News

Wed, 09 May 2018 09:34:30 GMT

Avast reduces IPO price range up to 270 pence per share

On Wednesday, the cyber security company Avast has cut the expected price guidance for its landmark IPO to 250-270 pence per share from its earlier range of approximately 250-320 pence.

Wed, 09 May 2018 08:31:43 GMT

FCC chair meets T-Mobile, Sprint CEOs on merger

On Tuesday, the Chairman of the Federal Communications Commission Ajit Pai had a meeting with the Sprint and T-Mobile CEOs, who are seeking the approval for the $26B merger.

Wed, 09 May 2018 08:29:20 GMT

Total agrees to sell retail business unit to Bandari

The French oil firm Total has clinched a deal with Bandari Corporation to sell the company's retail business unit, not disclosing any further information over the sale.

Wed, 09 May 2018 07:12:45 GMT

WeDoctor raises $500M, values company at $5.5B pre-IPO

China's online healthcare solutions business WeDoctor, backed by Tencent Holdings, stated that it raised $500M from several investors, valuing the company at $5.5B on this year's pre-IPO.

Wed, 09 May 2018 07:12:02 GMT

Vodafone agrees €18.4B deal to buy Liberty assets

Vodafone Group agreed an €18.4B deal to purchase operations of cable TV firm Liberty Global in Czech Republic, Germany, Romania and Hungary.

Wed, 09 May 2018 05:06:26 GMT

Toyota forecasts lower operating profit due to stronger Yen

The car manufacturer Toyota Motor Corp expect a 4.2% drop in its operating profit in 2018, as stronger Yen is likely to offset the effect of cost reductions and higher global sales.

Wed, 09 May 2018 05:00:41 GMT

IMF: Asian economies strong, remain vulnerable to protectionism, market corrections

The growth forecast for Asian economies was strong; however, they remained vulnerable to protectionist policies and further market corrections, the IMF reported on Wednesday.

Wed, 09 May 2018 04:07:21 GMT

Chinese e-commerce platform Meili to seek $500M in IPO

The Chinese e-commerce company Meili Inc plans to raise $500M in an initial public offering in the United States scheduled for the second half of 2018.

Wed, 09 May 2018 04:03:05 GMT

Brent crude surges on Wednesday

Brent crude futures soared 2.5% to a three-year high of $76.75 early on Wednesday, as the US withdrawal from the Iran nuclear deal increased worries about the global oil supply.

Wed, 09 May 2018 02:33:52 GMT

Recruit to buy Glassdoor for $1.2B

Japan's HR services operator Recruit Holdings stated that it is set to buy the US job-site owner Glassdoor for $1.2B to tap into the database of salary data and company reviews.

Wed, 09 May 2018 02:33:07 GMT

Japan real wages grow in March

Japan's workers' inflation-adjusted real wages increased for the first time in the four-month period in March in an optimistic sign for consumption.

Tue, 08 May 2018 20:01:17 GMT

Uganda works with Ernst & Young to increase investment in free zones

Uganda on Tuesday signed a memorandum of understanding with audit firm Ernst & Young to increase investment in the country's free economic zones.

Tue, 08 May 2018 20:00:22 GMT

World Bank: Romania GDP to increase 5.1% in 2018

Romania's Gross Domestic Product is expected to increase 5.1% in 2018 compared to the year 2017, the World Bank says in a statement.

Tue, 08 May 2018 19:28:23 GMT

Chinese Premier congratulates Medvedev on new term as Russian PM

The Chinese Premier Li Keqiang on Tuesday congratulated Dmitry Medvedev for securing a new term as Russian Prime Minister.

Tue, 08 May 2018 19:27:27 GMT

Trump pulls US from Iran nuclear deal

The US President Donald Trump on Tuesday pulled the country out of an agreement aimed at stopping Iran from constructing a nuclear bomb and announced economic sanctions on Tehran.

Tue, 08 May 2018 18:11:26 GMT

German weapons exports to turmoil regions up significantly

German weapons exports to war-torn regions almost doubled after previous "grand coalition" run by Chancellor Angela Merkel, the German newspaper reported on Tuesday.

Tue, 08 May 2018 17:22:54 GMT

Argentina seeks funding from IMF to deal with peso volatility

Argentina is looking to get raise money from the International Monetary fund in order to deal with the latest market fluctuations punctuated by the country's peso plumbing lower lows.

Tue, 08 May 2018 17:09:35 GMT

White House plans to hold AI meeting with companies

The White House is going to hold a meeting of how artificial intelligence will affect the US industry and discuss it with major companies like Alphabet, Amazon, Facebook and Oracle.

Tue, 08 May 2018 16:25:36 GMT

Cambridge Analytica should not avoid scrutiny through closure

Cambridge Analytica, the company that was involved in controversial activities with handling the Facebook data, should not avoid scrutiny by shutting the firm down.

Tue, 08 May 2018 16:25:13 GMT

Trump likely to withdraw from Iran nuclear deal

The US President Donald Trump is anticipated to declare on Tuesday that the United States are withdrawing from the Iran deal, after European officials struggled to persuade him the opposite.

Tue, 08 May 2018 15:20:46 GMT

Amazon's veteran Stone to become new Snap's CFO

Snap, the Snapchat owner, stated it had hired Amazon's veteran Tim Stone as the company's new Chief Financial Officer to replace Andrew Vollero after his resignation.

Tue, 08 May 2018 14:18:13 GMT

Russia's Megafon to set up digital JV with Gazprombank, Rostec

On Tuesday, Megafon, one of the largest Russia's mobile phone operators, announced it would form a digital joint venture with Rostec and Gazprombank by cutting its stake in the Internet firm Mail.ru.

Tue, 08 May 2018 13:28:37 GMT

Trump expected to rule on Iran nuclear deal on Tuesday

The US President Donald Trump is set to announce his decision on the Iran nuclear deal on Tuesday, ruling whether to pull out from it or stay in, working with the EU allies.

Tue, 08 May 2018 13:26:03 GMT

North Korea's Kim arrives in China to meet President Xi

The leader of North Korea Kim Jong Un made a visit to China this week to meet the country's President Xi Jinping in the leaders' second encounter in the last two months amid their intention to mend ties.

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