Nasdaq Commodities
Poshmark valued at over $7 bln in blockbuster Nasdaq debut
Shares of Poshmark Inc soared more than 130% in their stock market debut on Thursday, valuing the online fashion marketplace at $7.15 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic.
Fashion marketplace Poshmark's stock more than doubles in Nasdaq debut
Shares of Poshmark Inc soared
more than 130% in their stock market debut on Thursday, valuing
the online fashion marketplace at $7.15 billion, highlighting
investor optimism for online shopping that has surged during the
COVID-19 pandemic.
(Reporting by Noor Zainab Hussain in Bengaluru;
Editing by Vinay Dwivedi)
((noor.hussain@thomsonreuters.com; Within U.S. +1 646 223 8780;
Outside U.S. +91 80 6182 2663 or +91 80 3796 2663 ;))
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ThoughtWorks raises $720 mln from Siemens, GIC, other investors
Software consultancy company ThoughtWorks said on Thursday it raised $720 million from investors including GIC and Siemens AG at an enterprise value of $4.6 billion.
U.S. adds CNOOC to black list, saying it helps China intimidate neighbors
The U.S. Commerce Department said Thursday it added Chinese National Overseas Oil Corporation to a U.S. economic blacklist, saying it had helped China intimidate neighbors in the South China Sea.
Coffee sales in Brazil at 78% of 2020 crop, says consultancy
Coffee growers in top producer Brazil sold 78% of the 2020 crop so far, a bit ahead of the 77% seen at this time last year and also ahead of a 5-year average of 74% for the period, consultancy Safras & Mercado said in a report on Thursday.
BUZZ-U.S. STOCKS ON THE MOVE-China tech giants, NantKwest, Chembio Diagnostics, Delta Air Lines
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US"
Crude Steadies as Traders Consolidate Recent Gains
Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.
REUTERS NEXT-India's Tata puts post-pandemic bet on digital, electronics and health
India's Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate's chairman said on Thursday.
Delta calls 2021 year of recovery after first loss in 11 years
Delta Air Lines CEO Ed Bastian expects 2021 to be "the year of recovery" after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years.
Emirates to temporarily suspends flights to South Africa
Dubai-based airline Emirates said on Thursday it would temporarily suspend all flights to and from South Africa from Saturday due to operational reasons, without elaborating.
Aphria posts quarterly profit on cannabis demand during lockdown
Canada's Aphria Inc posted a quarterly adjusted profit on Thursday compared to year-ago loss, as demand for cannabis and related products surged during the cornavirus-induced lockdowns.
Delta calls 2021 year of recovery after first loss in 11 years
Delta Air Lines CEO Ed Bastian expects 2021 to be "the year of recovery" after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years.
Aphria posts quarterly profit on cannabis demand during lockdown
Canada's Aphria Inc on Thursday posted quarterly adjusted profit compared to year-ago loss, as demand for cannabis and related products surged during the cornavirus-induced lockdowns.
EXCLUSIVE-AirAsia X shows court creditors' support for restructuring plan
Most of AirAsia X Bhd's (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show.
Land of wine and honey? Israeli settlers export to UAE, to Palestinian chagrin
Wine produced in an Israeli settlement in the occupied West Bank and labelled "from the land of Israel" will soon be available for sale in the United Arab Emirates, settler business leaders said.
Airlines face more turbulence before vaccine relief
For a year expected to mark a turning point for pandemic-stricken European airlines, 2021 is off to a rough start.
AirAsia X shows court creditors' support for restructuring plan
Most of AirAsia X Bhd (AAX)'s lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show.
Singapore Airlines lands US dollar debut successfully
Singapore Airlines made a successful debut in the US dollar bond market, achieving tight pricing even though it is operating at a fraction of its pre-pandemic capacity.
EXCLUSIVE-AirAsia X shows court creditors' support for restructuring plan
Most of AirAsia X Bhd (AAX)'s lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show.
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