BBC reports: A social media post from an account linked to the Chinese Communist Party has sparked controversy for appearing to mock India over its coronavirus crisis. The post on Chinese site Weibo showed an image of a rocket launch in China alongside a photo of the bodies of Covid victims being cremated...
CNBC reports: The S&P 500 opened at a record level on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook. The Dow Jones Industrial Average gained 140 points while the S&P 500 added 0.7% and notched a new intraday record. The tech-heavy Nasdaq Composite...
PRESS RELEASE Trading update for Q1 2021 and 2021 full year guidance adjustment ANNOUNCEMENT A.P. Møller – Mærsk A/S – Trading update for Q1 2021 and 2021 full year guidance adjustment Based on preliminary figures A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 12.4bn and an underlying EBITDA of USD 4bn...
REUTERS reports: Canadian National (CNR.TO) said on Tuesday it had offered to buy railroad operator Kansas City Southern (KSU.N) for about $30 billion, trumping a rival bid by Canadian Pacific (CP.TO) and sending the U.S. company’s shares up more than 20%. Either combination will create the largest North American railways, spanning across the...
CNBC reports: The U.K. government has intervened in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds. Britain’s Digital Secretary Oliver Dowden issued a Public Interest Intervention Notice (PIIN) on Monday. It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport said Dowden “considered advice...
REUTERS reports: Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival Ether ,...
The Australian Financial Review (AFR) reports: Private equity firm Allegro Funds is in the box seat to acquire Toll Group’s Australian freight and freight forwarding arm, Toll Global Express. Toll owner Japan Post received two offers for the Global Express unit a fortnight ago, and was expected to nominate one bidder for a final...
Al Jazeera reports: (Taipei says 25 Chinese air force aircraft entered Taiwan’s air defence identification zone and flew in an area close to the Pratas Islands on Monday.) Twenty-five Chinese air force aircraft including fighter jets and nuclear-capable bombers entered Taiwan’s air defence identification zone (ADIZ) on Monday, the island’s government said, the...
NIKKEI ASIA reports: The $20 billion buyout offer for Toshiba by CVC Capital Partners gives the Japanese conglomerate a chance to part ways with activist investors and focus on growth strategy. But the deal faces a number of hurdles involving investors, management and regulators. Toshiba confirmed Wednesday that it received an “initial” proposal...
REUTERS reports: The Philippine military is sending light fighter aircraft to fly over hundreds of Chinese vessels in disputed waters in the South China Sea, its defence minister said, as he repeated his demand the flotilla be withdrawn immediately. International concern is growing over what the Philippines has described as a “swarming and...
