News

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Thu, 17 Jun 2021 16:00:09 GMT

JPMorgan acquires Nutmeg

JPMorgan Chase has acquired Nutmeg, the UK digital wealth manager, as part of its expansion into the British investment market and retail banking.

Thu, 17 Jun 2021 15:00:07 GMT

Google Cloud, AMD to tie up

Advanced Micro Devices and Google Cloud are set to tie up over cloud computing services, which will be based on AMD's newly-developed data centre chips, companies announced on Thursday.

Thu, 17 Jun 2021 14:00:09 GMT

Dish Network picks Dell for 5G infrastructure

Dish Network seeks Dell Technologies to supply 5G network's key parts in the United States, the firms stated on Thursday.

Thu, 17 Jun 2021 13:00:09 GMT

ByteDance's gross profit surges 93%

ByteDance's gross profit skyrocketed 93% to $19B in 2020, while the TikTok owner's net loss for the last year totalled $45B, according to the Wall Street Journal report published on Thursday.

Thu, 17 Jun 2021 12:00:07 GMT

Ericsson wins contracts for 5G supply

On Thursday, Ericsson said it had won Vodafone contracts to supply its 5G core equipment in Britain and 5G core network in Germany.

Thu, 17 Jun 2021 11:00:08 GMT

Mazda to roll out 13 EVs by 2025

On Thursday, Japan's Mazda Motor announced it would launch 13 new electrified car models by 2025, including plug-in hybrids and hybrids, as the carmaker seeks to make all its vehicles electric by 2030.

Thu, 17 Jun 2021 09:49:57 GMT

Dollar extends surge

During Thursday's trading hours, the value of the US Dollar continued to surge due to the Federal Reserve hinting at upcoming rate hikes.

Thu, 17 Jun 2021 09:00:07 GMT

Apollo robotaxi service plans user growth

On Thursday, China's tech giant Baidu announced that Apollo, its smart driving division, aims to offer its robotaxi service to 3M users in China in 2023 by increasing its fleet to 3K units.

Thu, 17 Jun 2021 08:10:10 GMT

Microsoft appoints new chairman

Microsoft appointed its CEO Satya Nadella as the company's new chairman, replacing John Thompson, Reuters reported.

Thu, 17 Jun 2021 07:00:07 GMT

China launches antitrust probe into Didi

The Chinese market regulator launched an antitrust investigation into Didi Chuxing, in the time the ride-hailing firm is planning potentially the largest IPO in the US this year.

Thu, 17 Jun 2021 06:27:06 GMT

ByteDance posts surge in 2020 revenue

TikTok owner ByteDance reported its total 2020 revenue soared to $34.3B, while net loss for the same period widened to $45B, the company's memo showed.

Thu, 17 Jun 2021 05:00:08 GMT

Polestar to make electric SUVs at Volvo plant

Polestar, the premium EV maker owned by China's Geely and Volvo Cars, is set to build electric SUVs at Volvo's plant in the US starting in the second half of 2022.

Thu, 17 Jun 2021 04:00:07 GMT

EnCap, Quantum bid for EP Energy

Oil and gas producer EP Energy received a takeover bid from private equity companies including Quantum Energy Partners and EnCap Investments, sources said.

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.

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