News

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Sat, 27 Feb 2021 17:21:29 GMT

Niu seeks supplying Gojek

Niu Technologies has entered talks with the ride-hailing firm Gojek over its electric scooters supply to raise market share in the Southeast Asia, Niu's CEO said to Reuters.

Sat, 27 Feb 2021 16:30:14 GMT

SoftBank, WeWork's CEO reach settlement

SoftBank Group stated it had reached settlement with the WeWork's ex-CEO Adam Neumann and the company's special committee in their legal battle related to WeWork's acquisition in 2019.

Sat, 27 Feb 2021 15:08:13 GMT

AMC approves bonuses to top execs

AMC Entertainment Holdings said it had granted an approval of millions in bonuses to the theatre operator's eligible employees and top executives with intention to preserve the stockholder value amid the coronavirus pandemic.

Sat, 27 Feb 2021 13:59:25 GMT

Reliance partners with Google and Facebook

According to the Economic Times, India's Reliance formed a parthership with Google, Facebook and Infibeam in order to build a local digital payment network.

Sat, 27 Feb 2021 13:32:13 GMT

Berkshire Hathaway profit on rise

Berkshire Hathaway Inc stated on Saturday that the company's operational quarterly profit increased 14%.

Sat, 27 Feb 2021 12:34:24 GMT

Citi revises earnings

On Friday, Citigroup Inc added $390M in operational costs in the last year's Q4 after losing the Revlon case.

Sat, 27 Feb 2021 11:34:41 GMT

Airlines call for greener aviation fuel support

The heads of American Airlines, Delta Air Lines and United Airlines called the US government on Friday to support greener aviation fuel.

Sat, 27 Feb 2021 10:36:26 GMT

House passes $1.9T pandemic relief plan

On early Saturday, the US House of Representatives voted for Joe Biden's $1.9T COVID-19 relief plan.

Sat, 27 Feb 2021 08:42:07 GMT

Robinhood to file for confidential IPO

The online brokerage Robinhood seeks to file for a confidential initial public offering already in March, according to a Bloomberg News report.

Sat, 27 Feb 2021 08:11:39 GMT

Tesla's US plant closes amid parts shortages

Elon Musk, Tesla's Chief Executive Officer, said the carmaker's US factory Fremont had been closed on this week's Monday and Tuesday amid "parts shortages", sending Tesla's shares down 8% on the news.

Sat, 27 Feb 2021 07:10:17 GMT

G20 vows to support global economy

Finance ministers and central bank governors of G20 vowed to continue to work more closely to accelerate the global economic recovery, the Italian presidency of the G20 group announced on Friday.

Sat, 27 Feb 2021 06:04:43 GMT

BOA to offer staff paid time off to get vaccinated

As reported by Bloomberg News on Friday, Bank of America would give its employees in the US a paid time off to get the coronavirus vaccine.

Sat, 27 Feb 2021 05:05:54 GMT

Stournaras calls for increase in ECB's bond buying

On Friday, the Greek Central Bank Governor Yannis Stournaras called on the ECB to accelerate the pace of PEPP buying to ensure favourable funding conditions during the COVID-19 pandemic.

Sat, 27 Feb 2021 04:09:48 GMT

Ecuadorean Health Minister resigns

On Friday, Ecuador's Health Minister Juan Carlos Zevallos has resigned following criticism for poor handling of the COVID-19 pandemic and the vaccination process.

Sat, 27 Feb 2021 02:33:13 GMT

GameStop shares jump more than 10%

On Friday, shares of GameStop edged higher over 10%, as data showed that call options market activity in the stock was heavily traded this week.

Fri, 26 Feb 2021 21:00:26 GMT

Volkswagen expects strong rebound in 2021

Volkswagen announced expectations for deliveries, revenues and margins to rebound markedly this year as the COVID-19 pandemic eases, after slashing the companyš profits in 2020.

Fri, 26 Feb 2021 19:50:31 GMT

Ardagh Metal to sell $2.8B green bond

Ardagh Metal Packaging is set to sell its green bonds worth nearly $2.8B, the largest green issuance in the high-yield market to date, within a plan to merge with Alec Gores-backed blank-check company.

Fri, 26 Feb 2021 19:16:41 GMT

Beyond Meat deals with Yum Brands, McDonald's

Plant-based meat producer Beyond Meat announced that it signed multi-year supply agreements with McDonald's and Yum! Brands Inc.

Fri, 26 Feb 2021 18:29:27 GMT

India economy expands

The economy of India increased 0.4% in the October-December period, after contracting for two consecutive quarters, data published by the government show.

Fri, 26 Feb 2021 16:48:23 GMT

US consumer spending rises

US consumer spending increased 2.4% in January, by the most in seven months, data published by the Commerce Department show.

Fri, 26 Feb 2021 16:32:00 GMT

Norwegian Air cancels Airbus order

Norwegian Air Shuttle, a Norwegian low-cost airline, cancelled 88 narrow-body jets order from Airbus, a Norwegian Air spokesman says.

Fri, 26 Feb 2021 14:55:21 GMT

Nvidia recovers after plummeting

At the start of Friday's US trading hours, the stock price for Nvidia recovered by 3.35%. Previously, on Thursday, the stock price plunged by 8.22%.

Fri, 26 Feb 2021 13:57:43 GMT

Toyota makes fuel cell system module

On Friday, Toyota Motor stated it had developed a new module of the fuel cell system, seeking to expand the zero-emission technology accessibility and usage.

Fri, 26 Feb 2021 12:46:03 GMT

Futures drop on tech stocks decline

On Friday, the US stock index futures fell as tech stocks were down between 0.6% and 0.9% due to elevated US bond yields as well as a potential spike in inflation.

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