News

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Sat, 21 Dec 2019 08:31:42 GMT

Lone Star to acquire construction chemicals unit of BASF

Lone Star has entered an agreement to buy construction chemicals unit of BASF for €3.17B on a debt-free and cash basis.

Sat, 21 Dec 2019 06:41:09 GMT

Ukraine, Russia deal on gas transit to EU

Moscow and Kiev signed the agreement covering the supply of Russia's gas via Ukraine to Europe in the main step towards finalising the deal.

Sat, 21 Dec 2019 06:29:18 GMT

MSC to re-route cargoes amid French strikes

Container shipping firm MSC stated that it was implementing plans to re-route container ships from French ports, if necessary, amid strikes in the country.

Sat, 21 Dec 2019 05:11:33 GMT

PayPal finishes acquisition of GoPay

PayPal announced that it completed an acquisition of equity interest of 70% in GoPay after approval of the transaction by the PBoC.

Sat, 21 Dec 2019 04:27:26 GMT

ViacomCBS to take stake in Miramax

Media company ViacomCBS announced that it is set to take a stake of 49% in Miramax, the film studio owned by BeIN Media Group, in a $375M deal.

Sat, 21 Dec 2019 00:06:54 GMT

France fines Google for opaque ad rules

France's watchdog fined Google €150M for abusing power on the treatment of advertisers, adding that it applied opaque rules.

Fri, 20 Dec 2019 21:18:58 GMT

Fiat unions get assurances on investment, jobs

Unions at Fiat Chrysler stated that management provided assurances and a plan of €5B investment in Italy, following the group's merger with PSA.

Fri, 20 Dec 2019 20:32:09 GMT

Nike reports strong quarterly results

Nike's quarterly profit and revenue surpassed Wall Street expectations on strong Chinese sales, though growth in North America was lower than expected.

Fri, 20 Dec 2019 19:17:54 GMT

China's e-cigarette industry to cut staff, slow production

China's e-cigarette industry laid off nearly 50K people since October, almost 10%, as tighter regulation in China and the US smother the sector.

Fri, 20 Dec 2019 17:29:44 GMT

NTT, Mitsubishi to buy 30% in HERE

HERE Technologies announced that it sold a stake of 30% to Nippon Telegraph and Telephone and Mitsubishi, diluting carmakers' stake to 54%.

Fri, 20 Dec 2019 16:43:22 GMT

BlackBerry beats revenue forecast

BlackBerry surpassed quarterly revenue estimate on higher security software and licensing sales, sending shares 5.8% up in premarket trading.

Fri, 20 Dec 2019 15:44:08 GMT

J&J to acquire remaining stake in Verb Surgical

Johnson & Johnson stated that it is set to acquire Verb Surgical, buying the remaining stake from Verily, in a bid to bolster digital surgery portfolio.

Fri, 20 Dec 2019 14:40:35 GMT

Shell cuts sales forecast

On Friday, Royal Dutch Shell announced that it is cutting its quarterly oils product sales forecast, as there is decreasing demand for gas and oil.

Fri, 20 Dec 2019 13:40:37 GMT

UK revises economic growth

During the third quarter of this year, UK economy has grown more than previously thought. The economy had grown by 0.4% instead of the 0.3% estimate.

Fri, 20 Dec 2019 12:40:56 GMT

UK names new Bank of England Governor

The new government of the United Kingdom on Friday announced that Andrew Bailey from the Financial Conduct Authority would be the next Governor of the Bank of England.

Fri, 20 Dec 2019 11:49:33 GMT

China comments on imports

On Friday, Chinese officials announced that China would import more than $40 billion of agriculture goods from the US, as agreed upon in the Phase 1 of the US-China trade deal.

Fri, 20 Dec 2019 10:40:41 GMT

Stocks surge on Friday

During Friday's Asian and European trading sessions, global stock indices surged and reached record high levels.

Fri, 20 Dec 2019 10:11:26 GMT

ECB comments on policy

On Friday, ECB officials announced that Eurozone banks are taking almost full advantage of the ECB's deposit facility.

Fri, 20 Dec 2019 09:06:32 GMT

Asian shares remain near 18-month highs

Asian shares remained near an eighteen-month high on Friday, as investors and traders absorb the gains made in December.

Fri, 20 Dec 2019 08:04:33 GMT

Mexico's Central Bank cuts interest rate

On Thursday, the Central Bank of Mexico cut the country's interest rate by 25 basis points. The decision marks the bank's fourth straight cut.

Fri, 20 Dec 2019 07:03:23 GMT

Japan's government approves record budget spending

On Friday, the Japanese Finance Minister Taro Aso said that the government has approved $939B budget spending plan for the fiscal year of 2020/2021.

Fri, 20 Dec 2019 05:43:31 GMT

UK plans tax cut

On Thursday, the Prime Minister of the United Kingdom Boris Johnson announced that for some business sectors the government intends to introduce a tax discount.

Fri, 20 Dec 2019 05:33:49 GMT

Airbnb wins European lawsuit

The US home sharing company Airbnb on Thursday scored a victory in a legal battle to be exempt from European property rules. A top EU court ruled that Airbnb is an online platform not a property agent.

Fri, 20 Dec 2019 04:31:07 GMT

Goldman Sachs negotiates $2 billion settlement

On Thursday, the Wall Street Journal revealed that the Goldman Sachs Group is negotiating with the US government to receive a $2 billion fine for its involvement in Malaysian corruption.

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