News

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Wed, 03 Mar 2021 05:00:44 GMT

Asian shares edge higher

Asian shares soared on Wednesday, as MSCI's broadest index of Asia-Pacific shares outside Japan surged by 0.44%, Australian shares were up 0.62%, while Japan's Nikkei index rose by 0.03%.

Wed, 03 Mar 2021 04:03:54 GMT

Abercrombie & Fitch beats profit forecast

On Tuesday, Abercrombie & Fitch Co reported a better-than-expected first-quarter profit and said that it would resume share buybacks.

Wed, 03 Mar 2021 02:32:06 GMT

OPEC's President comments on oil market

On Tuesday, the Organization of the Petroleum Exporting Countries President Diamantino Azevedo said that crude oil prices are relatively stable.

Tue, 02 Mar 2021 20:44:59 GMT

Instacart doubles its valuation to $39B

Instacart's valuation increased to $39B in less than six months with a $265M fundraising round from current investors, as the grocery delivery firm benefited from online orders surge.

Tue, 02 Mar 2021 20:09:54 GMT

BaFin investigates EY after Wirecard scandal

The German financial regulator BaFin investigated EY's suitability as an auditor after the scandal with payment services company Wirecard, Handelsblatt newspaper reported.

Tue, 02 Mar 2021 18:54:17 GMT

Merck to partner with J&J to make COVID vaccine

The US President Joe Biden will announce on Tuesday that Merck & Co and Johnson & Johnson would partner to make J&J's single-shot coronavirus vaccine, a top White House official stated.

Tue, 02 Mar 2021 17:53:58 GMT

G20 major economies agree to raise IMF funding

The International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that G20 leaders have agreed to boost the funding for IMF.

Tue, 02 Mar 2021 17:17:52 GMT

Target seeks to speed up delivery

Target Corp is planning an investment worth $4B annually during the following several years with the intention to launch new store openings and reduce delivery times for its online orders.

Tue, 02 Mar 2021 16:25:06 GMT

OPEC sees general oil market forecast as positive

On Tuesday, OPEC's secretary general stated that the group was expecting the general oil market's forecast to be positive, with the last year's uncertainty seemed to ease.

Tue, 02 Mar 2021 15:33:45 GMT

Wix.com acquires SpeedETab

On Tuesday, Wix.com stated it had bought SpeedETab, the US payment and ordering technology provider, seeking to boost its restaurant platform.

Tue, 02 Mar 2021 14:30:57 GMT

Zoom shares soar on robust outlook

Zoom Video Communications is expecting the current-quarter revenue to top forecasts, seeing millions of people to keep using its video-conferencing service, sending the company's shares up 10%.

Tue, 02 Mar 2021 13:01:46 GMT

TeamViewer buys Upskill

On Tuesday, TeamViewer, Germany's remote connectivity software firm, stated it had acquired the US augmented reality software company Upskill, not disclosing financial details of the deal.

Tue, 02 Mar 2021 12:37:28 GMT

China's Nio reports wider-than-expected loss

China's Nio posted a bigger-than-anticipated loss, flagging a slowing electric vehicle deliveries pace in the ongoing quarter, sending the US firm's shares down 7%.

Tue, 02 Mar 2021 11:15:54 GMT

US Dollar reaches for high level

By the middle of Tuesday's European trading hours, the US Dollar Index was recovering, as it approached this year's February 4 high level.

Tue, 02 Mar 2021 10:12:34 GMT

Russia's Novak to join OPEC+ meeting

Russia's Deputy Prime Minister Alexander Novak will take part in the OPEC+ meeting scheduled for March 4, according to the Kremlin's statement made on Tuesday.

Tue, 02 Mar 2021 09:19:31 GMT

Ebay, Adevinta plan $9.2B tie-up

Norway's Adevinta and the US e-commerce group eBay are planning three smaller UK units sale to secure a regulatory approval for their $9.2B tie-up of the worldwide classified ads businesses.

Tue, 02 Mar 2021 07:44:25 GMT

Childless adults boost Disney+ demand

Walt Disney's CEO Bob Chapek stated that households without kids had surprisingly raised demand for its Disney+ streaming service, boosting subscriptions beyond initial projections.

Tue, 02 Mar 2021 07:19:43 GMT

Volvo plans to go fully electric by 2030

On Tuesday, Volvo said it will go all electric by 2030, joining other carmakers' plan to gradually abandon fossil-fuel engines by this decade's end.

Tue, 02 Mar 2021 06:30:50 GMT

Johnson & Johnson comments on vaccine

On Monday, Johnson & Johnson announced that it could soon ship huge volumes of vaccines due to the opening of a new plant.

Tue, 02 Mar 2021 04:53:54 GMT

Citi comments on Bitcoin

Citi bank announced on Monday that Bitcoin could soon become the preferred form of payment for international trade.

Tue, 02 Mar 2021 03:41:02 GMT

Oil CEOs expect rise in demand

On Monday, Reuters revealed that a group of oil company CEOs are expecting a pick up in global demand for oil.

Mon, 01 Mar 2021 21:40:24 GMT

Wall Street rallies on Monday

During Monday's US trading hours, stock indices surged, as the US approved new stimulus and a new fiscal year started in many developed countries.

Mon, 01 Mar 2021 21:13:29 GMT

Oil down 1% on Monday

Oil prices declined 1% on Monday amid fears about slowing China's consumption and OPEC's likely global supply increase. Brent crude fell 0.73$ or 1.1%, while US WTI lost 0.86$ or 1.4%.

Mon, 01 Mar 2021 19:51:50 GMT

CFO of Beyond Meat to retire

Beyond Meat Inc announced that its Chief Financial Officer Mark Nelson is set to retire in May, which was a voluntary decision and not a consequence of any disagreement related to the company.

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