News

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Thu, 17 Jun 2021 03:00:09 GMT

Blackstone to buy SOHO China in $3B deal

Blackstone Group is set to buy all shares in SOHO China for around $3.05B and maintain the company's stock market listing, the Chinese office developer stated.

Wed, 16 Jun 2021 21:57:21 GMT

Alphabet's Waymo gets $2.5B in new funding

Alphabet Inc's self-driving division Waymo stated it raised $2.5B in the new funding round this year, following a string of concerns about the technology struggling to scale up.

Wed, 16 Jun 2021 20:00:08 GMT

Stocks decline on Wednesday

During Wednesday's US trading hours, stock prices declined due to the announcement of the US Federal Reserve that it could hike rates in 2023.

Wed, 16 Jun 2021 19:19:12 GMT

Fed signals rate hikes

On Wednesday, the US Federal Reserve announced that it could initiate rate hikes in 2023, as inflation rises.

Wed, 16 Jun 2021 18:00:08 GMT

Vodafone, AWS announce partnership

Vodafone and Amazon Web Services have signed a partnership to roll out the "edge computing" services deemed for Vodagone's business customers in Britain.

Wed, 16 Jun 2021 17:00:06 GMT

Japan exports skyrockets in May

Japan's exports surged 49.6% at the fastest pace in 41 years last month, helping the third-biggest economy in the world offset weak domestic demand due to growing activity in its key markets, boosted by COVID-19 vaccinations.

Wed, 16 Jun 2021 16:00:08 GMT

Toyota's shares hit record high

On Wednesday, Toyota Motor's shares reached their record-high level, with the company's president thanking shareholders at the carmaker's annual general meeting.

Wed, 16 Jun 2021 15:00:07 GMT

China's industrial output drops in May

China's factory output is continuing to decline for the third month in succession, with the 8.8% reading in May, likely tumbled by disruptions related to the COVID-19 pandemic.

Wed, 16 Jun 2021 14:07:48 GMT

ECB plans pandemic relief extension

The European Central bank will extend the pandemic relief for banks by nine months with the intention to keep credit flowing, according to a Bloomberg report published on Wednesday.

Wed, 16 Jun 2021 12:57:46 GMT

Hyundai seeks to trim exposure to shortage

Hyundai Motor Group has entered talks with South Korea's local chip firms, asking for help to cut the reliance on international supplies due to the global chip shortage.

Wed, 16 Jun 2021 12:37:48 GMT

Nvidia's Arm deal could be halted

Nvidia Corp may be unable to meet the deadline set for March 2022 for closing the $40B acquisition of Arm, the UK chip technology company, amid EU regulators' unwillingness to consider the deal before the summer holidays.

Wed, 16 Jun 2021 11:34:03 GMT

Krafton aims at $5B in IPO

South Korea's game maker Krafton reported on Wednesday that it targets up to $5 billion in IPO, seeking to reach the top of its range, signalling a potential record for the Asian country.

Wed, 16 Jun 2021 09:15:01 GMT

Thai Airways CEO steps down

On Wednesday, Thai Airways International announced the resignation of its acting CEO Chansin Treenuchagron after the company's restructuring plan had been approved.

Wed, 16 Jun 2021 09:01:45 GMT

Stocks hold near highs

During Wednesday's European trading hours, global stock indices held near record high levels, as the markets expected late Wednesday's Federal Reserve Meeting Minutes.

Wed, 16 Jun 2021 08:30:38 GMT

EBay plans S. Korean unit sale

EBay is planning a sale of its South Korean unit for $36B to Naver and Shinsegae's E-Mart, according to reports seen on Wednesday.

Wed, 16 Jun 2021 07:00:07 GMT

Blackstone close to $3B deal for Soho China

Blackstone Group is close to ink a deal to acquire Soho China, the office developer, in what could become its largest real estate investment into the Asian country, according to Bloomberg News.

Wed, 16 Jun 2021 06:18:36 GMT

GM to bolster spending on EVs by 30%

General Motors is set to boost its global spending on self-driving and electric vehicles by 30% to $35B through 2025, according to Reuters.

Wed, 16 Jun 2021 05:00:06 GMT

US retail sales edge lower

As reported by the US Commerce Department on Tuesday, US retail sales edged lower by 1.3% in May.

Wed, 16 Jun 2021 04:00:07 GMT

US, EU strike Boeing-Airbus deal

On Tuesday, the European Union and the United States agreed on a long-term truce in the 17-year old feud over Boeing-Airbus subsidies.

Wed, 16 Jun 2021 03:00:07 GMT

Global equities near record highs

On Tuesday, global equities lingered near record highs, as the US Federal Reserve kicks off a two-day policy meeting.

Wed, 16 Jun 2021 02:00:06 GMT

Australia, UK agree free trade deal

The United Kingdom has signed a free trade agreement with Australia, the UK government announced Tuesday.

Tue, 15 Jun 2021 20:00:08 GMT

AMC bearish traders lost $512M

According to data from analytics company Ortex, investors and traders shorting AMC Entertainment shares lost around $512M on Monday.

Tue, 15 Jun 2021 19:00:06 GMT

US stocks edge lower

On Tuesday, Wall Street's main indexes edged higher. At 9:46 a.m. ET, the Dow Jones Industrial Average was down by 6.35 points or 0.22%, while the S&P 500 edged lower by 2.51 points or 0.06%.

Tue, 15 Jun 2021 18:00:07 GMT

Vodafone picks Samsung for 5G supply

Samsung Electronics will enter the European telecoms gear market with the 5G network equipment supply to Britain's Vodafone.

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