News

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Wed, 06 Nov 2019 15:50:11 GMT

M&S profit falls 17%

Britain's Marks & Spencer reported a 17% decline in H1 profit, affected by falling sales of clothing, though was confident of fixing problems and returning to growth.

Wed, 06 Nov 2019 15:49:52 GMT

Wendy's reveals strong results in Q3

Wendy's reported that its same-store sales in North America grew 4.4% in the Q3, while adjusted revenues increased 10.1% to $351.1M.

Wed, 06 Nov 2019 14:58:13 GMT

Apple reveals new tech details over privacy features

On Wednesday, Apple Inc has revealed new technical details on privacy features in the giant's latest operating systems work.

Wed, 06 Nov 2019 13:46:46 GMT

Lufthansa's crew strike to trigger 1,3K cancelled flights

Lufthansa's cabin crew strike this week will trigger 1,3K flight cancellations, affecting 180K passengers, the German airline said on Wednesday.

Wed, 06 Nov 2019 12:39:57 GMT

Aramco approaches Malaysia's Petronas with IPO offer

Saudi Aramco has made an offer to Malaysia's Petronas to participate in its planned initial public offering, as the oil giant aims to lure cornerstone investors for the listing.

Wed, 06 Nov 2019 10:40:48 GMT

BMW increases profits

On Wednesday, the new CEO of BMW revealed that he has delivered a 33% increase in profits in the third quarter of this year. The company is one of the few auto makers, which is set to reach its 2019 targets.

Wed, 06 Nov 2019 09:44:34 GMT

Germany's engineering orders drop 4% yoy in September

The German engineering orders plunged by 4% year-on-year in September, tumbled by trade disputes and falling global investment appetite on German goods orders, VDMA reported on Wednesday.

Wed, 06 Nov 2019 09:33:32 GMT

China, France sign $15B contracts during Macron's visit

France and China have signed deals worth $15B during the President Emmanuel Macron's visit to Beijing, China's government official announced on Wednesday.

Wed, 06 Nov 2019 08:36:30 GMT

Xerox explores takeover bid for HP

Xerox Holdings Corp is exploring a cash-and-stock takeover bid for the PC maker HP Inc, a deal that could value HP at $27.0B, according to the WSJ.

Wed, 06 Nov 2019 06:00:31 GMT

Tesla and Walmart agree to settle legal dispute

Tesla Inc and Walmart Inc have reached an agreement to settle a legal dispute over solar panel installations.

Wed, 06 Nov 2019 05:01:13 GMT

Bolsonaro to push for public sector wages cut

On Tuesday, Jair Bolsonaro, the President of Brazil, said that he would try to push for an amendment of the constitution to enable the government to reduce public sector salaries.

Wed, 06 Nov 2019 04:05:20 GMT

US imposes sanctions on five Venezuelan security officials

The United States has imposed sanctions on five Venezuela's political figures and security officials, the US Treasury Department said in a statement on Tuesday.

Wed, 06 Nov 2019 03:16:29 GMT

USPS to use Nvidia Corp's AI software

Nvidia Corp announced on Tuesday that the United States Postal Service would use its artificial intelligence software to process package data 10 times faster.

Tue, 05 Nov 2019 20:52:57 GMT

Chevron sells $1.57B stake in Azeri oilfield

Hungary's energy company MOL is acquiring a $1.57B worth stake in the Azeri giant oilfield from Chevron, a purchase that will add around 20K barrels per day to MOL's output guidance.

Tue, 05 Nov 2019 19:52:25 GMT

Shell to acquire French renewable power firm EOLFI

Royal Dutch Shell is set to acquire France's renewable power wind farm EOLFI, in the oil and gas giant's another move to ramp up its electricity business.

Tue, 05 Nov 2019 19:26:48 GMT

Mediaset, Vivendi try to resolve TV project dispute

The Italian broadcaster Mediaset is in talks with Vivendi, its hostile shareholder, about possible resolutions of a dispute regarding the governance of the Mediaset's planned pan-EU TV reorganisation.

Tue, 05 Nov 2019 17:45:49 GMT

Mylan beats profit estimates

Mylan topped Wall Street estimates, as its net earnings rose 3.5% to $2.96B in the Q3, owing to expansion in the company's biggest market of North America.

Tue, 05 Nov 2019 16:43:19 GMT

Canada's trade deficit narrows in September

Canadian trade deficit narrowed to C$978M in September, compared with a revised C$1.24B deficit in August, as imports and exports declined.

Tue, 05 Nov 2019 16:06:00 GMT

Kroger's profit estimates above expectations

Kroger announced forecast for adjusted profit in the range $2.30-$2.40 per share and same-store sales to rise 2.25% in 2020, surpassing analysts' estimates.

Tue, 05 Nov 2019 14:56:16 GMT

Hungary to open way to Huawei in 5G network launch

On Tuesday, the Hungarian Foreign Minister has opened doors for China's telecoms giant Huawei to participate in the launch of the high-speed 5G network in Hungary.

Tue, 05 Nov 2019 13:49:57 GMT

Air France-KLM to boost sales, profit

On Tuesday, Air France-KLM is planning to expand its Transavia budget line, as well as tap the core French carrier into premium travel, as the company seeks to bolster its shares and profit.

Tue, 05 Nov 2019 13:26:37 GMT

SAP plans $1.7B return to shareholders next year

SAP, Germany's business software group, announced it would make a return of an extra $1.7B to shareholders in the following year, as the company's strong operational and financial performance made the enhanced payout possible.

Tue, 05 Nov 2019 11:57:40 GMT

Xerox to sell 25% stake in Fuji Xerox venture

Xerox Holdings Corp is planning a 25% stake sale in Fuji Xerox, the joint venture built up with Fujifilm Holdings, in a potential deal worth $2.3B, according to Reuters.

Tue, 05 Nov 2019 10:49:24 GMT

Crude oil continues to surge

On Tuesday, crude oil price benchmarks continued to edge higher. The surge was boosted by a decrease in Chinese interest rates. Namely, crude oil is being repriced, as global money supply has been increased.

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