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Company news

17.07.2020 13:00:26

Gold prices slip amid fresh COVID-19 vaccine hopes, continued stimulus in Europe

Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...

17.07.2020 13:00:26

Netflix appoints Ted Sarandos as co-chief executive officer

On Thursday, Netflix Inc. (NFLX.O) promoted the architect of its programming strategy Ted Sarados to the role of co-chief executive officer. Netflix’s Chairman and Chief Executive Officer Reed Hastings announced that Ted would be his ...

17.07.2020 13:00:26

United Airlines' pilots' union to reach limited furlough agreement

On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...

17.07.2020 07:00:23

Singapore exports surpass estimates, advance 16.1% in June

June had seen Singapore’s non-oil domestic products advancing 16.1% from a year earlier. The reading managed to place above estimates backed by strong activity in shipments of pharmaceuticals, specialized machinery, and electronics, ...

17.07.2020 07:00:22

Asian markets await bullish ride on struggling U.S. market

Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...

17.07.2020 06:00:24

Oil steadies on fuel demand uncertainty

Oil prices steadied on Friday as the market was filled with uncertainty on fuel demand recovery. This came after coronavirus cases continued to surge while major oil producers began to loosen output cuts. U.S. West Texas Intermediate crude ...

17.07.2020 06:00:24

Dollar firms as coronavirus cases surge, yuan drops

The dollar firmed against its peers as concerns that a resurgence of the coronavirus will restrict economic activity lifted the safe-haven demand for the U.S. currency. The yuan suffered declines in the past three weeks as the diplomatic tensions ...

16.07.2020 13:00:25

China to take 'necessary' measures in response to the U.K.'s Huawei ban

China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...

16.07.2020 13:00:25

E.U. Court of Justice rejects the EU-U.S. data transfer mechanism in the Facebook privacy case

On Thursday, the European Court of Justice (ECJ) rejected the validity of the data transfer mechanism used by the European Union and the United States which could facilitate the transfer of data from both countries. The data transfer tool ...

16.07.2020 13:00:25

European new car sales see 24.1% slump year-on-year for June

European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...

16.07.2020 13:00:25

European stocks open lower ahead of ECB meeting

European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...

16.07.2020 11:00:26

Oil falls after OPEC+ eases production cuts

Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...

16.07.2020 11:00:26

Dollar rises as weak Chinese retail sales worry investors

The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...

16.07.2020 10:00:25

China’s economy goes back to growth column after sharp decline, U.S. affairs, weak consumption pose difficulties

After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...

16.07.2020 08:00:41

Falling shares result from U.S.-China tensions; China GDP growth eclipsed

On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...

15.07.2020 12:00:39

CoreLogic rejects $7 billion offer from Cannae Holdings and Senator Investment LP

Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...

15.07.2020 12:00:39

Gold falls slightly, losses limited amid COVID-19 surge and simmering U.S.-China relations

Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...

15.07.2020 12:00:38

Federal Reserve warns a 'thick fog of uncertainty' as the coronavirus pandemic surrounds battered economy

On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...

15.07.2020 12:00:38

Apple removes more than 2,500 games from the China App Store

SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...

15.07.2020 10:00:28

Oil gains on U.S. crude stocks decline, focus on OPEC+ meeting

Oil prices gained on Wednesday after a steep decline in U.S. crude stockpiles, while markets await OPEC’s next steps on supply cuts to be announced after a meeting later today. Brent crude futures rose 0.2%, or 10 cents, at $43 per barrel. ...

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