News

Note: This section contains information in English only.
Thu, 11 Feb 2021 20:00:51 GMT

PepsiCo expects revenue growth

PepsiCo expects organic revenue growth in 2021 as economies reopen and consumers return to pre-pandemic lifestyles, a statement published by the company shows.

Thu, 11 Feb 2021 18:53:48 GMT

Commerzbank reports $3.3B Q4 loss

Germany's Commerzbank announced a $3.3B loss in the fourth quarter of the previous year as the bank continues a major restructuring and deals with the effect of the COVID-19 pandemic.

Thu, 11 Feb 2021 18:01:00 GMT

Euro zone economy to rebound less than forecasted

The euro zone economy is expected to rebound less than previously expected amid a second wave of the COVID-19 pandemic, data published by the European Commission show.

Thu, 11 Feb 2021 17:04:26 GMT

Pictet: S&P 500 to rise

The Geneva based asset management arm of the Pictet Group expects S&P 500 to increase 10% from its current levels, a statement published by the company shows.

Thu, 11 Feb 2021 16:13:29 GMT

US House committee approves $42.5B for transportation

The US House Transportation and Infrastructure Committee approved a $42B assistance for the transportation sector and its employees as a part of global $1.9T COVID-19 relief plan.

Thu, 11 Feb 2021 14:55:02 GMT

Commerzbank posts $3.3B loss in Q4

On Thursday, Germany's Commerzbank posted a $3.3B loss in its Q4 due to the company's major restructuring and the pandemic fallout.

Thu, 11 Feb 2021 14:30:25 GMT

Nvidia stock reaches new all-time high

At the start of Thursday's trading, the stock price of Nvidia reached a new all-time-high at 599.22 and extended the February surge above 15.00%.

Thu, 11 Feb 2021 13:36:21 GMT

US chip industry seek plant funding

On Thursday, the US chip industry called on the US President Joe Biden's Administration to provide semiconductor factories with substantial funding as part of the infrastructure plans and economic recovery.

Thu, 11 Feb 2021 12:10:00 GMT

US considers new sanctions on China

The Biden administration is considering to add new restrictions on some sensitive tech exports to China, Reuters reported.

Thu, 11 Feb 2021 11:17:34 GMT

Oil prices end surge

After nine sessions of surging, crude oil prices declined on Thursday. The decline was seen as a consolidation of previous gains.

Thu, 11 Feb 2021 09:51:46 GMT

VW picks Microsoft for self-driving software

On Thursday, Volkswagen announced it would use Microsoft's cloud computing services for its self-driving software development.

Thu, 11 Feb 2021 08:49:13 GMT

AstraZeneca sees 2021 revenue growth

On Thursday, the British drugmaker AstraZeneca forecast its revenue growth in 2021 after topping analysts' estimates for its Q4 product sales.

Thu, 11 Feb 2021 07:41:38 GMT

Xi, Biden discuss US-China relations

The Chinese President Xi Jinping and his US counteract Joe Biden held the first phone call over tensions between the two countries.

Thu, 11 Feb 2021 05:46:02 GMT

Mastercard to support cryptocurrencies

Mastercard Inc announced that it was planning to support some cryptocurrencies on its network in 2021.

Thu, 11 Feb 2021 05:25:28 GMT

Microsoft seeks deal with Pinterest

Microsoft Corp approached Pinterest in recent months over a potential deal to buy the $51B social media company, the Financial Times reported, citing sources.

Thu, 11 Feb 2021 04:30:08 GMT

Volkswagen: chip supply to be tight in H1

Volkswagen announced its expectations for chip supply to remain tight in the H1 of this year, but that it is set to do everything to compensate for the delay in production in the H2.

Wed, 10 Feb 2021 21:45:25 GMT

Bank of Canada works on digital currency

The COVID-19 pandemic added urgency to the Bank of Canada's digital currency development, suggesting that decision could come sooner than expected, a senior policymaker stated.

Wed, 10 Feb 2021 20:44:16 GMT

Coca-Cola turns to 100% recycled bottles

Coca-Cola is set to sell its popular drinks in plastic bottles produced from 100% recycled material in the US, the beverage maker announced.

Wed, 10 Feb 2021 20:07:11 GMT

Viant gets $2.5B valuation

Viant Technology's shares soared 76% in their market debut, giving the advertising software firm a $2.53B market capitalization.

Wed, 10 Feb 2021 19:00:29 GMT

Archer goes public, backed by United Airlines

Archer, the electric aircraft startup, is expected to go public via a merger with the blank-check firm in a $3.8B deal and backed by investment and order from United Airlines.

Wed, 10 Feb 2021 17:57:57 GMT

GM: chip shortage to hit profits by $2B

General Motors stated that the global semiconductor chip shortage is likely to slash up to $2B from profit this year, while its highly profitable SUVs and big pickups would not suffer production cuts.

Wed, 10 Feb 2021 17:03:05 GMT

SoftBank plans investment in Pacific Biosciences

SoftBank Group is planning to make a $900M worth investment in Pacific Biosciences, the gene sequencing firm, according to the company's statement made on Wednesday.

Wed, 10 Feb 2021 16:06:10 GMT

Coca-Cola sees sales growth on vaccine hopes

On Wednesday, Coca-Cola stated it expected a rebound in its organic revenue growth in 2021 on hopes that vaccine worldwide launches will let consumers return to sporting events and cinemas that boost the company's sales.

Wed, 10 Feb 2021 14:44:37 GMT

ThyssenKrupp raises earnings forecast

ThyssenKrupp revealed on Wednesday that the company would raise its full-year earnings forecast for the first time in a period of four years.

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