News

Note: This section contains information in English only.
Thu, 19 Jul 2018 16:28:11 GMT

US home remodelling expenditure to fall in 2019

Growth in the US home remodelling expenditure is anticipated to slow next year amid existing homes' low inventory, the report revealed on Thursday.

Thu, 19 Jul 2018 15:32:25 GMT

US jobless claims drop to lowest since 1969

The number of people who filing unemployment benefits in the US last week dropped more than anticipated to a new low below the level seen in December 1969, the official report revealed on Thursday.

Thu, 19 Jul 2018 15:28:40 GMT

Russian GDP growth slows to 1.1% in June

Russia's gross domestic product expanded 1.1% in yearly terms in the month of June after growing 2.2% in May, the country's Economy Ministry stated on Thursday.

Thu, 19 Jul 2018 14:37:09 GMT

IBM's Q2 revenue, profit top expectations

On Wednesday, IBM posted its Q2 revenue and profit that bet analysts' estimates, boosted by the growth in a new higher-margin business, such as cloud computing and cybersecurity.

Thu, 19 Jul 2018 14:30:51 GMT

Ebay posts lower-than-expected Q2 revenue

Ebay has posted a lower-than-expected Q2 revenue, which rose 4% to $246M, less since the last year's same period, sending its shares down nearly 5% to $36 per share.

Thu, 19 Jul 2018 12:10:40 GMT

Canada's Lundin to acquire Nevsun Resources in $1.07B deal

The Canadian miner Lundin is planning to make an acquisition bid for the metals firm Nevsun Resources in a deal valued at $1.07B.

Thu, 19 Jul 2018 12:10:33 GMT

Salesforce clinches deal to buy Datorama

Salesforce, the American sales and marketing software firm, has signed a deal to acquire Israel's cloud-based AI marketing platform Datorama that could be worth over $800M.

Thu, 19 Jul 2018 10:51:04 GMT

US building products Ply Gem and NCI plan to merge

The US building products companies Ply Gem Parent and NCI Building Systems announced on Tuesday they are set to merge in the all-stock deal, establishing a firm with a valuation of around $2.6B.

Thu, 19 Jul 2018 10:50:38 GMT

UK M&A watchdog to review ruling on Disney possible takeover of Sky

On Wednesday, British M&A regulator stated it would review the ruling that Walt Disney might have to buy the broadcaster Sky for around £14 per share.

Thu, 19 Jul 2018 09:55:32 GMT

UK retail sales grow 2.1% in Q1, 0.5% fall MoM in June

The Office for National Statistics reported that UK retail sales grew by 2.1% in Q2Y2018 with growth across all main sectors, while monthly data showed a 0.5% decline in June.

Thu, 19 Jul 2018 09:52:33 GMT

EBA: EU banking sector stronger in Q1, profitability still at risk

The European Banking Authority noted in its latest Risk Dashboard update that the EU banking sector had improved in Q1Y2018, but residual risks in profitability still remained.

Thu, 19 Jul 2018 09:30:44 GMT

Brazil's centre-left candidate seeks to undo Boeing-Embraer deal

On Tuesday, Ciro Gomes, the Brazilian centre-left candidate, stated he would cancel a joint venture worth $4.75B planned by Brazil's Embraer and US Boeing, in case he won this year's election.

Thu, 19 Jul 2018 08:38:24 GMT

China's iQiyi acquires game maker Skymoons for $300M

China's iQiyi has acquired the state-owned game developer Skymoons in their deal that could be worth about $298.59M, as it seeks to expand the offering after the US listing.

Thu, 19 Jul 2018 07:39:40 GMT

Asset funds fight to invest in Brazilian carrier Oi

Three investment companies sued to participate in a $1.0B capital raise of Brazil's telecom Oi SA, as part of the in-court restructuring.

Thu, 19 Jul 2018 07:36:38 GMT

Asahi Kasei to acquire US Sage Automotive in $1.06B deal

On Thursday, Japan's Asahi Kasei stated it would acquire the US car interior designer Sage Automotive Interiors in a deal valued at $1.06B, including debt.

Thu, 19 Jul 2018 06:39:44 GMT

Innogy reaches deal with E.ON, RWE over planned transaction

Innogy has agreed on two legally binding accords with RWE and E.ON for the fair integration process and backed the planned break-up, it stated on Thursday.

Thu, 19 Jul 2018 06:36:56 GMT

Saudi Aramco considers stake purchase in petrochemical firm SABIC

On Thursday, Saudi Aramco stated it was in talks to acquire a stake in SABIC, the Saudi petrochemical company, in a deal that could bolster its market valuation right ahead the planned IPO.

Wed, 18 Jul 2018 20:34:46 GMT

Alibaba to acquire minority stake in China's Focus Media

China's e-commerce titan Alibaba Group Holding stated on Wednesday that it had agreed to buy a minority stake in Focus Media IT to tap into digital marketing sector.

Wed, 18 Jul 2018 20:31:46 GMT

China Tower seeks raising $8.8B from Hong Kong IPO

China Tower, the mobile phone infrastructure firm, is seeking to attract up to around $8.8B from the Hong Kong initial public offering at the valuation of $35B, according to sources familiar with the matter.

Wed, 18 Jul 2018 19:00:40 GMT

Uber appoints new chief data protection officer and privacy chief

Uber Technologies Inc named Simon Hania as their new data protection officer and Ruby Zefo as new chief privacy officer the company spokesman stated on Wednesday.

Wed, 18 Jul 2018 19:00:26 GMT

Switzerland's Finance Minister Maurer says Swiss Franc overvalued

On Wednesday, Switzerland's Finance Minister Ueli Maurer stated that the EUR/CHF exchange rate is overvalued and said that the country and its companies could live with it.

Wed, 18 Jul 2018 18:16:19 GMT

Morgan Stanley's top CEO announces broker recruiting fights over

On Wednesday, Morgan Stanley's CEO James Gorman stated that a subtle peace has been reached in Wall Street's broker recruiting fights.

Wed, 18 Jul 2018 18:12:17 GMT

Gorman criticizes Federal Reserve's stress tests

Morgan Stanley's Chief Executive Officer James Gorman criticized the Federal Reserve's yearly stress tests of the biggest US lenders after the better than expected quarterly earnings.

Wed, 18 Jul 2018 17:16:09 GMT

Trump plans to seek separate trade arrangement with Mexico

On Wednesday, US President Donald Trump said that the United States may pursue a separate trade agreement with Mexico.

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