News

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Mon, 10 May 2021 15:00:07 GMT

Dow hits record high

On Monday, the Dow Jones Industrial Average hit an all-time high on bets that interest rates will remain low due to declining inflationary pressure.

Mon, 10 May 2021 14:00:14 GMT

Marriot posts losses

Marriot International posted quarterly losses on Monday, as the company was hurt by the ongoing collapse of the travel industry.

Mon, 10 May 2021 13:00:07 GMT

Panasonic forecasts new profits

On Monday, Panasonic announced that it is increasing its profit forecast due to a surge in battery sales.

Mon, 10 May 2021 12:00:10 GMT

US unions conflict with Mexico

It was revealed by Reuters on Monday that US unions had petitioned the US government with labour complaints against Mexico.

Mon, 10 May 2021 11:24:05 GMT

Stock futures hover near ATH

On Monday, US stock futures hovered near all-time-high levels, as the previous week's surge continued.

Mon, 10 May 2021 08:00:08 GMT

S.Korea, Israel to sign free trade deal

According to the Israeli Economy Ministry, South Korea and Israel will sign a free trade deal this week.

Mon, 10 May 2021 07:00:07 GMT

Crude oil prices edge higher

On Monday, crude oil prices edged higher after ransom-seeking hackers broke into the Georgia-based Colonial Pipeline.

Mon, 10 May 2021 06:00:08 GMT

Asian equities edge higher

On Monday, Asian equity markets edged higher, boosted by optimism for low interest rates.

Mon, 10 May 2021 05:00:07 GMT

Israel budget deficit declines

Israel's annual budget deficit declined to $48.8B, a report published by the Israeli Ministry of Finance shows.

Mon, 10 May 2021 04:00:18 GMT

SpaceX accepts Dogecoin to launch lunar mission

SpaceX will accept Dogecoin to help launch a lunar mission in the first quarter of 2022, the company says.

Mon, 10 May 2021 03:00:10 GMT

US dollar share in bank reserves drops

The share of US dollar in foreign exchange reserves of central banks declined to a 25-year low, data published by the International Monetary Fund show.

Sun, 09 May 2021 20:51:44 GMT

SEB cuts Latvia growth forecast

SEB, one of the leading banks in Latvia, lowered Latvia's 2021 economic growth estimate to 3.7% from 3.9%, a report published by the bank shows.

Sun, 09 May 2021 20:00:07 GMT

Ford Motor recalls nearly 617K Explorer SUVs

Ford Motor announced on Sunday that it is recalling about 617,000 Explorer SUVs in the United States because of faulty retention pins.

Sun, 09 May 2021 19:00:06 GMT

US probes Kabbage, fintechs

The US Justice Department is reviewing whether Kabbage Inc and other fintech firms miscalculated how much aid borrowers were entitled to from the Paycheck Protection Program, three sources told Reuters.

Sun, 09 May 2021 18:00:07 GMT

Myanmar's military approves $2.8B investment

According to a statement from the Directorate of Investment and Company Administration, Myanmar's junta has approved a $2.8 billion investment, including a gas power plant.

Sun, 09 May 2021 17:00:06 GMT

Dogecoin edges lower

On Sunday, Dogecoin cryptocurrency crashed by 36% from an all-time high after Tesla's CEO Elon Musk ended its appearance on the Saturday Night Live TV show.

Sun, 09 May 2021 15:48:07 GMT

Colonial Pipeline recovers after cyberattack

On Sunday, Colonial Pipeline, the top US fuel pipeline operator, has been trying to recover from the recent ransomware cyberattack, which had hit the company on Friday and forced to shut down, sparking worries about a surge in retail gasoline prices.

Sun, 09 May 2021 15:34:06 GMT

Didi to redirect passenger fees to profit

Didi Chuxing, China's ride-hailing giant backed by Alibaba, Tencent and SoftBank, is planning to take 3.1% of its passenger ride fees as the 2020 profit.

Sun, 09 May 2021 14:32:36 GMT

Israel and S. Korea to ink FTA

Israel and South Korea are set to clinch a free trade pact this week, Israel's first such a deal with the market of Asia, according to the Israeli economy ministry's statement made on Sunday.

Sun, 09 May 2021 13:35:01 GMT

Ford recalls about 617K Explorer SUVs

Ford Motor is recalling around 617K US Explorer sport utility vehicles due to faulty retention pins that pose risks to loosen and cause a detachment of roof rail covers from a car.

Sun, 09 May 2021 11:37:03 GMT

China's loan issuance on rise

According to the China Banking and Insurance Regulatory Commission, the volume of issued loans to private businesses by the end of March increased 29% year on year.

Sun, 09 May 2021 11:34:22 GMT

China's courier sector marks steady growth

According to the China's State Post Bureau, the Express Delivery Development index ended at solid 1,259.1 points last year.

Sun, 09 May 2021 10:36:33 GMT

US auto makers experience chips' deficit

Major American car producers warned authorities of Friday that they had no choice other than to decrease the output even more bacause of chips' shortage.

Sun, 09 May 2021 09:33:09 GMT

Dogecoin loses value

The price of Dogecoin notably decreased on Sunday after Ilon Musk said that it was a "hustle".

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