News

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Thu, 21 Jan 2021 11:37:27 GMT

UK's IG to acquire tastytrade for $1B

Britain's IG announced on Thursday it was planning to acquire tastytrade, the US trading platform, in a $1.0B deal.

Thu, 21 Jan 2021 10:11:44 GMT

Nuveen sells out of blacklisted China firms

TIAA's asset management unit worth $1.1 trillion, Nuveen, exited Chinese companies that had been affected by the US investment ban, including such companies as Xiaomi Corp and China Telecom.

Thu, 21 Jan 2021 09:11:48 GMT

US to re-join global climate accord

The US President Joe Biden announced the United States would return to the global Paris Agreement to battle climate change amid a review of the ex-President Donald Trump's actions.

Thu, 21 Jan 2021 08:19:50 GMT

P&G raises annual sales forecast again

Procter & Gamble boosted its full-year sales estimates for the second time, benefiting from higher demand for the company's cleaning products, driven by the coronavirus pandemic.

Thu, 21 Jan 2021 06:49:22 GMT

China considers severe antitrust rules

The central bank of China is planning tougher antitrust rules for the non-bank payments industry's companies, such as Tencent's WeChat Pay and Ant Group's Alipay.

Thu, 21 Jan 2021 05:45:51 GMT

Mercedes reveals electric compact SUV

Mercedes-Benz has revealed its new electric compact sports utility vehicle, the EQA, as the German carmaker seeks to take on its competitor Tesla, as well as meet emission-free targets in China and Europe.

Thu, 21 Jan 2021 05:08:10 GMT

United Airlines plans more annual cost cuts

United Airlines Holdings reported it is planning to trim about $2B of its annual costs by 2023 following the pandemic-driven fourth consecutive quarterly loss.

Thu, 21 Jan 2021 03:52:55 GMT

Morgan Stanley boosts operating targets

Morgan Stanley boosted its long and short-term operating targets, as the coronavirus-caused volatility in the financial markets resulted in the bank's quarterly profit to be above estimates.

Thu, 21 Jan 2021 00:33:49 GMT

Kinder Morgan tops quarterly forecasts

Kinder Morgan, the pipeline operator, topped Wall Street's outlook for quarterly results, reporting its revenue surged to $3.12B, above the forecast of $3.05B.

Wed, 20 Jan 2021 20:43:19 GMT

IAG acquires Air Europa for €500M

British Airways and Iberia owner IAG agreed to purchase Spain's Air Europa for €500M, after the price was cut in half in the pandemic.

Wed, 20 Jan 2021 20:16:50 GMT

HSBC to cut up to 340 jobs in UK

HSBC is set to cut up to 340 manager positions within a shake-up of the UK branch network, a source familiar with the situation told Reuters.

Wed, 20 Jan 2021 19:12:31 GMT

Amazon sues EU regulators

Amazon sued the EU antitrust regulators for letting Italy's competition watchdog continue its own investigation against the US online retailer over the way it chooses sellers.

Wed, 20 Jan 2021 18:19:15 GMT

Mercedes reveals electric SUV to outdo Tesla

Daimler's Mercedes-Benz revealed the EQA, the new electric SUV, within a strategy to take on Tesla and offer more emission-free cars and meet targets in China and Europe.

Wed, 20 Jan 2021 16:49:46 GMT

Netflix stock surges 13%

Shares of Netflix, the world's biggest streaming service, soared as much as 13% in the premarket trading on Wednesday on the company's statement it no longer needs borrowing of billions of dollars in order to finance its content.

Wed, 20 Jan 2021 16:33:38 GMT

Wall Street's indexes close to hit record high

On Wednesday, Wall Street main indexes were about to open close to their record highs, as Joe Biden was ready to take the office as a new US President, Reuters reported.

Wed, 20 Jan 2021 14:57:07 GMT

Biden puts pressure on oil industry

On Wednesday, it was revealed that the US President Joe Biden would impose curbs on US oil industry.

Wed, 20 Jan 2021 13:53:58 GMT

Bahrain raises capital

The government of Bahrain revealed on Wednesday that it would raise $2 billion in a government bond sale.

Wed, 20 Jan 2021 12:43:50 GMT

Oil prices reach above $56

On Wednesday, crude oil price benchmarks reached above the $56 level, as the new US administration was expected to reduce supply and increase demand.

Wed, 20 Jan 2021 11:41:40 GMT

European stocks surge

During Wednesday's European trading hours, stock indices surged, as a surge was attributed to a rise in luxury stock prices.

Wed, 20 Jan 2021 11:00:58 GMT

Jack Ma makes public appearance

On Wednesday, the Founder of Alibaba Group Jack Ma had his first public appearance since October.

Wed, 20 Jan 2021 09:58:11 GMT

Ford must recall 3M cars

The US auto safety regulator called on Ford Motor to recall 3M vehicles over potentially faulty Takata air bags, rejecting the carmaker's bid to avoid the recall.

Wed, 20 Jan 2021 09:01:28 GMT

Elliott Management to close its HK office

Elliott Management is shuttering the 20-strong office based in Hong Kong, as the US hedge fund moved responsibility for the Asia investment decisions to Tokyo and London.

Wed, 20 Jan 2021 08:37:15 GMT

Alibaba-backed firm Best considers sale

Best Inc, the Chinese logistics company backed by Alibaba Group, is exploring a sale amid a strategic review, Reuters reported on Wednesday.

Wed, 20 Jan 2021 06:00:22 GMT

Rivian raises $2.65 billion

The California-based electric vehicle startup Rivian announced on Tuesday a $2.65B investment, led by funds and accounts recommended by T. Rowe Price Associates Inc.

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