News

Note: This section contains information in English only.
Thu, 12 Nov 2020 10:55:51 GMT

IEA comments on oil demand

On Thursday, the International Energy Agency stated that global demand for oil is unlikely going to grow until the middle of 2021.

Thu, 12 Nov 2020 10:16:29 GMT

China's Tencent Q3 profit soars 89%

On Thursday, Tencent Holdings, China's gaming and social media titan, posted the forecast-beating 89% surge in its Q3 profit, driven by advertising and video games businesses.

Thu, 12 Nov 2020 09:11:42 GMT

Nissan trims annual operating loss outlook

On Thursday, Japan's Nissan Motor reduced the outlook for its full-year operating loss by as much as 28%, despite thee still-whopping $3.2B, boosted by better-than-expected sales and restructuring efforts.

Thu, 12 Nov 2020 07:49:35 GMT

Bolt to invest €100M in EU e-scooter market

On Thursday, the Estonian ride-hailing firm Bolt announced the planned investment worth €100M next year, as it seeks to become the biggest e-scooter rental company in Europe.

Thu, 12 Nov 2020 07:37:01 GMT

Goldman picks Barclays banker for insurance deal

Goldman Sachs has hired Marguerite Bion, Barclays' insurance banker, to win more deals from the European largest insurers due to industry consolidation boost amid tightening regulation and anaemic profitability.

Thu, 12 Nov 2020 06:10:17 GMT

Mercedes-Benz engine plant head to join Tesla

The head of Mercedes-Benz Berlin engine plant defected to rival Tesla, the union IG Metall stated, calling on employees to protest on his departure.

Thu, 12 Nov 2020 05:28:10 GMT

BMW weighs options for JV with Daimler

BMW CEO Oliver Zipse stated that he was weighing options for the firm's mobility services JV with Daimler AG, including a partial sale or attracting new partners.

Thu, 12 Nov 2020 04:30:21 GMT

Nexi extends $8B Nets merger negotiations

Italy's largest payments group Nexi extended its $8B merger talks with Nets to November 16, as it reported better-than-expected Q3 earnings.

Wed, 11 Nov 2020 21:48:18 GMT

BMW reveals electric SUV

Germany's luxury automaker BMW revealed an electric SUV called the BMW iX, estimated to go on US sale in early 2022 to challenge Tesla and other rivals.

Wed, 11 Nov 2020 20:45:47 GMT

Pfizer CEO sold off stock

An SEC filing revealed that on Monday the Chief Executive Office of Pfizer Albert Bourla sold Pfizer stock valued at $5.56 million.

Wed, 11 Nov 2020 19:40:30 GMT

Alibaba reports record sales

Throughout Wednesday, as the Chinese Single's Day shopping occurred, Alibaba continued to report record sales in the tens of billions of USD.

Wed, 11 Nov 2020 18:43:50 GMT

Regulators ease burden on JP Morgan

On Wednesday, the Financial Stability Board reduced capital requirements on JP Morgan due to it no longer being the world's most important bank.

Wed, 11 Nov 2020 17:41:15 GMT

ByteDance earns billions

Reuters revealed on Wednesday that the owner of TikTok Byte Dance was set to earn $27.2 billion during this year.

Wed, 11 Nov 2020 16:43:10 GMT

Crude oil prices surge

On Wednesday, crude oil price benchmarks reached for the 45$ per barrel level, as a recovery of global oil demand was expected.

Wed, 11 Nov 2020 15:42:42 GMT

US stocks surge on Wednesday

During Wednesday's US trading hours, stock indices recovered from the prior retracement down, which occurred after reaching new historical high levels.

Wed, 11 Nov 2020 14:55:35 GMT

Judge dismisses Apple claims

A Federal Judge of California on Tuesday dismissed a portion of Apple claims in the company's dispute with Epic Games.

Wed, 11 Nov 2020 13:52:41 GMT

Amazon asks for insider trading investigation

On Wednesday, Amazon requested Indian market regulators to look into Future Retail's possible insider trading

Wed, 11 Nov 2020 12:49:05 GMT

Goldman lifts S&P target

Goldman Sachs announced on Wednesday that the bank is lifting its target price for the S&P 500 to 3,700 points.

Wed, 11 Nov 2020 11:51:50 GMT

Stock prices surge

On Wednesday, Asian and European stock indices surged, as news about a new coronavirus vaccine continued to impact the markets.

Wed, 11 Nov 2020 10:54:08 GMT

US Dollar steadies

During Wednesday's European trading hours, US Dollar stabilized against its peer currencies, as worries about the delivery of the new coronavirus vaccine impacted the markets.

Wed, 11 Nov 2020 10:28:42 GMT

EU-UK trade talks likely to miss deadline

The European Union and Britain are set to go past their mid-November deadline for clinching the post-Brexit trade due to London talks that are likely to run through this week's end, according to Reuters.

Wed, 11 Nov 2020 09:03:14 GMT

Honda aims to mass produce lvl 3 autonomous cars

On Wednesday, Japan's Honda Motor stated it would be the first automaker in the world to mass produce the sensor-packed level 3 self-driving vehicles that would allow drivers to let the cars navigate the congested expressway traffic.

Wed, 11 Nov 2020 08:36:15 GMT

Apple rolls out MacBook laptops

Apple launched its new MacBook Air notebook on Tuesday as well as other machines equipped with the company's first central processor, which had been designed in-house for MacBooks.

Wed, 11 Nov 2020 05:59:56 GMT

Merkel calls for EU border reform

On Tuesday, the German Chancellor Angela Merkel stated that the European Union needed to reform the entry-exit system in the Schengen area.

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