News

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Tue, 23 Mar 2021 18:41:18 GMT

Renault to build new cars in Spain

On Tuesday, France's Renault stated it would start five new hybrid SUVs' manufacturing in the company's "second home" Spain as soon as 2022-2024, seeking to bolster its position in the Spanish market.

Tue, 23 Mar 2021 17:43:30 GMT

Global crude steel production soars 4.1%

Global crude steel output surged as much as 4.1% to 150.2M tonnes year-on-year in February, according to the data published by the World Steel Association on Tuesday.

Tue, 23 Mar 2021 17:01:01 GMT

Volkswagen appoints Doellner as strategy chief

Gernot Doellner, Porsche AG's executive, will become the new strategy chief of Volkswagen AG from May 1, VW's Chief Executive Officer Herbert Diess announced on Tuesday.

Tue, 23 Mar 2021 16:08:15 GMT

Powell, Yellen to appear before US Congress

The US Fed Chair Jerome Powell and the Treasury Secretary Janet Yellen will testify before the House of Representatives Financial Committee on Tuesday to update lawmakers on the US economic recovery.

Tue, 23 Mar 2021 14:43:48 GMT

Lockheed Martin plans 5G network development

On Tuesday, Lockheed Martin announced it had partnered with Omnispace, the communications provider, over the space-based 5G network development for both government and commercial use.

Tue, 23 Mar 2021 14:23:19 GMT

Frontier seeks $4.52B valuation in IPO

The low-cost carrier Frontier Group seeks a $4.52B valuation in its US IPO, as the industry is getting ready for a potential rebound from the pandemic-caused travel lows.

Tue, 23 Mar 2021 13:35:10 GMT

Amazon to slash Deliveroo stake in IPO

Amazon.com is set to trim its stake in Deliveroo, the UK food delivery firm, to 11.5% in the upcoming London IPO from 15.8% initially, the company's prospectus showed on Tuesday.

Tue, 23 Mar 2021 11:53:40 GMT

VoloFin to roll out blockchain invoice financing service

VoloFin, the specialty finance company, is set to roll out a blockchain-based invoice financing platform already on April 1, 2021 for investors and SMEs in the US, Singapore and India, its CEO said on Tuesday.

Tue, 23 Mar 2021 10:42:14 GMT

Oil prices decline

During Tuesday's European trading hours, crude oil prices declined by more than 3.30%, as new anti-coronavirus measures in Europe were expected to decrease demand.

Tue, 23 Mar 2021 09:47:16 GMT

Boeing enters into revolving credit deal

Boeing entered into the two-year-long revolving credit agreement worth $5.28B, as the American jet maker is facing a slowdown in the commercial air travel caused by the coronavirus pandemic.

Tue, 23 Mar 2021 08:51:54 GMT

China's Geely plans new EV joint venture

On Tuesday, Geely Automobile Holdings announced it was planning a joint venture with its "parent" holding group Zhejiang Geely for electric vehicles and the roll-out of new Zeekr brand, after its profit dropped 32% last year.

Tue, 23 Mar 2021 08:30:39 GMT

Microsoft seeks to buy Discord

Microsoft Corp has entered talks to acquire the messaging service Discord in a potential deal worth over $10B, Bloomberg News reported on Tuesday.

Tue, 23 Mar 2021 06:14:58 GMT

Global stocks surge

As the Bank of Japan announced an infusion into stock ETFs on Monday, global stock indices started a surge, which lasted into Tuesday.

Tue, 23 Mar 2021 04:41:10 GMT

Volvo reports on chip shortage

The Swedish automaker Volvo announced on Monday that it would implement stops in production due to a shortage of semiconductors.

Tue, 23 Mar 2021 04:31:12 GMT

White House comments on stimulus

On Monday, the US White House reported that any talks of additional $3 trillion infrastructure spending were premature.

Mon, 22 Mar 2021 21:43:47 GMT

Wall Street indices rally

Monday's US trading ended with stock indices gaining, as a tech stock recovery took place.

Mon, 22 Mar 2021 20:43:07 GMT

Credit Suisse faces charges

Reuters reported on Monday that Credit Suisse faces additional antitrust charges from the European Union regulators.

Mon, 22 Mar 2021 20:22:49 GMT

Tesla rallies on Monday

On Monday, the stock price of Tesla gained more than 5.00%, as Ark Invest announced that the stock price could reach $3,000.00.

Mon, 22 Mar 2021 18:59:08 GMT

Stock markets surge

During Monday's US trading hours, stock indices surged, as global stocks experienced a boost through ETF buying done by the Bank of Japan.

Mon, 22 Mar 2021 17:59:54 GMT

Google's payments head to step down

Google's top executive and the payments chief Caesar Sengupta announced on Monday he would leave the the tech giant next month, after holding the post during the last 15 years.

Mon, 22 Mar 2021 16:43:22 GMT

JD.com to make investment in Dada Group

On Monday, China's JD.Com stated it would make an $800M investment in Dada Group, the on-demand delivery platform, after which the Chinese e-commerce company would own around 51% of Dada.

Mon, 22 Mar 2021 15:45:53 GMT

Swiss FINMA chief hired as German BaFin head

Swiss FINMA chief Mark Branson has been hired as the president of the German finance watchdog BaFin amid regulatory shake-up following the Wirecard fraud, Germany's finance ministry reported.

Mon, 22 Mar 2021 14:47:16 GMT

Oil prices extend decline

During Monday's European trading hours, crude oil prices extended the last week's decline. The decline was attributed to a slowdown in economic recovery in Europe.

Mon, 22 Mar 2021 14:04:49 GMT

US Dollar remains near high level

On Monday, the US Dollar index remained near a four month high level, as growing US bond yields fuelled demand for the USD.

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