1.EVERGRANDE:- China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default. The person said Evergrande remitted $83.5 million to a...
1.VOLVO:- Sweden’s AB Volvo reported third-quarter core earnings above market expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production. Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.40 billion Swedish crowns ($1.09 billion) from 7.22...
1.GOOGLE:- A Swiss court has dismissed Google’s bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders. “In an interim decision, the Federal Administrative Court rejects Google’s request to grant suspensive effect to its appeal. The...
1.AMAZON:- Five members of the U.S. House Judiciary Committee wrote to Amazon.com Inc’s chief executive Sunday, and accused the company’s top executives, including founder Jeff Bezos, of either misleading Congress or possibly lying to it about Amazon’s business practices. The letter also states that the committee is considering “whether a...
1.EVERGRANDE:-At the Shanghai Auto Show in April, the booth for China Evergrande Group’s new energy vehicle (NEV) unit was hard to miss. One of the largest exhibitions at the event, in a prime spot opposite BMW, the property developer-backed unit showed off nine concept vehicle models under its brand...
1.APPLE:-Apple Inc was on a collision course with South Korea on Friday over new requirements that it stop forcing app developers to use its payment systems, with a government official warning of a possible investigation into the iPhone maker’s compliance. The development comes after South Korea amended the Telecommunication...
1.MORGAN STANLEY: One of Morgan Stanley’s top dealmakers, who helped advise oil giant Saudi Aramco on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Francis. Motaz Alangari, who is based in Riyadh, is leaving the Wall Street Bank after more than...
1.JP MORGAN: JPMorgan reported on Wednesday third-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. JPMorgan announced earnings per share of $3.74 on revenue of $29.65B. Analysts polled by Investing.com anticipated EPS of $3 on revenue of $29.86B. JPMorgan shares are up 30% from the...
TOYOTA: Toyota Motor Corp in December wants to restart production curtailed by component shortages with a rebound in shipments from pandemic-hit suppliers that may help it claw back around a third of output lost to supply disruptions, three sources familiar with the carmaker’s plans said. Toyota last month cut its...
1. MERCK & Co: Merck & Co Inc said on Monday it has applied for U.S. emergency use authorization for its tablet to treat mild-to-moderate patients of COVID-19, putting it on course to become the first oral antiviral medication for the disease. Its authorization could help change clinical management...