News

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Tue, 14 Jan 2020 15:46:50 GMT

Visa to acquire fintech startup Plaid for $5.3B

Visa Inc agreed to acquire Plaid Inc, the privately-owned software start-up, in a deal worth $5.3B that will expand access of the payments giant to the rapid-growing financial technology space.

Tue, 14 Jan 2020 14:55:30 GMT

Brookfield Renewable makes buyout offer for TerraForm

Brookfield Renewable Partners offered to acquire a 38% stake of TerraForm Power Inc, potentially valuing the electricity firm at $3.93B, as Brookfield seeks to expand its power portfolio.

Tue, 14 Jan 2020 13:06:43 GMT

Brazil's Vale seeks to raise stake in power generation firm

The Brazilian miner Vale has entered talks to raise its stake in the energy generation joint venture, Aliança Energia, set up with Companhia Energética de Minas Gerais in 2015, Valor Econômico reported on Tuesday.

Tue, 14 Jan 2020 12:10:50 GMT

Lyft establishes advisory council over platform safety

Lyft is forming a council of advisory experts, as the ride-hailing firm needs consultation on its platform safety, used by drivers and riders, the company announced in its blog post published on Tuesday.

Tue, 14 Jan 2020 11:28:46 GMT

HK regulator lifts ban on UBS' IPO sponsorship

Hong Kong's markets regulator has ended UBS's ban on the initial public offerings sponsorship two months before the due date, following a review of the lender's enhanced governance processes, Reuters reported.

Tue, 14 Jan 2020 10:39:34 GMT

Vivendi calls on Dutch court to ban Mediaset merger plan

Vivendi urged a Holland court to block the merger deal between Mediaset TV and its Spanish division into a Dutch vehicle, Italy's broadcaster stated.

Tue, 14 Jan 2020 09:00:22 GMT

UK's Johnson calls on Huawei critics to offer alternatives

Britain's Prime Minister Boris Johnson called on Huawei critics to suggest other alternative technology that might be used in the British new 5G networks instead of the Chinese tech giant's equipment.

Tue, 14 Jan 2020 07:45:05 GMT

Vietnam's Vingroup cancels plan to trigger airline

Vingroup JSC, Vietnam's largest conglomerate, announced on Tuesday it decided to cancel its plan for an airline launch, as it sought to focus on industrial production and technology development instead.

Tue, 14 Jan 2020 07:39:16 GMT

Renault-Nissan alliance in no danger to be dissolved

The French carmaker Renault and its Japanese partner Nissan stated their alliance was not headed for a break-up, denying a report by media of a potential dissolution that sent the alliance's shares down to their record-lows.

Tue, 14 Jan 2020 05:51:47 GMT

Visa agrees to buy software startup Plaid

Visa Inc has agreed to buy financial technology startup Plaid Inc for $5.3 billion deal. The company announced on Monday.

Tue, 14 Jan 2020 05:01:20 GMT

Japanese Yen declines on Tuesday

The Japanese Yen declined to an eight-month low against the US Dollar on Tuesday, after the US changed its decision to label China as a currency manipulator.

Tue, 14 Jan 2020 04:01:21 GMT

Johnson visits Northern Ireland

On Monday, UK's PM Boris Johnson met with First Minister Arlene Foster of the DUP, and her deputy, Michelle O'Neill to mark the revival of devolved government in the province for the first time in 3 years.

Tue, 14 Jan 2020 03:18:20 GMT

Iran is unlikely to block the Strait of Hormuz

According to analysts on Monday, Iran is unlikely to close the Strait of Hormuz over the killing of the Iranian top military commander Qassem Soleimani.

Mon, 13 Jan 2020 20:51:20 GMT

Ford's China sales fall 26%

Ford Motor's vehicle sales in China declined 26.1% for a third year, falling for a third year in a row, while it battled prolonged overall sales decrease in the second-biggest market.

Mon, 13 Jan 2020 19:45:39 GMT

Maersk to boost land transportation activities

Maersk announced plans to concentrate on premium services, including cold storage, to avoid competing with freight-forwarding clients, while expanding its land transportation business.

Mon, 13 Jan 2020 18:59:04 GMT

Thyssenkrupp intensify efforts to sell Industrial Solutions

The German conglomerate Thyssenkrupp has stepped up its efforts to sell the Industrial Solutions unit, the construction company that builds industrial sites and plants, according to the Financial Times report.

Mon, 13 Jan 2020 17:56:17 GMT

Renault shares drop on worries about Nissan alliance

On Monday, Renault shares reached their six-year low as shareholders are worried the French carmaker's cost-sharing alliance with the Japanese car manufacturer Nissan might break up without its ex-CEO Carlos Ghosn.

Mon, 13 Jan 2020 16:47:59 GMT

Peugeot family seeks raising PSA-FCA stake

The Peugeot family, the owner of 6.2% stake in the PSA-Fiat Chrysler tie-up, is seeking to raise its holding in the nearest time by up to 2.5%, a representative stated in an interview.

Mon, 13 Jan 2020 15:51:54 GMT

Ford Motor's China car sales fall 26%

Ford Motor's vehicle sales in China plunged by 26.1% for the third year in succession, as the carmaker struggles with an overall sales decline in the Chinese market that had hit demand for Ford's mass-market brand and SUVs.

Mon, 13 Jan 2020 15:39:40 GMT

World stock markets hover close to record levels

On Monday, global stock markets were hovering near their record levels right ahead of the Phase 1 US-China trade deal that is expected to be signed in the nearest time, according to Reuters.

Mon, 13 Jan 2020 13:53:36 GMT

New Boeing CEO takes over amid 737 MAX crisis

David Calhoun, the new Boeing CEO, has taken over his duties on Monday, as the US planemaker struggles to recover after fatal crashes involving its 737 MAX aircraft that claimed lives of 346 people and triggered the jet's worldwide grounding.

Mon, 13 Jan 2020 13:39:49 GMT

Queen Elizabeth to meet Prince Harry over family crisis

On Monday, Queen Elizabeth together with her heirs is set for a meeting with Prince Harry to thrash out the plan for the grandson and his wife Meghan after the couple announced they would step back from their royal duties.

Mon, 13 Jan 2020 11:40:21 GMT

UK carrier Flybe seeks survival via financing

The regional British carrier Flybe is seeking survival and the UK government has been called upon for financing talks to prevent another airline failure in recent months, media reported on Monday.

Mon, 13 Jan 2020 10:53:28 GMT

US officials to visit UK over Huawei 5G role

On Monday, US officials are set to visit Britain, seeking to persuade the country not to use the Huawei equipment in its 5G telecoms network's upgrade, Reuters reported.

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