Global Markets Briefing
Microsoft has announced it will continue with talks to explore a purchase of TikTok in the United States. In a blog post, CEO Satya Nadella said Microsoft will move quickly [...]
Fitch Revises Down Japan’s Long-Term Outlook to Negative
Ratings agency, Fitch, has revised down the outlook on Japan's long-term foreign currency debt rating tonegative from stable, citing the sharp coronavirus-induced domestic economic contraction. Furthermore, the credit ratings firm [...]
Boeing Set to Stop Production of 747 Jets
Boeing has announced plans to stop the production of its 747 jets by 2022, a move that is foreseen to result into more job cuts; greater than the 16,000 the [...]Chevron and Exxon Record Losses in Q2 as Oil Demand Dips
Chevron and Exxon Mobil released their Q2 results on Friday that reveal the extent of the coronavirus pandemic on oil demand. The bloodbath witnessed in the oil sector has hurt [...]
Microsoft in Talks to Acquire TikTok US Operations
Microsoft is in talks to acquire TikTok's US operations in a move to revamp its advertising business. TikTok has come under immense pressure in the US due to security concerns [...]Boeing Posts $2.4 Billion Loss in Q2 2020
American planemaker, Boeing, posted a $2.4 billion loss in Q2 2020 (April to June), compared to a net loss of $2.942 billion during the same period last year. Revenue fell25 [...]Cost Cutting Initiatives Boost Samsung's Q2 Net Profit to $4.64 Billion
Samsung Electronics recorded a 7.3% profit increase YoY to $4.64 billion compared to $4.3 billion in Q2 2019. The company made a net profit of $4.08 billion in Q1 2020. [...]Global Markets Headlines
Global Markets; Kodak Stock Surge, Earnings Report
US Markets opened higher on Wednesday's trading session even as quarterly earnings report continue to stream with the federal reserve expected to announce its decision on interest rates. According to [...]International Airlines to Resume Flights to Kenya
International airlines are gearing to resume flights in and out of Kenya, following President Uhuru Kenyatta's directive for international flights to resume from 1st August 2020. Emirates has scheduled a [...]Global Markets This Week
The price of gold surged to a fresh record high in Monday's morning trading session, topping $1,944.80 per ounce for the first time. Demand for the safe-haven asset was driven [...]Opinion: Returning to the Skies Rolls Royce
Author: Jacqui Sutton, Chief Customer Officer at Rolls Royce Civil Aerospace Many of our fleet of Rolls Royce engines have spent the past few months in hangars, runways or workshops, [...]
