News

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Sun, 25 Apr 2021 04:00:06 GMT

Germany's prosecutors charge VW executives

Germany's prosecutors have indicted 15 managers from Volkswagen in the emissions scandal, the spokesperson for the prosecutor's office in the northern city of Braunschweig stated on Saturday.

Sun, 25 Apr 2021 03:00:06 GMT

UK's LP calls for probe into revamp of PM's flat

On Saturday, the UK Labour Party called for a thorough investigation into the funding of the renovation work on Prime Minister Boris Johnson's official residence.

Sun, 25 Apr 2021 02:00:06 GMT

Nubank prepares for US stock market listing

According to sources with knowledge of the matter, Brazil's digital bank Nubank is working with advisers about an initial public offering in the New York Stock Exchange.

Sat, 24 Apr 2021 20:00:06 GMT

Investors doubt tax impact

Reuters revealed on Friday, that despite a recent announcement of US capital gains taxes, most surveyed investors expect the markets to continue to surge.

Sat, 24 Apr 2021 19:00:06 GMT

Netflix co-CEO exercises stock options

On Saturday, it was revealed that in 2020 the co-Chief Executive Officer of Netflix Reed Hastings had realized $612.13 million from his stock options.

Sat, 24 Apr 2021 18:00:06 GMT

Prosecutors charge VW

German prosecutors announced on Saturday that they would charge additional 15 Volkswagen managers in regards to the company's emission scandal.

Sat, 24 Apr 2021 17:00:06 GMT

Germany's Greens Chancellor comments on politics

On Saturday, the German Green's Chancellor candidate Annalena Baerbock stated that a tougher stance should be taken on Russia and China.

Sat, 24 Apr 2021 16:00:09 GMT

Rolls-Royce plans ITP Aero sale

The UK engineering giant Rolls-Royce has entered constructive negotiations with Spain about the potential sale of ITP Aero, its Spanish unit, following a media report saying that Madrid could ban the deal.

Sat, 24 Apr 2021 14:41:30 GMT

AmEx shares drop on clouded profit beat

American Express reported its entertainment and travel-related card spending had halved in the Q1 due to the coronavirus restrictions, eclipsing its better-than-anticipated profit and sending its shares down 2%.

Sat, 24 Apr 2021 14:22:09 GMT

Aeromexico purchases Boeing jets

Grupo Aeromexico is set to acquire 28 of B737-9 and 737-8 MAX jets and four 787-9 Dreamliner planes from Boeing, in a deal deemed to bring an anticipated $2.0B in savings.

Sat, 24 Apr 2021 13:38:08 GMT

Porsche to build cell plant in Germany

Porsche AG stated on Saturday that it would build a cell plant for electric vehicles in Northern Germany.

Sat, 24 Apr 2021 12:37:31 GMT

Prosecutor charges VW's managers

On Saturday, German prosecutor has charged 15 Volkswagen managers over recent emissions scandal.

Sat, 24 Apr 2021 11:35:12 GMT

Brazil's Nubank prepares for listing

Brazilian online bank Nubank stated on Friday that it had started preparations for listing of the US stock exchange.

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.

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