News

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Wed, 18 Jul 2018 09:48:28 GMT

India's BookMyShow attracts $100M funding

India's online ticketing portal BookMyShow announced on Wednesday it had raised $100M in the latest funding round from an investor group.

Wed, 18 Jul 2018 09:39:16 GMT

Google to face $5.0B fine from EU over Android

The European Union is expected to fine Alphabet's Google $5.0B over the Android system, according to the Bloomberg's report on Wednesday.

Wed, 18 Jul 2018 09:37:17 GMT

Uber investing $500M in Mexico for five years

On Tuesday, Uber Technologies stated it had invested over $500M in Mexico since 2013, when it launched the ride-hailing service there.

Wed, 18 Jul 2018 07:57:59 GMT

Munro: Tesla's Model 3 appears to be most profitable e-vehicle

Munro & Associates head Sandy Munro on Tuesday has called Tesla's Model 3 the most profitable electric vehicle, which generates the net profit margins of over 30%.

Wed, 18 Jul 2018 07:57:02 GMT

Chinese firm Didi gets $500M funding from Booking Holdings

Didi Chuxing, China's ide-hailing service, has received a $500M investment from the US travel company Booking Holdings, amid firm's aggressive intention to expand globally.

Wed, 18 Jul 2018 06:51:06 GMT

MERMEC, Fincantieri present joint offer for tech group Vitrociset

Engineering group MERMEC and Italy's shipbuilding company Fincantieri said they had made a joint proposal for the technology firm Vitrociset, adding a deal could be signed in the near future.

Wed, 18 Jul 2018 06:50:20 GMT

Dyal in discussion to acquire in Golub Capital

Neuberger Berman Holdings subsidiary Dyal Capital Partners is in the advanced talks to acquire a minority stake in the credit investment group Golub Capital, sources familiar with the issue stated.

Wed, 18 Jul 2018 04:50:53 GMT

Poll: economists revise Australia's GDP forecast

A recent Reuters poll showed that the Australian economy is expected to grow by 2.9% in 2018 in response to solid fundamentals, compared to a 2.7% rise forecasted in April.

Wed, 18 Jul 2018 04:49:55 GMT

Malaysia's inflation slower than expected in June

The Malaysian Consumer Price Index rose 0.8% year-on-year in June, compared to the estimate of 1.4%, driven lower primarily by a removed goods-and-services tax.

Wed, 18 Jul 2018 04:15:03 GMT

Oil trades lower amid higher US inventories

The price of oil futures weakened on Wednesday following a report that US crude inventories increased last week instead of falling considerably, as previously expected.

Wed, 18 Jul 2018 04:07:15 GMT

Asian shares gain on solid US economic outlook

Asian shares opened higher early on Wednesday in response to the US Dollar strengthening after the bullish assessment of the US economy by the Fed Chair Jerome Powell.

Wed, 18 Jul 2018 03:15:18 GMT

America Movil's net profit plummets in Q2 amid currency losses

Mexico's America Movil, the biggest telecommunications company in Latin America by number of subscribers, revealed that its net profit fell 94% in the second quarter, affected by currency-related swings.

Wed, 18 Jul 2018 03:08:57 GMT

Fairfax to share costs of printing with News Corp

Australia's publisher Fairfax Media stated on Wednesday that it agreed to collaborate with rival News Corp's Australian unit on printing newspapers to diminish costs.

Wed, 18 Jul 2018 02:39:01 GMT

Eu, Japan sign trade pact due to worries about Trump

The European Union and Japan signed a wide-ranging free trade agreement that both sides would try acting as a counterweight to protectionism intentions by the US President Donald Trump.

Wed, 18 Jul 2018 02:32:55 GMT

Canada's temporary tattoo start-up wins $10M in funding

A Toronto-based start-up secured funding of $10M from venture capitalists to extend its operations in the tattoo business, the company's CEO stated on Tuesday.

Tue, 17 Jul 2018 20:31:11 GMT

Alphabet unit GV leads $16M investment in Peerspace

GV, Alphabet's venture capital arm, has led a $16M investment this month into a self-service online booking service Peerspace, the companies stated on Tuesday.

Tue, 17 Jul 2018 20:28:26 GMT

JPMorgan Chase makes investment into AI start-up Volley

JPMorgan Chase & Co has invested into San Francisco's artificial intelligence start-up Volley.com to help large companies generate training content aimed at employees automatically.

Tue, 17 Jul 2018 18:54:34 GMT

President Trump sets to speak about Putin meeting at 1800 GMT

White House Press Secretary Sarah Sanders said that President Donald Trump will speak to the nation on Tuesday at 1800 GMT regarding his meeting with Russian President Vladimir Putin in Helsinki.

Tue, 17 Jul 2018 18:54:10 GMT

US Dollar rises after Fed chair Powell remarks

The US Dollar strengthened against other major currencies on Tuesday following strong economic assessment from Federal Reserve Chairman Jerome Powell.

Tue, 17 Jul 2018 18:03:06 GMT

UK trade minister warns pro-EU rebel against trade law

Junior trade minister George Hollingbery told parliament on Tuesday that UK government cannot accept plan brought by pro-EU rebels that is likely to see Britain stay in the customs union.

Tue, 17 Jul 2018 18:02:24 GMT

Obama warns against strongmen politics

On Tuesday, former US President Barack Obama warned against the rise of strongmen politics and said the world should resist and push back.

Tue, 17 Jul 2018 17:10:09 GMT

New Goldman CEO to inherits old problems

On Tuesday, Goldman Sachs Inc nominated David Solomon as their next CEO, bringing a new period for the Wall Street Banks as it extends into different businesses.

Tue, 17 Jul 2018 17:06:20 GMT

US manufacturing and industrial production increases

Industrial and manufacturing production in the United States increased in June, because of a sharp bounce back in manufacturing and additional gains in mining output.

Tue, 17 Jul 2018 16:03:41 GMT

Goldman Sachs announces new CEO, strong profit

Goldman Sachs named new Chief Executive and reported a better-than-anticipated rise in quarterly profit, while investors were focused on weak performance in the company's main businesses.

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