020 03:36:50 GMT

Volkswagen considers more cost cuts

Volkswagen considered more cost cuts, aiming to help cope with the economic impact of the COVID-19 pandemic, a spokesman for the automaker stated.

Sat, 06 Jun 2020 21:06:20 GMT

Cloud9 raises $17.5M

Cloud9, the voice trading software supplier, raised $17.5M in the second funding round led by UBS and joined by JP Morgan and Barclays as existing investors.

Sat, 06 Jun 2020 20:31:44 GMT

Malaysia doubles budget deficit

On Saturday, the Malaysian government revealed that it would increase its sovereign budget deficit by doubling it.

Sat, 06 Jun 2020 18:46:18 GMT

Oil producers pressure Iraq and Nigeria

It was revealed on Saturday by Reuters that the new OPEC and ally talks pushed Iraq and Nigeria to better comply with output quotas.

Sat, 06 Jun 2020 18:15:45 GMT

Malaysia comments on 1MDB case

On Saturday, Malaysian authorities revealed that not even $3 billion are enough to settle the 1MDB case with Goldman Sachs.

Sat, 06 Jun 2020 16:52:11 GMT

Oil producers cut output

OPEC and other oil producing countries on Saturday agreed upon an extension of crude oil production cuts.

Sat, 06 Jun 2020 16:10:28 GMT

Sycamore Partners negotiate with JC Penney

On Saturday, private equity company Sycamore Partners revealed that it is negotiating the acquisition of JC Penney.

Sat, 06 Jun 2020 14:40:50 GMT

Polish PM comments on GDP

The Prime Minister of Poland Mateusz Morawiecki stated on Saturday that due to the coronavirus the economy could shrink by less than four percent.

Sat, 06 Jun 2020 13:44:54 GMT

Biden wins nomination

On Saturday, the former Vice President of the United States Joe Biden secured the needed necessary delegates to receive a presidential nomination.

Sat, 06 Jun 2020 13:29:31 GMT

Malaysia refuses $3B from Goldman

The Finance Minister of Malaysia Tengku Zafrul Aziz stated on Saturday that the government would not accept $3B compensation from Goldman Sachs for the 1MDB case settlement.

Sat, 06 Jun 2020 12:34:33 GMT

OPEC, allies to reach agreement on production cuts

In a meeting held on Saturday the OPEC countries and their allies are expected to reach agreement on prolongation of production cuts for another month.

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