On Monday, Luminar Technologies Inc, an autonomous vehicle startup stated, it has decided to go public by merging with blank-check firm Gores Metropoulos Inc in a deal worth around $3.4 billion. The deal includes $400 million of cash from Gores… Read More ›
On Monday in a statement Barclays’ investment banking division said, J.P. Morgan’s Manuel Esteve will head its equity capital markets in Continental Europe. Esteve has been a managing director at J.P. Morgan’s equity capital markets for nearly 2 decades, 18… Read More ›
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›
On Monday, Syria’s state news agency (SANA) reported, an explosion on the Arab gas pipeline has caused a total blackout in Syria. The explosion occurred between the Ad Dumayr and Adra areas in Syria. In a statement, Syrian oil minister… Read More ›
On Monday, Australian wealth manager AMP Ltd stated, its chairman had resigned and the CEO of its funds management unit will be demoted, following concerns about alleged inappropriate conduct by the latter. In June 2020, AMP’s board, chaired by David… Read More ›
It “seems unlikely” at this stage that a trade deal between the United Kingdom and the European Union would be possible after Brexit, said the negotiator for the EU. He was “disappointed” and “concerned”, said Michel Barnier while speaking after… Read More ›
A vaccine against the novel coronavirus pandemic will be a “vital tool” in the global fight against the coronavirus, said the World Health Organization on Friday, but also warned that the threat of the pandemic will not come to an… Read More ›
With a resurgence in new orders for both the manufacturing and services sectors, business activity in the United States jumped back to its highest since early 2019 this month. This assumes significance because novel coronavirus cases are still on the… Read More ›
Despite reporting estimate beating forecast for sales for the third quarter, investors remained worried about the results of the rising semiconductor industry star’s data center business during the second quarter of the current year which affected the shares of the… Read More ›
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