News

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Thu, 11 Oct 2018 09:12:27 GMT

Chinese car dealers push for tax cut

The top car dealers association in China sent a request to the government to halve taxes on auto purchases.

Thu, 11 Oct 2018 09:12:05 GMT

UK lenders mortgage decline

A survey of Bank of England on Thursday revealed that lenders in the UK are expecting the largest mortgage lending decline since late 2008.

Thu, 11 Oct 2018 07:53:11 GMT

Core Appalachia signs takeover deal with Diversified Gas & Oil

On Thursday, Diversified Gas & Oil stated it had acquired Core Appalachia, the privately owned natural gas producer, in a deal valued at $183M.

Thu, 11 Oct 2018 07:52:59 GMT

Apple to acquire part of Dialog's business for $600M

Apple agreed to acquire part of the chip supplier Dialog Semiconductor's business in a deal worth $600M, on the back of expansion of Apple's chip operations in Europe.

Thu, 11 Oct 2018 03:38:29 GMT

World Bank creates 'human capital' ranking based on education, health

The World Bank Group revealed a new system to rank countries over the success in development of human capital, in a bid to prod governments to invest more in healthcare and education.

Thu, 11 Oct 2018 03:34:35 GMT

Pershing Square reveals $900M stake in Starbucks

William Ackman stated that Pershing Square, his hedge fund, built a roughly $900M position in Starbucks, betting that the coffee chain could overcome weak sales in the home market.

Thu, 11 Oct 2018 02:35:55 GMT

BMW to increase control of Chinese venture

Germany's BMW stated that it is set to gain control of the main China's joint venture for $4.2B, the first such move after Beijing started to relax ownership regulations for the auto market.

Thu, 11 Oct 2018 02:31:56 GMT

Micron to make $100M investment in AI companies

Micron Technology stated that it planned to invest up to $100M in startups working on artificial intelligence technologies, which would be used in self-driving vehicles, factory automation and other fields.

Wed, 10 Oct 2018 20:37:52 GMT

Apple plans to deliver original content to its devices for free

On Wednesday, CNBC reported that Apple Inc is planning to start delivering exclusive digital content via its video service to the owners of company's devices for free.

Wed, 10 Oct 2018 20:34:43 GMT

Putin and Trump could meet in Helsinki next year

On Wednesday, Finnish daily newspaper Helsingin Sanomat claimed that the President of the US Donald Trump could meet Russian President Vladimir Putin next spring in Helsinki.

Wed, 10 Oct 2018 19:37:36 GMT

Germany's Scholz: Italy must solve debt problem itself

On Wednesday, the Finance Minister of Germany Olaf Scholz claimed that Italy needs to deal with the problem of high national debt itself without the assistance from the EU.

Wed, 10 Oct 2018 19:34:42 GMT

FT: James Murdock is a candidate for Tesla CEO post

On Wednesday, the Financial Times reported that James Murdock, a former Chief Executive of Twenty-First Century Fox Inc and a son of Rupert Murdock, is the next possible candidate for the CEO role at Tesla Inc.

Wed, 10 Oct 2018 18:37:57 GMT

WhatsApp fixes video chat security bug

Facebook's WhatsApp messenger service stated it fixed the latest bug over the platform, which allowed hackers to take over applications of users, answering incoming video call.

Wed, 10 Oct 2018 18:35:07 GMT

Atlanta Fed expects US GDP to grow 4.2% in Q3

The Atlanta Fed's forecast showed that the US economy is likely to expand at a 4.2% annualised pace in the Q3, following the latest data release on wholesale trade and producer prices.

Wed, 10 Oct 2018 17:23:37 GMT

IKEA eyes partnerships to boost online business in Russia

IKEA Group was looking to sign strategic partnership agreements with Russia's companies to strengthen its local online business, the retailer's Russia country manager Pontus Erntell stated.

Wed, 10 Oct 2018 17:21:37 GMT

Philippines anticipates 7% growth from $180B infrastructure plans

The Philippines anticipated the economic expansion to recover to 7-8% target in 2019 despite global uncertainties, pushing ahead with plans related to infrastructure spending, the budget secretary stated.

Wed, 10 Oct 2018 16:15:48 GMT

Lotte Corp to buy $1.9B stake in chemicals affiliate

The South Korean firm Lotte Corp is planning to acquire a stake in its chemicals affiliate Lotte Chemical in a deal valued at $1.93B to improve its efficiency and governance.

Wed, 10 Oct 2018 16:07:19 GMT

Sears shares drop as firm preparing for bankruptcy

On Wednesday, shares of Sears Holdings plunged as much as 30% in early trading, after the report about hiring advisers, as the company is preparing to file for a bankruptcy ahead of a deadline on debt payment.

Wed, 10 Oct 2018 15:04:44 GMT

TransDigm Group to acquire Esterline in $3.6B deal

TransDigm Group, the aircraft parts supplier, agreed to acquire its smaller competitor Easterline Technologies in a deal valued at $3.6B, as it is trying to outrace Airbus and Boeing in the after-sales plane servicing.

Wed, 10 Oct 2018 14:52:34 GMT

GM names ex-CIA official Miscik to board

General Motors has appointed the former official of the Central Intelligence Agency and Kissinger Associates current CEO Jani Miscik to the company's board, the US carmaker stated on Wednesday.

Wed, 10 Oct 2018 14:38:07 GMT

GMF AeroAsia signs partnerships with China CC, Air France KLM

Indonesia's GMF AeroAsia agreed to the deals with China Communications Construction and Air France KLM's aircraft maintenance unit worth a combined $900M, its CEO reported on Wednesday.

Wed, 10 Oct 2018 14:30:45 GMT

US Justice Dept. likely to approve CVS takeover of Aetna

The US Justice Department is likely to grant its approval to the drug retailer CVS Health's takeover of the health insurer Aetna as soon as this Wednesday.

Wed, 10 Oct 2018 13:04:46 GMT

Allseeds plans IPO overseas in next four years

Ukraine's Allseeds is planning to launch an initial public offering overseas in the following four years, the company's CEO Viacheslav Petryshche stated in an interview on Wednesday.

Wed, 10 Oct 2018 12:58:52 GMT

Parkland Fuel to acquire majority stake in SOL Investments

Canada's petroleum product marketer Parkland Fuel has agreed to take a 75% stake in the privately-owned fuel marketer SOL Investments and its subsidiaries in a deal worth $1.21B.

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