News

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Thu, 31 Dec 2020 05:28:05 GMT

Acadia to sell Priory for $1.47B

Acadia Healthcare Co stated that it would sell the UK unit the Priory Group to private equity company Waterland for about $1.47B.

Thu, 31 Dec 2020 04:29:57 GMT

Tiffany approves LVMH takeover

The US jeweller Tiffany & Co's shareholders approved a $15.B deal with LVMH, finalising a dispute between retailers that stretched for more than a year.

Wed, 30 Dec 2020 21:43:10 GMT

Ticketmaster fined for invading rival systems

Ticketmaster is expected to pay a $10M criminal fine to avoid prosecution on the US charges it regularly accessed rival's computer systems.

Wed, 30 Dec 2020 21:31:20 GMT

Amazon to buy Wondery

Amazon.com Inc announced that it would acquire Wondery, the podcast startup in a bid to increase non-musical content on the Amazon Music application.

Wed, 30 Dec 2020 20:02:53 GMT

IMF: long ascent towards recovery ahead

Economies face "long ascent" towards recovery from the covid pandemic, the Managing Director of the International Monetary Fund Kristalina Georgieva says.

Wed, 30 Dec 2020 18:56:15 GMT

German GDP to decline 5.4% in 2020

The German economy is expected to contract 5.4% in 2020 amid the coronavirus pandemic, data published by leading German economic research institutes show.

Wed, 30 Dec 2020 18:00:38 GMT

Polish economy to contract 4.25% in 2020

The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.

Wed, 30 Dec 2020 17:14:32 GMT

Germany to raise $190B in debt in 2021

Germany plans to raise $190B in new debt the next year to offset the economic impact of the pandemic, the German Finance Minister Olaf Scholz says.

Wed, 30 Dec 2020 15:50:29 GMT

Finland improves growth forecast

The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.

Wed, 30 Dec 2020 14:41:35 GMT

Alibaba stock continues recovery

In the aftermath of plunging 17% on December 24, the stock price of Alibaba had recovered most of losses by Wednesday. The stock started the day's trading with a 2.89% jump.

Wed, 30 Dec 2020 13:55:08 GMT

World stocks trade near records

As the coronavirus vaccination was ongoing globally and additional US stimulus was expected to be approved, stock prices surged on Wednesday.

Wed, 30 Dec 2020 13:04:54 GMT

Crude oil prices increase

On Wednesday, crude oil prices grew due to a decline in the US Dollar's value, which had returned to the 2020 low level.

Wed, 30 Dec 2020 12:04:07 GMT

European stocks surge

During Wednesday's European trading hours, stock indices surged, as US fiscal aid and vaccination caused global buying.

Wed, 30 Dec 2020 11:20:29 GMT

Bitcoin reaches record price

On Wednesday, the price for Bitcoin reached the $28,600.00 mark, as the currency had almost increased four times in value during 2020.

Wed, 30 Dec 2020 10:04:04 GMT

Asian shares hit record level

On Wednesday, Asian shares hit record highs, as investors and traders bet on economic recovery in 2021.

Wed, 30 Dec 2020 09:01:30 GMT

Crude oil prices edge higher

On Wednesday, crude oil prices edged higher. Brent crude futures rose by 0.40% to $51.28 per barrel at 02:55 GMT, while the US WTI crude surge by 0.60% to $48.29.

Wed, 30 Dec 2020 08:01:56 GMT

US Dollar declines

On Wednesday, the dollar index, which measures the US Dollar against a basket of major currencies, declined to multi-year lows.

Wed, 30 Dec 2020 07:01:30 GMT

FTSE Russell may delete more Chinese firms

FTSE Russell could delete more Chinese firms from its global benchmarks, the company said in a statement.

Wed, 30 Dec 2020 05:57:53 GMT

Hayward says UK need tighter COVID-19 measures

On Tuesday, Andrew Hayward, a top epidemiologist, warned that the UK government needs to impose tougher COVID-19 lockdown measures.

Wed, 30 Dec 2020 04:57:17 GMT

UK, Vietnam sign free trade agreement

On Tuesday, the Vietnamese Trade Ministry announced that the United Kingdom and Vietnam have signed a free trade deal.

Wed, 30 Dec 2020 04:00:43 GMT

AA resumes 737 MAX passenger flights in US

On Tuesday, American Airlines resumed Boeing's 737 MAX commercial flights in the United States after a 20-month ban was lifted by the US Federal Aviation Administration last month.

Wed, 30 Dec 2020 02:49:57 GMT

EU 27 members approve Brexit trade agreement

On Tuesday, Germany's Foreign Minister Heiko stated that the 27 members of the European Union have approved the Brexit trade agreement.

Tue, 29 Dec 2020 21:13:05 GMT

Fiat Chrysler to invest $203.99M in Poland

The Italian-American car manufacturer Fiat Chrysler plans to invest $203.99 in its plant in Poland, where new Jeep, Fiat and Alfa Romeo models will be manufactured, the Deputy Prime Minister Jaroslaw Gowin says.

Tue, 29 Dec 2020 20:00:28 GMT

S. Korea exports rise

Exports from South Korea increased for a third consecutive month in November despite the ongoing COVID-19 pandemic, data published by the Bank of Korea show.

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