News

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Wed, 14 Apr 2021 15:32:37 GMT

Goldman Sachs profit surges

Revenue of Goldman Sachs surged in the first quarter of 2021, beating analysts' expectations, data published by the US investment banking giant show.

Wed, 14 Apr 2021 14:25:08 GMT

SpaceX attracts $1.16B in equity financing

Elon Musk's SpaceX raised nearly $1.16B in equity financing, according to the amended regulatory filing published by the rocket launch service on Wednesday.

Wed, 14 Apr 2021 13:30:58 GMT

Goldman profit beats estimates

On Wednesday, Goldman Sachs Group topped Wall Street's forecasts for its Q1 profit, as the American investment lender capitalised on the global dealmaking activity's record levels and the pandemic-driven surge in stock market trading.

Wed, 14 Apr 2021 12:26:51 GMT

Ford to put self-driving tech in some vehicles

On Wednesday, Ford Motor stated it would offer its self-driving technology in some car and truck models as well as Mustang models already this year.

Wed, 14 Apr 2021 11:10:06 GMT

Ryanair to take 737 MAX delivery soon

Ryanair is planning to take the Boeing 737 MAX jet delivery after two years of suspension due to the aircraft grounding caused by two fatal crashes.

Wed, 14 Apr 2021 09:16:22 GMT

Norwegian Air to raise extra cash

Norwegian Air is planning to raise up to $711M in fresh capital to boost its resources before the company exits from the bankruptcy protection in May as the coronavirus pandemic keep halting travel.

Wed, 14 Apr 2021 08:36:07 GMT

LVMH shares reach their record-high level

On Wednesday, LVMH's shares surged to their record-high level after reporting strong sales figures, which showed the world's largest luxury goods company had recovered far more rapidly than estimated in early 2021.

Wed, 14 Apr 2021 05:00:11 GMT

Grab Holdings to go public

On Tuesday, Singapore-based ride-hailing service Grab Holdings announced plans to go public in the United States through a merger deal with Altimeter Growth Corp.

Wed, 14 Apr 2021 04:00:08 GMT

Norway to unwind some coronavirus restrictions

Norway will begin to ease some COVID-19 restrictions, the Norwegian Prime Minister Erna Solberg announced on Tuesday.

Wed, 14 Apr 2021 03:00:07 GMT

BoE's Chief Economist Haldane to resign

Andy Haldane, Bank of England's Chief Economist, will quit his position this year, the BoE announced on Tuesday.

Wed, 14 Apr 2021 01:17:51 GMT

PBOC appoints Bo as Deputy Governor

On Tuesday, Li Bo, a US-educated economist, was appointed as the Deputy Governor of the People's Bank of China.

Tue, 13 Apr 2021 20:00:07 GMT

Egyptian court orders $900M compensation from Ever Given

An Egyptian court ordered $900M compensation from an owner of the massive vessel Ever Given for the blockage of the Suez Canal.

Tue, 13 Apr 2021 19:00:06 GMT

China foreign trade rises 29.2% in Q1

China's foreign trade surged 29.2% to $1.29 trillion in the first quarter of 2021, compared to the same period in 2020, the General Administration of Customs reports.

Tue, 13 Apr 2021 18:00:08 GMT

Blockchain company ConsenSys raises $65M

Blockchain technology company ConsenSys raised $65M from major banks and other fintech companies including J.P. Morgan, Mastercard and UBS.

Tue, 13 Apr 2021 17:00:06 GMT

Epic Games raises $1B

Epic Games raised $1B in its latest round of funding that values the company at $28.7B, data published by the company show.

Tue, 13 Apr 2021 16:00:07 GMT

US consumer prices rise

US consumer prices increased by the most in more than 8 years in March as massive fiscal stimulus unleashed demand, the Labor Department reports.

Tue, 13 Apr 2021 15:00:40 GMT

India seeks imports of COVID-19 vaccines

India seeks imports of Pfizer, Johnson & Johnson, and Moderna COVID-19 vaccines after a big surge in cases in the country this month.

Tue, 13 Apr 2021 13:43:18 GMT

Renault to prolong partial plant halt

France's carmaker Renault has begun negotiations with its unions about extending the partial suspension of its three Spanish plants until September-end as a preventive measure in case the global semiconductor shortage continues.

Tue, 13 Apr 2021 13:08:10 GMT

American Airlines sees Q1 revenue to drop

On Tuesday, American Airlines stated it was expecting its Q1 revenue to drop nearly 62% compared with the 2019's same period, and to report a loss of around $2.7B-$2.8B, excluding its gains from the payroll support programme.

Tue, 13 Apr 2021 11:53:03 GMT

Nornickel to increase nickel products output

On Tuesday, Nornickel, Russia's metals producer, announced its plans to boost nickel products output at its Finnish plant, looking at the expanding market for EV batteries.

Tue, 13 Apr 2021 11:11:31 GMT

VW agrees on wage deal with IG Metall

Europe's biggest automaker Volkswagen has agreed with the most powerful union in Germany, IG Metall, on a wage deal for 120K staff, with salaries rising by 2.3% starting from January 2022.

Tue, 13 Apr 2021 10:34:58 GMT

European shares pause surge

During Tuesday's European trading hours, European stock indices paused their surge near record high levels.

Tue, 13 Apr 2021 08:56:46 GMT

US senator seeks banning Big Tech from M&As

The US Senator Josh Hawley has introduced a legislation that would ban companies, including the Big Tech, from any merger and acquisition deals with the market value more than $100B.

Tue, 13 Apr 2021 07:42:55 GMT

Credit Suisse unveils board nomination

Credit Suisse Group announced on Tuesday it had nominated Christian Gellerstad, the wealth management expert, for election to Swiss entity's board of directors at the annual general meeting that would take place on April 30.

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