News

Fri, 19 Jul 2019 06:39:30 GMT

The We Company to host Wall Street banks' analyst day

WeWork parent The We Company is set to host the analyst day for the Wall Street banks scheduled for July 31, on the back off the firm's preparations for its planned initial public offering.

Fri, 19 Jul 2019 04:50:12 GMT

Asian stocks surge on Friday

During Friday's Asian trading session, stock indices surged. The move was attributed to Federal Reserve rate cut expectations.

Fri, 19 Jul 2019 04:21:37 GMT

Microsoft shares hit record high

On Thursday, the Microsoft Corporation published its quarterly earnings, which beat analyst estimates. The event caused a stock surge, which reached an all-time high level.

Fri, 19 Jul 2019 03:31:28 GMT

Tencent, BMW to open computing centre in China

Germany's automaker BMW and China's online gaming major Tencent Holdings teamed up to create a computing centre in China, which is likely to help develop self-driving vehicles in the world's largest auto market, the companies stated

Thu, 18 Jul 2019 19:55:24 GMT

Trump to hold meeting with airline CEOs over Qatar flights

On Thursday, the US President Donald Trump is set for a meeting with the CEOs of Qatar Airways and major American airlines at 1930 GMT to discuss the accusations that subsidies by UAE and Qatar trigger job losses in the United States.

Thu, 18 Jul 2019 18:56:32 GMT

Indonesia to start electric car production in three years

Indonesia is planning to launch production of electric vehicles in 2022, after a couple of companies showed their intention to make investments in the country, the Industry Ministry stated on Thursday.

Thu, 18 Jul 2019 17:50:47 GMT

Google fined by Russia for failing to sort search results

On Thursday, Google has been fined $11.1M by the Russian communications watchdog, as the tech giant failed to meet the legal requirements to delete entries from the search results, which deemed to contain illegal information, according to Moscow.

Thu, 18 Jul 2019 17:13:45 GMT

ADB: Indian GDP to growth 7%

The Asian Development Bank lowered Indian gross domestic product growth forecast to 7% for 2019 and 7.2% in the following year on the back of concerns of fiscal shortfall, state-run broadcaster reported.

Thu, 18 Jul 2019 16:22:02 GMT

SAP quarterly result disappoint

Operating profits of Germany's software company SAP dropped 21% to $928.9M in the second quarter of 2019, the firm announced on Thursday.

Thu, 18 Jul 2019 15:16:06 GMT

British retail sales up in June

The UK retail sales jumped unexpectedly in June, showing 1.0% increase, while analysts anticipated 0.3% fall, the ONS stated, rising hopes that the economy would sidestep a doecline in the Q2.

Thu, 18 Jul 2019 14:27:16 GMT

US initial jobless claims in line with expectations

The number of applications for US unemployment benefits rose 8K to 216K in the week ending July 13, which is in line with analysts' expectations, according to the Labor Department's report released on Thursday.

Thu, 18 Jul 2019 13:38:47 GMT

N26 prolongs funding round amid expansion

On Thursday, the Berlin-based online bank N26 announced it had attracted extra $170M in the latest funding round, boosting up its valuation to $3.5B, as the company sought for expansion to markets outside the EU bloc.

Thu, 18 Jul 2019 11:51:51 GMT

EU grants approval for Vodafone's Liberty Global deal

On Thursday, Vodafone has won antitrust approval from the EU Commission for the mobile operator's $22.0B bid to acquire Liberty Global's cable networks in central Europe and Germany, following concessions offer in May.

Thu, 18 Jul 2019 11:28:27 GMT

Renault's Senard wants Nissan to embrace alliance

Jean-Dominique Senard, Renault's Chairman stated on Thursday he would expect the alliance partner Nissan's new board embrace their partnership amid struggles of turning the page about Carlos Ghosn's scandal.

Thu, 18 Jul 2019 09:51:45 GMT

Philippines revises Forex targets

On Thursday, the Philippines Department of Budget announced its 2019 and 2020 exchange rate targets. Namely, in 2019 51-53 Pesos to USD and in 2020 51-55 Pesos to USD.

Thu, 18 Jul 2019 09:36:19 GMT

Britain's easyJet picks Ryanair's COO

On Thursday, Britain's easyJet announced it had hired Peter Bellew from Ryanair as the carrier's new Chief Operating Officer, sending company's shares up 3.2% on the news.

Thu, 18 Jul 2019 08:30:55 GMT

UK easyJet's Q3 trading in line with expectations

On Thursday, Britain's easyJet reported its Q3 trading came out in line with the forecast, driven by rising demand for its optional extra services, while the company's revenue soared by 11.4% to £1.8B, boosted by more bookings and price optimisation.

Thu, 18 Jul 2019 06:51:16 GMT

Sweden's AB Volvo tops estimates

Sweden's AB Volvo reported on Thursday its operating profit surged to $1.62B, beating analysts' expectations, and announced a strategic partnership with Samsung, as it seeks to make battery packs for the company's electric trucks.

Thu, 18 Jul 2019 06:22:57 GMT

Japan's Takeda launches drugs portfolio sale

Japan's Takeda Pharmaceutical has turned to potential bidders for its drugs portfolio for sale in the Western Europe, seeking to cut its debt after acquiring Shire in the $59B deal.

Thu, 18 Jul 2019 04:50:38 GMT

EBay's EPS, revenue above estimates

EBay beat Wall Street's estimates for the quarter, as it earned $0.68 per share, compared with $0.62 forecast, while revenue grew almost 2% to $2.69B, as the company managed to attract more customers and expanded its payments and advertising businesses.

Thu, 18 Jul 2019 03:53:00 GMT

Drone market to reach $14B next decade

The global non-military drone market, dominated by Chinese manufacturers, is expected to triple in size to $14.3B in sales in the next decade, the report said, even as the US officials warned of risks to national security.

Thu, 18 Jul 2019 02:35:12 GMT

Australian unemployment rate remained at 5.2%

Australia's full-time employment increased in June, though the unemployment rate stuck at 5.2%, while more people searched for a job, suggesting spare capacity, which argues for bigger policy stimulus.

Wed, 17 Jul 2019 20:35:52 GMT

Netflix shares tumble amid poor data

On Wednesday, Netflix Inc shares fell by nearly 10% as the company added only 2.7M paid subscribers in Q2 in contrast to expected 5.05M.

Wed, 17 Jul 2019 19:36:46 GMT

Oil prices down 1.5% amid US data

Crude oil prices fell 1.5% or 84 cents on Wednesday, reaching $56.78 a barrel, as the US crude stockpiles decreased 3.1M barrels last week.

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