News

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Thu, 15 Nov 2018 19:01:13 GMT

British Pound tumbles on Brexit concerns

On Thursday, the Pound Sterling edged lower against a basket of currencies, as the Brexit uncertainty weighed heavily on bond and equity markets.

Thu, 15 Nov 2018 18:04:10 GMT

Britain's financial services alarm over draft Brexit deal

UK's political chaos inflicted fresh injury to the British financial services on Thursday, as the financial industry received the news of a draft Brexit agreement with uncertainty.

Thu, 15 Nov 2018 18:03:34 GMT

Business leaders express concern over Brexit agreement

On Thursday, business leaders expressed concern over the draft Brexit deal, perceived as the only way of maintaining stability in the EU-UK trading relations.

Thu, 15 Nov 2018 17:00:15 GMT

UK's Brexit Secretary Raab resigns on Thursday

The UK Brexit Secretary Dominic Raab has resigned from his position on Thursday, in protest over the draft Brexit deal.

Thu, 15 Nov 2018 16:59:36 GMT

US stocks decline on Thursday

Wall Street edged lower on Thursday, as the Brexit related concerns and a bunch of weak earnings sparked the sixth consecutive days of selling.

Thu, 15 Nov 2018 16:37:39 GMT

British Environment Secretary wants to renegotiate Brexit

Michael Gove, the UK Environment Secretary, is set to only accept the position of Brexit Minister, if is possible to renegotiate PM Theresa May's draft deal and scrap the EU summit on November 25th.

Thu, 15 Nov 2018 16:35:02 GMT

US retail sales jump on building materials, autos

The US retail sales grew strongly in October, as building materials and motor vehicles purchases surged, driven by recovery efforts in Hurricane Florence devestated areas.

Thu, 15 Nov 2018 16:09:45 GMT

UK's Brexit Secretary Raab resigns on Thursday

The UK Brexit Secretary Dominic Raab has resigned from his position on Thursday, in protest over the draft Brexit deal.

Thu, 15 Nov 2018 16:07:21 GMT

US stocks decline on Thursday

Wall Street edged lower on Thursday, as the Brexit related concerns and a bunch of weak earnings sparked the sixth consecutive days of selling.

Thu, 15 Nov 2018 15:27:46 GMT

Dell sweetens VMware bid to $120 per shares

Dell Technologies has raised its bid to buy back the shares tied to the firm's interest in the Vmware software maker to $120 for a share, but not exceeding the price of $300 suggested by Carl Icahn.

Thu, 15 Nov 2018 14:52:35 GMT

Ashland Global plans composites business sale for $1.1B

On Thursday, the chemicals producer Ineos Enterprises stated it would acquire the composites unit of Ashland Global Holdings in a deal valued at $1.1B.

Thu, 15 Nov 2018 14:38:40 GMT

Airspace Tech attracts $20M in new funding round

Airspace Technologies raised $20M in its latest funding round, boosting the already record fundraising year for firms in the logistics and shipping sectors.

Thu, 15 Nov 2018 14:18:38 GMT

Detroit's Greektown Casino-Hotel to be sold for $1.0B

An investment unit of the Quicken Loans' billionaire Dan Gilbert stated it would sell its Greektown Casino-Hotel, located in Detroit, for $1.0B in sign of the gaming industry consolidation.

Thu, 15 Nov 2018 13:36:28 GMT

Tata Sons Chairman to unveil plan on buying Jet

The Chairman of Tata Sons, N. Chandrasekaran, is seen to reveal a business viability plan to the company's board this Friday on the proposed takeover of the cash-strapped Jet Airways.

Thu, 15 Nov 2018 11:56:06 GMT

Supermarket group Ahold plans acquisitions in US

The Dutch-Belgian supermarket retailer Ahold Delhaize, which owns Giant Food and Stop & Shop stores, is planning further acquisitions in the United States, the group's CEO stated on Thursday.

Thu, 15 Nov 2018 11:52:00 GMT

Wesfarmers shareholders grant approval for Coles spin-off

On Thursday, shareholders of the Australian conglomerate Wesfarmers have granted their approval for the supermarket division Coles' demerger, which shares are expected to begin trading on November 21.

Thu, 15 Nov 2018 11:05:44 GMT

EU comments on Brexit deal

Representatives of the European Union announced, as the UK's government crumbled, that the current Brexit deal cannot be improved due to the demands set up by both parties.

Thu, 15 Nov 2018 11:05:17 GMT

UK ministers resign due to Brexit

On Thursday, the United Kingdom's government was in turmoil, as various ministers quit over Brexit. The event caused a more than 250 base point drop in GBP/USD.

Thu, 15 Nov 2018 10:34:59 GMT

Nordzucker explores Mackay Sugar takeover

Nordzucker, the German second biggest sugar refiner, has entered talks to acquire the Australian firm Mackay Sugar, the company's spokeswoman stated on Thursday.

Thu, 15 Nov 2018 10:31:44 GMT

Beyoncé acquires clothing brand from Britain's Philip Green

The US poplar singer Beyoncé has acquired the fitness clothing brand, Ivy Park, launched a few years ago with the UK retail tycoon Philip Green, after he had been accused of sexual harassment.

Thu, 15 Nov 2018 09:36:29 GMT

Vale-BHP Brazil JV Samarco picks new CFO

Brazil joint venture Samarco Mineracao, established by Vale SA and BHP Billiton, appointed Cristina Cavalcanti, the former Usiminas mining executive, as the JV's new Chief Financial Officer.

Thu, 15 Nov 2018 09:31:17 GMT

JBS posts robust Q3 results, sends shares up

The world's largest meat exporter JBS reported higher-than-expected Q3 results of its US and Brazilian beef operations, sending the company's shares up almost 7% on Thursday.

Thu, 15 Nov 2018 07:52:37 GMT

Levi Strauss eyes going public in 2019 Q1

Levi Strauss & Co, the 145-year-old jeans maker, is exploring a potential initial public offering in the Q1 of the next year, planning to raise up to $800M, according to a CNBC report published on Wednesday.

Thu, 15 Nov 2018 07:52:25 GMT

China's JD Group puts HK insurance unit up for sale

JD Group, the Chinese financial firm, is planning a sale of FTLife Insurance, its insurance business unit in Hong Kong, seeking to raise up to $2.5B in a potential deal.

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