News

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Wed, 10 Mar 2021 02:30:10 GMT

US judge approves Daimler's $1.5B settlement

On Tuesday, a US judge has approved a $1.5B Daimler AG's emissions settlement with the US government.

Tue, 09 Mar 2021 21:25:57 GMT

JPMorgan to shut Chase Pay

JPMorgan Chase & Co announced on its website that it will discontinue its Chase Pay digital wallet at the end of the month, adding that customers will be able to keep using their Chase cards.

Tue, 09 Mar 2021 20:31:27 GMT

LG aims to make battery cells for Tesla

LG Energy Solution aimed to produce battery cells for Tesla electric cars in 2023 and considered potential production sites in the US and Europe, sources familiar with the matter said.

Tue, 09 Mar 2021 18:59:31 GMT

US stocks advance on Tuesday

On Tuesday, Wall Street's main indexes edged higher, as the Nasdaq Composite Index surged by 399.55 points or 3.17% at 9:59 a.m. ET.

Tue, 09 Mar 2021 18:17:54 GMT

China EV trio plan 2021 HK listings

The US-listed Chinese electric carmakers Nio Inc, Xpeng Inc and Li Auto Inc are seeking Hong Kong listings this year, with each company aiming to sell not less than 5% of the enlarged share capital.

Tue, 09 Mar 2021 17:32:44 GMT

Coupang seeks $58B IPO valuation

SoftBank Group-backed firm Coupang seeks a $58B valuation in its US initial market offering, following the e-commerce giant's move to boost its listing price range on Tuesday.

Tue, 09 Mar 2021 16:16:17 GMT

Tesla recovers from record bottom

During early Tuesday's US trading hours, the stock price of Tesla recovered by more than 12.00%, after it had hit a record low of 540.00 on Friday.

Tue, 09 Mar 2021 15:16:51 GMT

AerCap confirms talks with GE

On Tuesday, Ireland's AerCap Holdings has confirmed the on-going negotiations with General Electric to buy its aircraft-leasing business.

Tue, 09 Mar 2021 13:52:14 GMT

Norway halts Rolls-Royce asset sale

Norway has halted Rolls-Royce's scheduled asset sale to a Russian firm, citing security grounds for the Norwegian navy, according to the justice ministry's statement made on Tuesday.

Tue, 09 Mar 2021 12:42:21 GMT

Next NASA crew launch delayed to Apr. 22

The next NASA-SpaceX crew launch to the International Space Station is delayed to April 22, the space agency reported on Tuesday.

Tue, 09 Mar 2021 12:15:52 GMT

Investors claim $1.2B from Vivendi

On Tuesday, Vivendi's investor group is set to claim $1.2B in damages from the media giant, alleging the company had made false statements related to finances of a two-decade-old merger deal.

Tue, 09 Mar 2021 10:40:50 GMT

European stocks extend gains

During Tuesday's European trading hours, stock indices in Europe surged, extending Monday's record surge.

Tue, 09 Mar 2021 10:13:13 GMT

TIM sees job cuts in Italy in 2021

Telecom Italia is planning up to 1,300 redundancies in Italy in 2021 on the back of the phone group's efforts to revamp business in the coronavirus crisis.

Tue, 09 Mar 2021 09:37:17 GMT

Gap considers China business sale

The apparel retailer Gap is exploring its China business potential sale as well as other options, according to a Bloomberg report.

Tue, 09 Mar 2021 07:52:48 GMT

Ripple to terminate partnership with MoneyGram

Ripple, the blockchain payment company, is set to end its partnership with MoneyGram International, the money transfer services firm, both companies announced on Monday.

Tue, 09 Mar 2021 07:37:33 GMT

China's EV trio plan HK listings in 2021

Chinese electric vehicle makers Xpeng Inc, Nio Inc and Li Auto Inc are planning their listings in Hong Kong this year.

Tue, 09 Mar 2021 06:30:34 GMT

Unites States subsidize USPS

On Monday, a group of US Senate Democrats introduced a new law that would award the United States Postal Service with a $6 billion subsidy.

Tue, 09 Mar 2021 05:30:46 GMT

Dow Jones stocks surge

During Monday's US trading hours, the Dow Jones index surged, as the stocks that compile the index were benefiting from the finalizing of the latest coronavirus relief bill.

Tue, 09 Mar 2021 04:26:50 GMT

US Dollar reaches high level

On Monday, the value of the US Dollar reached a new 2021 high level, as the surge that was caused by the Federal Reserve last Thursday continued.

Mon, 08 Mar 2021 21:44:22 GMT

Tesla loses third of value

During Monday's US trading hours, the stock price of Tesla extended its decline, as the company lost a third of its value for a third time during a year.

Mon, 08 Mar 2021 20:42:33 GMT

Deutsche Post to make €1B share buyback

Deutsche Post announced that its intention to buy back shares of up to a total of €1B for a one-year period starting this month to benefit from positive business trends.

Mon, 08 Mar 2021 20:05:46 GMT

PayPal to buy Israel-based Curv

PayPal Holdings announced that it would buy Curv, the Israel-based digital asset security company, aiming to strengthen support to cryptocurrencies.

Mon, 08 Mar 2021 19:04:39 GMT

Diageo acquires Far West Spirits

On Monday, Diageo announced that the acquisition of Far West Spirits, owner of the Lone River Ranch Water brand.

Mon, 08 Mar 2021 17:58:40 GMT

Telecom Italia plans to slash around 1.3K jobs

According to two union sources, Telecom Italia has informed Italy's trade unions about plans to slash up to 1,300 jobs this year.

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