News

Wed, 27 Nov 2019 18:51:18 GMT

AB Inbev examines options for packaging activities

The world's largest brewer Anheuser-Busch InBev is considering all possible options for the packaging activities, as the company streamlines its portfolio, focusing at the core beverage business, Reuters reported on Wednesday.

Wed, 27 Nov 2019 18:13:49 GMT

US auto sales to increase 4%

The US auto sales are anticipated to increase about 4% this month from the prior year, supported by higher consumer spending and strong discounts.

Wed, 27 Nov 2019 16:43:12 GMT

IKEA to turn climate-positive

The world's largest furniture group IKEA stated that it would spend nearly $110M, supporting direct suppliers, as the company switches over to renewable energy use.

Wed, 27 Nov 2019 16:22:46 GMT

US GDP growth up 2.1% in Q3

The US economic growth rose 2.1% year-on-year in the Q3, rather than slowing as the primary report showed, due to stronger pace of inventory accumulation.

Wed, 27 Nov 2019 15:38:44 GMT

Deutsche Telekom considers potential merger with Orange

Deutsche Telekom is exploring a potential merger deal with the French peer Orange, according to Handelsblatt's report published on Wednesday, sending Deutsche Telekom's shares up 1.3%.

Wed, 27 Nov 2019 14:28:20 GMT

Xiaomi growth drops in Q3 amid weak China smartphone demand

Xiaomi, the Chinese smartphone maker, reported on Wednesday the slowest-ever revenue growth in Q3 as China's smartphone market struggles with a prolonged hiatus in sales, plunging demand for devices.

Wed, 27 Nov 2019 13:10:41 GMT

Deutsche Bank sells $50B in assets to Goldman Sachs

Goldman Sachs has acquired $50B of Deutsche Bank's unwanted assets amid lender's ongoing restructuring, according to a Bloomberg report seen on Wednesday.

Wed, 27 Nov 2019 12:39:38 GMT

Pope appoints new financial regulator amid police raid

On Wednesday, Pope Francis has appointed Carmello Barbagallo as new Vatican's financial regulator, Reuters reported.

Wed, 27 Nov 2019 11:19:37 GMT

Lagarde comments on ECB policy

On Wednesday, the new President of the ECB Christine Lagarde stated that the duty of the ECB is to keep the value of the Euro stable.

Wed, 27 Nov 2019 10:03:53 GMT

Dell trims annual revenue forecast

Dell Technologies has reduced its full-year revenue outlook, as the company's PC business struggles with a chips shortage from Intel Corp, sending the shares down about 5%.

Wed, 27 Nov 2019 08:58:34 GMT

Musk says Tesla gets 250K orders for Cybertruck

Tesla has already received 250K orders for its new electric pickup truck launched a couple of days ago, the carmakers CEO Elon Musk stated in his tweeter.

Wed, 27 Nov 2019 08:39:57 GMT

Xerox readies to take HP $33.5B buyout offer hostile

Xerox Corp is preparing to take the $33.5B buyout offer directly to HP shareholders, following the company's refusal to open books for due diligence.

Wed, 27 Nov 2019 05:58:06 GMT

Profits at China's industrial firms decline

According to data released by the National Bureau of Statistics showed that China's industrial sector profits fell by 9.9% in October.

Wed, 27 Nov 2019 05:04:51 GMT

Asian shares surge on Wednesday

Asian shares edged higher on Wednesday after the US President Donald Trump said that the United States and China are close to agreement on the first phase of a trade deal.

Wed, 27 Nov 2019 04:04:08 GMT

Xerox plans to take buyout bid directly to HP shareholders

Xerox Corp announced on Tuesday that it was preparing to take its buyout bid worth of $33.5 billion directly to HP shareholders.

Wed, 27 Nov 2019 03:02:02 GMT

US goods trade deficit drops by 5.7% in October

The US Commerce Department announced on Tuesday that the US goods trade balance fell by 5.7% in October.

Tue, 26 Nov 2019 21:38:03 GMT

Audi to slash 9.5K jobs

Audi announced the main restructuring scheme, cutting around 9.5K jobs in 6 years in a bid to adopt production to the era of e-mobility and reach billion-euro cast savings.

Tue, 26 Nov 2019 18:42:36 GMT

US trade deficit narrows in October

The US goods trade deficit fell 5.7% to $66.5B in October, as both imports and exports imports declined, indicating lingering decline in trade flows.

Tue, 26 Nov 2019 18:07:43 GMT

Mexico to spend $44B on infrastructure

The Mexican government announced the first phase of an infrastructure plan for the private sector, covering a range of transportation and other projects in five years.

Tue, 26 Nov 2019 16:41:15 GMT

US banking sector profits drop $4.5B

Profits across the US banks fell slightly to $57.4B in the Q3 of 2019, as "nonrecurring events" at three big financial institutions restrained sector growth, the FDIC reported.

Tue, 26 Nov 2019 16:12:05 GMT

US consumer confidence fall in November

The US consumer confidence declined for a fourth month in succession in November due to worries over employment prospects and current business conditions.

Tue, 26 Nov 2019 15:05:09 GMT

Hyundai gets green light for Gangnam HQ building

On Tuesday, the government of the Seoul city has granted approval for the long-delayed construction of the new headquarters for Hyundai Motor Group in the South Korean district of Gangnam; potentially the tallest skyscraper when finished in 2026.

Tue, 26 Nov 2019 14:11:19 GMT

EBay to sell StubHub in $4.05B deal

EBay is planning a sale of the ticketing division StubHub to the ticket reseller Viagogo in a cash deal worth $4.05B, both firms announced recently.

Tue, 26 Nov 2019 12:57:18 GMT

Hewlett Packard posts worse-than-expected revenue

Hewlett Packard Enterprise disappointed Wall Street's analysts with worse-than-expected quarterly revenue results, hit by sluggish demand for its storage and servers products, and sending the company's shares down around 4%.

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