News

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Tue, 17 Apr 2018 18:32:27 GMT

Twitter shares soar on Morgan Stanley's upgrade

Shares of Twitter surged almost 11% on Tuesday after Morgan Stanley had upgraded its social network's recommendation to "equal-weight" from "underweight".

Tue, 17 Apr 2018 18:12:22 GMT

Starbucks to shut down all company-owned stores on May 29

On Tuesday, Starbucks announced it would close all of the company-owned stores in the United States on May 29, as it planned conducting a racial-bias education programme.

Tue, 17 Apr 2018 17:25:11 GMT

Germany welcomes China's decision to open key industrial markets

The German Economy Minister welcomed China's move to launch some industrial markets in its key sector and cut the existing legislative limitations to foreign investment.

Tue, 17 Apr 2018 16:57:50 GMT

Netflix shares hit all-time high on rise in subscribers

On Tuesday, shares of Netflix hit their all-time high of $336.11, up 9.2%, following a report on a strong surge in subscribers for the online video streaming service.

Tue, 17 Apr 2018 16:32:04 GMT

Blue Harbour's head says Open Text likely to be acquired

On Tuesday, the Chief Executive Officer of Blue Harbour Cliff Robbins stated at the New York conference that Canada's business information and software firm Open Text could be acquired.

Tue, 17 Apr 2018 16:28:02 GMT

Tech firms requested to hand over users' data to EU

Technology firms such as Microsoft, Facebook and Google will be required to provide users' private data to the EU law enforcement officials, including the data stored on servers located outside the bloc.

Tue, 17 Apr 2018 15:19:01 GMT

M&S to shut down Hardwick distribution centre in England

On Tuesday, Marks & Spencer announced about the closure of its Hardwick distribution centre in the Northwest England, affecting 450 contractors who supplied home products and clothing to the stores.

Tue, 17 Apr 2018 14:52:42 GMT

RBS to make $5B contribution to pension scheme

The Royal Bank of Scotland stated on Tuesday it would make a $5B contribution to the pension scheme within the following years.

Tue, 17 Apr 2018 14:36:57 GMT

IMF top economist still expects trade war avoidance

The chief economist of the International Monetary Fund Maurice Obstfeld stated hoped for China and the United States to avoid trade war through the negotiations.

Tue, 17 Apr 2018 14:31:33 GMT

Russia demands Apple, Google to eliminate Telegram from stores

On Tuesday, the Russian telecommunications regulator requested Apple and Google to remove Telegram, the encrypted messenger service, from the application stores.

Tue, 17 Apr 2018 13:08:10 GMT

China reports robust economic growth in Q1

On Tuesday, China has posted strong economic growth of 6.8% in the Q1, driven by good property investment and robust consumer demand.

Tue, 17 Apr 2018 12:52:45 GMT

J&J pharmaceuticals sales rise in Q1

Johnson & Johnson pharmaceuticals sales surges 19.4% to $9.84B, boosted by its cancer drugs sales, such as Zytiga, Imbruvica and Darzalex that soared 45% to $2.31B in the Q1.

Tue, 17 Apr 2018 12:36:52 GMT

J&J posts better-than-expected Q1 profit

On Tuesday, Johnson & Johnson reported its Q1 profit had beaten analysts' expectation due to a high demand for the company's cancer drugs.

Tue, 17 Apr 2018 12:34:01 GMT

Deutsche Bank terminates talks to sell India business

Deutsche Bank ended negotiations over sale of its India's wealth and retail management business to the private lender called IndusInd Bank, sources familiar with the matter reported on Tuesday.

Tue, 17 Apr 2018 11:35:45 GMT

Amazon seeks shipping in Brazil, in talks with Azul Airline

Amazon.com is currently in talks with the Brazil's airline Azul, as it seeks to ship goods in the country amid retailer's plans on the Latin American largest economy.

Tue, 17 Apr 2018 11:32:08 GMT

Merkel, Putin negotiates Syrian situation by phone

Germany's Chancellor Angela Merkel and Russia's President Vladimir Putin held a phone call discussion over the Nord Stream 2 pipeline and Syria's situation, the Kremlin stated.

Tue, 17 Apr 2018 10:20:22 GMT

UK unemployment rate beats expectations in February

The British Office for National Statistics reported on Tuesday that the UK unemployment rate fell to a record low of 4.2% in February, compared to an estimate of 4.3%.

Tue, 17 Apr 2018 10:00:39 GMT

German investor sentiment plunges 8.1% in April

The ZEW institute reported on Tuesday that the German investor sentiment dropped by 8.2% in April due to weak economic data.

Tue, 17 Apr 2018 09:33:08 GMT

Sanofi considers selling generics arm for $2.4B

France's healthcare group Sanofi is in negotiations to sell its EU generics drugs arm Zentiva to Advent International, the US private equity firm, for $2.4B, the companies announced on Tuesday.

Tue, 17 Apr 2018 09:07:26 GMT

Edeka, Nestle discuss new accord after reaching price deal

The German grocer Edeka and the Swiss food company Nestle are discussing details of a new pact, after reaching a compromise in the month-long rice low.

Tue, 17 Apr 2018 07:56:14 GMT

South Korean top officials likely to visit North ahead of summit

South Korea's senior officials are expected to visit Pyongyang right ahead of the summit between the South and North leaders Moon Jae-in and Kim Jong Un scheduled for the next week.

Tue, 17 Apr 2018 07:55:58 GMT

German SPD calls on Merkel's Conservatives to step up EZ reform

On Tuesday, the German Social Democrat Party urged the Chancellor Angela Merkel's Conservatives to speed up backing their proposals over the Euro zone reform on the back of the coalition deal.

Tue, 17 Apr 2018 07:13:07 GMT

Toyota to start selling 'talking' cars in US in 2021

Toyota Motor is planning to launch sale of the 'talking' vehicles in the United States as soon as in 2021 with the new cars communicating with each other to prevent thousands of accidents on the roads.

Tue, 17 Apr 2018 07:08:10 GMT

Britain's JD Wetherspoon shuts social media accounts in protest

On Monday, the UK pubs group JD Wetherspoon has shut down all its accounts in social media in protest against the accusations of personal data misuse.

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