News

Thu, 15 Nov 2018 11:05:17 GMT

UK ministers resign due to Brexit

On Thursday, the United Kingdom's government was in turmoil, as various ministers quit over Brexit. The event caused a more than 250 base point drop in GBP/USD.

Thu, 15 Nov 2018 10:34:59 GMT

Nordzucker explores Mackay Sugar takeover

Nordzucker, the German second biggest sugar refiner, has entered talks to acquire the Australian firm Mackay Sugar, the company's spokeswoman stated on Thursday.

Thu, 15 Nov 2018 10:31:44 GMT

Beyoncé acquires clothing brand from Britain's Philip Green

The US poplar singer Beyoncé has acquired the fitness clothing brand, Ivy Park, launched a few years ago with the UK retail tycoon Philip Green, after he had been accused of sexual harassment.

Thu, 15 Nov 2018 09:36:29 GMT

Vale-BHP Brazil JV Samarco picks new CFO

Brazil joint venture Samarco Mineracao, established by Vale SA and BHP Billiton, appointed Cristina Cavalcanti, the former Usiminas mining executive, as the JV's new Chief Financial Officer.

Thu, 15 Nov 2018 09:31:17 GMT

JBS posts robust Q3 results, sends shares up

The world's largest meat exporter JBS reported higher-than-expected Q3 results of its US and Brazilian beef operations, sending the company's shares up almost 7% on Thursday.

Thu, 15 Nov 2018 07:52:37 GMT

Levi Strauss eyes going public in 2019 Q1

Levi Strauss & Co, the 145-year-old jeans maker, is exploring a potential initial public offering in the Q1 of the next year, planning to raise up to $800M, according to a CNBC report published on Wednesday.

Thu, 15 Nov 2018 07:52:25 GMT

China's JD Group puts HK insurance unit up for sale

JD Group, the Chinese financial firm, is planning a sale of FTLife Insurance, its insurance business unit in Hong Kong, seeking to raise up to $2.5B in a potential deal.

Thu, 15 Nov 2018 07:35:19 GMT

Saudi Arabia's PIF considers buying stake in movie studio Legendary

PIF, the Saudi Arabian sovereign wealth fund, is thinking over a purchase of a $700M worth stake in the US movie studio Legendary Entertainment, the producer of "Interstellar" and "Jurassic World" films, according to sources.

Thu, 15 Nov 2018 07:31:04 GMT

South Korea's CJ acquires Schwan's Co for $1.84B

On Thursday, the South Korean food giant CJ CheilJedang stated it had acquired the privately-owned US frozen food company Schwan's Co in a deal worth $1.84B, the biggest-ever takeover by the food-to-entertainment conglomerate.

Thu, 15 Nov 2018 05:49:55 GMT

Instacart raises $271M in new fund rising in November

Grocery delivery startup firm Instacart raised $271M this month from investors, including Tiger Global Management, bringing the latest round of funding to $871M, sources familiar with the matter stated.

Thu, 15 Nov 2018 05:42:57 GMT

Bain Capital Ventures closes $1B fund

Bain Capital Ventures, the venture capital arm of the investment firm based in Boston, stated that it raised a new $1B fund to invest in startup companies, adding to a year of fund-raising by tech investors.

Thu, 15 Nov 2018 05:32:18 GMT

Walmart's delivery app Cornershop eyes US, Canada

Cornershop, a LatAm grocery delivery application acquired by Walmart, is set to expand into Canada in 2019 as a test market for the US, an executive stated.

Thu, 15 Nov 2018 05:28:44 GMT

Chinese home prices grow slightly last month

China's new home prices increased modestly in October, supported by sustained gains in small cities and suggesting that the main driver of economic expansions remained resilient.

Wed, 14 Nov 2018 20:45:01 GMT

British PM looks for Cabinet approval of Brexit deal

The British Prime Minister Theresa May is looking for the Cabinet's approval of the final version of the Brexit deal between the UK and the EU.

Wed, 14 Nov 2018 20:43:48 GMT

China, Singapore to promote ties, China-ASEAN cooperation

China and Singapore on Wednesday agreed to promote ties and further improve relations between China and the Association of Southeast Asian Nations.

Wed, 14 Nov 2018 20:33:00 GMT

Zimbabwean Mnangagwa approves $5.3B investments

The Zimbabwean President Emmerson Mnangagwa approved 11 investment projects worth $5.3B, the Chief Secretary to the President and Cabinet says.

Wed, 14 Nov 2018 20:32:10 GMT

German GDP declines in Q3

Germany's gross domestic product contracted 0.2%, the first time in around three years, in the third quarter of 2018, the country's Federal Statistical Office reports.

Wed, 14 Nov 2018 19:33:12 GMT

German Wirecard revises outlook for 2019

The German payment service provider Wirecard raised its earnings forecast for 2019 after reporting strong growth in the third quarter of 2018.

Wed, 14 Nov 2018 19:30:38 GMT

Tencent announces 24% revenue growth in Q3

China's Internet giant Tencent reported a 24% revenue growth in the third quarter of 2018, compared to the same period the previous year.

Wed, 14 Nov 2018 18:38:53 GMT

China promises friendship with Taiwan

China plans to deepen friendship relations with Taiwan despite current tensions, the Chairman of the Chinese People's Political Consultative Conference Yu Zhengsheng says.

Wed, 14 Nov 2018 18:38:11 GMT

Vietnam-Myanmar trade hits $500M

Bilateral trade between Vietnam and Myanmar reached $538M for the previous nine months, the Global New Light of Myanmar reports.

Wed, 14 Nov 2018 16:54:32 GMT

VW to convert three factories in Germany to build EV

Volkswagen is set to convert three plants in Germany to build electric vehicles, as Europe's biggest carmaker by sales begins mass producing zero-emission cars in astrategy shift after emissions cheating scandal.

Wed, 14 Nov 2018 16:54:24 GMT

Blue Apron to sacrifice revenue growth next year

Blue Apron Holdings stated that the company would sacrifice its overall revenue growth and diminish marketing expenses next year, causing a volatile decline in shares.

Wed, 14 Nov 2018 16:19:32 GMT

Tencent profit jumps on investment gain in Q3

Tencent beat forecasts for profit in the third quarter, but provided no updates on a regulatory block in China, the world's biggest gaming market, that damaged the company's core business.

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