News

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Fri, 19 Mar 2021 21:51:08 GMT

Porsche sees advantages of IPO

Porsche AG considered the idea of a possible stock market listing, with the CFO Lutz Meschke adding the advantages of such action had been identified.

Fri, 19 Mar 2021 20:48:16 GMT

US investigates Visa over debit-card policies

As reported by the Wall Street Journal on Friday, the US Justice Department is probing Visa Inc over its debit-card practices.

Fri, 19 Mar 2021 20:01:51 GMT

FedEx profit jumps more than expected

The US courier company FedEx Corp announced on Thursday that its quarterly profit soared by 153% from a year earlier to $939 million.

Fri, 19 Mar 2021 18:55:44 GMT

Brazil's Real edges higher

On Friday, the Brazilian Real surged more than 1% against the US Dollar, marking its longest winning streak since November 2020.

Fri, 19 Mar 2021 18:01:42 GMT

Colombia's Central Bank to leave rate stable

A Reuters survey showed on Friday that the Colombian Central Bank is expected to leave its interest rate steady in March.

Fri, 19 Mar 2021 16:58:21 GMT

Momenta gets $500M from Toyota, SAIC

On Friday, China's self-driving start-up Momenta stated it had raised $500M from Toyota Motor, SAIC Motor and car parts supplier Bosch in its latest funding round.

Fri, 19 Mar 2021 15:41:30 GMT

Amazon Pay's exec to join WhatsApp

Amazon Pay's top executive Manesh Mahatme is set to join WhatsApp as a new head of the massaging app's Indian payments business, as part of an expansion plan.

Fri, 19 Mar 2021 15:15:38 GMT

Sweden's Charge Amps attracts $15M

Charge Amps, the Swedish maker of EV charging solutions, has raised $15.3M in the Swedbank Robur-led round of funding, ahead of its planned initial public offering next year.

Fri, 19 Mar 2021 13:48:23 GMT

Foxconn, VinFast consider partnership

The largest Vietnamese conglomerate Vingroup announced on Friday its vehicle unit VinFast had entered negotiations with Taiwan's Foxconn over a potential partnership to jointly focus on batteries and EV parts development.

Fri, 19 Mar 2021 12:41:10 GMT

Telecom Italia shared fall on uncertainty

On Friday, Telecom Italia's shares dropped 5% due to uncertainty over the country's broadband network project following recent ministers' comments.

Fri, 19 Mar 2021 11:49:06 GMT

Geely targets Tesla's market

Reuters revealed on Friday that the Chinese auto producer Geely would introduce high-end electric vehicles and take on Tesla's market.

Fri, 19 Mar 2021 10:43:51 GMT

Oil extends losses

On Friday, the price benchmarks for crude oil extended their retracement down into a sixth trading session in row.

Fri, 19 Mar 2021 09:47:51 GMT

Asian stocks decline

During Friday's Asian trading hours, stock indices declined. The decline was attributed to rising bond yields.

Fri, 19 Mar 2021 08:41:07 GMT

Bank of Japan prolongs easing

On Friday, the Bank of Japan revealed that it would make its ultra-easy monetary policy more sustainable by allowing the widening of long-term interest rates.

Fri, 19 Mar 2021 07:50:15 GMT

Fed's Powell to speak Monday

Jerome Powell, the Federal Reserve Chair, is set to give a speech on Monday at the BIS conference over digital age innovation, according to the US central bank' statement made on Thursday.

Fri, 19 Mar 2021 06:31:20 GMT

SpaceX, NASA sign deal to boost safety

NASA and Elon Musk's SpaceX have signed an agreement to enhance space safety by avoiding collisions between NASA's spacecraft and SpaceX's big constellation of satellites.

Fri, 19 Mar 2021 05:49:04 GMT

FedEx profit surges on delivery demand

The US delivery company FedEx reported its quarterly profit surged to $939M from $371M last year on rising prices and higher demand driven by the pandemic-caused home e-commerce deliveries.

Fri, 19 Mar 2021 04:45:11 GMT

Asda's CEO to resign

Asda's CEO Roger Burnley is planning to step down from his role weeks after the UK supermarket chain was acquired in the £6.8B deal, according to Sky News.

Fri, 19 Mar 2021 03:51:51 GMT

US safety agency to investigate Tesla crashes

The US car safety agency has launched as many as 25 inquiries into Tesla vehicle crashes, including three accidents in recent weeks, Reuters reported.

Thu, 18 Mar 2021 21:56:32 GMT

Nike falls short of estimates for Q3 revenue

On Thursday, Nike missed Wall Street's expectations for its Q3 revenue due to the company's stores closure caused by the pandemic, sending shares down 4% in the extended trading.

Thu, 18 Mar 2021 20:41:16 GMT

Diageo to boost ready-to-drink beverage output

Spirits group Diageo is set to spend $80M on two can-filling lines installation at its new Illinois plant, seeking to bolster the fast-growing ready-to-drink beverages production.

Thu, 18 Mar 2021 20:12:22 GMT

EPA's climate change page restored to website

The US Environmental Protection Agency has restored on Thursday the climate change information page to the EPA public website, following its removal made by the Trump Administration amid the old strategy.

Thu, 18 Mar 2021 18:58:37 GMT

AstraZeneca vaccine declared safe

On Thursday, the EMA head Emer Cooke said that AstraZeneca's COVID-19 vaccine was "safe and effective" following safety investigations made earlier that month.

Thu, 18 Mar 2021 18:11:51 GMT

Malaysian economy to recover in 2021

The Malaysian economy is expected to expand 6.5% in 2021 and inflation is projected to reach 2%, data published by the International Monetary Fund show.

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