Business

SoftBank Sheds $15 Billion on U.S. Tech Stock Rout​

TOKYO (Reuters) - SoftBank Group Corp <9984.T> shares were down 5% in afternoon trade on Wednesday, extending this week's slump that has wiped $15 billion from its market capitali...

Tesla China Sold 11,800 Model 3 Vehicles in August​

BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc <TSLA.O> sold 11,800 Shanghai-made Model 3 vehicles in China in August, up from 11,000 units in July, according to the Ch...

Emirates Airline Issued Over $1.4 Billion in Coronavirus-Related Refunds​

DUBAI (Reuters) - Emirates airline has issued over 5 billion dirhams ($1.4 billion) in refunds related to the new coronavirus crisis, it said on Monday. 

The...

Samsung to Stop Production At Sole China TV Factory by November​

SEOUL (Reuters) - Samsung Electronics <005930.KS> has decided to cease production at its only TV factory in China by the end of November, a spokesman said on Monday, the latest in...

Samsung Elec Wins $6.6 Billion Verizon Order for Network Equipment​

SEOUL (Reuters) - Samsung Electronics <005930.KS> said on Monday it had won a $6.64 billion (5.01 billion pounds) order to provide wireless communication solutions to Verizon <...

Norwegian Air Reports 91% Traffic Fall Amid Search for More Cash​

OSLO (Reuters) - Norwegian Air <NORR.OL>, which is attempting to secure a second round of financial restructuring, saw a 91% decline in August passenger volume from a year earlier...

Amazon to Create Further 7,000 Jobs in UK in 2020​

LONDON (Reuters) - Amazon <AMZN.O> will create a further 7,000 permanent jobs across the United Kingdom in 2020, taking total new jobs this year to 10,000, it said on Thursday.

Capgemini Sees 2020 Revenue 12.5-14%, Citing Gradual Second-half Recovery​

(Reuters) - French consulting and IT services provider Capgemini <CAPP.PA> said on Thursday it expected revenue growth at constant exchange rates of between 12.5% and 14.0% this y...

Rolls-Royce Says Demand for Luxury Cars Is Recovering​

LONDON (Reuters) - The chief executive of Rolls-Royce said demand for his company's luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next y...

Walmart's Flipkart Starts Wholesale E-commerce Service in India​

BENGALURU (Reuters) - India's Flipkart launched an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, as the Walmart-owned firm seeks to better com...

Amazon's New Offerings Make India Centre of Fintech Push​

NEW DELHI/MUMBAI (Reuters) - Amazon.com Inc <AMZN.O> has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more sub...

Zoom Forecasts Sales Surge As Video Conferencing Becomes A Daily Routine​

(Reuters) - Zoom Video Communications Inc <ZM.O> raised its annual revenue forecast by more than 30% after comfortably beating quarterly estimates on Monday as it converts more of...

Apple Preparing to Build 75 Million 5G iPhones Later This year - Bloomberg​

(Reuters) - Apple Inc <AAPL.O> has asked suppliers to build at least 75 million 5G iPhones for later this year, along with new Watch models, a new iPad Air and a smaller HomePod,...

Google Says Denmark Is Reviewing Its Taxes There​

COPENHAGEN (Reuters) - Danish tax authorities have initiated a review of Google's accounts in Denmark to determine whether the tech giant has any outstanding tax obligation, the company...

Emirates Airline Got $2 Billion Injection from Dubai Government: Document​

DUBAI (Reuters) - Emirates airline has received 7.3 billion dirhams ($2 billion) from the government of Dubai as it faces a cash crunch caused by the COVID-19 pandemic, a bond prospectu...

Asian Stocks Hit Two-year High, Nikkei Bounces As Berkshire Buys in​

SYDNEY (Reuters) - Asian shares notched a fresh two-year high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period,...

Telco SoftBank Shares Fall 3% As Parent Slashes Stake​

TOKYO (Reuters) - Shares in wireless carrier SoftBank Corp <9434.T> fell 3% in early trading on Monday after parent SoftBank Group Corp <9984.T> said it would sell up to 22%...

Bank of China First-half Profit Falls 11.5%, Steepest First Half Fall Since Market Debut​

BEIJING/SHANGHAI (Reuters) - Bank of China Ltd (BoC) <601988.SS> <3988.HK>, the country's fourth-biggest lender by assets, on Sunday posted an 11.5% fall in first-half net p...

Malaysia's CIMB Reports 82% Fall in Second-quarter Profit​

KUALA LUMPUR (Reuters) - Malaysia's CIMB Group Holdings Bhd <CIMB.KL> reported a 81.6% drop in second-quarter net profit, largely due to the coronavirus pandemic impact on economi...

Vietnam's Vietjet Air to Raise $112 Million Via Bond Issue​

HANOI (Reuters) - Vietnam's budget carrier Vietjet Air <VJC.HM> is seeking to raise 2.6 trillion dong ($112.19 million) through issue of domestic bonds this year, the airline said...

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