International News
ExxonMobil to sell UK assets to HitecVision in $1bn deal
ExxonMobil announced on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision in a deal worth over $1bn.
Europe close: Stocks move higher after stronger-than-expected German GDP
European shares finished higher on Wednesday as stronger-than-expected German economic growth drove gains, investor sentiment was still tempered by inflationary fears.
Biden to sign executive order to address global semiconductor chip shortage
President Joe Biden is set to sign an executive order on Wednesday to address a global semiconductor chip shortage that has automakers around the world, including those in the US, forced to cut production.
MicroStrategy buys over $1bn worth of bitcoin
MicroStrategy announced on Wednesday the purchase of just over $1bn worth of additional bitcoin.
Joby to go public in $6.6bn merger with blank-check firm
Joby Aviation, the 12-year-old electric air taxi startup will go public in a $6. 6bn reverse merger with blank check company Reinvent Technology Partners.
US open: Stocks head south, rising Treasury yields remain in focus
Wall Street stocks were in the red early on Wednesday as rising government bond yields continued to draw investor attention.
Johnson and Johnson vaccine appears to be 'safe and effective'
Johnson & Johnson's Covid-19 vaccine got a boost on Wednesday in the form a positive evaluation from America's Food and Drug Administration.
Icon to buy PRA Health Sciences in $12bn deal
US outsourced drug and device developer Icon has agreed to buy PRA Health Sciences in a $12bn cash and stock deal.
US pre-open: Futures point to early gains as Powell heads to House of Representatives
Wall Street futures were in the green ahead of the bell on Wednesday as investors awaited the outcome of this week's House vote on Joe Biden's stimulus package.
BBVA considers cutting 3,000 jobs from Spanish workforce
Spain's BBVA is considering cutting around 3,000 jobs in the country, reported Expansión on Wednesday.
SpaceX raises $850m in fresh funding round
SpaceX’s new $850m in fresh funding was confirmed in a Securities and Exchange Commission report filed on Wednesday.
German economy fares better than expected in fourth quarter
The German economy fared better than expected in the final months of 2020, official data showed on Wednesday, although growth was sharply lower on the previous quarter.