News

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Thu, 08 Aug 2019 09:38:17 GMT

Westpac Banking fined for failing to report data to regulator

On Thursday, Westpac Banking Corp has been fined $1.02M by the Australian financial watchdog for failing to provide data to the regulator on time, after the as watchdog toughened stance on government's request.

Thu, 08 Aug 2019 09:34:59 GMT

China ignores sanctions on Iran

On Thursday, it was announced by three research firms that in July China has continued to import Iranian oil despite the US sanction waiver ending two months before.

Thu, 08 Aug 2019 08:33:07 GMT

HSBC names O'Byrne as global commercial banking interim head

HSBC has appointed Barry O'Byrne as the global commercial banking unit's interim head to succeed Noel Quinn as the bank's current interim chief executive.

Thu, 08 Aug 2019 07:38:26 GMT

Salesforce to acquire Israel's ClickSoftware in $1.35B deal

Salesforce, the US cloud-based service provider, has clinched a definitive agreement to buy Israel's software developer ClickSoftware in a cash and shares deal valued at $1.35B.

Thu, 08 Aug 2019 06:23:17 GMT

Nestle launches Starbucks-branded coffee sale in China

On Thursday, the food giant Nestle stated it had launched Starbucks-branded coffee sale in China, including Chinese e-commerce platforms such as Alibaba's Tmall and JD.com, as it seeks to speed up its growth in the market.

Thu, 08 Aug 2019 04:50:37 GMT

Japan to resume material's exports to South Korea

The Japanese government is expected to allow some semiconductor materials' exports to South Korea, the first approval since Tokyo tightened controls over the products' exports in July, the report by Nikkei showed.

Thu, 08 Aug 2019 04:10:49 GMT

China exports up 3.3% in July

Chinese exports grew unexpectedly 3.3% year-on-year in July, while imports declined 5.6% in the same period, leaving the country with $45.06B trade surplus, customs data revealed.

Thu, 08 Aug 2019 02:52:34 GMT

FedEx ends partnership with Amazon

FedEx confirmed that the company decided to terminate the contract with Amazon.com for ground deliveries of small packages, as the online retailer would focus on building its own delivery network.

Thu, 08 Aug 2019 02:35:22 GMT

Fox beats forecasts for quarterly profit

Media company Fox reported better-than-expected quarterly results, with profit of 0.62$ per share, while revenue grew almost 5% to $2.51B, boosted by higher fees received from operators and online distributors.

Wed, 07 Aug 2019 19:46:30 GMT

Germany's bond yields slide to record low

On Wednesday, Germany's bond yields slide to a new record low, as a bigger-than-anticipated 50 basis points cut by the Central Bank of New Zealand and weak German data pressure the bond markets.

Wed, 07 Aug 2019 18:54:41 GMT

US stocks decline on Wednesday

Wall Street's main indexes edged lower on Wednesday. The decline was attributed to the escalating trade tensions between the United States and China.

Wed, 07 Aug 2019 18:01:12 GMT

CVS Health raises 2019 earnings forecast

Shares of CVS Health Corp were up by 5% on Wednesday after the company reported better-than-expected Q2 results and raised its 2019 profit forecast.

Wed, 07 Aug 2019 17:02:09 GMT

Trump shrugs off trade tensions fear

President Donald Trump rejected concerns over a protracted trade war with Beijing, as China warned that the US decision to label the country a currency manipulator would hurt global financial markets.

Wed, 07 Aug 2019 15:52:23 GMT

Toshiba Q1 profit soars on cost cuts

On Wednesday, Japan's Toshiba reported a ten-fold hike to $73.49M in its Q1 operating profit, as the Japanese company sped up its cost cuts across units, but still missed analysts' forecasts.

Wed, 07 Aug 2019 14:47:02 GMT

Disney to offer scope of streaming services at Netflix price

Walt Disney Co announced it would launch a bundle of three streaming services, which includes its family-friendly digital offering Disney+, the sports service ESPN+ and Hulu, at a price of $13 starting from November, seeking to lure audience from Netflix.

Wed, 07 Aug 2019 14:35:52 GMT

Irish minister sees no-deal Brexit to hit in October

An Irish government minister stated he assumed that Britain would leave the EU bloc in October without a deal, triggering a tough economic shock, which could require the pan-European financial support for some countries, including Ireland.

Wed, 07 Aug 2019 13:29:38 GMT

Tesla explores price hikes in China

The US electric carmaker Tesla is exploring an option to increase prices on its vehicles in China starting from September due to yuan-related uncertainty, sources close to the matter reported to Reuters.

Wed, 07 Aug 2019 12:37:56 GMT

British Airways IT issues cause chaos for passengers

British Airways' IT systems issues created chaos for thousands of passengers due to flight delays, cancellations and long airport queues in the carrier's third major computer glitch in almost two years.

Wed, 07 Aug 2019 10:18:57 GMT

Mastercard plans partial Nets acquisition

Payments processor Mastercard is planning an acquisition of a majority part of the Scandinavian payments firm Nets's corporate services businesses, in a deal worth $3.19B, as it seeks to accelerate its expansion in the Nordic markets.

Wed, 07 Aug 2019 09:46:46 GMT

Oil prices reach low level

By the middle of Wednesday's trading session, crude oil price benchmarks had reached a seven month low level. The move was attributed to various factors without highlighting a certain reason.

Wed, 07 Aug 2019 08:17:54 GMT

RBI lowers rate to 5.40%

On Wednesday, the Reserve Bank of India downgraded the INREPO=ECI interest rate by 35 basis points to 5.40% in an attempt to boost growth of the economy.

Wed, 07 Aug 2019 06:56:36 GMT

Disney earnings miss forecasts

Shares of Walt Disney dropped as much as 5% in after-hours trading to $135 after the company announced missed earnings.

Wed, 07 Aug 2019 06:02:12 GMT

US Dollar falls against the Yen

The US Dollar edged lower against the Japanese Yen and the Chinese Yuan weakened, as traders and investors remain cautious about the People's Bank of China currency policy.

Wed, 07 Aug 2019 05:02:12 GMT

Oil prices remain stable on Wednesday

On Wednesday, crude oil prices remained stable after falling at the beginning of the Asian session, as the US-China trade war remains in focus. The international benchmark Brent crude was at $58.97 a barrel.

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