Coronavirus vaccine developer CureVac BV stated, it has raised $213 million through its initial public offering (IPO) in New York setting the stage for the first stock market debut of a company developing a potential cure for the deadly disease…. Read More ›
According to a senior official from the White House, next week Washington is set to unveil a major economic investment program with the Colombian government. The move assumes significance since it underscores Washington’s drive to relocate supply chains that it… Read More ›
In a statement on Thursday, Germany’s Ifo economic institute said, German companies expect business conditions to normalize in an average of 11 months. Germany’s services sector expect business to return to normal at 11.7 months, while the manufacturing sector sees… Read More ›
In a statement Chevron Corp said, it is in the process of investing in nuclear fusion startup Zap Energy Inc, joining its peers Norway’s Equinor and Italy’s ENI, who have also backed the startup in order to reduce their carbon… Read More ›
According to a report from China’s Xinhua News Agency, China’s banking industry is expecting to expecting to write-off $489.91 billion (3.4 trillion yuan) of bad debts in 2020. These bad loans have cropped up due to Wuhan coronavirus. “The sector… Read More ›
On Thursday, German conglomerate Thyssenkrupp said, some of its businesses were stabilising in the current quarter after taking heavy hits from the coronavirus pandemic. Thyssenkrupp has reported a fiscal third-quarter adjusted operating loss from continuing operations, minus the elevator business… Read More ›
According to fours sources with knowledge of the situation at hand, Taiwan’s central bank has commenced investigations on 5 foreign banks for their alleged involvements in a $8 billion in net trading positions on the deliverable forwards market. On Tuesday,… Read More ›
Data released by the Vietnamese government on Wednesday shows, in July 2020, the country’s trade surplus widened to $2.8 billion from a $1.85 billion in June. Exports rose by 10.2% from June to $24.87 billion, while imports also grew at… Read More ›
In a statement, Eastman Kodak Co stated, it expects sales volume to jump back to normal levels once the COVID-19 pandemic eases; it also sees an improvement in its working capital after the intensity of the Wuhan coronavirus fades. The… Read More ›
In a statement, Brazilian airline Azul SA said, it had clinched an agreement with its aircraft lessors that would help it save nearly $594.61 million (3.2 billion reais) in working capital through 2021; the deal will see repayments from 2023…. Read More ›
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