Deutsche Bank AG sold about $4 billion of holdings in a private deal on Friday to escape the Archegos Capital Management scuffle, according to Bloomberg. The German bank executed the…
Goldman Sachs is close to offering its first investment vehicles for Bitcoin and other digital assets to its wealthy clients, according to CNBC. The bank aims to begin offering investments…
India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country, according to Reuters. The lure is part of the…
President Joe Biden will unveil a $2.25 trillion US infrastructure plan on Wednesday, according to Bloomberg. The spending will be paid for by tax hikes, with corporate tax set to…
Hitachi Ltd stock fell 7% on the Tokyo Stock Exchange on news that it will buy U.S software company GlobalLogic Inc. for $9.6 billion, according to Reuters. The deal value…
Chewy generated the first quarter of positive net income of $21.0 million in Q4 2020 and first full year of positive adjusted EBITDA, according to the company’s press release. The…
Huawei Technologies Co.’s revenue in the final quarter of 2020 fell by 11% to 220.1 billion Yuan or $33.5 billion. The slip in quarterly revenue is the first on record,…
Amazon-backed food delivery start-up Deliveroo plunged about 30% on its stock market debut on Wednesday. According to CNBC, the slump reflects pressure from top investors and trade unions over workers’…
113 ships have crossed the Suez Canal in both directions since it was reopened late Monday after the 1,300-foot container ship was freed, according to the Wall Street Journal. Now,…
MSCI’s broadest index of Asia-Pacific shares outside Japan eased from a one-week high of 682.36 points to 678.22. The index is now down 2.2% for the month and is on…
U.S President Joe Biden will allow a proclamation that blocked many temporary foreign workers from coming into the U.S to expire on Wednesday, according to Reuters. The directive on temporary…
“Say on Climate” initiative by a billionaire British hedge-fund manager is facing rejections from U.S corporations and money managers, according to the Wall Street Journal. The campaign by Chris Hohn…