News

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Thu, 26 Sep 2019 15:12:30 GMT

Accenture expects lower Q1 revenue

Global IT consulting major Accenture lowered its forecast for first-quarter revenue to $10.9B-$11.2B in the first quarter, below the average estimate of $11.26B, blaming stronger Dollar.

Thu, 26 Sep 2019 14:23:40 GMT

JLR to halt output at UK plants amid Brexit

Jaguar Land Rover, the British largest carmaker, is set to stop its production at the UK plants for one week in November, joining Toyota and BMW plans to reduce any disruption from a possible no-deal Brexit.

Thu, 26 Sep 2019 13:38:27 GMT

Nestle rolls out vegan burger in US

On Thursday, Nestle, the US food giant, has launched its "Awesome" plant-based burger in America, aiming to tap into the US growing craze for vegan meat.

Thu, 26 Sep 2019 11:50:33 GMT

UK to bring back 16K people after Thomas Cook collapse

UK's Civil Aviation Authority announced that over 70 flights were scheduled for Thursday to repatriate 16K of people to Britain on the fourth day after the collapse of the world's oldest travel company Thomas Cook.

Thu, 26 Sep 2019 11:35:57 GMT

Baidu plans sale of about third of Ctrip stake

Baidu Inc, China's internet search giant, is planning to sell about a third of the Ctrip.com International stake, seeking to raise about $1.0B, looking for investments in other revenue streams.

Thu, 26 Sep 2019 09:51:26 GMT

Oil prices surge on Thursday

During Thursday's Asian trading session, crude oil price benchmarks surged. The surge was attributed to the ongoing lack of supply caused by the attacks on Saudi facilities.

Thu, 26 Sep 2019 09:39:09 GMT

Sunrise gets approval for Liberty Global's UPC acquisition

On Thursday, the Swiss antitrust regulator has granted its approval for Sunrise Communications' $6.3B takeover of the UPC business currently owned by Liberty Global, despite some of its large investors opposed the deal.

Thu, 26 Sep 2019 07:46:28 GMT

Peloton Interactive attracts $1.16B in IPO

The US fitness start-up Peloton Interactive Inc raised $1.16B in its IPO conducted on Wednesday after the firm had priced the shares at its target range's top end of $29 per share.

Thu, 26 Sep 2019 07:39:10 GMT

Juul CEO resigns as Philip Morris, Altria merger talks collapse

The CEO of the e-cigarette maker Juul announced a resignation on Wednesday, after merger negotiations between Philip Morris and Altria collapsed due to a regulatory retaliation against vaping, posing a danger to the whole industry.

Thu, 26 Sep 2019 05:16:40 GMT

IKEA reports record-high sales

IKEA reported its annual sales above $44B for the first time in the Swedish furniture group's history, as its push into e-commerce produced increase in online revenue.

Thu, 26 Sep 2019 04:22:02 GMT

Best Buy aimed at $50B revenue by 2025

Best Buy announced its intention to make $50B in revenue, cut nearly $1B in costs by 2025 and ramp up healthcare technology business.

Wed, 25 Sep 2019 19:43:15 GMT

Danske Bank Estonia ex-boss is found dead

On Wednesday, Aivar Rehe, who formerly ran Danske Bank operations in Estonia and was at the centre of a money laundering scandal, was found dead.

Wed, 25 Sep 2019 18:43:38 GMT

United States sanction Chinese entities

On Wednesday, the United States announced that sanctions have been put on Chinese entities that have been transferring Iranian oil.

Wed, 25 Sep 2019 17:44:08 GMT

Ford to launch self-driving cars

Representatives of Ford stated on Wednesday that the company is expected to launch self-driving cars in Austin Texas in 2021.

Wed, 25 Sep 2019 16:41:23 GMT

Saudi Aramco seeks loan

On Wednesday, it was revealed by Reuters that Saudi Aramco seeks a one billion US Dollar loan.

Wed, 25 Sep 2019 15:45:45 GMT

US home sales beat expectations

US single family home sales beat analyst expectations in August. On Wednesday, the publication of the data caused a slight surge of the US Dollar's value.

Wed, 25 Sep 2019 14:41:32 GMT

Wall Street declines on Wednesday

At the start of Wednesday's US trading session, US stock indices declined, as a Democratic impeachment inquiry caused a slight run to safety.

Wed, 25 Sep 2019 14:30:04 GMT

eBay's Chief Executive steps down

On Wednesday, Devin Wenig, eBay's Chief Executive Officer, has resigned from his position, while the e-commerce firm appointed Scott Schenkel, its finance head, as the company's interim CEO.

Wed, 25 Sep 2019 12:48:43 GMT

TeamViewer shares drop in EU market debut

Shares in TeamViewer, the German software company, plunged 2% to €25.32 on Wednesday during the remote connectivity specialist's initial public offering, the biggest in Europe launched this year, Reuters reported.

Wed, 25 Sep 2019 11:39:43 GMT

Thomas Cook German unit files for insolvency

On Wednesday, Thomas Cook GmbH, Germany's unit of the UK travel operator, has announced insolvency, seeking to hive off its business and brands from the failed owner.

Wed, 25 Sep 2019 10:35:58 GMT

Luxury group Kering cuts Puma stake with €500M bond

On Wednesday, Kering, the French luxury group, has issued €500M bonds, which can be exchanged for Puma shares, as the luxury giant aims to trim the remaining stake in the German sportswear brand.

Wed, 25 Sep 2019 09:39:36 GMT

Renault seeks to become part of EU batteries project

On Wednesday, Renault's chairman stated the carmaker was ready to become a part of the EU batteries project, seeking to boost the economy.

Wed, 25 Sep 2019 08:32:37 GMT

KKR puts ELL up for sale

The buyout group KKR has put European Locomotive Leasing up for a sale, as an investor seeks to lock in vibrant asset valuations just ahead of the expected downturn, according to sources familiar with the matter.

Wed, 25 Sep 2019 06:45:43 GMT

Alibaba rolls out self-developed AI chip

On Wednesday, Alibaba Group Holdings said it developed a new artificial intelligence chip "Hanguang 800", seeking to enhance group's cloud computing division services by new chop's usage, marking an important step in its pursuit of next-generation technologies.

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