News

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Tue, 08 Jun 2021 10:00:08 GMT

Cevian buys 5% stake in UK's Aviva

Cevian Capital announced on Tuesday it had taken the 4.95% stake in the British insurer Aviva; the deal in which Aviva will be able to pay back £5.0B ($7.08B) of excess capital next year.

Tue, 08 Jun 2021 09:00:07 GMT

BAT boosts sales growth forecast

On Tuesday, British American Tobacco has lifted its full-year revenue growth outlook to over 5% at the constant currency as more smokers switch to newer less harmful products like tobacco-heating devices and e-cigarettes.

Tue, 08 Jun 2021 08:23:07 GMT

Apple seeks get BYD, CATL as battery suppliers

Apple has entered talks with China's BYD and CATL over the batteries supply for the tech giant's planned electric car, Reuters reported on Tuesday.

Tue, 08 Jun 2021 07:31:06 GMT

Nvidia seeks approval for $40B Arm deal

Nvidia Corp has asked Chinese competition watchdog to approve its $40B takeover of the British chip designer Arm, according to the Financial Times report seen on Tuesday.

Tue, 08 Jun 2021 06:00:07 GMT

Bosch launches German chip plant

On Monday, Robert Bosch opened its $1.2B chip plant located in Germany, marking the leading automotive supplier's biggest-ever investment, as it seeks equipping the latest self-driving and electric vehicles.

Tue, 08 Jun 2021 05:00:07 GMT

Tesla's Guillen leaves company

Tesla's heavy trucking unit's chief, Jerome Guillen, has quitted his post at the company, the electric automaker announced on Monday.

Tue, 08 Jun 2021 04:00:07 GMT

Fed to release annual results of bank stress test

The Federal Reserve revealed it is set to publish the 2021 stress test results of the US biggest banks on June 24.

Tue, 08 Jun 2021 03:00:07 GMT

Blackstone to buy QTS Realty Trust

The investment company Blackstone Group is planning to take QTS Realty Trust, the data centre operator, private in its all-cash deal worth around $10 billion.

Mon, 07 Jun 2021 22:55:36 GMT

SP 500 slides on G7 tax deal

On Monday, the S&P 500 fell but was holding just 0.5% away from the all-time high, tumbled by the G7 tax deal that overshadowed investor bets on full reopening of the economy.

Mon, 07 Jun 2021 20:00:08 GMT

Stocks near record highs

Global equity markets reached record peaks and oil prices increased to a two-year high.

Mon, 07 Jun 2021 19:00:06 GMT

US FDA approves Alzheimer's drug

US regulators approved Biogen's drug as a treatment to fight a likely cause of Alzheimer's disease.

Mon, 07 Jun 2021 18:10:52 GMT

Meme stocks surge

Shares of AMC and other "meme stocks" rose on Monday supported by private traders, drawing attention of regulators.

Mon, 07 Jun 2021 16:26:39 GMT

Airlines call on UK and US to lift restrictions

Airlines offering passenger services between the US and Britain called governments to ease restrictions and reopen travel routes between the countries.

Mon, 07 Jun 2021 15:32:44 GMT

China foreign trade rises

Total imports and exports from China increased 28.2% to $2.31T in the first five months of this year, the General Administration of Customs reports.

Mon, 07 Jun 2021 13:41:08 GMT

Trulioo attracts $394M, valued at $1.75B

On Monday, Canada's ID verification start-up Trulioo reported it had raised $394M in its new round of funding led by the TCV venture capital firm, gaining the valuation of $1.75 billion.

Mon, 07 Jun 2021 13:02:46 GMT

Flipkart seeks to attract $3.0B

Walmart's Flipkart has entered talks to raise $3 billion from Japan's SoftBank Group and other investors, according to a Bloomberg News report seen on Monday.

Mon, 07 Jun 2021 11:20:31 GMT

Amazon to add 3K new jobs in Italy

Amazon is planning to create 3K new permanent jobs in Italy this year as part of the "Italy Plan" deemed to boost its investments, the e-commerce company said on Monday.

Mon, 07 Jun 2021 11:00:10 GMT

HSBC Asia Pacific's CEO to retire

HSBC announced on Monday its Asia Pacific CEO Peter Wong would retire effective immediately and would be succeeded by Surendra Rosha and David Liao.

Mon, 07 Jun 2021 10:00:08 GMT

Toshiba to launch shares buyback

On Monday, Toshiba stated it would acquire back around 6% of its shares worth about $913M, adhering to its plans to bolster shareholder returns.

Mon, 07 Jun 2021 09:00:10 GMT

Carrefour, Tesco not to extend their alliance

Two supermarket groups, France's Carrefour and UK's Tesco announced on Monday they have no plans for their purchasing alliance extension.

Mon, 07 Jun 2021 07:56:16 GMT

Credit Agricole to launch share buyback

On Monday, France's Credit Agricole announced it is planning a launch of the $680M share buyback programme this year, seeking to offset the scrip dividend payment option's impact on its earnings per share.

Mon, 07 Jun 2021 07:30:23 GMT

Daimler's China arm seeks 45% rise in plants capacity

Daimler and BAIC Motor's China joint venture is planning to raise nominal capacity at two Mercedes-Benz plants in Beijing by 45%, according to the venture's website.

Mon, 07 Jun 2021 06:00:08 GMT

Tesla cancels Model S Plaid+ production

Tesla's CEO Elon Musk announced on Sunday that the electric carmaker had cancelled the production of its longest-range Model S Plaid+.

Mon, 07 Jun 2021 05:00:08 GMT

Turkey exports rise

Exports from Turkey increased by 65.5% in May, compared to the same period in 2020, the Turkish Exporters Assembly reports.

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