News

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Sat, 18 Jul 2020 09:34:41 GMT

China increases equity investment cap

The China Banking and Insurance Regulatory Commission announced on Friday that the country's insurers could invest up to 45% of their assets.

Sat, 18 Jul 2020 08:35:15 GMT

Netherlands hold talks with EU

On Saturday, the Dutch Prime Minister Mark Rutte participated in negotiations with the European Union over $856B recovery fund.

Sat, 18 Jul 2020 07:04:57 GMT

Panasonic to pursue digital transformation

The Japanese electronics corporation is looking forward to focusing on the subscription-based revenue model and invests $800M in the US software provider Blue Yonder.

Sat, 18 Jul 2020 06:24:25 GMT

IMF suggests US to decree new stimulus

The IMF urged the US to take immediate measures regarding the implementation of new financial relief programs to help rebound the coronavirus-struck economy.

Sat, 18 Jul 2020 05:00:56 GMT

US consumer sentiment stepped lower in July

According to the latest data, the University of Michigan's consumer sentiment index declined to 73.2 points in July, despite the forecasted 79 points.

Sat, 18 Jul 2020 04:31:30 GMT

EU talks on stimulus plan stalled

The EU leaders failed to find common ground during the Friday summit on the COVID-19 recovery plan and its next multi-year budget, the negotiations will continue.

Fri, 17 Jul 2020 19:42:53 GMT

Morgan Stanley, USB to lead Vodafone Tower's IPO

UBS and Morgan Stanley are likely to lead the initial public offering of the Vodafone's EU towers unit, in a deal with potential valuation of up to €16B, according to Reuters.

Fri, 17 Jul 2020 18:51:32 GMT

Thyssenkrupp to consider options to boost finances

Thyssenkrupp is considering further options to boost its finances, which had been hit hard by the coronavirus crisis, the conglomerate's management stated on Friday.

Fri, 17 Jul 2020 17:42:05 GMT

Italy to list Autostrade by 2021

Italy's government is planning an Autostrade per l'Italia listing by early 2021 after forcing via an agreement to take control over Atlantia's motorway business, Reuters reported on Friday.

Fri, 17 Jul 2020 16:53:16 GMT

US economy expected to shrink in 2020

The IMF forecasted on Friday that the US economic output is presumed to decline 6.6% in the current year due to the coronavirus-caused upset and the ongoing resurgence in infections.

Fri, 17 Jul 2020 16:05:30 GMT

Fed expands its lending program

The US Federal Reserve will scale up its lending program to incorporate nonprofit organizations that employ 10 or more workers to smoothen the turbulences caused by the COVID-19 pandemic.

Fri, 17 Jul 2020 15:24:50 GMT

Oil prices balance on stimulus expectations

On Friday, during the early US trading hours, the prices of Brent and WTI futures remained stable on hopes of economic stimulus programs, despite the surge in the US coronavirus cases.

Fri, 17 Jul 2020 13:57:23 GMT

BoE's Bailey views UK economy recovering

Andrew Beiley, the Governor of Bank of England, stated on Friday that the British economy had started to recover from the coronavirus lockdown, but added that some sectors remained weak with the longer-term outlook unclear.

Fri, 17 Jul 2020 13:34:30 GMT

EU watchdogs halt LSE-Refinitiv probe

The EU antitrust regulators temporarily suspended the inquiry into the LSE's $27B bid for Refinitiv, the data and analytics firm, as they await the requested data from the companies.

Fri, 17 Jul 2020 12:04:57 GMT

HSBC's global equities head set to leave

HSBC's global equities boss Hossein Zaimi is set to leave the lender, in the latest restructuring of the bank's investment banking operations, sources reported on Friday.

Fri, 17 Jul 2020 10:51:27 GMT

BlackRock quarterly profit rises 21%

On Friday, the world's biggest asset manager BlackRock posted a 21% surge in its quarterly profit on investors putting money into the cash management service and fixed-income funds.

Fri, 17 Jul 2020 10:37:17 GMT

New York plans $750M investment for EV expansion

New York's Governor Andrew Cuomo announced it would invest $750M in the electric vehicle infrastructure expansion, including building charging stations, as the state seeks to reduce emissions.

Fri, 17 Jul 2020 09:31:40 GMT

Twitter postpones new API software launch

Twitter will delay the roll-out of a new API software after the company has recently experienced a cyber-attack on several high-profile accounts.

Fri, 17 Jul 2020 08:24:10 GMT

Microsoft cuts jobs amid new fiscal year

Microsoft Corp has cut its workforce across the globe as the software giant entered its new fiscal year starting from July 1, with Business Insider reporting earlier that the company trimmed under 1K jobs across the business this week.

Fri, 17 Jul 2020 06:45:33 GMT

Hackers target 130 Twitter accounts this week

Hackers targeted around 130 Twitter accounts intros week's cyber attacks, during which the profiles of prominent organisations and personalities were compromised, Twitter stated late on Thursday.

Fri, 17 Jul 2020 05:43:09 GMT

VW sees slight growth in China's premium auto segment

The German carmaker Volkswagen AG forecasts a mild growth in the Chinese premium auto segment in 2020 despite a decline in the broader market sales, VW's senior executive said.

Fri, 17 Jul 2020 05:15:50 GMT

Netflix appoints content chief as co-CEO

Netflix appointed Ted Sarandos, its content chief, as a co-Chief Executive Officer, making him a successor to Reed Hastings, the streaming video service reported.

Fri, 17 Jul 2020 02:01:09 GMT

BA retires fleet

On Thursday, the British Airwayys announced that it would scrap its fleet of Boeing jumbo jets.

Thu, 16 Jul 2020 19:41:48 GMT

American, JetBlue tie up to bolster NY recovery

On Thursday, American Airlines and JetBlue Airways announced they would form a strategic partnership, seeking to bolster flying options in Boston and New York and build a "growth engine" to help recover from the coronavirus pandemic.

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