News

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Fri, 27 Jul 2018 18:00:37 GMT

President Trump's thanks Kim as NK hands possible remains of US soldiers

On Friday, North Korea handed what believed to be the remains of US soldiers killed during the Korean War some 65 years ago.

Fri, 27 Jul 2018 17:10:26 GMT

Twitter Inc shares plummets

Twitter Inc reported fewer monthly active users than expected on Friday as it warned that the closely watched numbers could keep declining while it deletes fake accounts making shares to plummet.

Fri, 27 Jul 2018 17:02:54 GMT

US Advance GDP grows by 4.1% in the second quarter

The United States economy grew at 4.1% in the second quarter, its fastest movement in almost four years as consumers spending increases and farmer sold more soybeans to China before the tariffs took effect in July.

Fri, 27 Jul 2018 16:37:06 GMT

EA Games misses analysts' revenue estimates

On Thursday, Electronics Arts reported its quarterly adjusted revenue growth came at $1.16B, missing analysts expectations of a $1.23B reading.

Fri, 27 Jul 2018 16:25:36 GMT

South Africa's Ramaphosa seeks nuclear talks with Putin

On Friday, the South African President Cyril Ramaphosa stated he had agreed with the Russian leader Vladimir Putin to negotiate a nuclear power agreement in the near future.

Fri, 27 Jul 2018 15:38:40 GMT

SK Hynix seeks $1.6B share buy-back, new chip factory

SK Hynix is planning a $1.6B share buy-back, seeking to invest $3.1B to establish new semiconductor factory in South Korea, boosting the DRAM memory chipmaker shares up 3.5%.

Fri, 27 Jul 2018 15:33:53 GMT

Intel shares fall on fears over AMD data centre chip challenge

On Friday, shares in Intel dropped 9% amid fears that Advance Micro Devices might be chiseling off the market share from the high-margin data centre business.

Fri, 27 Jul 2018 14:39:53 GMT

Amazon shares beats estimates as profit hits $2B for first time

Shares in Amazon.com surged 4%, hitting the record-high, as the online retailing titan's Q2 profit topped $2.0B for the first time.

Fri, 27 Jul 2018 14:36:26 GMT

Enel seeks discussing EF Solare stake sale to F2i

Italy's largest utility Enel is seeking to negotiate the stake sale in EF Solare, the solar joint venture, to its partner F2i, sources reported on Friday.

Fri, 27 Jul 2018 13:32:16 GMT

Facebook's Zuckerberg loses over $15B in record fall

Facebook's CEO Mark Zuckerberg loses over $15B on Thursday, after the social media firm had suffered the largest one-day wipe-out in the US stock market history.

Fri, 27 Jul 2018 13:17:33 GMT

Germany seeks to protect key firms from China investors

Germany is accelerating its efforts to protect its key companies from the Chinese investors by acquiring a stake in the high-voltage energy network operator and seeking to veto the machine-tooling business sale.

Fri, 27 Jul 2018 12:11:43 GMT

Thomson Reuters F&R arm to change name after Blackstone deal

Thomson Reuters's Financial and Risk division is set to be renamed Refinitiv after the US private equity group Blackstone acquires a controlling stake in the unit.

Fri, 27 Jul 2018 12:11:34 GMT

Hillhouse in negotiations to acquire Yum China Holdings

According to the Information news outlet, the Chinese firm Hillhouse Capital Group has entered talks over a potential purchase of Yum China Holdings, KFC restaurants' operator in the country.

Fri, 27 Jul 2018 11:13:58 GMT

Naspers looks at New York, HK listing of some e-commerce arms

South African firm Naspers is thinking over listing some of the e-commerce ventures in New York and Hong Kong, as it seeks to narrow a discount between its Tencent stake and market value.

Fri, 27 Jul 2018 11:11:43 GMT

Hyatt raises interest in Spain's bid for NH Hotel Group

Hyatt Hotels, the US global hospitality firm, has expressed its interest in the Spanish bid target NH Hotel group, escalating a takeover fight with Thailand's Minor International.

Fri, 27 Jul 2018 10:21:52 GMT

SEC says blocking bitcoin ETF was right decision

The US Securities and Exchange Commission said it was the right decision to block a bitcoin ETF proposed by Tyler and Cameron Winklevoss due to the fear of possible manipulation.

Fri, 27 Jul 2018 10:15:21 GMT

BP acquires oil, gas assets for $10.5B

The British company BP plc is set to purchase oil and gas assets from the US-based BHP Billiton for $10.5B, thus expanding the company's operations in the United States.

Fri, 27 Jul 2018 09:37:50 GMT

China open to discussion over dropped Qualcomm-NXP takeover

Chinese market watchdog stated it was still open to talks over the scrapped Qualcomm's takeover worth $44B of NXP Semiconductors to resolve antitrust concerns that halted the deal.

Fri, 27 Jul 2018 09:13:21 GMT

Atlassian exits chat-platform business by selling Stride & Hipchat Cloud

On Thursday, the software developer Atlassian stated it would leave the chat-platform business unit by selling team-chat tools Hipchat Cloud and Stride to the privately-held Slack Technologies.

Fri, 27 Jul 2018 07:38:10 GMT

China's Fosun makes no approach to Ageas

On Friday, Ageas Chief Executive Bart De Smet stated that no approach had been made by China's Fosun to bid for the Belgian insurer.

Fri, 27 Jul 2018 07:34:47 GMT

Wells Fargo seeks selling Eastdil Secured real-estate unit

Wells Fargo & Co is considering to sell the US bank's Eastdil Secured real-estate unit, a report by the Wall Street Journal showed on Thursday.

Fri, 27 Jul 2018 06:11:13 GMT

Chesapeake Energy plans sale of Utica's shale stake for $2.0B

Chesapeake Energy is planning a sale of its Utica natural gas acreage shale stake to the privately-held Encino Acquisition Partners in a deal valued at around $2.0B.

Fri, 27 Jul 2018 06:04:11 GMT

Facebook acquires Israel's messaging firm Redkix

Facebook is acquiring the Israeli messaging company Redkix, as it seeks the firm to join its Workplace team to assist companies collaborate.

Fri, 27 Jul 2018 05:06:58 GMT

Samsung Display gets necessary certification

Samsung Display announced on Friday that its newly developed bendable and unbreakable screen has successfully passed safety testings of Underwriters Laboratories and received a corresponding American certification.

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