Californian Coinbase files for Nasdaq listing, shows revenue surge amid bitcoin binge

25-02-2021
Coinbase, the world's largest cryptocurrency exchange, had filed for a direct public listing on Nasdaq with US SEC (Securities and Exchange Commission) on Thursday

New York lender Goldman-backed ReNew agrees US public listing in $8bn SPAC merger

25-02-2021
ReNew, the largest renewable energy firm in India, had agreed to a $8 billion merger with an SPAC backed by blank-cheque company titan Chamth Palihapitiya

Saudi Arabia’s PIF kickstarts $3 billion tourism infrastructure venture

25-02-2021
Saudi Arabia's PIF or Public Investment Fund has launched a $3 billion tourism infrastructure venture in the Kingdom's Southwestern Asir region

Wall St. rallies as Fed’s Powell's remark solaces inflation frets

25-02-2021
Key indices of Wall Street surged on Wednesday, roaring back after days of downfalls, as Fed's Powell's remarks had eased off inflation concerns

California’s Uber Eats, Just Eat, Deliveroo & Foodinho-Glovo fined €733mn in Milan

25-02-2021
On Wednesday, Milan Prosecutors said in a briefing that the bloc's third-largest economy had fined Uber Eats, Just Eat, Deliveroo and Foodinho-Glovo €733 million for improper working condition

Houston’s Baker Hughes quit Nord Stream 2; Lawmakers say sanction won’t stop pipeline

24-02-2021
Baker Hughes, AXA Group alongside 16 other energy industry giants had exited Russia's Nord Stream II gas pipeline project

Newark’s Lucid Motors’ $62bn valuation sparks bubble fret as Churchill Cap. shed 35%

24-02-2021
On Tuesday. e-vehicle start-up Lucid Motors were valued at $62 billion following a merger with an SPAC Churchill Capital IV

US consumer confidence picks up in February as Fed’s Powell downplays inflation risk

24-02-2021
The Conference Board Inc survey report published earlier on Tuesday had unveiled that US Consumer Confidence shot up in February

New York's Blackstone-backed Oatly files for US IPO, aims $5 billion valuation

24-02-2021
Oatly, the Blackstone-backed Swedish baker of oat-based alternative dairy products, had submitted a proposal for a US IPO (Initial Public Offerings) on Tuesday

Wall St. pummels as tech stocks sour; S&P 500, Dow end higher in late-session U-turn

24-02-2021
On Tuesday, S&P 500 and Dow had managed to eke out gains in late-afternoon trading after Fed Chair Jerome Powell had pledged to keep benchmark borrowing cost at a record-low level

Palo Alto’s Tesla’s Musk says Bitcoin overvalued as digital coin drops 25% market cap

23-02-2021
On Tuesday, bitcoin nosedived more than 15 per cent after shaving off as much as 10 per cent a day earlier

US mortgage vendors scale back IPOs as housing market biffs a peak

23-02-2021
As a number of US mortgage vendors have been pulling back from their slated IPOs, industry analysts suggested that a high-flying US housing market may have hit a peak

US stock futures advance after sharp decline ahead of Fed’s Powell’s speech

23-02-2021
On Tuesday, in morning European trading hours, US stock futures advanced ahead of Fed's Powell's speech before Senate Banking Committee

Dallas’ fintech firm Apex Clearing to go public via $4.7bn deal with Ledecky’s SPAC

23-02-2021
Dallas, Texas-based fintech firm Apex Clearing had agreed to a merger deal with New York Islander co-owner Ledecky's SPAC to go public in a deal which could value the combined entity at roughly $4.7 billion

Oil roars back, snaps up two-day long losing streak as Texas storms hinder output

23-02-2021
Both Brent and US crude oil gain as much as 3 per cent on Monday as storm-hit shale producers in Texas said that it would take at least two weeks to restore output to a normal level

Plano’s banking software provider Alkami plans US IPO at $3 billion valuation

22-02-2021
Alkami Technologies, a Texas-based banking software provider, has hired Goldman Sachs as a leading underwriter of its slated IPO scheduled to be taken place later this year

Moscow goes green, eyes fully electric bus fleet by 2030

22-02-2021
A top official of Moscow city transport department said later last week that the Russian capital city was eyeing a move to entirely electrify its public transport fleets by 2030

Boston restaurant software start-up Toast mulls US IPO, eyes $20 billion in valuation

22-02-2021
Toast Inc., a Boston-based restaurant management software developer, has been mulling a US IPO later last year which in effect could value the tech start-up over $20 billion

Major Gulf bourses end mixed amid lack of fresh impetus

22-02-2021
Major Gulf bourses end mixed on Sunday amid a sheer lack of major market movers

US existing home sales, prices rise again in Jan.; 30-yr fixed mortgage at 2.81%

22-02-2021
On Friday, US National Association of Realtor said in a statement that the US existing home sales had accelerated by their steepest pace since 2006 last month

Tewksbury’s AM Best says Texas storm may cost insurers record first-quarter losses

21-02-2021
Later this week, New Jersey-based insurer rating agency AM Best said in a report that the historic Texas winter storm may cost US insurers a record first-quarter losses

Illinois’ Kraft Heinz, General Mills & Kellogg tap into direct online sales

21-02-2021
A flurry of deep-pocket packaged food companies were looking to ramp up direct online sales to their consumers in a quest to probe customers' shopping behaviour

German billionaire venture capitalist Hommels launches Frankfurt-based SPAC

21-02-2021
Later this week, German venture capitalist Klaus Hommels had launched a Frankfurt-based SPAC, largely aimed at offering a material route for the European tech start-ups to go public by bypassing the conventional IPOs

European shares reap a third straight week of gains on strong earnings, positive data

21-02-2021
A basket of European equity indices had wrapped up the week in an upbeat tenure as a three-year high factory output in February in euro zone alongside strong earnings helped European stocks offset inflation concerns

Crude oil pulls back further from 13-month peak, clinch marginal rake-off in the week

21-02-2021
Both US and UK crude futures tumbled for a second straight session on Friday, however, had clocked marginal weekly percentage gains