News

Wed, 23 Dec 2020 22:00:05 GMT

SBB increases Entra offer to $4B

Swedish real estate company SBB raised its stock and cash bid for Norway's Entra to 34.6B Norwegian crowns or $4.0B, exceeding an offer by Castellum.

Wed, 23 Dec 2020 21:21:40 GMT

IBM to pay $24.25M to settle FCC probes

IBM agreed to pay $24.25M to resolve investigations by the Federal Communications Commission on subsidies awarded to connect libraries and schools to broadband.

Wed, 23 Dec 2020 19:42:54 GMT

China's Ant trims some Huabei users' credit limits

China's Ant Group has reduced borrowing limits for its Huabei young users, the company announced on Wednesday, following a suspension of the fintech titan's $37B IPO by the Chinese government last month.

Wed, 23 Dec 2020 18:55:08 GMT

Lufthansa agrees on cost savings

The German airline Lufthansa agreed to secure pilot jobs until the end of March 2022 and cut costs by $548M, according to the pilots union VC's statement made on Wednesday.

Wed, 23 Dec 2020 17:42:46 GMT

Daimler readies for trucks business listing

Daimler, the German luxury carmaker, is preparing for its truck business stock market listing, according to a Handelsblatt report.

Wed, 23 Dec 2020 16:53:17 GMT

Merck supplies US govt with COVID-19 shots

On Wednesday, Merck & Co stated it is set to supply around 60K-100K doses of its treatment against COVID-19 to the US government for nearly $356M.

Wed, 23 Dec 2020 16:11:57 GMT

Unilever to roll out Whopper in LatAm, China

On Wednesday, Unilever stated it was expanding its tie-up with Burger King, as it sought to launch Whopper in China, Latin America and the Caribbean.

Wed, 23 Dec 2020 15:15:30 GMT

EU, UK heads to hold Brexit call

The head of European Commission Ursula von der Leyen is expected to have another call with the UK Prime Minister Boris Johnson regarding the Brexit trade deal this week.

Wed, 23 Dec 2020 14:36:46 GMT

Pfizer to supply 100M more COVID-19 shots to US

Pfizer is planning to supply 100M more doses of the COVID-19 vaccine to the United States by July 2021, the US drugmaker stated on Wednesday.

Wed, 23 Dec 2020 13:09:27 GMT

Futures climb ahead of US jobless data

On Wednesday, US stock index futures increased slightly ahead of the weekly unemployment claims data as well as consumer spending data.

Wed, 23 Dec 2020 12:12:59 GMT

China's WeRide attracts $200M from Yutong

On Wednesday, China's autonomous vehicle company WeRide reported it raised $200M from the bus developer Yutong Group to build self-driving buses together.

Wed, 23 Dec 2020 11:08:17 GMT

Investors expect asset surge

On Wednesday, Reuters published a report, which indicated that most investors expect a weak USD in 2021 that would boost asset rallies.

Wed, 23 Dec 2020 09:46:51 GMT

Norway extends UK flight ban from by three days

Norway has prolonged its ban on British flights by three days or more amid rising concerns over the new coronavirus strain, according to the Norwegian health ministry statement made on Wednesday.

Wed, 23 Dec 2020 09:26:29 GMT

CD Projekt sells 13M Cyberpunk 2077 copies

CD Projekt SA, Poland's video game maker, reported it had sold more than 13M copies of the Cyberpunk 2077 game by December 20, taking into account some players were demanding refunds due to bugs.

Wed, 23 Dec 2020 07:40:09 GMT

LG Electronics to set up JV with Magna

On Wednesday, South Korea's LG Electronics announced it would set up a $1B worth joint venture with Magna International, the automotive supplier, to make electric car gear.

Wed, 23 Dec 2020 06:07:14 GMT

US home sales decline in November

On Tuesday, the National Association of Realtors announced that existing home sales in the United States fell by 2.5% to a seasonally adjusted annual rate of 6.69M units in November.

Wed, 23 Dec 2020 05:13:42 GMT

US consumer confidence falls in December

On Tuesday, the Conference Board announced that the US consumer confidence index declined to a reading of 88.6 in December.

Wed, 23 Dec 2020 04:08:17 GMT

Ripple to fight US SEC lawsuit

On Tuesday, the blockchain payment firm Ripple announced that it plans to fight the US Securities and Exchange Commission lawsuit.

Wed, 23 Dec 2020 02:46:24 GMT

US SEC, Italy's CONSOB sign MOU

On Tuesday, the US SEC and the Italian financial watchdog CONSOB signed a memorandum of understanding concerning consultation, cooperation and the exchange of information.

Tue, 22 Dec 2020 20:41:06 GMT

SMIC, Hikvision expelled from China indexes

On Tuesday, FTSE Russell, the global index publisher, announced it would drop Hangzhou Hikvision Digital Technology and Semiconductor Manufacturing International Corp from the FTSE China A50 index.

Tue, 22 Dec 2020 20:04:08 GMT

US start-up Ouster agrees to go public

The US maker of self-driving technology Ouster has agreed on Tuesday to go public via a merger deal with SPAC Colonnade Acquisition.

Tue, 22 Dec 2020 19:28:51 GMT

Facebook to boost security in 2021

On Tuesday, Facebook announced it would add more security features to the platform next year, that would include a physical security key as a new way for identity verification.

Tue, 22 Dec 2020 17:52:19 GMT

US SEC inks MoU with Italy's Consob

The US SEC has signed a MoU (memorandum of understanding) with CONSOB, the Italian market watchdog, for better cooperation in supervising fintech firms operating in both countries.

Tue, 22 Dec 2020 16:50:49 GMT

Brexit trade talks strained

Both, the European Union and Britain, seek to sign the Brexit trade deal before Christmas Eve; however, the talks are still strained, according to the Sun newspaper's report seen on Tuesday.

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