News

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Wed, 19 May 2021 07:53:30 GMT

US, Mexico, Canada discuss trade deal

Trade ministers from Canada, Mexico and the United States discussed their new North American trade agreement and promised to fully enforce the deal's higher standards.

Wed, 19 May 2021 07:35:52 GMT

KKR to acquire UK's John Laing

On Wednesday, KKR, the private equity firm, announced it would acquire John Laing Group, the UK infrastructure investor, in a deal worth around £2.0B ($2.84B).

Wed, 19 May 2021 06:00:08 GMT

Macy's raises forecasts

Macy's, the US department chain, boosted its annual profit and sales outlook, as vaccinations encourage US citizens to in-store shopping as stores had been closed for over a year.

Wed, 19 May 2021 05:00:08 GMT

BOA to raise minimum wage to $25

On Tuesday, Bank of America announced plans to increase its hourly wage for workers in the United States to $25 by 2025.

Wed, 19 May 2021 04:00:08 GMT

US homebuilding declines in April

As reported by the US Commerce Department on Tuesday, US homebuilding declined more than expected last month.

Wed, 19 May 2021 03:00:08 GMT

Lufthansa sees surge in demand for flights

On Tuesday, Lufthansa announced that it was seeing an increase in demand for flights to the US and to European destinations.

Wed, 19 May 2021 02:00:08 GMT

Foxconn, Stellantis sign strategic partnership

On Tuesday, Foxconn and automaker Stellantis have signed a non-binding memorandum of understanding to form a 50-50 joint venture to build connectivity-focused vehicle technology.

Tue, 18 May 2021 20:00:08 GMT

Reuters reports on Israeli markets

On Tuesday, a report published by Reuters revealed that Israeli conflicts with Palestine rarely impact Israeli financial markets.

Tue, 18 May 2021 19:00:08 GMT

Colonial Pipeline experiences new issues

Colonial Pipeline reported on Tuesday that the company had been experiencing network issues, which affected shipment scheduling.

Tue, 18 May 2021 18:00:09 GMT

Retailers experience shopper return

On Tuesday, retailers like Walmart, Home Depot and Macy's reported a return of shoppers back to mortar and brick stores.

Tue, 18 May 2021 16:49:09 GMT

Services sector grows in US

The New York Federal Reserve revealed on Tuesday that the state's services sector had experienced a record growth of activity.

Tue, 18 May 2021 16:00:09 GMT

Yellen comments on tax hike

On Tuesday, the US Treasury Secretary Janet Yellen stated that the upcoming US tax hike and infrastructure plan would increase corporate profits.

Tue, 18 May 2021 15:10:51 GMT

Wall Street indices surge

At the start of Tuesday's US trading, US stock indices surged due to Wallmart and Home Depot reporting better than forecast earnings results.

Tue, 18 May 2021 13:56:14 GMT

Lamborghini plans entirely gas-electric lineup

Supercar brand Lamborghini is planning a $1.5B investment into the production of a fully gas-electric hybrid lineup, saying it should be ready by 2024, according to the brand's CEO.

Tue, 18 May 2021 13:00:08 GMT

Baidu tops quarterly revenue forecast

China's Baidu reported on Tuesday its quarterly revenue had topped Wall Street's expectations, driven by its artificial intelligence and cloud services that fight off competition in Baidu's core search business.

Tue, 18 May 2021 12:00:08 GMT

IBM to buy Waeg

On Tuesday, IBM announced it would acquire Salesforce's partner Waeg, seeking to extend the company's range of services as well as support its AI and hybrid cloud strategy.

Tue, 18 May 2021 11:06:43 GMT

Credit Suisse to add over 1K IT staff

Credit Suisse Group is planning to hire more than 1K IT staff in India in 2021, as the lender is eager to make the country its global technology innovation centre.

Tue, 18 May 2021 09:37:42 GMT

Cryptocurrencies recover

In the aftermath of suffering major losses during the prior week and on Monday, major cryptocurrency prices recovered during Tuesday's trading.

Tue, 18 May 2021 09:00:08 GMT

Vodafone falls short of expectations

On Tuesday, the mobile operator Vodafone posted a 1.2% fall in its full-year adjusted earnings, missing market expectations, due to the coronavirus hit on handset sales and roaming revenue.

Tue, 18 May 2021 08:23:09 GMT

US leader seeks human drivers in self-driving cars

On Tuesday, a top US labour union leader is calling on the US government to require human drivers in all automated vehicles to eliminate possible risks in case of an emergency.

Tue, 18 May 2021 06:46:25 GMT

Toyota Motor shares hit record high

Toyota Motor's shares surged for the third consecutive session, hitting their record high this Tuesday, amid investors betting on the carmaker's ability to deal with the global chip deficit better than rivals.

Tue, 18 May 2021 06:29:36 GMT

AT&T, Discovery merge their media assets

Warner Bros and HBO studios owner AT&T is set to combine media assets with the streaming and cable network Discovery to create streaming powerhouse, according to the US telecoms giant's statement made on Monday.

Tue, 18 May 2021 05:00:09 GMT

J&J cuts deliveries to Europe

Johnson & Johnson revealed on Monday that this week the company would cut its deliveries to Europe by half.

Tue, 18 May 2021 04:00:08 GMT

Wells Fargo launches new plan

On Monday, Wells Fargo announced a new 10-year plan that would boost banking service consumption among unbanked US individuals.

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