Sprint, T-Mobile merger likely to be approved

Source: Dukascopy Bank SA
Ajit Pai, the FCC Chairman, has issued a draft order on Wednesday to approve the $26.0B merger between T-Mobile US and Sprint Corp, following the deal approval granted by the US Justice Department last month.
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Wed, 14 Aug 2019 19:51:39 GMT

WeWork prepares for IPO next month

On Wednesday, The We Company, the owner of WeWork, has released its detailed financial statements, marking the loss of $900M in the 2019 H1, while revenue doubled to $1.54B, as the company is getting ready for the initial public offering scheduled for the next month.

Wed, 14 Aug 2019 18:14:29 GMT

Oil plunges 5% amid weak global economic data

On Wednesday, prices for oil tumbled roughly 5% after weak economic data from Europe and China revived the global demand fears, while the United States reported an unexpected increase in crude inventories for the second week in succession.

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