News

Tue, 26 Nov 2019 11:55:02 GMT

Alibaba's HK shares jump 6.6% on debut

Alibaba Group's Hong Kong shares rose 6.6% to HK$187.60 in this year's debut, making it the third-largest listing on record for the HK market, Refinitv reported on Tuesday.

Tue, 26 Nov 2019 11:39:08 GMT

DHL to launch delivery vans in early 2020

DHL Group's StreetScooter EV division is set to enter the US market next spring by launching its zero-emission Work L delivery vans, the company announced on Tuesday.

Tue, 26 Nov 2019 09:57:42 GMT

Faurecia views record profits, sales in 2022

Faurecia, the French car parts producer, set its targets for record profits, cash generation and sales in 2022 amid its strategy programme and boost from the Japanese firm Clarion acquisition, sending the firm's shares up 2.6%.

Tue, 26 Nov 2019 09:38:18 GMT

AIG plans 76.6% stake sale in Fortitude Re

American International Group is planning to sell a 76.6% stake worth around $1.8B in the reinsurer Fortitude Re to the Japanese insurer T&D Holdings and Carlyle Group, the US buyout fund.

Tue, 26 Nov 2019 07:49:23 GMT

Charles Schwab to acquire TD Ameritrade for $26B

Charles Schwab Corp has agreed to acquire TD Ameritrade Holding in the all-stock deal worth $26.0B, forming a brokerage giant; the acquisition that is likely to shake up the retail brokerage industry.

Tue, 26 Nov 2019 07:20:58 GMT

Employees of FCA, PSA set to sign merger accord soon

Peugeot-owner PSA Group and Fiat Chrysler informed their employees about signing a merger agreement already in coming weeks, according to Reuters sources.

Tue, 26 Nov 2019 05:45:13 GMT

US Dollar surges on Tuesday

During Tuesday's Asian trading session, the US Dollar surged in value. The move was attributed to a phone call made by US and Chinese trade negotiators.

Tue, 26 Nov 2019 04:06:44 GMT

UK's Parliament to reopen on December 17

According to a statement from Boris Johnson's government office, the British Parliament would be reopened on December 17 after the general election.

Tue, 26 Nov 2019 03:05:54 GMT

Texas settles with Sprint Corp and T-Mobile Inc

According to a statement from Texas' Attorney General office, Texas has pulled out of the multistate lawsuit over the T-Mobile Inc and Sprint Corp merger deal.

Mon, 25 Nov 2019 20:41:34 GMT

British Parliament to convene again on Dec. 17

The British parliament is set to reconvene on December 17 after the general election, with preliminary plans to set the Prime Minister Boris Johnson's legislative agenda out, in case he remains the leader, the government stated on Monday.

Mon, 25 Nov 2019 19:46:43 GMT

Tesla shares surge on Cybertruck orders growth

On Monday, Tesla Inc's shares surged 4% after the carmaker's CEO Elon Musk announced the company had received 200K orders for its Cybertruck pickup, which price started from $39K.

Mon, 25 Nov 2019 19:32:32 GMT

SoftBank's Oyo sees losses in China, India until 2022

Internal projections of SoftBank's Oyo Hotels and Homes showed the company is unlikely to make profit in China and India until 2022 due to its rapid expansion in various markets, including the US and UK.

Mon, 25 Nov 2019 18:32:29 GMT

Nokia's COO set to leave amid management reshuffle

Nokia, Finland's telecoms gear maker, has made a decision to split Joerg Erlemeier's functions in his Chief Operating Officer position among other leaders in a management reshuffle, a move that made Erlemeier leave the company.

Mon, 25 Nov 2019 16:42:53 GMT

Blackstone to invest in gene therapy venture

Blackstone Group announced that it will invest $400M in cooperation with Ferring, the Swiss drug company, working on a trial gene therapy for bladder cancer.

Mon, 25 Nov 2019 16:01:08 GMT

EBay to sell StubHub for $4.05B

EBay is set to sell StubHub, the ticketing unit, in all-cash $4.05B deal with Viagogo, almost a year after the company was under pressure from investors to separate some of its businesses.

Mon, 25 Nov 2019 14:50:51 GMT

Central bank of China comments on economy

On Monday, the People's Bank of China announced that downwards pressures on the Chinese economy have been increasing.

Mon, 25 Nov 2019 14:50:33 GMT

S&P comments on Chinese bond market

On Monday, S&P credit rating agency revealed that private Chinese firms are getting squeezed out of the country's bond market.

Mon, 25 Nov 2019 12:40:23 GMT

Uber loses London license

The government of the city of London has stripped Uber of its operating license. The company announced that it would appeal the decision.

Mon, 25 Nov 2019 11:40:28 GMT

Apple expands in India

On Monday, the IT Minister of India Ravi Shankar Prasad announced that Apple is expanding its operations in India by creating additional phone component production.

Mon, 25 Nov 2019 10:41:56 GMT

German economy is expected to expand

Data published by IFO institute on Monday revealed that the German economy is expected to grow by 0.2% in the fourth quarter of this year.

Mon, 25 Nov 2019 09:45:42 GMT

Japan's Unizo receives six new buyout bids

Unizo Holdings, the Japanese hotel operator, announced on Sunday about six more buyout bids at price that exceeds the existing $1.6B offer proposed by Blackstone Group.

Mon, 25 Nov 2019 09:02:16 GMT

Novartis to take The Medicines Co. in $9.7B deal

Novartis AG is acquiring The Medicines Co, the US biotechnology company, in a deal worth $9.7B, the Swiss drugmaker announced on Sunday, as the company seeks to expand the portfolio.

Mon, 25 Nov 2019 07:43:44 GMT

LVMH agrees to acquire jeweller Tiffany for $16.2B

LVMH has agreed to acquire the US jeweller Tiffany in a $16.2B deal, Louis Vuitton's owner confirmed this Monday, in the purchase that will boost the luxury good maker's position in jewellery and further expand its presence in America.

Mon, 25 Nov 2019 06:06:28 GMT

US, China close to sign trade deal

According to the state-owned Global Times newspaper, the United States and China are very close to sign phase one trade agreement.

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