News

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Fri, 14 Feb 2020 17:00:55 GMT

Beijing imposes 14-day self-quarantine on arrivals

On Friday, the state-backed Beijing Daily newspaper reported that Beijing's authorities have imposed 14 days self-quarantine on those people, returning to the capital city.

Fri, 14 Feb 2020 15:41:17 GMT

FCA suspends production in Serbia amid China disruption

Fiat Chrysler announced on Friday it temporarily halted its output at the Serbian factory amid components disruptions, which sourced from China, as businesses had been hit by the coronavirus outbreak.

Fri, 14 Feb 2020 15:27:03 GMT

UK PM Johnson greets new cabinet

On Friday, Britain's Prime Minister Boris Johnson has welcomed the new cabinet of senior ministers, pledging to repay the voters' trust by building more hospitals, improving infrastructure and cutting crime.

Fri, 14 Feb 2020 13:25:04 GMT

Airlines halt flights to China over coronavirus

Large airlines are suspending their flights to China due to the coronavirus outbreak, including such giants as American Airlines, Air France, British Airways, Lufthansa, Qatar Airways and many others.

Fri, 14 Feb 2020 13:18:29 GMT

Renault posts first loss in ten years

Renault reported on Friday its first loss in the last ten years and trimmed its margin target for 2020, as the carmaker tries to reboot its alliance with Nissan after the Carlos Ghosn scandal.

Fri, 14 Feb 2020 12:03:22 GMT

VW to close coal-fired power stations to cut CO2

Volkswagen is planning to shut down two of its coal-fired power stations located at the main plant in Germany's Wolfsburg, with the intention to cut down its carbon dioxide emissions, the CEO Herbert Diess stated on Friday.

Fri, 14 Feb 2020 10:41:24 GMT

Nissan shares drop to decade-low amid earnings rout

On Friday, Nissan Motor shares plunged to their lowest level in ten-and-a-half years, falling about 10% after the Japanese carmaker trimmed its annual profit outlook and claimed it would not make a dividend payment in the second half.

Fri, 14 Feb 2020 10:26:42 GMT

Online luxury fashion retailer MyTheresa plans NYSE listing: sources

MyTheresa, the online lux-fashion retailer, has plans for listing on the NY Stocke Exchange and could take place as soon as April 2020, Reuters reported.

Fri, 14 Feb 2020 08:50:09 GMT

Mattel tops profit estimates on cost cuts

Mattel topped estimates for its quarterly profit results, benefited from a strong cost-cutting programme, despite the company's Q4 North American sales of the flagship Barbie brand were hit by Hasbro's "Frozen" dolls.

Fri, 14 Feb 2020 07:52:00 GMT

Tesla seeks raising $2.0B in share sale

Tesla is planning to attract $2.0B by a share sale, tapping into extraordinary jump in the carmaker's share price during the past few months, as well as reversing its policy of avoiding new stock sales.

Fri, 14 Feb 2020 06:56:22 GMT

Roku sees annual revenue to top forecasts

Roku is expecting its annual revenue to be in the $1.58B-$1.62B range, topping Wall Street forecasts, driven by the new streaming services launches, sending the company's shares up 10%.

Fri, 14 Feb 2020 05:42:54 GMT

Nvidia Q1 revenue beats expectations on cloud sales

Nvidia Corp forecast Q1 revenue that beat analysts' expectations, driven by its chips sales to cloud computing vendors, despite projecting a $100M hit from the outbreak of coronavirus in China.

Fri, 14 Feb 2020 04:54:42 GMT

EBay increases 2020 share buyback plan

EBay Inc raised its 2020 plan of a share buyback by adding $3.0B more and forecast strong Q1 profit after selling its StubHub ticketing division.

Fri, 14 Feb 2020 04:02:07 GMT

Tesla seeks building new range of Model 3s in China

Tesla is planning to receive approval from China's regulators to start building a new Chinese Model 3 longer range, according to Reuters.

Fri, 14 Feb 2020 03:22:14 GMT

Apple to resume store operations in Beijing

Apple is set to reopen some of its Beijing stores from February 14 with short opening hours, the tech giant announced on its website, after they were shut due to the coronavirus outbreak.

Thu, 13 Feb 2020 20:44:20 GMT

Argentine bonds decline

On Thursday, the Argentine bond prices fell to an average 2% after the country's Economy Minister Martin Guzman told Congress that debt load was unsustainable and restructuring was on the process.

Thu, 13 Feb 2020 19:51:27 GMT

Javid resigns as UK's Finance Minister

Sajid Javid, the UK Finance Minister, announced on Thursday that he had resigned from his position due to Prime Minister Boris Johnson's demands to fire his political advisers.

Thu, 13 Feb 2020 18:42:31 GMT

Global equity markets decline on Thursday

On Thursday, the US Dollar surged to more than two-year highs against the Euro, and the global stock markets edged lower, as concerns about the coronavirus unnerved investors and traders.

Thu, 13 Feb 2020 17:45:29 GMT

Tesla seeks building new range of Model 3s in China

Tesla is planning to receive approval from China's regulators to start building a new Chinese Model 3 longer range, Reuters reported on Thursday.

Thu, 13 Feb 2020 16:43:01 GMT

Alibaba tops forecasts on Singles' Day sales

On Thursday, Alibaba Group Holding beat analysts' expectations for its quarterly results, boosted by its record-high sales during the company's annual shopping blitz called "Singles' Day", as well as rising demand for the cloud computing business.

Thu, 13 Feb 2020 16:04:06 GMT

Apple to resume some store operations in Beijing

Apple is set to reopen some of its Beijing stores from February 14 with short opening hours, the tech giant announced on its website, after they were shut due to the coronavirus outbreak.

Thu, 13 Feb 2020 15:38:48 GMT

Barclays' Staley probed over Epstein ties

UK's financial watchdog has launched an inquiry into historical ties between Barclays CEO Jes Staley and Jeffrey Epstein, the US financier, who had killed himself before the sex trafficking charges trial, the bank stated on Thursday.

Thu, 13 Feb 2020 14:21:09 GMT

US jobless claims rise slightly last week

The number of filings for US unemployment benefits rose 2K to a seasonally adjusted 205K in the week ended February 8, missing analysts' estimates, according to the Labor Department report seen on Thursday.

Thu, 13 Feb 2020 12:44:04 GMT

British Domino's plans Norway business sale

Domino's Pizza Group, the UK's largest pizza delivery company, is planning a sale of its entire 71% stake in the Norwegian business to the existing minority shareholders.

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