News

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Wed, 09 Sep 2020 04:46:51 GMT

Russia's GDP decline seen at around 4% in 2020

The Russian Finance Minister Anton Siluanov announced on Tuesday that Russia's gross domestic product is expected to decline by approximately 4% in 2020.

Wed, 09 Sep 2020 03:59:53 GMT

Ryanair begins $1B bond sale

On Tuesday, Ryanair launched an 850M euro ($1B) bond sale. The company hired BNP Paribas, Citi and Barclays for the trade.

Wed, 09 Sep 2020 02:56:14 GMT

Merkel plays down talks to halt Nord Stream 2

According to sources with knowledge of the matter, Germany's Chancellor Angela Merkel has rejected the possibility to halt the Nord Stream 2 pipeline project.

Wed, 09 Sep 2020 01:44:19 GMT

GM acquires 11% stake in Nikola

Shares of Nikola soared more than 30% on Tuesday after General Motors announced that it was buying an 11% share in Nikola.

Tue, 08 Sep 2020 19:45:45 GMT

Boeing reports order cancelations

Boeing revealed on Tuesday that it had received 17 airplane order cancelations in August, which brought the total for this year to 445.

Tue, 08 Sep 2020 18:46:56 GMT

Uber promises electric vehicles

On Tuesday, Uber announced that it would provide 800 million USD for their drivers to switch to electric vehicles by 2040.

Tue, 08 Sep 2020 17:52:30 GMT

Oil prices drop on Tuesday

During Tuesday's trading hours, crude oil prices dropped below the $40 level. The price decline was caused by a reduction of prices done by Saudi Aramco.

Tue, 08 Sep 2020 16:51:31 GMT

Nasdaq slides another 3%

On Tuesday, the Nasdaq Composite declined another 3%, as fresh tensions between Washington and Beijing weighed on the global equity markets.

Tue, 08 Sep 2020 15:52:48 GMT

Global equity markets decline

On Tuesday, global equities and crude oil prices edged lower, as concerns over Brexit trade talks and the US-China tensions weighed on the market sentiment.

Tue, 08 Sep 2020 15:02:10 GMT

US Senate to vote on COVID-19 bill

The US Senate Majority Leader Mitch McConnell announced on Tuesday that the US Senate would vote on coronavirus aid package this week.

Tue, 08 Sep 2020 14:10:15 GMT

Tesla's shares plunge 15% on Tuesday

On Tuesday, Tesla shares plunged as much as 15% following its exclusion from the S&P 500 index, after it dominated the Wall Street recovery from the COVID-19 crisis earlier this year.

Tue, 08 Sep 2020 13:20:26 GMT

GM takes 11% stake in truck maker Nikola

On Tuesday, General Motors announced it was buying an 11% equity stake in Nikola, the US electric truck maker, worth around $2.0B, seeking to ti up with the firm to develop a pick-up truck that would be powered by the battery-electric system.

Tue, 08 Sep 2020 11:58:18 GMT

Oil reaches June low level

On Tuesday, crude oil price benchmarks reached the 40$ per barrel level, which is a low level not experienced since June.

Tue, 08 Sep 2020 10:53:29 GMT

AB InBev looks for CEO Brito's replacement

Anheuser-Busch InBev, the Budweiser beer maker, is looking for a candidate to succeed Carlos Brito, its long-serving CEO, according to the Financial Times.

Tue, 08 Sep 2020 09:49:48 GMT

Stocks struggle on Tuesday

During Tuesday's European trading hours, stock indices traded almost flat in the aftermath of last week's decline.

Tue, 08 Sep 2020 08:46:33 GMT

Tesla sells 11,8K Model 3 cars in China last month

Tesla, the US electric car maker, sold 11,8K units of its Model 3 vehicle in China last month, up from 11K cars in July, China's Passenger Car Association reported on Tuesday.

Tue, 08 Sep 2020 08:31:17 GMT

Germany's VCI sees 2020 production drop

On Tuesday, VCI, Germany's chemicals association, stated it was expecting output to fall by 3% in 2020 and revenues likely to drop by 6%, marking slow recovery from the coronavirus crisis.

Tue, 08 Sep 2020 06:45:24 GMT

VW has no plans for ties with Tesla

Volkswagen's CEO Herbert Diess has dispelled rumours regarding the world's biggest automaker's plans to pursue deeper ties with its rival EV maker Tesla, on the back of VW's mass production push to develop electric cars.

Tue, 08 Sep 2020 06:37:01 GMT

Australia to look into Apple-Google app stores competition

on Tuesday, the Australian competition regulator stated it would examine the use of data sharing by app stores owned by Google and Apple, as well as the competition between them.

Tue, 08 Sep 2020 05:31:30 GMT

US companies urge workers to vote

It was revealed on Monday that various US companies had started campaigns that urged their employees to vote in US primary elections.

Tue, 08 Sep 2020 04:30:44 GMT

Mexican inflation rises

On Monday, a poll published by Reuters revealed that the monthly inflation of Mexico had risen to 4%.

Tue, 08 Sep 2020 03:31:26 GMT

S&P raises Argentine rating

The rating agency S&P Global Ratings announced on Monday that it would raise the long term foreign currency rating of Argentina to CCC+.

Mon, 07 Sep 2020 20:46:32 GMT

VW CEO comments on Tesla

On Monday, the CEO of Volkswagen Herbert Diess stated that despite rumours the company is not seeking a deal with Tesla.

Mon, 07 Sep 2020 20:30:41 GMT

AB InBev looks for CEO Brito's successor

Beer maker Anheuser-Busch InBev started looking for a successor of the company's long-serving CEO Carlos Brito, the Financial Times reported.

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