News

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Fri, 28 Jun 2019 10:39:55 GMT

Madame Tussauds owner to be acquired for $7.5B

Merlin, the owner of Madame Tussauds, agreed to be bought by the investment vehicle established by Blackstone and Lego's founding family in a deal valued at %7.5B.

Fri, 28 Jun 2019 09:38:55 GMT

VW's Traton shares plunge after IPO debut

On Friday, Volkswagen-owned truck unit Traton's shares opened at $30.75 following its initial public offering in Frankfurt an Stockholm.

Fri, 28 Jun 2019 08:26:51 GMT

Morgan Stanley plans stake buy in China's securities JV

Morgan Stanley is most likely to receive approval from a regulator to own a 51% majority stake in the China securities joint venture planned in this year's second half, according to Reuters.

Fri, 28 Jun 2019 07:14:31 GMT

Toshiba Memory resume Japanese production plant soon

Toshiba Memory, the world's second-largest producer of the flash memory chips NAND, stated on Friday it would resume production on its plant located in central Japan by mid-July, following a suspension due to a brief power outage in that region.

Fri, 28 Jun 2019 06:16:46 GMT

Apple Music gains over 60M subscribers

On Thursday, Apple confirmed its music streaming service reached more than 60M subscribers, including customers on a free trial, still less than the company's main competitor Spotify Technology, which has 100M premium subscribers.

Fri, 28 Jun 2019 04:53:07 GMT

Japanese carmakers to invest in SoftBank-Toyota venture

Five Japanese carmakers including Mazda Motor and Suzuki Motor are planning to invest 2% each in the autonomous joint venture set up by Toyota Motor and SoftBank, which would retain their 35% stakes in the firn valued at $26.6M.

Fri, 28 Jun 2019 04:36:10 GMT

Apple's Ive to leave later this year

The Apple Design Chief and Steve Jobs' confidant, Jony Ive, is set to leave the company later this year to launch his own independent design firm, sending the tech giant's shares down 1.5% to $197.44 on the news.

Fri, 28 Jun 2019 02:45:11 GMT

Nike misses profit estimates in Q4

Nike's net income declined to $989M in the Q4 ended May 31 from $1.14B in the prior quarter, missing analysts' estimates, as the world's biggest sportswear company spent more on new product launches and marketing.

Fri, 28 Jun 2019 02:33:28 GMT

Japan's factory output above expectations in May

Japan's industrial output grew for a second month in succession, 2.3% in May, above 0.7% growth forecast, suggesting that the rise holds up despite worries that the country's economy remains severely pressured by slower external and domestic demand.

Thu, 27 Jun 2019 19:41:02 GMT

Fed survey reveals equity demand

A survey released on Thursday by the Federal Reserve revealed that a big part of Wall Street institutions have experienced increased equity funding demand.

Thu, 27 Jun 2019 18:00:35 GMT

US stocks edge higher on Thursday

On Thursday, Wall Street edged higher, buoyed by a surge in technology shares. However, the gains were restricted, as traders and investors await the outcome of the US-China trade talks.

Thu, 27 Jun 2019 16:00:52 GMT

Dongfeng and Nissan are in talks to form partnership with Didi

According to sources with knowledge of the matter, Dongfeng Group and Nissan Motor are in talks to form fleet management venture with the ride-hailing and car-sharing services, Didi Chuxing.

Thu, 27 Jun 2019 15:05:06 GMT

Hook says maximum economic pressure on Iran is working

On Thursday, the US special envoy to Iran Brian Hook said that the United States policy of maximum pressure on Iran's economy was working.

Thu, 27 Jun 2019 13:54:36 GMT

Australia is expected to cut interest rates

On Thursday, Reuters published survey results of 40 Australian top bank economists. Almost 70% replied that the Reserve Bank of Australia this year will cut interest rates by 0.75%.

Thu, 27 Jun 2019 11:52:47 GMT

ReAssure IPO is valued at $4.2 billion

Swiss Re announced on Thursday the price for the initial public offering of the shares of the company's UK life assurance business ReAssure from 2.80 to 3.30 pounds. That amounts to a capitalization from $3.55 to $4.19 billion.

Thu, 27 Jun 2019 11:00:17 GMT

Huawei comments on Verizon patent talks

On Thursday, Huawei announced that the company's patent talks with Verizon is common business and that they should not be politicized.

Thu, 27 Jun 2019 10:58:57 GMT

Trump requests cancelation of Indian tariffs

On Thursday, the President of the United States Donald Trump requested India to cancel the retaliatory tariffs that the Indian government imposed this month.

Thu, 27 Jun 2019 09:56:42 GMT

Chinese exporters shift production

Reuters reported on Thursday that Chinese companies are avoiding tariffs by shifting production to various Southeast Asian countries.

Thu, 27 Jun 2019 08:00:13 GMT

FCC opens new investigation into Sinclair Broadcast Group

The US Federal Communications Commission has begun a new investigation into Sinclair Broadcast Group disclosures on failed Tribune deal.

Thu, 27 Jun 2019 07:50:18 GMT

Toyota and SoftBank to add five more Japanese automakers

According to sources with knowledge of the matter, SoftBank Corp and Toyota's self-driving car venture would receive further investment from five Japan' automakers.

Thu, 27 Jun 2019 06:56:01 GMT

Singapore's Central Bank reviewing 2019 growth forecast

The Central Bank of Singapore is reviewing a 1.5%-2.5% economic growth forecast for 2019, as China and the United States trade war hit investments, trade and manufacturing in the city.

Thu, 27 Jun 2019 06:11:28 GMT

Australia's Lynas signs 10-year loan with Japanese backers

Rare earth producer Lynas Corp announced on Thursday that it has secured ten-year better loan terms with Japanese backers.

Thu, 27 Jun 2019 06:09:09 GMT

Democrats propose $4.7 trillion loss deal

On Thursday, energy research company Wood Mackenzie announced that the US Democrat proposed Green New Deal would cost the United States $4.7 trillion.

Thu, 27 Jun 2019 04:54:44 GMT

Macron: no need to lower France's stake in Renault

The President of France Emmanuel Macron stated that there was no necessity for the country's government to lower the stake in Renault, adding that he wanted the alliance of Renault-Nissan to work over strengthening its synergies.

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