News

Note: This section contains information in English only.
Mon, 21 Sep 2020 20:47:06 GMT

Wall Street declines

During Monday's US trading hours, US stocks reached a seven week low level, as news of possible corona lockdowns in Europe weighted in.

Mon, 21 Sep 2020 19:46:44 GMT

Gold prices drop

On Monday, gold prices dropped by more than 3%, as the US Dollar gained strength and risk off sentiment took hold.

Mon, 21 Sep 2020 18:44:42 GMT

Fed comments on economy

The US Federal Reserve announced on Monday that the US household wealth had returned to pre-coronavirus levels.

Mon, 21 Sep 2020 18:27:25 GMT

US debt expectations are published

On Monday, the Congressional Budget Office of the United States revealed that the US debt could double by the year of 2050.

Mon, 21 Sep 2020 16:29:06 GMT

Atlantia plans separating motorway unit

On Monday, Italy's Atlantia confirmed it still sought to split Autostrade per l'Italia, its motorway unit, from the group likely through the direct sale of Atlantia's 88% stake in the division.

Mon, 21 Sep 2020 15:53:01 GMT

Rolls-Royce shares drop to 16-year low

Shares of Rolls-Royce hit their lowest level since 2004 on Monday, after the engine maker had confirmed its consideration of the rights issue worth $3.23B.

Mon, 21 Sep 2020 15:28:40 GMT

Microsoft takes over ZeniMax

On Monday, Microsoft reported it would take over the owner of Doom and Fallout, ZeniMax Media, in a eal worth $7.5B, boosting its offering of Xbox video games.

Mon, 21 Sep 2020 13:53:24 GMT

Illumina to acquire cancer testing firm Grail

Illumina, the gene sequencing firm, is set to acquire Grail Inc, the Jeff Bezos-backed cancer screening start-up, in a cash-and-stock deal worth $8.0B, both companies announced on Monday.

Mon, 21 Sep 2020 12:54:22 GMT

GE to halt making coal-fired power factories

On Monday, General Electric announced its plans to stop building new coal-fired power factories, as the American industrial conglomerate has shifted its focus to renewable power generation sources.

Mon, 21 Sep 2020 11:43:12 GMT

WeChat seen to struggle to win new US users

China's Tencent Holdings said on Monday that WeChat was likely to struggle to attract new US users, while Washington challenges the court ruling to prevent the messaging app's ban.

Mon, 21 Sep 2020 10:47:06 GMT

HSBC, StanChart shares drop to record-lows

On Monday, shares in Standard Charts and HSBC have plunged to their lowest in the last 22 years due to reports of lenders and other banks transferring large sums of the allegedly illicit funds.

Mon, 21 Sep 2020 09:45:21 GMT

GBP/USD drops on news

On Monday, the GBP/USD currency exchange rate dropped by 124 pips or 0.96%. The drop was caused by news that the Prime Minister of the United Kingdom Boris Johnson was considering reinstating a coronavirus lockdown.

Mon, 21 Sep 2020 09:22:53 GMT

Germany beats down EUR

On Monday, the EUR/USD dropped by 76 base points or 0.64%. The drop was caused by the announcement of the German government that the debt of the country would reach 80% of GDP .

Mon, 21 Sep 2020 08:18:03 GMT

Didi, BYD to roll out ride-hailing EV

The Chinese ride-hailing titan Didi Chuxing has partnered with electric carmaker BYD over launching the co-designed ride-hailing electric vehicle later this year, Reuters reported.

Mon, 21 Sep 2020 06:41:14 GMT

Shell triggers major cost cuts

Royal Dutch Shell announced it plans to reduce about 40% off the oil and gas production costs, aiming to save cash to overhaul the business and shift its focus to renewable energy.

Mon, 21 Sep 2020 06:34:01 GMT

Nikola's exec chairman steps down

Nikola Corp's executive chairman and founder Trevor Milton stepped down from his role, the US electric-truck maker announced on Sunday, on the back of allegations that the company had misled investors and carmakers.

Mon, 21 Sep 2020 05:00:50 GMT

TikTok Global to launch IPO

On Monday, the Chinese ByteDance said in a statement that TikTok Global would launch an initial public offering.

Mon, 21 Sep 2020 04:02:45 GMT

Crude oil prices decline on Monday

On Monday, crude oil prices edged lower, Brent crude was by 0.50%, at $42.95 per barrel at 00:39 GMT, while the US WTI crude fell by 0.70%, to $40.84 a barrel.

Mon, 21 Sep 2020 03:03:44 GMT

US judge blocks Trump's administration order

On Sunday, a US Magistrate Judge Laurel Beeler blocked the US Commerce Department from asking Alphabet Inc's Google and Apple to remove WeChat app for downloads.

Mon, 21 Sep 2020 01:36:07 GMT

Societe Generale prepares to launch Lyxor sale

According to sources with knowledge of the matter, Societe Generale is preparing to launch Lyxor asset management sale.

Sun, 20 Sep 2020 20:11:19 GMT

Oil companies suffer from weak demand

According to analysts' reports, many major oil refineries were forced to reduce production into the autumn amid a low demand.

Sun, 20 Sep 2020 19:31:33 GMT

Judge stops Trump's ban

The US Magistrate Judge Laurel Beeler on Sunday blocked the US President Donald Trump's executive order banning WeChat from downloading in the Apple Store and Google Play Market.

Sun, 20 Sep 2020 18:19:22 GMT

Trump says not interested in TikTok shutdown

The US President Donald Trump stated on Saturday that he stood for a solution that would allow the TikTok app to continue operating in the country.

Sun, 20 Sep 2020 16:55:24 GMT

Ireland economy to contract 9% in 2020

The Irish economy is likely to contract at least 9% in 2020 amid the coronavirus pandemic, a statement published by the Central Bank of Ireland shows.

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