News

Fri, 17 Jan 2020 09:28:55 GMT

Alphabet's public market capitalisation hits $1 trillion

Alphabet's public market capitalisation reached the mark of $1 trillion shortly before the trading close on Thursday, which made the group the fourth of S&P 500 components to hit the lofty level.

Fri, 17 Jan 2020 06:56:28 GMT

McAfee appoints new CEO

McAfee LLC has appointed Peter Leav, the ex-BMC Software's CEO, as the cyber security firm's new Chief Executive Officer, replacing Chris Young and taking over his new role on February 3.

Fri, 17 Jan 2020 05:41:37 GMT

Germany's Atotech plans listing on NYSE

Germany's Atotech, the speciality chemicals group, is planning a listing on the New York Stock Exchange in February that could value the firm at around $5.0B, including debt.

Fri, 17 Jan 2020 04:46:27 GMT

US StepStone picks banks for IPO

StepStone Group has hired three investment banks, Goldman Sachs Group, JPMorgan and Morgan Stanley, as the lead underwriters of its planned initial public offering in New York that is likely to take place in the Q1 of this year.

Fri, 17 Jan 2020 03:56:20 GMT

FCA and Foxconn to form Chinese EV joint venture

Fiat Chrysler is planning to establish a joint venture together with Foxconn to produce electric vehicles and engage in the wirelessly connected vehicle business, Hon Hai announced on Thursday.

Fri, 17 Jan 2020 03:22:29 GMT

LOT, buyout groups to bid for Condor airline

Thomas Cook previously-owned airline Condor has raised interest from the Polish carrier LOT and the buyout groups Greybull and Apollo, which are planning to submit their final bids for the firm next week, according to Reuters.

Thu, 16 Jan 2020 20:47:04 GMT

Kia, Hyundai to invest $110M in EV startup

Korea's Hyundai Motor and Kia were backing the British EV startup Arrival, which plans to start selling delivery vehicles in 2021.

Thu, 16 Jan 2020 19:56:53 GMT

Canada adds 46.2K jobs in December

Canada added 46.2K positions in December, the sixth month of gains, supported by more hirings in education, health care and construction.

Thu, 16 Jan 2020 19:29:02 GMT

Tesla to open design and research center in China

The US electric vehicle maker Tesla announced plans to open a design and research center in China to make "Chinese-style" cars.

Thu, 16 Jan 2020 18:06:43 GMT

Nestle to shift to recycled packages

Food giant Nestle announced that it would invest nearly 2B Swiss francs to use more recycled plastics to package the company's products.

Thu, 16 Jan 2020 17:06:19 GMT

US retail sales grow steadily in December

The US retail sales grew for a third month in succession in December, with higher sales of goods, suggesting the economy's moderate expansion pace at the 2019 end.

Thu, 16 Jan 2020 15:47:22 GMT

RWE to cut almost third of workforce

RWE, the German power producer, is set to cut nearly 6K jobs by 2030 amid an agreed phase-out of coal as a sorce of energy.

Thu, 16 Jan 2020 14:44:38 GMT

PSA Group's 2019 sales drop 10%

France's PSA Group reported on Thursday its global sales for the last year plunged as much as 10% to 3.49M units, compared with the 2018 record of 3.88M cars, due to declining volumes in the Middle East, China and Africa.

Thu, 16 Jan 2020 14:33:10 GMT

Morgan Stanley quarterly revenue rises 28%

Morgan Stanley reported its quarterly revenue from trading and sales surged 28% to $3.19B, sending the financial holding firm's shares up around 2% before the bell on Thursday.

Thu, 16 Jan 2020 13:23:56 GMT

Mishustin approved as new Russia's PM

On Thursday, Russian lawmakers have approved Mikhail Mishustin as the country's new Prime Minister in the lower house vote, the next day after Russia's President Vladimir Putin appointed him for the position.

Thu, 16 Jan 2020 11:46:02 GMT

Renault-Nissan alliance's board set for meeting in January

On Thursday, Renault's chairman Jean-Dominique Senard stated that the Renault-Nissan alliance's operating board was set for a meeting by the January-end to make a decision regarding joint industrial initiatives.

Thu, 16 Jan 2020 10:41:28 GMT

China's ZTE seeks raising $1.7B from A-share sale

China's ZTE Corp is looking to raise $1.7B from a private sale of its A-shares, seeking to use the earnings for the research and development of 5G networks and working capital, the company said on Thursday.

Thu, 16 Jan 2020 09:56:45 GMT

Tesla to launch China design and research centre

Tesla, the US electric carmaker, is planning to open a new research and design centre in China to produce "Chinese-style" vehicles, according to the company's statement on its WeChat account.

Thu, 16 Jan 2020 09:04:00 GMT

Renault chairman sees 'no stress' in appoint new CEO

On Thursday, the chairman of Renault, Jean-Dominique Senard, stated there was "no stress" for the French carmaker to appoint a new CEO, adding that the company's interim arrangements were also working well.

Thu, 16 Jan 2020 08:33:12 GMT

Trump urges Boeing to resolve 737 MAX issues

The US President Donald Trump called on Boeing Co to hurry up at resolving issues regarding the grounded 737 MAX aircraft, adding the planemaker has a significant impact on the US economy.

Thu, 16 Jan 2020 07:37:42 GMT

GM moves over 1,3K hourly workers to full-time jobs

General Motors stated it was planning to move over 1,350 temporary employees at the carmaker's US assembly plants to full-time jobs in the Q1 of 2020.

Thu, 16 Jan 2020 06:16:27 GMT

Canada's home sales fall 0.9%

Canadian home sales decreased 0.9% in December compared with the prior month, ending a streak of monthly gains since last March.

Thu, 16 Jan 2020 04:42:16 GMT

Two managers Gazprom LNG trading leave

Two LNG managers at London office of Gazprom Marketing & Trading left the company, sources revealed on Wednesday.

Thu, 16 Jan 2020 04:40:14 GMT

Argentina inflation at 53.8% in 2019

Argentina's consumer prices increased 53.8% in 2019, the biggest rise in 28 years, indicating the main challenge for the President's new administration.

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