News

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Wed, 06 Dec 2017 14:20:56 GMT

Indigo raises $203M through Dubai fund

Farming tech start-up Indigo raised extra $47M from Dubai's sovereign wealth fund, bringing the total sum of financing for its efforts to reform how crops are grown to $203M.

Wed, 06 Dec 2017 14:18:21 GMT

UnitedHealth to buy medical unit of DaVita for $4.9B

UnitedHealth Group announced that it would purchase a medical unit of kidney care services supplier DaVita for $4.9B, aiming to operate more in outpatient treatment services.

Wed, 06 Dec 2017 12:07:23 GMT

Home Depot plans $15B share repurchase

The US home improvement chain Home Depot Inc announced on Wednesday a $15B share repurchase program starting in February, 2018.

Wed, 06 Dec 2017 11:53:25 GMT

Spokesman: UK's PM has made progress to move on with Brexit talks

A spokesman for the British Prime Minister Theresa May said on Wednesday that she had made progress in Brexit talks ahead of the Euro Summit scheduled on 14-15 December, 2017.

Wed, 06 Dec 2017 10:52:19 GMT

Japan to spend additional 2.9T Yen on economic measures, missile defence

Japan is set to allocate additional 2.9T Yen ($25.8B) from its budgetary spending on missile defence and other economic measures, government officials explained on Wednesday.

Wed, 06 Dec 2017 10:51:59 GMT

Reuters: Ford, Alibaba to sign sales agreement on Thursday

Ford Motor Co is set to sign an agreement with Alibaba Group Holding Ltd on Thursday with the aim to sell its cars in the Chinese market via Alibaba's online platform.

Wed, 06 Dec 2017 09:51:46 GMT

CBRC issues draft rules for managing liquidity risk

China Banking Regulatory Commission issued on Wednesday draft guidelines for managing liability risks of commercial banks in an attempt to improve the country's banking sector.

Wed, 06 Dec 2017 09:51:26 GMT

Saga shares fall in response to sluggish 2017/2018 profit forecasts

Shares of the UK-based Saga Plc fell 20% on Wednesday in the wake of the company announcing sluggish forecasts of its pre-tax profit in 2017 and 2018.

Wed, 06 Dec 2017 09:18:35 GMT

Reuters: Xiaomi asks banks to pitch its 2018 IPO

The Chinese smartphone producer Xiaomi Inc had turned to banks for a pitch of its IPO in 2018, as reported by Reuters on Wednesday.

Wed, 06 Dec 2017 09:08:34 GMT

EU's Court of Justice says Coty can ban online sales of its products

The Court of Justice of the European Union ruled on Wednesday that the US-based cosmetics company Coty could prohibit sales of its products in online platforms, including Amazon.

Wed, 06 Dec 2017 08:11:38 GMT

easyJet to compete with Lufthansa in Germany

On Wednesday, the British easyJet said that it will begin competing with Lufthansa on Germany's internal routes from Berlin next month. The rivalry is based on acquisition of parts of bankrupt Air Berlin.

Wed, 06 Dec 2017 08:05:15 GMT

German industrial orders rise by 0.5%

According to data published on Wednesday morning, German industrial orders increased by 0.5% in October, thus beating expectations about a 0.3% drop. The growth was mainly based on local and non-Euro Zone demand.

Wed, 06 Dec 2017 07:06:30 GMT

Mexican lawmakers pass fintech bill

On Tuesday, the Mexican Senate passed a law that aims to bring financial stability through regulation of the country's rapidly growing fintech sector. The law, if adopted, would apply to crowdfunding platforms and cryptocurrency firms.

Wed, 06 Dec 2017 07:06:24 GMT

China says Australia has paranoia over foreign interference

On Wednesday, the Chinese Embassy in Australia accused local media of hysteria and paranoia due to publication of numerous reports about China's interference into Australian domestic affairs.

Wed, 06 Dec 2017 03:54:32 GMT

Japan to help fund Chinese Belt and Road projects

The Japan's government planned to cooperate with China over its Belt and Road Initiative by funding its private-sector partnerships in a bid to enhance bilateral ties with the neighbour.

Wed, 06 Dec 2017 03:52:23 GMT

UK May under pressure to soften EU divorce

British PM Theresa May was under pressure to alleviate the EU divorce by keeping the UK in the customs union and single market after Brexit.

Wed, 06 Dec 2017 03:21:50 GMT

UPS delays some deliveries amid surge in holiday orders

United Parcel Services stated that some deliveries of the company were delayed due to an increase in holiday orders made online during the period of peak shipping.

Wed, 06 Dec 2017 03:19:54 GMT

Australia's growth below estimates, as household spending fades

Australian GDP grew at a weaker-than-anticipated pace of 0.6% in the Q3, reinforcing the possibility of the Central Bank to keep interest rates unchanged for longer.

Tue, 05 Dec 2017 21:20:02 GMT

General Electric thinks to cut 4500 jobs in Europe

General Electric reported on Tuesday that would probably cut 4500 jobs in Europe after rethinking assets that it purchased from France's Alstom in the year 2015.

Tue, 05 Dec 2017 21:15:16 GMT

Venezuela's former ambassador to UN leaves US

Rafael Ramirez, Venezuela's ambassador to the UN was resigned from his post and left the US following the President Nicolas Maduro's order.

Tue, 05 Dec 2017 20:22:15 GMT

Nestle buys vitamin maker Atrium Innovations for $2.3B

European packaged goods giant Nestle reported on Tuesday that it would acquire vitamin maker Atrium Innovations for $2.3B.

Tue, 05 Dec 2017 20:22:02 GMT

German train collision injures dozens

 German police reported on Tuesday that at least 50 people had been injured when a train crashed near Dusseldorf.

Tue, 05 Dec 2017 19:12:49 GMT

Trump informs Abbas of intention to move US embassy to Jerusalem

The US President Donald Trump has informed the Palestinian leader Mahmoud Abbas of the intentions to relocate the US embassy from Tel Aviv to Jerusalem.

Tue, 05 Dec 2017 19:12:41 GMT

Ukraine central bank probably keeps interest rate unchanged

Ukraine's central bank most probably keeps its interest rate unchanged at the regular meeting that takes place next week amid inflation rate remaining high in spite of a recent slowdown.

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