News

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Sat, 10 Apr 2021 15:00:07 GMT

Investors, traders look to upcoming earnings

Investors and traders are looking ahead to the upcoming US corporate earnings reports, beginning next week, as overall S&P 500 earnings are expected to have surged by 25% in the first quarter.

Sat, 10 Apr 2021 14:00:10 GMT

Amazon.com wins fight against union

On Friday, workers at an Amazon.com warehouse in Alabama voted against forming a union in a major win for the world's largest online retailer.

Sat, 10 Apr 2021 10:00:07 GMT

GM lowers truck production

General Motors Co stated on Friday that it would cancel some shifts at two of its plants responsible for truck production because of the ongoing chip shortage.

Sat, 10 Apr 2021 09:16:21 GMT

Biden's plan to generate $1.2B for IRS

On Friday, the US Treasury Secretary Janet Yellen noted that President's tax plan would increase the Internal Revenue Service (IRS) budget by $1.2B or 10.4%.

Sat, 10 Apr 2021 08:31:09 GMT

China fines Alibaba

On Saturday, China instructed Alibaba to pay a $2.75B fine which was equivalent to nearly 4% of the company's revenue for abuse of its dominant position in the market.

Sat, 10 Apr 2021 04:00:10 GMT

Biden proposes $14B boost for climate

The US President Joe Biden proposed $14B in funding initiatives to fight climate changes in the 2020 budget, including capital injections for science research and environmental regulation.

Sat, 10 Apr 2021 03:00:06 GMT

China to clear Tencent's $3.5B Sogou deal

China's antitrust regulator is set to clear Tencent Holdings's plan to take one of the country's search engine Sogou private, sources said.

Fri, 09 Apr 2021 22:34:34 GMT

Spain to subsidise EV sales

The government of Spain approved a plan to spend up to €800M until 2023 to encourage electric vehicle sales, the Energy Ministry stated.

Fri, 09 Apr 2021 20:00:05 GMT

Brazil's inflation rises above 6% in March

As reported by statistics agency IBGE on Friday, the annual rate of consumer inflation in Brazil rose to 6.10% in March, the highest since December 2016.

Fri, 09 Apr 2021 19:00:07 GMT

Canada adds more jobs in March

Canada added 303,100 jobs in March and the unemployment rate fell to 7.5%, Statistics Canada reported on Friday.

Fri, 09 Apr 2021 18:00:06 GMT

Crude oil prices edge lower

Crude oil prices declined on Friday. Brent crude futures fell by 0.32% to $62.88 a barrel at 12:30 GMT, while the US West Texas Intermediate crude futures were at $59.43, down 17 cents.

Fri, 09 Apr 2021 17:00:08 GMT

US producer prices increase in March

As reported by the US Labor Department on Friday, US producer prices rose more than expected last month.

Fri, 09 Apr 2021 15:41:56 GMT

McDonald's to add 25K new staff

McDonald's Corp is planning to hire 25,000 new staff in its US restaurants in Texas this month, as lockdown restrictions are easing ahead of summer.

Fri, 09 Apr 2021 14:41:51 GMT

Disney set to name new ABC News head

CBS News' executive vice-president Kimberly Godwin has entered the final stages of discussion with Walt Disney over becoming ABC News' new president, a media report showed on Friday.

Fri, 09 Apr 2021 14:17:19 GMT

UK's Prince Philip passes away aged 99

Prince Philip, the leading figure in Britain's royal family and Queen Elizabeth's husband, has died at the age of 99, according to Buckingham Palace's announcement made on Friday.

Fri, 09 Apr 2021 13:00:07 GMT

VW loses fine appeal

Australia's federal court has dismissed the German carmaker Volkswagen's appeal against the record A$125M fine in the emissions cheating scandal, the country's competition regulator reported on Friday.

Fri, 09 Apr 2021 11:41:03 GMT

ASOS profit skyrockets 275% in H1

On Friday, ASOS, UK's online fashion retailer, reported a 275% surge to more than $155M in its first-half profit through Feb. 28 amid an online boom during the pandemic.

Fri, 09 Apr 2021 10:56:39 GMT

Hyundai to halt Asan plant production

On Friday, the South Korean carmaker Hyundai Motor announced it would suspend its output at the Asan plant starting next week due to the global chip shortage.

Fri, 09 Apr 2021 10:17:23 GMT

Airbus shares surge

On Friday, Airbus reported a surge in its March deliveries, boosted by the air travel rebound in the United States and China, sending the company's shares up over 2%.

Fri, 09 Apr 2021 08:53:38 GMT

Global equities surge

During Friday's Asian and European trading hours, global stock indices extended the previous day's surge, as a tech stock rally was taking place.

Fri, 09 Apr 2021 08:36:44 GMT

China's Didi hires top banks for mega IPO

Didi Chuxing, the Chinese top ride-hailing company, has picked Morgan Stanley and Goldman Sachs to lead its mega US IPO, according to Reuters.

Fri, 09 Apr 2021 06:43:36 GMT

Southwest Airlines to recall employees

Southwest Airlines will recall more than 2.7K of its flight attendants from their leave from June 1 to back the carrier's summer schedule, halting the voluntary furlough programme as more US citizens become vaccinated.

Fri, 09 Apr 2021 06:31:53 GMT

Brazil's Selic to gain neutral level in 2022

Brazil's Selic interest rate is likely to reach the neutral level as soon as 2022, central bank's director said in a statement earlier this week.

Fri, 09 Apr 2021 05:00:08 GMT

Levi Strauss lifts sales growth forecast

Levi Strauss has raised its H1 revenue growth outlook by 24%-25%, hoping that the COVID-19 vaccine rollouts would drive a return to normalcy, after beating quarterly sales forecasts on the e-commerce boost.

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