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Bloomberg Commerzbank AG will take an additional 2.1 billion-euro ($2.6 billion) hit in the fourth …
Read More »Commerzbank takes additional $2.6 billion hit from pandemic
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Top US banks’ tax bill would rise $11bn with Biden hike
Bloomberg After three years of savings, top US banks could face an increased tax bill …
Read More »Beijing jails former China Development Bank chief
Bloomberg China sentenced Hu Huaibang, a former chairman of the nation’s biggest policy bank, to …
Read More »Chip shortage hits global automakers
Bloomberg A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler …
Read More »Hyundai walks back on comment linking it with Apple’s car plans
Bloomberg Hyundai Motor backed away from a statement confirming it is in talks with Apple …
Read More »Rivian close to raise funds at $25b valuation
Bloomberg Rivian Automotive Inc., the electric-truck startup backed by Amazon.com Inc. and Ford Motor Co., …
Read More »Equifax all set to tackle e-commerce fraud with $640mn Kount deal
Bloomberg Equifax Inc. agreed to acquire Kount Inc., which offers fraud protection for e-commerce retailers, …
Read More »Samsung rises to record on strong memory market outlook
Bloomberg Samsung Electronics Co. shares rise 7.1% to a record high in Seoul amid signs …
Read More »Investcorp portfolio firm Impero acquires Netop
BAHRAIN / WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its …
Read More »OIC welcomes signing of Al Ula Declaration
JEDDAH / WAM The Organisation of Islamic Cooperation (OIC) has welcomed the signing of Al …
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