News

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Thu, 02 Jul 2020 03:31:12 GMT

US stocks surge on Wednesday

During Wednesday's US trading hours, US stocks closed higher, as there were hopes in the news feeds of a coronavirus vaccine.

Wed, 01 Jul 2020 20:41:25 GMT

Apple closes down stores

Apple Incorporate announced on Wednesday that it would re-close seven stores in the US, which brings the total number of closed stores to 77.

Wed, 01 Jul 2020 19:42:40 GMT

Fed's Daly views five-year recovery

On Wednesday, Mary Daly, Federal Reserve Bank's President in San Francisco, stated that she was expecting up to five years of the US economic recovery in the best-case scenario, anticipating that unemployment would still top 10% in the 2020-end.

Wed, 01 Jul 2020 18:42:41 GMT

Zoom adds over 100 new tools

Zoom Video Communications has added more than 100 new features to the video conferencing platform on the back of the 90-day plan aimed at addressing privacy and security concerns.

Wed, 01 Jul 2020 17:42:57 GMT

VW, Continental searched amid diesel probe

German prosecutors searched offices of Volkswagen and car supplier Continental as part of the extended diesel emissions probe, both companies announced on Wednesday.

Wed, 01 Jul 2020 16:49:56 GMT

Macy's posts almost $4B in losses

On Wednesday, Macy's Inc recorded a $3.58B loss in its Q1, hit by the coronavirus outbreak that forced the department store chain to shut down its stores for a couple of months.

Wed, 01 Jul 2020 16:35:58 GMT

Tesla outstrips Toyota by market cap

The US electric vehicle producer Tesla has surpassed the market capitalization of Toyota by $5B on Wednesday, becoming the most valued car producer in the world.

Wed, 01 Jul 2020 15:26:05 GMT

Satabank's license taken away

On Wednesday, the banking license of the Malta-based Satabank has been withdrawn by the request of the Europen Central Bank on money-laundering suspicions.

Wed, 01 Jul 2020 13:48:44 GMT

Wirecard HQ searched by prosecutors

On Wednesday, Munich police and prosecutors searched the Wirecard headquarters as part of the fraud probe after Markus Braun, the payments company's ex-CEO, had been arrested the previous day.

Wed, 01 Jul 2020 12:43:58 GMT

Central Europe's manufacturing slide eases

The Central European manufacturing decline weakened markedly in June after economies reopened following the COVID-19 lockdown, while the sector still needs a while to return to growth.

Wed, 01 Jul 2020 12:08:35 GMT

Renault expects recovery in French auto sales

Renault is expecting a recovery in the French auto sales in June, after lifting the coronavirus lockdown, hoping it would carry on into the Q3, Ivan Segal, the brand's sales head for France reported on Wednesday.

Wed, 01 Jul 2020 10:24:23 GMT

Bank of England reviews climate impact

On Wednesday, the Governor of the Bank of England Andrew Bailey stated that the bank would consider climate change impact in their corporate bond buying program.

Wed, 01 Jul 2020 09:43:40 GMT

Geely's Volvo recalls about 2.2M cars

On Wednesday, Volvo Cars announced it was recalling about 2.2M cars made in the period of 2006 and 2019 due to a potential issue related to cables attached to vehicles' front seat belts.

Wed, 01 Jul 2020 09:31:30 GMT

Google raises YouTube TV price

On Tuesday, Alphabet's Google stated it had increased the YouTube TV online service price by 30% to $64.99 for a month, citing the surging cost of content.

Wed, 01 Jul 2020 07:58:28 GMT

FedEx shares rise over 9% on quarterly results

Shares of FedEx surged as much as 9.4% in Tuesday's extended trading after its quarterly revenue and profit topped analysts' forecasts, driven by a jump in home deliveries during the coronavirus lockdowns.

Wed, 01 Jul 2020 06:54:07 GMT

Google delays US office reopening until September

Google announced it would postpone the reopening of the tech company's offices in the United States by about two months, until September, due to an increase in the number of the coronavirus cases.

Wed, 01 Jul 2020 06:39:41 GMT

Netflix appoints new chief marketing officer

Netflix has picked Bozoma Saint John as its new chief marketing officer, effective in August, adding another high-profile specialist to the streaming giant's senior management.

Wed, 01 Jul 2020 05:02:54 GMT

NBG appoints Morgan Stanley as adviser

On Tuesday, Greece's second-largest lender NBG has appointed Morgan Stanley to advise on $6.73B bad debt sale.

Wed, 01 Jul 2020 04:05:27 GMT

Thailand regulates food and online delivery services

According to a top government official, Thailand's Office of Trade and Competition Commission has approved rules to regulate online and food delivery services.

Wed, 01 Jul 2020 03:03:00 GMT

Australia to boost defence spending

Australia plans to spend about $184.8 billion on military assets over the next ten years, the country's Prime Minister Scott Morrison would announce on Wednesday.

Wed, 01 Jul 2020 01:48:48 GMT

SAMA encourages commercial banks to lend more

The Governor of the Saudi Arabian Monetary Authority Ahmed al-Kholifey called for more lending from commercial banks to support businesses during the COVID-19 crisis.

Tue, 30 Jun 2020 20:11:31 GMT

Crude oil prices decline

During Tuesday's US trading hours, crude oil price benchmarks continued to decline, as a resurgence of coronavirus cases occurred globally.

Tue, 30 Jun 2020 18:42:36 GMT

Mexico unemployment grows

Data published on Tuesday, revealed that since March Mexico has lost 12 million jobs.

Tue, 30 Jun 2020 18:27:06 GMT

Airbus cuts jobs

On Tuesday, the airplane maker Airbus announced that it would increase its job cutting program to 15,000.

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