Albertsons Cos Inc, a U.S. grocery retailer said, it is aiming to raise up to $1.32 billion through its initial public offering (IPO). Certain selling stockholders are offering 65.8 million shares at an indicative price range of $18 to $20… Read More ›
In a document that has been made public this week, Elon Musk, Tesla Inc’s CEO said, he wants to start building a large vehicle assembly plant in the southwestern U.S. as early as the third quarter of this year. Tesla… Read More ›
A day after top U.S. diplomats met with their Chinese counterparts in Hawaii, U.S. President Donald Trump renewed his threat to cut ties ties with China given its history of not sticking to its commitments. Describing the U.S.-China as “tense”… Read More ›
In a significant development, the U.S. Senate has passed a major conservation bill that permanently direct $900 million a year in funding to a long-standing federal program which is aimed at protecting and acquiring public lands. The 73-25 vote in… Read More ›
On Wednesday, Britain and New Zealand formally launched free trade negotiations, with the former looking to line up deals with other countries post-Brexit. In a statement, New Zealand’s Minister for Trade and Export Growth David Parker said, New Zealand is among… Read More ›
On Wednesday, according to an internal memo, HSBC plans on reviving its massive redundancy plan of trimming its workforce. It plans on cutting 35,000 jobs over the medium term, reads the memo. It will also maintain a freeze on almost… Read More ›
In a significant development, members of the European Parliament have drafted a lawsuit accusing China of violating the Sino-British Joint Declaration and the International Covenant on Civil and Political Rights in a strong pushback to Beijing’s move to impose draconian laws… Read More ›
Nearly three after it closed down following the coronavirus pandemic, the New York Stock Exchange is set to allow a limited number of market makers to its trading floor on Wednesday. The number of designated market makers, who oversee trading… Read More ›
On Monday, the coronavirus which first emerged in the Chinese city of Wuhan, saw a second wave hitting the Chinese capital with a link to its biggest wholesale food market. Security checkpoints are back in cities, with the Chinese government… Read More ›
In a statement, Volkswagen AG’s Mexican unit said, workers are scheduled to be back in its plant Puebla on Tuesday. The development underscores VW’s intent to prepare its workers and train them at mitigating COVID-19 related protocols so that production… Read More ›
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