On Thursday, ahead of its upcoming shareholder meeting, BlackRock said it would more than double the number of companies it engages with over climate-related issues to more than 1,000 while laying out stronger goals on other fronts for portfolio firms… Read More ›
Day: December 10, 2020
S&P Dow Jones Indices delists Chinese-military backed companies
On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
Britain signs FTA with Singapore
In a significant development, on Thursday, Britain has signed a free trade agreement with Singapore as it prepares its transition out of the European Union on December 31, 2020. The deal was signed by Britain’s secretary of state of international… Read More ›
Airbnb’s IPO trades above IPO target
According to sources familiar with the matter at hand, Airbnb Inc’s sale of shares during its initial public offering (IPO) sold at $68 apiece, above its targeted price range, and raised around $3.5 billion, giving it a diluted valuation of… Read More ›
Japan’s ruling aims to incentivize green investments
With Japanese Prime Minister Yoshihide Suga strategically placing carbon neutrality at the centre of the country’s economic recovery plan, the country’s ruling party has called for extending tax breaks on low-emission vehicles as well as incentivize green investments, showed a… Read More ›
Sony to acquire AT&T Inc’s animation business for $1.18 billion
On Thursday, in a statement Sony Corp and AT&T Inc’s animation business Crunchyroll stated, the former will purchase the latter for $1.175 billion. The development sees Sony aiming to boost its entertainment content and distribution businesses. The deal will provide… Read More ›