News

Note: This section contains information in English only.
Tue, 26 Feb 2019 19:03:50 GMT

US homebuilding declines

US official data released on Tuesday revealed that US homebuilding has declined to a two year low level during December. It is one of the indicators that the economy had previously slowed down.

Tue, 26 Feb 2019 19:03:15 GMT

US stocks trade flat

On Tuesday, during the US trading session stock indices traded sideways. Gains in tech stocks were offset by consumer goods companies suffering losses during the last quarter.

Tue, 26 Feb 2019 17:45:57 GMT

Elon Musk receives court order

On Tuesday, it was revealed that the head of Tesla Elon Musk has received an order from a Federal Judge to respond to a contempt motion.

Tue, 26 Feb 2019 17:45:50 GMT

Elon Musk tweets about SEC

After the Securities and Exchange Commission of the United States announced that Elon Musk is violating settlement terms of last year's fraud charges, the CEO of Tesla in a tweet announced that the SEC is broken.

Tue, 26 Feb 2019 16:41:24 GMT

AT&T wins court case against US government

On Tuesday, an appeals court ruled that AT&T can acquire Time Warner for $85.4 billion. The US officials had ruled initially that this deal is against antitrust laws.

Tue, 26 Feb 2019 16:41:17 GMT

Home Depot misses forecasts

Home Depot on Tuesday announced their quarterly earnings, which missed the Wall Street estimates. The snowy winter was blamed for preventing home owners from remodelling houses and subsequently low sales.

Tue, 26 Feb 2019 16:14:29 GMT

Peugeot will return to United States

The Peugeot maker PSA Group announced on Tuesday that the company will offer its cars in the United States after a pause of almost thirty years.

Tue, 26 Feb 2019 16:13:54 GMT

Theresa May offers Brexit vote

On Tuesday, the Prime Minister of the United Kingdom announced to the Parliament that the lawmakers could vote on delaying Brexit in an effort to avoid a no-deal Brexit.

Tue, 26 Feb 2019 15:35:22 GMT

US car sales likely to fall in February

The US car sales are seen to plunge around 1% in February from the previous year amid inclement weather, the industry consultants LMC Automotive and J.D. Power reported on Tuesday.

Tue, 26 Feb 2019 15:22:28 GMT

Embraer-Boeing deal gets approval

Brazil's planemaker Embraer has received approval from its shareholders for an 80% sale of its commercial jet unit to Boeing, in a deal that could reorganise the global market for the 150-seat aircraft.

Tue, 26 Feb 2019 14:12:48 GMT

TMB, Thanachart banks tie up in $4.0B merger

On Tuesday, Thailand's TMB Bank and Thanachart Bank have signed a merger deal valued at up to $4.47B with TMB financing it via equity and debt, creating the sixth biggest bank in the Asian country.

Tue, 26 Feb 2019 14:04:58 GMT

Nutrien enters talks with Ruralco over deal

Canada's fertilizer maker Nutrien has entered talks with Australia's rural services Ruralco, which has a market value of $230M, over a potential takeover, according to a media report published on Tuesday.

Tue, 26 Feb 2019 13:39:53 GMT

British regulator puts Provident takeover on hold

The British competition regulator has put the Provident Financial potential takeover by its rival Non-Standard Finance on hold to protect customers and staff.

Tue, 26 Feb 2019 13:36:06 GMT

Insight VC to acquire Genesis Partners IV

The New York-based private equity and venture capital firm, Insight Venture Partners, announced on Tuesday it would acquire the majority stake of Israel's Genesis Partners IV, not disclosing the financial details of the deal.

Tue, 26 Feb 2019 12:10:58 GMT

Thomson Reuters announces earnings

Thomson Reuters reported on Tuesday a nine percent increase in quarterly revenues. Meanwhile, earnings per share were 20 cents, compared to 22 cents last year.

Tue, 26 Feb 2019 12:10:25 GMT

M&S and Ocado discuss joint venture

On Tuesday, it was announced by Marks & Spencer and Ocado that the two retailers are considering a new joint venture that would offer food delivery in the UK. The announcement caused a surge of the share prices of both companies.

Tue, 26 Feb 2019 11:22:55 GMT

British finance sector prepared for any Brexit

On Tuesday, the UK junior minister stated that the country's financial sector was ready for any type of Brexit, including the no-Brexit deal, and would keep functioning properly after Britain's leave from the EU bloc.

Tue, 26 Feb 2019 10:59:32 GMT

Hyundai Mobis drops Elliott's $2.2B dividends offer

Hyundai Mobis has rejected on Tuesday a proposal made by the US hedge fund Elliot Management for the $2.24B dividends due to competitiveness concerns.

Tue, 26 Feb 2019 10:36:28 GMT

AAC Tech stock drop on profit warning

Shares in Apple's supplier AAC Technologies plunged 13% on Tuesday, following the acoustic component developer's warning about the expected fail in its Q1 net profit as much as 75% amid reduced orders.

Tue, 26 Feb 2019 09:37:40 GMT

Credit Suisse appoints new Chief Risk Officer

Credit Suisse has appointed Lara Warner as its new Chief Risk Officer on Tuesday on the back of the Swiss bank's board reshuffle, to replace Jo Oechslin.

Tue, 26 Feb 2019 09:33:43 GMT

Walmart acquires Israel's firm Aspectiva

On Tuesday, Walmart announced it had acquired the Israeli product review insight firm Aspectiva, not disclosing the financial terms of the deal, adding the start-up would join the retail giant's Store No 8.

Tue, 26 Feb 2019 08:29:00 GMT

Boeing plans T-X training jet global sales

Boeing is planning global sales of its T-X training jet, after winning the US Air Force contract worth $9.2B in September, launching talks with its potential customers, including the Australian Air Force.

Tue, 26 Feb 2019 08:12:18 GMT

PSA raises profit target on record 2018

On Tuesday, the French automaker PSA Group lifted its medium-term profit goal, following a report of its record annual earnings and sales, driven by the Peugeout 5008 and 3008 SUV models' success.

Tue, 26 Feb 2019 07:20:08 GMT

Walmart Mexico workers to strike over wages

Walmart Mexico's labour union announced it would launch a strike in March, in case it did not manage to secure higher pay and better conditions for thousands of the company's employees.

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