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News for nerds

Cryptocurrency Update: Bitcoin Price Today Down by 22%, Ether, Cardano, Others in Red

Bitcoin prices fell drastically on Saturday, December 4, amid Christmas risk-off taking cue from the global stock markets, which remained volatile for the same reason. The global cryptocurrency markets on

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UBS in talks with China Life for China asset management JV

UBS Group AG (UBSG.S) is in talks with China Life Insurance Group to launch an asset management joint venture in China, two sources said, as part of the Swiss bank’s

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Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network

Daimler Truck (DTGGe.DE), Traton (8TRA.DE) and Volvo (VOLVb.ST) have signed off plans announced in July for a joint venture to set up a high-performance electric charging network for trucks and

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Toshiba says it will rectify over-reliance on government

Toshiba Corp (6502.T) on Thursday pledged to rectify its over-reliance on administrative authorities after an investigation found it had colluded with the Japan’s trade ministry to pressure overseas shareholders. A

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Cash-flush Novartis launches new share buyback of up to $15 bln

Novartis AG (NOVN.S)is launching a new share buyback worth up to $15 billion to be executed by the end of 2023, it said on Thursday, adding it was confident in

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Vontobel acquires UBS SFA business with 7.2 bln Sfr in assets

Swiss bank Vontobel said on Thursday it signed an agreement to purchase UBS Swiss Financial Advisers AG (SFA), a Zurich-based subsidiary of UBS AG (UBSG.S), to boost its wealth management

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About half of U.S. oil pipeline space is empty after boom time building spree

About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas. Overall U.S. pipeline capacity utilization is

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