News

Note: This section contains information in English only.
Mon, 14 Dec 2020 17:52:57 GMT

Burger King India soars in IPO

On Monday, Burger King India shares skyrocketed about 88% in its initial public offering, after the company raised nearly $110M, signalling the upbeat sentiment for the Indian food service sector.

Mon, 14 Dec 2020 16:49:46 GMT

Enel, Leonardo to tie up over energy efficiency

The Italian defence company Leonardo and the energy group Enel have agreed on Monday on strategic cooperation on electric mobility, security, energy efficiency, as well as satellite communications.

Mon, 14 Dec 2020 15:45:50 GMT

Adidas explores strategic options for Reebok

On Monday, Adidas, the German sportswear maker, stated it is considering strategic alternatives for the US brand Reebok, including its potential sale, adding the decision will be revealed on March 10.

Mon, 14 Dec 2020 15:23:04 GMT

Google' services restored after global outage

Google's YouTube, Google Drive, Gmail and other services were recovered for the majority of its users on Monday after the tech giant was hit with a global outage, affecting thousands.

Mon, 14 Dec 2020 13:52:11 GMT

Phillips 66 downgrades 2021 spending budget

On Monday, Phillips 66, the US oil refiner, set its next year's capital budget at $1.7B, about 43% lower than estimated for the prior year, after the coronavirus pandemic hit the energy industry.

Mon, 14 Dec 2020 13:33:41 GMT

AstraZeneca shares drop on Alexion deal

On Monday, AstraZeneca's shares dropped 9% on the $39B worth deal for Alexion Pharmaceuticals, the US biotech company, marking the largest ever corporate acquisition of the British drugmaker.

Mon, 14 Dec 2020 12:04:15 GMT

EU's Barnier sees UK trade deal possible

Michel Barnier, the EU Brexit negotiator, stated on Monday that a new trade deal with Britain was possible to seal amid the two sides trying to break their deadlocks over the pact.

Mon, 14 Dec 2020 11:09:49 GMT

ECB Board Member comments on policy

On Monday, the European Central Bank Board Member Fabio Panetta stated that the central bank could provide more stimulus.

Mon, 14 Dec 2020 09:42:47 GMT

India's Ola plans investment in e-scooter plant

The SoftBank-backed Indian ride-hailing company Ola announced its plans on Monday to invest $326M in a factory based in the country to make electric scooters.

Mon, 14 Dec 2020 09:22:41 GMT

EA Games to take over UK's Codemasters

On Monday, Electronic Arts, the computer games giant, announced it would acquire Codemasters for $1.2B, trumping the earlier agreement between UK's company and competitor Take-Two Interactive Software.

Mon, 14 Dec 2020 07:54:53 GMT

Roblox to postpone listing until 2021

Roblox Corp, the US gaming platform, delayed its plans for an initial public offering until 2021 as the company seeks to boost the process to benefit investors and employees, according to Reuters.

Mon, 14 Dec 2020 07:36:13 GMT

Reddit to acquire TikTok rival Dubsmash

Reddit, the social network company, announced on Sunday it was set to acquire the short-video platform Dubsmash, in its push for expansion in a space led by the Chinese-owned TikTok.

Mon, 14 Dec 2020 06:02:50 GMT

British Pound gains on Monday

On Monday, the Pound Sterling edged higher against the US Dollar and Euro, after the UK and EU agreed to continue Brexit trade talks beyond Sunday's deadline.

Mon, 14 Dec 2020 05:00:52 GMT

China's new home prices grow by 0.1%

According to data from the Chinese National Bureau of Statistics, China's new home prices rose by 0.1% in November, the slowest pace since March 2020.

Mon, 14 Dec 2020 04:02:55 GMT

Barnier to brief EU's ambassadors on Monday

The EU chief negotiator Michel Barnier will brief the European Union Ambassadors Monday about the nature of Brexit negotiations, Sebastian Fischer, an EU spokesman for Germany said on Twitter.

Mon, 14 Dec 2020 02:33:09 GMT

MSP Sports Capital takes stake in McLaren F1

On Sunday, the US-based MSP Sports Capital announced that it has acquired a 15% stake in McLaren F1.

Sun, 13 Dec 2020 21:20:18 GMT

McLaren is confident in Automotive

The McLaren Group Chairman Paul Walsh stated on Sunday that the company showed 60% revenue growth in the last quarter, which was a sign of good perspectives for coming year.

Sun, 13 Dec 2020 20:34:50 GMT

Rolls-Royce looks for new chairman

According to the Sky News report, the UK Rolls-Royce Holdings Plc started a search of a new chairman that should succeed Ian Davis in two years.

Sun, 13 Dec 2020 18:01:55 GMT

Johnson comments Brexit

On Sunday, the UK Prime Minister Boris Johnson announced that the European Union and the United Kingdom are far apart on a post-Brexit trade deal.

Sun, 13 Dec 2020 18:01:38 GMT

Brazil unveils coronavirus vaccination plan

On Saturday, the Brazilian Health Ministry said that 70% of the population need to be vaccinated to stop the spread of coronavirus.

Sun, 13 Dec 2020 17:05:00 GMT

UK, EU extend Brexit trade talks

The EU Commission President Ursula von der Leyen said on Sunday that the European Union and the United Kingdom have agreed to continue Brexit trade talks beyond Sunday deadline.

Sun, 13 Dec 2020 16:06:04 GMT

India industrial production rises

Industrial production in India expanded 3.6% in October, compared to the same period the previous year, the Ministry of Statistics and Programme Implementation reports.

Sun, 13 Dec 2020 15:09:39 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Sanyou Corporation, Nantong Jiangtian Corporation and Jiangsu Bojun Industrial Technology Corporation.

Sun, 13 Dec 2020 13:47:05 GMT

China postal industry expands

The Chinese postal industry expanded 14.4% in the first 11 months of 2020, compared to the same period the prior year, the State Post Bureau reports.

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