News

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Thu, 16 Aug 2018 10:24:13 GMT

Oil prices surge on Thursday

On Thursday, crude oil prices surged, regaining some of the losses, which were suffered during the last two days. The catalyst for the surge was the release of the US Crude Oil Inventories data on Wednesday.

Thu, 16 Aug 2018 09:20:32 GMT

UK regulator orders Disney to offer at least £14 per Sky share

On Thursday, the British Takeover Panel ruled out that Walt Disney would have to offer no less than £14 per share to acquire the UK pay-television company Sky.

Thu, 16 Aug 2018 09:15:48 GMT

Royal London posts 1% rise in operating profit

Royal London, the British biggest pensions, mutual life and investment firm, reported its first half operating profit soared 1% to £187M from £185M a year earlier.

Thu, 16 Aug 2018 08:03:07 GMT

CareTech to acquire rival Cambian in $473M deal

On Thursday, CareTech Holdings, Britain's social care service company, agreed to acquire its rival Cambian Group in a deal worth about $472.66M, as it seeks to boost the firm's child care business.

Thu, 16 Aug 2018 07:56:58 GMT

Uganda calls on MTN Group's unit to list on local SE

Uganda called on a unit of South Africa's telecoms titan MTN Group to list its shares locally as a condition to renew its operating licence.

Thu, 16 Aug 2018 07:08:33 GMT

Lagardere to acquire US airport food firm for $330M

France's Lagardere travel retail agreed to acquire the US airport food group Hojeij Branded Foods in a deal valued at $330M, the company stated on Wednesday.

Thu, 16 Aug 2018 07:07:46 GMT

Best Buy acquiring GreatCall in $800M deal

On Wednesday, Best Buy announced it would acquire the health service company GreatCall in a $800M cash-deal, as it seeks to expand its services and selling products among the aging US population.

Thu, 16 Aug 2018 06:37:36 GMT

Starboard takes 5.8% stake in Symantec Corp

Starboard Value LP, the activist investor, has bought a 5.8% stake in Symantec Corp, seeking to get five seats at the cyber-security firm's board, according to the Wall Street Journal.

Thu, 16 Aug 2018 05:14:26 GMT

US hits China, Russian companies on breach of North Korea sanctions

The US imposed sanctions on Russia's port service agency and China's firms for aiding to ships of North Korea and selling tobacco and alcohol to Pyongyang in a breach of the US sanctions.

Thu, 16 Aug 2018 05:14:10 GMT

Cisco's software bid fuels quarterly results, strong forecast

Cisco Systems topped Wall Street forecasts for quarterly profit and revenue and forecast Q1 sales above targets, as the company's transition to a software-focused firm gained traction.

Thu, 16 Aug 2018 04:17:52 GMT

China's GCL to make electric vehicle move

China's major solar equipment producer GCL was planning to enter the electric vehicle sector, in a bid to make use of the company's expertise in energy to get a competitive advantage in the crowded industry.

Thu, 16 Aug 2018 04:14:20 GMT

US, China to hold next round of talks later this month

China stated that a delegation is set to attend the new round of trade negotiations with the US counterparts in Washington in lat August, in the latest attempt to defuse a conflict.

Thu, 16 Aug 2018 03:30:50 GMT

China accepts $11.2B in investment projects

The Chinese state planner stated on Thursday that it approved 17 projects related to fixed-asset investments in the month of July, with a total worth of $11.24B.

Thu, 16 Aug 2018 03:26:30 GMT

Lenovo swings to profit in Q1

China's PC maker Lenovo swung to a profit of $77M and beat forecasts in the Q1, helped by a solid increase in revenue, compared with a $72.3M loss in the same period year ago.

Thu, 16 Aug 2018 02:33:04 GMT

Tencent shares plunge on profit fall

Shares of China's tech giant Tencent Holdings dropped, as it reported the first quarterly profit decrease in almost 13 years, adding that it was unsure about getting China's approval for the company's most popular game.

Thu, 16 Aug 2018 02:28:51 GMT

Japan's export growth weakens on US-bound shipments drop

The Japanese export growth weakened more than anticipated in Jul,y as shipments to the US fell for a second month in succession, with a sharp decrease in the automotive sector.

Wed, 15 Aug 2018 19:54:08 GMT

Berkshire Hathaway lifts its stake in Apple

Berkshire Hathaway confirmed on Tuesday it had expanded its large bet on Apple to nearly 252M shares worth about $47B, up 5% from 239.6M shares three months earlier.

Wed, 15 Aug 2018 19:52:57 GMT

Ex-Paraguay's senator Benitez becomes new President

On Wednesday, Mario Abdo Benitez, the Paraguay former senator, took the office as the country's new President, promising to fight corruption and cut poverty, after winning April's national elections.

Wed, 15 Aug 2018 19:04:51 GMT

Berkshire boosts investments in Teva Pharma, Goldman

Berkshire Hathaway bolstered its investments in Israeli Teva Pharmaceutical Industries and Goldman Sachs Group in the second quarter, the company announced on Tuesday.

Wed, 15 Aug 2018 18:59:28 GMT

Diamondback's shares plunge amid takeover deal for Energen

On Wednesday, Diamondback Energy's shares dropped 10%, after it had announced an all-stock takeover deal worth $9.2B for its shale rival Energen.

Wed, 15 Aug 2018 18:30:54 GMT

Infosys to establish software development centre in India

Infosys, India's information technology firm, is set to build a software development centre in the country's West Bengal eastern state, investing about $14.28M.

Wed, 15 Aug 2018 18:18:39 GMT

Glencore-Qatar JV values Rosneft stake at €7.4B

Glencore and Qatar Investment Authority's joint venture QHG Oil Ventures valued its 14.2% Rosneft stake at €7.4B, the JV's financial stated showed.

Wed, 15 Aug 2018 17:31:24 GMT

VW's Electricity America seeks to broaden awareness of EV

Volkswagen's unit Electricity America is planning to launch an advertising campaign in collaboration with the US cultural cartoon icons the Jetsons and Flintstones, as it seeks to broaden their consumer awareness of electric cars.

Wed, 15 Aug 2018 16:40:04 GMT

Turkey imposes double tariffs on some US goods

On Wednesday, the authorities of Turkey imposed double tariffs on some imports from the US, including cars, alcohol and tobacco in retaliation to the move of Washington.

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