Detroit’s GM walks away from planned stake in Nikola as e-vehicle start-up dives 25%

01-12-2020
On Monday, Detroit carmaker GM and Utah e-vehicle start-up Nikola said in separate statements that the companies had reached a new non-binding MoU that petered out almost all of the terms of a previously planned accord reached on September this year

New York’s S&P Global to buy IHS Markit for $44 billion all-stock deal

01-12-2020
On Monday, S&P Global Inc. said that the NY-based business information provider had agreed to a $44 billion buyout deal for data analytics firm IHS Markit Ltd.

S&P 500 notches best November-rally ever, but ends the day broadly lower

01-12-2020
On Monday, the benchmark S&P 500 had clocked its best November-rally ever, though the key indices of Wall St. had wrapped up the day broadly lower amid a month-end profit-taking wave

Oil plunges 1% as OPEC+ qualm over output cuts

01-12-2020
A day after OPEC+ ministers had botched to reach an agreement on how deeper the output cuts would be in 2021, crude oil futures' prices fell more than 1 per cent

Texas factory activity totters,US Pending Home Sales plunge as economic recovery woes

01-12-2020
On Monday, US Govt. data had reflected a barrage of dismal fundamentals with US Pending Home Sales tottering amid a sharp spike in the prices of existing houses

Dutch insurer Aegon to sell Central & Eastern European business to Vienna insurance

01-12-2020
On Sunday, Dutch insurer Aegon NV said that it was going to sell off its Central & Eastern European assets to Austria's Vienna Insurance in a bid to cushion up the fiscal blows stemmed off the pandemic outbreak

Black Friday sees record online sales as pandemic-wary Americans stay at home

30-11-2020
Amid a stiffer pandemic restriction, this year's Black Friday had witnessed a record spike in online sales to as many as $9 billion

Gulf stocks end higher as Saudi extends gain for a sixth straight session; Dubai dips

30-11-2020
On Sunday, major Mideast bourses had rounded off the session modestly higher with Saudi extending its winning streak for the sixth straight session in a row

Massachusetts’ Biogen bets on depression drug with $1.5bn Sage Therapeutics deal

30-11-2020
Late on Friday, Massachusetts-headquartered American pharmaceutical giant Biogen said that it was going to purchase a $650 million stake in Sage Therapeutics in a bid to bolster its anti-depressant drug portfolio

Wall St. edges higher; Nasdaq hits record-highs as holiday shopping kick-starts

30-11-2020
On Friday, all three key indices of Wall St. had winded down the session modestly higher with Nasdaq leading tally of the gains

Spain’s BBVA and Sabadell fail to agree on price, end tie-up talks; TSB up for sale

30-11-2020
Late on Friday, Spanish lender BBVA and its smaller rival Sabadell said in separate statements that the companies had failed to reach an accord over a potential merger deal

European shares rise for fourth straight week; BBVA jumps 4% after Sabadell talks end

30-11-2020
On Friday, a basket of European stock indices had logged their fourth consecutive week of percentage gain, mostly riding over hopes of a pandemic vaccine rollout as early as mid-December

US Dollar dwindles to three-month lows as investors swamp riskier assets

30-11-2020
On Friday, the US Dollar Index (DXY) measured against a basket of six major currencies fell to a nearly three-month low as investors flocked to riskier assets

Oil boasts fourth consecutive weekly gain ahead of OPEC+ meet with demand in focus

29-11-2020
On Friday, crude oil futures' prices ended up the session in a mixed complexion, though both US and UK crude futures' prices clocked fourth straight week of gains in a row

Gold gobbles down losses, dives bellow $1,800 on vaccine hope, economic recovery

29-11-2020
On Friday, the precious safe-haven gold futures' prices faltered below a key support level of $1,800 an ounce, paving the way for further downside momentum below $1,750 an ounce

Washington's US Army Corps of Engineers reject dubious permit for Alaska Pebble Mine

29-11-2020
Later this week, the US Army Corps of Engineers had finally rejected the contentious permit for Alaska's Pebble Mine, which had been subject to a more than 12 years of legal dispute

Los Angeles’ Disney increases planned layoffs to 32,000 as pandemic hits park traffic

29-11-2020
Later this week, Walt Disney Co. said in a statement that it would extend its slated lay offs to 32,000 workers from a prior figure of 28,000 announced on September

Palo Alto’s Tesla probed on 115,000 Model S & X vehicles' suspension safety issue

28-11-2020
Late on Friday, the US National Highway Traffic and Safety Administration had issued a statement saying that the US agency had opened up an investigation on more than 115,000 Tesla Inc. Model S & X vehicles over suspension safety issue

Cupertino’s Apple asks Foxconn to shift production to Vietnam to minimise China risk

28-11-2020
Apple Inc. had formally requested Foxconn to shift its Chinese assembling line to Vietnam in a bid to downsize the fiscal impacts of a protracted Sino-US trade war

Menlo Park’s Facebook to launch US Dollar-backed Libra as early as January 2021

28-11-2020
Facebook Inc. had been mulling an option to launch a US Dollar-backed Libra digital currency as early as by January 2021

FCA premium brand Maserati to electrify entire fleet in next five years

28-11-2020
Speaking in a fashion web event on Thursday, FCA's premium brand Maserati CEO Grasso said that the Fiat Chrysler unit was looking to a potential all-electric shift in next five years

US travel insurance booms as flyers take Thanksgiving risks

28-11-2020
Despite repeated warning from the US health regulators, more than 3 million Americans had taken domestic flyers over the weekend, while US travel insurance had witnessed a maverick upswing in demands

Seattle’s Amazon to fork out $500 million in holiday bonuses to front-line US workers

27-11-2020
On Thursday, world's No. 1 online retailer Amazon.com Inc. said that the Seattle, Washington-headquartered retailing giant had agreed to lay off a one-time bonus of $500 million for its front-line workers in the holiday season

Bitcoin leads crypto sell-off as red-hot rally hits the buffer

27-11-2020
On Thursday, almost all of the crypto assets had taken a tattering header with Bitcoin leading the tally of the losses by market share

California’s Salesforce in talks to acquire workplace app Slack in all-cash deal

27-11-2020
Cloud-based software company Salesforce.com Inc. had been in talks to acquire the workplace app Slack Technologies Inc. in an all-cash deal, a Wall Street Journal report had unveiled on Wednesday