Business – Page 27 – PressClub World

18. 12. 2020 No Responses

Stock Broker Robinhood Financial fined $65 million by SEC for misleading users

Robinhood Financial has been fined $65 million for misleading its stock market customers about how the company makes its revenue from their trades, the Securities and Exchange Commission said Thursday. The SEC fine comes one day after regulators in Massachusetts filed a lawsuit against...

17. 12. 2020 No Responses

Coinbase Files For IPO

16. 12. 2020 No Responses

Satellite-to-smartphone broadband company AST & Science to go public

Special purpose acquisition company (SPAC) New Providence will take next-generation satellite broadband company AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced today. AST will list o...

15. 12. 2020 No Responses

Japan Plans To Spend $48 Billion To Field F-X Stealth Fighters By 2035

Japan Plans To Spend $48 Billion To Field F-X Stealth Fighters By 2035 That Would Outperform F-35 And Chinese Fighters. Last week, Japan’s Nikkei newspaper revealed new details of Tokyo’s ambitious plans to domestically develop a sixth-generation F-X s...

13. 12. 2020 No Responses

European Bond Market Disappears As ECB Takes Over

Back in 2015 alter media published an article titled “The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play” which referenced an IMF research report which found that in a few years time, pervasive QE would...

12. 12. 2020 No Responses

AstraZeneca agrees to buy Alexion for $39 billion

AstraZeneca agrees to buy rare disease firm Alexion for $39 billion. Subject to shareholder approval and certain regulatory clearances, the companies expect the deal to close in Q3 2021. The combined company is set to generate ~$500M of recurring run-rate of....

11. 12. 2020 No Responses

Hyundai Motor Buys 80% of Boston Dynamics

Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion. Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an...

10. 12. 2020 No Responses

Chinese Digital Currency Gets A Boost

If an official digital yuan was adopted, it would give Beijing a remarkable amount of information about what consumers are spending their money on. Last summer, the Chinese government launched a pilot program for a digital version of the yuan. The virtual c...

8. 12. 2020 No Responses

FDA Warns Of ‘Severe Adverse Reactions’ After Vaccine Dose 2

Pfizer and partner BioNTech’s COVID-19 vaccine meets expectations on agency guidance and is enough to spur an agency review, according to staff of the U.S. Food and Drug Administration. The finding is one of several significant new results featured in the ...

6. 12. 2020 No Responses

BoJ Is Now The Biggest Owner Of Japanese Stocks

Bank Of Japan Is Now The Biggest Owner Of Japanese Stocks With $434 Billion Portfolio. The combination of a state-run institution, the BOJ, and the country’s representative public pension fund, the GPIF, buying up local equities feels distorted. The Japanif...

4. 12. 2020 No Responses

Central Bank Of Uzbekistan Introduces Parallel Currency: Gold

Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote...

1. 12. 2020 No Responses

Exxon Mobil Announces $20 Billion Oil Asset Write-Down

Exxon Mobil has finally broken with its long-time tradition to never write down its assets. Exxon Mobil has announced stunning writedowns of between $17 billion to $20 billion due to the demand slowdown and its effect on the oil industry....

23. 11. 2020 No Responses

GAO: Only three of 46 piloted Pentagon aircraft met their annual mission capability

Only three of 46 piloted Pentagon aircraft met their annual mission capability (MC) goals in a majority of the years between fiscal years (FYs) 2011–19, according to a new report. The Government Accountability Office (GAO), in a report released on...

22. 11. 2020 No Responses

IATA: Airlines need another $80 billion in aid to survive

Airlines will need $70-80 billion in aid to survive the coronavirus crisis, or another half again of the amount already received from governments, their global industry body warned. “We are extremely grateful to them for having injected $160 billion into...

17. 11. 2020 No Responses

AAA-Rated Chinese State-Owned Coal Miner Defaulted

Sudden Default By AAA-Rated Chinese State-Owned Coal Miner Sends Shockwaves Across Markets, Something unexpected happened in China last week and it triggered a shockwave across Chinese bond markets. The abrupt 1 billion yuan ($151 million) bond default on Fr...

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