News

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Fri, 21 May 2021 20:00:07 GMT

US existing home sales down 2.7%

The National Association of Realtors reported that existing home sales declined 2.7% to a seasonally adjusted yearly rate of 5.85M units last month, the lowest level since last year's June.

Fri, 21 May 2021 19:20:30 GMT

US manufacturing PMI up to 61.5 in early May

The IHS Markit report showed that the US Manufacturing PMI increased to 61.5 in the first half of May to the highest level since 2009 amid solid domestic demand.

Fri, 21 May 2021 17:55:16 GMT

Snap to acquire AR firm WaveOptics

On Friday, Snap Inc announced it would acquire the UK augmented reality technology firm WaveOptics in a deal worth more than $500 million.

Fri, 21 May 2021 17:33:57 GMT

Daimler Truck sees further engine job losses

Daimler Truck's CEO Martin Daum stated on Friday that he expected further job losses in the coming 15 years at the European truck engine factories due to the transition to "green" trucks.

Fri, 21 May 2021 15:00:08 GMT

Wall Street opens higher

US stock indices started Friday's US trading with a gap up, as a previously started recovery was extended.

Fri, 21 May 2021 14:08:39 GMT

NVDA stock surges due to split

During Friday's US trading hours, the stock price of Nvidia surged by 3.77%. The move was attributed to the company announcing a 4-for-1 stock split.

Fri, 21 May 2021 14:00:09 GMT

Elon Musk considers Russia as production hub

Elon Musk is considering to establish Tesla's presence in Russia, including the potential building of factories there.

Fri, 21 May 2021 13:00:11 GMT

SoftBank board loses two top execs

On Friday, SoftBank Group announced that Ron Fisher, the long-time lieutenant of the Chief Executive Officer Masayoshi Son, and the the chip designer Arm's CEO Simon Segars are set to leave the conglomerate's board.

Fri, 21 May 2021 11:42:41 GMT

Huawei, Changan expand their partnership

China's Huawei Technologies has plans to expand the smart vehicle partnership with Chongqing Changan Automobile, with the expansion to include the development and design of the semiconductor chips.

Fri, 21 May 2021 11:26:14 GMT

China says tech giants violates user privacy

On Friday, the Chinese internet watchdog stated that tech giants including Baidu, ByteDance and Microsoft had collected their user data improperly.

Fri, 21 May 2021 10:37:20 GMT

JD Logistics to lift $3.16B in HK IPO

JD Logistics is eager to price its stock at $5.20 (HK$40.36), marking its indicated range's lower end, to attract $3.16B in its initial public offering in Hong Kong.

Fri, 21 May 2021 08:00:07 GMT

Morgan Stanley looks for new CEO

Morgan Stanley has announced changes in its leadership, as it started to look for a new successor for the current CEO James Gorman.

Fri, 21 May 2021 07:20:55 GMT

Indonesia to crackdown on Gojek deal

Indonesian antitrust agency intends to scrutinise the Gojek-Tokopedia merger deal worth billions of dollars, seeking to avoid monopoly in the tech industry.

Fri, 21 May 2021 06:48:58 GMT

UK Retail Sales move the GBP

On Friday, at 06:00 GMT the United Kingdom Retail Sales data was released. The country's retail sales had increased by 9.2% instead of the market forecast 4.5%.

Fri, 21 May 2021 05:47:01 GMT

Developing countries battle inflation

On Friday, Reuters released a report on how various developing countries would battle inflation of oil, food and other goods.

Fri, 21 May 2021 05:00:06 GMT

LSE, Reuters discuss content deal

London Stock Exchange Group and Thomson Reuters were in talks over their deal on news content distribution, following their dispute about the Reuters News website paywall.

Fri, 21 May 2021 04:00:06 GMT

Apollo co-founder to resign as managing head

Josh Harris, the co-founder of Apollo Global Management, hands over his day-to-day role by stepping down as the private equity giant's managing director upon completion of its deal with Athene Holding.

Fri, 21 May 2021 03:00:08 GMT

Google plans first physical store in US

Alphabet's Google announced its plans to open the first physical store based in New York City as soon as this summer, adding the store would be located in Chelsea and be a part of the company's campus in that neighbourhood.

Thu, 20 May 2021 20:00:07 GMT

Daimler Truck and Shell close deal

Shell New Energies and Daimler Truck announced on Thursday that they had closed a deal that would have Shell set up hydrogen stations for Daimler Truck.

Thu, 20 May 2021 19:00:07 GMT

Morgan Stanley changes leadership

On Thursday, the CEO of Morgan Stanley James Gorman changed the leadership of the bank in an effort to look for his future replacement.

Thu, 20 May 2021 18:27:44 GMT

JPM launches new US healthcare unit

JPMorgan Chase has launched a new healthcare-focused unit for its employees, a couple of months after that bank's similar venture with Berkshire Hathaway and Amazon.com was disbanded.

Thu, 20 May 2021 18:00:08 GMT

Kohl's raises forecast

The US department store operator Kohl's stated on Thursday that the company would raise its 2021 earnings forecast due to an expected shopping boom.

Thu, 20 May 2021 17:00:07 GMT

Tencent profits rise

On Thursday, Tencent announced that the company's first quarter profits increased by 65% due to a surge in online gaming revenues.

Thu, 20 May 2021 16:00:06 GMT

US weekly jobless claims decline

Data released on Thursday revealed that US weekly jobless claims had continued to decline during the prior week, as less than 500,000 claims were filed.

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