News

Thu, 12 Dec 2019 14:00:30 GMT

EU leaders to discuss Brexit, climate in Brussels

EU leaders are set for a meeting in Brussels during Thursday and Friday to discuss the bloc's long-term budget, Brexit and climate, as they are eager to find "a common goal" on these issues.

Thu, 12 Dec 2019 13:24:57 GMT

Ferrari CEO sees fully-electric vehicle after 2025

Ferrari is set to release its fully electric car after 2025, as the model's battery technology is requiring more development, the luxury car brand's CEO Louis Camilleri said.

Thu, 12 Dec 2019 11:52:55 GMT

Bill.com sets shares price at $22 in US IPO

The back-office automation software maker, Bill.com Holdings, has priced its shares at $22 each in the US initial public offering, seeking to raise up to $216.1M.

Thu, 12 Dec 2019 11:03:21 GMT

UK votes in general elections

On Thursday, the voters of the United Kingdom went to polls to vote in the general elections, which would decide the future of Brexit.

Thu, 12 Dec 2019 09:44:30 GMT

Brazil's Petrobras launches sale of 10% stake in TAG pipeline

Petrobras SA, Brazilian state-owned oil company has launched the sale process of the 10% stake in TAG, the natural gas pipeline group, a securities filing showed on Thursday.

Thu, 12 Dec 2019 09:00:43 GMT

Japan Display to get $830M from Ichigo

On Thursday, Japan Display Inc, the Apple supplier, stated it was planning to receive about $830M in financial support from Ichigo Asset Management, the Japanese asset manager.

Thu, 12 Dec 2019 07:42:53 GMT

Twitter aims to create decentralised standard for social networks

Twitter Inc is planning to establish independent research group, aiming to provide social media networks with "open and decentralised standard", the CEO of the microblogging platform, Jack Dorsey, said.

Thu, 12 Dec 2019 06:54:54 GMT

SoftBank-backed OneConnect cuts IPO by 28%

The SoftBank-backed OneConnect Financial Technology has slashed its planned US listing by 28%, setting its price range of $9 to $10 per share and lowering its target valuation.

Thu, 12 Dec 2019 05:44:39 GMT

Qwil start-up lifts $24.4M in equity, $200M in debt

The San Francisco-based fintech start-up Qwil reported it had raised $24.4M in equity as well as $200M in debt from shareholders, including Jefferies Financial Group.

Thu, 12 Dec 2019 04:58:51 GMT

Disney+ mobile app hits 22M downloads since launch

Walt Disney reported 22 million downloads of the Disney+ app since the release of the streaming platform in November, marking the "extraordinary consumer demand" after the first day of the app launch.

Thu, 12 Dec 2019 03:54:01 GMT

Nestle plans US ice cream brands sale worth $4B

Nestle SA has agreed for a sale of its US ice cream brands to Froneri for $4.0B, moving control of its business including Häagen-Dazs to the Swiss group's joint venture.

Thu, 12 Dec 2019 03:12:46 GMT

Continental Resources' Hamm to resign as CEO

The founder of Continental Resources Harold Hamm is set to step down as CEO of the crude oil and natural gas company, becoming its executive chairman, Continental announced.

Wed, 11 Dec 2019 20:47:50 GMT

Johnson on course to win UK's general election

According to the latest opinion poll, released on Wednesday, UK's Prime Minister Boris Johnson is likely to win the UK general election on December 12.

Wed, 11 Dec 2019 19:55:40 GMT

NBH expects to keep interest rates unchanged

According to the Reuters poll, the National Bank of Hungary is expected to keep rates unchanged at the next policy meeting on December 17.

Wed, 11 Dec 2019 18:55:36 GMT

Hausfeld files lawsuit in London against major banks

On Wednesday, Hausfeld law firm filed a new action, called FX Claim UK, seeking damages from Citibank, Barclays, JPMorgan, MUFG Bank and UBS over their role in forex spot trading cartels.

Wed, 11 Dec 2019 17:55:37 GMT

US consumer prices increase in November

On Wednesday, the Labour Department report showed that the US consumer price index rose by 0.3% in November.

Wed, 11 Dec 2019 17:01:49 GMT

Oil prices decline on Wednesday

On Wednesday, crude oil prices edged lower after data showed that the US crude stocks record a surprise rise in recent week. The Brent futures fell by 34 cents to $64 a barrel by 1430 GMT.

Wed, 11 Dec 2019 16:15:15 GMT

Nasdaq and S&P 500 indexes open higher

The Nasdaq and the S&P 500 indexes opened higher on Wednesday, as investors and traders await the US Federal Reserve's interest rates and monetary policy decisions.

Wed, 11 Dec 2019 14:48:29 GMT

Tesla plans price rise of imported Model 3

Tesla, the US electric carmaker, is planning to lift its prices of the imported Model 3 car in China starting January, increasing the current price of 439,900-509,900 yuan, according to Reuters.

Wed, 11 Dec 2019 14:34:42 GMT

Home Depot sees worse-than-expected 2020 sales growth

Home Depot Inc is expecting its sales growth for the next year below Wall Street's forecasts, nearly a month after the home improvement firm trimmed its 2019 sales outlook.

Wed, 11 Dec 2019 13:25:19 GMT

Delek Group plans rest of car unit sale worth $78M

Delek Group, the Israeli conglomerate, announced on Wednesday it would sell the rest of 14.99% stake in the car unit Delek Automotive to a third party, which remained unnamed, in a deal worth $78M.

Wed, 11 Dec 2019 11:56:08 GMT

Telefonica Deutschland selects Nokia, Huawei for 5G

On Wednesday, Telefonica Deutschland selected Finland's Nokia and China's Huawei to build the 5G network, aiming to push the work forward, despite Germany has not granted an official approval yet.

Wed, 11 Dec 2019 11:37:18 GMT

Tesla's German plant t build 500K vehicles a year

Tesla is planning to produce 500K vehicle per year at the carmaker's new factory on Berlin's outskirts, according to the Germany Bild newspaper's report seen on Wednesday.

Wed, 11 Dec 2019 10:23:26 GMT

Brazil's Embraer inks $194.4M deal for two E175 jets

Brazilian planemaker Embraer has signed a deal worth $194.4M for the two E175 planes delivery with Congo Airways, leaving itself an option for potential two extra jets of the same model.

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