News

Note: This section contains information in English only.
Tue, 09 Mar 2021 07:52:48 GMT

Ripple to terminate partnership with MoneyGram

Ripple, the blockchain payment company, is set to end its partnership with MoneyGram International, the money transfer services firm, both companies announced on Monday.

Tue, 09 Mar 2021 07:37:33 GMT

China's EV trio plan HK listings in 2021

Chinese electric vehicle makers Xpeng Inc, Nio Inc and Li Auto Inc are planning their listings in Hong Kong this year.

Tue, 09 Mar 2021 06:30:34 GMT

Unites States subsidize USPS

On Monday, a group of US Senate Democrats introduced a new law that would award the United States Postal Service with a $6 billion subsidy.

Tue, 09 Mar 2021 05:30:46 GMT

Dow Jones stocks surge

During Monday's US trading hours, the Dow Jones index surged, as the stocks that compile the index were benefiting from the finalizing of the latest coronavirus relief bill.

Tue, 09 Mar 2021 04:26:50 GMT

US Dollar reaches high level

On Monday, the value of the US Dollar reached a new 2021 high level, as the surge that was caused by the Federal Reserve last Thursday continued.

Mon, 08 Mar 2021 21:44:22 GMT

Tesla loses third of value

During Monday's US trading hours, the stock price of Tesla extended its decline, as the company lost a third of its value for a third time during a year.

Mon, 08 Mar 2021 20:42:33 GMT

Deutsche Post to make €1B share buyback

Deutsche Post announced that its intention to buy back shares of up to a total of €1B for a one-year period starting this month to benefit from positive business trends.

Mon, 08 Mar 2021 20:05:46 GMT

PayPal to buy Israel-based Curv

PayPal Holdings announced that it would buy Curv, the Israel-based digital asset security company, aiming to strengthen support to cryptocurrencies.

Mon, 08 Mar 2021 19:04:39 GMT

Diageo acquires Far West Spirits

On Monday, Diageo announced that the acquisition of Far West Spirits, owner of the Lone River Ranch Water brand.

Mon, 08 Mar 2021 17:58:40 GMT

Telecom Italia plans to slash around 1.3K jobs

According to two union sources, Telecom Italia has informed Italy's trade unions about plans to slash up to 1,300 jobs this year.

Mon, 08 Mar 2021 16:59:49 GMT

Yellen comments on Biden's $1.9T relief bill

On Monday, Janet Yellen, the US Treasury Secretary, said that President Joe Biden's $1.9T COVID-19 relief bill would provide enough support to fuel a very strong economic recovery.

Mon, 08 Mar 2021 15:55:13 GMT

Tesla to construct battery for Texas grid

Bloomberg News said on Monday that Elon Musk was set to build a large battery via Tesla's Gambit Energy Storage unit that would connect to Texas grid.

Mon, 08 Mar 2021 14:43:33 GMT

Apollo Global to take over Athene

On Monday, Apollo Global stated it is planning to acquire the annuities provider Athene Holding in the all-stock deal worth around $11B.

Mon, 08 Mar 2021 14:14:45 GMT

GameStop picks Cohen as e-commerce shift leader

GameStop Corp has appointed the shareholder Ryan Cohen as the leader of the firm's shift to the e-commerce business, sending its shares up as much as 13% on the news.

Mon, 08 Mar 2021 13:37:08 GMT

McAfee plans enterprise business sale

On Monday, McAfee Corp announced its plans for its enterprise business sale to the Symphony Technology Group-led consortium in a cash-deal worth $4B, sending McAfee's shares up almost 3%.

Mon, 08 Mar 2021 12:12:15 GMT

Xpeng's Q4 net loss narrows 42%

On Monday, China's electric carmaker Xpeng reported its Q4 net loss narrowed as much as 42% compared to the 2019's same period, as the Chinese electric vehicle sales increased.

Mon, 08 Mar 2021 10:48:45 GMT

Oil prices retrace back down

During Monday's European trading hours, crude oil price benchmarks declined. The move was seen as a consolidation in the aftermath of reaching above the 70$ per barrel price.

Mon, 08 Mar 2021 09:49:17 GMT

Deliveroo to trigger London IPO

The UK food delivery service said on Monday it was planning to launch an initial public offering in London after business surged during the coronavirus pandemic.

Mon, 08 Mar 2021 09:35:51 GMT

Panasonic to acquire Blue Yonder

Panasonic Corp is set to acquire Blue Yonder, the US software firm, for $6.45B, the company's largest acquisition since 2011, according to the Nikkei.

Mon, 08 Mar 2021 06:11:33 GMT

Brent crude futures surge above $70

On Monday, Brent crude futures hit $71.38 per barrel during the Asian session, the highest since January 2020.

Mon, 08 Mar 2021 05:00:46 GMT

Myanmar's trade unions call for nationwide strike

On Sunday, Myanmar's labour unions called for a nationwide strike, starting on March 8, in an attempt to stop last month's military coup.

Mon, 08 Mar 2021 04:06:31 GMT

UK tells EU to shake off ill will over post-Brexit trade

On Sunday, the UK top Europe adviser David Frost stated that the European Union should shake off any remaining ill will over post-Brexit trade and concentrate on building a good relationship.

Mon, 08 Mar 2021 02:32:19 GMT

UK's PM comments on post-Brexit trade

On Sunday, UK's Prime Minister Boris Johnson said that his administration would resolve the various technical issues over post-Brexit trade with the European Union.

Sun, 07 Mar 2021 21:29:24 GMT

China truck sales up in February

According to cvworld.cn., the number of sold heavy trucks in China in February reached 112K machines, thus setting a new monthly record.

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