News

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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.

Fri, 23 Apr 2021 04:00:08 GMT

Intel's PC chip sales soars

Intel Corp has raised the annual sales forecast on surging demand for PCs, while reporting its Q2 profit outlook missed analyst expectations on manufacturing costs.

Fri, 23 Apr 2021 03:00:06 GMT

Snap tops estimates for user growth

Snap reported it had added more users than Wall Street forecast, while also beating its revenue estimates, driven by higher demand after improving the app's Android version.

Fri, 23 Apr 2021 00:16:52 GMT

Silicon Labs plans automotive business sale

Silicon Laboratories is planning a sale of its automotive and infrastructure business unit to Skyworks Solutions in an all-cash deal worth $2.75B, sending its shares up 12.4% to $162.6.

Thu, 22 Apr 2021 20:00:06 GMT

LinkedIn-backed Confluent files for IPO

Confluent, the event streaming platform backed by LinkedIn, confidentially filed for the US initial public offering.

Thu, 22 Apr 2021 18:50:28 GMT

TSMC approves $2.8B for capacity increase

TSMC's board approved $2.89B in spending to expand capacity in response to a global chip shortage, which affected car manufacturers in particular.

Thu, 22 Apr 2021 18:29:22 GMT

Amazon's SmartRent to go public in SPAC deal

Amazon-backed startup SmartRent.com agreed to go public through a SPAC deal backed by venture capital company Fifth Wall, valuing the equity of the combined firm at around $2.2B.

Thu, 22 Apr 2021 17:00:06 GMT

Bosch sees stronger sales, profit in 2021

Bosch, the world's biggest car parts producer, announced its expectations for a 6% sales rise and 3% higher operating margin in 2021, though warned about the impact of semiconductor shortage.

Thu, 22 Apr 2021 15:10:15 GMT

Nestle, Amazon join plan to save forests

The US, Norway and the UK joined forces with corporations including Nestle and Amazon to launch a project targeted at protecting the world's tropical forests.

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