News

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Tue, 20 Aug 2019 13:31:09 GMT

Kohl's Q2 profit tops estimates, shares up

On Tuesday, Kohl's Corp, the department store operator, posted better-than-expected, sending its shares up almost 6% in premarket trade.

Tue, 20 Aug 2019 11:55:29 GMT

Elanco acquires Bayer's unit for $7.6B

On Tuesday, Elanco Animal Health has agreed to acquire Bayer's veterinary drugs unit in a cash-and-stock deal worth $7.6B, establishing the second biggest animal health business.

Tue, 20 Aug 2019 11:37:00 GMT

FTC says Facebook brands' merger may hamper its split

The FTC Chairman Joseph Simons stated that Facebook's plan to merge Instagram and WhatsApp could hamper any attempts to split the social media titan, according to the Financial Times.

Tue, 20 Aug 2019 10:05:20 GMT

China's Baidu tops earnings forecasts, shares soar

On Monday, Baidu, China's internet search giant, has topped quarterly earnings expectations, after adding more subscribers to the company's video streaming service, surging the shares 9% in after-hours trading.

Tue, 20 Aug 2019 08:13:20 GMT

WhatsApp plans to roll up mobile payments in Indonesia

Facebook's messaging service WhatsApp has entered talks with various Indonesian digital payment companies to offer mobile transaction services, as the messenger seeks to expand its footprint in the local fast-growing e-commerce sector.

Tue, 20 Aug 2019 06:54:33 GMT

French retailer Casino aims at further €2B of asset sales

France's supermarket retailer Casino is seeking a further €2.0B of asset sales, accelerating plans to trim debt and boost its financial performance.

Tue, 20 Aug 2019 06:38:56 GMT

Sony plans Insomniac Games acquisition

Sony Interactive Entertainment, the PlayStation console maker, announced it would acquire the privately owned "Spider-Man" developer Insomniac Games, as the Japanese company seeks to boost its game offerings amid the rival game streaming services launches from rival companies.

Tue, 20 Aug 2019 03:08:04 GMT

France's tax on digital services harms global reform

Major tech companies and the US tech industry group stated that France's new tax on digital services undermined the tax regime globally and efforts to reform it.

Tue, 20 Aug 2019 02:41:06 GMT

Gazprom, Equinor lose market share on LNG surge

Europe's two largest suppliers of pipeline gas, Russia's Gazprom and Norway's Equinor, lost market share at first in more than four years due to a tripling in LNG imports into the area over the past ten months.

Mon, 19 Aug 2019 19:55:01 GMT

US stocks surge on Monday

Wall Street's main indexes rallied on Monday, buoyed by signs that measures would be adopted to bolster slowing growth in major economies.

Mon, 19 Aug 2019 18:58:54 GMT

European shares edge higher on Monday

European shares extended its gains for a second consecutive trading session on Monday, fueled by signs that major economies would act to bolster slowing growth.

Mon, 19 Aug 2019 18:04:53 GMT

Top CEOs say firms should focus on social responsibilities

On Monday, a group of top corporate CEOs said that companies should put more effort into social responsibilities above profits.

Mon, 19 Aug 2019 16:49:10 GMT

France's Macron hopes to hold leaders' summit over Ukraine

France's President Emmanuel Macron stated he hoped that negotiations with the Russian President Vladimir Putin this Monday would end up with the leaders' summit over the Ukrainian crisis in coming weeks.

Mon, 19 Aug 2019 15:57:25 GMT

Pope seen to visit Thailand in November

Pope Francis is likely to make an official visit to Thailand in November, right ahead of his already announced trip to Japan, the Vatican sources familiar with the matter stated on Monday.

Mon, 19 Aug 2019 15:39:16 GMT

IG Metall drops AMS takeover bid for Osram

IG Metal, Germany's powerful union representing Osram employees' interests, rejected on Monday a planned takeover bid from Austria's sensor specialist AMS, saying the offer was not convincing enough.

Mon, 19 Aug 2019 14:22:18 GMT

Thailand calls on tech firms to build centres in Southeast Asia

Thailand called on the technology companies to set up their centres in all of the Southeast Asian countries to stem the "fake news" flow, the Thai telecoms regulator announced on Monday.

Mon, 19 Aug 2019 13:35:05 GMT

US extends Huawei Tech reprieve to more 90 days

On Monday, Wilbur Ross, the US Commerce Secretary, announced that the US government granted another 90 days to Huawei Technologies that allows the Chinese tech giant purchase supplies from the American firms to service existing customers.

Mon, 19 Aug 2019 12:22:54 GMT

British PM Johnson seeks delivering his Brexit message

Boris Johnson, the British Prime Minister, is planning to deliver his Brexit message to the German Chancellor Angela Merkel and France's President Emmanuel Macron during his visits planned for this week.

Mon, 19 Aug 2019 11:20:59 GMT

Juul Labs attracts $325M in equity, debt financing

Juul Labs, the e-cigarette maker, has attracted $325M in the equity and debt financing amid the company's intention to accelerate its global expansion while facing the US regulatory scrutiny, according to a regulatory filing sene on Monday.

Mon, 19 Aug 2019 10:37:10 GMT

Shell launches EV chargers in Singapore

Royal Dutch Shell has rolled out its electric vehicle chargers located at the Singapore petrol stations, the first such a launch in Southeast Asia, the oil and gas giant announced on Monday.

Mon, 19 Aug 2019 09:39:38 GMT

Trump refuses doing business with Huawei

On Sunday, the US President Donald Trump stated he was against the United States doing business with the Chinese tech giant Huawei amid a ban imposed on the company.

Mon, 19 Aug 2019 08:39:45 GMT

Uber names new British boss amid London licence renewal

On Monday, Uber has appointed a new head for Britain and Ireland right ahead of the London licence renewal, after the current probationary licence expires on September 15.

Mon, 19 Aug 2019 07:37:27 GMT

Microsoft, Nvidia tie up over realistic visuals on Minecraft game

On Monday, Microsoft announced it would use the chipmaker Nvidia's technology of real-time ray tracing to provide its players of the Minecraft video game with even more realistic graphics on the PCs.

Mon, 19 Aug 2019 05:50:58 GMT

South Korea's KCGI looks at Asiana Airlines stake

KCGI, the South Korean activist fund, is seeking to acquire about 31.05% majority stake of its rival Asiana Airlines worth $282B, the KCGI CEO Kang Sung-boo stated to Reuters.

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