News

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Wed, 01 Aug 2018 02:57:07 GMT

Davon Energy profit below estimates as oil, costs hedges weigh

Devon Energy, the US oil producer, missed Wall Street estimates for the company's quarterly profit, as the misplaced bet on the oil prices' direction offset higher oil production, while expenses grew.

Wed, 01 Aug 2018 02:52:12 GMT

South Korea factory activity shrinks for fifth month

Factory activity in South Korea shrunk for a fifth month in succession in July, showing the worst drop since November 2016, as both output and new orders contracted, a private survey revealed.

Wed, 01 Aug 2018 02:32:30 GMT

China's manufacturing growth weakest since January

The Chinese manufacturing sector grew at the weakest pace in eight months last month, as export orders fell, indicating a darker outlook for businesses and the economy due to an intensifying trade conflict with the US.

Wed, 01 Aug 2018 02:25:34 GMT

Baidu tops revenue, profit expectations

China's internet search major Baidu surpassed expectations for its quarterly revenue profit on the back of solid growth in the core business of online advertisement.

Tue, 31 Jul 2018 20:30:22 GMT

Bayer plans prescription dermatology brands sale

Bayer is planning a sale of its prescription dermatology brands to Leo Pharma, amid the German drugmaker's intention to focus on Monsanto, the integrating seed maker, and on boosting the drug development pipeline.

Tue, 31 Jul 2018 20:23:16 GMT

SS&C to acquire Eze Software in $1.45B deal

SS&C Technologies Holdings, the financial software developer, announced on Tuesday it is set to acquire TPG Capital's Eze Software in a $1.45B cash deal, to expand its services to buy-side investment companies.

Tue, 31 Jul 2018 19:01:52 GMT

Nigeria's Senate President Saraki re-joins opposition party PDP

The Nigerian Senate President Bukola Saraki said in a tweet on Tuesday that he will be re-joining the People's Democratic Party, which is the main opposition party in Nigeria.

Tue, 31 Jul 2018 19:00:11 GMT

President Trump says collusion is not a crime

US President Donald Trump again criticized Special Counsel Robert Mueller's investigation into Russia and the 2016 US Presidential election on Tuesday, saying that collusion is not a crime.

Tue, 31 Jul 2018 18:13:54 GMT

Oil price slides lower as Russia and OPEC boost output

Oil prices edged lower on Tuesday and gradually moving towards its largest monthly decline in almost two years after Russia and OPEC output hit a 2018 high in July.

Tue, 31 Jul 2018 18:02:53 GMT

US Dollar raises and global equity markets rebound on US-Sino talks

US Dollar rose against the Yen on Tuesday after BoJ said it plans to keep interest rates lower, while global equity markets rebounded on report that China and the US hoped to resume talks over trade war.

Tue, 31 Jul 2018 17:30:59 GMT

EPA: Cummins recalls 500,00 trucks due to faulty emissions

The US Environmental Protection Agency stated on Tuesday that Cummins Inc has agreed to recall 500,000 heavy and medium-duty trucks produced around 2010 and 2015 due to faulty emissions.

Tue, 31 Jul 2018 17:28:44 GMT

NYT: Facebook discovers New fake accounts to influence political campaign

The New York Times reported on Tuesday that Facebook has discovered ongoing campaign to influence November mid-term election through dozens of fake accounts.

Tue, 31 Jul 2018 16:35:21 GMT

BMW to invest €1B in Hungarian plant

On Tuesday, BMW AG claimed that it is planning to invest €1B to build a new factory in Hungary, planning to refocusing production and logistics network in Europe. 

Tue, 31 Jul 2018 16:29:10 GMT

Pfizer lowers its 2018 revenue forecast

On Tuesday, Pfizer Inc lowered 2018 revenue forecast, naming strong dollar as the main reason of that, and increased amount of funds on research and development.

Tue, 31 Jul 2018 15:32:44 GMT

eMusic plans to attract $70M for blockchain music platform

eMusic, the US-Israeli digital music shop, stated on Tuesday it would raise about $70M to establish a blockchain music service to ensure service providers and artists get fair revenue shares.

Tue, 31 Jul 2018 14:36:58 GMT

Brookfield to acquire Forest City Realty Trust for $11.4B

On Tuesday, Brookfield Asset Management stated it would acquire Forest City Realty Trust in a deal worth $11.4B, including debt.

Tue, 31 Jul 2018 13:38:41 GMT

MUFG gets Indonesia's approval for stake rise in Bank Danamon

Indonesia's watchdog has approved the Japanese firm Mitsubishi UFJ Financial Group's plan to raise its Bank Danamon stake to 40%, paving itself the way to finalising the potential largest takeover of Indonesia's firm.

Tue, 31 Jul 2018 13:35:06 GMT

China Southern Power Grid acquires minority stake in Encevo

China Southern power Grid agreed to acquire a minority stake in the EU utility Encevo, as the Asian company continues to take assets in Europe.

Tue, 31 Jul 2018 12:36:57 GMT

Knorr-Bremse to hold analyst meeting before planned IPO

Knorr-Bremse, the German brake systems producer, has scheduled an analyst meeting in August's first half ahead of its planned initial public offering.

Tue, 31 Jul 2018 12:33:10 GMT

Fortive to acquire software maker Accruent in $2.0B deal

On Tuesday, the industrial products manufacturer Fortive stated it would buy Accruent, the software maker, from Genstar Capital in a $2.0B all-cash deal.

Tue, 31 Jul 2018 11:00:53 GMT

Canada's AIMCo plans investment into Brazil sanitation company

On Tuesday, the Canadian Alberta Investment Management Corp stated it would invest $107.26M in Brazil's sewage and water service company Igua Saneamento amid its agreement with the private equity group IG4 Capital Investimentos.

Tue, 31 Jul 2018 10:55:22 GMT

Cryptocurrency firm Coinbase hires first CCO

Cryptocurrency exchange Coinbase hired Jeff Horowitz, the finance executive, as the company's first Chief Compliance Officer to navigate regulations for the virtual currency firms.

Tue, 31 Jul 2018 10:39:04 GMT

InterCement's African, EU arm to be valued at $1.8B in IPO

The Brazilian firm InterCement Participações SA is planning to list its African and Europe operations early next year for $1.76B, sources reported on Tuesday.

Tue, 31 Jul 2018 10:36:05 GMT

HeidelbergCement seeks buying LafargeHolcim's Indonesia unit

HeidelbergCement's CEO Bernd Scheifele stated on Tuesday his company is planning to acquire parts of LafargeHolcim's Indonesian unit, seeking to raise about $2.02B.

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