News

Note: This section contains information in English only.
Sat, 04 Jul 2020 09:38:38 GMT

Shell considers moving HQ

Royal Dutch Shell CEO Ben van Beurden stated on Saturday that he did not exclude relocating the company's headquarters to the UK.

Sat, 04 Jul 2020 08:00:56 GMT

Aeromexico share price surge

The price of shares of Aeromexico increased 4.48% by Friday evening despite that company skipped debt payment.

Sat, 04 Jul 2020 06:43:47 GMT

Chinese services sectors expands in June

The Caixin/Markit Services Purchasing Managers' Index data showed on Friday that the Chinese services sector surged to 58.4 in June, the highest reading since April 2010.

Sat, 04 Jul 2020 06:21:16 GMT

Singapore launches investigation into Senjo and Citadelle

Singapore's Commercial Affairs Department has begun an investigation into Senjo Group, Citadelle Corporate Services and its subsidiaries.

Sat, 04 Jul 2020 04:56:43 GMT

Economic activity in Eurozone declines in June

The IHS Markit's Composite Purchasing Managers' Index data showed on Friday that economic activity in Eurozone contracted in June.

Sat, 04 Jul 2020 03:54:12 GMT

Knot comments on Eurozone's economy

The Dutch Central Bank President Klaas Knot stated on Friday that a recent data had solidified the confidence in the ECB's baseline scenario with a more favourable balance of risks.

Sat, 04 Jul 2020 03:11:51 GMT

Macron names new Prime Minister

On Friday, the French President Emmanuel Macron appointed Jean Castex as the new Prime Minister of France.

Fri, 03 Jul 2020 21:06:33 GMT

Brazil's economic activity declines in June

According to the Brazilian Services Purchasing Managers Index, Brazil's economic activity declined significantly in June.

Fri, 03 Jul 2020 20:45:36 GMT

Finnair to raise $575M in rights issue

Finnair stated that it is likely raise around $575M through oversubscribed rights issue, in a bid to strengthen its finances to cope with the coronavirus crisis.

Fri, 03 Jul 2020 18:51:39 GMT

HSBC closes metals business

HSBC Holdings decided to close industrial metals business, as Europe's biggest bank proceeds with plans to cut around 35K jobs.

Fri, 03 Jul 2020 17:48:53 GMT

Nissan's sales up 4.5% in China

Japanese automaker Nissan Motor stated that its sales in China rose 4.5% year-on-year to 136K vehicles in June.

Fri, 03 Jul 2020 17:09:08 GMT

Intel to invest $255M in Jio Platforms

Intel Corp's investment arm is expected to pay $255M for a stake in Jio Platforms, the digital unit of Reliance Industries.

Fri, 03 Jul 2020 15:45:29 GMT

Daimler to take 3% stake in Farasis

Daimler is set to deepen cooperation with Farasis Energy in an agreement, which includes taking about 3% equity stake in China's battery cell manufacturer.

Fri, 03 Jul 2020 14:44:23 GMT

Daimler plans French factory sale

Daimler is considering to sell its plant located in France in its production overhaul, the German automaker announced on Friday, that will trigger a restructuring worth millions of euros in the Q2.

Fri, 03 Jul 2020 13:41:24 GMT

Oil prices decline

At the end of Friday's European trading session, crude oil prices declined, as a record of new coronavirus cases in the US signalled a decline in future demand.

Fri, 03 Jul 2020 12:45:34 GMT

Fiat sticks to agreement

Fiat Chrysler announced on Friday that the rules of the merger with PSA have not changed despite some newspapers reporting the contrary.

Fri, 03 Jul 2020 11:21:30 GMT

RBS Chairman addresses BoE

On Friday, the Chairman of the Royal Bank of Scotland Howard Davies asked the Bank of England to lift limits on dividends.

Fri, 03 Jul 2020 11:19:37 GMT

US Dollar rises on Friday

During Friday's European trading hours, the US Dollar continued to gain value, as the surge caused by better than expected US employment data continued.

Fri, 03 Jul 2020 09:59:38 GMT

Air France cuts jobs

On Friday, a union representative stated that Air France informed the workers unions that it would cut 1,022 jobs at the airline HOP.

Fri, 03 Jul 2020 09:03:07 GMT

French service sector recovers in June

France's service sector activity has returned to its growth last month after easing the coronavirus restrictions in the country, bolstering the overall business activity, Reuters reported on Friday.

Fri, 03 Jul 2020 08:39:26 GMT

France's PM Philippe steps down

On Friday, Edouard Philippe, the French Prime Minister, has announced his resignation ahead of the government reshuffle triggered by the President Emmanuel Macron that is aimed at boosting green credentials as well as winning back voters for a potential re-election bid.

Fri, 03 Jul 2020 06:52:28 GMT

Tesla to build molecule printers for CureVac

Tesla is making mobile molecule printers for Germany's CureVac to help develop the COVID-19 vaccine, the electric carmaker's CEO Elon Musk announced via his twitter account.

Fri, 03 Jul 2020 06:20:02 GMT

Luckin's Lu to stay as chairman

Charles Zhengyao Lu, the co-founder of China's Luckin Coffee, would remain as the company's chairman after an ouster proposal, the embattled coffee chain stated.

Fri, 03 Jul 2020 04:42:59 GMT

Germany's June auto sales drop 40%

German car sales plunged by 40% last month, the Tagesspiegel newspaper reported, setting the European biggest car market for the worst year since 1989.

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