News

Note: This section contains information in English only.
Wed, 31 Jul 2019 14:40:10 GMT

Wall Street opens flat

On Wednesday, US stock markets opened almost flat, as the financial markets were waiting for the US Federal Reserve interest rate announcement.

Wed, 31 Jul 2019 14:01:15 GMT

Amazon to take over Israel's E8 Storage

The e-commerce giant Amazon has agreed to acquire E8 Storage, Israel's storage technology start-up, in a deal worth up to $60M, with E8 Storage's employees to join Amazon Web Services centre based in Tel Aviv, according to the country's local financial media.

Wed, 31 Jul 2019 13:36:06 GMT

Kraft Heinz pledge to report H1 on August 8

On Wednesday, Kraft Heinz announced it would reveal the results for the year's first half on August 8, which would be the packaged food company's first financial statement after disclosing $15B writedown on the Oscar Mayer and Kraft brands.

Wed, 31 Jul 2019 12:13:37 GMT

Former Audi CEO Stadler charged over emissions cheating

On Wednesday, German prosecutors announced they had brought charges against the former Audi CEO Rupert Stadler amid an inquiry into his involvement in Volkswagen's emissions test cheating row.

Wed, 31 Jul 2019 11:00:47 GMT

Roche, Spark decide to extend $4.3B takeover offer

Roche and Spark Therapeutics have made a decision to extend the Swiss drugmaker's $4.3B takeover proposal for the US gene therapy specialist amid continuing regulatory reviews in Britain and the US.

Wed, 31 Jul 2019 09:50:53 GMT

Oil prices continue to surge

On Wednesday, crude oil price benchmarks continued to rise for a fifth trading session in a row. The move was caused by the expectations of a Federal Reserve rate cut, which decreased the value of the USD.

Wed, 31 Jul 2019 09:31:11 GMT

EssilorLuxottica to acquire GrandVision in $8.0B deal

On Wednesday, the world's biggest eyewear maker, EssilorLuxottica announced it would take over GrandVision, the Dutch optical retailer, in an all-cash deal worth up to $8.0B, seeking for the global retail network expansion.

Wed, 31 Jul 2019 08:19:20 GMT

Lloyds Bank profits drop 7% in H1

Lloyds Banking Group, the British largest mortgage lender, reported on Wednesday its H1 pretax profits fell 7% to £2.9B from £3.12B for the prior year's same period, missing analysts' expectations for the £3.45B reading.

Wed, 31 Jul 2019 06:46:12 GMT

Credit Suisse confirms its 2019 profitability target

On Wednesday, Credit Suisse reported the highest quarterly incomes in the last four years, confirming the lender's profitability target for 2019 after its Q2 earnings soared 45%.

Wed, 31 Jul 2019 06:28:59 GMT

Airbus Q2 profit rise tops estimates

On Wednesday, Airbus reported stronger-than-expected core Q2 earnings, triggered by its switch to new single-aisle jets, with the Europe's biggest aerospace group's adjusted operating profit rising 72% to $2.2B in its Q2, beating analysts' expectations.

Wed, 31 Jul 2019 05:00:52 GMT

Asian shares hit six-week low

On Wednesday, Asian shares plunged to a six-week low, as investors and traders were rattled by a new trade war concerns, following combative remarks from the US President Donald Trump to China.

Wed, 31 Jul 2019 04:00:04 GMT

China and US meet for trade negotiations

Senior Chinese and the US trade representatives met in China on Wednesday for discussions in a bid to end the trade dispute.

Wed, 31 Jul 2019 03:11:11 GMT

US consumer spending and prices edge higher in June

The US Commerce Department on Tuesday reported on Tuesday that the US consumer spending and inflation edged higher in June.

Wed, 31 Jul 2019 01:59:50 GMT

Merck & Co reports better-than-expected Q2 profit

Shares of Merck & Co Inc rose by 2% after the company reported better-than-expected Q2 revenue and profit on Tuesday.

Tue, 30 Jul 2019 19:49:04 GMT

Xerox cuts earnings forecast

On Tuesday, Xerox Corp, despite posting higher than forecast quarterly earnings, announced that it is cutting its yearly earnings forecast. The event caused a drop of the company's share price.

Tue, 30 Jul 2019 18:53:36 GMT

P&G posts strong earnings

On Tuesday, Proctor and Gamble Company posted higher than forecast earnings, which sent the company's share price into a surge that reached a new record high.

Tue, 30 Jul 2019 17:54:52 GMT

Ralph Lauren reports better-than-expected quarterly profit

Shares of Ralph Lauren Corp rose nearly 6% before the bell on Tuesday after the company announced better-than-forecast quarterly revenue and profit.

Tue, 30 Jul 2019 16:57:28 GMT

100+ million people impacted by Capital One data breach

Capital One Corp announced on Monday that over 100 million Capital One customer's accounts and credit card applications in the United States and Canada were hacked.

Tue, 30 Jul 2019 15:59:56 GMT

Trump wants to pursue trade deal with Brazil

On Tuesday, President Donald Trump said that he wants a trade deal with Brazil, opening a potential solution over the ongoing trade tension between the United States and Brazil.

Tue, 30 Jul 2019 15:06:03 GMT

Middle Eastern funds plan to increase investments UAE

According to a Reuters poll, most of the fund managers in the Middle East plan to boost their investments in the United Arab Emirates.

Tue, 30 Jul 2019 14:08:05 GMT

Sony hits record profit on image sensor demand

On Tuesday, Japan's Sony Corp reported the record Q1 operating profit, driven by strong demand for the company's multiple-lens smartphone camera systems, which boosted image sensors sales.

Tue, 30 Jul 2019 13:01:05 GMT

Nintendo Q2 profit falls 10% before Switch Lite launch

Nintendo, the Japanese gaming company, reported on Tuesday its Q2 profit dropped 10% to $252.26M, missing analysts' expectation, right ahead of its Switch Lite device launch scheduled for September.

Tue, 30 Jul 2019 12:27:07 GMT

Blockchain rolls out cryptocurrency exchange The PIT

On Tuesday, one of the biggest digital currency wallet firms in the world, Blockchain, announced the launch of The PIT cryptocurrency exchange aimed at carrying out trades at high speed for institutional and retail investors.

Tue, 30 Jul 2019 11:38:51 GMT

Alibaba-backed MYbank to attract $871 in IPO

China's MYbank, the lender backed by Alibaba Group Holding, is planning to raise 6B yuan ($871M) in an initial public offering, valuing the online bank at 24B yuan, according to Reuters.

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