News

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Tue, 29 Sep 2020 09:42:51 GMT

Walmart invests in Tata

On Tuesday, Walmart revealed that it is in negotiating with Tata Group a $25 billion investment in Tata's planned super app.

Tue, 29 Sep 2020 08:41:11 GMT

European stock markets open lower

On Tuesday, European stocks opened lower, the pan-European STOXX 600 declined by 0.5% in early trading.

Tue, 29 Sep 2020 07:42:10 GMT

Walmart sees investment in Tata Group's app

Walmart has entered negotiations with Tata Group over its potential $25B investment in the conglomerate's "super app", according to the Mint newspaper's report published on Tuesday.

Tue, 29 Sep 2020 07:29:34 GMT

Musk plans to list Starlink business

Tesla's CEO Elon Musk is planning an initial public offering of Starlink, SpaceX's space internet business, but only a couple of years in the future.

Tue, 29 Sep 2020 05:11:47 GMT

GM repays tax

General Motors stated on Monday that the company would repay $28 million of Ohio state tax incentives.

Tue, 29 Sep 2020 03:40:39 GMT

Google enforces tax

On Monday, Google announced that the company would enforce a 30% tax on apps that would not comply with digital item selling rules.

Tue, 29 Sep 2020 03:30:49 GMT

UN studies illegal money in Africa

The United Nations revealed on Monday that illegal money outflows from Africa had reached $90 billion.

Mon, 28 Sep 2020 20:42:09 GMT

Cleveland Fed President comments on economy

On Monday, the President of the Federal Reserve of Cleveland Loretta Mester stated that the economic recovery of the US should be made more inclusive.

Mon, 28 Sep 2020 19:42:41 GMT

New Zealand reports more jobs

The economy of New Zealand added 9,147 more jobs in August, compared to July, data published by the statistics department Stats NZ show.

Mon, 28 Sep 2020 19:32:50 GMT

Malaysia exports decline

Exports of goods from Malaysia declined 2.9% to $19B in August, compared to the same period the prior year, the International Trade and Industry Ministry reports.

Mon, 28 Sep 2020 18:10:13 GMT

Myanmar attracts $5B in foreign investment

Foreign investment in Myanmar reached over $5B in the current fiscal year, data published by the Directorate of Investment and Company Administration show.

Mon, 28 Sep 2020 16:58:35 GMT

Maldives economy to recover by 2022

The economy of the Maldives will recover from the ongoing pandemic by 2022, a statement published by the Minister of Finance Ibrahim Ameer shows.

Mon, 28 Sep 2020 15:51:36 GMT

ADB loans $200M to improve energy sector infrastructure in Uzbekistan

The Asian Development Bank approved a $200M loan to improve infrastructure in the energy sector in Uzbekistan, a statement published by the bank shows.

Mon, 28 Sep 2020 15:30:04 GMT

Finnish consumers uncertain about economy

Consumer confidence among people living in Finland worsened in September, compared to the previous month, data published by the Statistics Finland show.

Mon, 28 Sep 2020 14:17:55 GMT

Amazon plans Prime Day event

On Monday, Amazon.com stated that Prime Day, the annual shopping event, would take place on October 13-14, after it had been postponed due to the coronavirus pandemic.

Mon, 28 Sep 2020 12:41:36 GMT

Samsung Energy opens lower than expected

Siemens Energy showed modest debut on Monday on the Frankfurt stock exchange with its shares opening lower than expected at €22.01 apiece.

Mon, 28 Sep 2020 11:50:57 GMT

Ford Motor applies for Germany's state aid

The US automaker Ford Motor applied for €500M of the German loan guarantees as the company had been by the coronavirus crisis, according to Handelsblatt.

Mon, 28 Sep 2020 10:40:45 GMT

VW, China ventures plans €15B in EV

On Monday, Volkswagen stated it was planning a €15B investment with three China's joint ventures in electric vehicles, the world's largest car market, during 2020 and 2024 time period.

Mon, 28 Sep 2020 09:42:04 GMT

Uber recovers London licence

On Monday, Uber won a legal case that would restore the taxi app's licence in London.

Mon, 28 Sep 2020 09:17:15 GMT

China's PMI seen to expand in September

The factory activity in China has likely grown at a little faster pace to 51.2 last month, signalling an ongoing recovery from the COVID-19 crisis.

Mon, 28 Sep 2020 08:28:29 GMT

Cleveland-Cliffs to acquire ArcelorMittal's assets

On Monday, the US largest iron ore pellets producer Cleveland-Cliffs announced it would acquire the US assets of ArcelorMittal, the world's biggest steelmaker, in a deal worth $1.4B.

Mon, 28 Sep 2020 06:49:51 GMT

SMIC's HK shares drop on US restrictions

Shares of SMIC listed in Hong Kong plunged over 7% on Monday, as Washington imposed new restrictions on the Chinese largest chip maker's export, Reuters reported.

Mon, 28 Sep 2020 06:33:08 GMT

China's Xpeng to build new plant

On Monday, Xpeng, the Chinese electric vehicle maker, announced its plans to construct new car factory in Guangzhou with $590M from the local government financing.

Mon, 28 Sep 2020 05:01:21 GMT

China Evergrande's shares jump over 10%

China Evergrande's shares surged over 10% after the company announced that it was making progress to reduce debt.

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