News

Note: This section contains information in English only.
Fri, 25 Sep 2020 03:22:15 GMT

AMC Entertainment plans 15M shares sale

On Thursday, AMC Entertainment Holdings announced it would sell up to 15M of its shares, seeking to attract fresh funding after the company was hit by the coronavirus pandemic, sending its shares down over 4%.

Thu, 24 Sep 2020 20:49:32 GMT

Volvo Cars sees flat demand in H2 2020

Sweden's Volvo Cars is expecting its year-over-year sales to be flat in the current year's second half, in line with expectations despite the growing number of the COVID-19 cases across Europe.

Thu, 24 Sep 2020 19:48:15 GMT

ShareChat raises $40M from investors

India's content-sharing platform ShareChat raised $40M from investors, such as Lightspeed Ventures and Twitter, seeking to increase usage of its short-video app.

Thu, 24 Sep 2020 18:46:07 GMT

Spotify, Chernin to adapt podcasts for TV

Spotify Technology signed the deal with Chernin Entertainment to adapt the streaming firm's podcast shows for television and films and sell them to other outlets.

Thu, 24 Sep 2020 17:53:54 GMT

Harley-Davidson quits Indian market

Harley-Davidson stated that it would discontinue manufacturing operations and sales in India, abandoning the world's largest motorcycle market.

Thu, 24 Sep 2020 16:56:37 GMT

Samsung deals with Verizon on indoor 5G gear

Samsung Electronics signed up Verizon as the first customer in the US for the company's 5G products to enlarge indoor coverage.

Thu, 24 Sep 2020 15:55:10 GMT

Nasdaq Composite opens higher

The Nasdaq Composite was up by 0.59% to 10,647.94 in early trading on Thursday, as investors and traders returned to tech-related shares.

Thu, 24 Sep 2020 15:00:16 GMT

Crude oil prices remain stable

Crude oil prices remained stable on Thursday, Brent crude futures were up by 0.2%, to $41.87 a barrel at 11:00 GMT, while the US WTI crude rose by 0.2%, to $40.01 per barrel.

Thu, 24 Sep 2020 14:20:28 GMT

WeWork to sell control of its China unit

On Thursday, the office-sharing group WeWork stated it would sell control of the Chinese arm to Trustbridge Partners, the private equity firm and investor, as WeWork aimed to step back from the competitive market.

Thu, 24 Sep 2020 13:48:42 GMT

BlackBerry Q2 revenue tops forecasts

On Thursday, BlackBerry reported its second-quarter revenue beat Wall Street expectations, surging nearly 6% on higher demand for Spark, its security software suite.

Thu, 24 Sep 2020 11:50:25 GMT

Wells Fargo ties up with Envestnet Yodlee

On Thursday, Wells Fargo has inked a data exchange contract with Envestnet Yodlee, the data aggregator, in a deal that will allow the bank's customers sharing their account information with other fintech apps linked to Envestnet Yodlee.

Thu, 24 Sep 2020 10:57:54 GMT

ChargePoint plans to go public

On Thursday, the electric car charging network ChargePoint announced its plans to go public through a merger with Switchback Energy Acquisition, taking the company's valuation to $2.4B.

Thu, 24 Sep 2020 10:02:29 GMT

ByteDance applies for China tech export licence

ByteDance is seeking the Chinese tech export licence, aiming to cancel the Oracle-Walmart deal with intention to prevent the US government from banning TikTok, its video-streaming app.

Thu, 24 Sep 2020 08:44:59 GMT

Iraqi Minister denies oil deal

On Thursday, the Oil Minister of Iraq Ihsan Abdul Jabbar stated that there is no agreement with OPEC+ to increase Iraq's oil exports.

Thu, 24 Sep 2020 07:58:18 GMT

China investors to buy BMW's JV partner Brilliance

China's state-backed investors are likely to take Brilliance, BMW's joint-venture partner in China, private, sending Brilliance's shares up 12.3% to HK$7.86 on the news.

Thu, 24 Sep 2020 07:36:46 GMT

Adyen's Schuijff to leave management board

On Thursday, the online payments company Adyen announced that its co-founder Arnout Schuijff was set to step down from its management board on January 1.

Thu, 24 Sep 2020 05:07:25 GMT

WeWork to sell control of China division

The US office-sharing company WeWork is set to sell control of the firm's China unit to one of its investors - Trustbridge Partner.

Thu, 24 Sep 2020 04:30:56 GMT

JPMorgan to pay $1B in spoofing penalty

JPMorgan Chase is set to pay about $1B to resolve market manipulation investigations by the US authorities into its metals futures and Treasury securities' trading.

Wed, 23 Sep 2020 20:47:22 GMT

United Wholesale plans to go public

United Wholesale Mortgage announced plans to go public by merging with SPAC Gores Holdings in a deal, which will value the wholesale lender at $16.1B.

Wed, 23 Sep 2020 19:43:15 GMT

US plans coronavirus vaccination

The head of the US Centre for Disease Control and Prevention Robert Redfield stated on Wednesday that US citizens would be vaccinated against the coronavirus by July.

Wed, 23 Sep 2020 18:42:48 GMT

Canada reveals new plan

On Wednesday, the Prime Minister of Canada Justin Trudeau revealed that his government would reveal a new economic revival plan.

Wed, 23 Sep 2020 18:30:33 GMT

US Dollar surges on Wednesday

During Wednesday's US trading hours, stock prices declined and the US Dollar surged in value, as an asset sell off occurred.

Wed, 23 Sep 2020 16:49:26 GMT

GSMA delays MWC to June-end 2021

GSMA has postponed the biggest annual gathering in the telecoms industry, the Mobile World Congress Barcelona, until the next year's late June due to the coronavirus pandemic.

Wed, 23 Sep 2020 16:02:57 GMT

EU regulators prolong Fitbit deal probe

Europen Union's antitrust regulators prolonged the inquiry into Fitbit, the Google-owned fitness tracker maker, to December 23, the EU Commission stated on Wednesday.

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