South Africa’s power utility Eskom trims losses but warns of pandemic impact 31-10-2020 South Africa's state-backed power and utility firm Eskom said on Friday that it had narrowed down its losses over the last fiscal year that ended on March 2020
San Ramon oil mammoth Chevron Corp. posts surprise profit as cost cuts deepen 31-10-2020 On Friday, the United States' second-largest crude oil producer Chevron Corp. had reported a surprise operational profit over the third quarter of the year
Foster City’s Gilead slashes 2020 sales outlook as Remdesivir sales disappoint 31-10-2020 Late on Wednesday, pandemic drug Remdesivir maker Gilead Sciences Inc. had slashed its 2020 sales forecast amid disappointing sales figures of its blockbuster pandemic drug
US economy reports record-breaking growth in third quarter, yet pandemic scar to last 31-10-2020 On Thursday, US Commerce Department said in a statement that the US GDP grew by a record 33.1 per cent over Q3, 2020 that ended on September 30
Seattle retailer Amazon scores record Q3 profit, forecasts upbeat holiday sales 30-10-2020 Late on Thursday, Seattle-based world's No. 1 online retailer Amazon.com Inc. had reported a record $6.3 billion in third-quarterly profit
Californian credit card giant Visa Inc. profit tumbles 23% as payment volumes sour 30-10-2020 Late on Wednesday, American multinational credit card giant Visa Inc. had reported a 23 per cent decline in third-quarter profits
Crude oil pummels to five-month lows on renewed pandemic lockdown 30-10-2020 On Thursday, both US and UK crude oil futures' prices faltered as much as 4 per cent, heading towards scoring their steepest weekly percentage declines since April 13
Precious gold drops to one-month lows as American Dollar extends rally 30-10-2020 On Thursday, a stronger American currency had jolted the precious safe-haven spot gold futures' prices to a one-month low
ECB hints policy easing in December as Euro plunges to one-month lows 30-10-2020 On Thursday, following a meet of ECB policymakers, ECB President Lagarde had hinted a plausible policy easing as early as by December this year
Wall St. claws back as market eyes strong US data, Q3 tech earnings 30-10-2020 On Thursday, a slew of US stocks had wrapped up the day sharply higher with tech-heavy Nasdaq leading the charges
Ohio insurance start-up Root Inc. falls 4% in Nasdaq debut 29-10-2020 On Wednesday, shares' prices of the Ohio-based insurance fintech firm Root Inc. plunged as much as 4 per cent at its Nasdaq debut
Wall St. ends sharply lower on pandemic hobbles as Dow hits late-July lows 29-10-2020 On Wednesday, all three key indices of Wall St. fell across the board with the tech-heavy Nasdaq leading the tally of the losses
European shares in a red sea of Nile as France, Germany impose emergency lockdowns 29-10-2020 On Wednesday, a basket of European bourses had winded down the session sharply lower with Frankfurt's DAX bearing the heaviest brunt
Oil totters over 5% to four-month lows as pandemic worries jitter 29-10-2020 It was a black Wednesday for the black gold futures' prices, as both US and UK crude tumbled as much as 5 per cent amid a likely demand crunch brewing over the horizon
Santa Clara’s AMD to purchase peer Xilinx for $35 billion in data centre push 29-10-2020 Santa Clara chipmaker AMD said on Tuesday that it was going to purchase peer Xilinx in an all-stock $35 billion take over deal
Redmond’s Microsoft beats revenue estimates as Azure growth balloons 28-10-2020 Late on Tuesday, Microsoft had revealed its quarterly earnings' report for fiscal first quarter that ended on September 20 and beat Wall St. estimates for both profit and revenues
S&P 500, Dow slide on disappointing earnings, Nasdaq ekes out gains 28-10-2020 On Tuesday, US stocks wrapped up the session mostly lower with S&P 500 and Dow taking a hefty header, though the tech-heavy Nasdaq eked out gains
European stocks dive to one-month low as renewed pandemic restrictions weigh 28-10-2020 On Tuesday, a basket of European shares had rounded off the day sharply lower with Madrid's IBEX 35 leading the tally of the losses
US core capital goods orders hit six-year high in Sept.; consumer confidence ebbss 28-10-2020 Bolstering analysts' view that the US economy's recovery from the pandemic-propelled slump had been slowing down, US Commerce Department said on Tuesday that the US Consumer Confidence fell to the lowest level since the October of 2016
US new home sales drop surprisingly in Sept. despite record low mortgage rates 28-10-2020 On Monday, US Commercial Department data revealed that the sales of new single-family homes fell surprisingly last month despite a multi-year low long-term mortgage rates
New York insurer AIG names new CEO, mulls split of life and retirement unit 27-10-2020 Late on Monday, the NY-based US multinational insurer AIG had named its President Zaffino as the insurance giant's Chief Executive Officer
Wall St. slumped as pandemic cases rise, stimulus hope fades 27-10-2020 On Monday, all three key indices of Wall St. had rounded off the session sharply lower with Dow dwindling as much as 2.29 per cent
Crude oil woes 3% on pandemic resurgence, Libyan output rebound 27-10-2020 On Monday, both US and UK crude oil futures' prices fell as much as 3 per cent following a rise in pandemic cases alongside a restoration of Libyan crude output
American Dollar rises as pandemic roars back, US stimulus hopes wane 27-10-2020 On Monday, US Dollar gained across the board as a spike in pandemic cases alongside a lack of progress in US stimulus talks had reinstated the safe-haven bid of the American currency
Menlo Park’s Facebook most likely to face US anti-trust crackdown as soon as November 26-10-2020 US FTC (Federal Trade Commission) has been mulling an option to open up a series of anti-trust probes on Facebook Inc. as early as next month
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