News

Wed, 24 Jul 2019 11:21:05 GMT

AT&T tops net wireless subscriber forecasts

On Wednesday, AT&T topped Wall Street's forecasts for its net wireless subscribers paying the monthly bill, adding 72K phone users, bigger than analysts' expectations of 27K subs, the research company FactSet reported.

Wed, 24 Jul 2019 09:56:31 GMT

Deutsche Bank suffers major losses

On Wednesday, it was announced by Deutsche Bank that it has suffered a quarterly loss of 3.15 billion Euros.

Wed, 24 Jul 2019 08:45:42 GMT

Japan's Nissan set to expand global job cuts

Nissan Motor is planning to double its global job cuts by more than 10K, seeking to turn around the business, as the Japanese carmaker faces plunging profit on the back of the company's management upheaval.

Wed, 24 Jul 2019 07:54:35 GMT

Johnson to unveil names of his Brexit team

On Wednesday, Boris Johnson is set to take office as the new British Prime Minister and appoint his Brexit team, as he aims to deliver the UK withdrawal from the EU bloc by October-end, with or without the deal.

Wed, 24 Jul 2019 06:40:59 GMT

Deutsche Telekom schedules meeting over Sprint deal

The parent of T-Mobile, Deutsche Telekom, is set to hold a senior management meeting on Wednesday, expecting the US regulator to grant approval for the proposed tie-up between T-Mobile and Sprint, the business daily Handelsblatt reported.

Wed, 24 Jul 2019 06:36:57 GMT

WeWork plans IPO as early as September

The shared office space operator WeWork is preparing for a potential initial public offering as early as September, hosting an analyst day organised for Wall Street banks on July 31 as part of its listing preparation.

Wed, 24 Jul 2019 05:01:33 GMT

Oil prices surge on Wednesday

On Wednesday, crude oil prices edged higher, buoyed by rising tensions between the US and Iran. The Brent crude futures were up $0.30, while the US West Texas Intermediate was up $57.00 per barrel.

Wed, 24 Jul 2019 04:04:53 GMT

IMF cuts global growth forecasts

On Tuesday, the International Monetary Fund cut its global growth forecast for 2019 to 3.2% and 2020 to 3.5%, a decline of 0.1% for both years from its previous forecast.

Wed, 24 Jul 2019 03:28:17 GMT

Suga says Japan and South Korea relationship in severe state

Japan's Chief Cabinet Secretary Yoshihide Suga stated on Wednesday that Tokyo-Seoul relationship in a very critical state.

Wed, 24 Jul 2019 01:51:20 GMT

Britain's incoming PM Johnson vows to get Brexit done

On Tuesday, incoming Britain's Prime Minister Boris Johnson vowed to take the United Kingdom out of the European Union by October 31.

Tue, 23 Jul 2019 19:58:16 GMT

Quad/Graphics and LSC halt their $1.4B merger

On Tuesday, Quad/Graphics and LSC Communications announced about termination of their $1.4B tie-up deal, as the US Department of Justice had filed a suit to block the merger, tumbling LSC shares as much as 36% to its record low.

Tue, 23 Jul 2019 18:45:34 GMT

Bosch, Daimler allowed to trial driverless valet parking

The auto supplier Bosch and Germany's carmaker Daimler have received an authority approval to launch valet parking using self-driving technology in the German city of Stuttgart.

Tue, 23 Jul 2019 17:53:29 GMT

Huawei's revenue rise around 30% despite US ban

Huawei Technologies reported on Tuesday its revenue surged about 30% in the year's first half after the company secured its supplies to keep the production process going, despite technology export restrictions imposed by the United States.

Tue, 23 Jul 2019 17:00:38 GMT

Alibaba to allow US small businesses use its platform for sale

Alibaba Group Holdings, the Chinese e-commerce giant, is planning to allow small US businesses to sell globally on its platform, Alibaba announced on Tuesday, seeking to expand its footprint in the B2B e-commerce market and outrace such rivals as Amazon.com.

Tue, 23 Jul 2019 16:33:02 GMT

FTC set to announce $5.0B settlement with Facebook

The US Federal Trade Commission is set to announce as soon as this week a $5.0B settlement with the social media giant Facebook of the FTC launched probe into its user data handling.

Tue, 23 Jul 2019 15:37:45 GMT

China's Wanhua Chemical, ADNOC ink$12B deal

ADNOC has inked the partnership framework deal with the Chinese Wanhua Chemical Group valued up to $12.0B for cooperation in the downstream sector, the Abu Dhabi company stated on Tuesday.

Tue, 23 Jul 2019 14:37:37 GMT

US stocks rise on robust United Tech, Coca-Cola earnings

On Tuesday, Wall Street gained on robust earnings of the blue-chip firms, including United Technologies and Coca-Cola, soothing concerns about the economic growth pace.

Tue, 23 Jul 2019 13:08:35 GMT

China's Neolix to test self-driving cars in Saudi, UAE

China's Neolix inked a preliminary pact with noon, the Middle East e-commerce firm, to trial the self-driving cars in the United Arab Emirates and Saudi Arabia.

Tue, 23 Jul 2019 11:22:55 GMT

AMS plans Osram takeover's re-evaluation

On Tuesday, AMS AG, the Austrian sensor specialist, it would re-evaluate the possible transaction with the lighting company Osram Licht, after it had pulled back from its takeover approach.

Tue, 23 Jul 2019 09:43:29 GMT

China's BAIC takes 5% Daimler's stake to boost alliance

China's BAIC took over 5% of Daimler's stake, boosting gits alliance with the German automaker, after Zhejiang Geely Holding had emerged as a possible rival.

Tue, 23 Jul 2019 08:19:20 GMT

Yellow Wood Partners takes Dr. Scholl's from Bayer

Germany's Bayer announced it would sell its footcare brand Dr. Scholl's to the US private investment company Yellow Wood Partners in a deal worth $585M, another consumer care products that the German firm put on the block.

Tue, 23 Jul 2019 06:44:21 GMT

Blackstone considers stake sale in Cheniere Energy Partners

Blackstone Group is exploring a stake sale in Cheniere Energy Partners seven years after it had invested around $1.5B in the limited partnership, Bloomberg stated on Monday.

Tue, 23 Jul 2019 06:37:07 GMT

Apple may buy Intel's smartphone-modem chip unit

Apple has entered advanced talks to acquire the chipmaker Intel's smartphone-modem chip business in a potential deal valued over $1.0B, if negotiations do not fall apart, according to the Wall Street Journal.

Tue, 23 Jul 2019 04:58:40 GMT

BHP investors look for external CEO

According to sources familiar with the matter, some investors of Australia's BHP Group believe that the company should appoint an external CEO.

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