Marathon Petroleum's midstream arms plan merger

Source: Dukascopy Bank SA
On Wednesday, Marathon Petroleum, the US oil refiner, stated that MPLX would acquire Andeavor Logistics in a $9.0B, merging the company's two midstream divisions that store, transport and market refined products and crude oil via terminals, pipelines and trucking operations.
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Wed, 08 May 2019 11:37:05 GMT

China's Megvii attracts $750M ahead of IPO

China's AI start-up Megvii, also known as Face++, announced on Wednesday it had raised $750M in the latest round of funding ahead of its planned initial public offering in Hong Kong.

Wed, 08 May 2019 09:57:30 GMT

UK Uber drivers go on strike

On Thursday, Uber drivers went on strike in the United Kingdom to protest the sums that the investors will make on the company's IPO. It seems to Dukascopy analysts that the drivers do not grasp the basic concepts of economics, as the pay of drivers has little to do with the IPO.

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