News

Tue, 24 Jul 2018 02:53:31 GMT

Nike to raise wages for 7.5K employees

Nike Inc stated that it is set to raise wages for nearly 7.5K employees, following a global review of pay, two months after the company concluded a probe into workplace behaviour resulting in the top executives' departure.

Tue, 24 Jul 2018 02:53:24 GMT

Alphabet hits profit estimates, as Google holds back costs

Alphabet revealed that expenses from the company's Google search business expanded more slowly in the Q2, while revenue grew more steeply than anticipated, pushing shares up 3.6% after hours.

Tue, 24 Jul 2018 02:34:47 GMT

Mexico, US anticipate progress in NAFTA talks

The US President Donald Trump spoke warmly of Mexican incoming president, saying he anticipated to get something worked out on NAFTA, while a top Mexico's official stated that there was scope to revive the trade negotiations this week.

Tue, 24 Jul 2018 02:30:55 GMT

Japanese manufacturing activity weakest in years

Japan's manufacturing activity grew at the weakest pace in 1-1/2 years this month, a preliminary survey revealed, in a sign that an intensifying trade war started to put the brakes on major economies.

Mon, 23 Jul 2018 19:55:24 GMT

BoE says renewed payments system adapted to blockchain

According to the Bank of England, the renewed RTGS payments system would be able to engage with fintech firms which are using blockchain, thus boosting innovation.

Mon, 23 Jul 2018 19:54:05 GMT

US stocks gain on higher bond yields

US stocks strengthened on Monday, as higher 10-year bond yields had positive effect on company financials.

Mon, 23 Jul 2018 19:01:36 GMT

Wren House to buy oil, gas company NSMP

Wren House, a UK-based infrastructure arm of the sovereign wealth fund Kuwait Investment Authority, agreed to buy North Sea Midstream Partners without disclosing financial terms.

Mon, 23 Jul 2018 19:00:00 GMT

Papa John's shares plunge following stock dilution announcement

Shares of the US restaurant franchise company Papa John's International fell 8% on Monday after it announced an implementation of the ‘poison pill' stock dilution.

Mon, 23 Jul 2018 18:10:29 GMT

Veolia names new CFO

The French water and waste company Veolia has appointed Claude Laruelle as its new Chief Financial Officer.

Mon, 23 Jul 2018 18:05:54 GMT

Broadbent: interest rate changes will be main policy tool for BoE

The Deputy Governor of the Bank of England Ben Broadbent said changes in interest rates would be the bank's main policy tool when it started selling its QE assets worth £435M.

Mon, 23 Jul 2018 17:11:59 GMT

CADA: Chinese used-car market to expand in 2018

According to the China Automobile Dealers Association, the Chinese market for used cars will continue to expand in 2018 with estimated 15M vehicles being sold throughout the year.

Mon, 23 Jul 2018 17:09:03 GMT

Exxon Mobil to release Q2 results on July 27

The US-based oil and gas company Exxon Mobil Corporation is set to release its financial results for the second quarter of 2018 on July 27.

Mon, 23 Jul 2018 15:52:23 GMT

Hasbro's net revenue falls 7% in Q2Y2018

The US-based toy and board game company Hasbro Inc has reported a 7% decrease in its net revenue to $904.5M in Q2Y2018, affected by the liquidation of Toys ‘R' Us.

Mon, 23 Jul 2018 15:50:54 GMT

Australia's LEI increases 0.1% in May

The Conference Board's Leading Economic Index for Australia, which is based on seven economic indicators, rose by 0.1% month-on-month in May, similarly to the preceding month.

Mon, 23 Jul 2018 15:17:28 GMT

Ericsson, Singtel to cooperate on 5G pilot project in Singapore

The telecommunications company Ericsson has announced cooperation with Singtel in order to launch the first 5G pilot network in Singapore by late 2018.

Mon, 23 Jul 2018 15:10:21 GMT

Japan's 10Y bond yield increases amid monetary tightening concerns

The Japanese 10Y bond yield rose to a six-month high on Monday in response to a Reuters report that the Bank of Japan might be considering ending its massive monetary stimulus.

Mon, 23 Jul 2018 14:22:45 GMT

Verint Systems-NSO Group merger talks end with no deal

The merger talks between the US software firm Verint Systems' security division and the Israeli cyber surveillance company NSO Group worth $1.0B have terminated with no deal being reached, sources reported on Monday.

Mon, 23 Jul 2018 14:12:52 GMT

Tesla shares plunge on report addressed to suppliers

On Monday, shares in Tesla dropped more than 4% after the report that the company asked some of its suppliers for the previously made payments' refunds, as it seeks to turn profit.

Mon, 23 Jul 2018 12:39:42 GMT

Magna-BAIC deal lifts prospects for China's automotive car production

The joint venture of Canada's car supplier Magna International and China's carmaker BAIC Group is likely to produce vehicles for the ride-hailing titan Didi Chuxing and China's e-car start-up Singulato Motors.

Mon, 23 Jul 2018 12:35:36 GMT

Blackstone secures EU approval to acquire Thomson Reuters unit

The US private equity company Blackstone Group has won the EU antitrust approval to purchase a controlling stake in the Thomson Reuters' Financial & Risk unit, the EU Commission stated on Monday.

Mon, 23 Jul 2018 10:20:56 GMT

KPMG changes chief risk officer

KPMG UK on Monday revealed that the company has named Mary O'Connor as the new chief risk officer of the company.

Mon, 23 Jul 2018 10:20:27 GMT

PwC appoints new head of risk and regulation

The audit firm PWC UK has named Sarah Isted as the head of financial services risk and regulation.

Mon, 23 Jul 2018 09:36:48 GMT

PayU acquires Israel's Zooz in $80M deal

The Israeli online payment firm PayU agreed to acquire the Tel-Aviv-based payment tech company Zooz, its Chief Executive Officer Oren Levy announced on Monday.

Mon, 23 Jul 2018 09:04:08 GMT

China's President Xi seeks to provide $295M to Sri Lanka

The President of China Xi Jinping has made a proposal to Sri Lanka to provide with a fresh grant of $295M, amid Beijing's planned influence expansion in the small island country.

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