(Reuters) Investors managing assets worth up to $55 trillion have called for urgent action by steelmakers to curb carbon emissions. The investors say the steel industry has been slow to…
(IHS Markit) China saw an uptick in service sector activity as the Business Activity Index rose from a 14-month low of 50.3 in June to 54.9 in July. The expansion…
Alibaba Group Holdings delivered revenue of RMB205,740 million or $31,865 million in the quarter that ended June, up 34% from the comparable quarter of 2020. Alibaba’s revenues were fueled by…
(Cointelegraph) Singapore has granted the Independent Reserve, an Australian crypto exchange, an “in-principle approval” to operate as a regulated virtual asset service provider. The approval by the Monetary Authority of…
(BP Plc) BP PLC reported a $ 3.4 billion profit in the second quarter of 2021, up from a loss of $17.5 billion in the same period last year. The…
(DuPont) DuPont announced $4.1 billion revenue in the second quarter, a 26% increase compared to the same period in 2020. DuPont reported a net profit of $487 million in the…
(Eurostat) The Euro area and the EU recorded a 1.4% jump in industrial producer prices in June from May. Compared to June 2020, producer prices rose by 10.2% and 10.3%…
(Cryptoslate) The Bank of America is supporting El Salvador’s Bitcoin bill that aims to make the digital currency a legal tender by noting key benefits in the move. BofA says…
(Bloomberg) Tencent Holdings Ltd. shed as much as 11% on Tuesday following criticisms by China’s official news agency that called it the “spiritual opium.” The Chinese media agency also referred…
(Reuters) The European Union antitrust regulators have opened a full-scale investigation of Facebook’s acquisition of US customer service startup Kustomer. The EU antitrust regulators say the acquisition of Kustomer by…
(IHS Markit) The US manufacturing PMI was 63.4 in July, an increase from 62.1 in June, the strongest outlook in 14-year history. Demand signaled by new orders rose in July…
(Financial Times) Vaccine makers Pfizer Inc. and Moderna Inc. have raised their Covid-19 vaccine prices days after signing new supply contracts in the European Union. Pfizer’s short will now sell…