News

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Tue, 16 Feb 2021 14:41:36 GMT

General Motors stock recovers

At the start of Tuesday's US trading hours, the stock price of General Motors continued its recovery from the last week's earnings announcement drop.

Tue, 16 Feb 2021 14:29:23 GMT

Bitcoin pierces 50,000.00 mark

During Tuesday's trading, the price for Bitcoin was booking higher all-time highs, as the price reached above the 50,000.00 level.

Tue, 16 Feb 2021 14:12:58 GMT

Adidas plans Reebok divestment

On Tuesday, Adidas AG, the German sportswear maker, announced its plans to divest Reebok, its undeperforming brand that Adidas had failed to revive.

Tue, 16 Feb 2021 12:52:51 GMT

Goldman Sachs rolls out Marcus Invest

Goldman Sachs Group has unveiled Marcus Invest, an automated wealth-management service, to invest consumer funds across the managed portfolios, the lender announced on Tuesday.

Tue, 16 Feb 2021 12:36:36 GMT

Palantir's Q4 revenue soars 40%

On Tuesday, Palantir Technologies reported a 40% surge in its Q4 revenue to $322.1M, after the US data analytics firm went public in September 2020.

Tue, 16 Feb 2021 10:58:14 GMT

Bank of Japan continues stimulus

On Tuesday, the Governor of the Bank of Japan Haruhiko Kuroda stated that the central bank has no plans to reduce ETF buying.

Tue, 16 Feb 2021 09:44:41 GMT

Amazon India to launch TV streaming device

Amazon.com is planning the TV streaming device to be launched in India in 2021 through the contract manufacturer Foxconn's unit, according to the US online retail giant's statement seen on Tuesday.

Tue, 16 Feb 2021 09:36:36 GMT

UK CMA concerned over eBay-Adevinta deal

The British competition authority is concerned over the Norwegian firm Adevinta's purchase of eBay-owned classified ads business for $9.2B, sending Adevinta's stock lower.

Tue, 16 Feb 2021 06:30:55 GMT

EU discusses lockdowns

On Monday, the Finance Ministers of the European Union discussed, when could pandemic lockdowns be lifted.

Tue, 16 Feb 2021 04:40:31 GMT

EU comments on economic guidance

The European Commission announced on Monday that they would issue new budget guidance rules in spring. This announcement prolonged the ongoing stimulus.

Tue, 16 Feb 2021 04:31:07 GMT

Eurogroup comments on economy

On Monday, the Chairman of the Ministers of the Euro Zone stated that stimulus for Europe should remain as long as required.

Mon, 15 Feb 2021 21:39:23 GMT

European stocks surge

During Monday's European trading, stock indices surged, as European governments stated that stimulus should go on.

Mon, 15 Feb 2021 21:06:18 GMT

Mitchells & Butlers to raise £350M

The British pub operator Mitchells & Butlers is set to raise £350M in new equity within a deal with creditors and the main investors, which also included £150M in new credit lines.

Mon, 15 Feb 2021 19:44:20 GMT

Saudis limit foreign firms cooperation

Saudi Arabia is set to no longer ink contracts with foreign firms which do not have a headquarters in the country after 2023, official sources said.

Mon, 15 Feb 2021 19:02:05 GMT

Google fined for hotel rankings practices

Google's Irish and French unit agreed to pay a €1.1M fine after the probe over Google's hotel rankings indicated them misleading for consumers.

Mon, 15 Feb 2021 17:47:32 GMT

Nigeria's Okonjo-Iweala confirmed as WTO DG

On Monday, the former Nigerian Finance Minister Ngozi Okonjo-Iweala was confirmed by consensus to be the next Director-General of the World Trade Organization.

Mon, 15 Feb 2021 16:57:35 GMT

Bollore to retain strong influence on Universal

Shares of Vivendi jumped by 22% in early trading on Monday after the French business tycoon Vincent Bollore said it would distribute 60% of subsidiary Universal Music Group's capital to shareholders.

Mon, 15 Feb 2021 16:04:29 GMT

Ford terminates stake in Velodyne Lidar

According to a regulatory filing, Ford Motor has terminated its 7.6% or 13.07 million shares in Velodyne Lidar.

Mon, 15 Feb 2021 14:40:41 GMT

Siemens Healthineers' Varian deal to get approval

The EU antitrust watchdog is set to grant its approval to Siemens Healthineers' $16.4B bid for Varian Medical Systems, according to Reuters.

Mon, 15 Feb 2021 14:03:40 GMT

Rolls-Royce appoints new CFO

UK's Rolls-Royce appointed the former Deloitte's head Panos Kakoullis as the company's Chief Financial Officer, in attempts to ride out the coronavirus pandemic.

Mon, 15 Feb 2021 12:00:01 GMT

JLR car range to become fully electric

Jaguar Land Rover's vehicle range is set to become fully electric in less than ten years, by 2030, due to the carmaker's intention to avoid potential bans on new fossil-fuel car sales.

Mon, 15 Feb 2021 11:05:10 GMT

Crude oil reaches high level

During Monday's European trading hours, the price for crude oil resumed its surge, as price benchmarks reached a 13-month high level.

Mon, 15 Feb 2021 09:41:55 GMT

Appeals court blocks ConocoPhillips Alaska project

On Monday, an appeals court halted the construction of ConocoPhillips' Willow crude oil project worth over $2.0B in Alaska, according to Reuters.

Mon, 15 Feb 2021 09:10:49 GMT

Australia's Seven inks deal with Google

The Australian major news outlet Seven West Media has signed a licensing news agreement with Google, following the government's request the internet titans to pay media firms for content.

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