News

Fri, 30 Nov 2018 16:51:38 GMT

ECB launches new instant payment system for banks

On Friday, the European Central Bank rolled out a new payment system that allows banks to settle their payments across Europe instantly, helping them rival with PayPal and other tech titans.

Fri, 30 Nov 2018 16:34:14 GMT

EU likely to launch full-scale probe into Liberty Global, Vodafone deal

The European antitrust regulators are planning to start a full-scale inquiry into Vodafone's takeover of the Liberty Global assets in the eastern Europe and Germany, in a deal worth $21.8B.

Fri, 30 Nov 2018 16:28:20 GMT

Honeywell launches HQ relocation to North Carolina

On Friday, Honeywell International stated it would relocate the firm's global corporate headquarters to North Carolina's Charlotte from its current base in New Jersey's Morris Plains.

Fri, 30 Nov 2018 15:17:26 GMT

VW, Tesco to develop British EV charging networks

The British largest retailer Tesco and Germany's automaker Volkswagen have tied up over the electric car charging network in Britain, two companies announced on Friday.

Fri, 30 Nov 2018 15:04:06 GMT

Instagram launches new feature for its stories

On Friday, Instagram announced it had launched a feature designed for stories to allow the app users select only their "close friends" to share the moments with.

Fri, 30 Nov 2018 14:22:01 GMT

Ex-GE workers questioned in insurance probe

The former employees of General Electric have been questioned by the federal investigators over the legacy insurance business' details that resulted in accounting issues at the company last year.

Fri, 30 Nov 2018 14:16:04 GMT

Apple Music to become available on Amazon's Echo

On Friday, Amazon.com announced it would allow Apple Music on its smart speakers Echo starting December 17, marking soaring collaboration between two tech giants.

Fri, 30 Nov 2018 13:39:17 GMT

Swedish EQT picks investment funds to lead IPO

The Swedish buyout group EQT has hired Morgan Stanley and Goldman Sachs to lead its preparations for the planned initial public offering.

Fri, 30 Nov 2018 13:36:08 GMT

Russia's VTB considers increasing stake in Magnit

VTB bank, the Russian second-biggest lender is still considering to raise its stake in Russia's food retailer Magnit, the bank's First Deputy CEO said in an interview on Friday.

Fri, 30 Nov 2018 11:50:39 GMT

China's Fosun plans raising $548M in Club Med HK IPO

Fosun International is planning to attract up to $548M with its Club Med holiday unit IPO in Hong Kong, seeking to expand its business in China.

Fri, 30 Nov 2018 11:50:18 GMT

Hyundai Motor stocks soar on $228M share buyback plan

On Friday, Hyundai Motor stated it was planning to buy back $228.3M worth of the preferred and common shares, aiming to stabilise prices on its stocks and bolster investor returns.

Fri, 30 Nov 2018 10:54:10 GMT

Inflation in Europe slows down

On Friday, data released in the European Union revealed that inflation in the European Union has slowed down. This supports the decision of the ECB to stop their bond buying program, which is creating more of the Euro in circulation and beating down its value.

Fri, 30 Nov 2018 10:53:42 GMT

Japan and France hold talks over Renault-Nissan

As the already ousted CEO of Renault-Nissan remains in jail, the President of France and the Prime Minister of Japan are holding a meeting to discuss the recent scandal associated with the company.

Fri, 30 Nov 2018 10:39:17 GMT

Altice sells nearly 50% stake in French fiber arm

Altice Europe, the telecoms and cable firm, agreed to sell a 49.99% stake in its French fiber optic unit SFR FTTH to several investment funds in a deal worth $2.05B, sending its shares surging.

Fri, 30 Nov 2018 10:35:38 GMT

Rovio Entertainment acquires Finnish game studio PlayRaven

On Friday, the "Angry Birds" film and mobile games maker, Rovio Entertainment, stated it had bought Finland's strategy game studio PlayRaven, as it sought expansion into the mobile game industry.

Fri, 30 Nov 2018 09:39:38 GMT

Indigo Partners to make investment into WOW air

On Thursday, the US private equity group Indigo Partners stated it would make an investment into the low-cost airline WOW air, after Icelandair dropped the planned acquisition of the carrier.

Fri, 30 Nov 2018 09:36:32 GMT

G20 nations struggle to reach agreements

The members of G20 nations still struggle for the agreements on the major issues, such as trade, climate change and migration, as the world leaders started arriving in Buenos Aires ahead of the Friday summit.

Fri, 30 Nov 2018 08:39:26 GMT

Jack in the Box burgr chain considers sale

The US hamburger restaurant chain that owns over 2K restaurants, Jack in the Box, is considering various options, including a potential sale, after the company divested its Qdoba firm earlier this year.

Fri, 30 Nov 2018 08:36:21 GMT

Millennium bcp head rules out further M&A to boost profitability

The CEO of Potrugal's biggest listed bank, Millennium bcp, ruled out more merger and acquisition deals, after it had purchased a small Polish lender, as the bank seeks to boost profitability.

Fri, 30 Nov 2018 07:39:13 GMT

SoftBank sets indicative price at $13.23 in IPO

SoftBank set its indicative initial public offering price of $13.23 per share, bringing the value of a deal to $21.16B, in one of the largest-ever listings in the world, according to a regulatory filing.

Fri, 30 Nov 2018 07:35:06 GMT

French drone group Parrot's shares jump on buyout offer

On Thursday, shares in the struggling French drone producer Parrot surged as much as 82% to €3.19, after the company's shareholder, the Seydoux family, made a takeover proposal.

Thu, 29 Nov 2018 20:51:50 GMT

EU to take disciplinary move against Italy over debt

On Thursday, the European Union government took a new step in a disciplinary procedure against Italy over the country's debt.

Thu, 29 Nov 2018 20:51:40 GMT

Twitter stumbles over fear of backlash by conservative

On Thursday, Twitter Inc shares dipped about 6% over fears of a conservative backlash, after reports that Twenty-First Century Fox News Inc's has not tweeted to its 18.3 million followers since November 8.

Thu, 29 Nov 2018 20:03:37 GMT

Wall Street declines over trade uncertainty

On Thursday, US stocks edged lower over trade uncertainty, as the high stakes meeting between China and the United States at this week's G20 summit in Argentina kept traders on edge.

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