News

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Tue, 14 Aug 2018 02:58:18 GMT

Australian business conditions ease modestly in July

An index of Australia's business conditions eased slightly in July, though remained at levels compatible with strong activity. In the meantime, hiring intentions revealed a welcome bounce.

Tue, 14 Aug 2018 02:38:58 GMT

Foxconn results miss forecasts in Q2 before product launches

Taiwan's Foxconn, the top contract electronics producer and an Apple supplier, posted unexpectedly low quarterly net profit, expanding a downmove to the consecutive second quarter.

Tue, 14 Aug 2018 02:37:08 GMT

Hon Hai shares fall 1.9% on weak Q2 results

Shares of Hon Hai, the company based in Taiwan, fell 1.9% on Tuesday after the firm's results for the second quarter missed analyst estimates.

Mon, 13 Aug 2018 20:01:45 GMT

Emerging market currencies and Euro sinks on Turkish economic crisis

The Turkish economic woes sent the Euro to its lowest level in more than one year and hammered emerging market currencies.

Mon, 13 Aug 2018 19:59:47 GMT

Dow, S&P 500 edges lower, as Turkish turmoil continues

The Dow and the S&P 500 industrials declined on Monday, as global exposure of market worries arising from weak Turkey's currency spread to Wall Street.

Mon, 13 Aug 2018 19:08:17 GMT

Musk's talking to Saudi fund about buyout financing

On Monday, CEO Elon Musk said he has been discussing with Saudi Arabia's wealth fund and other likely backers about his plan to take the company private.

Mon, 13 Aug 2018 19:06:42 GMT

Peter Strzok is fired from FBI over Anti-Trump texts

On Monday, the FBI announced the firing of Peter Strzok. The agent, who sent text messages disparaging Donald Trump during the 2016 Presidential campaign.

Mon, 13 Aug 2018 18:24:24 GMT

Oil declines by 2%, as Crude inventories dwindle at Cushing

Oil prices fell lower on Monday after data showed crude inventories at the US delivery hub increased in the current week. Meanwhile, Crude stockpiles at Cushing have been declining.

Mon, 13 Aug 2018 18:18:43 GMT

Russian Rouble hits two-year low

The Russian Rouble reached a two-year low level against the US Dollar on Monday, as pressured from emerging market weighed heavily on the currency.

Mon, 13 Aug 2018 17:09:32 GMT

European shares fall to three weeks low

Turkey's turmoil continued to rattle global markets on Monday, as banks exposure to Turkish currency dragged European stocks lower.

Mon, 13 Aug 2018 17:08:00 GMT

Turkish Lira pauses decline

On Monday, Turkish Lira reversed from its lowest level of 7.24 against the US Dollar, after Turkey's Central Bank promised to provide liquidity.

Mon, 13 Aug 2018 14:55:38 GMT

China new loans better than expected in July

China's banks extended $210.69B in net new loans over the month of July, as a increasing trade battle with the US threatened to pile additional pressure on the slower economic growth.

Mon, 13 Aug 2018 14:50:44 GMT

Saudis cut oil production, as OPEC points to surplus next year

OPEC expected lower demand for crude in 2019, as rivals pumped more, and stated that top oil exporter Saudis cut its production, eager to avoid a oversupply return.

Mon, 13 Aug 2018 14:38:52 GMT

Music labels group Impala calls on EU to ban Sony's bid for EMI

Impala, the independent music labels company, urged the European antitrust regulator to halt Sony's $2.3B bid for the EMI control, seeking to become the biggest music publisher in the world, as Impala sees too much power on the market.

Mon, 13 Aug 2018 14:32:25 GMT

Netflix CFO Wells to leave video streaming company

On Monday, the video streaming company Netflix announced that David Wells, its Chief Financial Officer, would step down after being eight years at this position.

Mon, 13 Aug 2018 13:38:45 GMT

Ensign to acquire Trinidad Drilling for C$947M

Ensign Energy Services, Canada's oilfield services provider, announced about its plans on Monday to acquire Trinidad Drilling in a deal worth C$947M including debt.

Mon, 13 Aug 2018 13:36:25 GMT

Brazilian Congress to be consulted on Embraer-Boeing deal

The Brazilian Congress should be weigh in on the US planemaker Boeing's plan to acquire Embraer's commercial jet unit, Brazilian lower house's speaker stated on Monday.

Mon, 13 Aug 2018 11:37:54 GMT

Sport Direct fails to convince analysts over House of Fraser buy

On Monday, Sport Direct's purchase of House of Fraser failed to convince analysts, with some of them saying the takeover deal could backfire on the sportswear retailer's CEO Mike Ashley.

Mon, 13 Aug 2018 11:34:40 GMT

British esure in discussion with Bain Capital over £1.17B offer

Britain's insurer esure is in talks with Bain Capital over a potential bid valuing the firm at £1.17B, sending its shares up 30% on Monday.

Mon, 13 Aug 2018 09:39:02 GMT

Two China's EV hailing platforms in $730M push to fuel growth

Two Chinese EV sharing platforms are seeking for external funding totalling $730M to fuel the growth, sources reported on Monday.

Mon, 13 Aug 2018 09:33:50 GMT

Japan's Don Quijote raises interest in Walmart's Seiyu

Don Quijote Holdings, Japan's discount retailer, announced it was interested in acquiring Walmart's Seiyu, if it put its supermarket chain on a sale.

Mon, 13 Aug 2018 08:21:32 GMT

Bayer shares drop as jury orders Monsanto to pay damages

Bayer's shares fell almost 10% to the lowest level in two years on Monday, as California's jury had ordered Monsanto to pay $289M in damages the previous week.

Mon, 13 Aug 2018 08:20:39 GMT

Innogy plans stake sale in $2.6B wind project

On Monday, Germany's energy group Innogy stated it would sell a 41% stake in Triton Knoll, its $2.6B worth offshore wind farm, to the Japanese firms Kansai Electric Power and Electric Power Development.

Mon, 13 Aug 2018 07:20:14 GMT

APA calls on shareholders to vote for CKI takeover bid

Australia's APA Group board called on the shareholders to vote for the $9.45B takeover bid from the Hong Kong consortium CK Infrastructure Holdings in late November.

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