News

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Thu, 15 Apr 2021 04:00:07 GMT

Acciona prepares for energy unit's IPO

Spain's conglomerate Acciona stepped up preparations for an IPO of the renewable energy unit and hired banks to lead the deal anticipated to value the business at more than €8B.

Thu, 15 Apr 2021 03:00:09 GMT

Ford outlines new production cuts

Ford Motor Co announced another series of facilities shutdowns amid the global semiconductor chip shortage, with one plant in Turkey and five in the US affected.

Wed, 14 Apr 2021 21:32:30 GMT

Dell to spin off its stake in VMware

Dell Technologies announced plans to spin off a stake of 81% in VMware to create two standalone public firms in a deal worth almost $9.7B.

Wed, 14 Apr 2021 20:00:06 GMT

GM to announce new US plant with LG Chem

General Motors and LG Chem are expected to announce a second US battery cell manufacturing factory on Friday, unveiling plans for a $2.3B factory in Tennessee, sources said.

Wed, 14 Apr 2021 18:03:01 GMT

Oil surges more than 4% on Wednesday

Oil prices climbed over 4% on Wednesday, as the report from the International Energy Agency, followed by US inventory data raised optimism on returning demand for crude.

Wed, 14 Apr 2021 17:46:12 GMT

Alkami valued at $3B in market debut

Alkami Technology's shares increased 38% in the US stock market debut on Wednesday, granting the US banking software supplier a market capitalization of $3.43B.

Wed, 14 Apr 2021 16:00:08 GMT

World Bank loans Bangladesh over $1B

The World Bank signed several financing agreements with Bangladesh totaling $1.04B to support the country's efforts in dealing with the COVID-19 pandemic.

Wed, 14 Apr 2021 15:43:42 GMT

Namibia economy contracts

The economy of Namibia contracted 8% in 2020, following a contraction of 0.6% in 2019, the Bank of Namibia governor Johannes Gawaxab says.

Wed, 14 Apr 2021 15:32:37 GMT

Goldman Sachs profit surges

Revenue of Goldman Sachs surged in the first quarter of 2021, beating analysts' expectations, data published by the US investment banking giant show.

Wed, 14 Apr 2021 14:25:08 GMT

SpaceX attracts $1.16B in equity financing

Elon Musk's SpaceX raised nearly $1.16B in equity financing, according to the amended regulatory filing published by the rocket launch service on Wednesday.

Wed, 14 Apr 2021 13:30:58 GMT

Goldman profit beats estimates

On Wednesday, Goldman Sachs Group topped Wall Street's forecasts for its Q1 profit, as the American investment lender capitalised on the global dealmaking activity's record levels and the pandemic-driven surge in stock market trading.

Wed, 14 Apr 2021 12:26:51 GMT

Ford to put self-driving tech in some vehicles

On Wednesday, Ford Motor stated it would offer its self-driving technology in some car and truck models as well as Mustang models already this year.

Wed, 14 Apr 2021 11:10:06 GMT

Ryanair to take 737 MAX delivery soon

Ryanair is planning to take the Boeing 737 MAX jet delivery after two years of suspension due to the aircraft grounding caused by two fatal crashes.

Wed, 14 Apr 2021 09:16:22 GMT

Norwegian Air to raise extra cash

Norwegian Air is planning to raise up to $711M in fresh capital to boost its resources before the company exits from the bankruptcy protection in May as the coronavirus pandemic keep halting travel.

Wed, 14 Apr 2021 08:36:07 GMT

LVMH shares reach their record-high level

On Wednesday, LVMH's shares surged to their record-high level after reporting strong sales figures, which showed the world's largest luxury goods company had recovered far more rapidly than estimated in early 2021.

Wed, 14 Apr 2021 05:00:11 GMT

Grab Holdings to go public

On Tuesday, Singapore-based ride-hailing service Grab Holdings announced plans to go public in the United States through a merger deal with Altimeter Growth Corp.

Wed, 14 Apr 2021 04:00:08 GMT

Norway to unwind some coronavirus restrictions

Norway will begin to ease some COVID-19 restrictions, the Norwegian Prime Minister Erna Solberg announced on Tuesday.

Wed, 14 Apr 2021 03:00:07 GMT

BoE's Chief Economist Haldane to resign

Andy Haldane, Bank of England's Chief Economist, will quit his position this year, the BoE announced on Tuesday.

Wed, 14 Apr 2021 01:17:51 GMT

PBOC appoints Bo as Deputy Governor

On Tuesday, Li Bo, a US-educated economist, was appointed as the Deputy Governor of the People's Bank of China.

Tue, 13 Apr 2021 20:00:07 GMT

Egyptian court orders $900M compensation from Ever Given

An Egyptian court ordered $900M compensation from an owner of the massive vessel Ever Given for the blockage of the Suez Canal.

Tue, 13 Apr 2021 19:00:06 GMT

China foreign trade rises 29.2% in Q1

China's foreign trade surged 29.2% to $1.29 trillion in the first quarter of 2021, compared to the same period in 2020, the General Administration of Customs reports.

Tue, 13 Apr 2021 18:00:08 GMT

Blockchain company ConsenSys raises $65M

Blockchain technology company ConsenSys raised $65M from major banks and other fintech companies including J.P. Morgan, Mastercard and UBS.

Tue, 13 Apr 2021 17:00:06 GMT

Epic Games raises $1B

Epic Games raised $1B in its latest round of funding that values the company at $28.7B, data published by the company show.

Tue, 13 Apr 2021 16:00:07 GMT

US consumer prices rise

US consumer prices increased by the most in more than 8 years in March as massive fiscal stimulus unleashed demand, the Labor Department reports.

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