News

Thu, 11 Oct 2018 11:44:53 GMT

OPEC releases announcement

On Thursday, OPEC revealed that the organization expects the oil market to be well supplied and expects no glut next year.

Thu, 11 Oct 2018 11:44:29 GMT

Financial analysts turn to cost analysis

In accordance with an article published by Reuters, Wall Street analysts have turned away from analyzing the impact of US tax cuts and instead are worried about the impact of rising borrowing costs.

Thu, 11 Oct 2018 11:23:13 GMT

Foxconn revenues grow

Taiwanese company's Foxcon's revenues have jumped by 30 percent in September. The company is known by most as a key supplier of Apple.

Thu, 11 Oct 2018 11:22:46 GMT

IMF chief defends the Federal Reserve

The head of the International Monetary Fund Christine Lagarde on Thursday announced that she does not agree with Donald Trump's statements about the Federal Reserve hikes being crazy.

Thu, 11 Oct 2018 10:20:34 GMT

Skoda deliveries drop in September

Skoda Auto car deliveries have dropped by 16% in September. The conversions of cars to conform to new regulations are being blamed for the drop.

Thu, 11 Oct 2018 10:19:44 GMT

SEC and Tesla reach settlement

On Wednesday, Tesla's CEO and the US SEC filed a submission in support of the resolution and approval of the civil matter between the two parties.

Thu, 11 Oct 2018 09:12:27 GMT

Chinese car dealers push for tax cut

The top car dealers association in China sent a request to the government to halve taxes on auto purchases.

Thu, 11 Oct 2018 09:12:05 GMT

UK lenders mortgage decline

A survey of Bank of England on Thursday revealed that lenders in the UK are expecting the largest mortgage lending decline since late 2008.

Thu, 11 Oct 2018 07:53:11 GMT

Core Appalachia signs takeover deal with Diversified Gas & Oil

On Thursday, Diversified Gas & Oil stated it had acquired Core Appalachia, the privately owned natural gas producer, in a deal valued at $183M.

Thu, 11 Oct 2018 07:52:59 GMT

Apple to acquire part of Dialog's business for $600M

Apple agreed to acquire part of the chip supplier Dialog Semiconductor's business in a deal worth $600M, on the back of expansion of Apple's chip operations in Europe.

Thu, 11 Oct 2018 03:38:29 GMT

World Bank creates 'human capital' ranking based on education, health

The World Bank Group revealed a new system to rank countries over the success in development of human capital, in a bid to prod governments to invest more in healthcare and education.

Thu, 11 Oct 2018 03:34:35 GMT

Pershing Square reveals $900M stake in Starbucks

William Ackman stated that Pershing Square, his hedge fund, built a roughly $900M position in Starbucks, betting that the coffee chain could overcome weak sales in the home market.

Thu, 11 Oct 2018 02:35:55 GMT

BMW to increase control of Chinese venture

Germany's BMW stated that it is set to gain control of the main China's joint venture for $4.2B, the first such move after Beijing started to relax ownership regulations for the auto market.

Thu, 11 Oct 2018 02:31:56 GMT

Micron to make $100M investment in AI companies

Micron Technology stated that it planned to invest up to $100M in startups working on artificial intelligence technologies, which would be used in self-driving vehicles, factory automation and other fields.

Wed, 10 Oct 2018 20:37:52 GMT

Apple plans to deliver original content to its devices for free

On Wednesday, CNBC reported that Apple Inc is planning to start delivering exclusive digital content via its video service to the owners of company's devices for free.

Wed, 10 Oct 2018 20:34:43 GMT

Putin and Trump could meet in Helsinki next year

On Wednesday, Finnish daily newspaper Helsingin Sanomat claimed that the President of the US Donald Trump could meet Russian President Vladimir Putin next spring in Helsinki.

Wed, 10 Oct 2018 19:37:36 GMT

Germany's Scholz: Italy must solve debt problem itself

On Wednesday, the Finance Minister of Germany Olaf Scholz claimed that Italy needs to deal with the problem of high national debt itself without the assistance from the EU.

Wed, 10 Oct 2018 19:34:42 GMT

FT: James Murdock is a candidate for Tesla CEO post

On Wednesday, the Financial Times reported that James Murdock, a former Chief Executive of Twenty-First Century Fox Inc and a son of Rupert Murdock, is the next possible candidate for the CEO role at Tesla Inc.

Wed, 10 Oct 2018 18:37:57 GMT

WhatsApp fixes video chat security bug

Facebook's WhatsApp messenger service stated it fixed the latest bug over the platform, which allowed hackers to take over applications of users, answering incoming video call.

Wed, 10 Oct 2018 18:35:07 GMT

Atlanta Fed expects US GDP to grow 4.2% in Q3

The Atlanta Fed's forecast showed that the US economy is likely to expand at a 4.2% annualised pace in the Q3, following the latest data release on wholesale trade and producer prices.

Wed, 10 Oct 2018 17:23:37 GMT

IKEA eyes partnerships to boost online business in Russia

IKEA Group was looking to sign strategic partnership agreements with Russia's companies to strengthen its local online business, the retailer's Russia country manager Pontus Erntell stated.

Wed, 10 Oct 2018 17:21:37 GMT

Philippines anticipates 7% growth from $180B infrastructure plans

The Philippines anticipated the economic expansion to recover to 7-8% target in 2019 despite global uncertainties, pushing ahead with plans related to infrastructure spending, the budget secretary stated.

Wed, 10 Oct 2018 16:15:48 GMT

Lotte Corp to buy $1.9B stake in chemicals affiliate

The South Korean firm Lotte Corp is planning to acquire a stake in its chemicals affiliate Lotte Chemical in a deal valued at $1.93B to improve its efficiency and governance.

Wed, 10 Oct 2018 16:07:19 GMT

Sears shares drop as firm preparing for bankruptcy

On Wednesday, shares of Sears Holdings plunged as much as 30% in early trading, after the report about hiring advisers, as the company is preparing to file for a bankruptcy ahead of a deadline on debt payment.

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