News

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Sat, 17 Apr 2021 10:32:29 GMT

Morgan Stanley reports $911M loss

Morgan Stanley reported on Friday that it had lost $911M from the crash of Archegos Capital Management.

Sat, 17 Apr 2021 09:36:29 GMT

ARK buys more Coinbase, Tesla shares

On Friday, ARM acquired Coinbase Global Inc's another 187,078 shares worth nearly $64M.

Sat, 17 Apr 2021 07:00:09 GMT

LG, GM to build second battery factory in US

On Friday, LG Energy Solution and General Motors announced plans to build the second battery factory in Tennessee.

Sat, 17 Apr 2021 06:00:08 GMT

US homebuilding surges to nearly 15-year highs

As reported by the US Commerce Department on Friday, US homebuilding rose to almost 15-year highs last month.

Sat, 17 Apr 2021 05:00:08 GMT

Dow, S&P 500 hit record highs

On Friday, the Dow Jones Industrial Average and the S&P 500 hit record highs, boosted by US corporate company earnings reports.

Sat, 17 Apr 2021 04:00:06 GMT

Siewert to leave Goldman Sachs

As reported by the New York Times on Friday, Goldman Sachs's Communications Chief Jake Siewert is leaving the bank.

Sat, 17 Apr 2021 03:00:07 GMT

Global equities near record highs

On Friday, global equity markets hovered near record highs, as data from the United States and China cemented expectations of quick global economy recovery.

Sat, 17 Apr 2021 02:00:09 GMT

Grab considers secondary Singapore listing

According to sources with knowledge of the matter, Grab Holdings is mulling a secondary Singapore listing after finalizing the Nasdaq listing through a $40B SPAC Altimeter Growth Corp merger.

Fri, 16 Apr 2021 20:00:05 GMT

GM, LG plans another US battery plant

General Motors and LG Energy Solution, its South Korea-based joint-venture partner, are planning to establish the second battery cell plant worth $2.3B in Tennessee, the United States.

Fri, 16 Apr 2021 19:00:09 GMT

Hyundai unveils new head for mobility arm

On Friday, Hyundai Motor Group unveiled it had created a new mobility unit with the intention to roll out more service models, naming Song Chang-hyeon as the automaker's new chief.

Fri, 16 Apr 2021 18:00:06 GMT

New Zealand gives Amazon extra $116M rebates

On Friday, New Zealand agreed to award Amazon an extra $116M worth subsidy on "The Lord of the Rings" TV series filming expenses in the country.

Fri, 16 Apr 2021 17:00:08 GMT

Apple backs carbon removal

Apple created a $200M worth fund to invest into timber-producing forests, which will be managed in carbon removal efforts, while also generate a profit, the tech giant said.

Fri, 16 Apr 2021 15:53:11 GMT

Goldman's communications head to quit

Goldman Sachs Group's corporate communication head Jake Siewert is set to step down from his role in the bank, according to the New York Times report published on Friday.

Fri, 16 Apr 2021 14:42:46 GMT

Daimler posts better-than-expected profit

Daimler reported a better-than-anticipated Q1 profit of $6.0B, driven by surging demand for the carmaker's luxury Mercedes-Benz cars in China as well as by higher prices.

Fri, 16 Apr 2021 14:04:16 GMT

Morgan Stanley posts jump in Q1 profit

On Friday, Morgan Stanley posted a 150% surge in its Q1 profit, topping Wall Street's estimates, while disclosing a nearly $1.0B loss from the private fund Archegos's collapse.

Fri, 16 Apr 2021 12:54:25 GMT

Ocado invests £10M in Oxbotica

Ocado, the UK online grocer, is planning to make an investment worth £10M in Oxbotica, the autonomous vehicle software firm, amid their cooperation aimed to cut last-mile delivery costs.

Fri, 16 Apr 2021 12:00:09 GMT

EU watchdog to decide over SK Hynix-Intel deal

The European Union's antitrust regulators will pass their verdict on SK Hynix $9.0B acquisition of Intel's NAND memory chip division by May 20, the European Commission's filing shows.

Fri, 16 Apr 2021 09:26:42 GMT

Cryptocurrencies decline on Friday

During Friday's Asian and European trading hours, major cryptocurrency prices declines, as a retracement down was taking place in the aftermath of booking new all-time highs.

Fri, 16 Apr 2021 09:02:25 GMT

Grab explores secondary Singapore listing

The Southeast Asian ride-hailing giant Grab Holdings is exploring an opportunity of a Singapore secondary listing after finalising the Nasdaq listing through a $40B SPAC merger.

Fri, 16 Apr 2021 08:30:01 GMT

Hyundai appoints new head for mobility division

On Friday, Hyundai Motor Group announced it had established a new mobility unit to roll out more service models, naming an outsider Song Chang-hyeon as division's chief due to his tenure with Microsoft and Apple.

Fri, 16 Apr 2021 07:49:13 GMT

BlackRock profit tops forecasts

BlackRock reported its Q1 profit topped Wall Street's expectations, as the strength in its businesses and an on-going rally in worldwide financial markets helped vault the company's assets to their record high of $9.01 trillion.

Fri, 16 Apr 2021 07:00:09 GMT

Advocacy group seeks to halt Instagram for kids

An advocacy group urged Facebook's CEO Mark Zuckerberg to cancel the launch of an Instagram version for kids who are under the age of 13, citing potential "great risks" from the social media for young users.

Fri, 16 Apr 2021 06:00:21 GMT

Nissan to cut Japanese output in May

Nissan Motor is set to trim its production at several Japanese factories next month due to the global semiconductor shortage, Reuters reported.

Fri, 16 Apr 2021 05:00:10 GMT

Daimler rolls out new electric vehicle

Daimler AG launched a new electric "sibling" of the carmaker's flagship Mercedes-Benz S-Class sedan, challenging the market-leader Tesla amid surging sales of electric cars in the market.

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