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Global Reports

29 September 04:37 PM OPEC+ likely to keep output rise plans for November
OPEC+ is expected to be committed to an existing deal to raise the oil output by 400,000 bpd in November.
27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug
Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.
22 September 02:41 PM Business software company Freshworks valued at $1.13bn
Business software company Freshworks has priced its US initial public offering (IPO) above the target range to raise $1.03 billion.
21 September 02:43 PM Shell sells Permian assets to ConocoPhillip for $9.5m
Shell Enterprises has entered into an agreement to sell its Permian business to ConocoPhillips.
21 September 12:47 PM US to ease restrictions for vaccinated travellers from 33 countries
20 September 02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids
20 September 01:44 PM Carousell aims to grow business, considers IPO
20 September 01:33 PM Shell to produce sustainable jet fuel at scale by 2025
Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.
20 September 11:09 AM OVHcloud aims to raise EUR 400m through IPO
16 September 11:53 AM 500 Startups closes largest fund-to-date, rebrands to 500 Global
15 September 06:03 PM UK's inflation surges at record rate in August
The UK's inflation rate soared by 3.2% in August, posting the highest increase since the records started in 1997.
15 September 02:27 PM Chevron to invest $10bn in low-carbon projects
15 September 01:25 PM Gold prices ease near $1,800 on taper uncertainty
14 September 01:15 PM Moody's changes outlook for global metals, mining industry to stable
​​​​​​​Mubasher: Moody’s Investors Service has changed its outlook for the global metals and mining market to ‘Stable’ from ‘Positive’.
14 September 12:18 PM Renault, subsidiary acquire stake in heycar Group
​​​​​​​Mubasher: Renault Group and its subsidiary RCI Bank and Services have both acquired equity in Mobility Trader Holding GmbH.
7 September 04:32 PM Deutsche Telekom inks $7bn share swap deal with SoftBank
Mubasher: Germany's Deutsche Telekom has signed a share-swap deal worth $7 billion with SoftBank Group to raise its stake in the US unit T-Mobile. 
30 August 02:33 PM TikTok's owner acquires virtual reality startup
Beijing-based ByteDance, the owner of TikTok, has acquired a startup Pico.
26 August 05:52 PM US raises GDP estimate for Q2
Mubasher: The US economy grew by 6.6% on an annual basis in the second quarter (Q2) of 2020.
26 August 05:17 PM South Korea raises interest rates 0.75%
25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21
Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.
24 August 05:47 PM Germany's economy expands 1.6% in Q2
Mubasher: The German economy grew by 1.6% in the second quarter (Q2) of 2021, slightly better than initial reports of 1.5% in June.
24 August 04:11 PM Samsung sets three-year plan to invest $206bn
Samsung Group has set a three-year plan to invest $206 billion in expanding its businesses.
19 August 01:08 PM Volkswagen likely to cut output amid chip shortage
Volkswagen may need to further reduce its production due to a semiconductor supply shortage.
18 August 05:47 PM BMW secures GBP 26m funding for EV battery
BMW secured GBP 26.2 million funding for a project centred around the development of an electric vehicle battery
18 August 01:55 PM UK's inflation slows down to 2% in July
Mubasher: The UK's inflation slowed down faster than expected in July, Bloomberg reported on Wednesday, citing official data.