News

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Mon, 08 Mar 2021 16:59:49 GMT

Yellen comments on Biden's $1.9T relief bill

On Monday, Janet Yellen, the US Treasury Secretary, said that President Joe Biden's $1.9T COVID-19 relief bill would provide enough support to fuel a very strong economic recovery.

Mon, 08 Mar 2021 15:55:13 GMT

Tesla to construct battery for Texas grid

Bloomberg News said on Monday that Elon Musk was set to build a large battery via Tesla's Gambit Energy Storage unit that would connect to Texas grid.

Mon, 08 Mar 2021 14:43:33 GMT

Apollo Global to take over Athene

On Monday, Apollo Global stated it is planning to acquire the annuities provider Athene Holding in the all-stock deal worth around $11B.

Mon, 08 Mar 2021 14:14:45 GMT

GameStop picks Cohen as e-commerce shift leader

GameStop Corp has appointed the shareholder Ryan Cohen as the leader of the firm's shift to the e-commerce business, sending its shares up as much as 13% on the news.

Mon, 08 Mar 2021 13:37:08 GMT

McAfee plans enterprise business sale

On Monday, McAfee Corp announced its plans for its enterprise business sale to the Symphony Technology Group-led consortium in a cash-deal worth $4B, sending McAfee's shares up almost 3%.

Mon, 08 Mar 2021 12:12:15 GMT

Xpeng's Q4 net loss narrows 42%

On Monday, China's electric carmaker Xpeng reported its Q4 net loss narrowed as much as 42% compared to the 2019's same period, as the Chinese electric vehicle sales increased.

Mon, 08 Mar 2021 10:48:45 GMT

Oil prices retrace back down

During Monday's European trading hours, crude oil price benchmarks declined. The move was seen as a consolidation in the aftermath of reaching above the 70$ per barrel price.

Mon, 08 Mar 2021 09:49:17 GMT

Deliveroo to trigger London IPO

The UK food delivery service said on Monday it was planning to launch an initial public offering in London after business surged during the coronavirus pandemic.

Mon, 08 Mar 2021 09:35:51 GMT

Panasonic to acquire Blue Yonder

Panasonic Corp is set to acquire Blue Yonder, the US software firm, for $6.45B, the company's largest acquisition since 2011, according to the Nikkei.

Mon, 08 Mar 2021 06:11:33 GMT

Brent crude futures surge above $70

On Monday, Brent crude futures hit $71.38 per barrel during the Asian session, the highest since January 2020.

Mon, 08 Mar 2021 05:00:46 GMT

Myanmar's trade unions call for nationwide strike

On Sunday, Myanmar's labour unions called for a nationwide strike, starting on March 8, in an attempt to stop last month's military coup.

Mon, 08 Mar 2021 04:06:31 GMT

UK tells EU to shake off ill will over post-Brexit trade

On Sunday, the UK top Europe adviser David Frost stated that the European Union should shake off any remaining ill will over post-Brexit trade and concentrate on building a good relationship.

Mon, 08 Mar 2021 02:32:19 GMT

UK's PM comments on post-Brexit trade

On Sunday, UK's Prime Minister Boris Johnson said that his administration would resolve the various technical issues over post-Brexit trade with the European Union.

Sun, 07 Mar 2021 21:29:24 GMT

China truck sales up in February

According to cvworld.cn., the number of sold heavy trucks in China in February reached 112K machines, thus setting a new monthly record.

Sun, 07 Mar 2021 20:33:52 GMT

China's courier services on rise

According to the State Post Bureau, China's courier delivery sector grew 20.2% on year-on-year basis in February.

Sun, 07 Mar 2021 19:09:20 GMT

Canada economic activity rises

Economic activity in Canada increased at the fastest pace in half a year in February, Ivey Purchasing Managers Index data show.

Sun, 07 Mar 2021 18:00:14 GMT

Coursera files for IPO

Online learning platform Coursera filed for an IPO, revealing an increase in revenue amid the disruption from the COVID-19 pandemic.

Sun, 07 Mar 2021 17:06:30 GMT

First neobank opens in UAE

The first independent online bank in the United Arab Emirates, YAP, launched on Sunday with the aim to become a sector leader in the Middle East.

Sun, 07 Mar 2021 15:09:30 GMT

China trade surplus reaches $103.25B

China reported a trade surplus of $103.25B for the first two months of the current year after the country reached a $78.17B surplus in December, official data show. 

Sun, 07 Mar 2021 14:33:49 GMT

Dow to construct hub in South China

The US giant Dow is planning to build a manufacturing hub in the Guangdong Province to strengthen its position in the Asian market.

Sun, 07 Mar 2021 13:15:35 GMT

China's FX reserves drop in February

According to the People's Bank of China, the country's foreign currency reserves decreased to $3.2049.9T from $3.2106.7T in February.

Sun, 07 Mar 2021 12:28:05 GMT

China hopes for better cooperation with US

The State Councillor Wang Yi urged the United States on Saturday to abolish "unreasonable" obstacles in cooperation between two countries.

Sun, 07 Mar 2021 11:37:20 GMT

US agency probes Facebook

According to persons familiar with the matter, the US Equal Employment Opportunity Commission launched an investigation against Facebook over racial bias in human resources management.

Sun, 07 Mar 2021 10:25:31 GMT

Deliveroo to offer customers $69M in shares

Ahead of listing on the London Stock Exchange, Deliveroo announced that it would issue to its customers shares worth $69M.

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