[ad_1] (Reuters) – Online used car seller Vroom Inc raised $467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO market picks up momentum after the COVID-19 pandemic placed
China’s troubled Baoshang rescue exposes fault lines in bank reform drive
[ad_1] BEIJING (Reuters) – In May 2019, China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors in small Baoshang Bank were to
Online used car seller Vroom raises $467.5 million in U.S. IPO
[ad_1] (Reuters) – Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on
IBM gets out of facial recognition business
[ad_1] FILE PHOTO: A man wearing a protective mask walks past an office building with IBM logo amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
[ad_1] BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co (7201.T) boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested
Japan wants manufacturing back from China, but breaking up supply chains is hard to do
[ad_1] TOKYO (Reuters) – When Japanese firm Iris Ohyama agreed in April to begin producing much-needed face masks in Japan, it marked a win for Prime Minister Shinzo Abe who wants to bring manufacturing back
Nasdaq ends at record, confirms bull market on economic recovery hopes
[ad_1] (Reuters) – The Nasdaq posted a record closing high on Monday, becoming the first of the major indexes to confirm a new bull market, while the S&P 500 ended in positive territory for the
Stocks rally on quick economic revival hopes, oil slides
[ad_1] NEW YORK (Reuters) – Global equity markets surged on Monday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said
Stocks gain on quick economic revival hopes, oil slides
[ad_1] NEW YORK (Reuters) – A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of
Volkswagen replaces Herbert Diess as CEO of the VW brand
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) replaced Herbert Diess as chief executive of the VW brand on Monday and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at the company’s largest plants