News

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Fri, 06 Nov 2020 12:30:52 GMT

ViacomCBS tops Q3 revenue forecasts

On Friday, ViacomCBS reported it had beat analysts' expectations for its Q3 revenue on higher demand for the Showtime and CBS All Access streaming services, which partially offset the ad sales decline.

Fri, 06 Nov 2020 11:09:20 GMT

BoJ comments on global currencies

On Friday, the Board Member of the Bank of Japan Makoto Sakurai stated that coordination between the global central banks has kept the Forex market stable.

Fri, 06 Nov 2020 10:04:54 GMT

Stocks mixed amid US election outcome uncertainty

On Friday, global stocks changed a little but were still near their record high while US bond yields and US dollar stayed sluggish due to uncertainty of the Presidential Election's outcome.

Fri, 06 Nov 2020 08:41:29 GMT

UK launches bribery probe into Bombardier

The British Serious Fraud Office launched an investigation into Bombardier, the Canadian industrial group, over alleged bribery in jet sales to Garuda Indonesia, Reuters reported.

Fri, 06 Nov 2020 07:43:15 GMT

Allianz reports 6% surge in Q3 net profit

On Friday, the German insurer Allianz reported an unexpected 6% surge in its Q3 net profit compared to the prior year, despite pandemic pressure on business.

Fri, 06 Nov 2020 06:44:50 GMT

Apple faces lawsuit

On Thursday, Apple was ordered to face a lawsuit against its shareholders due to concealing a decline in demand for iPhones in China.

Fri, 06 Nov 2020 06:44:42 GMT

Crude oil prices decline

Crude oil price benchmarks declined on Thursday due to the markets expecting a fall in demand that would be caused by the coronavirus.

Fri, 06 Nov 2020 06:44:34 GMT

US assets surge in value

During Thursday's US trading hours, stock prices surged, as a broad sell off of the US Dollar occurred.

Thu, 05 Nov 2020 21:43:23 GMT

European stocks reach high level

European stock indices ended Thursday's trading with a surge, which was attributed to better than expected earnings reports.

Thu, 05 Nov 2020 21:03:53 GMT

US sues Visa to block Plaid purchase

The US government filed a lawsuit seeking to block Visa from purchasing the financial technology company Plaid.

Thu, 05 Nov 2020 20:09:11 GMT

IBM unveils cloud platform for 5G telcos

International Business Machines launched a cloud platform aimed at telecom operators deploying 5G and signed up Samsung and Nokia as partners.

Thu, 05 Nov 2020 19:26:48 GMT

SNB has room for more FX interventions

The Swiss National Bank did not reach the limit of ability to buy FX assets to weaken the Swiss franc despite the massive balance sheet, board member Andrea Maechler stated.

Thu, 05 Nov 2020 17:48:45 GMT

Iberdrola to invest £67B in energy production

Iberdrola announced plans to invest £67.7B in renewable energy production and retail operations by 2025 to capitalise over rising global demand for clean power.

Thu, 05 Nov 2020 16:40:55 GMT

ByteDance in talks on new fundraising

TikTok-owner ByteDance was in early negotiations about a new funding round, which will value the company at $180B after the investment, sources said.

Thu, 05 Nov 2020 16:18:59 GMT

GM to invest C$1B in Canada operations

General Motors is set to invest C$1B in its operations in Canada to extend production of full-size pickup trucks to meet growing demand.

Thu, 05 Nov 2020 14:47:22 GMT

Alibaba tops quarterly revenue forecast

China's Alibaba Group topped its estimates for the Q3 revenue after its core e-commerce business kept growing following the emergence of China from the COVID-19 lockdown.

Thu, 05 Nov 2020 13:59:56 GMT

Nintendo lifts Switch outlook to 24M units

Japan's Nintendo is expecting to sell 24M of the company's Switch games consoles by March 2021, raising its forecast from 19M due to higher gaming demand during the COVID-19 pandemic.

Thu, 05 Nov 2020 12:45:56 GMT

Airbnb plans IPO filing next week

Airbnb, the US home rental firm, is planning to register an initial public offering next week, preparing for its stock market debut scheduled for the next month, despite the COVID-19 pandemic tension.

Thu, 05 Nov 2020 12:21:06 GMT

VW CEO hopes for Biden victory

On Thursday, Volkswagen's CEO Herbert Diess stated that the Democrat Joe Biden's victory in the US election would better suit VW's strategy to mass-produce EVs across the globe.

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.

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