(Bloomberg) Royal Dutch Shell Plc. will terminate its dual share structure, creating a single line of shares in a restructuring move the company expects to make it competitive. Upon restructuring,…
(NBS) China’s retail sector grew by 4.9% in October, higher than September’s expansion of 4.4% and better than the forecast increase of 3.5%. Industrial output saw an increase of 3.5%,…
(University of Michigan) The Index of Consumer Sentiment was at 66.8 in early November, down 6.8% from the previous month and the lowest since November 2011. The consumer sentiment is…
(Reuters) Tesla CEO Elon Musk has sold about $687 million worth of the company’s stock, days after selling another $5 billion. The share sale was made on November 11 through…
(Coupang) Coupang Inc. registered total revenues of $4.6 billion in the third quarter of 2021, a jump of 48% from the prior year. The company’s advertising revenue almost tripled from…
(CNBC) Shares of Chinese electric maker Xpeng rose more than 10% in Hong Kong on Friday after the company teased a new sports utility vehicle. The utility vehicle, set to…
(FT) Conglomerate Toshiba Corporation is planning to split the company into three entities and shelving calls to take the whole company private. Upon split, one division will hold the company’s…
(Twitter) Cinema giant AMC Entertainment has started accepting Bitcoin, Bitcoin Cash, Ether, and Litecoin as payment options for ticket purchases. CEO Adam Aron says Dogecoin would be the next to…
(OPEC) OPEC+ is forecasting that oil demand will average 99.49 million barrels per day in the fourth quarter of 2021, down 330,000 bpd from October's forecast. OPEC+ cites high energy…
(CryptoPotato) Social media giant Twitter is establishing a team that will focus on developing solutions for cryptocurrencies, and other decentralized technologies. The team will be led by Engineer Tess Rinearson,…
(Reuters) Chinese property developer Evergrande Group has reportedly paid several bondholders everting a looming default on overdue coupons. The paid coupons relate to three bond tranches worth at least $148…
(ONS) UK’s economy is estimated to have grown by 1.3% in the third quarter, after a jump of 5.5% in the previous quarter on growing output after the easing of…