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Samsung appoints new mobile chief as Huawei lures away chip market shares
Samsung said on Monday, the 20th of January 2020, that the tech tycoon’s board of directors had appointed its youngest President ever as the head of its Smartphone wing
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Moody’s slashes Hong Kong’s rating to ‘Aa3’ as pro-democracy protest drags on
On Monday, the NY-based American credit rating agency Moody’s, widely contemplated as one of the top three credit rating agencies alongside Fitch’s and S&P, had slashed Hong Kong’s credit rating to “Aa3” from “Aa2"
Precious gold gains as safe-haven appeal returns; palladium extends record rally
On Monday, the 20th of January 2020, at a thin-volume trading day with US markets were closed due to Martin Luther King Jr. Holiday, the precious safe-haven metal, gold surges to more than one-week high
Subaru unfurls mid-2030s target with an all-electric line up
Tokyo-based Japanese automobile company, Subaru Corp. said on Monday, the 20th of January 2020, that the automobile company would shift its auto business in to e-vehicle manufacturing by the first half of 2030s
Global stocks tread water ahead of Central Bank meetings, earnings’ reports
On Monday, the 20th of January 2020, a gauge of global stock indices had paused their recent rally, however had been hovering near their record closing high
Tesla moves closer to rolling out first European factory with German property buy
On Sunday, the 19th of January 2020, local authorities said that the US-based multinational e-vehicle manufacturer, Tesla Inc., had agreed to purchase a property at the outskirts of Berlin
EU Industry Chief denies strict security regulation could delay 5G
European Industrial Policy Chief, Thierry Breton said that relying on the European telecom gear manufacturers to develop the bloc’s fifth-generation network would not delay its rollout in to the EU countries
Rwanda's economy to grow by 8 per cent in 2020, 2021, says IMF
Rwanda, the landlocked East African nation having had one of the fastest-growing economies across the globe, would likely to witness an economic growth of 8 per cent in 2020 alongside 2021, said IMF
Libya cuts oil production after Hafter's National Army shut down pipelines
On Sunday, the National Oil Corporation of Libya had issued a statement saying that the Libya’s Internationally recognized Government based on Tripoli was forced to slash production in its sub-Saharan and Elephant oil fields
Direct foreign investment in Saudi rose to a decade-high on first 9 months of 2019
On Sunday, Monetary Authority of Saudi Arabia had issued a public statement saying that influx of direct foreign investment in to the Kingdom of Saudi Arabia surged more than 10 per cent to $3.50 billion during the first nine months of 2019
Elon Musk’s SpaceX successfully simulates emergency landing
On Sunday, the 19th of January 2020, e-vehicle industry titan, Tesla Inc. owner Elon Musk’s space venture, SpaceX had successfully simulated an emergency landing of an unmanned astronaut capsule
Founder of South Korean retail giant Lotte dies
Shin Kyuk-ho, the founder of S. Korean retail giant, Lotte Corporation that started off its history back in the June of 1948 in Japan as a chewing gam manufacturer, had died
Mideast stocks edge up as Saudi index totters on financials, Aramco
On Sunday, the 19th of January 2020, a basket of Gulf bourses wrapped up the day modestly higher, but a persistent drag on Saudi state-backed oil giant Aramco alongside financials drowned the Saudi index
Kenya in talks with the World Bank for a whopping $1 billion in new loan
Kenya, the debt-laden East-African nation, had been in an advanced stage talk with the World Bank for “a” fairly priced loan of up to $991.75 million or 100 billion Kenyan shillings
Beijing gives go-ahead signal to import beef from Russia
On Friday, the Rosselkhoznadzor, Russian federal service for veterinary and Phytosanitary Supervision, said had obtained the required rights to export beefs to China, while deliveries would likely to begin as early as over the weekend
Myanmar and China ink dozens of deals to accelerate Belt & Road initiative
On Saturday, the 18th of January 2020, China, the world’s second-largest economy, had signed off dozens of agreement with its closest ally in the Southeast Asia, Myanmar, in a bid to step up infrastructure of its Belt & Roads initiatives
Boeing faces new software problem on 737 MAX, could delay grounding further
Late on Friday, Boeing Co. said that the Chicago-based world’s No. 1 low-cost aircraft carrier maker that had been at the verge of losing its crown to European rival Airbus SE, had discovered a new flaw at its 737 MAX autopilot software
US & China trade deal allays global uncertainty, says IMF Chief
Late on Friday, the International Monetary Fund (IMF) said in a statement that the signing off of the “Phase One” trade deal between Washington had Beijing could ease a whirlpool of uncertainty that the global financial markets had been witnessing
Palladium rally climbs record $2,500 an ounce as industrial metals gain
On Friday, the 17th of January 2020, a flurry of industrial metals across the boards of the commodity markets all over the globe posted solid gains
Eastern Libya authorities halt more than half of the country’s oil export
Libya, a divided country which had been at the mercy of violent military confrontations over the past few years, had witnessed its oil output slashed by half on Saturday (January 17th)
UK’s Javid pledges to double up UK’s growth after Brexit
On Saturday, the 18th of January 2020, United Kingdom’s Financial Minister Javid said he was looking to double up nation’s underlying economic growth following its departure from the European Union on January 31st
South African stocks near seven-month high as Richemont SA, miners report solid gains
On Friday, a slew of South African stocks winded down the day with solid gains, while a bundle of S. African shares’ prices jumped near their seven-month highs over gains of heavyweight luxury retailer Richemont SA alongside mining firms
Renault returns to growth at the end of 2019, cites cynicism on 2020 volume target
Earlier on Friday, the 17th of January 2020, Boulogne-Billancourt-based French multinational automotive industry behemoth, Renault SA had revealed its fourth quarterly delivery report, which had surprisingly beaten analysts’ estimate
Sinopec to review $16 billion US gas deal with Texas natgas company Cheniere
Hong Kong-, NY- and Mainland Shanghai-listed Chinese oil and gas company, Sinopec, had been mulling an option to turn the trading tables regarding its $16 billion natgas deal with Cheniere
US set to probe sudden acceleration complaints of half a million Tesla vehicles
On Friday, US NHTSA said in a statement that it would initiate review of a petition urging the agency to launch a formal investigation against roughly half a million Tesla Inc. vehicles over multiple reports of abrupt and unintentional acceleration
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