News

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Wed, 13 Feb 2019 15:09:43 GMT

Lampert unveils plans for bankrupt Sears

On Wednesday, Sears Chairman Edward Lampert has unveiled plans for the company after the bankruptcy filing, saying it would sublease or sell several of 425 stores and open the smaller ones more focused on tools and appliances.

Wed, 13 Feb 2019 14:39:36 GMT

Huawei expects no sales drop in Poland

China's telecoms company Huawei stated it was not expecting any slowdown in its Poland sales on the company's equipment, adding the situation might potentially have an impact in the future.

Wed, 13 Feb 2019 14:36:58 GMT

Carlyle and Bain consider joint bid for Osram

The PE firms Carlyle Group and Bain Capital are considering to make a joint offer for the German company Osram Licht, Bloomberg sated this Wednesday.

Wed, 13 Feb 2019 12:24:25 GMT

Petrobras sees new offers for TAG soon

The Brazilian state-controlled oil firm Petrobras is likely to seek new offers for its gas pipeline network TAG's acquisition in March, sources reported on Tuesday.

Wed, 13 Feb 2019 12:15:24 GMT

JAB proposes raising stake in Coty to 60%

JAB Holding has proposed to boost the German conglomerate's stake in Coty to 60%, after a 50% drop in the company's market value last year.

Wed, 13 Feb 2019 10:39:59 GMT

Dynamic Map Platform to acquire rival Ushr for $200M

Dynamic Map Platform, Japan's self-drive cars map developer, stated on Wednesday it would acquire its rival Ushr in a deal worth $200M.

Wed, 13 Feb 2019 08:51:12 GMT

Democratic senators seeks Sprint-T-Mobile merger rejection

On Tuesday, the US Democratic senators called on the Federal Communications Commission and Justice Department to reject the proposed $26B merger between Sprint and T-Mobile US.

Wed, 13 Feb 2019 08:51:01 GMT

IHG acquires Six Senses Hotels operations and brands

InterContinental Hotels Group agreed to acquire the Six Senses Hotels Resorts' operating companies and brands in a cash-deal worth $300M, seeking to boost its luxury portfolio.

Wed, 13 Feb 2019 08:37:59 GMT

GM, Amazon plan investment in Rivian

General Motors and Amazon.com are planning to make an investment into the electric pickup truck maker Rivian, bringing the US company's value to $1.0-2.0B.

Wed, 13 Feb 2019 06:16:48 GMT

US Treasury Secretary hopeful for productive trade talks in China

On Wednesday, the US Treasury Secretary Steven Mnuchin said that he is hopeful for productive trade negotiations in Chine this week.

Wed, 13 Feb 2019 06:16:19 GMT

US sanctions hit Venezuela's oil exports

The Venezuelan oil exports have shifted focus toward India since the new US sanctions started on January 28, as Venezuela's PDVSA seeks to replace deliveries to Europe and the United States.

Wed, 13 Feb 2019 05:05:40 GMT

Oil prices edge higher on Wednesday

Crude oil prices edged higher by 1% on Wednesday, as OPEC said it had reduced supply in January and US sanctions against Venezuela.

Wed, 13 Feb 2019 05:04:43 GMT

Asian shares reach four-month high on China-US trade talks

On Wednesday, Asian shares reached a four-month high. The surge was attributed to the US-China trade negotiations.

Tue, 12 Feb 2019 21:00:32 GMT

Conte calls for less austere Europe

On Tuesday, Italy's Prime Minister Giuseppe Conte called for a fairer European Union with well-known demands of economic growth.

Tue, 12 Feb 2019 21:00:20 GMT

Fico won't bid for Slovakia's top court post

On Tuesday, the former Slovakian Prime Minister Robert Fico gave up plans to lead Slovakia's Constitutional Court.

Tue, 12 Feb 2019 20:03:35 GMT

Hunt says attack on BBC cameraman at Trump rally is unacceptable

The UK Foreign Secretary Jeremy Hunt on Tuesday condemned the attack on BBC cameraman Ron Skeans at the US President Donald Trump campaign rally in Texas.

Tue, 12 Feb 2019 20:03:24 GMT

Sanchez plans to announce early election

According to government sources, the Spanish Prime Minister Pedro Sanchez would call for a snap election after Wednesday' key budget vote.

Tue, 12 Feb 2019 19:27:34 GMT

Wilson-Raybould resigns as Canada's Veterans Affairs Minister

Jody Wilson-Raybould, the Canadian Veterans Affairs Minister, resigned from her position on Tuesday, amid allegations in a corporate corruption case.

Tue, 12 Feb 2019 19:19:46 GMT

Wall Street edges higher on US-China trade talks

On Tuesday, US shares extended its gains, as investors were hopeful of a deal during the ongoing trade talks between the United States and China.

Tue, 12 Feb 2019 17:53:05 GMT

Indian inflation pace falls in January

India's consumer prices grew at a weaker pace than expected in January and remained below the target for a sixth month in succession, strengthening views over the key interest rate cut in April.

Tue, 12 Feb 2019 17:50:33 GMT

US job openings reach record 7.3M in December

The US job openings jumped to a record high in December, supported by vacancies in the accommodation, food services and construction sectors, which is likely to bolster views about a lack of workers in the economy.

Tue, 12 Feb 2019 17:22:01 GMT

US small businesses' confidence lowest in two years

The US small businesses' optimism dropped to the lowest level since the election of Donald Trump more than two years ago due to growing uncertainty concerning the economic outlook.

Tue, 12 Feb 2019 17:19:49 GMT

Under Armour beats profit estimates in holiday-quarter

Under Armour announced quarterly profit above analysts' estimates on Tuesday, as the sportswear maker stood at a tight lid over costs and sold more pairs of shoes at their full price during the season of holiday shopping.

Tue, 12 Feb 2019 16:00:04 GMT

Sweden's EQT plans stake sale in IVC

The buyout firm EQT is planning a sale of its 20%-25% stake in the pet care company Independent Vetcare Group to some institutional investors in a potential deal that could value the group at $1.7B.

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