News

Note: This section contains information in English only.
Wed, 30 Oct 2019 06:03:03 GMT

Tusk comments on Brexit extension

Donald Tusk, the outgoing President of the European Council, said on Tuesday that the latest Brexit delay agreed by the European Union leaders might be the last one.

Wed, 30 Oct 2019 05:03:59 GMT

Lebanon's PM Hariri resigns amid mass protests

Lebanon's Prime Minister Saad al-Hariri announced his resignation on Tuesday, yielding to the demands of protesters, who have staged a nationwide protest for nearly two weeks.

Wed, 30 Oct 2019 04:02:52 GMT

Estonia opens criminal investigation into Swedbank

According to a statement from Estonia's prosecutor office on Tuesday, the Estonian police and prosecutor have opened a criminal probe into Swedbank over the money laundering scandal.

Wed, 30 Oct 2019 03:20:58 GMT

South Africa's government plans to split Eskom

The South African government planned to split state power service Eskom into three units to increase efficiency and competition in the country's power sector.

Tue, 29 Oct 2019 20:44:31 GMT

Aker partners with Saudi Aramco

Saudi Aramco and Norway's Aker, the world's largest oil producer, inked a MoU to cooperate on green solutions and industrial digitalization.

Tue, 29 Oct 2019 19:41:18 GMT

Newlat targets €200M acquisition in 2020

Italy's food group Newlat planned a €200M acquisition in 2020, after the company's shares began trading on the Milan bourse this Tuesday.

Tue, 29 Oct 2019 19:39:35 GMT

Campari reports better-than-expected sales

Italy's Campari reported sale growth in the Q3, with turnover rising 4.9%, driven by a surge in Aperol sales, while EBIT rose to £249M.

Tue, 29 Oct 2019 18:11:06 GMT

Scopely raises $200M

Mobile game company Scopely announced that it raised $200M in the latest funding round led by NewView Capital, bringing its valuation to $1.7B.

Tue, 29 Oct 2019 16:43:01 GMT

AutoNation profit above estimates

AutoNation reported a stronger-than-expected quarterly profit, as increased demand for used cars offset declines in new car sales.

Tue, 29 Oct 2019 16:29:30 GMT

Kellogg's profit beat expectations

Kellogg Co's quarterly profit and revenue beat Wall Street forecast, as demand for snacks and frozen foods cushioned the sluggish sales for cereals' impact.

Tue, 29 Oct 2019 14:47:26 GMT

Mastercard beats Q3 profit estimates

Mastercard reported on Tuesday a better-than-expected profit that surged to $2.11B in the Q3, ended September 30, from the last year's $1.9B reading, driven by a robust consumer spending.

Tue, 29 Oct 2019 14:01:49 GMT

GM trims 2019 outlook amid UAW strike

On Tuesday, General Motors has trimmed its 2019 earnings outlook due to the 40-day US labour strike triggered by the UAW union that would cost the company about $3.0B in profits in 2019.

Tue, 29 Oct 2019 12:52:11 GMT

Pfizer raises earnings forecast

On Tuesday, the US drug maker Pfizer stated that the company is increasing its 2019 earnings forecast. The announcement caused a surge of Pfizer's stock price.

Tue, 29 Oct 2019 11:41:32 GMT

Merck beats profit estimates

Merck announced larger than estimated quarterly earnings on Tuesday. The event caused a surge of the company's stock price.

Tue, 29 Oct 2019 10:42:29 GMT

Air Canada misses earnings

On Tuesday, Air Canada reported that in the third quarter it had missed its earnings. The announcement caused a decline of the company's stock price.

Tue, 29 Oct 2019 10:01:09 GMT

IndiGo nears placing 300-jet Airbus deal

IndiGo, the Indian budget airline, is nearing to place a mammoth order over 300 Airbus A320neo-family aircraft worth $33B, seeking to strengthen its position as the largest carrier in India by market share.

Tue, 29 Oct 2019 09:38:51 GMT

LVMH makes bid for Tiffany & Co

LVMH has made an offer to acquire Tiffany & Co, as the Bulgari and Louis Vuitton owner seeks to boost its presence in the jewellery, sending Tiffany's shares up 31% to its one-year highs at about $130 in New York.

Tue, 29 Oct 2019 07:44:28 GMT

ByteDance denies immediate HK IPO plans

On Tuesday, the video app TikTok's owner ByteDance has denied a report by Financial Times saying the company had immediate plans for the Hong Kong initial public offering, namely in the Q1 of 2020.

Tue, 29 Oct 2019 07:39:09 GMT

Saudi Aramco plans IPO for November 3

Saudi Aramco is planning to trigger its long-awaited initial public offering on November 3, sources reported to Reuters on Tuesday, after postponing the listing to provide advisers with more time to secure investors.

Tue, 29 Oct 2019 06:11:57 GMT

Beyond Meat shares fall

As Beyond Meat announced on Monday new store discounts and revealed an increase of competition, the share price of the company declined.

Tue, 29 Oct 2019 04:41:13 GMT

Amazon could fight Pentagon

On Monday, it was revealed by Reuters that Amazon could challenge the Pentagon's decision to award a $10 billion cloud computing contract to Microsoft.

Tue, 29 Oct 2019 04:28:57 GMT

Lockheed Martin receives new contract

The Pentagon announced on Monday that Lockheed Martin has received a $7 billion defence contract. The news caused a surge of the company's price.

Tue, 29 Oct 2019 03:06:40 GMT

Boeing CEO comments on 737 MAX

On Monday, the Chief Executive of Boeing Dennis Muilenburg stated that he would acknowledge to the US Congress the mistakes made in the development of the 737 MAX airplane.

Mon, 28 Oct 2019 20:41:27 GMT

Apollo lifts Athene stake to bolster its value

Apollo Global Management, the private equity firm, announced on Monday it would pay $1.6B to lift its stake in the retirement services company Athene Holdings in a bid to boost its stock.

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