1.NISSAN:-Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry. This is the first time Japan’s No.3 automaker, one of the...
TOP 5 STOCKS TO WATCHOUT:- 1.DEUTSCHE BANK:-Deutsche Bank’s supervisory board on Sunday signed off on the nomination of Alexander Wynaendts as its next chairman, according to a staff memo seen by Reuters. The support was disclosed in an email by Chief Executive Officer Christian Sewing. The full board’s backing...
TOP 5 STOCKS TO WATCHOUT:- 1.GOOGLE:-Telenor and Alphabet Inc’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways to jointly offer services to customers, the two companies said on Monday. The firms will not only use Google Cloud’s services to...
TOP 5 STOCKS TO WATCHOUT:- APPLE An Apple employee who was fired last month after leading fellow workers in publicly sharing instances of what they called harassment and discrimination has filed a charge with the U.S. National Labor Relations Board (NLRB). In documents related to the charge that were...
TOP 5 STOCKS TO WATCHOUT:- 1. BLACK ROCK BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets. The world’s largest money manager...
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.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.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...