San Jose’s Cisco Systems receives China approval on $4.5bn Acacia takeover

20-01-2021
On Tuesday, the US-based networking gear maker Cisco had received an approval from China's anti-trust authority for its $4.5 billion Acadia buyout deal

Crude oil surges over 2% on stimulus optimism ahead of Biden inauguration

20-01-2021
On Tuesday, both Brent and US WTI (West Texas Intermediate) crude oil contracts' prices jumped ahead of an inauguration of the President-elect Joe Biden

Wall St. ascends as Biden's Treasury Secretary nominee Yellen backs more stimulus

20-01-2021
On Tuesday, a slew of US stocks eked out robust gains with tech-heavy Nasdaq leading the rallies ahead of the inauguration of President-elect Joe Biden

Oil supermajor Total steps up renewable energy push with $2.5bn investment in AGEL

19-01-2021
On Monday, French oil Supermajor Total SE said that the Paris-based energy industry behemoth had agreed to lay off a jawdropping $2.5 billion in fresh investments in an Indian renewable energy firm

Singapore-based ride-sharing giant Grab mulls $2 billion US IPO

19-01-2021
Grab Holdings Inc., the Southeast Asian multinational ride-sharing and online food delivery start-up had been exploring a US IPO earlier in the year

PSA-FCA merger Stellantis shares soar in European debut

19-01-2021
On Monday, shares' prices of Groupe PSA-Fiat Chrysler merger Stellantis rose just a notch shy of 8 per cent in their European market debut

Global stocks tremble as pandemic resurgence offset upbeat China data

19-01-2021
On Monday, a basket of global equity indices had winded down the session sharply lower despite a better-than-anticipated China data released earlier in the day

Israeli economy to grow 4.6% in 2021 amid positive vaccine response: Finance Ministry

19-01-2021
Israeli Finance Ministry had said in a statement earlier on Sunday that the country would likely to witness a growth of 4.6 per cent this year

UK’s Deliveroo raises $180 million from existing investors, valued over $7 billion

18-01-2021
London-based British multinational online food delivery company Deliveroo said in a statement earlier on Sunday that the company had raised a fresh $180 million from existing investors ahead of its slated public market debut in the coming months

Major Gulf bourses tumble ahead of likely dour earnings’ season

18-01-2021
On Sunday, a basket of major Gulf bourses edged lower with Dubai's main index leading the losses

Italy’s debt to hit record 158.5% of GDP in '21, 2nd-highest after Greece in bloc

18-01-2021
On Saturday, Italy's senior Government officials said that the country would witness a record rise in public debts to 158.5 per cent of GDP this year

Brazil’s Bolsonaro to allow China’s Huawei in 5G tender, says local newspaper

18-01-2021
On Saturday, a Brazilian local newspaper Estado de S. Paulo had quoted the country's Vice President Mourao as saying that the world's No 1 low-cost telco gear maker Huawei would not be barred from a 5G aution scheduled to takeplace on June

European shares post worst intra-day plunge since mid-December, fall 0.8% in the week

18-01-2021
A slew of European stock indices fell to their lowest level since mid-December, snapping a four-week long streak of weekly percentage gains

Large Bitcoin payment made to far-right Republicans before US capital attack

17-01-2021
More than half a million worth of bitcoins were paid to as many as 22 digital wallets before last week's attack on US Capitol

Norway eyes offshore metal mining instead oil despite protests from climate activists

17-01-2021
Norway, the natural resource-rich Scandinavian country, has been mulling an option to kickstart offshore metal mining as early as 2023

American Dollar hits one-month peak as dismal data hurt risk appetite

17-01-2021
The US Dollar Index (DXY) measured against a basket of six major currencies on an average rose to a four-week high on Friday

Oil posts first weekly decline since late-December on China lockdown, demand concern

17-01-2021
On Friday, both US and UK crude oil futures faltered as much as 2 per cent following renewed lockdown measures on a number of Chinese cities

US manufacturing shines, but retail sales fall in December for third straight month

17-01-2021
On Friday, US Commerce Department data released earlier in the day had revealed that the US retail sales were slumped 0.7 per cent in December following a 1.4 per cent plunge a month earlier

Virginia's Capital One fined $390 million for violating US anti-money laundering law

16-01-2021
Capital One Financial Corp., the Virginia-based credit card provider, had been fined as many as $390 million on Friday over charges of alleged breaches of anti-money laundering law

FCA and PSA set to seal $52 billion merger deal to become Stellantis

16-01-2021
On Saturday, Anglo-Italian carmaker FCA and French automotive giant Groupe PSA have been set to rubber stamp a $52 billion merger deal which in effect would create the world's fourth-largest automaker by market cap, named as Stellantis

Wall Street closes lower on bleak data as financials, energy shares tumble

16-01-2021
On Friday, all three key indices of Wall Street had wrapped up the day sharply lower with Nasdaq leading the tally of losses

US initial jobless claims near four-month peak as labour market weakness lingers

16-01-2021
On Thursday, US Labour Department said in a statement that the number of Americans applying for first-time state unemployment benefits rose by a staggering 181,000 to a seasonally adjusted 965,000, the highest level since late-August

US consumer prices post robust rise in December, but inflation remains benign

16-01-2021
US Labour Department said in a statement earlier on Wednesday that US Consumer Prices Index rose robustly last month, though inflation indicators remained tepid

San Diego pet retailer Petco surges 63% in Nasdaq debut, valued at over $5bn

15-01-2021
On Thursday, San Diego-based pet retailer Petco shares surged as much as 63 per cent in their Nasdaq debut, valuing the company at more than $5 billion

President-elect Biden requests $1.9 trillion in fresh fiscal stimulus

15-01-2021
US President-elect Joe Biden has been set to request a whopping $1.9 trillion in fresh fiscal stimulus on Thursday eve to jumpstart the recovery process of a pandemic-battered US economy