News

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Thu, 24 Sep 2020 14:20:28 GMT

WeWork to sell control of its China unit

On Thursday, the office-sharing group WeWork stated it would sell control of the Chinese arm to Trustbridge Partners, the private equity firm and investor, as WeWork aimed to step back from the competitive market.

Thu, 24 Sep 2020 13:48:42 GMT

BlackBerry Q2 revenue tops forecasts

On Thursday, BlackBerry reported its second-quarter revenue beat Wall Street expectations, surging nearly 6% on higher demand for Spark, its security software suite.

Thu, 24 Sep 2020 11:50:25 GMT

Wells Fargo ties up with Envestnet Yodlee

On Thursday, Wells Fargo has inked a data exchange contract with Envestnet Yodlee, the data aggregator, in a deal that will allow the bank's customers sharing their account information with other fintech apps linked to Envestnet Yodlee.

Thu, 24 Sep 2020 10:57:54 GMT

ChargePoint plans to go public

On Thursday, the electric car charging network ChargePoint announced its plans to go public through a merger with Switchback Energy Acquisition, taking the company's valuation to $2.4B.

Thu, 24 Sep 2020 10:02:29 GMT

ByteDance applies for China tech export licence

ByteDance is seeking the Chinese tech export licence, aiming to cancel the Oracle-Walmart deal with intention to prevent the US government from banning TikTok, its video-streaming app.

Thu, 24 Sep 2020 08:44:59 GMT

Iraqi Minister denies oil deal

On Thursday, the Oil Minister of Iraq Ihsan Abdul Jabbar stated that there is no agreement with OPEC+ to increase Iraq's oil exports.

Thu, 24 Sep 2020 07:58:18 GMT

China investors to buy BMW's JV partner Brilliance

China's state-backed investors are likely to take Brilliance, BMW's joint-venture partner in China, private, sending Brilliance's shares up 12.3% to HK$7.86 on the news.

Thu, 24 Sep 2020 07:36:46 GMT

Adyen's Schuijff to leave management board

On Thursday, the online payments company Adyen announced that its co-founder Arnout Schuijff was set to step down from its management board on January 1.

Thu, 24 Sep 2020 05:07:25 GMT

WeWork to sell control of China division

The US office-sharing company WeWork is set to sell control of the firm's China unit to one of its investors - Trustbridge Partner.

Thu, 24 Sep 2020 04:30:56 GMT

JPMorgan to pay $1B in spoofing penalty

JPMorgan Chase is set to pay about $1B to resolve market manipulation investigations by the US authorities into its metals futures and Treasury securities' trading.

Wed, 23 Sep 2020 20:47:22 GMT

United Wholesale plans to go public

United Wholesale Mortgage announced plans to go public by merging with SPAC Gores Holdings in a deal, which will value the wholesale lender at $16.1B.

Wed, 23 Sep 2020 19:43:15 GMT

US plans coronavirus vaccination

The head of the US Centre for Disease Control and Prevention Robert Redfield stated on Wednesday that US citizens would be vaccinated against the coronavirus by July.

Wed, 23 Sep 2020 18:42:48 GMT

Canada reveals new plan

On Wednesday, the Prime Minister of Canada Justin Trudeau revealed that his government would reveal a new economic revival plan.

Wed, 23 Sep 2020 18:30:33 GMT

US Dollar surges on Wednesday

During Wednesday's US trading hours, stock prices declined and the US Dollar surged in value, as an asset sell off occurred.

Wed, 23 Sep 2020 16:49:26 GMT

GSMA delays MWC to June-end 2021

GSMA has postponed the biggest annual gathering in the telecoms industry, the Mobile World Congress Barcelona, until the next year's late June due to the coronavirus pandemic.

Wed, 23 Sep 2020 16:02:57 GMT

EU regulators prolong Fitbit deal probe

Europen Union's antitrust regulators prolonged the inquiry into Fitbit, the Google-owned fitness tracker maker, to December 23, the EU Commission stated on Wednesday.

Wed, 23 Sep 2020 15:23:38 GMT

JPMorgan to transfer £184B of assets to Germany

JPMorgan Chase is eager to transfer about £184B of its assets to Germany from the UK due to Britain's withdrawal from the EU bloc, Reuters reported on Wednesday.

Wed, 23 Sep 2020 14:36:40 GMT

Geely rolls out first EV-focused architecture

On Wednesday, the Chinese group Zhejiang Geely Holding has launched the first electric car-focused platform aimed at enabling the automakers to roll out new models moe efficiently.

Wed, 23 Sep 2020 13:36:12 GMT

Alexander Klabin plans investment in Sotheby's

Alexander Klabin, the hedge fund manager, is set to make an investment in Sotheby's, the global art auction house, becoming its art financing business's executive chairman, the company announced on Wednesday.

Wed, 23 Sep 2020 12:35:51 GMT

China's Ant close to $35B IPO

China's Ant Group is nearing its initial public offering worth $35B by submitting documents for its Shanghai IPO portion's registration, according to Reuters.

Wed, 23 Sep 2020 11:32:33 GMT

Amazon rolls out climate-friendly programme

On Wednesday, Amazon.com has launched its new climate-friendly programme to assist customers to shop for sustainable products, on the back of the online retailer's commitment to becoming net carbon neutral.

Wed, 23 Sep 2020 10:29:15 GMT

VW's Traton ties up with TuSimple

Volkswagen's commercial truck unit Traton will partner with TuSimple, the self-driving technology start-up, over the autonomous truck development, both firms said on Wednesday.

Wed, 23 Sep 2020 09:15:13 GMT

Stocks recover

On Wednesday, global stock indices surged, as Tuesday's gains in tech stocks had started a buying spree.

Wed, 23 Sep 2020 08:24:23 GMT

Sony drops 2% on Wednesday

On Wednesday, shares of Sony Corp plunged 2% after Microsoft Corp announced its acquisition of ZeniMax Media, the games publisher Bethesda Softworks's parent, in a deal aimed to boost its games slate amid cloud gaming expansion.

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