News

Note: This section contains information in English only.
Tue, 02 Feb 2021 07:55:35 GMT

BP profit drops on weaker demand

BP's profit tumbled to $115M in the Q4, missing analysts' estimates, plummeted by weaker energy demand amid the COVID-19 pandemic as well as weak trading results.

Tue, 02 Feb 2021 07:35:35 GMT

Panasonic reports Q3 operating profit gain

On Tuesday, Panasonic, Japan's consumer electronics maker, reported a Q3 operating profit of $1.24B, topping analysts estimates, driven by rebounded sales.

Tue, 02 Feb 2021 06:31:02 GMT

US Treasury continues borrowing

On Monday, the US Treasury announced that it would borrow $274 billion in the first quarter of 2021.

Tue, 02 Feb 2021 04:41:01 GMT

Silver surge is attributed to retail

Despite a decline during the US trading hours, US media blamed the Robinhood traders for a surge in silver prices.

Tue, 02 Feb 2021 04:31:05 GMT

US economy rebounds

It was revealed on Monday by the Congressional Budget Office that the US economy could recover 4.6% in 2021.

Mon, 01 Feb 2021 22:03:33 GMT

Markets expect Alphabet cloud data

On Tuesday, Alphabet would reveal its quarterly earnings and the operating profits of Google Cloud, which were previously hidden.

Mon, 01 Feb 2021 20:55:25 GMT

Chevron, Exxon CEOs discuss merger

The CEOs of Chevron Corp and ExxonMobil Corp held preliminary negotiations to explore the merger of the two biggest US oil producers, sources familiar with the matter said.

Mon, 01 Feb 2021 19:44:31 GMT

HSBC starts Thai private banking business

HSBC Holdings PLC announced that it set up new private banking operations in Thailand, the lender's second onshore expansion in Asia.

Mon, 01 Feb 2021 18:46:04 GMT

Ford to team up with Google on modernisation

Ford Motor is set to tap into software, cloud computing and AI offered by Alphabet's Google to modernize internal operations and develop new customer services, the companies stated.

Mon, 01 Feb 2021 17:58:31 GMT

EU claims to overturn Apple tax judgment

The EU antitrust enforcers claimed that a court made errors when scrapping the order for Apple to pay 13B in Ireland's back taxes, filing to overturn the verdict.

Mon, 01 Feb 2021 16:43:22 GMT

Mexico to seek $500M from First Majestic

Mexico's government is set to seek more than $500M from First Majestic Silver, the Canadian miner, in owed taxes for maintaining silver prices low for a decade, two sources said.

Mon, 01 Feb 2021 16:15:33 GMT

Tesla to get German subsidies

Tesla stood to get a single-digit billion euro amount in Germany's public funding for building a battery cell manufacturing near Berlin, Business Insider stated.

Mon, 01 Feb 2021 15:00:11 GMT

Silver prices jump

At the start of US trading, the price of the iShares Silver Trust ETF jumped almost 12%, as a broad buying spree of the metal was taking place.

Mon, 01 Feb 2021 14:36:11 GMT

Xiaomi files complaint against US ban

China's Xiaomi has filed a legal complaint against the US Treasury and Defense Departments, claiming to eliminate the smartphone maker from the US list of firms with relations to the Chinese military.

Mon, 01 Feb 2021 13:35:32 GMT

Britain's factory growth suffers amid pandemic

UK factory growth is slowing after a sharp drop last month, caused by the coronavirus-related disruption to worldwide shipping and new EU trade barriers.

Mon, 01 Feb 2021 11:52:42 GMT

Chip sales soar 6.5% overall last year

Global semiconductor sales surged 6.5% globally in 2020, due to an on-going recovery within the last months that helped offset a steep drop-off in the first two months of spring last year.

Mon, 01 Feb 2021 10:41:01 GMT

Silver tests high level

During Monday's European trading hours, silver prices surged to the eight-year high level, which was previously tested in September.

Mon, 01 Feb 2021 10:10:14 GMT

EU to decide on Microsoft's ZeniMax deal

The EU antitrust regulators is set to rule on Microsoft's $7.5B takeover of ZeniMax Media by March 5, the biggest gaming acquisition of the US tech giant to challenge Sony's PlayStation.

Mon, 01 Feb 2021 08:51:15 GMT

Nintendo raises full-year Switch sales outlook

On Monday, Japan's Nintendo upgraded its full-year forecast for the Switch console sales from 24M units to 26.5M units, while shares rose 3.4% to 62,640 yen.

Mon, 01 Feb 2021 07:55:40 GMT

Ryanair sees record annual loss

On Monday, Ryanair stated it was expecting to lose around €1B in the current financial year, the carrier's worst performance ever, but it forecast new significant growth opportunities due to the crisis.

Mon, 01 Feb 2021 06:00:38 GMT

Grab raises $2 billion in loan

On Monday, the Singapore-based Grab said in a statement that it upsized the debut term loan to $2 billion on strong investors demand.

Mon, 01 Feb 2021 05:01:48 GMT

ECB's Knot comments on stock market rally

On Sunday, the European Central Bank member Klaas Knot said that the global equity market rally could be fueled by increasing optimism of economic recovery.

Mon, 01 Feb 2021 04:02:03 GMT

Britain to apply for CPTPP membership

The UK Prime Minister Boris Johnson said in a statement on January 30 that the UK would formally apply for membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership next week.

Mon, 01 Feb 2021 02:45:58 GMT

Ten GOP Senators offer stimulus compromise

On Sunday, ten Republicans Senators offered the US President Joe Biden a compromised coronavirus relief package plan.

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