1.VOLVO:-Sweden’s AB Volvo reported third-quarter core earnings above market expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production. Adjusted operating profit at the maker of trucks, construction equipment, buses and engines...
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1.GOOGLE:- A Swiss court has dismissed Google’s bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders. “In an interim decision, the Federal Administrative Court rejects...
1.EVERGRANDE:-At the Shanghai Auto Show in April, the booth for China Evergrande Group’s new energy vehicle (NEV) unit was hard to miss. One of the largest exhibitions at the event, in a prime spot opposite BMW, the property developer-backed...
1.APPLE:-Apple Inc was on a collision course with South Korea on Friday over new requirements that it stop forcing app developers to use its payment systems, with a government official warning of a possible investigation into the iPhone maker’s...
1.MORGAN STANLEY:One of Morgan Stanley’s top dealmakers, who helped advise oil giant Saudi Aramco on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Francis. Motaz Alangari, who is based in Riyadh,...
1.JP MORGAN:JPMorgan reported on Wednesday third-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. JPMorgan announced earnings per share of $3.74 on revenue of $29.65B. Analysts polled by Investing.com anticipated EPS of $3 on revenue...
TOYOTA:Toyota Motor Corp in December wants to restart production curtailed by component shortages with a rebound in shipments from pandemic-hit suppliers that may help it claw back around a third of output lost to supply disruptions, three sources familiar...
1. MERCK & Co:Merck & Co Inc said on Monday it has applied for U.S. emergency use authorization for its tablet to treat mild-to-moderate patients of COVID-19, putting it on course to become the first oral antiviral medication for...
U.K. Average Earnings Index +Bonus WHEN: WHAT IT INFLUENCES: 12th OCTOBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The...
1.TESLA: Tesla stock traded 0.7% lower in Friday’s premarket as the market absorbed CEO Elon Musk’s decision to move the company’s headquarters to Texas from California. The company plans to maintain a significant presence in California and even increase...
1.GENERAL MOTORS: General Motors Co Chief Executive Mary Barra told investors on Wednesday that the automaker plans to double revenue by 2030, expanding profits from combustion vehicles even as it rolls out new electric vehicles and new digitally powered...
1.JOHNSON & JOHNSON: Johnson & Johnson said on Tuesday it had submitted data to the U.S. Food and Drug Administration for emergency use authorization of a booster shot of its COVID-19 vaccine in people aged 18 years and older....
1.TESLA:Tesla stock traded 1.6% higher in Monday’s premarket as the company recorded a 73% jump in deliveries in the third quarter. The company handed over 241,300 vehicles while production jumped 64% to 237,823 units. Tesla delivered a combined 232,025...
1.ZOOM:A slump in Zoom Video Communications Inc’s share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 and led to the deal’s collapse, Wall Street analysts said on Friday....
1.Goldman Sachs:Goldman Sachs has appointed Andy Tai as head of investment banking in Southeast Asia, according to an internal memo seen by Reuters. Tai, who retains his senior role as a technology, media and telecom banker at the U.S....
1.FORD:The plan for Ford Motor Co and Korean battery partner SK Innovation to build three battery plants in the United States, announced this week, will prompt a furious drive by labor leaders to organize the plants, potentially setting the...
1.HUAWEI: The release of Huawei Chief Financial Officer Meng Wanzhou is an opportunity for a reboot of bilateral relations with the United States and Canada but “toxic political rhetoric” could still “poison” the atmosphere”, Chinese state media said on...
1.DAIMLER:Daimler’s Mercedes-Benz said on Friday it will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), expanding its European sourcing of battery cells key to its EV ambitions and currently produced primarily in Asia. ACC, founded...
1.VOLKSWAGEN: Software Volkswagen AG used to alter pollutant emissions based on the outside temperature and altitude is illegal and cannot be justified by its role in protecting the engine, an adviser to the EU’s top court said on Thursday....
1.SOFTBANK:SoftBank Group will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese conglomerate said on Wednesday without disclosing the size of the investment. The fund, Liberty Strategic Capital, will...
1.SOFTBANK:Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment...
1.HONDA:Honda Motor Co’s U.S. unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024. Honda plans to add additional electric vehicle models...
1.LLOYD:Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity. Nearly 50,000 staff are employed in Lloyd’s underwriting and broking firms,...
1.Alibaba:The woes of China’s biggest e-commerce company began in late 2020 when China abruptly suspended the record $37 billion stock market debut of its financial affiliate Ant Group and later fined Alibaba $2.75 billion for abusing its market dominance....
1.GOOGLE :Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians. Google’s...
1.GOOGLE :South Korea’s antitrust regulator has fined Alphabet Inc’s Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in the U.S. technology giant’s second setback in the country in less than a...
1.TENCENT :China’s largest gaming and social media company has lost more than HK$2.7 trillion ($347.13 billion) in market value since its shares reached an all-time high in mid-February. The company has been fined for failing to report past deals...
U.K. Average Earnings Index +Bonus WHEN: WHAT IT INFLUENCES: 14th September 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average...
1.Facebook :-Facebook Inc launched its first smart glasses on Thursday in a step toward its aim of offering true augmented-reality spectacles. The glasses, which were created in partnership with Ray-Ban maker EssilorLuxottica, allow wearers to listen to music, take...
RENAULT :-Renault is in advanced discussions to end its joint venture to build vans with China’s state-backed Brilliance, a source close to the matter said, as the French firm overhauls its struggling Chinese operations. The tie-up dates back to...
1.PAYPAL:-U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led...
1.TOYOTA:-Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade. The...
1.APPLE:-A U.S. national labor agency is investigating two charges against tech giant Apple Inc filed by employees, records on its website show, amid a wave of worker activism at a company known for its secretive culture. The charges, filed...
1.DAIMLER:-German luxury carmaker Daimler expects significantly lower sales at its Mercedes unit in the third quarter compared to the previous one due to a global shortage in semiconductors, its chief executive told Automobilwoche weekly. “With the plant closings at...
1.Dell:-Stocks of Dell and HP traded lower in Friday’s premarket on worries over higher input costs and lengthening order backlogs due to component shortages. HP chief executive Enrique Lores told analysts after the company’s quarterly results that it had...
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European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML. The pan-European index...
1.AMAZON:-Five members of the U.S. House Judiciary Committee wrote to Amazon.com Inc’s chief executive Sunday, and accused the company’s top executives, including founder Jeff Bezos, of either misleading Congress or possibly lying to it about Amazon’s business practices. The...
Global shares bounced on Tuesday, led by technology names across the region and as Chinese markets clawed back ground lost after disappointing economic data, while the improved investor confidence weighed on the safe-haven dollar. MSCI’s broadest index of Asia-Pacific...
European shares opened lower on Monday, as surging commodity prices added to fears around a burgeoning energy crisis, while weak data from China kept concerns around slowing economic growth alive. The pan-European STOXX 600 fell 0.4% by 0707 GMT...
European stocks were headed for their best weekly performance in seven months on Friday, as a bright start to the earnings season helped ease investor concerns about higher inflation. The pan-European STOXX 600index rose 0.3%, on course to end...
European stocks extended gains on Thursday, boosted by technology and mining stocks, on expectations of a strong earnings season even as investors fretted over higher inflation crimping an economic recovery. The pan-European STOXX 600index rose 0.7% by 0710 GMT,...
European stocks extended losses on Wednesday as investors were unnerved by the prospect of rising inflation slowing growth, while software group SAP’s strong earnings forecast helped limit losses in Germany’s blue-chip index. By 0710 GMT, the pan-European STOXX 600index...
European stocks kicked off the week’s trading nearly flat on Monday as surging commodity prices supported oil and mining shares, but nerves around inflation and the upcoming earnings season weighed on sentiment. The pan-European STOXX 600 index slipped 0.02%...
European stock markets are expected to open largely unchanged Friday, with investors cautious ahead of the release of key U.S. jobs data which could provide fresh clues into the timing of Federal Reserve tapering. At 2:15 AM ET (0615...
European stock markets traded sharply higher Thursday, continuing the week’s volatile trading with sentiment boosted by falling energy costs and signs of compromise in Washington over averting a U.S. default. At 3:40 AM ET (0840 GMT), the DAX in...
European stock markets weakened sharply Wednesday on concerns that high inflation, fed by increasing energy costs, will force central banks to tighten monetary policy faster, choking off the post-pandemic recovery. At 3:40 AM ET (0740 GMT), the DAX in...
European stock markets are expected to open just higher Tuesday, helped by strength in the heavyweight energy sector, but gains are likely to be restrained following the previous session’s broad selloff on Wall Street. At 2:05 AM ET (0605...
European stock markets edged lower Monday, weighed by ongoing concerns over the health of property giant China Evergrande Group and ahead of an OPEC meeting. At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.5% lower, the...
European stock markets slumped Friday, starting the fourth quarter on a weak note on concerns rising inflation will prompt central banks to withdraw stimulus just as growth slows. At 3:25 AM ET (0725 GMT), the DAX in Germany traded...
European stock markets are expected to open higher Thursday, continuing to stabilize after the sharp losses earlier this week, but doubts about China’s economic expansion remain. At 2:05 AM ET (0605 GMT), the DAX Futures contract in Germany traded...
European stock markets are expected to open higher Wednesday, rebounding to a degree from the previous session’s sharp losses, but investors continue to fret about higher U.S. bond yields. At 2:01 AM ET (0610 GMT), the DAX Futures contract...
European stock markets are expected to open marginally higher Tuesday, as investors continue to digest the inconclusive result of the weekend’s German election as well as Chinese property group Evergrande’s ongoing debt crisis. At 2:05 AM ET (0605 GMT),...
German shares hit ten-day highs on Monday after the federal election outcome reduced the chances of a left-wing coalition gaining power, while broader European markets cheered a surge in crude prices that powered oil stocks. Germany’s blue-chip DAX jumped...
European stocks slipped at the open on Friday on lingering worries about troubled property developer China Evergrande, with mining and retail stocks exposed to the Asian country among the biggest decliners. The region wide STOXX 600index slipped 0.5% after...
European stock markets are expected to open higher Thursday, following Wall Street upwards after the Federal Reserve delayed tapering to later in the year while concerns over heavily indebted Chinese property group Evergrande eased. At 2:05 AM ET (0605...
European stock markets traded higher Wednesday, helped by M&A action in the leisure sector and an easing of tensions around embattled Chinese property group Evergrande , ahead of a key Federal Reserve meeting. At 4 AM ET (0800 GMT),...
European stock markets are expected to open higher Tuesday, rebounding from the previous session’s sharp losses, although worries remain about the contagion risks associated with property giant China Evergrande Group, while the Federal Reserve’s policy meeting continues to dominate...
World shares fell on Friday after a week of mixed economic data and fears over the stability of growth and Asian markets put the focus on the U.S. Federal Reserve’s timeline for tapering asset purchases. U.S. stocks ended sharply...
European stock markets traded higher Friday, helped by gains in the airline’s sector on hopes Covid-19 restrictions may be ending, although concerns surrounding China, one of the world’s main growth drivers, remain. At 3:35 AM ET (0735 GMT), the...
European stock markets are expected to weaken Thursday, following Asia lower amid slowing growth and increasing regulatory concerns. At 2:10 AM ET (0610 GMT), the DAX Futures contract in Germany traded 0.1% lower, the FTSE 100 Futures contract in...
Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases. MSCI’s world stocks benchmark fell...
European stock markets traded lower Tuesday, with investors showing caution ahead of the release of key U.S. inflation figures later in the session and amid worries over future growth. At 3:50 AM ET (0750 GMT), the DAX in Germany...
Global markets are fixated on the timing of tapering of QE by central banks, particularly the Fed,” said analysts at ANZ in a note. “That’s unsurprising, given the support that the extra liquidity has provided to equities and assets...
European stocks inched higher on Friday, tracking a positive trading session in Asia, even as investors weighed risks from tighter monetary policies after the European Central Bank signalled a slowdown of its pandemic-era bond purchases. The pan-European STOXX 600...
European stock markets weakened Thursday, with investors cautious ahead of a key meeting of the European Central Bank against a backdrop of rising inflation and slowing global growth. At 3:50 AM ET (0750 GMT), the DAX in Germany traded...
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