News

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Tue, 05 Jan 2021 05:41:10 GMT

Charles Evans comments on policy

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that the current US economic policy was well positioned.

Tue, 05 Jan 2021 04:41:53 GMT

Federal Reserve expects recovery

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that the Fed expects to observe market recovery dynamics in spring.

Tue, 05 Jan 2021 04:31:28 GMT

Crude oil prices drop

During Monday's US trading hours, crude oil prices declined by almost 2%, as a broader asset sell off occurred.

Mon, 04 Jan 2021 22:34:47 GMT

US markets decline on Monday

At the start of this year's trading, the US stock market declined after a higher opening, as most indices suffered 2% losses.

Mon, 04 Jan 2021 21:01:10 GMT

Israel unemployment declines

The number of unemployed people in Israel declined to around 565,000 from around 938,000 unemployed in mid October 2020, the Central Bureau of Statistics reports.

Mon, 04 Jan 2021 20:00:51 GMT

Singapore manufacturing PMI rises

Singapore's purchasing managers' index increased slightly to 50.5 in December from 50.4 in November, data published by the Singapore Institute of Purchasing and Materials Management show.

Mon, 04 Jan 2021 18:45:02 GMT

Jordan economy to grow 2.5% in 2021

The economy of Jordan is expected to expand 2.5% in 2021 following a 3% contraction in 2020, a statement published by the Prime Minister Bisher Khasawneh shows.

Mon, 04 Jan 2021 18:09:51 GMT

Singapore economy contracts in 2020

The economy of Singapore contracted 5.8% in 2020, compared to the previous year, data published by the Ministry of Trade and Industry show.

Mon, 04 Jan 2021 17:11:11 GMT

S. Korea exports rise

Exports from S. Korea increased 12.6% to $51.41B in December, compared to the same period the previous year, a report published by the government shows.

Mon, 04 Jan 2021 16:31:30 GMT

UK manufacturing PMI rises

The UK purchasing managers' index in the manufacturing sector increased to the highest level in around three years in December, data published by the IHS Markit show.

Mon, 04 Jan 2021 15:04:32 GMT

Magna plans driver assistance tech development

On Monday, Magna International, the Canadian vehicle supplier, announced its development plans of ADAS (Advanced Driver Assistance System) with Fisker for the carmaker's Ocean SUV, expected to be launched in late 2022.

Mon, 04 Jan 2021 14:32:54 GMT

EasyJet halts non-EU voting rights

EasyJet is suspending some voting rights of its non-EU shareholders to meet the post-Brexit airline ownership conditions, the British airline announced on Monday.

Mon, 04 Jan 2021 12:54:57 GMT

MGM's takeover bid undervalues Ladbrokes

On Monday, the Ladbrokes owner Entain stated that the proposed $11B takeover bid by MGM Resorts, the US casino operator, had significantly undervalued the business.

Mon, 04 Jan 2021 11:57:57 GMT

EZ firms see productivity boost

Euro zone firms are anticipating to emerge from the COVID-19 pandemic by showing more efficient results, boosted by remote working and greater digital technologies use, the ECB reported on Monday.

Mon, 04 Jan 2021 10:57:06 GMT

Tesla reaches record high

On Monday, the stock price of Tesla was expected to start the year at a record high level.

Mon, 04 Jan 2021 10:12:36 GMT

PSA-FCA merger gets approval

On Monday, top shareholders have granted their approval to PSA Group's merger deal with Fiat Chrysler, paving the way for the companies to create the fourth largest automaker in the world.

Mon, 04 Jan 2021 08:48:25 GMT

Quibi considers selling content catalog

Quibi has entered the advanced talks over a potential sale of the content catalog to Roku, the video-streaming device maker, due to winding down operations, according to the Wall Street Journal report.

Mon, 04 Jan 2021 07:55:51 GMT

Icahn sells $600M stake in Herbalife

The activist investor Carl Icahn sold over half of his stake owned in Herbalife Nutrition for $600M at $48.05 for a share, while also gave up five seats on the company's board held by investor's representatives.

Mon, 04 Jan 2021 07:36:46 GMT

China telco stocks drop 5% in HK

On Monday, shares of China's three largest telcos tumbled 5% in the first trading day in Hong Kong since the NYSE announced its plans to delist the companies under the US plan that China branded "politically motivated".

Mon, 04 Jan 2021 06:00:03 GMT

Asian equity markets hit record high

On Monday, Asian equity markets hit a record level. MSCI's broadest index surged by 0.80% to hit an all-time peak, S.Korea shares rose by 2%, led by the chip and auto sectors, China's blue chips added 0.3%.

Mon, 04 Jan 2021 05:00:09 GMT

Bitcoin cryptocurrency trades above $33K

Bitcoin cryptocurrency traded above $33K during the Asian session on Monday, after surging to a record level at $34,800 on January 3.

Mon, 04 Jan 2021 04:03:09 GMT

Tesla beats 2020 deliveries target

On January 2, Tesla Inc announced that it delivered 499,550 vehicles in 2020, the number surpassed Wall Street's estimate of 481,261 cars, according to Refinitiv data.

Mon, 04 Jan 2021 02:38:48 GMT

Germany likely to extend national lockdown

The German Health Minister Jens Spahn announced that Germany's Chancellor Angela Merkel and regional leaders are expected to agree to extend the national lockdown beyond January 10.

Sun, 03 Jan 2021 21:10:25 GMT

Gazprom: gas exports outside ex-USSR down 10%

Russia's gas exports by pipeline to customers outside the ex-Soviet Union reached 179.3 bcm in 2020, down from 199.2 bcm reported for 2019, Gazprom stated.

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