News

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Fri, 10 Jan 2020 20:54:50 GMT

Growing demand for SUVs could offset benefits from EV

Growing demand for SUVs in the US, China, Europe and Asia prompted record sales for automakers in 2019, including Mercedes and BMW, leaving the carmakers on a colliding path with climate policy.

Fri, 10 Jan 2020 19:59:16 GMT

Takeaway.com wins battle for Britain's Just Eat

Takeaway.com announced on Friday that 80.4% of Britain's Just Eat shareholders had agreed to its all-share offer.

Fri, 10 Jan 2020 18:58:35 GMT

Brazil's Caixa Economica plans to sell more stakes

On Friday, Pedro Guimaraes, the CEO of Caixa Economica Federal, said that the firm plans to sell further stakes in companies like Alupar Investimento, BRK Ambiental and VLI Logistica.

Fri, 10 Jan 2020 18:01:11 GMT

Temasek, Brookfield team up to bid for Thyssenkrupp elevator

According to two people with knowledge of the matter, Temasek Holdings and Brookfield Asset Management have teamed up to bid for Thyssenkrupp's elevator division.

Fri, 10 Jan 2020 17:10:39 GMT

SK Innovation to expand in US, Hungary

SK Innovation Co announced plans to build its second EV battery factory in the US and considered expanding factory in Hungary to meet demand for EV cells.

Fri, 10 Jan 2020 15:42:55 GMT

BMW sells 2.52M vehicles in 2019

BMW stated that it sold 2.52M BMW, Rolls-Royce and Mini cars last year, becoming the best-selling vehicle group ahead of Daimler.

Fri, 10 Jan 2020 15:12:12 GMT

China's Ucommune finds lender for its IPO

Ucommune, Chian's shared workspace provider, has found a little-known US investment lender for its planned initial public offering, as Citigroup and Credit Suisse rejected an offer to underwrite it.

Fri, 10 Jan 2020 14:24:20 GMT

Jaguar Land Rover's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 12:41:37 GMT

China's Ctrip explores Hong Kong listing

Ctrip, the US-listed online travel group, has entered talks with banks over a potential secondary Hong Kong listing, planning to follow Alibaba Group in establishing a base of investors closer to China.

Fri, 10 Jan 2020 12:16:51 GMT

JLR's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 10:46:27 GMT

Oil prices decline

During Friday's European morning trading hours, crude oil price benchmarks declined down to the $65 mark. The decline was caused by higher than forecast amassing of US oil inventories.

Fri, 10 Jan 2020 09:24:33 GMT

Trump sees China trade deal to be signed after Jan. 15

The US President Donald Trump stated on Friday that the Chinese trade deal's Phase 1 should be signed shortly after January 15.

Fri, 10 Jan 2020 08:00:45 GMT

EU reopens inquiry into Boeing-Embraer deal

The EU antitrust regulators resumed their probe into Boeing's deal to acquire Embraer's commercial arm, setting a new deadline of April 30 for the final decision to be made.

Fri, 10 Jan 2020 06:41:12 GMT

Voya Financial considers sale to insurance firms

Voya Financial considers selling itself to insurance groups in a potential deal that could bring the value of the US insurance and retirement plan provider to $10B or more, according to Financial Times.

Fri, 10 Jan 2020 05:43:10 GMT

IKEA enters UK with London mall acquisition

The shopping centre business of IKEA is spending £170M to acquire and upgrade a mall in London in its first round of entering Britain, planning to win hearts of a nation by doing the shopping online.

Fri, 10 Jan 2020 04:43:14 GMT

Takeaway shareholders accepts Just Eat purchase

Takeaway.com, the Dutch food ordering firm, announced that its shareholders had granted their approval for the proposed £5.9B acquisition of the UK peer Just Eat during the shareholder meeting held in Amsterdam.

Fri, 10 Jan 2020 03:46:24 GMT

FAB launches auction of Dubai Shangri-La hotel

First Abu Dhabi Bank has launched the auction process for the construction group Al Jaber's Dubai Shangri-La hotel with an initial price of $190.59M, Reuters reported.

Fri, 10 Jan 2020 03:37:25 GMT

Royal Dutch Shell to sell its Anacortes oil refinery

Royal Dutch Shell is looking for a buyer for its oil refinery located in Anacortes, Washington, as Shell seeks to reduce its North American refining operations to expand factories on the US Gulf Coast.

Thu, 09 Jan 2020 20:42:18 GMT

US tariffs cost American firms $46B since February 2018

According to data, released by the US Commerce Department, the overall tariffs, imposed by the US President Donald Trump, cost American firms $46B since February 2018.

Thu, 09 Jan 2020 19:57:06 GMT

Airbus to increase production of A320-family jets

Airbus announced on Thursday that it would increase the production of A320 single-aisle jets to seven per month by the beginning of next year.

Thu, 09 Jan 2020 18:58:01 GMT

Japanese Yen falls to two-week low

The Japanese yen, seen as a safe-haven currency, declined to a two-week low against the US Dollar after Iran's missile strike.

Thu, 09 Jan 2020 17:59:47 GMT

US stocks hit record highs

On Thursday, Wall Street's major indexes hit record levels, as the Middle East nerves eased. The Dow Jones Industrial Average was up by 182.22 points at 11:29 a.m. ET.

Thu, 09 Jan 2020 16:42:39 GMT

World food prices keep surging

The FAO Food Price Index measuring changes for a product basket price jumped to the five-year high of an average 181.7 points, rising 2.5% from the prior month.

Thu, 09 Jan 2020 16:13:58 GMT

Canada's housing starts decline surprisingly

Canada's housing starts unexpectedly declined 3% to 197K units in December, as groundbreaking fell on multi-family homes.

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