News & Analytic Centre

Hitachi to Buy U.S. Software Developer GlobalLogic for 9.6B

Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for 9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services. The acquisition is part of Hitachis ongoing business portfolio overhaul, which includes the 7 billion acquisition of ABB Ltds power grid business last year and […]
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UK Economy Grew by StrongerthanExpected 1.3 in Q4

Britains coronavirushammered economy grew more quickly than previously thought in the final three months of 2020, official data showed on Wednesday. Gross domestic product increased by 1.3 between October and December last year from the previous threemonth period, compared with an earlier estimate of 1.0 growth, the Office for National Statistics said Economists polled by […]
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Japan Stocks End Lower as Archegos woes Rattle Financials

Japanese stocks fell on Wednesday as investors sold financial shares due to growing uncertainty over the fallout from the margin calls that brought down New Yorkbased hedge fund Archegos Capital. The Nikkei 225 Index ended 0.86 lower at 29,178.80, while the broader Topix dropped 1.21 to 1,954.00. Mitsubishi UFJ Financial Group Inc fell 3.87. The […]
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