News Page 5

Singapore downgrades 2020 GDP growth forecast due to coronavirus

Singapore lowers its annual GDP forecast range for the change in the GDP to between -0.5 per cent and 1.5 per cent as the coronavirus continues to spread

Yana Berman
Amazon accused of prejudice against Palestinian customers

Amazon is offering free shipping to illegal Israeli settlements in the occupied West Bank, while Palestinian customers are being charged for shipping.

Capital.com News
French media giant Vivendi announces Universal Music Group IPA

French media giant Vivendi announces record profits for Universal Music Group, the label representing Taylor Swift, Lady Gaga and Drake, and its intention to list its prized asset

Lawrence Gash
RBS rebrands to Natwest as it reports better than expected profits of £4.2bn

Royal Bank of Scotland’s new CEO Alison Rose has revealed a new strategy including a planned renaming of the taxpayer-backed group to its biggest brand NatWest, as it reported a better than expected pre-tax profit of GBP 4.2 bn

Ramla Soni
Stagnating economy sparks fears of a German recession

The German economy stagnated in the fourth quarter as private consumption and state spending lost momentum, adding to drops in manufacturing and exports.

Capital.com News
EDF buys majority stake in UK’s largest electric vehicle charging company

EDF has bought a majority stake in Pod Point, one of the UK's largest electric vehicle charge-point firms

Capital.com Research Team


Google completes $2.6bn buyout of Looker

Google has said it has completed its $2.6bn buyout of big data analytics firm Looker Data Sciences following approval from the UK’s competition watchdog

Ramla Soni
South-east Asia’s largest bank, DBS, says coronavirus could affect its revenue this year

The coronavirus outbreak could affect the revenue of DBS, south-east Asia’s largest bank this year, according to its CEO Piyush Gupta

Ramla Soni
RBS staff in Poland prepare for job cuts amid shakeup

Royal Bank of Scotland ramps up investment banking operations in Poland as staff prepare for job cuts

Capital.com News
World’s largest telecoms conference cancelled due to Covid-19 fears

Mobile World Congress, the world’s largest telecoms conference, is cancelled for the first time in 33 years due to Covid-19 fears

Lawrence Gash
Investment company KKR announces $1bn social investment fund to empower socially responsible companies focusing on the UN Global Goals

Investment company KKR has raised over $1.3bn to deliver a fund which it says is earmarked for companies that match purpose with profit

Capital.com News
Gold shines brightly, but is it a bubble?

The gold price has risen by about 20% during the last 12 months, but could this result from the “sugar rush” of easy-money policies by central banks? The prospect of higher American interest rates has spooked some in the market.

Dan Atkinson
Boeing admits air cargo market could be hamstrung by coronavirus in 2019

Boeing executive says coronavirus is the chief threat to growth in the air cargo sector and could dash hopes for a rebound from 2019’s decade low performance

Capital.com News
German wages continue to rise despite recession fears

Sixth year of successive growth

Lawrence Gash
Dunelm expects higher profits than forecasts as it sees strong online sales growth

Dunelm reported an almost 20 per cent rise in half-year earnings and said it had seen a good start to the third quarter on the back of post-Christmas sales

Ramla Soni
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Economic calendar
Today, 4 March, 2020
02:30 AUD
Australia
HIGH Gross Domestic Product (QoQ) 0.005 0.004
15:15 USD
United States
HIGH ADP Employment Change 191.0K 291.00K
17:00 CAD
Canada
HIGH BoC Interest Rate Decision 0.0175 0.0175
17:00 CAD
Canada
HIGH BoC Rate Statement
17:00 USD
United States
HIGH ISM Non-Manufacturing PMI 55.5 55.5
17:30 USD
United States
HIGH EIA Crude Oil Stocks Change -0.079M 0.45M
18:15 CAD
Canada
HIGH BoC Press Conference
5 March, 2020
02:30 AUD
Australia
HIGH Trade Balance 5618.0M 5223.00M
15:30 USD
United States
HIGH Initial Jobless Claims 219.00K
15:30 USD
United States
HIGH Initial Jobless Claims 4-week average 209.75K
17:30 USD
United States
HIGH EIA Natural Gas Storage Change -143.00B