News

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Sat, 17 Apr 2021 20:08:17 GMT

China, Iran comment on nuclear talks

On Saturday, the Iranian chief negotiator at nuclear talks in Vienna said that an understanding was emerging at the negotiations, while the Chinese envoy also reported the progress.

Sat, 17 Apr 2021 19:26:17 GMT

US companies stand for emissions cuts

A number of the US energy companies sent a letter to Presiden Biden calling to realize policies that would result in 80% emmissions cut by 2030.

Sat, 17 Apr 2021 17:06:27 GMT

Cryptocurrencies decline

During Saturday's trading, the price for bitcoin and other cryptocurrencies declined, as profit taking occurred.

Sat, 17 Apr 2021 16:00:10 GMT

Yandex to roll out e-grocery delivery in Europe

Russia's internet giant Yandex is bringing the online grocery delivery to Europe by launching it in Paris in 2021's Q2 and plans to roll out the service later in London, following robust demand in Russia amid the pandemic.

Sat, 17 Apr 2021 15:00:11 GMT

Revolut on track for $10B valuation

The British fintech company Revolut is on path to over $10.0B valuation with a new fundraising, according to a Sky News report published on Saturday.

Sat, 17 Apr 2021 14:05:18 GMT

Musk's SpaceX awarded moon lander contract

Space X space company owned by Elon Musk has won the $2.9B NASA contract for building a spacecraft that will make it possible for astronauts to land on the moon in 2024, the agency reported.

Sat, 17 Apr 2021 13:29:10 GMT

Japan, US unite against China

The US President Joe Bide and Japanese Prime Minister Yoshihide Suga stated on Saturday that both countries would counter China's expansion.

Sat, 17 Apr 2021 12:32:58 GMT

GM, LG Energy to build battery plant

LG Energy Solution and General Motors stated on Friday that would build a second battery production plant in the state of Tennessee by 2023.

Sat, 17 Apr 2021 11:35:02 GMT

Credit Suisse faces lawsuit

One of Michigan pension funds on Friday filed a lawsuit against Credit Suisse for improperly managing risky customers, such as Archegos and Greensill Capital.

Sat, 17 Apr 2021 10:32:29 GMT

Morgan Stanley reports $911M loss

Morgan Stanley reported on Friday that it had lost $911M from the crash of Archegos Capital Management.

Sat, 17 Apr 2021 09:36:29 GMT

ARK buys more Coinbase, Tesla shares

On Friday, ARM acquired Coinbase Global Inc's another 187,078 shares worth nearly $64M.

Sat, 17 Apr 2021 07:00:09 GMT

LG, GM to build second battery factory in US

On Friday, LG Energy Solution and General Motors announced plans to build the second battery factory in Tennessee.

Sat, 17 Apr 2021 06:00:08 GMT

US homebuilding surges to nearly 15-year highs

As reported by the US Commerce Department on Friday, US homebuilding rose to almost 15-year highs last month.

Sat, 17 Apr 2021 05:00:08 GMT

Dow, S&P 500 hit record highs

On Friday, the Dow Jones Industrial Average and the S&P 500 hit record highs, boosted by US corporate company earnings reports.

Sat, 17 Apr 2021 04:00:06 GMT

Siewert to leave Goldman Sachs

As reported by the New York Times on Friday, Goldman Sachs's Communications Chief Jake Siewert is leaving the bank.

Sat, 17 Apr 2021 03:00:07 GMT

Global equities near record highs

On Friday, global equity markets hovered near record highs, as data from the United States and China cemented expectations of quick global economy recovery.

Sat, 17 Apr 2021 02:00:09 GMT

Grab considers secondary Singapore listing

According to sources with knowledge of the matter, Grab Holdings is mulling a secondary Singapore listing after finalizing the Nasdaq listing through a $40B SPAC Altimeter Growth Corp merger.

Fri, 16 Apr 2021 20:00:05 GMT

GM, LG plans another US battery plant

General Motors and LG Energy Solution, its South Korea-based joint-venture partner, are planning to establish the second battery cell plant worth $2.3B in Tennessee, the United States.

Fri, 16 Apr 2021 19:00:09 GMT

Hyundai unveils new head for mobility arm

On Friday, Hyundai Motor Group unveiled it had created a new mobility unit with the intention to roll out more service models, naming Song Chang-hyeon as the automaker's new chief.

Fri, 16 Apr 2021 18:00:06 GMT

New Zealand gives Amazon extra $116M rebates

On Friday, New Zealand agreed to award Amazon an extra $116M worth subsidy on "The Lord of the Rings" TV series filming expenses in the country.

Fri, 16 Apr 2021 17:00:08 GMT

Apple backs carbon removal

Apple created a $200M worth fund to invest into timber-producing forests, which will be managed in carbon removal efforts, while also generate a profit, the tech giant said.

Fri, 16 Apr 2021 15:53:11 GMT

Goldman's communications head to quit

Goldman Sachs Group's corporate communication head Jake Siewert is set to step down from his role in the bank, according to the New York Times report published on Friday.

Fri, 16 Apr 2021 14:42:46 GMT

Daimler posts better-than-expected profit

Daimler reported a better-than-anticipated Q1 profit of $6.0B, driven by surging demand for the carmaker's luxury Mercedes-Benz cars in China as well as by higher prices.

Fri, 16 Apr 2021 14:04:16 GMT

Morgan Stanley posts jump in Q1 profit

On Friday, Morgan Stanley posted a 150% surge in its Q1 profit, topping Wall Street's estimates, while disclosing a nearly $1.0B loss from the private fund Archegos's collapse.

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