News

Mon, 24 Sep 2018 16:04:39 GMT

Deputy AG Rosenstein summoned at the White House

On Monday, the US Deputy Attorney General Rod Rosenstein was summoned at the White House on reports he offered to resign.

Mon, 24 Sep 2018 15:29:09 GMT

Sirius XM to buy Pandora in $3.5 billion streaming push

Satellite radio firm Sirius XM is set to buy online music service Pandora Media in a $3.5B all-stock deal that would help the company to battle increasing competition from rivals Apple Music and Spotify.

Mon, 24 Sep 2018 15:27:10 GMT

Siemens to cut 2.9K jobs in Germany within €500M cost-saving plan

German engineering group Siemens stated that it would cut nearly 2.9K jobs in Germany within a restructuring plan to reach €500M in cost savings.

Mon, 24 Sep 2018 14:17:47 GMT

European markets decline on Monday

European equity market indices declined on Monday. Financial media blamed trade war fears for the decline.

Mon, 24 Sep 2018 14:17:41 GMT

Symantec ends accounting check

On Monday, Symantec announced that after a four month long probe into its financials the company's previously announced financial results have not changed.

Mon, 24 Sep 2018 12:53:53 GMT

Commodity merchants expect oil at $100

Commodity traders from Trafigura and Mercuria announced at a conference in Singapore that oil prices could surge up to the $100 mark by the end of the year.

Mon, 24 Sep 2018 12:53:45 GMT

Volvo stops truck assembly in Iran

On Monday, a spokesman for Volvo announced that the company has stopped assembling Volvo trucks in Iran due to US sanctions on the country.

Mon, 24 Sep 2018 11:50:19 GMT

S&P 500 launches new index

On Monday, the S&P 500 communications services index will make his debut in the financial markets. The index is set to include high profile names like Alphabet, Facebook and Google.

Mon, 24 Sep 2018 11:50:09 GMT

European Union sues Poland

The EU authorities have sued Poland in the highest court of the European Union over recent changes in the polish judiciary system.

Mon, 24 Sep 2018 11:17:45 GMT

Ministers continue to support May's plans

The UK Prime Minister Theresa May's spokesman said on Monday that senior ministers of her cabinet continue to fully support her Brexit plans despite wide division in the Conservative Party.

Mon, 24 Sep 2018 11:12:37 GMT

Michael Kors to take Versace under control

According to sources familiar with the matter, the US famous designer and co-owner of the company of the same name Michael Kors has agreed to take Italy's Versace under control.

Mon, 24 Sep 2018 10:22:13 GMT

UAE Careem buys Commut app

The UAE-based ride-hailing transportation network company Careem has purchased massive transportation application Commut in such a way making its entry into Indian market.

Mon, 24 Sep 2018 10:12:51 GMT

Barrick Gold to acquire Randgold Resources

The world's largest gold mining company Barrick Gold has announced its decision to acquire Randgold Resources that is operating in Mali for $$18.3, thus becoming the world's top gold company by output and value.

Mon, 24 Sep 2018 09:08:24 GMT

Labourites to push for second referendum

The British Labour Party is planning to vote for organization of a second referendum on exit from the European Union in case Theresa May fails to negotiate her withdrawal plan.

Mon, 24 Sep 2018 09:03:16 GMT

Oil prices up 2%

Crude oil prices surged by 2% or $1.35 on Monday morning, reaching $72.13 per barrel, amid new set of American sanctions against Iranian exports.

Mon, 24 Sep 2018 04:44:51 GMT

Asian shares decline due to trade wars

As the US and China imposed tariffs one on another, Asian stock indexes were declining. Meanwhile, oil prices surged to new high levels.

Mon, 24 Sep 2018 04:44:43 GMT

Singapore's authorities fine Grab and Uber

Ride hailing firms Uber and Grab have been fined $9.5 million by Singapore's authorities due to the merger deal made by the two companies.

Mon, 24 Sep 2018 04:29:57 GMT

US and China continue trade wars

On Monday, both China and the United States imposed new tariffs one on another. The event caused immediate fluctuations in the financial markets.

Mon, 24 Sep 2018 04:29:10 GMT

Japan and US discuss trade

On Monday, the Japanese PM Shinzo Abe revealed that the first round of talks between him and Donald Trump on Sunday on trade were constructive and progress was made.

Mon, 24 Sep 2018 03:36:42 GMT

Uber, Grab fined by Singapore competition watchdog $9.5M

Singapore's competition watchdog fined ride-hailing firms Uber and Grabs a total $9.5M and announced other measures to address competition concerns appearing from the two firms' merger in the city.

Mon, 24 Sep 2018 03:32:25 GMT

Dell reconsiders IPO option due to tracking stock deal pushback

Dell Technologies was exploring an initial public offering after shelving the option earlier in 2018 in favour of going public buying back special stocks from investors, sources familiar with the matter stated.

Mon, 24 Sep 2018 02:37:42 GMT

Global digital marketing spending nears $100B

Spending on digital marketing increased 44% last year in the US and Britain to $52B, indicating that global outlays over such tactics would approach $100B, a study revealed.

Mon, 24 Sep 2018 02:33:42 GMT

Global expenditure on advertising to grow 4.5% in 2018

Global advertising expenditure is expected to reach $581B by the end of this year, with most of the growth in sponsored content in social media ads and search engines, Zenith reported.

Sun, 23 Sep 2018 19:54:07 GMT

Global debt continues to grow

A report released on Sunday revealed that international debt issues have soared. Namely, government issued dollar-denominated bond issues have increased in the recent years.

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