$1.9 trillion bill wins House Approval; Biden to sign signature relief bill on Friday

11-03-2021
Late on Wednesday, US House had voted 235-149 to approve an amended version of President Biden's $1.9 trillion pandemic stimulus bill

Columbia’s JPMorgan to shut down digital wallet Chase Pay

10-03-2021
New York City-lender JPMorgan said late on Tuesday that the United States' largest lender would shut down its digital wallet Chase Pay as early as by end-March

De Beer JV Debmarine Namibia output drops 13% as pandemic hurts diamond demands

10-03-2021
Debmarine Namibia, a 50-50 JV between De Beers SA and Namibian Government, said late on Monday that the marine diamond miner's output had dropped as much as 13 per cent last year

US crude output to rise above previous forecast; global oil consumption to soar: EIA

10-03-2021
US Energy Information Administration had forecasted late on Tuesday that US crude oil output would more likely to rise above its prior forecast this year, while global oil consumption would step up 5.3 million bpd to 97.5 million bpd

Stellantis-owned French second-hand car seller Aramis eyes IPO, to enter UK market

10-03-2021
France's Aramis Group that sells off second hand cars online, said late on Monday that it was looking to a Paris IPO as early as this year

Fort Worth’s TPG Capital-backed SPACs to raise over $1 billion in US IPOs

09-03-2021
TPG Capital-backed three blank-check firms were looking to raise more than $1 billion in NYSE IPOs, regulatory filings with US Securities and Exchange Commission had unfolded late on Monday

Grapevine electronic retailer Gamestop climbs 40%; meme stocks rally on stimulus hope

09-03-2021
On Monday, shares' prices of GameStop surged as much as 40 per cent, hitting their strongest level since February 1

Israeli watchdog directs banks to deter dividends at least until fourth-quarter 2021

08-03-2021
On Sunday, Banking Supervision Division of Bank of Israel had issued an order saying that the country's lenders must not resume dividends at least until the fourth quarter of 2021

UAE kickstarts first independent digital banking platform YAP after Rak Bank tie-up

08-03-2021
On Sunday, United Arab Emirates had launched the country's first independent digital banking platform YAP

China February exports post record rebound from pandemic-depressed 2020

08-03-2021
China customs data had revealed on Sunday that the World's No 2 economy's exports had notched their steepest rise on record last month on a year-on-year basis

San Ramon oil Supermajor Chevron to acquire Noble Midstream in $1.32bn all-stock deal

07-03-2021
San Ramon's oil Supermajor Chevron Corp. had agreed to a $1.32 billion all-stock takeover deal for Houston-based oil firm Noble Midstream

Malaysia’s low-cost airline AirAsia Group mulls air taxi, drone delivery services

07-03-2021
Malaysia's budget carrier AirAsia looks to kick off an air taxi service as early as by next month alongside a commercial drone delivery business by end-2021, mostly in a bid to weather the pandemic-led fiscal storms

Bitfury Group-backed bitcoin miner Cipher to go public in $2bn SPAC deal

07-03-2021
US-based bitcoin miner Cipher Mining Inc. said earlier on Friday that it had agreed to a $2 billion SPAC merger deal with Good Works Acquisition Corp in a bid to go public, lifting Good Works' shares prices as much as 15.9% in pre-market trading

Californian Tesla to hold stake in New Caledonia’s Vale nickel mine after sale

06-03-2021
Later this week, political leaders in New Caledonia had agreed to new terms of a sell off of Vale's nickel mining business in the region, while Musk's Tesla had teamed up with local stakeholders for a slice in Vale's nickel mining business

Vancouver’s EV battery metal miner DeepGreen to go public via $2.9 billion SPAC deal

06-03-2021
On Thursday, Vancouver-based EV battery metal maker DeepGreen said in a statement that the company had agreed to be purchased by an SPAC firm Sustainable Opportunities Acquisition Corp. in a $2.9 billion deal

UK food delivery start-up Deliveroo mulls $7 billion dual-class London listing

05-03-2021
UK-based online food delivery start-up Deliveroo said on Thursday that the company was preparing a $7 billion dual-class London listing

Detroit’s GM extends output cuts due to chip shortage; Stellantis flags further pain

05-03-2021
Detroit carmaker General Motors had slashed outputs at three of its Northern American manufacturing plants over potential shortage of semiconductors

Denver in-home care provider DispatchHealth valued $1.7bn after latest funding round

05-03-2021
DispatchHealth, a Denver-based in-home healthcare provider said late on Wednesday that the company had shelved a $200 million at its latest funding campaign that had valued the company at roughly $1.7 billion

Minneapolis’ retailer Target Corp. to ramp up spending $4bn a year; shares sour

04-03-2021
On Tuesday, deep-pocket US retailer Target Corp. said at its fiscal fourth quarterly earnings' report that the company would be spending a whopping $4 billion annually over the next several years

California's Tesla receives bumper break in India with cheaper output cost than China

03-03-2021
On Tuesday, Nitin Gadkari, the Transport Minister of India, said in an interview that India was prepared to offer Tesla a cheaper production cost than China, had the e-vehicle maker agreed to launch an entire production line in the country

Houston’s Baker Hughes CEO says energy industry recovering, balance likely by 2022

02-03-2021
On Monday, speaking in the CERAWeek by IHS Markit, US energy industry giant Baker Hughes CEO Simonelli said that the global energy industry had begun to recover following a dour 2020

Swedish Fintech Klarna funding round makes it Europe’s most valuable startup at $31bn

02-03-2021
On Monday, Swedish fintech giant Klarna said in a statement that it had raised a stark upsum of $1 billion in a latest fundraising campaign which in effect had made it the Europe's most valuable start-up at $31 billion

South Korea’s Coupang files for mega US IPO at over $50bn valuation

01-03-2021
Softbank-backed S. Korean e-commerce giant Coupang Inc. had filed for a US IPO on Monday with a targeted valuation range between $46 billion and $51 billion, paving ways to secure the largest US IPO this year

Issaquah retailer Costco lifts minimum wage above Amazon, Target to $16 per hour

01-03-2021
Later last week, the membership-only American multinational retailer Costco had raised its minimum wages for hourly workers to $16/hour, a dollar more than rival Amazon, Target and Walmart

Chinese e-scooter maker Niu in talks to supply Indonesia’s Gojek in expansion bid

01-03-2021
Later last week, Chinese e-scooter maker Niu CEO said in an interview that the company would be tapping into a fast-growing ride-hailing market in Southeast Asia