News

Fri, 10 Aug 2018 14:07:38 GMT

Mercedes-Benz's SUVs checked for potential issues by China

Daimler confirmed on Thursday that the sport utility vehicles built by its unit Mercedes-Benz in Alabama were being checked over potential issues by the Chinese customs authorities.

Fri, 10 Aug 2018 13:54:54 GMT

News Corp beats Wall Street profit estimates

News Corp has topped the Wall Street profit estimates, after benefiting from the gains of its recently acquired TV network and recording a rapid growth in the firm's book publishing unit business and real-estate listing.

Fri, 10 Aug 2018 13:39:23 GMT

Ryanair's strike affects 55K customers across EU

On Friday, Ryanair's pilot strike, which took place in five EU countries, affected about 55K customers in the midst of the hot holiday season.

Fri, 10 Aug 2018 13:35:37 GMT

Ericsson to add around 300 jobs in United States

Ericsson, the mobile telecom equipment developer, stated on Friday it was eager to add about 300 job positions in America to meet surging demand for the next-generation 5G equipment.

Fri, 10 Aug 2018 12:26:13 GMT

Hainan Airlines sells rest of its stake in Azul airline

On Friday, China's Hainan Airlines sold the remaining stake in Brazil's airline Azul SA in a deal, which brought it $306.25M after the underwriting fees deduction.

Fri, 10 Aug 2018 12:21:12 GMT

Intel sells AI chips worth $1.0B in 2017

On Wednesday, Intel Corp reported it had sold $1.0B of the AI processor chips last year, noting the first time the US leading chipmaker revealed its revenue from the computing segment.

Fri, 10 Aug 2018 11:39:19 GMT

HNA agrees on Radisson Holdings sale to Jin Jiang-led group

HNA Group, the cash-strapped China conglomerate, agreed on its Radisson Holdings sale to the Jin-Jiang-led consortium, Radisson reported late on Thursday.

Fri, 10 Aug 2018 11:36:35 GMT

Sports Direct buys House of Fraser for $114.9M

On Friday, the UK sportswear retailer Sports Direct announced it had acquired House of Fraser's 58 British stores in a deal valued at $114.9M.

Fri, 10 Aug 2018 10:02:21 GMT

FTSE 100 falls in response to weaker Lira, Ruble

The FTSE 100 dropped 0.7% early on Friday, as revenue of many British companies is exposed to the tumbling Turkish Lira and the Russian Ruble.

Fri, 10 Aug 2018 09:56:18 GMT

UK economy grows 0.4% in Q2Y2018

The Office for National Statistics reported on Friday that the UK economy expanded by 0.4% in Q2Y2018, with retail sales and construction being boosted by the good weather conditions.

Fri, 10 Aug 2018 09:21:46 GMT

Golden Gate Ventures triggers $10M crypto fund

Golden Fate Ventures, Singapore's venture capital firm, announced on Friday it would launch a $10M fund to make an investment into blockchain technology and cryptocurrency start-ups.

Fri, 10 Aug 2018 09:15:24 GMT

Tesla board calls for detailed financing plan from CEO Musk

Tesla's board is expecting to receive more information on the CEO Elon Musk's financing plan over taking the US e-vehicle manufacturer private in a deal valued at $72B.

Fri, 10 Aug 2018 07:09:49 GMT

Loeb, Strawbridge call for sale of Campbell Soup

On Thursday, Campbell Soup's shareholder George Strawbridge and the billionaire investor Daniel Loeb called for the iconic US food corporation sale, according to sources.

Fri, 10 Aug 2018 06:59:56 GMT

Engie seeks bidding for Brazilian power generator CESP

France's Engie SA Brazilian division is thinking over a bid for the domestic power generation firm Companhia Energetica de Sao Paulo, its top executive stated on Thursday.

Fri, 10 Aug 2018 06:37:51 GMT

US SDI offered to potential buyers for $500M

The US oil and gas drilling company Scientific Drilling International is seeking for a buyer, being proposed to some firms at the valuation of over $500M.

Fri, 10 Aug 2018 06:32:51 GMT

Investment firm Donerail Group seeks buying Tronc

The Starboard Value's executive Will Wyatt-led investment company Donerail Group is in negotiations to buy the Chicago Tribune owner Tronc, sources close to the matter reported on Thursday.

Fri, 10 Aug 2018 05:13:05 GMT

Oil prices surge amid US sanctions

Crude oil prices increased by 6 cents on Friday morning, reaching $66.87 a barrel, amid fears that restored American sanctions against Iran will squeeze supply.

Fri, 10 Aug 2018 05:08:38 GMT

Doug Field returns to Apple

According to sources familiar with the matter, Doug Field, the senior Vice President of Engineering at Telsa, left his post last month and is planning to return back to Apple.

Fri, 10 Aug 2018 04:20:47 GMT

Golden Gate Ventures to launch crypto fund

LuneX Ventures, the $10M fund founded by Singapore's Golden Gate Ventures, will invest in blockchain startups, security providers and cryptocurrency exchanges.

Fri, 10 Aug 2018 04:16:46 GMT

Qualcomm concludes deal with Taiwanese authorities

On Friday, mobile chipmaker Qualcomm had finally agreed with Taiwanese regulators to settle a competition case for $93M and, in addition to that, invest nearly $700M into local economy over the upcoming five years.

Fri, 10 Aug 2018 03:06:00 GMT

Australia CB charts steady rates, as inflation lags expansion

The Reserve Bank of Australia anticipated solid economic growth in 2018 and next, but still doubted that inflation would reach the target's mid-point even in 2020, which was a reason for unchanged rates for some period.

Fri, 10 Aug 2018 02:56:01 GMT

Tesla shares down 5% on Wall Street scepticism

Tesla's shares fell nearly 5%, wiping out the gains fueled by the CEO Elon Musk's intention to take the business private, following reports of regulators' concern and doubts over possibility of the deal.

Fri, 10 Aug 2018 02:33:07 GMT

Japan economy rebounds due to brisk spending

The Japanese economy expanded more than anticipated in the Q2, supported by strong business and household spending, though global trade tensions loom, being the main risks to the investment and export outlook.

Fri, 10 Aug 2018 02:26:39 GMT

Dropbox registers more paying users than anticipated

Online file storage company Dropbox signed up increased number of paying subscribers in the June quarter than Wall Street anticipated.

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