News

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Thu, 22 Apr 2021 10:36:49 GMT

US halves emissions

On Wednesday, the US government stated that it would halve carbon emissions by 2030. The news are bound to impact energy stocks.

Thu, 22 Apr 2021 09:00:08 GMT

Airbus launches manufacturing shake-up

Airbus has launched its largest shake-up of the company's manufacturing network in over a decade, reorganising its large-parts activities in Germany and France ahead of its possible sale.

Thu, 22 Apr 2021 08:00:07 GMT

Intel CEO to meet officials in Europe

Intel's CEO Pat Gelsinger is set to travel to Europe for a meeting with the EU officials planned for the next week, the chipmaker confirmed earlier this week.

Thu, 22 Apr 2021 06:51:18 GMT

UiPath stock surges over 23%

The software maker UiPath's shares skyrocketed as much as 23.21% in their NYSE debut on Wednesday, signalling rising demand for high-growth technology stocks.

Thu, 22 Apr 2021 06:31:38 GMT

PicPay files for Nasdaq IPO

Batista brothers' Brazilian fintech start-up PicPay filed for an IPO on Nasdaq with the US SEC, an official filing showed.

Thu, 22 Apr 2021 04:00:10 GMT

Daimler slashes hours for 18K workers

Daimler is set to slash working hours for nearly 18.5K employees and temporarily suspend production at two factories in Germany amid a semiconductor chip shortage that hit global car production.

Thu, 22 Apr 2021 03:00:09 GMT

UiPath gets $34B valuation in NYSE debut

Automation technology startup UiPath's shares surged nearly 17% in their NYSE debut, giving the company a $34B market value.

Wed, 21 Apr 2021 21:00:08 GMT

BoC signals rate hikes in late 2022

The Bank of Canada signalled that it would start raising interest rates in 2022 after it boosted the outlook for the country's economy and reduced the scope of the bond-buying program.

Wed, 21 Apr 2021 20:25:27 GMT

Airbus reorganises aero parts manufacturing

Airbus launched the reorganisation of its production network, with large-parts activities restructured in Germany and France, and some small-parts manufacturing hived off before the potential sale.

Wed, 21 Apr 2021 19:43:13 GMT

Accor revenues fall markedly in Q1

France's hotel group Accor stated that its consolidated Q1 revenues totalled €361M, down 53% from €768M in 2020.

Wed, 21 Apr 2021 18:43:30 GMT

Spotify slips 3% after Apple unveils podcasts

Spotify shares dropped almost 3% on Wednesday after its rival Apple unveiled a new offer of paid subscriptions for podcasts.

Wed, 21 Apr 2021 18:30:50 GMT

Oracle shares fall after losing cloud deal

Oracle shares declined 3% after missing a project to supply cloud services for Israel, as the government chose Google and Amazon Web Services over Microsoft, Oracle and IBM.

Wed, 21 Apr 2021 17:00:09 GMT

China seeks product quality from Tesla

On Wednesday, the Chinese market regulator called on the US electric carmaker Tesla to ensure its product quality after an incident that took place at the auto show in Shanghai and drew wide attention from social media.

Wed, 21 Apr 2021 15:42:32 GMT

BoC causes short move

The USD/CAD dropped by almost 150 pips due to the strengthening of the Canadian Dollar, following the Bank of Canada rate statement made earlier on Wednesday.

Wed, 21 Apr 2021 15:20:21 GMT

S. Africa inflation rises

South Africa's annual inflation rate increased to 3.2% in March from 2.9% in February, data published by the Statistics South Africa show.

Wed, 21 Apr 2021 14:00:09 GMT

US Dollar remains firm

During Wednesday's trading, the value of US Dollar extended the recovery, which started in the aftermath of hitting a seven week low level.

Wed, 21 Apr 2021 13:00:06 GMT

US markets open flat

Prior to the start of US trading, it was expected that the US markets would open near or at the closing prices of yesterday despite a drop in oil prices.

Wed, 21 Apr 2021 12:00:08 GMT

Vision Fund likely to post record earnings

SoftBank Group's $100B Vision Fund is likely to report record earnings as soon as May 12, mostly boosted by the gain on the company's stake in Coupang, South Korea's e-commerce giant.

Wed, 21 Apr 2021 11:00:12 GMT

Amazon roll out new tech in Whole Foods stores

On Wednesday, Amazon.com stated it was launching a new biometric technology for Whole Foods customers in stores around Seattle, allowing shoppers to pay with their palm's scan.

Wed, 21 Apr 2021 10:00:15 GMT

Stock indices surge on Wednesday

During Wednesday's Asian and European trading hours, stock indices around the world surged fuelled by European corporate earnings.

Wed, 21 Apr 2021 09:00:07 GMT

ASML posts better-than-expected Q1 profit

On Wednesday, ASML Holding NV reported its net income beat forecasts for the Q1, while also raised the full-year sales outlook on robust demand amid the global semiconductor shortage.

Wed, 21 Apr 2021 08:27:41 GMT

Netflix shares drop 11%

Netflix reported slowing subscriber growth in the current year's Q1, as the pandemic hurt the movies and TV shows production, sending the streaming service's shares down 11%.

Wed, 21 Apr 2021 07:00:06 GMT

Ericsson core profit tops estimates

On Wednesday, Sweden's Ericsson posted its Q1 core profit above market forecasts as robust sales of its 5G equipment had offset the royalty income loss amid a patent battle with Samsung Electronics.

Wed, 21 Apr 2021 06:19:43 GMT

Discord ends deal talks with Microsoft

Messaging platform Discord has finished sale discussions with Microsoft, as it seeks to expand its business as a standalone firm, according to a Reuters report.

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