News

Note: This section contains information in English only.
Tue, 06 Oct 2020 09:41:31 GMT

Stocks reach high level

During Tuesday's European trading hours, global stock indices surged to a two-week high, as certainty was caused by the US President returning to the White House.

Tue, 06 Oct 2020 08:53:19 GMT

Faraday Future considers going public

Faraday Future, the electric vehicle start-up, is in talks over going public via a reverse merger deal with SPAC, its CEO stated.

Tue, 06 Oct 2020 08:23:31 GMT

Toyota-Panasonic JV to make Li-ion batteries

A joint venture of Toyota Motor and Panasonic are set to build lithium-ion batteries for hybrid vehicles in Western Japan beginning in 2022, according to the company's statement made on Tuesday.

Tue, 06 Oct 2020 07:02:00 GMT

SAP to invest in social, diverse businesses

SAP has pledged to allocate about 5% of its spending to diverse businesses and social enterprises by 2025, aiming to encourage greater environmental and social responsibility.

Tue, 06 Oct 2020 06:06:51 GMT

Southwest plans union pay cuts to prevent layoffs

Southwest Airlines is seeking unions to agree on pay cuts to avoid layoffs and furloughs through 2021 amid struggles in the industry to stem losses caused by the coronavirus pandemic.

Tue, 06 Oct 2020 05:30:29 GMT

Mitch McConnell comments on stimulus

The Head of the US Senate Majority leader Mitch McConnell announced on Monday that he did not see a possible deal on stimulus.

Tue, 06 Oct 2020 04:25:34 GMT

Johnson & Johnson pays fine

On Monday, Bloomberg revealed that Johnson & Johnson would pay a fine of more than $100 million to settle talc lawsuits.

Tue, 06 Oct 2020 03:26:21 GMT

Altmaier comments on shutdown

The Minister of Economy of Germany Peter Altmaier stated on Monday that Germany would avoid another industrial shutdown.

Mon, 05 Oct 2020 20:42:57 GMT

Fed's Evans comments on inflation

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that he expects US inflation to reach 2% by 2023.

Mon, 05 Oct 2020 19:45:46 GMT

China approves two new IPO applications

The China Securities Regulatory Commission approved IPO applications of Xinjiang Hongtong Natural Gas and Zhejiang Dayang Biotech Group.

Mon, 05 Oct 2020 19:06:21 GMT

Singapore retail sales decline

Retail sales in Singapore decreased by 5.7% to $2.49B in August, compared to the same period in 2019, the Department of Statistics of Singapore reports.

Mon, 05 Oct 2020 18:28:28 GMT

S.Korea online shopping reaches record high in August

Online shopping in South Korea reached a record high of $12.4B in August, an increase of 27.5% from the same period the prior year, data published by the Statistics Korea show.

Mon, 05 Oct 2020 16:45:47 GMT

Finland improves growth forecast

The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.

Mon, 05 Oct 2020 16:24:56 GMT

Euro area retail trade rises in August

The retail trade in the euro area increased by 4.4% in August, compared to the previous month, data published by the European statistical office Eurostat show.

Mon, 05 Oct 2020 15:32:39 GMT

Philippine Airlines to cut 2,700 jobs

The Philippine Airlines plans to cut around 2,700 employees amid the coronavirus pandemic, data published by the company show.

Mon, 05 Oct 2020 14:08:08 GMT

Indonesia discusses investment with Tesla

Indonesia has entered talks with Tesla, the US electric vehicles maker, over the possible investment in the country, an Indonesian official said.

Mon, 05 Oct 2020 13:15:13 GMT

Macquarie, Siemens arms form US JV

Units of Siemens and Macquarie Group are creating a joint venture "Calibrant Energy" with plans to make an investment in the EaaS sector in the US, both firms reported on Monday.

Mon, 05 Oct 2020 11:48:32 GMT

Rovio shares surge on CEO leave

Rovio Entertainment announced on Monday its CEO Kati Levoranta is set to quit her position at the Angry Birds game maker at the 2020-end, sending the company's shares up 1.2%.

Mon, 05 Oct 2020 10:41:42 GMT

Sony, Kioxia seek to keep supplying Huawei

Japan's Sony Corp and Kioxia Holdings, the memory chipmaker, are seeking the US approval to keep supplying Huawei Technologies, according to Nikkei report.

Mon, 05 Oct 2020 09:51:11 GMT

Microsoft builds hub in Greece

On Monday, Microsoft revealed that the company would build a new cloud service hub in Greece.

Mon, 05 Oct 2020 08:45:51 GMT

Stocks surge Trump's health improves

On Monday, stocks rose on the White House report that the health of the US President Donald Trump was improving, easing the political uncertainty triggered by his COVID-19 infection.

Mon, 05 Oct 2020 07:42:18 GMT

Airbus sees deteriorated aviation outlook

Michael Schoellhorn, the Airbus CTO, stated that the aviation industry outlook appeared to be worse than expected due to a resurge in coronavirus cases worldwide, as well as renewed travel restrictions.

Mon, 05 Oct 2020 06:41:03 GMT

Deutsche Boerse offers rising DAX to 40 firms

Deutsche Boerse, the exchange operator, has proposed on Monday to expand the number of firms included in the German DAX index from 30 to 40 units and introduce tougher conditions for the membership.

Mon, 05 Oct 2020 06:35:44 GMT

Cineworld halts its US, UK theatre operations

On Monday, Cineworld announced it would suspend its operations at movie theatres in Britain and the United States, impacting about 45K jobs amid a significant downturn caused by the COVID-19 crisis.

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