News

Fri, 26 Oct 2018 09:38:11 GMT

StenoCare shares to make stock debut this Friday

StenoCare, the Danish cannabis oil company, stated it would debut its shares on the market this Friday, seeking to gain advantage of the recent jump in investor interest.

Fri, 26 Oct 2018 08:18:01 GMT

France's Edenred denies plans to acquire Ingenico stake

Edenred, the French card provider, has denied any intention to acquire a stake in Ingenico, potentially paving the way for Natixis to bid for the French payments group.

Fri, 26 Oct 2018 08:14:27 GMT

Alibaba, Richemont tie up over Chinese online luxury market

Richemont and Alibaba have joined their forces with intention to crack the Chinese online luxury market; a cooperation that is set to feature Yoox Net-a-Porter Group's offerings to the local customers.

Fri, 26 Oct 2018 06:55:48 GMT

UK grants approval for Brexit reorganisation to AIG

On Thursday, American International Group stated it had received the final approval from the UK to divide its London-based EU insurance business into two new entities, as part of its Brexit restructure.

Fri, 26 Oct 2018 06:51:00 GMT

Mellanox hires financial adviser for potential sale

The chipmaker Mellanox Technologies is working with a financial adviser on a potential sale, as the company raised a takeover interest in at least two firms, a CNBC report showed on Friday.

Fri, 26 Oct 2018 06:39:39 GMT

Chevron seeks to acquire PRSI oil refinery

Chevron is in negotiations to acquire the Brazilian oil company's Texas refinery Pasadena Refining System, according to sources familiar with the situation.

Fri, 26 Oct 2018 05:10:19 GMT

Japan and China sign cooperation agreements

On Friday, the Prime Minister of China Li Keqiang and his Japanese colleague Shinzo Abe signed a number of cooperation agreements intended to improve bilateral relations in the areas of innovation, trade, finance and security.

Fri, 26 Oct 2018 05:06:19 GMT

Singapore to suffer from escalating trade war

The Monetary Authority of Singapore stated on Friday that an escalating trade tensions between the United States and China most probably would hit the country's economy in coming year, though strength of the impact is uncertain.

Fri, 26 Oct 2018 04:21:14 GMT

China urges Japan to protect free trade

In a meeting with the Japanese Prime Minister Shinzo Abe, the Chinese Premier Li Keqiang called his neighbouring country to safeguard free trade and multilateralism, thus becoming an area of peace and growth.

Fri, 26 Oct 2018 04:16:20 GMT

GM calls government to support national EV program

On Friday, General Motors Co (GM) urged the United States government to support national electric vehicle (EV) program that could result in 7M cars of such type on roads by 2030.

Fri, 26 Oct 2018 03:26:10 GMT

Amazon's outlook for sales on holiday season below forecast

Amazon.com projected holiday season sales and profit, which missed Wall Street view, expecting revenue growth to be the weakest in years, sending the company's shares 8% down.

Fri, 26 Oct 2018 03:18:37 GMT

Tokyo inflation steady in October

Tokyo's core inflation remained unchanged in October from the prior month, government data revealed, offering small encouragement for the Central Bank f Japan, as it struggles to reach 2% inflation target.

Thu, 25 Oct 2018 20:35:16 GMT

Tesla Q3 profit quiets critics

Tesla shares soared on Thursday as Wall Street analysts stated that the company passed behind with profitable Q3 results and might not now need to increase outside capital.

Thu, 25 Oct 2018 20:28:45 GMT

British wages pick up, still below pre-crisis levels

The UK households enjoyed strongest wage growth in the year to April, though earnings were still below levels before the 2008 financial crisis, an annual survey revealed.

Thu, 25 Oct 2018 19:22:43 GMT

US business spending on equipment cools in September

The US business spending on equipment remained weak in September, while the goods trade deficit kept widening, as growing imports outpaced exports' rebound, indicating that economic growth moderated in the Q3.

Thu, 25 Oct 2018 19:16:53 GMT

Whirlpool set to increase prices to counter high costs

Whirlpool stated that it expected about $300M in costs amid higher expenses on raw materials and tariffs, and announced plans to counter that via raising prices and exiting loss-making businesses.

Thu, 25 Oct 2018 16:53:35 GMT

IT firm ConvergeOne thinks over sale

ConvergeOne Holdings, the IT services provider, considers selling itself after it has raised a takeover interest from PE firms, sources familiar with the situation stated on Thursday.

Thu, 25 Oct 2018 16:48:14 GMT

StoneCo shares rise 33% in US market debut on Thursday

Shares in the Brazilian firm StoneCo surged 33% on Thursday in their US market debut, bringing the credit card processor's value to $8.88B.

Thu, 25 Oct 2018 15:57:03 GMT

Fortum head does not expect quick progress on Uniper talks

Fortum's CEO Pekka Lundmark stated was not expecting the cooperation talks with the German firm Uniper to have any quick progress, adding they would take time to solve all the issues.

Thu, 25 Oct 2018 15:50:43 GMT

Germany's Metro searching for partner in Chinese business

Germany's Metro has started searching for a strategic partner for the company's Chinese business, as the wholesaler is reviewing all possible options for its Asian unit, Bloomberg reported.

Thu, 25 Oct 2018 15:25:20 GMT

Toshiba Memory plans to go public in autumn 2019

The number two NAND flash memory chip producer in the world, Toshiba Memory, is set to go public next autumn, according to a Kyodo News report published on Wednesday.

Thu, 25 Oct 2018 15:12:44 GMT

Faurecia to acquire Hitachi's arm Clarion for $710M

France's auto parts manufacturer Faurencia will acquire a controlling stake in Japan's Clarion, the car navigation system developer, from its owner Hitachi in a deal worth $710M, according to the Nikkei.

Thu, 25 Oct 2018 14:32:21 GMT

Toshiba weights liquidation of British nuke arm NuGen

Toshiba is thinking over a liquidation of its British nuclear division NuGen, a move that would leave the country to find for alternatives, as the project provided about 7% of the UK electricity.

Thu, 25 Oct 2018 14:27:44 GMT

Essar Steel India offers to pay $7.42B in settlement to creditors

Essar Steel India has proposed a $7.42B settlement to its creditors over claims, a deal that could allow the firm to exit from its bankruptcy process.

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