News

Note: This section contains information in English only.
Mon, 06 Jul 2020 16:08:34 GMT

NMI soared in June

On Monday, the US-based Institute of Supply Management reported the Non-Manufacturing Index climbed to 57.1 points in June, signaling possible recovery after coronavirus-caused lockdowns.

Mon, 06 Jul 2020 15:16:31 GMT

Tesla's red shorts sold out

The US electric vehicle producer Tesla sold out the satin shorts they offered to ridicule short-sellers after surpassing the market capitalization of Toyota.

Mon, 06 Jul 2020 14:00:12 GMT

Irish coronavirus jobless claims drop to 413K

The number of the COVID-19-related temporary jobless claims in Ireland dropped to 412,900, compared to the previous reading of 439,000, according to the government data published on Monday.

Mon, 06 Jul 2020 12:14:11 GMT

Lloyds Bank head to step down in 2021

Lloyds Bank's CEO António Horta-Osório announced on Monday that he was set to step down from his post the next year, leaving the British largest domestic bank to search for a successor to replace him.

Mon, 06 Jul 2020 11:39:33 GMT

UK considers tax cuts amid COVID recovery

Rishi Sunak, the British finance minister, is planning to restart the UK economy by granting homebuyers a tax break, while cutting the value-added tax for hospitality firms, pubs and restaurants, according to The Times newspaper.

Mon, 06 Jul 2020 09:41:18 GMT

Global stocks surge

During Monday's European trading hours, global stock indices surged to a four week high level. The surge was attributed to an increase of economic activity in China.

Mon, 06 Jul 2020 09:04:33 GMT

Ford's China ventures reports car sales growth

On Monday, Ford Motor's China ventures posted a 7.7% jump in its year-over-year sales in June, marking the ongoing recovering from the coronavirus crisis, but not disclosing the number of vehicles sold.

Mon, 06 Jul 2020 08:12:13 GMT

Berkshire to acquire Dominion Energy's gas assets

Warren Buffet's Berkshire Hathaway announced that its energy unit would acquire Dominion Energy's natural gas assets for $4B, in a move to reduce the conglomerate's cash pile, Reuters reported.

Mon, 06 Jul 2020 06:41:04 GMT

Uber to buy Postmates in $2.65B all-stock deal

Uber Technologies, the ride-sharing company, is set to acquire the food-delivery app Postmates in a $2.65B all-stock deal, according to a Bloomberg News report published late Sunday.

Mon, 06 Jul 2020 06:36:57 GMT

UK new car sales reports smaller drop in June

British new car sales declined by a third in June, reporting 145K units registered last month on annual basis, a smaller fall than in the prior three months.

Mon, 06 Jul 2020 05:05:29 GMT

French economy is pulling out of slump faster than expected

Francois Villeroy de Galhau, the governor of the Bank of France, stated on Sunday that France's economy is bouncing back faster than expected.

Mon, 06 Jul 2020 04:00:54 GMT

Commerzbank's top executives resign

According to sources with knowledge of the matter, Commerzbank's CEO Martin Zielke and Chairman Stefan Schmittmann have resigned after a damaging dispute with the German unions.

Mon, 06 Jul 2020 03:00:01 GMT

NZ's PM Ardern launches election campaign

On Sunday, the Prime Minister of New Zealand Jacinda Ardern launched her Labour Party's election campaign with promises of jobs and additional financing for small companies.

Mon, 06 Jul 2020 02:03:39 GMT

Scholz plans to give more power to financial watchdog

According to the Frankfurter Allgemeine Sonntagszeitung, Germany's Finance Minister Olaf Scholz planned to give the German Financial markets authority more control rights over financial reports.

Sun, 05 Jul 2020 19:35:10 GMT

UAE private sector bounces back to growth

The United Arab Emirates non-oil private sector rose in June for the first time in 2020, as coronavirus-related restrictions were lifted.

Sun, 05 Jul 2020 19:03:37 GMT

French economy keeps recovering

The French economy continued to recover from the slump induced by the coronavirus outbreak as fast as anticipated a month ago, the Bank of France Governor stated.

Sun, 05 Jul 2020 18:25:27 GMT

Singapore's retail sales down 52.1% in May

Singapore's total retail sales declined a record 52.1% on a yearly basis in May, during the COVID-19 crisis, according to SingStat report.

Sun, 05 Jul 2020 17:35:39 GMT

Vietnam to sell remaining stake in Sabeco

Vietnam's government is set to sell its remaining 36% stake in Sabeco, the country's largest brewer, by the end of 2020, an official document revealed.

Sun, 05 Jul 2020 15:41:12 GMT

Argentina economy to contract 12% this year

Argentina's economy is likely to contract 12% in 2020, worse than the prior forecast of a 9.4% drop, as output was ravaged the coronavirus pandemic.

Sun, 05 Jul 2020 14:54:53 GMT

SMIC to raise $6.55B in share sale

China's Semiconductor Manufacturing International Corp is expected to raise $6.55B in share sale at the Shanghai Stock Exchange.

Sun, 05 Jul 2020 14:00:23 GMT

Bangladesh forex reserves rise

Foreign exchange reserves of Bangladesh reached a record high of over $36B in June, data published by the Bangladesh Bank show.

Sun, 05 Jul 2020 13:18:56 GMT

China demand for loans rises in Q2

Overall demand for loans in China increased in the second quarter of 2020, compared to the previous three months, the People's Bank of China reports.

Sun, 05 Jul 2020 11:57:09 GMT

Chinese residents increase consumption in Q2

Chinese residents increased their consumption in the second quarter of 2020, data published by the People's Bank of China show.

Sun, 05 Jul 2020 11:21:38 GMT

China home prices increase in June

New home prices in China increased slightly by 0.53% to $2,189 per square meter in June, compared to the previous month, the China Index Academy reports.

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