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According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports 04/14/2024

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Business & Finance

German RWE's net profit grows by 22% in the first half of 2020

In the first half of 2020, German energy company RWE AG increased its net profit attributable to shareholders by 21.7% in annual terms - to €1.01 billion, according to the company's financial statements. In terms of one share, the company's earnings in the reporting period amounted to €1.64 against...

Airbnb to apply for IPO in August

Airbnb, an online short-term rental service, could apply to the Securities Commission (SEC) for an IPO by the end of the year within three weeks, according to The Wall Street Journal, citing sources. “The company (Airbnb) plans to file the IPO documents with the SEC later this month, thereby laying...

S&P removes Ford and GM from ratings for revision

The international rating agency S&P Global Ratings (S&P) has removed the ratings of Ford Motor and General Motors from the list for revision by confirming them at the current levels, "BB +" and "BBB", respectively, the outlook for all ratings is negative, the agency said in a release. “The negative...

IPOs in US biotech hit record high

US-listed biotechnology companies have had total IPOs of $ 9.4 billion since the beginning of this year, already surpassing the record $ 6.5 billion of 2018, according to Dealogic data. Biotech stocks are up 34% on average this year on the first day of trading after the IPO, the best performance...

WSJ: Cosmetics manufacturers are trying to weaken ties with retailers

In the face of the pandemic, cosmetics manufacturers are trying to reduce dependence on retailers, who were forced to close stores, and look for new ways to sell their products, writes The Wall Street Journal. In the United States, some large networks experienced difficulties even before the...

UK Evening Standard to downsize a third of jobs

Publisher of the free newspaper Evening Standard will cut a third of its personnel - 115 jobs - due to falling advertising revenues, writes the Guardian. In particular, 69 out of 167 journalists and editors will be fired, 31 more employees will be fired from the commercial department, and 15 - from...

Better Performance Of Its Bets To Likely Return SoftBank To Profitability

With the rise in value of the companies in which it had invested, it is expected that the Japanese investment conglomerate SoftBank Group will return to profitability in the first quarter. The company had reported record annual losses after the investments made through its Vision Fund had faltered...

China’s TikTok And WeChat Banned In US By Trump

United States President Donald Trump finally pulled the trigger on the Chinese video sharing app TikTok, banning all American companies from transacting with the app’s owning company China’s ByteDance. Trump also imposed sweeping bans on Tencent the owner and operator of messenger app WeChat...

Tencent to create $10B worth gaming platform

Chinese company Tencent Holdings Ltd. is in talks to merge two Chinese streaming gaming platforms - Huya Inc. and DouYu International Holdings Ltd. with the aim of creating a unified streaming service, Bloomberg reported, citing sources familiar with the matter. According to sources, Tencent...

Honda Motor's net loss in Q1 amounts to $763M

The net loss of the Japanese concern Honda Motor attributable to the company's shareholders in the first quarter of the 2020-2021 fiscal year ended June 30 was 80.871 billion yen (about 763 million dollars), although a profit of 172.3 billion yen was made a year earlier ( $ 1.6 billion), according...