News

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Wed, 16 Jun 2021 11:34:03 GMT

Krafton aims at $5B in IPO

South Korea's game maker Krafton reported on Wednesday that it targets up to $5 billion in IPO, seeking to reach the top of its range, signalling a potential record for the Asian country.

Wed, 16 Jun 2021 09:15:01 GMT

Thai Airways CEO steps down

On Wednesday, Thai Airways International announced the resignation of its acting CEO Chansin Treenuchagron after the company's restructuring plan had been approved.

Wed, 16 Jun 2021 09:01:45 GMT

Stocks hold near highs

During Wednesday's European trading hours, global stock indices held near record high levels, as the markets expected late Wednesday's Federal Reserve Meeting Minutes.

Wed, 16 Jun 2021 08:30:38 GMT

EBay plans S. Korean unit sale

EBay is planning a sale of its South Korean unit for $36B to Naver and Shinsegae's E-Mart, according to reports seen on Wednesday.

Wed, 16 Jun 2021 07:00:07 GMT

Blackstone close to $3B deal for Soho China

Blackstone Group is close to ink a deal to acquire Soho China, the office developer, in what could become its largest real estate investment into the Asian country, according to Bloomberg News.

Wed, 16 Jun 2021 06:18:36 GMT

GM to bolster spending on EVs by 30%

General Motors is set to boost its global spending on self-driving and electric vehicles by 30% to $35B through 2025, according to Reuters.

Wed, 16 Jun 2021 05:00:06 GMT

US retail sales edge lower

As reported by the US Commerce Department on Tuesday, US retail sales edged lower by 1.3% in May.

Wed, 16 Jun 2021 04:00:07 GMT

US, EU strike Boeing-Airbus deal

On Tuesday, the European Union and the United States agreed on a long-term truce in the 17-year old feud over Boeing-Airbus subsidies.

Wed, 16 Jun 2021 03:00:07 GMT

Global equities near record highs

On Tuesday, global equities lingered near record highs, as the US Federal Reserve kicks off a two-day policy meeting.

Wed, 16 Jun 2021 02:00:06 GMT

Australia, UK agree free trade deal

The United Kingdom has signed a free trade agreement with Australia, the UK government announced Tuesday.

Tue, 15 Jun 2021 20:00:08 GMT

AMC bearish traders lost $512M

According to data from analytics company Ortex, investors and traders shorting AMC Entertainment shares lost around $512M on Monday.

Tue, 15 Jun 2021 19:00:06 GMT

US stocks edge lower

On Tuesday, Wall Street's main indexes edged higher. At 9:46 a.m. ET, the Dow Jones Industrial Average was down by 6.35 points or 0.22%, while the S&P 500 edged lower by 2.51 points or 0.06%.

Tue, 15 Jun 2021 18:00:07 GMT

Vodafone picks Samsung for 5G supply

Samsung Electronics will enter the European telecoms gear market with the 5G network equipment supply to Britain's Vodafone.

Tue, 15 Jun 2021 17:00:09 GMT

Geely's Zeekr sells out of deliveries in 2021

Geely's premium electric car brand Zeekr has sold out of its deliverable cars this year, the carmaker's CEO An Conghui stated on Tuesday.

Tue, 15 Jun 2021 16:00:09 GMT

Ford launches new SUVs shipping

On Tuesday, Ford Motor has begun producing and shipping its new Bronco SUVs from the carmaker's assembly plant based in Michigan, following a rollout delay amid the COVID-19-related issues.

Tue, 15 Jun 2021 15:00:06 GMT

UK, Australia sign free trade deal

On Tuesday, Australia and Britain have announced a free trade deal that will eliminate red tape and tariffs, signalling "a new dawn" in relations between the two countries.

Tue, 15 Jun 2021 14:00:06 GMT

Boohoo quarterly sales soar 32%

Boohoo, the UK online fashion retailer, posted a 32% surge in its quarterly sales, benefiting from growing demand amid easing lockdown restrictions.

Tue, 15 Jun 2021 13:00:06 GMT

H&M's quarterly sales soar

Quarterly sales at the world's second-largest fashion retailer H&M surged from the previous year after easing the pandemic restrictions, although its revenue remained below the company's 2019 levels.

Tue, 15 Jun 2021 12:00:10 GMT

Emirates gets $3.1B from Dubai govt

On Tuesday, the state-owned Emirates airline reported it had received £3.1B from the Dubai government as support to get through the COVID-19 crisis after the carrier's holding company tumbled to the first full-year loss in more than three decades.

Tue, 15 Jun 2021 11:00:05 GMT

India to speed up Amazon, Flipkart probe

Indian antitrust regulator seeks to accelerate the resumed probe into anti-competitive behaviour allegations of Amazon.com and Flipkart de to intensifying scrutiny of tech giants.

Tue, 15 Jun 2021 09:32:21 GMT

Asian stocks trade flat

During Tuesday's Asian trading session, stock indices in Asia remained almost flat, as various stocks showed mixed results.

Tue, 15 Jun 2021 09:24:07 GMT

UK views record surge in employee numbers

The employee number on the UK firm payrolls skyrocketed to their record high in May, following the coronavirus restrictions easing as well as resumed indoor service at restaurants and pubs.

Tue, 15 Jun 2021 08:33:28 GMT

Asian stock mixed, US dollar strong on Tuesday

On Tuesday, Asian shares were mixed, while the US dollar was holding near its multi-week high levels ahead of the Federal Reserve policy meeting, an event much awaited by investors who are looking for hints of potential changes in the US monetary policy forecast.

Tue, 15 Jun 2021 06:56:45 GMT

Hyundai, GM set to build flying car

General Motors and Hyundai Motor are eager to develop flying vehicles, expressing their optimism over launching an air-taxi service as early as 2025.

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