News

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Mon, 16 Nov 2020 19:34:41 GMT

Home Depot to regain control over HD Supply

Home Depot stated that it is set to acquire HD Supply in an $8B valued deal, regaining control over the company after restructuring years ago.

Mon, 16 Nov 2020 17:58:17 GMT

Nigeria CPI rises 14.23%

The Nigerian consumer price index increased by 14.23% in October, compared to the same period the prior year, the National Bureau of Statistics reports.

Mon, 16 Nov 2020 17:16:10 GMT

Thai economy contracts 6.4% in Q3

The economy of Thailand contracted 6.4% in the third quarter of 2020, compared to the same period the prior year, data published by the National Economic and Social Development Council show.

Mon, 16 Nov 2020 16:30:22 GMT

Israeli GDP expands 37.9% in Q3

The economy of Israel expanded 37.9% in the third quarter of the current year, compared to the previous quarter, the Central Bureau of Statistics reports.

Mon, 16 Nov 2020 14:52:46 GMT

China's Didi, BYD launch customised vehicle model

On Monday, China's Didi Chuxing together with the EV maker BYD launched their customised D1 van model deemed for ride-hailing services, Didi's CEO Will Cheng announced.

Mon, 16 Nov 2020 13:45:33 GMT

Jay Clayton to leave US SEC

Jay Clayton, the Chairman for the US Securities and Exchange Commission, will resign from his position by the 2020-year-end, according to the New York Times report published on Monday.

Mon, 16 Nov 2020 12:56:50 GMT

Moderna's anti-COVID-19 vaccine is 94.5% effective

Moderna announced on Monday its experimental anti-coronavirus vaccine is 94.5% effective, according to a late-stage trial's interim data, with the company's shares rising 9.1% in premarket trading on the news.

Mon, 16 Nov 2020 12:22:18 GMT

VW plans €1.0B investment into plant

Volkswagen has announced an investment worth €1.0B into its Slovak factory, including €500M to manufacture the next-generation Skoda Superb and VW Passay models.

Mon, 16 Nov 2020 10:43:43 GMT

Stock prices surge

During Monday's Asian and European trading hours, global stock prices surged, as China published better than expected economic recovery data.

Mon, 16 Nov 2020 09:53:50 GMT

Aramco picks banks for multi-tranche bond deal

On Monday, Saudi Aramco announced it had hired banks for its planned multi-tranche US dollar-denominated bond issuance amid the oil giant's intention to attract cash due to lower oil prices.

Mon, 16 Nov 2020 08:40:51 GMT

PNC to acquire BBVA's US business

On Monday, PNC Financial Services Group stated it would acquire the US banking arm of Spain's lender BBVA in a cash-deal valued at $11.6B, further consolidating the banking sector in the United States.

Mon, 16 Nov 2020 07:44:05 GMT

Walmart plans majority stake sale in Seiyu

Walmart is selling the majority stake it owns in Seiyu, the Japanese supermarket chain, in a deal worth over $1B to investment company KKR and the e-commerce firm Rakuten.

Mon, 16 Nov 2020 06:01:51 GMT

Thailand's GDP declines by 6.4% in Q3

According to data released on Monday by the National Economic and Social Development Council, Thailand's GDP declined by 6.4% in the third quarter.

Mon, 16 Nov 2020 05:00:43 GMT

Pharmaceutical industry offers Canada C$1B

According to industry records seen by Reuters, Innovative Medicines Canada, the industry's lobby group in Canada, has offered the Canadian government C$1B to drop some pending pricing regulations.

Mon, 16 Nov 2020 04:01:26 GMT

Biden's CoS asks Congress to pass COVID-19 bill

On Sunday, Ron Klain, the chief of staff to the US President-elect Joe Biden, urged the US Congress to pass new COVID-19 relief package.

Mon, 16 Nov 2020 02:35:09 GMT

Peru's interim leader resigns

On Sunday, Manuel Merino, the Peruvian interim President, has resigned after a night of demonstrations that left two people dead and dozens injured.

Sun, 15 Nov 2020 21:28:47 GMT

Germany might fall into recession

According to the Macroeconomic Policy Institute, the risk of Germany of falling into recession this winter had slightly increased, though remains quite low.

Sun, 15 Nov 2020 20:34:25 GMT

Biden advisers urge to act immediately

Top advisers of the US President-elect Joe Biden urged him on Sunday to take measures to contain the spread of coronavirus.

Sun, 15 Nov 2020 19:01:12 GMT

Breton says tech companies could face bans

The European Union Internal Market Commissioner Thierry Breton said on Sunday that technology firms could be banned from providing services in Europe if they breached EU rules.

Sun, 15 Nov 2020 17:58:21 GMT

Ireland, UK comment on Brexit trade talks

On Sunday, the Irish and the British ministers said that there has to be a breakthrough on a post-Brexit trade deal this week.

Sun, 15 Nov 2020 16:59:18 GMT

Frost says EU and UK making some progress

UK's Chief Brexit negotiator David Frost said on Sunday that Britain and the EU had made some progress on Brexit trade deal.

Sun, 15 Nov 2020 16:00:16 GMT

Turkish President visits Northern Cyprus

On Sunday, Turkey's President Tayyip Erdogan visited Northern Cyprus to meet with the newly elected President Ersin Tatar.

Sun, 15 Nov 2020 14:58:54 GMT

China to focus on moderate exports expansion

China will no longer try to achieve trade surpluses but will focus on moderate exports expansion, the Vice Chairman of China's Center for International Economic Exchanges Huang Qifan said on Sunday.

Sun, 15 Nov 2020 14:00:16 GMT

Peru's interim President under pressure to resign

Manuel Merino, the Peruvian interim President, came under increasing pressure to quit on Sunday after at least nine cabinet ministers resigned.

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