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Swedish Battery Maker Northvolt Buys U.S. Startup Cuberg

Swedish lithiumion battery maker Northvolt said on Wednesday it had bought U.S. startup Cuberg to get access to technology that would boost the range of electric vehicles that can use its batteries. Cuberg, spun out of Stanford University in 2015, has created battery cells that deliver increased range and capacity by 60 versus comparable lithiumion […]
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Credit Suisse Employees Step Aside after Greensill Collapse

The head of Credit Suisses European asset management division and two other employees who worked on the banks Greensill Capital supplychain finance funds have temporarily stepped aside, according to an internal bank memo. Credit Suisse froze 10 billion worth of funds last week that invested in securities created by the specialty finance firm. Greensill Capital […]
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Russia and China Look to Deepen Ties this Time, on Moon

Russia and China are making plans to further their geopolitical relationship, this time in space with the building of a new lunar station. The countries space agencies, Russias Roscosmos and Chinas National Space Administration, signed Tuesday a memorandum of understanding on behalf of their respective governments signaling their commitment to create a new lunar space […]
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Just Eat Takeaway.com sees Growth even as Pandemic Eases

Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID19 pandemic helped it meet expectations for fullyear 2020 earnings, the online foodordering and delivery company said on Wednesday. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival Deliveroo for a […]
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Adidas, Telecoms Help European Stocks Eke out Gains

Europes main index hovered near prepandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors. The panEuropean STOXX 600 index edged 0.2 higher after a rally in technology stocks on Tuesday pushed the benchmark to its highest […]
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CHF JPY Up on Reversal Day, CAD Down on Lower Oil

Rates as of 0500 GMT Market Recap Hah! All the graphs I showed yesterday morning about the stock market went in the opposite direction Tuesday as the tech stocks came roaring back. The NYSE FANG index of 10 of the biggest tech stocks Amazon, Apple, Facebook, Tesla etc. was up a whopping 6.4 in one […]
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Indian Shares End Higher for Third Straight Day

Indian shares notched their third straight session of gains on Wednesday, lifted by Infosys and other heavyweight information technology names, while auto stocks snapped a losing streak. The bluechip NSE Nifty 50 index added 0.51 to close at 15,174.80, while the benchmark SP BSE Sensex advanced 0.50 to end at 51,279.51. The Nifty and Sensex […]
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