News

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Thu, 20 Aug 2020 15:45:49 GMT

Waterdrop raises $230M

China's online insurance platform Waterdrop raised $230M in a funding round led by Swiss Re and Chinese internet giant Tencent Holdings.

Thu, 20 Aug 2020 14:43:47 GMT

Airbnb files for initial public offering

Airbnb announced that it filed for an initial public offering with the US regulators, as the market of short-term rental rebounded.

Thu, 20 Aug 2020 13:44:54 GMT

Chinese loans to small business grow

The People's Bank of China revealed on Thursday that its loans to small businesses had increased by 27.5% on a year to year basis.

Thu, 20 Aug 2020 12:41:06 GMT

China and US agree to hold talks

On Thursday, the Chinese Commerce Ministry announced that the United States and China have agreed to continue their previously paused trade talks.

Thu, 20 Aug 2020 12:15:04 GMT

Global stock indices drop

As the Federal Reserve strengthened the US Dollar on late Wednesday, a global stock sell off started during Thursday's trading hours.

Thu, 20 Aug 2020 11:27:33 GMT

Fed cuts dollar swaps

On Thursday, the Federal Reserve announced that it would cut its one-week US Dollar swap operation with other major central banks.

Thu, 20 Aug 2020 09:41:10 GMT

European share prices decline

During Thursday's European trading hours, European stock indices declined, as the Federal Reserve Meeting Minutes strengthened the US Dollar and caused a European sell off.

Thu, 20 Aug 2020 09:08:18 GMT

Nio begins battery leasing service

China's electric vehicle producer Nio has started a battery renting service, which would allow drivers to purchase an electric vehicle without owning the battery.

Thu, 20 Aug 2020 08:09:49 GMT

US Dollar retreats from 2-year low

The US Dollar rebounded on Wednesday, the dollar index, which measures the greenback's against a basket of currencies rose by 1% above the two-year low at 92.12.

Thu, 20 Aug 2020 04:42:04 GMT

Subaru to use Xilinx's chips

Xilinx Inc and Subaru Corp stated that the Japanese automaker is set to use one of the Silicon Valley firm's chips to power a driver-assistance system.

Thu, 20 Aug 2020 04:28:42 GMT

Nvidia sales to beat estimates

Nvidia announced expectations for Q3 sales above forecasts, though results from the data centre business of the semiconductor industry disappointed some investors, pressuring shares.

Thu, 20 Aug 2020 03:23:02 GMT

Maersk: container demand to recover

Maersk issued earnings guidance exceeding its expectations at the beginning of 2021 and said it anticipates container demand to return to pre-COVID levels in the H1.

Wed, 19 Aug 2020 20:43:48 GMT

EU to impose sanctions on Belarus

The EU did not recognize Belarus elections' results and is set to shortly impose sanctions over those who participated in the repression of protests and electoral fraud.

Wed, 19 Aug 2020 19:42:28 GMT

Southwest forecasts lower cash burn

On Wednesday, Southwest Airlines announced that the company expects a smaller third quarter cash burn, as flight booking had been improving.

Wed, 19 Aug 2020 19:33:08 GMT

OPEC+ holds meeting

Reuters revealed on Wednesday that OPEC+ and its allies gathered on Wednesday to review how the countries had complied with agreed oil production cuts.

Wed, 19 Aug 2020 18:19:28 GMT

Amazon expands into UK

Amazon revealed on Wednesday that the company had increased its expansion into UK grocery market by making a deal with Morrisons.

Wed, 19 Aug 2020 16:41:02 GMT

Marriott faces lawsuit

Reuters reported on Wednesday that Marriott International would face a data breach lawsuit in London against a group of hotel guests.

Wed, 19 Aug 2020 15:44:05 GMT

Germany comments on vaccinations

The German vaccines regulator announced on Wednesday that Germany could start coronavirus vaccination in early 2021.

Wed, 19 Aug 2020 14:41:17 GMT

USO receives Wells notice

The US Securities and Exchange Commission revealed on Wednesday that it had sent the Unites States Oil Fund a Wells notice.

Wed, 19 Aug 2020 13:47:28 GMT

PizzaExpress closes down restaurants

On Wednesday, PizzaExpress announced that it would close down 73 outlets in the United Kingdom, as the company cannot handle rental costs.

Wed, 19 Aug 2020 12:44:54 GMT

Target sales hit record

On Wednesday, Target Corp reported the company's best quarterly sales increase and a tripled online revenue.

Wed, 19 Aug 2020 11:41:26 GMT

Wall Street surges

On Wednesday, Wall Street stock indices were pushed higher by better than expected earnings from Lowe's and Target.

Wed, 19 Aug 2020 10:44:12 GMT

European shares weaken

On Wednesday, European stock indices declined. The stock drop was attributed to the ongoing growth in coronavirus cases.

Wed, 19 Aug 2020 09:45:55 GMT

Crude oil prices decline

During Wednesday's European trading hours, crude oil price benchmarks declined, as the markets expected a decline in US oil demand.

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