News

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Sun, 21 Feb 2021 00:39:47 GMT

Bitcoin hits new record high

On Saturday, Bitcoin hit a new record-high level of $57,553, taking the world's most popular cryptocurrency's weekly gain to about 20%.

Sat, 20 Feb 2021 21:26:09 GMT

Texas storm to affect insurers dramatically

A.M. Best, the US credit rating agency, stated on Friday that Texas winter storm is likely to create record quarter losses for insuring companies.

Sat, 20 Feb 2021 20:04:39 GMT

Biden, Trudeau to meet next week

The US President Joe Biden and Canadian Prime Minister Justin Trudeau would hold a first official virtual meeting next Tuesday.

Sat, 20 Feb 2021 19:15:45 GMT

VW Mexico suspends Jetta output

Volkswagen Mexico is planning to suspend the Jetta model production until Tuesday amid the ongoing natural gas shortage.

Sat, 20 Feb 2021 17:50:28 GMT

Valentino faces $207M sue for shutting store

Valentino faced $207.1M sue by its ex-American flagship's landlord located on Manhattan for illegally breaking its lease, leaving the boutique in disrepair.

Sat, 20 Feb 2021 16:46:35 GMT

Silicon Labs considers analog chip arm's sale

Silicon Laboratories is exploring a possible breakup and considering to sell its analog chip division, according to a Bloomberg News report.

Sat, 20 Feb 2021 16:35:22 GMT

Foxconn sees little impact from chip shortage

On Saturday, Foxconn's chairman stated that he forecast no major impact on the company and clients from the chip shortage, which hit the global semiconductor and automotive industries.

Sat, 20 Feb 2021 15:33:51 GMT

US FAA tracks Boeing 737 MAX jets

The US Federal Aviation Administration is tracking all Boeing's 737 MAX aircraft via satellite data under the agreement with Aireon LLC, the air traffic surveillance company.

Sat, 20 Feb 2021 13:19:02 GMT

Bolsonaro to replace Petrobras CEO

The Brazilian President Jair Bolsonaro decided on Friday to replace the head of Petrobras to a former Defense Minister, Joaquim Silva e Luna.

Sat, 20 Feb 2021 12:31:37 GMT

FTSE Russell to add 11 stocks

FTSE Russell stated on Friday that it would add 11 stocks from Chinese STAR Market to its benchmarks.

Sat, 20 Feb 2021 11:34:47 GMT

Foxconn expects little effect from chip shortage

Foxconn's Chairman Liu Young-way stated on Saturday that chips shortage would have limited impact on its partners and customers.

Sat, 20 Feb 2021 10:33:40 GMT

Airbus calls for trade war ceasefire

Guillaume Faury, the Airbus Chief Executive Officer, called on Saturday to stop a war with the United States over aircraft subsidies.

Sat, 20 Feb 2021 08:49:33 GMT

Citigroup to divest some foreign consumer arms

Citigroup is considering over divestiture of some foreign consumer units, according to a report published by Bloomberg Law on Friday.

Sat, 20 Feb 2021 08:19:03 GMT

VW Mexico to halt Jetta output

Volkswagen in Mexico will suspend its Jetta model production through Tuesday included amid natural gas ongoing shortage, the company's unit said earlier this week.

Sat, 20 Feb 2021 06:46:36 GMT

WH to work with TWTR, FB to tackle fake news

A senior White House official said on Friday that the Biden administration has been working with Twitter, Alphabet Inc's Google and Facebook to tackle COVID-19 misinformation.

Sat, 20 Feb 2021 05:56:02 GMT

Bitcoin tops $1 trillion market capitalization

On Friday, Bitcoin cryptocurrency hit a $1 trillion market capitalization, as the world's most popular digital currency surged to an all-time high above $54,000.

Sat, 20 Feb 2021 04:52:21 GMT

Crude oil prices edge lower

Crude oil prices edged lower for a second consecutive trading session on Friday, as Texas energy firms prepared to resume oil and gas fields.

Sat, 20 Feb 2021 03:44:53 GMT

Yellen comments on Biden's infrastructure plans

The US Treasury Secretary Janet Yellen stated that tax increases would be required to pay for part of President Joe Biden's infrastructure, education investment and climate plans.

Sat, 20 Feb 2021 03:31:11 GMT

US SEC suspends trading in three securities

On Friday, the US Securities and Exchange Commission suspended trading of Affinity Beverage Group Inc, Sylios Corp and Marathon Group Corp until March 4.

Fri, 19 Feb 2021 21:27:08 GMT

EU looks for alliance with US

Ursula von der Leyen, the EU Chief Executive, stated that Europe and the US should agree on new rules for the digital market and join forces to fight climate change.

Fri, 19 Feb 2021 20:24:09 GMT

Valentino sued for Manhattan boutique closure

Valentino was sued for $207.1M by the landlord of its former boutique on Manhattan's Fifth Avenue, which said that the enterprise had no right to break the lease.

Fri, 19 Feb 2021 19:27:54 GMT

Canada retail sales drop 3.4% in December

Canada's retail sales declined 3.4% in December to C$53.38B, the biggest monthly fall since April, as coronavirus restrictions forced businesses to shut down.

Fri, 19 Feb 2021 18:13:12 GMT

Leonardo to raise nearly €2.1B in US listing

Italy's defence company Leonardo is set to raise about €2.1B from the NYSE listing of its US unit DRS, a source said.

Fri, 19 Feb 2021 16:41:07 GMT

US factory activity declines in February

The US factory activity slowed in February, as a global chip shortage affected production at automobile factories, while prices of manufactured goods and inputs increased.

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