News

Wed, 12 Feb 2020 19:41:23 GMT

Shopify''s shares hit record on strong sales forecast

Canada's e-commerce firm Shopify forecasts full-year revenue of more than $2.13B, above analysts' estimates, and better-than-anticipated quarterly earnings, sending shares to a record high.

Wed, 12 Feb 2020 18:49:52 GMT

Facebook partners with Reuters on fact-checking

Facebook announced that it reached a deal with Reuters, the news agency, aiming to fact-check content published on the platform and on its Instagram app.

Wed, 12 Feb 2020 17:49:59 GMT

Battery Ventures closes funding rounds totalling $2B

Battery Ventures, the venture capital firm focused on tech, raised $2B in two new funds, indicating investors' interest in start-ups in spite of high-profile stumbles, such as WeWork.

Wed, 12 Feb 2020 16:42:50 GMT

Dunelm set too top profit expectations

Dunelm, the UK home furnishings retailer, stated that its full-year pretax profit would exceed market expectations amid online sales growth in the H1, pushing overall sales 6% higher.

Wed, 12 Feb 2020 16:34:31 GMT

France's wine, spirits exports at record high

French spirits and wine exports grew 5.9% in a value to hit a record of €14B last year, as export companies booked sales before the US tariffs and Brexit, the FEVS said.

Wed, 12 Feb 2020 15:38:41 GMT

Blackstone, Carlyle offers $17.5B for Thyssenkrupp elevator

A consortium of CPPIB, Carlyle and Blackstone made a $17.5B offer for Thyssenkrupp's elevator unit, the highest among the private equity suitors, Reuters reported on Wednesday.

Wed, 12 Feb 2020 13:29:41 GMT

Microsoft appoints new head Israel development centre

On Wednesday, Microsoft Corp appointed Michal Braverman-Blumenstyk as a new general manager of the tech giant's Israel Development Centre.

Wed, 12 Feb 2020 12:01:57 GMT

Scotch whisky exports surge to record-high in 2019

The Scotch whisky exports' value surged to its record high in 2019, boosted by rising sales in India and Taiwan, which excluded concerns over the US tariffs and the Brexit uncertainty.

Wed, 12 Feb 2020 11:22:42 GMT

Russia's VTB competes 55% stake sale of Tele2 Russia

VTB, Russia's state lender, has completed its sale of the mobile phone firm Tele2 Russia 55% stake to Rostelecom, the state telecoms group, the companies announced on Wednesday.

Wed, 12 Feb 2020 10:33:16 GMT

U.S. stores, online sales boost Ahold's quarterly profit

On Wednesday, Ahold Delhaize reported a 3% surge in its Q4 core earnings, driven by its Hannaford US grocery and Food Lion chains as well as food retailer's strong online sales.

Wed, 12 Feb 2020 09:03:18 GMT

T-Mobile-Sprint merger deal gets approval from US judge

US federal judge has granted approval for the T-Mobile US and Sprint Corp merger, rejecting a claim filed by a states group that the proposed deal would raise prices and violate antitrust laws.

Wed, 12 Feb 2020 07:46:41 GMT

JPMorgan chosen as adviser for Turkish Motorway's stake sale

JPMorgan has been chosen as a stake sale adviser in the $7.3B Turkish motorway, Reuters reported on Wednesday.

Wed, 12 Feb 2020 07:35:18 GMT

Lyft sees slower revenue growth in 2020

Lyft Inc announced it is expecting slower growth in its 2020 revenue and would leave the company's target profit date unchanged.

Wed, 12 Feb 2020 06:13:58 GMT

Taiwan's Foxconn targets 50% China production

According to a source with direct knowledge of the matter, Foxconn, the world's largest contract electronics maker, plans to resume half of its production in China before the end of February.

Wed, 12 Feb 2020 05:03:03 GMT

Samsung unveils foldable smartphone

Samsung Electronics, the world's biggest smartphone maker, unveiled a new fordable smartphone, the Galaxy Z Flip on Tuesday.

Wed, 12 Feb 2020 04:02:17 GMT

Carney says more investment needed to boost UK economy

On Tuesday, the Governor of the Bank of England Mark Carney said that more investment is needed to boost Britain's economy growth.

Wed, 12 Feb 2020 02:56:39 GMT

Aerolineas Argentinas to add new flights to Madrid and NY

On Tuesday, Aerolineas Argentinas's Chairman announced that the company would add new flights to Madrid and New York.

Tue, 11 Feb 2020 20:52:05 GMT

WeWork reveals plan to achieve free cash flow

On Tuesday, WeWork's Chairman Marcelo Claure revealed its plans to achieve free cash flow of over $1 billion by 2024.

Tue, 11 Feb 2020 19:51:26 GMT

Carney says more investment needed to boost UK economy

On Tuesday, the Governor of the Bank of England Mark Carney said that more investment is needed to boost Britain's economy growth.

Tue, 11 Feb 2020 18:50:33 GMT

Fed's Chair Powell says US economy is in good place

On Tuesday, Jerome Powell, the US Federal Reserve Chairman, told the US House of Representatives that the United States economy is in a very good place.

Tue, 11 Feb 2020 18:20:18 GMT

Aerolineas Argentinas to add new flights to Madrid and NY

On Tuesday, Aerolineas Argentinas's Chairman announced that the company would add new flights to Madrid and New York.

Tue, 11 Feb 2020 16:52:15 GMT

Samsung to roll out square-shaped foldable smartphone

Samsung Electronics is planning to unveil its new, square-shaped foldable phone on Tuesday, as well as the updated versions of the Galaxy S range flagship, seeking to boost sales and challenge its main rival Apple Inc.

Tue, 11 Feb 2020 15:41:16 GMT

Honda to resume car output in China on Feb. 17

On Tuesday, Honda Motor announced it would likely to restart its component and vehicle production at the majority of the Chinese factories from February 17, after the suspension over the coronavirus outbreak.

Tue, 11 Feb 2020 14:43:29 GMT

JPMorgan seeks merging Quorum with ConsenSys

JPMorgan Chase has entered talks over merging Quorum, its marquee blockchain division, with Brooklyn-based start-up ConsenSys, with the deal to be likely announced within the following six months.

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