News

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Sat, 24 Apr 2021 10:36:01 GMT

Apple to help with vaccinations

Apple Inc stated on late Friday that it would initiate a program intended to help its employees to get a vaccine at their work places.

Sat, 24 Apr 2021 09:20:49 GMT

Prices of crypto drop

On Friday, prices of the most popular cryptocurrencies in the world tumbled amid Joe Biden's plan to increase taxes on capital gains.

Sat, 24 Apr 2021 08:32:39 GMT

South Korea buys vaccines

On Saturday, it was revealed by the government of South Korea that it would buy additional 40 million Pfizer vaccines.

Sat, 24 Apr 2021 07:00:09 GMT

AmEx exceeds quarterly profit estimates

On Friday, American Express announced that its quarterly profit beat expectations as it released over $1B worth of funds from its loan-loss reserves.

Sat, 24 Apr 2021 06:00:06 GMT

Baidu's Jidu to invest $7.7B in smart cars

Jidu Auto, the EV venture between the Chinese tech giant Baidu and China's automaker Geely, plans to invest $7.7B into making smart cars during the next five years, Jidu's CEO stated on Friday.

Sat, 24 Apr 2021 05:00:08 GMT

Panasonic to acquire Blue Yonder

On Friday, Panasonic Corp announced that it would acquire the US supply-chain software firm Blue Yonder for $7.1 billion.

Sat, 24 Apr 2021 04:00:06 GMT

Honeywell raises profit outlook

On Friday, Honeywell International increased its full-year outlook for 2021 sales and profit, as it reported better-than-expected Q1 profits.

Sat, 24 Apr 2021 03:00:11 GMT

Daimler increases profit forecast

On Friday, Mercedes-Benz car producer Daimler AG increased its forecast for 2021, as the company's sales rose by 60% in China in the first quarter.

Sat, 24 Apr 2021 02:00:08 GMT

Global equities remain stable

Global equities remained stable on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.65%, Wall Street's main indexes fell nearly by 1%, while the European stocks dipped 0.2%.

Fri, 23 Apr 2021 20:00:07 GMT

Citigroup commercial bank names new head

Citigroup has named Tasnim Ghiawadwala as its Commercial Bank's new head on Friday, an internal memo showed.

Fri, 23 Apr 2021 18:00:07 GMT

Panasonic to acquire Blue Yonder for $7.1B

On Friday, Panasonic Corp reported it would acquire Blue Yonder, the US supply-chain software firm, in its largest acquisition deal in a decade worth $7.1B.

Fri, 23 Apr 2021 17:00:08 GMT

Honeywell lifts full-year forecast

Honeywell International has raised on Friday its full-year profit and sales outlook on the better-than-anticipated quarterly profit results, driven by strong demand for the firm's warehouse automation equipment.

Fri, 23 Apr 2021 16:00:10 GMT

United Airlines to add more flights

On Friday, United Airlines announced it will add over 480 flights to the US schedule starting June, as it aims to meet the expected travel demand during summer as more people get COVID-19 vaccines.

Fri, 23 Apr 2021 15:54:10 GMT

ByteDance has no plans for IPO

On Friday, China's ByteDance stated it had no immediate plans to launch an IPO, following its recent appointment of the ex-Xiaomi executive official Shou Zi Chew as the company's new chief financial officer.

Fri, 23 Apr 2021 14:54:59 GMT

S&P 500, Nasdaq indexes open higher

On Friday, the Nasdaq and the S&P 500 indexes opened higher, while the Dow has been weighed by the shares drop of Honeywell and American Express, according to Reuters.

Fri, 23 Apr 2021 13:33:27 GMT

SpaceX launches astronauts to space station

On Friday, the rocket company SpaceX has launched four astronauts on the NASA mission to the International Space Station, Reuters reported.

Fri, 23 Apr 2021 11:51:33 GMT

Baidu's Jidu Auto plans new investment

China's Baidu and Geely electric car joint venture Jidu Auto is planning further investment of $7.7B into manufacturing smart vehicles during the following five years, its CEO said on Friday.

Fri, 23 Apr 2021 11:24:02 GMT

AmEx exceeds profit expectations

American Express reported on Friday its quarterly profit beat forecasts on releasing over $1.0B worth of funds, which the company had set aside for potential COVID-19 loan losses.

Fri, 23 Apr 2021 10:00:06 GMT

Bitcoin declines on Friday

During Friday's trading hours, the price for Bitcoin declined, as US President Joe Biden revealed that cryptocurrencies could be taxed.

Fri, 23 Apr 2021 09:34:01 GMT

Honda seeks switching to EVs by 2040

Honda Motor aims to raise its ratio of fuel cell vehicles and electric vehicles to 100% by 2040, the carmaker's CEO Toshihiro Mibe announced on Friday.

Fri, 23 Apr 2021 08:00:08 GMT

SmartRent plans going public via SPAC deal

SmartRent.com, the home technology start-up backed by Amazon, announced it would go public via a $2.2B merger deal with a Fifth Wall-backed SPAC.

Fri, 23 Apr 2021 07:00:07 GMT

Facebook tests Instagram Reels ads

Facebook is eager to start testing ads in Instagram Reels in Australia, Germany, Brazil and India amid the social media company's intention to cash in on its short video feature.

Fri, 23 Apr 2021 06:00:07 GMT

Confluent plans IPO in US

The LinkedIn-backed real-time event streaming service Confluent has confidentially filed for the US initial public offering, seeking to capitalise from the on-going capital markets' boom.

Fri, 23 Apr 2021 05:00:08 GMT

Bosch expects growth this year

The world's biggest auto parts supplier Bosch stated it was expecting its profit and sales to grow in 2021, but warned about a semiconductor chip shortage that had affected global vehicle production.

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