News

Tue, 30 Oct 2018 10:52:44 GMT

Stock markets continue to decline

European and Asian stock market indices continued to decline by the middle of Tuesday's London session.

Tue, 30 Oct 2018 10:52:16 GMT

Traders bet on Yuan fall

As the Chinese Yuan approaches the seven dollar mark, market participants expect that the government will eventually let the currency fall below this level.

Tue, 30 Oct 2018 10:36:48 GMT

Sam's Club plans opening new innovation centre in Texas

Sam's Club, the warehouse chain owned by Walmart, is set to launch a new innovation centre and store in Texas' Dallas, to test technology ahead of its implementation in stores.

Tue, 30 Oct 2018 10:32:28 GMT

AstraZeneca to sell EU rights to Nexium to Grunenthal

AstraZeneca stated it was planning to sell its EU rights to Nexium, the acid-reflux medicine, to Grunenthal in a deal worth $700M in an upfront and $90M as the future sales-related payments.

Tue, 30 Oct 2018 09:39:07 GMT

Restaurant Group acquires Wagamama

On Tuesday, Frankie & Benny's British owner Restaurant Group acquired the noodle chain Wagamama in a cash-deal valued at $457.03M, on the back of the company's expansion.

Tue, 30 Oct 2018 09:36:00 GMT

Japan's Eighteenth Bank & Shinwa Bank to delay merger deal by six months

Shinwa Bank and Japan's Eighteenth Bank decided to delay their merger deal by six month, as they seek to prepare for the local calendar change.

Tue, 30 Oct 2018 08:37:50 GMT

Sony lifts annual profit forecasts to record-high amid robust Q2 results

Sony increased the annual operating profit estimates by 30% to its record-high, after reporting robust Q2 profit results, driven by its popular game titles and growing demand for the company's online gaming services.

Tue, 30 Oct 2018 08:31:27 GMT

Kroger, Ocado agree service terms to May merger

On Tuesday, Britain's online grocer Ocado stated it had agreed operational and service terms regarding its merger deal with the US supermarket chain Kroger, signed in May.

Tue, 30 Oct 2018 07:38:16 GMT

Wirecard's revenue rises 35% in Q3

On Tuesday, the German fintech group Wirecard reported its revenues surged 35% in the Q3 to €549.2M, topping analysts' estimates of €529.9M.

Tue, 30 Oct 2018 07:34:31 GMT

Nintendo Q2 profit jumps 30%, but misses forecasts

Japan's Nintendo has posted a 30% rise in its Q2 operating profit this Tuesday, albeit missing analysts' expectations, as company's sales boost its earning recovery.

Tue, 30 Oct 2018 05:41:24 GMT

Walmart introduces innovations during holiday season

Walmart Inc announced on Tuesday that this holiday season the retailer is offering fast checkout and digital store maps.

Tue, 30 Oct 2018 05:41:17 GMT

Oil prices decrease on Tuesday

On Tuesday, global crude oil prices decreased, as various signs showed that global oil supply has increased.

Tue, 30 Oct 2018 05:29:59 GMT

USD remains firm on Tuesday

On Tuesday, the US Dollar held its overnight gains, as it was supported by safe haven buying caused by the dumping of the Chinese Yuan, which reached a ten year low level.

Tue, 30 Oct 2018 05:29:31 GMT

China's authorities call out Xiaomi

On Tuesday, the Chinese Ministry of Finance revealed that the Chinese smartphone company Xiaomi has made errors in accounting

Tue, 30 Oct 2018 04:20:50 GMT

Mondelez to rise price to cope with higher freight costs

Mondelez International stated that it would rise prices for biscuits, candies and gums in the US and certain emerging markets in 2019 to battle increasing transportation and freight costs.

Tue, 30 Oct 2018 04:19:09 GMT

Google to grant $25M to AI

Alphabet's Google announced that it is set to grant nearly $25M globally in 2019 to environmantal and humanitarian projects, seeking to use artificial intelligence to speed up and grow projects' efforts.

Tue, 30 Oct 2018 02:57:03 GMT

BHP trims China, US GDP growth forecasts amid trade conflict

The world's largest miner BHP Billiton trimmed expectations of global expansion for 2019 and 2020 amid trade conflict between the US and China, the company's Chief Commercial Officer stated.

Tue, 30 Oct 2018 02:53:47 GMT

Japan's unemployment rate falls to 2.3%

The Japanese jobless rate dropped to 2.3% in September, while jobs' availability improved to the strongest level since January 1974, government data revealed.

Mon, 29 Oct 2018 21:17:17 GMT

Telecom Italia likely to pick I Squared as bidder for Persidera stake

Telekom Italia is likely to choose the US firm I Squared Capital as the preferred bidder for a stake sale in its broadcasting unit Persidera during the board meeting scheduled for Tuesday.

Mon, 29 Oct 2018 20:54:26 GMT

Mobileye, VW to roll out Israeli first self-driivng ride-hailing service

Intel's Mobileye and Volkswagen are planning to launch first ride-hailing service in Israel, using autonomous cars, as early as in the beginning of the next year, both companies confirmed on Monday.

Mon, 29 Oct 2018 20:25:22 GMT

Brookfield likely to acquire Johnson Controls' battery business

Johnson Controls International is getting closer to selling its power solutions unit, focused on the car battery production, to Brookfield Asset Management in a deal that could be valued at $13B-$14B.

Mon, 29 Oct 2018 20:20:49 GMT

Mars gets EU approval for AniCura acquisition

On Monday, the European Commission stated it had granted its approval for the EU veterinary business AniCura's takeover by the US pet food producer Mars Petcare.

Mon, 29 Oct 2018 19:16:50 GMT

British government plans to sell RBS stake by 2024

The UK government has announced plans to sell all the remaining shares in the Royal Bank of Scotland by 2024.

Mon, 29 Oct 2018 19:07:10 GMT

Di Maio calls for unity within 5-star party

On Monday, Italy's Deputy Prime Minister Luigi Di Maio warned against party divisions, after the 5-star movement party was forced to reverse an electoral pledge to stop international gas transport project.

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