News

Thu, 29 Nov 2018 09:32:24 GMT

WhiteWater Midstream explores $2.0B sale

WhiteWater Midstream is thinking over a potential sale, seeking to value the US gas and oil pipeline company at over $2.0B, including debt.

Thu, 29 Nov 2018 05:51:38 GMT

Apple's best-selling model iPhone XR

Apple's executive stated that the company's iPhone XR was its best-selling iPhone model since the mobile device was placed on the market in October.

Thu, 29 Nov 2018 05:51:32 GMT

Dell.com resets customer passwords following cyber attack

Dell stated that passwords for customers' accounts on Dell.com online store were reset on November 14 after the cyber attack attempting to steal data was discovered and stopped.

Thu, 29 Nov 2018 04:58:58 GMT

Box reports smaller-than-anticipated loss

Cloud storage provider Box reported a smaller-than-anticipated quarterly loss, as the company added more customers, and estimate full-year revenue above analysts' estimates.

Thu, 29 Nov 2018 04:54:46 GMT

Qualcomm sets up fund to invest in artificial intelligence startups

Qualcomm set up a $100M fund that is intended to invest in startup companies working on AI technologies, the US chipmaker stated.

Thu, 29 Nov 2018 04:33:46 GMT

Australian companies hike spending plans

Australia's companies boosted spending plans for 2019, with non-mining investment taking the lead in a positive sign for the country's economy, the report showed.

Thu, 29 Nov 2018 04:27:15 GMT

Japan retail sales jump most in October, indicate economic rebound

Japan's retail sales increased at the fastest pace in ten months in October, as consumers bought more cars, fuel, cosmetics and medicines, in a sign that firm private consumption would put the economy on track for expansion.

Thu, 29 Nov 2018 03:25:35 GMT

Volkswagen plans new factory in North America for electric cars

Volkswagen announced its intention to locate a new factory in North America to make electric vehicles for the US market, the German automaker's new Head for the US stated.

Thu, 29 Nov 2018 03:23:10 GMT

Huawei seeks NZ clarifications after 5G bid rejection

Huawei Technologies stated that it would like to receive clarification from New Zealand after its intelligence agency rejected the industry's first request to use China's firm's equipment in 5G mobile network.

Wed, 28 Nov 2018 20:50:28 GMT

Seat to develop EV platform in China with JAC

Volkswagen's Spanish Seat brand stated that it is set to develop the electric car platform together with the Chinese company Anhui Jianghuai Automobile within a broader Asia's expansion push.

Wed, 28 Nov 2018 20:50:24 GMT

Federal Reserve's gradual rate increases balance against risks

The US Fed Chair Jerome Powell stated that the Federal Reserve's gradual rate hikes are set to balance risks, as the Bank attempts to keep the economic growth on track.

Wed, 28 Nov 2018 19:54:42 GMT

CDC to invest nearly $4.5B in Africa

The UK development finance agency CDC announced plans to invest up to $4.5B in Africa over four years to strengthen ties with the continent, as the country prepares to quit the EU.

Wed, 28 Nov 2018 19:52:44 GMT

BoE: worst-case Brexit tougher than financial crisis

The UK would risk a larger hit to the economy than over the global financial crisis, if it quits the EU in a disorderly manner next year, the Bank of England stated.

Wed, 28 Nov 2018 18:54:26 GMT

US economy expands 3.5% in Q3

The US economy revealed solid growth pace in the third quarter, matching previous estimates, owing to bigger boost from inventories and stronger business investment.

Wed, 28 Nov 2018 18:53:31 GMT

EZ growth broad-based, trend remains weak

Euro zone growth was still broad-based, though low productivity and high debt kept the growth pace slow compared with other advanced economies, the ECB Vice President stated.

Wed, 28 Nov 2018 18:21:38 GMT

Daimler to start producing EV in China next year

Daimler is expected to start making electric vehicles in China in 2019, aiming to meet Beijing's anti-pollution quotas for vehicle producers.

Wed, 28 Nov 2018 18:20:49 GMT

US new home sales fall markedly last month

Sales of new single-family homes in the US dropped to the lowest level in more than two years in October due to sharp falls in all four regions.

Wed, 28 Nov 2018 17:02:00 GMT

Eaton explores acquisition of Turkey's Ulusoy Elektrik

The New York-listed power management group Eaton Corporation has entered the advanced talks to acquire Turkey's Ulusoy Elektrik in a potential deal worth about $300M.

Wed, 28 Nov 2018 16:55:05 GMT

US senators urge Washington to investigate ZTE's work in Venezuela

On Wednesday, the US senators called on Trump's Administration to launch an inquiry into ZTE Corp's operations in Venezuela to check whether the China telecommunications firm had violated US sanctions by monitoring citizens behaviour.

Wed, 28 Nov 2018 16:37:14 GMT

PM May says Brexit agreement is best for UK

On Wednesday, the British Prime Minister Theresa May stated that the analysis, conducted by her government, showed that the Brexit deal, which she discussed with Brussels, is the best scenario to deliver on the 2016 referendum.

Wed, 28 Nov 2018 16:18:08 GMT

Biotech firm Moderna sees raising up to $521.7M in IPO

On Wednesday, biotech firm Moderna stated it was hoping to attract up to $521.7M in the listing on the Nasdaq Stock Exchange, bringing the company's value to around $7.8B.

Wed, 28 Nov 2018 15:39:33 GMT

56% of Trinidad shares tendered in Ensign Energy's hostile bid

Ensign Energy Services, the Canadian oilfield services provider, stated on Tuesday it tender had received 56% of Trinidad Drilling's shares in its hostile bid, making the rival Precision Drilling to walk away from the deal.

Wed, 28 Nov 2018 14:37:23 GMT

Detroit automakers keep cutting car output in North America

The Detroit Three automakers, Ford Motor, Fiat Chrysler Automobiles and General Motors, continue to narrow their car production in North America amid plunging demand for classical sedans.

Wed, 28 Nov 2018 14:32:43 GMT

Polio vaccination campaign kicks off in Yemen

The aid agencies, WHO and UNICEF, launched the polio vaccination campaign to inoculate about 5M children in Yemen, as the state's healthcare system is hit by three-year war.

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