News

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Thu, 05 Nov 2020 11:09:33 GMT

US stocks surge

Prior to the US trading opening, US stock indices were set to surge, as the revealed gridlock in the US politics signalled that no new regulation could be set up upon large companies.

Thu, 05 Nov 2020 10:09:40 GMT

Volvo Trucks to roll out EVs in 2021

Sweden's Volvo Trucks is set to sell a full range of its heavy-duty, electric trucks in Europe already next year, according to the company's statement made on Thursday.

Thu, 05 Nov 2020 08:52:06 GMT

ArcelorMittal tops profit forecasts

The world's biggest steelmaker ArcelorMittal reported on Thursday its Q3 core profit above estimates as easing of the coronavirus lockdowns improved demand.

Thu, 05 Nov 2020 08:36:40 GMT

Oil falls over 1% on US election uncertainty

On Thursday, oil plunged more than 1% on US election uncertainty, as the Democrat Joe Biden nears the White House, while the Republicans are likely to retain control over Senate.

Thu, 05 Nov 2020 06:00:32 GMT

ECB to add new measures in December

The European Central Bank is poised to add next month new measures to support the European economy, the Bank's policymaker Pablo Hernandez de Cos stated.

Thu, 05 Nov 2020 05:05:51 GMT

Intesa hits profit goal before UBI deal

Italy's Intesa Sanpaolo announced that it already met 2020 goal, as the profit totalled €3.1B, even before taking into account acquisition of UBI.

Thu, 05 Nov 2020 04:32:46 GMT

Sainsbury to slash 3K jobs

The UK supermarket group Sainsbury is expected to announce plans to slash 3K positions, alongside its H1 results on Thursday, The Times reported.

Wed, 04 Nov 2020 22:15:26 GMT

T-Mobile to pay $200M fine

T-Mobile US is expected to pay a $200M fine to resolve the FCC investigation into the company's Sprint unit, as it failed to comply with rules under a subsidy program.

Wed, 04 Nov 2020 21:02:30 GMT

India exports decline 5.4%

Exports from India declined 5.4% to $24.82B in October amid the coronavirus pandemic, data published by the Ministry of Commerce and Industry show.

Wed, 04 Nov 2020 20:02:41 GMT

S. Korea imported car sales rise in October

Sales of imported cars in South Korea increased by 9.8% in October, compared to the same period in 2019, the Korea Automobile Importers & Distributors Association reports.

Wed, 04 Nov 2020 19:01:25 GMT

S. Korean SK hynix reports strong results

The South Korean memory semiconductor supplier SK hynix announced a 18.9% increase in revenue to $7.2B and a net income of $950M in the third quarter of 2020.

Wed, 04 Nov 2020 18:21:36 GMT

New Zealand unemployment rate reaches 5.3%

The unemployment rate in New Zealand reached a record high of 5.3% in September, data published by the statistics department Stats NZ show.

Wed, 04 Nov 2020 17:30:44 GMT

BMW net income rises in Q3

Net profit of BMW increased by 17.4% to €1.82B in the third quarter of 2020, compared to the same period the prior year, the German car producer reports.

Wed, 04 Nov 2020 17:05:42 GMT

US election faces vote misinformation online

On Wednesday, the US elections were plagued by misinformation spread online about the results after the President Donald Trump's false claims about his victory, while millions of votes were still uncounted.

Wed, 04 Nov 2020 15:20:36 GMT

Walmart, Comcast to develop smart TVs

Walmart and Comcast are negotiating the development and distribution of smart TVs, according to the Wall Street Journal's report.

Wed, 04 Nov 2020 14:36:45 GMT

Britain's Lloyds launches more job cuts

Britain's largest domestic bank Lloyds announced it was cutting 1070 job positions, stepping up redundancies despite its profit rebound in the Q3.

Wed, 04 Nov 2020 13:34:39 GMT

Uber, Lyft shares surge on Wednesday

Shares of Lyft and Uber Technologies rose 16% and 12% respectively on Wednesday after Wall Street cheered the companies' projected victory in the battle to set the gig economy's terms.

Wed, 04 Nov 2020 11:58:53 GMT

Subaru lifts profit forecast

Subaru increased its operating profit outlook on Wednesday by over a third to $1.05B, as car sales in the US rebounded more than expected after the pandemic hit demand.

Wed, 04 Nov 2020 10:47:53 GMT

Oil prices rise

During Wednesday's European trading hours, crude oil prices rose almost 3%, as the US President Donald Trump claimed victory in Tuesday's elections.

Wed, 04 Nov 2020 10:17:27 GMT

China regulators halt Ant's IPO

Chinese regulators shocked retail investors who made bids of a record $3.0 trillion in Ant Group by abruptly suspending the planned stock market debut that deemed to become the world's largest IPO.

Wed, 04 Nov 2020 09:33:10 GMT

US stock futures turn down on Trump claims

On Wednesday, S&P 500 futures turned down in volatile trade following the US President Donald Trump's claims about his victory in the election, despite millions of votes uncounted.

Wed, 04 Nov 2020 08:03:03 GMT

US formally withdraws from Paris Agreement

On Wednesday, the United States has formally exited the global climate agreement amid election uncertainty, fulfilling the President Donald Trump's years-long promise to withdraw the second-biggest greenhouse gas emitter in the world from the pact.

Wed, 04 Nov 2020 07:32:59 GMT

BMW Q3 profit rebounds on higher demand

On Wednesday, BMW stated its Q3 profit surged nearly 10% on the growing demand for its luxury cars in China, adding it also reiterated its outlook.

Wed, 04 Nov 2020 06:11:30 GMT

Thomson Reuters reports rise in Q3 revenue

On Tuesday, Thomson Reuters said in a statement that its revenue surged by 2% to $1.44 billion in the third quarter.

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