News

Note: This section contains information in English only.
Tue, 16 Mar 2021 16:29:51 GMT

US retail sales decline

US retail sales declined 3% to $561.7B in February, compared to the previous month, data published by the US Commerce Department show.

Tue, 16 Mar 2021 14:41:21 GMT

JPM's M&A chief leaves for Barclays

The Southeast Asia M&A chief of JPMorgan Chase & Co, Ee Ching Tay, stepped down from his role at the lender to head Barclays' Southeast Asian investment banking, according to Reuters.

Tue, 16 Mar 2021 14:19:04 GMT

Ford's JV to build e-vans from 2023

On Tuesday, Ford Motor said its Turkish joint venture is set to start building its Transit van's next version for the EU market in 2023, including hybrid and fully electric variants.

Tue, 16 Mar 2021 13:35:44 GMT

Foxconn considers EV production

Apple's major supplier Foxconn considers making electric vehicles at the Wisconsin high-profile plant in the US, though also thinks over Mexico, the Taiwanese company's chairman said on Tuesday.

Tue, 16 Mar 2021 11:50:03 GMT

ByteDance plans AI chips development

China's ByteDance is planning semiconductors chips development, as China seeks self-reliance by reducing dependence on foreign producers such as Nvidia Corp or Qualcomm Inc.

Tue, 16 Mar 2021 10:42:41 GMT

Oil prices decline

During Tuesday's European trading hours, crude oil price benchmarks declined. The decline was attributed to rising global stockpiles of oil.

Tue, 16 Mar 2021 09:58:05 GMT

VW plans cost cuts to raise profit

Volkswagen said on Tuesday it is planning cost cuts to raise its profit margins within the coming years, after the carmaker outlined an ambitious EV expansion.

Tue, 16 Mar 2021 09:08:39 GMT

Nokia to trim 10K jobs by 2023

On Tuesday, the Finnish telecoms company Nokia announced its plan to slash up to 10K jobs within the following two years to cut costs and make more investment in research capabilities amid its restructuring plan.

Tue, 16 Mar 2021 08:03:56 GMT

China's Ant Group valued at over $200B

Global investors valued China's Ant Group at more than $200B based on the fintech company's 2020 performance, giving a more sober assessment after its IPO shelving and forced restructuring.

Tue, 16 Mar 2021 07:02:59 GMT

VW to build EU battery cell plants

Volkswagen revealed its plans to build six battery cell factories in Europe and expand the EV charging infrastructure globally, as the carmaker seeks to overtake its rival Tesla.

Tue, 16 Mar 2021 05:41:11 GMT

Nokia partners with competition

On Monday, Nokia announced that it had partnered with Amazon, Google and Microsoft in the creation of new 5G radio solutions.

Tue, 16 Mar 2021 05:30:53 GMT

Crude oil prices decline

Crude oil price benchmarks declined during Monday' trading hours, as a pull-back from previous high levels was taking place.

Tue, 16 Mar 2021 03:49:44 GMT

US Dollar surges on Monday

During Monday's US trading hours, the US Dollar index booked a third session of gains against its peer currencies and other assets.

Mon, 15 Mar 2021 22:41:12 GMT

Dow Jones hits new ATH

On Monday, the Dow Jones US market index hit a new all-time high level, as the markets expected news from the Fed during this week.

Mon, 15 Mar 2021 21:00:20 GMT

Canadian home sales rise

Home sales and prices in Canada increased in February as the housing market recovers from the COVID-19 pandemic, data published by the Canadian Real Estate Association show.

Mon, 15 Mar 2021 20:17:28 GMT

Brazil inflation outlook rises

Brazil expects a 4.6% inflation in 2021, significantly above the previous target of 3.75%, a survey of economists published by the central bank shows.

Mon, 15 Mar 2021 19:01:26 GMT

Canadian housing starts drop

Canadian housing starts declined 13.5% in February, compared to the previous month, data published by the Canadian Mortgage and Housing Corporation show.

Mon, 15 Mar 2021 17:59:03 GMT

Battery maker Northvolt receives $14B order

The Swedish battery maker Northvolt won a $14B order from Germany's Volkswagen as the company aims to have 25% of the European market share by 2030, a report shows.

Mon, 15 Mar 2021 17:17:41 GMT

Volkswagen to build own gigafactories

Volkswagen plans to build its own gigafactories in Europe and expand electric vehicle infrastructure globally in an effort to speed up adoption of battery powered vehicles, the company reports.

Mon, 15 Mar 2021 16:35:09 GMT

Roche buys GenMark

Roche, the Swiss pharmaceuticals manufacturer, announced a $1.8M cash purchase of GenMark Diagnostics, a statement publsihed by the company shows.

Mon, 15 Mar 2021 15:17:16 GMT

Airlines report increases in leisure travel

On Monday, Southwest Airlines and JetBlue Airways reported that leisure travel had been increasing together with the start of global coronavirus vaccinations.

Mon, 15 Mar 2021 13:47:59 GMT

Bitcoin retraces downwards

During Monday's trading hours, in the aftermath of booking a new all-time high during the weekend, the price for Bitcoin declined below the 55,000 level.

Mon, 15 Mar 2021 12:45:47 GMT

US Dollar recovers

On Monday, the US Dollar entered its second session of gains. However, the currency index was still at March 10 levels.

Mon, 15 Mar 2021 11:44:23 GMT

China's factory, retail sector activity rises

The retail and factory sector activity in China surged during the 2021's first two months, topping estimates, as the economy is recovering from the coronavirus pandemic.

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