News

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Thu, 07 Jun 2018 05:10:52 GMT

Twitter to offer $1B convertible note

Twitter was preparing a $1B convertible note offering, one day after reports that it is likely to be included in the S&P 500 index fuelled 5% increase in shares to a more than three-year high.

Thu, 07 Jun 2018 04:34:52 GMT

France to Trump: unlikely to sign G7 statement

France joined Germany to warn the US President Donald Trump that the country will not sign the G7 joint statement at the summit in Quebec this week, France's official stated.

Thu, 07 Jun 2018 04:31:29 GMT

Top Russian, US military officers to meet on Friday

Joseph Dunford Jr., the top US military officer, is expected to meet Valery Gerasimov, the Russian counterpart, in Helsinki this Friday, Finland's defence forces stated in a statement.

Thu, 07 Jun 2018 03:34:46 GMT

Ichan purchases stake in Allergan

Billionaire investor Carl Icahn bought a stake in Allergan, while the company was under pressure from other shareholders, sources familiar with the matter stated.

Thu, 07 Jun 2018 03:30:14 GMT

SolidX, Van Eck plan to launch bitcoin-linked ETF

Blockchain firm SolidX Partners and manager of assets Van Eck Securities announced plans to launch an investment product linked to bitcoin that would be traded as a stock.

Thu, 07 Jun 2018 02:37:52 GMT

China accepts domestic fundraising for firms listed overseas

China adopted new regulations governing the securities issuance that is likely to allow the domestic flotation of innovators listed overseas, the country's Securities Regulatory Commission stated.

Thu, 07 Jun 2018 02:34:47 GMT

Australian trade surplus falls more than anticipated in April

The Australian Bureau of Statistics stated that the country's trade surplus shrunk to A$977M in April from the surplus of A$1527M, missing forecasts for a surplus of A$1000M.

Wed, 06 Jun 2018 19:42:11 GMT

Deutsche Bank will cut one billion euros in costs

The investment banking arm of Deutsche Bank is set to cut costs by nearly one billion Euros, the bank's CFO announced on Wednesday.

Wed, 06 Jun 2018 19:41:58 GMT

VW expects delays in production

Volkswagen representatives announced on Wednesday that, due to new testing rules, the company's car production will experience bottlenecks.

Wed, 06 Jun 2018 18:47:46 GMT

Opponents to new US oil pipeline prepare for last push

Opponents to the updated Enbridge Canada-US oil pipeline have been reportedly preparing for a last effort to convince the Public Utilities Commission of Minnesota to stop the project.

Wed, 06 Jun 2018 18:46:23 GMT

Tesla stock is praised for tech surge

As Nasdaq tech index was in its fourth consecutive session of gains, Tesla stock as being praised as the main mover of the index.

Wed, 06 Jun 2018 17:56:26 GMT

CFO of Fitbit quits and joins new start-up

The Chief Financial Officer of Fitbit has quit to join an autonomous vehicle start up. The company's stock dropped 6.8% on the news.

Wed, 06 Jun 2018 17:56:11 GMT

ECB boosts Euro by commenting on end of stimulus

The common European currency rose to a two-week high level on Wednesday due to ECB officials commenting that its stimulus program might get decreased.

Wed, 06 Jun 2018 16:55:41 GMT

EIB won't ignore US sanctions on Iran

On Wednesday, the European Investment Bank announced that it can't ignore the potential sanctions that the US is set to put on Iran.

Wed, 06 Jun 2018 16:54:59 GMT

Head of Athenahealth steps down

The Chief Executive Officer of Athenahealth Jonathan Bush left the company, on Wednesday. Moreover, the company announced that it might be up for sale.

Wed, 06 Jun 2018 15:51:08 GMT

Israeli government will invest in transportation start-ups

It was announced on Wednesday that the government of Israel will invest 30 million Israeli Shekels into transportation technology start-ups.

Wed, 06 Jun 2018 15:50:49 GMT

Italian government will review banking reform

The new government of Italy is set to review the shake-up of mutual and co-op banks, which was conducted by the previous government.

Wed, 06 Jun 2018 15:06:08 GMT

Tech stocks start Wednesday's trading mixed

After the recent surge of tech stocks, the sector started Wednesday's trading session mixed mainly due to the decline of Facebook shares.

Wed, 06 Jun 2018 15:05:36 GMT

US lawmakers pressure Facebook

Two key lawmakers of the United States on Wednesday pressured Facebook about not being transparent enough over sharing data with Chinese companies.

Wed, 06 Jun 2018 14:37:19 GMT

Cainiao venture to make $1.53B investment in HK logistics hub

Alibaba Group Holding's Cainiao joint venture is set to make an investment worth $1.53B in Hong Kong's new logistics centre, seeking to expand the company's global delivery network.

Wed, 06 Jun 2018 14:30:42 GMT

Mirvac Group acquires 50% stake in Blackstone fund's Sydney property

Australia's property developer and landlord Mirvac Group announced on Wednesday it would acquire a 50% stake from Blackstone Group's LP-managed fund in its Sydney property.

Wed, 06 Jun 2018 13:37:23 GMT

Uniper CEO seeks to keep group independent amid Fortum deal

Uniper's CEO Klaus Schaefer stated on Wednesday he would try to maintain his energy firm independent, a few weeks ahead of its rival Fortum to take the majority stake in the group.

Wed, 06 Jun 2018 13:31:30 GMT

Air China clinches deal with Air Canada to expand cooperation

On Wednesday, Air China and Air Canada have established a joint venture to expand their cooperation that would significantly raise Air Canada's presence in China's market, making it the largest by 2022.

Wed, 06 Jun 2018 12:38:14 GMT

Devon Energy sells EnLink Midstream's interests

On Wednesday, Devon Energy, the oil and gas producer, stated it would be selling the interests in EnLink Midstream to Global Infrastructure Partners in an all-cash deal worth $3.13B.

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