News

Note: This section contains information in English only.
Wed, 24 Feb 2021 12:49:24 GMT

ReNew Power plans IPO via $8B SPAC deal

On Wednesday, Goldman Sachs-backed firm ReNew Power is planning a public listing via a merger deal with the SPAC RMG Acquisition Corporation II that would value India's biggest renewable energy company at $8B.

Wed, 24 Feb 2021 10:50:58 GMT

Generali launches investment plan

On Wednesday, the Italian insurer Generali stated that it would launch a 3.5 billion Euro investment plan that would boost the European economy.

Wed, 24 Feb 2021 10:08:17 GMT

Boyu Capital aims at $6B for new PE fund

Ant group's investor Boyu Capital is planning to raise a new private equity fund focused on China and targeting $6B, Reuters reported on Wednesday.

Wed, 24 Feb 2021 09:08:31 GMT

Lucid Motors to roll out Tesla Model 3 rival

Lucid Motors' CEO Peter Rawlinson announced that his luxury electric carmaker would launch a rival to Tesla's Model 3 vehicle in 2024-2025.

Wed, 24 Feb 2021 07:56:45 GMT

Hyundai to change battery systems in EV recall

Hyundai Motor is planning to replace its battery systems in as many as 82K electric vehicles around the world amid fire risks.

Wed, 24 Feb 2021 06:00:13 GMT

US bank earnings decline by 36.5% in 2020

According to the Federal Deposit Insurance Corporation, US bank earnings declined by 36.5% last year, a sharp drop from record 2019 profits.

Wed, 24 Feb 2021 05:04:40 GMT

Indonesia's Foreign Minister to visit Myanmar

According to a leaked document from the Ministry of Transportation, the Indonesian Foreign Minister Retno Marsudi plans to travel to Myanmar on Thursday.

Wed, 24 Feb 2021 04:03:36 GMT

Britain's FM comments on insurance reforms

On Tuesday, UK's Finance Minister John Glen said that the plans to change the Solvency II insurance capital rules are not part of the gratuitous deregulatory agenda.

Wed, 24 Feb 2021 02:32:47 GMT

Tether, Bitfinex owner to pay $18.5M fine

On Tuesday, the New York Attorney General Letitia James stated that the owners of Bitfinex trading and the Tether digital currency would pay an $18.5M fine to settle NYAC cryptocurrency cover-up charges.

Tue, 23 Feb 2021 20:47:47 GMT

Macy's forecasts sales growth

On Tuesday, Macy's Incorporated announced that it expects its sales to grow in 2021 due to the company's growing online business.

Tue, 23 Feb 2021 20:47:40 GMT

Oil prices rise

During Tuesday's US trading, crude oil prices continued to rise, as economic activity was expected to pick up and Texas supply remained limited.

Tue, 23 Feb 2021 18:43:51 GMT

Microstrategy comments on Bitcoin

On Tuesday, the CEO of Microstrategy stated that Bitcoin is most likely to overtake gold in market cap, as it would take over gold's role as a savings tool.

Tue, 23 Feb 2021 17:41:34 GMT

Powell comments on monetary policy

The Chairman of the Federal Reserve Jerome Powell stated on Tuesday that the US economic recovery is far from complete and the Fed would continue its stimulus policies.

Tue, 23 Feb 2021 16:45:26 GMT

Tech stocks experience sell off

During early Tuesday's US trading hours, major tech stocks experienced a sell off, which was attributed to the recent decline in Bitcoin price.

Tue, 23 Feb 2021 16:04:23 GMT

Bitcoin reaches $44,800.00 level

On Tuesday, the price of Bitcoin continued to decline, as by 16:00 GMT the price had reached the $44,800.00 level.

Tue, 23 Feb 2021 14:55:18 GMT

Tesla stock erases 2021 gains

At the start of Tuesday's US trading hours, the stock price of Tesla dropped 7.00%, as it reached the December 30 level.

Tue, 23 Feb 2021 14:36:32 GMT

Reuters Q4 revenue, earnings soar

On Tuesday, Thomson Reuters reported its Q4 revenue and adjusted earnings rose above estimates, adding it would begin a two-year programme to change the firm to an operating company from the holding company.

Tue, 23 Feb 2021 13:33:44 GMT

Macy's sees 2021 sales above estimates

On Tuesday, Macy's said it is expecting its 2021 sales to top Wall Street's forecasts, hoping for the vaccine rollouts, which would allow customers to come back to the department stores.

Tue, 23 Feb 2021 12:34:54 GMT

Bharti Airtel ties up with Qualcomm over 5G

On Tuesday, Bharti Airtel stated it would partner with the US chipmaker Qualcomm over the 5G services launch in India.

Tue, 23 Feb 2021 10:49:30 GMT

Facebook makes deal with Australia

On Tuesday, Facebook announced that the company would restore Australian pages, as it had made a deal with the Australian government.

Tue, 23 Feb 2021 10:05:37 GMT

Huawei sees full-year revenue growth

Huawei Technologies is expecting slight growth of its revenue and profit in 2020, meeting the company's expectations, despite US sanctions against China's telecom equipment maker.

Tue, 23 Feb 2021 09:19:19 GMT

Hyundai Motor rolls out Ioniq 5 EV

On Tuesday, South Korea's Hyundai Motor has launched the Ioniq 5 midsize electric crossover, its first electric vehicle, seeking the global demand for its green cars would jump by 2025.

Tue, 23 Feb 2021 08:35:24 GMT

Lucid Motors plans going public

Lucid Motors, the luxury electric carmaker, is planning to go public via a merger SPAC deal with Churchill Capital IV, taking the value of the combined firm to $24B.

Tue, 23 Feb 2021 06:13:38 GMT

US finalizes internet subsidy

The US government announced on Monday that it had finalized a $3.2 billion low-income internet subsidy law.

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