News

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Fri, 09 Aug 2019 10:47:24 GMT

Beyond Meat delays plans to enter Japan

The vegan burger maker Beyond Meat has suspended its plans for the Japan push, as the company decided to shift focus to the US market where it had recently raised funding to boost expansion and outrace the emerging faux-meat competitors.

Fri, 09 Aug 2019 09:41:42 GMT

RBA admits beating down Australian Dollar

On Friday, the Governor of the Reserve Bank of Australia announced that the central bank cut interest rates to reduce the value of the Australian Dollar, as a high value of the Aussie would hurt the Australian economy.

Fri, 09 Aug 2019 08:48:45 GMT

Malaysia files criminal charges against Goldman units heads

Malaysia filed charges against 17 former and current directors at the Goldman Sachs Group's subsidiaries in a multi-billion-dollar corruption probe into the state fund 1MDB.

Fri, 09 Aug 2019 07:43:27 GMT

Anadarko shareholders agree on $38B buyout by Occidental

Anadarko Petroleum Corp's shareholders have agreed to sell the group to competitor Occidental Petroleum Corp in a buyout deal worth $38.0B, ending the contest between two oil giants.

Fri, 09 Aug 2019 06:51:51 GMT

Trump appoints national intelligence's acting director

On Thursday, the US President Donald Trump has appointed the National Counterterrorism Centre's current chief, Joseph Maguire, as the national intelligence's acting director to succeed Sue Gordon, who stepped down from her post.

Fri, 09 Aug 2019 06:38:49 GMT

Luxembourg watchdog probes Amazon's Alexa over privacy

Luxembourg privacy watchdog has raised concerns over the personal data usage by Amazon's Alexa voice assistant, asking the company to provide the information necessary to investigate the case.

Fri, 09 Aug 2019 02:03:42 GMT

Broadcom to buy unit of Symantec for $10.7B

Chipmaker Broadcom stated that it will buy security unit of antivirus software producer Symantec for $10.7B in cash to broaden its software business through deals.

Fri, 09 Aug 2019 01:54:58 GMT

Uber loses $5B despite easing US price war

Uber Technologies reported a record loss of $5.2B and revenue below Wall Street targets, as expansion in its core business of ride-hailing slowed, sending the company's shares down 6% on the report.

Thu, 08 Aug 2019 15:42:24 GMT

Osram's top investor drops Bain and Carlyle takeover bid

On Thursday, Osram's shares plunged as much as 8.4% after Allianz Global Investors, the German lamp manufacturer's largest shareholder, had rejected a $3.8B takeover bid from the private equity groups Bain and Carlyle.

Thu, 08 Aug 2019 14:44:32 GMT

Broadcom considers taking over Symantec's enterprise business

Chipmaker Broadcom has entered the advanced talks to acquire Symantec's enterprise business in a potential deal valued at $10.0B, sending Symantec's shares up 14%, while those of Broadcom dropped 1%, according to the Wall Street Journal.

Thu, 08 Aug 2019 14:13:12 GMT

Turkey to prevent delay of safe zone agreement

On Thursday, Mevlut Cavusoglu, the Turkish Foreign Minister, stated the country would prevent the delay of the safe zone pact, agreed in cooperation with the United States, adding that this agreement should not suffer the same fate as the accord on Syrian's Manbij.

Thu, 08 Aug 2019 12:39:50 GMT

Germany's Bayer acquires BlueRock for $600M

Germany's drugmaker Bayer is planning to take full control over BlueRock Therapeutics, the cell therapy developer, in a deal worth $600M. as it seeks to resume to the company's drug development pipeline.

Thu, 08 Aug 2019 11:01:58 GMT

Siemens Healthineers to take over USs Corindus

Germany's Siemens Healthineers is set to acquire US firm Corindus Vascular Robotics in a deal worth $1.1B, the largest acquisition Siemens division launch an IPO on the stock market.

Thu, 08 Aug 2019 09:38:17 GMT

Westpac Banking fined for failing to report data to regulator

On Thursday, Westpac Banking Corp has been fined $1.02M by the Australian financial watchdog for failing to provide data to the regulator on time, after the as watchdog toughened stance on government's request.

Thu, 08 Aug 2019 09:34:59 GMT

China ignores sanctions on Iran

On Thursday, it was announced by three research firms that in July China has continued to import Iranian oil despite the US sanction waiver ending two months before.

Thu, 08 Aug 2019 08:33:07 GMT

HSBC names O'Byrne as global commercial banking interim head

HSBC has appointed Barry O'Byrne as the global commercial banking unit's interim head to succeed Noel Quinn as the bank's current interim chief executive.

Thu, 08 Aug 2019 07:38:26 GMT

Salesforce to acquire Israel's ClickSoftware in $1.35B deal

Salesforce, the US cloud-based service provider, has clinched a definitive agreement to buy Israel's software developer ClickSoftware in a cash and shares deal valued at $1.35B.

Thu, 08 Aug 2019 06:23:17 GMT

Nestle launches Starbucks-branded coffee sale in China

On Thursday, the food giant Nestle stated it had launched Starbucks-branded coffee sale in China, including Chinese e-commerce platforms such as Alibaba's Tmall and JD.com, as it seeks to speed up its growth in the market.

Thu, 08 Aug 2019 04:50:37 GMT

Japan to resume material's exports to South Korea

The Japanese government is expected to allow some semiconductor materials' exports to South Korea, the first approval since Tokyo tightened controls over the products' exports in July, the report by Nikkei showed.

Thu, 08 Aug 2019 04:10:49 GMT

China exports up 3.3% in July

Chinese exports grew unexpectedly 3.3% year-on-year in July, while imports declined 5.6% in the same period, leaving the country with $45.06B trade surplus, customs data revealed.

Thu, 08 Aug 2019 02:52:34 GMT

FedEx ends partnership with Amazon

FedEx confirmed that the company decided to terminate the contract with Amazon.com for ground deliveries of small packages, as the online retailer would focus on building its own delivery network.

Thu, 08 Aug 2019 02:35:22 GMT

Fox beats forecasts for quarterly profit

Media company Fox reported better-than-expected quarterly results, with profit of 0.62$ per share, while revenue grew almost 5% to $2.51B, boosted by higher fees received from operators and online distributors.

Wed, 07 Aug 2019 19:46:30 GMT

Germany's bond yields slide to record low

On Wednesday, Germany's bond yields slide to a new record low, as a bigger-than-anticipated 50 basis points cut by the Central Bank of New Zealand and weak German data pressure the bond markets.

Wed, 07 Aug 2019 18:54:41 GMT

US stocks decline on Wednesday

Wall Street's main indexes edged lower on Wednesday. The decline was attributed to the escalating trade tensions between the United States and China.

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