News

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Tue, 12 Nov 2019 15:39:11 GMT

CBS misses Q3 revenue forecasts

On Tuesday, CBS Corp reported its Q3 revenue of $319M, or 85 cents for a share, missing analysts' forecasts and sending the company's shares down about 2%.

Tue, 12 Nov 2019 13:44:47 GMT

Osram, Continental to trim costs amid weaker results

On Tuesday, the car suppliers Osram and Continental are planning deeper cost cuts on reporting weaker results amid global slowdown that is hitting the auto industry.

Tue, 12 Nov 2019 12:49:19 GMT

Khalaf named as first woman to edit FT

On Tuesday, Roula Khalaf has been named as the Financial Times editor, becoming the first woman gaining this position in the newspaper's 131-year history, following the resignation announcement by Lionel Barber.

Tue, 12 Nov 2019 11:44:10 GMT

Markets see positive signs from Trump's speech on trade

The US President Donald Trump is set to discuss the US trade policy on Tuesday at the Economic Club of New York, while markets hope for positive signs from his speech.

Tue, 12 Nov 2019 11:20:57 GMT

Croatia plans Euro adaptation

On Tuesday, the Prime Minister of Croatia Andrej Plenkovic announced that Croatia expects to adopt the Euro by the beginning of 2024.

Tue, 12 Nov 2019 10:39:46 GMT

Trump likely to delay EU car tariff decision

The US President Donald Trump is likely to postpone his decision on imposing tariffs on vehicles and car parts imported from the EU for about half a year, EU bloc's officials said.

Tue, 12 Nov 2019 09:15:11 GMT

Huawei to hand out $286M to staff over US curbs

On Tuesday, Huawei Technologies, the Chinese telecoms giant, stated it would give its staff $286M bonus for helping it ride out the US trade curbs.

Tue, 12 Nov 2019 08:34:42 GMT

Nissan posts 70% Q2 profit slump

On Tuesday, Nissan Motor Co reported a 70.4% drop in its Q2 operating profit, as the Japanese carmaker still struggles with slumping sales, trying to recover from the scandal related to the ousted CEO Carlos Ghosn.

Tue, 12 Nov 2019 07:35:32 GMT

Visa to buy Nigeria's Interswitch stake

Visa Inc is set to acquire a 20% minority stake in the Nigerian payments platform Interswitch worth $200M, a deal that would give Nigeria's company a valuation of $1.0B, Sky News reported.

Tue, 12 Nov 2019 06:31:08 GMT

Google signs data deal with Ascension

On Monday, Google signed a large cloud computing deal with Ascension. Google would store customer healthcare data of 150 hospitals and more than 50 senior facilities.

Tue, 12 Nov 2019 05:11:20 GMT

Asian shares trade flat

During Tuesday's Asian trading session, stock indices in the Asian markets traded flat, as political turmoil in Hong Kong was blamed for keeping bullish sentiment down.

Tue, 12 Nov 2019 03:42:24 GMT

Pound keeps gains

On Tuesday, the British Pound kept its gains against peer currencies. The currency was boosted by news from the Brexit Party about their plans for the upcoming election.

Tue, 12 Nov 2019 03:24:54 GMT

Oil prices drop

During Tuesday's Asian trading, crude oil price benchmarks declined, as it was revealed that Saudi output had increased.

Mon, 11 Nov 2019 21:05:51 GMT

Russia's VTB sells Bulgaria's Vivacom stake

Russia's VTB stated on Monday that its investment unit VTB Capital had sold a full stake in Vivacom, the Bulgarian leading telecoms operator, to the media and telecoms firm United Group for $1.3B.

Mon, 11 Nov 2019 19:42:27 GMT

Canada's Open Text signs takeover deal with Carbonite

Canada's Open Text is set to acquire the cloud security group Carbonite in a deal worth around $1.42B and would pay $23.00 per share to the US firm's shareholders, both companies announced on Monday.

Mon, 11 Nov 2019 18:45:39 GMT

Ex-CEO Kalanick sells 21% stake in Uber

The co-founder and former CEO of Uber Technologies, Travis Kalanick, sold about 21% of the stake owned in the ride-hailing firm after so-called lockup period expiry.

Mon, 11 Nov 2019 17:49:14 GMT

German mobile operators tie up over network holes

On Monday, Telefonica Deutschland announced it would cooperate with its local German rivals, Vodafone and Deutsche Telekom, to build new mobile masts in the country, amid their joint push to fill gaps in the network coverage.

Mon, 11 Nov 2019 16:47:26 GMT

China's Jingye plans to rescue British Steel

China's Jingye Group stated on Monday it had entered talks to acquire the struggling British Steel in a rescue deal that could be valued at £70M, potentially saving thousands of UK jobs and halt the prolonged uncertainty about the troubled steelmaker's future.

Mon, 11 Nov 2019 15:51:19 GMT

Google rolls out new smart speaker version in Brazil

Alphabet's Google has rolled out the updated version of its smart speaker Google Nest Mini in Brazil, seeking to trigger sales in the brick-and-mortar and major online retailers on Tuesday.

Mon, 11 Nov 2019 15:01:56 GMT

Alibaba's sales for Singles' Day hit $30B

On Monday, Alibaba Group Holding reported its annual Singles' Day sales hit $30B, paving the way for the Chinese retailer to set a new record in the company's 11th year.

Mon, 11 Nov 2019 13:42:05 GMT

China's new bank loans plunge in October

China's banks extended 661.3B yuan in the October new yuan loans, down from September's results and missing analysts' forecasts of a fall to 800B yuan, Reuters reported on Monday.

Mon, 11 Nov 2019 13:05:08 GMT

HSBC, RBS to roll out digital banking platforms

HSBC and RBS, the British banking heavyweights, are set to release brand new digital banking platforms amid rising competition for well-versed users in digital tech on the back of online startups rapid development.

Mon, 11 Nov 2019 12:03:50 GMT

Adidas to shut down US, German plants

Adidas is planning to shut down the high-tech "robot" plants based in the United States and Germany that the company built to bring output closer to customers, the sportswear company stated on Monday.

Mon, 11 Nov 2019 10:41:03 GMT

Hong Kong stock indices fall

On Monday, stock indices of the Hong Kong stock exchange declined by almost three percent. The decline was attributed to an escalation of protests.

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