Tesla share prices profitable

Tesla share price surges by 20% following surprise profitable third quarter

Tesla share price has increased by up to 20% following news that the electric car manufacturer posted a surprise profit during the third quarter...
Levi Strauss profit wholesale

Levi Strauss profit down as Americas wholesale business weakens

Levi Strauss & Co has reported a 4% decline in its third quarter profit as it struggled to expand its wholesale business in the...
internet users Southeast Asia

Report: Southeast Asia internet economy to reach $300 billion by 2025

An industry report showed that the internet economy of Southeast Asia is forecast to expand and reach $300 billion by 2025. The report by Google,...
Investments rules

FCA to introduce tougher rules for property funds from September 2020

Great Britain's Financial Conduct Authority (FCA) has announced that it will implement a new category of funds investing in inherently illiquid assets, or FIIA,...
Nike rubber shoes

Nike reports stronger Q1 FY2020 due to its digital sales strategy

Footwear and apparel company Nike reported higher earnings for the first quarter of fiscal 2020 following its "Consumer Direct Offense" digital sales strategy. Nike posted...
US dollars

US Federal Reserve announces second interest rate cut of the year

The US Federal Reserve has cut interest rate by a quarter percentage point for the second time since July due to potential global slowdown...
stock markets move up tariffs delay U.S. China

Stock markets move higher as US delays some tariffs on China

Global stock markets went up as the U.S. delayed implementation of new tariffs on China by two weeks after the latter announced plans to...
euro bank notes

ECB plans stimulus package as Draghi nears end of his term

The European Central Bank (ECB) head Mario Draghi is planning to inject a new stimulus package to boost economic growth and inflation before the...
Cannabis plant

Tilray signs definitive merger agreement with Privateer Holdings

Canadian cannabis company Tilray announced its definitive merger agreement with with its largest shareholder Privateer Holdings. The merger will extend the lock-up period and will...
Saudi Aramco

CEO Amin Nasser: Saudi Aramco to hold IPO “very soon”

Amin Nasser, chief executive officer (CEO) of Saudi Aramco, announced that the company is ready for an initial public offering (IPO) on Saudi Arabia's...

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