News

Note: This section contains information in English only.
Fri, 03 May 2019 11:55:44 GMT

Brussels delays deadline on E.ON deal review

The EU Commission suspended the review deadline on the E.ON planned acquisition of Innogy retail and network assets, the watchdog announced on Thursday.

Fri, 03 May 2019 11:14:57 GMT

Italy's F2i makes bid fir Telecom's Persidera

F2i, Italy's infrastructure fund, submitted an offer for the Telecom Italia's broadcasting unit Persidera, valued at between €240M-€250M, according to Reuters.

Fri, 03 May 2019 09:50:15 GMT

Oil prices should book weekly decline

During the early hours of Friday's London trading session, crude oil price benchmarks declined. If the trend continued until the end of the day, oil prices would book a weekly decline.

Fri, 03 May 2019 09:49:32 GMT

EU leaders will meet after election

On Friday, it was announced by EU officials that a meeting of the national leaders of the European Union will be held just after the European Parliament election, on May 28.

Fri, 03 May 2019 09:37:11 GMT

Uiper picks new CFO, CEO

German utility Uniper has appointed new Chief Financial Officer and Chief Executive with the supervisory board's unanimous support in the sign of the progress in Finland's Fortum row.

Fri, 03 May 2019 09:34:11 GMT

Superloop in talks to acquire investment manager

On Friday, Superloop has received a $345.53M takeover bid from the QIC Private Capital group for its telecommunications infrastructure firm, sending Superloop's shares up to 7.7%.

Fri, 03 May 2019 08:20:44 GMT

FCA finalises Magneti Marelli sale

Fiat Chrysler Automobiles compeleted its €5.8B sale of Magneti Marelli, the car parts unit, to Calsonic Kansei, slightly below the company's initial price tag after changing the financial position.

Fri, 03 May 2019 08:20:39 GMT

Caixa seeks more partners for insurance unit

Brazil's Caixa Econômica Federal plans to lure at least two more partners for Caixa Seguridade, the lender's insurance business, before its IPO takes place by September, the CEO Pedro Guimarães stated.

Fri, 03 May 2019 06:59:25 GMT

3M to acquire medical device developer Acelity for $6.7B

3M announced it would take over the privately owned medical device developer Acelity in a deal that had a v valuation of $6.7B, including debt, on the back of the US industrial conglomerate's intention to expand the business in the medical products.

Fri, 03 May 2019 06:40:01 GMT

Sinclair to acquire Disney's sports networks

Sinclair Broadcast Group has reached an agreement to acquire about 21 Walt Disney's regional sports networks in a deal worth at over $10B, the WSJ reported on Thursday.

Fri, 03 May 2019 06:37:24 GMT

Verizon considers selling Tumblr

On Thursday, Verizon Communications is exploring a sale of the blogging website Tumblr amid the wireless carrier's efforts to boost the fortunes of its Verizon Media Group, according to the Wall Street Journal.

Fri, 03 May 2019 03:29:26 GMT

GM considers $1B plant investment

General Motors was considering a $1B incentive at the company's assembly plant in Missouri, where it builds trucks and vans, state officials stated on Thursday.

Fri, 03 May 2019 03:25:41 GMT

Share price of Beyond Meat more than doubles in IPO

Shares of Beyond Meat, the vegan burger maker, grew more than 160% in the market debut with stocks opening at $46, above $25 IPO price, as investors looked to cash in on the first listed veggie meat firm and higer popularity of meat alternatives.

Fri, 03 May 2019 02:37:38 GMT

Cognizant cuts forecasts for this year

Cognizant Technology Solutions almost halved its revenue expectations for 2019 after missing Q1 results amid sluggish demand in financial and healthcare businesses, with the shares dropping 6% after the data release.

Fri, 03 May 2019 02:33:29 GMT

Ireland's services growth weakens in April

The Irish services sector expansion slowed in April, with the PMI to 54.7 from 55.3, suggesting that the economy started the second quarter at a moderate pace due to the global slowdown.

Thu, 02 May 2019 19:55:30 GMT

Moore withdraws from Fed consideration

On Thursday, the US President Donald Trump announced that Steve Moore has withdrawn from consideration for a seat on the US Federal Reserve's Board of Governors.

Thu, 02 May 2019 19:55:23 GMT

Emerging market countries need to expand FX crisis toolkits

On Thursday, the Bank for International Settlements said that developing countries need to expand their foreign exchange crisis toolkits.

Thu, 02 May 2019 18:51:46 GMT

European shares turn lower

European shares edged lower on Thursday after the US Federal Reserve quashed hopes of interest rates cuts.

Thu, 02 May 2019 18:51:18 GMT

Wall Street decline on Thursday

Wall Street edged lower on Thursday, led by a decline in energy stocks, as the US Federal Reserve now was seen as less likely to cut interest rates.

Thu, 02 May 2019 18:05:06 GMT

Dollar index and bond yields edge higher

The dollar index, which measures the Greenback against a basket of major currencies, and bond yields strengthened for a second day on Thursday, as the US Federal Reserve dampened rate cut bets.

Thu, 02 May 2019 18:04:13 GMT

Global equity markets decline

Global stocks edged lower for a second consecutive trading session on Thursday, as the US Federal Reserve dampened interest rates cut bets.

Thu, 02 May 2019 16:54:03 GMT

Tesla seeks nearly $2.3B from debt, share issues

Tesla made issues of the company's new shares and more than $2B worth debt, sending shares more than 5% up, as the CEO Elon Musk announced the plan to raise capital.

Thu, 02 May 2019 16:53:40 GMT

DowDuPont reports 28% lower profit

DowDuPont reported a 28% decrease in adjusted profit for the quarter, affected by weaker chemical demand, sending the company's shares down 1% to $37.06 in pre-market trading.

Thu, 02 May 2019 15:50:13 GMT

Kellogg's earnings decline 36.5%, shares fall

Kellogg stated it will replace the company's CFO, and reported a 36.5 % drop in first-quarter earnings amid higher costs and the strong USD, sending shares 5% down pre-market trading.

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