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Portuguese gov't welcomes EC approval of new development bank

LISBON, Aug. 4 (Xinhua) -- The Portuguese government on Tuesday welcomed the approval by the European Commission (EC) of the creation of the new Portuguese Development Bank (BPF), local media reported.


U.S. dollar slips as traders eye stimulus talks

NEW YORK, Aug. 4 (Xinhua) -- The U.S. dollar lost momentum in late trading on Tuesday as market participants eyed negotiations on a U.S. COVID-19 relief bill.


Finland's Nokian Tyres posts loss in Q2, sees continuous uncertainty

HELSINKI, Aug. 4 (Xinhua) -- The Finland-based tyre manufacturer Nokian Tyres made a 22.8-million-euro (26.9-million-U.S. dollar) loss in the second quarter (Q2) of 2020, compared to the operating profit of 98.8 million euros in Q2 of 2019, said the company in its financial report on Tuesday.