News

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Tue, 13 Apr 2021 10:34:58 GMT

European shares pause surge

During Tuesday's European trading hours, European stock indices paused their surge near record high levels.

Tue, 13 Apr 2021 08:56:46 GMT

US senator seeks banning Big Tech from M&As

The US Senator Josh Hawley has introduced a legislation that would ban companies, including the Big Tech, from any merger and acquisition deals with the market value more than $100B.

Tue, 13 Apr 2021 07:42:55 GMT

Credit Suisse unveils board nomination

Credit Suisse Group announced on Tuesday it had nominated Christian Gellerstad, the wealth management expert, for election to Swiss entity's board of directors at the annual general meeting that would take place on April 30.

Tue, 13 Apr 2021 07:34:14 GMT

Grab plans $40B SPAC deal

Grab Holdings, the Southeast Asian biggest food delivery and ride-hailing company, will announce on Tuesday its merger deal with the US SPAC Altimeter at the valuation of about $40B.

Tue, 13 Apr 2021 06:37:37 GMT

Nvidia sees Q1 sales over $5.3B

Nvidia is expecting its Q1 sales to exceed $5.3B on robust demand for its chips that power cryptocurrency mining and data centres, the chipmaker said.

Tue, 13 Apr 2021 05:00:06 GMT

US budget hits new record

On Monday, the US government announced that the US budget deficit had reached a record high in March of 2021.

Tue, 13 Apr 2021 04:00:09 GMT

Rosengren comments on economy

The President of the Boston Federal Reserve Bank Eric Rosengren stated on Monday that the US economy would experience a rebound in 2021.

Tue, 13 Apr 2021 03:00:09 GMT

Air France-KLM issue shares

On Monday, Air France-KLM announced that it would raise $1.2 billion in new equity to handle the coronavirus crisis.

Mon, 12 Apr 2021 20:00:08 GMT

US consumer sentiment improves

US consumers are more optimistic about the labour market and expect higher inflation, a survey released by the Federal Reserve Bank of New York shows.

Mon, 12 Apr 2021 19:15:06 GMT

Intel produces auto chips

Intel announced on Monday, that it would start the production of auto chips in six to nine months.

Mon, 12 Apr 2021 19:00:06 GMT

Microsoft to buy Nuance Communications

Microsoft plans to purchase artificial intelligence company Nuance Communications for about $16B in cash, the Microsoft CEO Satya Nadella says.

Mon, 12 Apr 2021 18:00:06 GMT

Samsung to supply battery cells to Rivian

Electric vehicle producer Rivian, backed by Amazon and Ford, plans to use battery cells produced by the South Korean manufacturer Samsung in its vehicles.

Mon, 12 Apr 2021 17:25:53 GMT

China new bank loans increase

New bank loans in China increased by more than expected to $416.62B in March from $210B in February, data released by the People's Bank of China show.

Mon, 12 Apr 2021 16:34:07 GMT

China extends crackdown on Ant Group

The crackdown on Ant Group directed by the Central Bank of China subjects the company to tougher capital requirements and regulatory oversight and requires it to remove links between Alipay and other businesses.

Mon, 12 Apr 2021 15:30:38 GMT

Biden infrastructure plan assigns $50B for chip research, manufacturing

The US President Joe Biden's $2 trillion infrastructure plan includes $50B for semiconductor research and production, the White House reports.

Mon, 12 Apr 2021 14:00:10 GMT

Smartphone shipments to China surge

On Monday, it was revealed by the Chinese government that smartphone shipments to China had increased by 67.7% on an annual basis.

Mon, 12 Apr 2021 13:00:08 GMT

Prices rise in Japan

In March, for the first time in a year Japanese wholesale prices increased. The event signals that an economic recovery might have started.

Mon, 12 Apr 2021 12:00:06 GMT

ECB comments on credit

On Monday, the ECB revealed that in the fourth quarter of 2020 bad loans in the euro zone had reached a record low level, which signals that lenders are avoiding giving out bad debt.

Mon, 12 Apr 2021 11:00:07 GMT

White House addresses chip shortage

The US government announced on Monday that it would meet with heads of 20 companies to discuss the global semiconductor shortage.

Mon, 12 Apr 2021 10:24:54 GMT

Alibaba shares recover

On Monday, the shares of Alibaba recovered despite the $2.75 billion anti-trust fine, as the company announced that it does not expect it to impact the company.

Mon, 12 Apr 2021 08:00:08 GMT

Asian stocks decline into earnings session

On Monday, Asian equities edged lower, as traders and investors await the US corporate earnings reports.

Mon, 12 Apr 2021 07:00:06 GMT

Japanese bank lending surges by 6.3% in March

According to official data, Japan's bank lending surged by 6.3% last month, as the COVID-19 pandemic pressured the services sector.

Mon, 12 Apr 2021 06:00:07 GMT

US Dollar languishes near 2-1/2-week lows

On Monday, the US Dollar languished near a two-and-half week lows against a basket of major currencies, as a drop in the US Treasury yields restrained the Greenback.

Mon, 12 Apr 2021 05:00:07 GMT

Canada trade surplus narrows

Canada's trade surplus narrowed to $792M in February from $960M in January, a report published by the Statistics Canada shows.

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