News

Sat, 12 Dec 2020 17:00:07 GMT

UK's Royal Navy to protect fishing waters

The UK Ministry of Defence announced that the Royal Navy would be prepared on January 1 to protect the British fishing waters in the case of no-deal Brexit.

Sat, 12 Dec 2020 11:20:58 GMT

Merkel discusses stricter covid measures

On Sunday, the German Chancellor Angela Merkel is expected to have a meeting with the heads of German stated over imposing stricter lockdown measures.

Sat, 12 Dec 2020 10:29:02 GMT

Fiat CEO to go to Ferrari

According to the Il Messaggero newspaper, Fiat CEO Mike Manley is considering taking a similar position at Ferrari.

Sat, 12 Dec 2020 09:17:50 GMT

Roblox postpones IPO

Roblox Corp, the US gaming platform, decided to postpone initial public offering (IPO) until 2021 to finish prcesses related to employee benefits.

Sat, 12 Dec 2020 08:35:52 GMT

UK to stop supporting oil projects

The British Prime Minister Boris Johnson stated on Friday that the UK government would cease its support to foreign gas and oil projects to prevent rapid climate change.

Sat, 12 Dec 2020 07:07:01 GMT

US producer price index expands in November

The US Labor Department announced on Friday that the producer price index for final demand edged higher by 0.1% in November.

Sat, 12 Dec 2020 06:02:09 GMT

GSK and Sanofi to delay coronavirus vaccine

Britain's GlaxoSmithKline and the French Sanofi announced on Friday that they would delay the launch of their coronavirus vaccine due to inadequate immune response showed in older people.

Sat, 12 Dec 2020 04:59:54 GMT

Petroecuador considers lawsuit against Vitol

According to sources with knowledge of the matter, Ecuador's state-run oil firm Petroecuador is considering legal action against Vitol.

Sat, 12 Dec 2020 03:56:04 GMT

Mexico plans to extend travel curbs with US

According to the Mexican Foreign Ministry, Mexico plans to extend travel restrictions on non-essential with the United States for another month.

Fri, 11 Dec 2020 22:01:06 GMT

US SEC sues Sequential Brands

Shares of Sequential Brands fell as much as 16.4% on Friday, after the US Securities and Exchange Commission sued the brand management firm, accusing the company of deceiving investors.

Fri, 11 Dec 2020 19:59:32 GMT

Asda pays parent Walmart $1.52B dividend

The British supermarket retailer Asda paid its parent company Walmart a $1.52 billion dividend in March, the company's annual report showed on Friday.

Fri, 11 Dec 2020 19:03:08 GMT

UK's Supreme Court allows suit against Mastercard

On Friday, the British Supreme Court has allowed a £14 billion class-action lawsuit against Mastercard to go ahead.

Fri, 11 Dec 2020 18:02:39 GMT

Wall Street's main indexes edge lower

On Friday, US stocks edged lower, as concerns over delayed fiscal stimulus agreement dented risk appetite.

Fri, 11 Dec 2020 17:03:43 GMT

US Dollar index edges higher

The dollar index, which measures the US Dollar against a basket of major currencies, edged higher on Friday, as doubts over stimulus deal dented market sentiment.

Fri, 11 Dec 2020 16:01:46 GMT

US producer prices barely rise last month

US producer prices increased modestly in November, backing views on inflation remaining benign due to a surge in new COVID-19 cases.

Fri, 11 Dec 2020 14:49:28 GMT

China's Pop Mart soars about 80% in HK debut

China's toymaker Pop Mart International surged nearly 80% in its Hong Kong debut on Friday, with the market capitalisation of $12.5B, Reuters reported.

Fri, 11 Dec 2020 14:27:17 GMT

ELMS to go public via SPAC deal

On Friday, Electric Last Mile Solutions has agreed for a public listing via a merger deal with the SPAC Forum Merger III, bringing the US electric commercial carmaker's valuation to $1.4B.

Fri, 11 Dec 2020 13:12:18 GMT

Lockheed Martin enters Japan's fighter jet project

Lockheed Martin is set to join the fighter plane programme curated by MHI (Mitsubishi Heavy Industries) to manufacture a new fighter jet for Japanese air force in the mid 2030s, according to The Nikkei report.

Fri, 11 Dec 2020 12:05:56 GMT

Sanofi, GSK postpone COVID-19 vaccine

GlaxoSmithKline and Sanofi announced they would delay the launch of the COVID-19 vaccine due to insufficient immune response showed in older people following clinical trials.

Fri, 11 Dec 2020 10:45:42 GMT

BoE Bailey comments on policy

On Friday, the Governor of the Bank of England Andrew Bailey stated that the central bank is limited in its tools that limit market volatility.

Fri, 11 Dec 2020 10:36:15 GMT

Rolls-Royce sees challenging 2020 outlook

Rolls-Royce, the UK engineering company, downgraded the 2020 cash outflow outlook and warned of the challenging forecast due to a sharp decline in air travel caused by the coronavirus pandemic.

Fri, 11 Dec 2020 09:17:54 GMT

Hyundai Motor to acquire SoftBank's robot maker

Hyundai Motor Group will acquire as much as 80% stake the SoftBank-owned Boston Dynamics robot maker in a deal worth about $736M-$828M, Reuters reported on Friday.

Fri, 11 Dec 2020 08:32:32 GMT

Zurich and Farmers make an acquisition

Farmers Exchanges and Zurich Insurance are set to acquire MetLife's property and casualty business in the US in a deal worth $3.94 billion.

Fri, 11 Dec 2020 07:36:59 GMT

Airbnb valued at more than $100B in IPO

Airbnb shares more than doubled during their US stock market debut that tool place on Thursday, bringing the company's valuation at over $100B in the largest US IPO of 2020.

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