News

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Mon, 28 Oct 2019 15:47:40 GMT

Carlsberg expects 10% profit rise

Danish brewer Carlsberg revised its annual profit forecast, adding that it anticipates operating profit to increase nearly 10%.

Mon, 28 Oct 2019 15:00:47 GMT

Microsoft shares rise 3.4% on Pentagon's contract win

On Monday, Microsoft's shares surged 3.4% to $145.50 after the tech giant won Pentagon's $10.0B worth cloud computing JEDI contract.

Mon, 28 Oct 2019 14:32:00 GMT

Spotify reports better-than-expected Q3 profit, revenue

Spotify Technology SA reported on Monday surprise Q3 profit and revenue, beating Wall Street's forecasts, as the US music streaming service had added more subscribers than estimated, sending the company's shares up 9%.

Mon, 28 Oct 2019 12:27:57 GMT

AT&T plans adding two new board members

On Monday, AT&T Inc stated it would add new directors to its board, adding it was also considering a sale-off up to $10.0B worth of its non-core businesses in 2020.

Mon, 28 Oct 2019 12:18:52 GMT

HSBC warns of a costly restructuring

HSBC Holdings dropped its next year's profit target, reporting a plunge in its earnings and warning of a potential costly restructuring, the company's interim CEO Noel Quinn stated on Monday.

Mon, 28 Oct 2019 10:47:01 GMT

EU extends Brexit deadline

On Monday, the European Union agreed to a three month Brexit delay. Namely, January 31 was set as the date of Brexit.

Mon, 28 Oct 2019 10:29:44 GMT

UniCredit hit by Italian client records data breach

On Monday, UniCredit stated that a data breach had been identified by its cybersecurity team, involving files that contained about 3M Italian client records.

Mon, 28 Oct 2019 08:44:12 GMT

UK to roll out more mobile airwaves next year

Britain is eager to roll out more mobile airwaves via an auction next year, seeking to boost mobile services, enabling more businesses and people to access the next generation 5G networks, according to a regulator Ofcom.

Mon, 28 Oct 2019 08:32:44 GMT

Prologis to acquire warehouse rival Liberty for $12.6B

On Sunday, the warehouse giant Prologis announced it would acquire Liberty Property Trust, it rival industrial real-estate unit, in a deal worth $12.6BB to boost its US presence due to the e-commerce boom.

Mon, 28 Oct 2019 06:33:37 GMT

Oil prices decline amid market data

Crude oil prices dropped 16 cents or 0.3% on Monday morning, reaching $56.50 a barrel, amid profit decline of Chinese industrial companies.

Mon, 28 Oct 2019 05:06:20 GMT

US Congresswoman Hill resigns

Katie Hill, member of the US Congress from the state of California, resigned on Sunday amid disclosure of her relationship with a campaign staffer.

Mon, 28 Oct 2019 04:09:11 GMT

UK's PM Johnson steps up pressure on lawmakers

On Sunday, the UK government increased pressure on lawmakers to support the PM Boris Johnson's bid to hold a general election on December 12.

Mon, 28 Oct 2019 03:11:32 GMT

Louis Vuitton offers to buy Tiffany & Co

According to sources with knowledge of the matter, Louis Vuitton has submitted a preliminary non-binding offer to the US luxury jeweller Tiffany & Co.

Sun, 27 Oct 2019 21:09:13 GMT

Brazil, UAE agree to deepen trade ties

The United Arab Emirates and Brazil agreed to extend trade between the two countries and foster investment fund cooperation in sectors such as infrastructure, agribusiness, defence and energy.

Sun, 27 Oct 2019 20:20:43 GMT

JLR gets Chinese sales boost

Jaguar Land Rove reported a quarterly pre-tax profit of £156M with revenues increasing 8% to £6.1B, after the company saw a big boost to sales in China.

Sun, 27 Oct 2019 17:44:01 GMT

China studies blockchain application for Forex

China was studying the application of AI and blockchain in cross-border funding with emphasis on risk management, and is set to further liberalise the country's capital markets.

Sun, 27 Oct 2019 17:27:18 GMT

IBM to build AI Innovation Centre in China

IBM China signed a three-year partnership deal with Shanghai to build the first Watson Build AI Innovation Centre in China, aiming to cultivate AI talent and expand AI applications.

Sun, 27 Oct 2019 15:49:58 GMT

US duty-free loss to cost Thai $60M

Thai exporters having lost the duty-free status for some goods sold to the US are likely incur losses of $59.68M, the Commerce Minister stated.

Sun, 27 Oct 2019 14:45:51 GMT

Portugal's PM aims 25% rise in minimum wage

Antonio Costa, Portugal's Prime Minister, pledged to increase the monthly minimum wage 25% to $830 by 2023, while reiterating the aim to cut public debt to below 100% of the country's GDP.

Sun, 27 Oct 2019 13:49:24 GMT

Ambev: price hikes hinder Brazil beer volumes

Brazil's beverages company Ambev SA anticipated some of the headwinds, which hurt Q3 results, as recent prices increases in the country kept a lid on volumes of beer.

Sun, 27 Oct 2019 12:48:30 GMT

LVMH offers to buy Tiffany

Louis Vuitton owner LVMH approached Tiffany & Co with the offer of acquisition, while the US luxury jeweller grapples with tariffs' impact on exports to China.

Sun, 27 Oct 2019 11:59:02 GMT

Chinese industrial profits decline 5.3%

Profits at Chinese industrial companies contracted for the second month in succession, falling 5.3% in September, as producer prices kept sliding.

Sun, 27 Oct 2019 11:02:19 GMT

Wells Fargo lays off 200 bankers

Wells Fargo & Co laid off at least 200 business bankers in the US lending divisions, restructuring some units, a source familiar with the matter stated.

Sun, 27 Oct 2019 09:53:54 GMT

BNDES to bring forward $2.5B dividend payments to govt

Brazil's BNDES is expected bring forward nearly $2.5B in dividends to the government in 2019 to support the public finances.

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