News

Tue, 15 Dec 2020 12:18:52 GMT

Vitol to acquire four CCGTs

The energy trader Vitol is set to acquire four CCGTs, combined cycle gas turbines, in the UK, as part of its deal with Drax Smart Generation, the company stated.

Tue, 15 Dec 2020 11:23:38 GMT

European stocks trade flat

During Tuesday's European trading hours, European stock indices trade flat, as rising virus cases were balanced by increased anti-covid measures.

Tue, 15 Dec 2020 10:00:41 GMT

Reig Jofre to develop J&J's COVID-19 vaccine in Spain

On Tuesday, Reig Jofre, the Spanish pharmaceutical company, stated it had signed a deal with Johnson & Johnson to develop its experimental COVID-19 vaccine at Reig's plant in Barcelona.

Tue, 15 Dec 2020 09:36:46 GMT

Apple to raise Phone output by 30% in H1 2021

Apple announced it was planning to produce up to 96M iPhone units in the next year's first half, marking a nearly 30% year-over-year increase, according to Nikkei report seen on Tuesday.

Tue, 15 Dec 2020 05:40:28 GMT

VW board comments on CEO

On Monday, the board of Volkswagen stated that the CEO of the company Herber Diess had received its full support.

Tue, 15 Dec 2020 05:30:50 GMT

Adidas explores options

Adidas AG announced on Monday that it would consider strategic options, among which was the sale of Reebok.

Tue, 15 Dec 2020 04:31:01 GMT

Stocks trade flat

On Monday, global stock indices remained steady, as a spike in infections was offset by the start of US vaccination.

Mon, 14 Dec 2020 21:41:16 GMT

Oil prices remain steady

During Monday's US trading hours, crude oil prices remained steady, as new supply balanced hopes of a coronavirus recovery.

Mon, 14 Dec 2020 20:56:37 GMT

RWE sells offshore wind farms for $600M

Europe's third-biggest renewables company RWE agreed to sell its stake in onshore wind farms in Texas valued at $600M to Algonquin Power & Utilities.

Mon, 14 Dec 2020 19:45:43 GMT

CD Projekt to update strategy in Q1

Poland's video games maker CD Projekt is set to update the strategy in the Q1 of 2021, despite the issues it faces with Cyberpunk 2077.

Mon, 14 Dec 2020 19:29:05 GMT

Huntington Bancshares buys TCF for $6B

Huntington Bancshares agreed to buy TCF Financial Corp for $6B in stock in the latest tie-up among the US regional lenders aiming to scale up their business.

Mon, 14 Dec 2020 17:52:57 GMT

Burger King India soars in IPO

On Monday, Burger King India shares skyrocketed about 88% in its initial public offering, after the company raised nearly $110M, signalling the upbeat sentiment for the Indian food service sector.

Mon, 14 Dec 2020 16:49:46 GMT

Enel, Leonardo to tie up over energy efficiency

The Italian defence company Leonardo and the energy group Enel have agreed on Monday on strategic cooperation on electric mobility, security, energy efficiency, as well as satellite communications.

Mon, 14 Dec 2020 15:45:50 GMT

Adidas explores strategic options for Reebok

On Monday, Adidas, the German sportswear maker, stated it is considering strategic alternatives for the US brand Reebok, including its potential sale, adding the decision will be revealed on March 10.

Mon, 14 Dec 2020 15:23:04 GMT

Google' services restored after global outage

Google's YouTube, Google Drive, Gmail and other services were recovered for the majority of its users on Monday after the tech giant was hit with a global outage, affecting thousands.

Mon, 14 Dec 2020 13:52:11 GMT

Phillips 66 downgrades 2021 spending budget

On Monday, Phillips 66, the US oil refiner, set its next year's capital budget at $1.7B, about 43% lower than estimated for the prior year, after the coronavirus pandemic hit the energy industry.

Mon, 14 Dec 2020 13:33:41 GMT

AstraZeneca shares drop on Alexion deal

On Monday, AstraZeneca's shares dropped 9% on the $39B worth deal for Alexion Pharmaceuticals, the US biotech company, marking the largest ever corporate acquisition of the British drugmaker.

Mon, 14 Dec 2020 12:04:15 GMT

EU's Barnier sees UK trade deal possible

Michel Barnier, the EU Brexit negotiator, stated on Monday that a new trade deal with Britain was possible to seal amid the two sides trying to break their deadlocks over the pact.

Mon, 14 Dec 2020 11:09:49 GMT

ECB Board Member comments on policy

On Monday, the European Central Bank Board Member Fabio Panetta stated that the central bank could provide more stimulus.

Mon, 14 Dec 2020 09:42:47 GMT

India's Ola plans investment in e-scooter plant

The SoftBank-backed Indian ride-hailing company Ola announced its plans on Monday to invest $326M in a factory based in the country to make electric scooters.

Mon, 14 Dec 2020 09:22:41 GMT

EA Games to take over UK's Codemasters

On Monday, Electronic Arts, the computer games giant, announced it would acquire Codemasters for $1.2B, trumping the earlier agreement between UK's company and competitor Take-Two Interactive Software.

Mon, 14 Dec 2020 07:54:53 GMT

Roblox to postpone listing until 2021

Roblox Corp, the US gaming platform, delayed its plans for an initial public offering until 2021 as the company seeks to boost the process to benefit investors and employees, according to Reuters.

Mon, 14 Dec 2020 07:36:13 GMT

Reddit to acquire TikTok rival Dubsmash

Reddit, the social network company, announced on Sunday it was set to acquire the short-video platform Dubsmash, in its push for expansion in a space led by the Chinese-owned TikTok.

Mon, 14 Dec 2020 06:02:50 GMT

British Pound gains on Monday

On Monday, the Pound Sterling edged higher against the US Dollar and Euro, after the UK and EU agreed to continue Brexit trade talks beyond Sunday's deadline.

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