News

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Sat, 24 Oct 2020 14:19:39 GMT

US market liquidity remains in danger

The Federal Reserve Bank of New York stated on Saturday that the risk of sudden freezes in liquidity remained relevant and should be mitigated.

Sat, 24 Oct 2020 12:35:59 GMT

Delta, WestJet receives approval

The US Transportation Department stated on late Friday that it had granted a tentative approval to Delta Air and WestJet alliance.

Sat, 24 Oct 2020 11:35:46 GMT

China continues to buy US farm goods

According to data published by the US government, China made 50 out of 57 commitments to ease acquisition of the US farm products under the trade deal negotiated by Donald Trump.

Sat, 24 Oct 2020 10:35:52 GMT

Facebook likely to face charges from FTC

According to people familiar with the matter, the US Federal Trade Commission (FTC) is likely to charge Facebook for violation of anti-trust laws.

Sat, 24 Oct 2020 09:33:54 GMT

China to investigate unfair competition

According to the Xinhua news agency, Chinese market regulator is planning to analyse practices that lead to unfair competition on e-commerce platforms.

Sat, 24 Oct 2020 08:24:20 GMT

Japan to spend more on coronavirus

According to the Mainichi newspaper, the Japanese government is considering spending additional $95.5B to support the economy hit by the pandemic.

Sat, 24 Oct 2020 06:56:11 GMT

Ant Group to have the largest IPO

The founder of Alibaba Jack Ma stated on Saturday that Chinese fintech giant Ant Group would have the largest pricing in the world after making an IPO.

Sat, 24 Oct 2020 06:00:54 GMT

Sudan and Israel agree to normalize ties

Sudan and Israel have agreed to normalize ties in a US-brokered deal, the White House announced on Friday.

Sat, 24 Oct 2020 05:05:47 GMT

Italy prevents Huawei and Fastweb 5G deal

According to two sources with knowledge of the matter, Italy has vetoed the 5G network deal between Fastweb and the Chinese Huawei.

Sat, 24 Oct 2020 04:06:47 GMT

Libya's warring rivals sign permanent peace deal

The Libyan warring rivals have signed a permanent peace agreement, the Deputy Special Representative of the UN Secretary-General for Political Affairs in Libya Stephanie Williams said on Friday.

Sat, 24 Oct 2020 03:09:49 GMT

Pelosi says relief deal possible before election

On Friday, the US House of Representatives Speaker Nancy Pelosi stated that coronavirus stimulus deal was still possible before the November 3 election, but was up to the US President Donald Trump to act.

Sat, 24 Oct 2020 01:28:21 GMT

Crude oil prices edge lower

On Friday, crude oil prices declined by more than 1%. Brent crude futures were down by 1.4%, to $41.85 per barrel at 15:48 GMT, while the US WTI fell by 1.5%, to $40.04.

Fri, 23 Oct 2020 19:43:34 GMT

US seeks lawsuit response from Google

The US Justice Department called on Alphabet's Google to respond to its antitrust lawsuit by December 19, a court filing showed on Friday.

Fri, 23 Oct 2020 18:42:25 GMT

Airbus preps to increase production

The world's biggest planemaker Airbus called on suppliers to get ready for a surge by 18% in its best-selling A320 aircraft output in the 2021 second half, after the COVID-19 crisis.

Fri, 23 Oct 2020 17:42:18 GMT

Intel's margins drop, shares fall 10%

Intel Corp reported its margins plunged in the Q3 as consumers switched to cheaper laptops, sending the company's shares down 10% on the news.

Fri, 23 Oct 2020 17:03:40 GMT

Syncapay takes over Wirecard North America

The US company Syncapay has acquired the North American division of Germany's payments firm Wirecard, in a deal backed by Centerbridge Partners and Bain Capital Ventures.

Fri, 23 Oct 2020 16:32:12 GMT

US watches Tesla's new software release

The US car safety regulator stated it was looking into Tesla's release of its "self-driving" software version over potential safety risks.

Fri, 23 Oct 2020 15:30:58 GMT

Cisco's Webex reports participant growth

Webex, Cisco's video-conferencing app, gained 590M participants last month and is likely to hit the record of more than 600M in October, almost doubling the readings recorded in March during the pandemic.

Fri, 23 Oct 2020 14:20:17 GMT

British plans for autonomous cars threaten safety

Britain's plans to allow self-driving vehicles on motorways as early as 2021 would threaten peoples' safety because the current automated technology available falls short of human capabilities to drive, Thatcham Research stated on Friday.

Fri, 23 Oct 2020 12:57:42 GMT

Huawei posts Q3 revenue growth

Huawei Technologies reported a gain in its Q3 revenue on the back of the impact from the coronavirus pandemic and US restrictions on the Chinese technology company.

Fri, 23 Oct 2020 12:13:53 GMT

AmEx quarterly profit drops 40%

On Friday, American Express posted a nearly 40% drop in its quarterly profit, tumbled by lower credit card spending by its customers, as well as due to setting aside $665M for potential defaults.

Fri, 23 Oct 2020 11:13:37 GMT

Wells Fargo considers asset management unit sale

Wells Fargo is considering the asset management business sale, in a potential deal that could be the US lender's largest shake-up since Charles Scharf, the ex-head of the Bank of New York Mellon, joined the firm as its new CEO.

Fri, 23 Oct 2020 10:17:41 GMT

Daimler raises 2020 profit outlook

On Friday, Daimler has lifted its 2020 profit forecast after reporting a record 24% surge in the Chinese demand for the Mercedes-Benz vehicles that bolstered margins in the Q3.

Fri, 23 Oct 2020 08:50:36 GMT

UK PMI boosts GBP

As the UK Purchasing Managers Indices were published on Friday morning, the Pound surged despite a slowdown in economic recovery.

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