News

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Sun, 06 Sep 2020 17:04:19 GMT

Agricultural Bank of China reports decline in net income

AgBank, one of the largest commercial lenders in China, announced a decline of 10.8% in net income in the first six months of the current year.

Sun, 06 Sep 2020 16:07:51 GMT

Canadian unemployment declines

The Canadian unemployment rate declined to 10.2% in August, a decline from 10.9% in July, a report published by the Statistics Canada shows.

Sun, 06 Sep 2020 15:10:19 GMT

Sweden to provide $1B to businesses

Sweden plans to inject $1B to help local businesses amid the coronavirus pandemic, data published by the government show.

Sun, 06 Sep 2020 14:01:23 GMT

EU tourism sector contracts 75%

The tourism sector in the EU contracted 75% in June, compared to February, data published by the EU statistical office Eurostat show.

Sun, 06 Sep 2020 13:05:13 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

Sun, 06 Sep 2020 12:19:29 GMT

VW rejects four-day week proposal

Bernd Osterloh, the head of Volkswagen's Works Council, stated on Sunday that four-day working week would not be effective in saving jobs and ruled out this option.

Sun, 06 Sep 2020 11:07:03 GMT

China car revenues to remain flat

The National Reform and Development Commission official Cai Ronghua stated on Sunday that Chinese automakers most probably would have stable revenues and profits despite a decline in production.

Sun, 06 Sep 2020 09:49:00 GMT

Amazon prohibits foreign sales of seeds

Amazon.com Inc took a decision to forbid foreign sales of seeds in the US soil after authorities had identified dangerous species in the packages.

Sun, 06 Sep 2020 09:19:23 GMT

Japanese official suggests snap elections

Shunichi Suzuki, one of the senior members of the Japanese ruling Liberal Democratic Party, suggested on Sunday that the country's next Prime Minister could announce early elections shortly after taking the office.

Sun, 06 Sep 2020 07:45:30 GMT

White House considers blacklisting China's SMIC

According to a Department of Defense official, the Trump administration is thinking to add the Chinese chipmaker SMIC to the US trade blacklist.

Sun, 06 Sep 2020 07:08:20 GMT

Argentina's economy to contract by 12% in 2020

The Argentine Central Bank announced on Friday that Argentina's GDP is likely to decline by 12% this year.

Sun, 06 Sep 2020 06:03:32 GMT

Colombia opens Tunel de la Linea

Colombia has opened the Tunel de la Linea, the South American longest tunnel, which is 8.65 km (5.4 miles) long.

Sun, 06 Sep 2020 04:56:08 GMT

EU demands veto power on UK's post-Brexit laws

According to The Times newspaper report published on Saturday, the EU is demanding a possible veto power on UK's post-Brexit regulations and laws.

Sun, 06 Sep 2020 03:58:08 GMT

China could dump US Treasury bonds

According to the Global Times newspaper, China may dump the US Treasuries, as US-China relations worsening over various issues.

Sun, 06 Sep 2020 02:58:55 GMT

China's auto profit, revenue likely flat in 2020

According to the Chinese government official, China's automobile sector would likely maintain stable revenues and profits in 2020.

Sat, 05 Sep 2020 21:45:35 GMT

Suga backs ultra-easy monetary policy

Yoshihide Suga, Japan's Chief Cabinet Secretary and the ruling Liberal Democratic Party lawmaker, stated on Saturday that he would like the Japanese Central Bank to continue the ultra-easy money policy.

Sat, 05 Sep 2020 19:45:24 GMT

US trade deficit reaches new high

According to the US Commerce Department, the country's trade deficit reached a 12-year high in July totaling $63.6B.

Sat, 05 Sep 2020 19:10:20 GMT

South Korea maintains current account surplus

According to the Bank of Korea (BOK), the country's current account surplus in July reached a 9-month high.

Sat, 05 Sep 2020 18:28:13 GMT

French shares decrease nearly percent

By the end of the European trading session, the French benchmark Paris CAC 40 dropped 44.45 points or 0.89%.

Sat, 05 Sep 2020 16:41:16 GMT

Tesla gets excluded from S&P 500

Tesla shares plunged 7% in Friday's extended trade after the electric vehicle maker had been excluded from the S&P 500's companies group, Reuters reported on Saturday.

Sat, 05 Sep 2020 15:57:54 GMT

IKEA's unit acquires San Francisco mall

IKEA's shopping centres arm has acquired San Francisco's 6X6 shopping mall in its first US real estate acquisition, it announced on Saturday, not providing any further financial details of the deal.

Sat, 05 Sep 2020 15:07:08 GMT

Ant hires Goldman Sachs as a leading manager for IPO

Goldman Sachs has been hired to join the leading investment lenders for the planned initial public offering of the Chinese financial technology company Ant Group worth around $30B, according to Reuters.

Sat, 05 Sep 2020 14:29:39 GMT

Italy sees Mediaset joining broadband network

On Saturday, Italy's Prime Minister Giuseppe Conte stated that the domestic media group Mediaset could join the government's single broadband network with a further revision of the telecoms ownership.

Sat, 05 Sep 2020 13:24:48 GMT

Berkshire trims Wells Fargo stake

Berkshire Hathaway reduced its Wells Fargo stake to 3.3% from what had been a $32B investment in the lender.

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