News

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Tue, 14 May 2019 06:39:55 GMT

Nexon's parent postpones stake sale bidding

South Korea's gaming firm Nexon parent decided to delay its bidding process planned for this week to sell the majority stake of the company, sending shares down.

Tue, 14 May 2019 06:37:04 GMT

VW renews preparations for truck unit listing

On Monday, Volkswagen announced it was set to resume all preparations for its truck unit Traton's initial public offering, after it had been suspended in March amid volatile market conditions.

Tue, 14 May 2019 04:41:23 GMT

Trump and Xi arrange meeting

It was announced by the US President Donald Trump on Monday that he and his Chinese counterpart President XI Jinping are set to meet next month to negotiate trade.

Tue, 14 May 2019 04:40:55 GMT

Bank of Japan considers further easing

On Tuesday, the Governor of Bank of Japan Haruhiko Kuroda announced that the bank will consider further monetary easing, if consumer prices in Japan would stop their growth.

Tue, 14 May 2019 04:32:17 GMT

Walmart makes move against Amazon

In an effort to compete with Amazon, Walmart has announced that it is introducing one-day free shipping in the US. The announcement comes a couple of weeks after Amazon did the same.

Tue, 14 May 2019 04:31:47 GMT

Australian Dollar and Chinese Yuan gain value

On Tuesday, the Chinese Yuan and the Australian Dollar increased in value against the US Dollar. The event was attributed to the continuation of the decline of the USD due to recently enacted tariffs on the US by China.

Tue, 14 May 2019 03:24:30 GMT

Indonesia's CB to hold rate unchanged

Indonesia's Central Bank is expected to keep the main interest rate unchanged for a sixth policy meeting in succession, as rising US-China trade tensions renewed pressure over the Rupiah, a Reuters poll revealed.

Tue, 14 May 2019 03:21:18 GMT

US to exempt camera parts, water filters from China tariffs

The Trump administration announced that it is set to exempt a range of extra Chinese-made goods from 25% US tariffs, including industrial and water filtering equipment, remote control devices, small electric motors and stereoscopic microscopes.

Mon, 13 May 2019 20:21:40 GMT

Saudi slams attack on tankers

Saudi Arabia slammed on Monday an attack on four oil tankers off the United Arab Emirates coast, saying that two of them belonged to the crown.

Mon, 13 May 2019 20:18:54 GMT

Uber's Khosrowshahi predicts more pressure

The Uber Technologies CEO Dara Khosrowshahi warned on Monday that the company's stock would remain under heavy pressure in the upcoming months amid ongoing doubts over the selected business model.

Mon, 13 May 2019 19:21:53 GMT

Facebook raises salary for US employees

Facebook Inc announced on Monday that it has decided to increase minimum wage for American contractors to $20 per hour amid rapidly rising cost of living.

Mon, 13 May 2019 19:17:50 GMT

US thinks Iran behind tanker attacks

According to American officials close to the matter, the US believes that Iran was the mastermind of recent attacks on tankers off the UAE coast, though there is no evidence to prove that.

Mon, 13 May 2019 18:09:45 GMT

Beiersdorf to acquire Coppertone for $550M

The Nivea products' manufacturer Beiersdorf announced on Monday acquisition of the US brand Coppertone from German Bayer for $550M.

Mon, 13 May 2019 18:07:15 GMT

Kaplan emphasizes role of trade

Robert Kaplan, the President of Dallas Federal Reserve Bank, highlighted on Monday the importance of trade for wellbeing of the US economy and expressed a hope of improvement of relations with China.

Mon, 13 May 2019 14:53:04 GMT

ION acquires majority stake in Acuris

The data provider Dealogic's owner, ION Investment Group, has acquired a controlling stake on Monday in the financial data and news company Acuris in a deal valued at £1.35B, including debt.

Mon, 13 May 2019 14:52:57 GMT

Onex Corp to take WestJet Airlines private

On Monday, Canada's WestJet Airlines announced it would be taken private by the equity group Onex Corp in the all-cash deal worth C$5.0B, including debt, with the WestJet shareholders to receive C$31 for every share held.

Mon, 13 May 2019 14:26:38 GMT

Azul makes new attempt to buy Avianca Brasil assets

On Monday, the Brazilian airline Azul made another bid to acquire some assets of the bankrupt carrier Avianca Brasil, offering $145M, after it had walked away several months earlier.

Mon, 13 May 2019 14:09:55 GMT

UK govt, Labour to revive Brexit talks on Monday

The British government and its opposition Labour Party announced their talks on Brexit would resume on Monday at 1600 GMT, according to the schedule.

Mon, 13 May 2019 13:12:31 GMT

Amazon launches order packing machines

Amazon has released its machines designed to automate the job held by the company's workers: packing customers' orders, seeking to install them at its warehouses that may lead to job cuts of up to 2K employees.

Mon, 13 May 2019 13:02:10 GMT

Impossible Foods attracts $300M in funding round

On Monday, the meatless plant-based burger maker Impossible Foods announced it had raised $300M in its latest funding round right ahead of a potential initial public offering.

Mon, 13 May 2019 11:39:14 GMT

Kenya's CBA, NIC Group gets approval for merger

On Monday, Kenya's Competition Authority granted its approval for a proposed merger deal between NIC Group and Kenya's Commercial Bank of Africa, according to regulator.

Mon, 13 May 2019 11:35:54 GMT

Scania tie up with Northvolt on battery deal

Volkswagen's Scania teamed up with Sweden's Northvolt on the battery supply deal, launching talks about equity investment in Northvolt's efforts to attract €1.5B.

Mon, 13 May 2019 09:55:43 GMT

Tencent game brings in $14 million

Tencent Holdings announced on Monday that its alternative game to PlayerUnknown's Battlegrounds earned the company $14 million during the first 72 hours since its launch.

Mon, 13 May 2019 09:55:18 GMT

Oil prices increase on Monday

During early Monday's trading hours, crude oil prices surged. The move was attributed to supply disruptions in the Middle East.

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