Recent Posts - page 329

• Elon Musk’s Boring Company bids to build underground transit system between downtown and Fort Lauderdale

  By admin1 on July 8, 2021 • ( 0 )

  

  In a statement, the mayor of Florida said, Elon Musk’s Boring Company has submitted a bid to build an underground transit system between downtown and the beach in Fort Lauderdale. “This could be a truly innovative way to reduce traffic… Read More ›

• FTSE Russell to remove Chinese stock from its global indexes

  By admin1 on July 8, 2021 • ( 0 )

  

  Following U.S. President Joe Biden updating an executive order banning non-compliant Chinese companies from US stock exchanges, global index publisher FTSE Russell said it will remove a further 20 Chinese companies from its indexes. Many of these companies have alleged… Read More ›

• British fintech unicorn Wise valued at $10 billion

  By admin1 on July 7, 2021 • ( 0 )

  

  On Wednesday, according to data from Refinitive, Wise’s Class A shares are indicated to open at 750 pence in an auction, giving it a market capitalization of more than $9.66 billion (over 7 billion pounds). Ahead of its official London… Read More ›

• Chinese regulators step up supervision of listed firms abroad following Didi’s IPO scandal

  By admin1 on July 7, 2021 • ( 0 )

  

  Beijing is stepping up supervision of its companies listed abroad, said its cabinet in a statement. The development comes in the wake of China launching a cyber security investigation into Didi Global Inc just after its US IPO. In a… Read More ›

• A $600 Million Truck-Charging JV For Europe Planned By Daimler, Volvo And Traton

  By admin2 on July 6, 2021 • ( 0 )

  

  Plans for formation of a joint venture that will develop an electric battery charging network that would be used for charging long haul trucks and buses were announced by three major European truck manufacturers – Daimler Trucks, AB Volvo and… Read More ›

• Didi Warns Of Hit To Its Revenues Due To App Removal In China

  By admin2 on July 6, 2021 • ( 0 )

  

  Following an order from Chinese regulators, Didi Chuxing, China’s biggest ride-hailing company removed its app from its app stores and later issued a warning that this move will have an impact on the revenues of the company. The app was… Read More ›

• US investors blindsided by inadequate disclosures by Chinese ride hailing firm’s US IPO

  By admin1 on July 6, 2021 • ( 0 )

  

  U.S. investors were shocked to hear an announcement by Chinese regulators of an investigation into Chinese ride-hailing firm Didi, which just two days ago made its US debut with a $4.4 billion IPO on the New York stock exchange. Although… Read More ›

• Deutsche Bank launches foreign exchange indexes to track 21 currencies among emerging economies

  By admin1 on July 6, 2021 • ( 0 )

  

  In a statement Deutsche Bank said it has launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy. “The set of four… Read More ›

• All major economies agree to minimum corporate tax of 15%

  By admin1 on July 2, 2021 • ( 0 )

  

  Following two days of negotiations, most of the countries negotiating a global overhaul of cross-border taxes have backed plans for new rules which will see companies being taxed at a minimum of 15%. According to Organisation for Economic Cooperation and… Read More ›

• Boeing names Brian West as CFO

  By admin1 on July 1, 2021 • ( 0 )

  

  In a statement Boeing Co said, it has tapped former General Electric executive Brian West as its chief financial officer. The development comes two months after the surprise retirement of finance chief Greg Smith. West is scheduled to take charge on August… Read More ›

• ‹ Older Entries
• Newer Entries ›