News

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Sat, 08 May 2021 08:00:07 GMT

Automakers ask Congress for help

On Friday, representatives of auto sector called the US Congress to help the industry with chips shortage by boosting domestic production.

Sat, 08 May 2021 07:00:08 GMT

Canada jobless rate rises

The unemployment rate in Canada increased 0.6% to 8.1% in April from the previous month, a report published by the Statistics Canada shows.

Sat, 08 May 2021 06:31:44 GMT

US stocks reach record highs

US stocks reached record highs on Friday after weak US jobs data alleviated concerns over higher interest rates in the near future.

Sat, 08 May 2021 05:00:09 GMT

Goldman Sachs offers bitcoin derivatives

Goldman Sachs allows investors to trade derivatives linked to bitcoin prices, Bloomberg News reports.

Sat, 08 May 2021 04:00:09 GMT

US wholesale inventories rise

US wholesale inventories increased less than expected in March, data published by the Commerce Department show.

Sat, 08 May 2021 03:00:07 GMT

White House comments on labour market

On Friday, the White House Advisor Heather Boushey commented that the impact of the coronavirus on the labour market had been decreasing.

Fri, 07 May 2021 21:00:07 GMT

SEC Chairman wants new rules

The Chairman of the SEC Gary Gensler stated on Friday that the SEC should implement new rules to control the impact of apps, social media and other tech on the financial markets.

Fri, 07 May 2021 20:00:06 GMT

US Chamber of Commerce makes statement

On Friday, the US Chamber of Commerce announced that the US government should end the $300 unemployment benefit program to solve labour shortages.

Fri, 07 May 2021 19:00:07 GMT

EU splits on vaccine waiver idea

Reuters revealed on Friday that European Union leaders were divided in regards to the idea presented by the US to waiver patent rights on COVID-19 vaccines.

Fri, 07 May 2021 18:00:06 GMT

Workers union sets up at Tesla

Germany's worker union IG Metall revealed on Friday that it would set up a worker council at the new Tesla's factory in Berlin.

Fri, 07 May 2021 17:00:11 GMT

Germany uses AstraZeneca vaccine

The Health Minister of Germany Jens Spahn stated on Friday that the AstraZeneca vaccine would be made available to all adults.

Fri, 07 May 2021 16:00:09 GMT

Commodity prices surge

During Friday's US trading hours, commodity prices surged due to the decline of the value of the US Dollar, which was caused by worse than expected employment data.

Fri, 07 May 2021 15:02:10 GMT

Stocks reach new record high

On Friday, US stock indices started the day by reaching new all-time-high levels, as worse than expected US employment data beat down the value of the USD.

Fri, 07 May 2021 14:00:07 GMT

USD/CAD increases volatility

At 12:30 GMT on Friday, the USD/CAD currency exchange rate increased volatility to 40 pips during a period of ten minutes. The move was caused by US and Canadian monthly employment data.

Fri, 07 May 2021 12:47:02 GMT

US Employment data beats down USD

On Friday, at 12:30 GMT, the release of US Employment data sets caused a surge of the EUR/USD of 71 base points. In addition, an all-out decline of the US Dollar was taking place.

Fri, 07 May 2021 12:00:07 GMT

IAG sees travel recovery in mid-summer

IAG, the owner of British Airways, is expecting the travel to recover starting from July, after anticipating its capacity would only climb to 25% in the second quarter.

Fri, 07 May 2021 11:32:05 GMT

News Corp Q1 revenue tops estimates

News Corp, the Wall Street Journal owner, reported o Thursday it had topped Wall Street's forecasts for its Q1 revenue, as its digital push boosted more subscribers for its Dow Jones division.

Fri, 07 May 2021 10:00:08 GMT

Bitcoin remains below 58,500.00

During Friday's European trading hours, the price for Bitcoin remained below the resistance of the 58,500.00 level, which had been holding since April 30.

Fri, 07 May 2021 09:04:13 GMT

Ericsson, Samsung reach patent agreement

Ericsson has settled a "multi-year" dispute with Samsung on the global patent licences after the row hit the Swedish telecom equipment maker's Q1 revenue.

Fri, 07 May 2021 08:20:48 GMT

BMW eager to meet 2021 outlook

On Friday, BMW stated it would stay the course to achieve its 2021 profit targets despite surging costs of raw materials.

Fri, 07 May 2021 07:00:07 GMT

Nintendo eyes Switch sales drop

Japan's Nintendo is expecting its annual sales of the Switch console to plunge 11.5%, signalling the first fall for the five-year-old device following the pandemic-driven boom in gaming.

Fri, 07 May 2021 06:14:01 GMT

Tencent seeks keeping gaming investments

Tencent Holdings has entered talks with the US national security panel over allowing the company to keep its investments in the US video game developers Epic Games and Riot Games.

Fri, 07 May 2021 05:00:07 GMT

ViacomCBS tops Q1 revenue forecasts

ViacomCBS topped Wall Street's Q1 revenue forecasts, boosted by robust advertising growth and streaming revenue after the rebranded Paramount+ service launch in March.

Fri, 07 May 2021 04:00:08 GMT

IBM to launch 2-nanometer chip tech

IBM unveiled on Thursday the first 2-nanometer chip technology in the world that is deemed to be 45% faster than the 7-nanometer chips in the majority of today's phones and laptops as well as up to 75% more power-efficient.

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