News

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Tue, 02 Jun 2020 11:00:10 GMT

Embraer searches new business partners

Embraer is looking for a new business partnership, after Boeing ditched their $4.2B deal that has been in the making for a few years, the Brazilian planemaker's CEO told Reuters.

Tue, 02 Jun 2020 09:45:02 GMT

Stock prices reach high level

On Tuesday, global stock indices reached a three month high level, as a recovery from the coronavirus was ongoing.

Tue, 02 Jun 2020 09:28:54 GMT

Britain lends £21B to small businesses

Britain has lent £21B to small businesses hit by the coronavirus crisis under the government-guaranteed programme in May, Reuters reported on Tuesday.

Tue, 02 Jun 2020 08:30:17 GMT

Geely's Polestar plans showroom expansion in China

Geely-owned electric car manufacturer Polestar is planning a major showroom network expansion in China, as the premium automaker prepares for car delivery to compete with Musk's Tesla Model 3.

Tue, 02 Jun 2020 06:49:23 GMT

France to sign Renault loan soon

On Tuesday, France's Finance Minister Bruno Le Maire stated the government would sign off on the planned €5.0B loan for the carmaker Renault soon.

Tue, 02 Jun 2020 06:37:16 GMT

VW signs $2.6B investment in Argo AI

Germany's carmaker Volkswagen has closed its $2.6B investment in the self-driving start-up Argo AI, which is now jointly controlled by VW and Ford Motor.

Tue, 02 Jun 2020 04:40:40 GMT

Mexico comments on reopening

On Monday, the Finance Minister of Mexico Arturo Herrera stated that the Mexican economy would overgo a smooth reopening.

Tue, 02 Jun 2020 04:30:52 GMT

US companies issue shares

Reuters revealed on Monday, that US companies have been releasing shares at a record rate, as the global stock markets continue to surge.

Tue, 02 Jun 2020 02:47:56 GMT

Global stock indices surge

During Monday's trading hours, global stock indices ended the day with a surge, as world economies reopened in the aftermath of the coronavirus.

Mon, 01 Jun 2020 21:17:03 GMT

Wall Street closes with surge

On Monday, US stock markets ended the day's trading with a surge, as reopening of economies offset riots.

Mon, 01 Jun 2020 19:51:51 GMT

Ted Baker seeks to raise £95M

Ted Baker is set to raise nearly £95M by selling shares at steep discount in a bid to ride out the coronavirus crisis, the fashion brand stated.

Mon, 01 Jun 2020 19:32:58 GMT

Brazil posts trade surplus of $4.5B in May

Brazil posted a $4.5B trade surplus last month, which was down 11.1% year-on-year and the lowest surplus registered in May in five years.

Mon, 01 Jun 2020 18:11:59 GMT

S. Korean car sales drop 36.3% in May

Global car sales of South Korean automakers tumbled 36.3% in May, compared to the same period in 2019, amid the coronavirus outbreak, industry data show.

Mon, 01 Jun 2020 17:02:19 GMT

Saudi Arabia to inject $13.3B in banking system

Saudi Arabia plans to inject $13.3B in the banking system amid the decline in oil prices, data published by the Saudi Arabian Monetary Authority show.

Mon, 01 Jun 2020 16:36:53 GMT

Portugal industrial production declines 25.9% in April

The Portuguese industrial production declined 25.9% in April, compared to the same period the prior year, the National Institute of Statistics of Portugal reports.

Mon, 01 Jun 2020 15:28:11 GMT

Portugal public debt increases to €262.1B in April

The Portugal's public debt increased to €262.1B in April, an increase of 2.82% from the prior month, a statement published by the Portuguese central bank Banco de Portugal shows.

Mon, 01 Jun 2020 13:42:41 GMT

Oil trades flat

During Monday's European trading hours, crude oil prices traded steady, as there were no major announcements being made in regards to oil supply and demand.

Mon, 01 Jun 2020 12:41:51 GMT

LSE could cut trading time

On Monday, the London Stock Exchange revealed that it has discovered broad backing in the markets for a reduction of the trading day by 90 minutes.

Mon, 01 Jun 2020 12:01:46 GMT

Samsung to build new memory chip line

Samsung Electronics announced on Monday it had begun building a new NAND flash memory chip production line in South Korea, as the coronavirus pandemic boosted demand for its servers and personal computers.

Mon, 01 Jun 2020 11:16:11 GMT

Coty names Chairman Harf as new CEO

On Monday, the cosmetics maker Coty stated it had appointed the Chairman Peter Harf as a new CEO of the company, as it seeks to restructure its business.

Mon, 01 Jun 2020 10:06:38 GMT

Stocks surge to high level

On Monday, global stock indices surged and almost reached a three month high level, as countries began to re-open their economies.

Mon, 01 Jun 2020 09:39:46 GMT

BYD to supply Ford with EV batteries

Buffet-backed BYD, the Chinese electric vehicle maker, is set to supply Ford Motor with EV batteries, Reuters showed on Monday.

Mon, 01 Jun 2020 07:57:55 GMT

Aussie dollar rises on recovery from pandemic

On Monday, the Australian Dollar rose as much as 1% to its three-month high of $0.6742, as investors focused on positive signs from the Chinese post-coronavirus economic recovery.

Mon, 01 Jun 2020 06:59:26 GMT

Amazon's Bezos invests in UK's Beacon

Amazon.com's CEO Jeff Bezos has selected the British digital freight forwarder Beacon for an investment, while Beacon reported it had raised more than $15M in the Series A fundraising, from the venture capital firm 8VC and investors including Bezos.

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