World Economic Magazine

SPACs target more ESG companies in 2021 -Nomura Greentech

Companies with environmental, social and governance (ESG) credentials have been high on the list of merger targets for U.S. special…

5 years ago

Austria’s S Immo says rival Immofinanz’s 1.1 bln euro bid is too low

Vienna-based real estate group S Immo (SIAG.VI) said on Wednesday that rival Immofinanz's 1.14 billion euro ($1.39 billion) offer to…

5 years ago

Nomura, UBS, UniCredit fined 371 mln euros over bonds trading cartel

Italy's UniCredit (CRDI.MI) said it would appeal to the European Courts and UBS (UBSG.S) said it was considering doing so…

5 years ago

Cisco forecasts profit below estimates, cites supply chain issues

Cisco Systems Inc (CSCO.O) on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast…

5 years ago

Tesla’s bitcoin value dives; Musk signals hold with ‘diamond hands’ tweet

The market value of Tesla Inc's (TSLA.O)bitcoin holdings have fallen by half to $1.26 billion, close to the electric car…

5 years ago

Wall Street closes lower after Fed minutes, crypto fall

Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the…

5 years ago

Group of U.S. senators backs $46 billion in relief for Postal Service

A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with…

5 years ago

Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate

A "number" of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery,…

5 years ago

Tencent Q1 profit rises 65% as online gaming revenue climbs

Chinese gaming and social media giant Tencent Holdings Ltd (0700.HK) reported a forecast-beating 65% rise in quarterly profit on Thursday,…

5 years ago

End new oil, gas and coal funding to reach net zero, says IEA

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions…

5 years ago