News

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Tue, 30 Jul 2019 17:54:52 GMT

Ralph Lauren reports better-than-expected quarterly profit

Shares of Ralph Lauren Corp rose nearly 6% before the bell on Tuesday after the company announced better-than-forecast quarterly revenue and profit.

Tue, 30 Jul 2019 16:57:28 GMT

100+ million people impacted by Capital One data breach

Capital One Corp announced on Monday that over 100 million Capital One customer's accounts and credit card applications in the United States and Canada were hacked.

Tue, 30 Jul 2019 15:59:56 GMT

Trump wants to pursue trade deal with Brazil

On Tuesday, President Donald Trump said that he wants a trade deal with Brazil, opening a potential solution over the ongoing trade tension between the United States and Brazil.

Tue, 30 Jul 2019 15:06:03 GMT

Middle Eastern funds plan to increase investments UAE

According to a Reuters poll, most of the fund managers in the Middle East plan to boost their investments in the United Arab Emirates.

Tue, 30 Jul 2019 14:08:05 GMT

Sony hits record profit on image sensor demand

On Tuesday, Japan's Sony Corp reported the record Q1 operating profit, driven by strong demand for the company's multiple-lens smartphone camera systems, which boosted image sensors sales.

Tue, 30 Jul 2019 13:01:05 GMT

Nintendo Q2 profit falls 10% before Switch Lite launch

Nintendo, the Japanese gaming company, reported on Tuesday its Q2 profit dropped 10% to $252.26M, missing analysts' expectation, right ahead of its Switch Lite device launch scheduled for September.

Tue, 30 Jul 2019 12:27:07 GMT

Blockchain rolls out cryptocurrency exchange The PIT

On Tuesday, one of the biggest digital currency wallet firms in the world, Blockchain, announced the launch of The PIT cryptocurrency exchange aimed at carrying out trades at high speed for institutional and retail investors.

Tue, 30 Jul 2019 11:38:51 GMT

Alibaba-backed MYbank to attract $871 in IPO

China's MYbank, the lender backed by Alibaba Group Holding, is planning to raise 6B yuan ($871M) in an initial public offering, valuing the online bank at 24B yuan, according to Reuters.

Tue, 30 Jul 2019 10:09:53 GMT

GAM declares truce with Haywood

Swiss asset management company GAM Holding has announced that it has made a truce with its manager Tim Haywood. The court battling between the two parties hurt the company's stock price.

Tue, 30 Jul 2019 09:35:04 GMT

Huawei's revenue growth accelerates in first half

On Tuesday, China's Huawei Technologies reported its first-half revenue grew 23.2%, despite the United States sanctions imposed on the tech company in the middle of May.

Tue, 30 Jul 2019 08:21:13 GMT

Newell Brands picks Saligram as CEO

The US household producer Newell Brand has selected the Ritchie Bros Auctioneer's top boss, Ravi Saligram, as the company's next Chief Executive Officer, according to the Wall Street Journal's report seen on Tuesday.

Tue, 30 Jul 2019 07:11:24 GMT

France's Q2 growth falls to 0.2%

French growth fell slightly to 0.2% in the Q2, down from 0.3% in the previous quarter, as firms drew down inventories and consumer spending eased, according to official data seen on Tuesday.

Tue, 30 Jul 2019 06:09:28 GMT

Lufthansa Q2 earnings drop amid rising fuel costs

On Tuesday, the German airline Lufthansa reported a fall in its Q2 earnings, tumbled by rising fuel costs and price competition on the short-haul routes, adding that the EU market is expected to remain challenging until the end of the year.

Tue, 30 Jul 2019 04:40:04 GMT

China increases Belt and Road investments

A research paper published on Tuesday revealed that Chinese investments in Belt and Road countries have increased tenfold in 2014 to 2019, compared with the prior five-year period.

Tue, 30 Jul 2019 04:29:39 GMT

Lithium Australia shares jump

On Tuesday, the stock price of Lithium Australia surged, as the company signed a joint venture with DLG Battery Co.

Mon, 29 Jul 2019 19:40:46 GMT

Pfizer makes deal with Mylan

On Monday, it was announced that Pfizer has made a deal wiht Mylan to create a spin off drug making business.

Mon, 29 Jul 2019 19:14:55 GMT

EPIC reveals new pipeline

On Monday, the oil pipeline operator EPIC launched a new 400,000 barrel per day popeline from the Permian Basin to the US Gulf Coast.

Mon, 29 Jul 2019 17:54:17 GMT

Amsterdam-based Takeaway.com to buy Just Eat

Takeaway.com has reached an agreement to acquire Just Eat for $10.1 billion. The deal would create the world's largest food-delivery markets, including the UK, the Netherlands, Germany and Canada.

Mon, 29 Jul 2019 16:54:53 GMT

US stocks retrace from record highs

On Monday, Wall Street opened below the record highs, as traders and investors are keeping a close eye on the US Federal Revere's policy stance this week.

Mon, 29 Jul 2019 15:57:44 GMT

Oil prices surge on Monday

Crude oil prices edged higher on Monday on the prospect that the US Federal Reserve could cut interest rate. The Brent crude futures were up at $63.67 a barrel.

Mon, 29 Jul 2019 15:01:18 GMT

Johnson tells EU to shift position on Brexit

On Monday, the UK Prime Minister Boris Johnson told the European Union leaders that he would be happy to sit down for Brexit negotiations when they shift their position on the Withdrawal Agreement.

Mon, 29 Jul 2019 14:27:59 GMT

Japan's Osaka Gas set for Sabine Oil takeover

On Monday, Japan's Osaka Gas stated it would acquire Sabine Oil & Gas, the US shale gas developer, in a deal valued at $610M, as the Japanese firm seeks for business global expansion to accelerate future growth.

Mon, 29 Jul 2019 13:38:39 GMT

Exact Sciences to acquire Genomic Health in $2.8B deal

Exact Sciences, the cancer diagnostics company, announced on Monday it would take over the healthcare firm Genomic Health in a deal worth $2.8B, as it seeks to boost the cancer testing business

Mon, 29 Jul 2019 12:21:50 GMT

Musk's Boring attracts around $117M in latest round of funding

Elon Musk's Boring has attracted about $117M in its latest funding round from 20 investors after the electric carmaker offered to sell around $120M in equity, according to its regulatory filing.

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