News

Note: This section contains information in English only.
Wed, 31 Oct 2018 09:29:02 GMT

Siemens plans up to €600M investment in Berlin

On Wednesday, Siemens announced it would invest up to €600M in Berlin, seeking to turn the German capital's part into the technology and industrial hub.

Wed, 31 Oct 2018 08:06:51 GMT

Australia's AMP defends its life insurance unit sale

On Wednesday, AMP, the Australian biggest wealth manager, defended the valuation of the firm's life insurance unit, following the fund manager threats to campaign for board spill over a business sale last week for $2.3B.

Wed, 31 Oct 2018 07:51:12 GMT

Petrobras mights sale extra $20B in assets within next year

Brazil's Petroleo Brasileiro might sale an extra $20B in assets within 2019, indicating that the oil company is planning to keep the robust pace of its divestments, in spite of the recent setbacks.

Wed, 31 Oct 2018 07:39:21 GMT

Newell Brands getting closer to sell Jostens to PE

Newell Brands is getting closer to sell its US producer of memorabilia to the private equity group Platinum Equity for about $1.3B, sources reported.

Wed, 31 Oct 2018 07:34:15 GMT

Apollo enters advanced talks to buy Arconic

Apollo Global Management, the private equity firm, has entered the advanced talks to acquire the US aluminium products manufacturer Arconic in a potential deal worth over $11B.

Wed, 31 Oct 2018 06:30:49 GMT

UK to expand its diplomatic network after withdrawal from EU

On Wednesday, the Foreign Secretary of the UK Jeremy Hunt claimed that after the departure from the EU the UK is planning to hire 1000 diplomatic staff to expand its diplomatic network.

Wed, 31 Oct 2018 06:29:24 GMT

T-mobile exceeds Wall Street's quarterly estimates

On Wednesday, T-Mobile US Inc claimed that it managed to beat the Wall Street's estimated profit for the third quarter of 2018 and estimated amount of new subscribers.

Wed, 31 Oct 2018 04:50:22 GMT

China's search engine Baidu beats third quarter estimates

On Wednesday, Chinese search engine company Baidu claimed that it has topped the estimated profit because of the traffic growth on company's mobile app.

Wed, 31 Oct 2018 04:50:11 GMT

Ebay beats quarterly profit estimates

On Wednesday, ecommerce giant Ebay claimed that it has beaten the analysts' estimates with $22B of profit after implementing cost cutting efforts.

Wed, 31 Oct 2018 04:36:36 GMT

Digital bank Monzo hits unicorn status after latest fund raising

On Wednesday, British digital banking startup Monzo, backed by Orange Digital Ventures and Passion Capital, claimed that after the latest funding round it managed to attract $1.3B in total and got a unicorn status.

Wed, 31 Oct 2018 03:00:08 GMT

China's manufacturing sector growth slowest in 2 years

According to the Purchasing Manager's Index, China's manufacturing sector showed the slowest growth for the last two year in October due to the trade war with the US.

Wed, 31 Oct 2018 02:59:11 GMT

Trump: Great trade deal between China and US is possible

On Wednesday, the US President Donald Trump claimed he believes that a "great trade deal" between China and the US could be achieved but warned that in case of no deal the US is ready to implement additional tariffs.

Tue, 30 Oct 2018 21:07:55 GMT

Sports Direct to shut down stores in rescue of Evans Cycles

The UK sportswear group Sports Direct acquired Evans Cycles, the specialist cycling retailer, to rescue the firm from liquidation, saying the chain is planning to keep only half of its 62 stores open.

Tue, 30 Oct 2018 21:06:42 GMT

CVC, Bain buyout companies fight for Papa John's

The private equity firms CVC Capital Partners and Bain Capital are competing to take over the third-biggest pizza delivery group in the world, Papa John's, sources with a knowledge said on Tuesday.

Tue, 30 Oct 2018 19:53:04 GMT

Allergan disappointed with buyer interest in its business units

On Tuesday, Allergan's CEO Brent Saunders stated that the early offers proposed by possible buyers for its business units, which had been put up for a sale, undervalued the firms, sending the company's shares down over 6%.

Tue, 30 Oct 2018 19:52:29 GMT

Traub Capital acquires Hero's Signature Brands unit

The Hero Group, Swiss consumer goods firm, announced on Tuesday it had sold its US decoration business unit Signature Brands to Traub Capital, not disclosing the financial terms of the deal.

Tue, 30 Oct 2018 19:04:58 GMT

Merkel pledges fund to tackle unemployment in Africa

On Tuesday, the German Chancellor Angela Merkel promised a development fund to help to fight unemployment in Africa.

Tue, 30 Oct 2018 19:00:34 GMT

Mastercard shares decline on Tuesday

Mastercard's shares edged lower on Tuesday, as investors were disappointed about the company's Q3 revenue growth.

Tue, 30 Oct 2018 18:22:56 GMT

Rising supply weighs on oil prices

Oil prices declined by more than $1 per barrel on Tuesday, as rising oil output weighed heavily on crude oil prices.

Tue, 30 Oct 2018 18:19:51 GMT

Wall Street edges higher on Tuesday

Chipmakers helped US shares to edge higher on Tuesday after the Commerce Department cut off China's semiconductor producer from its US suppliers.

Tue, 30 Oct 2018 17:06:20 GMT

General Electric promises to restructure its power unit

General Electric Co has promised to restructure its power system, as the 126 years old corporation is struggling from mistakes, that has eroded profits.

Tue, 30 Oct 2018 17:03:44 GMT

General Electric slashes quarterly dividend

General Electric's new Chief Executive Officer Larry Culp has slashed the company quarterly dividend to a penny per share.

Tue, 30 Oct 2018 16:32:21 GMT

Witter says VW is open to deeper alliance with outside companies

Frank Witter, Volkswagen's Chief Financial Officer, said on Tuesday that the carmaker would like to work with outside companies, mostly in the area of autonomous driving.

Tue, 30 Oct 2018 16:18:07 GMT

Apple to update aging iPad Pros and Macs with new features

Apple Inc announced on Tuesday that it would be adding new features, like faster processors and better displays, to some Mac laptops and facial recognition to the iPad Pro.

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