News

Note: This section contains information in English only.
Wed, 20 Jan 2021 11:41:40 GMT

European stocks surge

During Wednesday's European trading hours, stock indices surged, as a surge was attributed to a rise in luxury stock prices.

Wed, 20 Jan 2021 11:00:58 GMT

Jack Ma makes public appearance

On Wednesday, the Founder of Alibaba Group Jack Ma had his first public appearance since October.

Wed, 20 Jan 2021 09:58:11 GMT

Ford must recall 3M cars

The US auto safety regulator called on Ford Motor to recall 3M vehicles over potentially faulty Takata air bags, rejecting the carmaker's bid to avoid the recall.

Wed, 20 Jan 2021 09:01:28 GMT

Elliott Management to close its HK office

Elliott Management is shuttering the 20-strong office based in Hong Kong, as the US hedge fund moved responsibility for the Asia investment decisions to Tokyo and London.

Wed, 20 Jan 2021 08:37:15 GMT

Alibaba-backed firm Best considers sale

Best Inc, the Chinese logistics company backed by Alibaba Group, is exploring a sale amid a strategic review, Reuters reported on Wednesday.

Wed, 20 Jan 2021 06:00:22 GMT

Rivian raises $2.65 billion

The California-based electric vehicle startup Rivian announced on Tuesday a $2.65B investment, led by funds and accounts recommended by T. Rowe Price Associates Inc.

Wed, 20 Jan 2021 05:02:04 GMT

US FTC Chair Joseph to resign on Jan. 29

On Tuesday, Joseph Simons, the Chairman of the US Federal Trade Commission, announced that he would step down on January 29.

Wed, 20 Jan 2021 04:00:22 GMT

Yellen comments on US Dollar

On Tuesday, Janet Yellen, President-elect Joe Biden's incoming Treasury Secretary, said that the value of the US Dollar should be determined by the financial markets.

Wed, 20 Jan 2021 02:42:08 GMT

Blinken promises to revitalize US alliances

On Tuesday, Antony Blinken, President-elect Joe Biden's nominee for Secretary of State, said that he would work to build the damaged US diplomacy.

Tue, 19 Jan 2021 21:01:05 GMT

China economy expands 2.3% in 2020

The economy of China expanded 2.3% in 2020, compared to the previous year, data published by the National Bureau of Statistics show.

Tue, 19 Jan 2021 20:02:24 GMT

Germany reports higher tobacco sales

A total of $34.7B worth of tobacco products were sold in Germany in 2020, an increase of 5% from the prior year, the Federal Statistical Office Destatis reports.

Tue, 19 Jan 2021 19:01:45 GMT

China SF Holding reports revenue growth

SF Holding, China's express delivery giant, announced 30.77% revenue growth to $2.27B in December, compared to the same period the prior year, a statement published by the company shows.

Tue, 19 Jan 2021 17:41:17 GMT

Belarus GDP contracts

The economy of Belarus contracted 0.9% in 2020, compared to the previous year, data published by the National Statistics Committee show.

Tue, 19 Jan 2021 17:19:49 GMT

EV charging startup Volta raises $125M

Volta, an electric vehicle charging startup based in San Francisco, raised $125M from investors, a statement published by the company shows.

Tue, 19 Jan 2021 16:34:14 GMT

Hong Kong jobless rate reaches record high

The unemployment rate in Hong Kong increased to 6.6%, the highest level in 16 years, the Census and Statistics Department of the Hong Kong Special Administrative Region reports.

Tue, 19 Jan 2021 14:46:43 GMT

Cruise, GM tie up with Microsoft on self-driving cars

On Tuesday, self-driving automaker Cruise and General Motors announced they would team up with Microsoft to commercialise self-driving vehicles.

Tue, 19 Jan 2021 14:19:45 GMT

BoA's profit tops forecasts

On Tuesday, Bank of America reported a fall in its Q4 profit that still beat Wall Street's estimates, flagging a further economic recovery.

Tue, 19 Jan 2021 12:44:18 GMT

Goldman Sachs profit rises on M&A boost

On Tuesday, Goldman Sachs Group posted a 153% surge in its Q4 profit, driven by its M&A activity boost and a blowout performance at the core bond trading.

Tue, 19 Jan 2021 11:31:07 GMT

US Dollar declines on Tuesday

During Tuesday's European trading hours, the value of the US Dollar declined, as the currency was expected to decline due to additional US stimulus.

Tue, 19 Jan 2021 10:41:24 GMT

Experian revenue tops estimates

On Tuesday, Experian reported its Q3 revenue growth beat its previous target, driven by robust US mortgage volumes, but forecast a slowdown in its Q4.

Tue, 19 Jan 2021 10:35:56 GMT

China's Geely, Tencent tie up over smart car tech

Zhejiang Geely Holding, the Chinese group that holds Daimler's 9.7% of shares and owns Volvo Cars, announced on Tuesday it had teamed up with Tencent Holdings to develop autonomous driving and smart vehicle cockpit.

Tue, 19 Jan 2021 08:47:06 GMT

Turkey imposes ad ban on Twitter

Turkey has has banned advertising on Periscope, Pinterest and Twitter after the companies failed to appoint their local representatives in Ankara under the country's new social media law.

Tue, 19 Jan 2021 07:37:46 GMT

Cisco to acquire Acacia

On Tuesday, China's market regulator has approved Cisco Systems' plans. to acquire Acacia Communications, marking that both companies should comply with a particular set of conditions.

Tue, 19 Jan 2021 05:41:00 GMT

Alberta asks for pressure on Biden

On Monday, representatives of the Canadian Alberta province urged the Prime Minister Justin Trudeau to pressure the US President Joe Biden in regards to the Keystone XL pipeline.

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