News

Thu, 09 Aug 2018 20:15:21 GMT

Tesla shares fall 5% amid scepticism

Shares of the electric car manufacturer Tesla Inc fell 5% on Thursday due to Wall Street being sceptical about the CEO Elon Musk taking the company private.

Thu, 09 Aug 2018 18:49:27 GMT

Tribune Media ends $3.9B merger with Sinclair

The US-based conglomerate Tribune Media Co has terminated its merger contract with Sinclair Broadcast Group worth $3.9B and sued the rival for a breach of contract.

Thu, 09 Aug 2018 18:47:59 GMT

Thyssenkrupp expects job cuts during reorganisation

The German industrial group Thyssenkrupp told media on Thursday that reorganisation in the company could not be achieved without job cuts.

Thu, 09 Aug 2018 18:01:36 GMT

Atlanta Fed cuts US GDP forecast to 4.3% in Q3Y2018

The Federal Reserve of Atlanta has decreased its growth forecast for the US economy to 4.3% in the third quarter of 2018, compared to the previous estimate of 4.4%.

Thu, 09 Aug 2018 18:00:26 GMT

Mexico wants to end bilateral talks with US before discussing NAFTA

The Economy Minister of Mexico said the country wanted to end bilateral trade negotiations with the US before Canada returned to the table with NAFTA talks.

Thu, 09 Aug 2018 17:20:35 GMT

Trade association says US policies affect German trade

The President of BGA trade association Holger Bingmann said on Thursday that US policies were negatively affecting the German foreign trade, especially individual companies.

Thu, 09 Aug 2018 17:18:18 GMT

Samsung launches Galaxy Note 9

Samsung Electronics Co Ltd launched on Thursday the new gamer-friendly Galaxy Note 9 that is said to offer quick cooling system and longer battery life.

Thu, 09 Aug 2018 15:52:33 GMT

Russia says new US sanctions illegal

The Russian Foreign Ministry said on Thursday that the new US sanctions against Russia were illegal and that retaliatory measures would be imposed.

Thu, 09 Aug 2018 15:50:50 GMT

Turkish Lira falls against US Dollar

The Turkish Lira fell to a record low against the US Dollar on Thursday in response to the growing tensions between Turkey and the United States.

Thu, 09 Aug 2018 15:02:34 GMT

US unemployment claims fall last week

The Department of Labour reported on Thursday that the US unemployment claims fell to 213k last week, thus showing the growing strength of the US labour market.

Thu, 09 Aug 2018 14:59:35 GMT

US wholesale inventories edge up 0.1% in June

The Commerce Department reported on Thursday that the US wholesale inventories increased by 0.1% in June, compared to the market estimate of 0.00%.

Thu, 09 Aug 2018 13:57:56 GMT

Taxify to invest millions of euro into East Africa within five years

Estonia's ride-sharing service Taxify is planning to make an investment in East Africa worth millions of euro within the following five year, betting on motorcycles and motorised rickshaws.

Thu, 09 Aug 2018 13:51:29 GMT

Israel's Aeronautics gets takeover bid from Stolero, Rafael

The Israeli businessman Avihai Stolero and the state-owned firm Rafael Advanced Defense Systems have made a takeover proposal worth $117M for the country's drone company Aeronautics.

Thu, 09 Aug 2018 13:37:53 GMT

Tribune Media ends $3.9B takeover deal with Sinclair

Tribune Media has halted its $3.9B deal to be taken by Sinclair Broadcast and filed a lawsuit, following regulators' objections to the takeover.

Thu, 09 Aug 2018 12:33:02 GMT

AMA opposes merger deal between CVC Health and Aetna

American Medical Association called on the US Justice Department to halt the plans of CVC Health to acquire the insurance provider Aetna, claiming their merger deal could be valued at higher prices for the prescription medicines.

Thu, 09 Aug 2018 12:27:37 GMT

Algar, American Tower acquire Cemig's telecom assets

Algar Telecom SA and American Tower Corp have acquired the telecom assets of the Brazilian broadband network of Cemig this Wednesday.

Thu, 09 Aug 2018 10:50:43 GMT

UnitedHealth acquires pharmacy operator Genoa

UnitedHealth Group has signed a deal to acquire Genoa Health, the specialty pharmacy operator, from the private equity group Advent International, according to the Axios news website.

Thu, 09 Aug 2018 10:50:35 GMT

Walmart's takeover deal gets Indian watchdog's nod

Indian antitrust regulator cleared the US retail titan Walmart's $16B worth takeover of the online marketplace Flipkart, intensifying the competition between the group and its rival Amazon.com.

Thu, 09 Aug 2018 10:22:59 GMT

Russian financial system remains stable

Although the Kremlin condemned the recent US sanctions, officials of the country have revealed that the Russian financial system remains stable.

Thu, 09 Aug 2018 10:22:19 GMT

Russia condemns US sanctions

As the Russian Ruble tumbled downwards, Russian authorities announced that the new US sanctions are draconian.

Thu, 09 Aug 2018 09:38:30 GMT

Perrigo board approves plan to separate pharma business

On Thursday, Perrigo Company board has approved a separation of its business unit Prescription Pharmaceuticals after completing the company's strategic portfolio review.

Thu, 09 Aug 2018 09:35:58 GMT

Dai-ichi acquires Suncorp's division for $540M

Australia's Suncorp is set to sell its life insurance uni to the Japanese company Dai-ichi Life Holdings in a deal valued at $540M.

Thu, 09 Aug 2018 08:06:33 GMT

Tronc considers sale bid of newspaper business

Tronc is considering a proposal to sell its newspaper business, including Chicago Tribune, to a private equity group for about $19-$20 per share.

Thu, 09 Aug 2018 08:03:18 GMT

Orsted to acquire Lincoln Clean Energy in $580M deal

Denmark's Orsted is planning to acquire Lincoln Clean Energy, the American wind farm developer, in a deal valued at $580M to support its expansion and boost the market growth.

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