News

Note: This section contains information in English only.
Fri, 13 Mar 2020 14:41:18 GMT

Xerox delays HP shareholders meeting

On Friday, Xerox Holdings Corp announced it was set to postpone the scheduled meeting with HP Inc's shareholders due to the coronavirus outbreak.

Fri, 13 Mar 2020 13:47:13 GMT

SoftBank buys back $4.8B after stock plunges

SoftBank Group Corp has unveiled a buyback of up to $4.8B of its shares following a slump in the Japanese investment group's shares in March.

Fri, 13 Mar 2020 12:43:13 GMT

Sweden subsidizes companies

On Friday, the Swedish Central Bank announced that it would lend almost $51 billion to Swedish companies in an effort to boost the economy.

Fri, 13 Mar 2020 11:58:06 GMT

VW plans expansion in EV batteries

Germany's Volkswagen is planning to tap the electric vehicle batteries as part of its green cars expansion, seeking to compete with energy and utilities firms, Michael Jost, the carmaker's Chief Strategist stated.

Fri, 13 Mar 2020 10:47:18 GMT

Verizon lifts its 2020 capital expenditure

VerizonCommunications increased its annual capital expenditure to $17.5B-$18.5B in 2020, as the company accelerates the transition to 5G network.

Fri, 13 Mar 2020 09:42:19 GMT

Juul co-founder Monsees to quit

On Thursday, Juul Labs Inc announced that James Monsees, the company's co-founder, is planning to step down from his position in the e-cigarette maker as a board member and adviser.

Fri, 13 Mar 2020 08:44:36 GMT

France to allow Huawei gear in 5G network

France is set to authorise the use of Huawei's equipment in its 5G network roll-out, despite the US calls to ban China's telecoms group from the next-generation communications.

Fri, 13 Mar 2020 07:42:58 GMT

Slack shares drop on soft outlook

Slack Technologies, the workplace communication platform, is expecting a soft revenue forecast for its Q1, sending the firms's shares down over 20%, according to Reuters.

Fri, 13 Mar 2020 07:26:28 GMT

Trump inks law to bar Huawei network equipment

On Thursday, the President Donald Trump has signed a legislation to prevent telecom carriers from buying network equipment from such companies as Huawei Technologies, ZTE Corp and others that deemed a threat to national security.

Fri, 13 Mar 2020 06:31:11 GMT

France allows Huawei 5G gear

Reuters on Thursday revealed that the French government would allow some Huawei gear in the country's 5G network.

Fri, 13 Mar 2020 05:18:21 GMT

Stocks end Bull Run

On Thursday, US stocks ended the eleven year Bull Run, as stock indices tanked and triggered various criteria for a bear market.

Fri, 13 Mar 2020 04:02:46 GMT

Trump comments on market drop

On Thursday, the President of the United States Donald Trump stated that the recent drop in stock markets has not even reached the 2019 low level.

Thu, 12 Mar 2020 22:00:31 GMT

Stock markets suffer record drop

During Thursday's trading, global stock indices suffered a meltdown. The drop was led by Italian stocks plummeting by 17% during one trading session.

Thu, 12 Mar 2020 20:42:45 GMT

Azul and LATAM Airlines cut capacity on international flight

Azul shares edged lower by 34%, and LATAM shares declined by 13% after the Azul SA and LATAM Airlines announced a 30% cut on international flights due to the coronavirus pandemic.

Thu, 12 Mar 2020 19:50:52 GMT

EU rejects US travel ban

On Thursday, Charles Michel, the EU Council President, said that the European Union opposes the US decision to unilateral impose a travel ban on European nations to the United States.

Thu, 12 Mar 2020 18:45:28 GMT

ECB approves fresh stimulus measures

On Thursday, the European Central Bank President Christine Lagarde said that the ECB had approved new stimulus plans to support the weak Eurozone economy cope with the impact of the coronavirus.

Thu, 12 Mar 2020 17:57:56 GMT

Cunningham says NYSE does not plan to close trading floor

On Thursday, the President of the New York Stock Exchange Stacey Cunningham said that the NYSE is not planning to close the trading floor at this time.

Thu, 12 Mar 2020 16:55:28 GMT

Sinclair Oil to review initial incoming offers for company sale

According to three sources with knowledge of the matter, Sinclair Oil is weighing the initial incoming offers and would determine whether to sell the company.

Thu, 12 Mar 2020 15:45:59 GMT

Markets plunge into bear market

The global markets plunged into bear market zone on Thursday, as indices declines below the 200-week moving average, which has not occurred since 2008.

Thu, 12 Mar 2020 14:19:14 GMT

China's February car sales drop 79%

China's car sales tumbled 79% in February, the largest ever monthly decline, as the demand was hit by the outbreak of coronavirus.

Thu, 12 Mar 2020 14:18:04 GMT

AT&T's Xandr CEO announces resignation

Brian Lesser, the CEO of AT&T's advertising unit Xandr, stepped down from his position, raising questions over the future of the advanced advertising strategy, Reuters reported.

Thu, 12 Mar 2020 13:19:34 GMT

US producer prices show largest slip in five years

The US producer prices dropped by its most in the previous five years last month, tumbled by declines in good costs such as services and gasoline.

Thu, 12 Mar 2020 11:41:05 GMT

Coronavirus affects sales at WH Smith's UK airport shops

Sales at WH Smith's stores in Britain's airports plunged by 35% due to the coronavirus outbreak, potentially reducing the company's profit by about $51M in 2020, the UK retailer said.

Thu, 12 Mar 2020 11:26:21 GMT

Airline stocks plummet

On Thursday, stock prices of Airlines plummeted even further than during the previous week, as United States announced travel restrictions from the EU.

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