Munich Re, the German reinsurance group, is anticipating its net profit to recover in 2021 after it dropped as much as 55% last year due to the coronavirus crisis.
During Thursday's Asian and European trading hours, stock indices surged, due to the Federal Reserve confirming that there would be no rate hikes.
On Thursday, Pacific Investment Management Co announced it had appointed the insider Alec Kersman as a new boss of the bond giant's Asia-Pacific business.
Aston Martin is expecting to achieve profitability and bolster its 2021 sales following a deep loss last year, as the company attracted fresh funding, changed its head and was hurt by the pandemic.
China's Geely Automobile together with its Swedish sister firm Volvo Cars are set to abandon their merger plans and launch a new powertrain joint venture as well as expand cooperation over electric cars.
Traveloka, the Southeast Asian biggest online travel startup, is planning to roll out its financial services in Vietnam and Thailand ahead of the US listing via a blank-cheque firm, its president said.
Nvidia Corp estimated its fiscal Q1 revenue to be better than expected, with flagship gaming chips to remain in limited supply for the following several months.
Milan prosecutors ordered four major food delivery firms to officially hire 60K workers and pay a total of €733M in fines after an investigation revealed inadequate working conditions.
Geely Automobile and Volvo Cars stated that they will abandon merger plans, though launch a new venture to expand cooperation on EV and combine powertrain operations.
SoftBank-backed robotics company Berkshire Grey announced that it agreed to go public with a $2.7B valuation via a merger with the blank-check firm.
The Chairman of the US Federal Reserve Jerome Powell stated on Wednesday that it could take up to three years to reach the target inflation of the Fed.
On Wednesday, the Indian government revealed new plans for controlling social media. Namely, social media platforms would be obliged to assist the authorities and erase content.
The Governor of the Board of the Federal Reserve Lael Brainard stated on Wednesday that the Fed was still far from its inflation and employment goals.
On Wednesday, the major backer of Bitcoin Microstrategy revealed that it had acquired addition $1.03 billion of Bitcoin during the most recent dip of the cryptocurrency.
Data published by the US government on Wednesday revealed that home sales in the US grew more than expected. However, the announcement did not impact the value of the USD.
During Wednesday's trading hours, the prices for oil continued to surge, as supply from the US continued to be limited.
The electric air taxi company Joby Aviation is planning to go public via the $6.6B reverse merger deal with the blank check firm Reinvent Technology Partners, both companies announced on Wednesday.
Apple's supplier Foxconn will team up with the electric carmaker Fisker to manufacture over 250K vehicles per year starting from late 2023, sending Fisker's shares up 23.4% on the news on Wednesday.
On Wednesday, Goldman Sachs-backed firm ReNew Power is planning a public listing via a merger deal with the SPAC RMG Acquisition Corporation II that would value India's biggest renewable energy company at $8B.
On Wednesday, the Italian insurer Generali stated that it would launch a 3.5 billion Euro investment plan that would boost the European economy.
Ant group's investor Boyu Capital is planning to raise a new private equity fund focused on China and targeting $6B, Reuters reported on Wednesday.
Lucid Motors' CEO Peter Rawlinson announced that his luxury electric carmaker would launch a rival to Tesla's Model 3 vehicle in 2024-2025.
Hyundai Motor is planning to replace its battery systems in as many as 82K electric vehicles around the world amid fire risks.
According to the Federal Deposit Insurance Corporation, US bank earnings declined by 36.5% last year, a sharp drop from record 2019 profits.