News

Thu, 30 May 2019 11:13:42 GMT

Watches of Switzerland stock rises 15%

Watches of Switzerland shares surged as much as 15 percent to 315 pence per each due to its London Stock Exchange debut this Thursday from the company's initial price set at 270 pence.

Thu, 30 May 2019 09:55:38 GMT

Delek's Ithaca to acquire Chevron's UK North Sea fields

On Thursday, Israel's Delek Group announced its Ithaca Energy division reached an agreement to acquire Chevron's UK North Sea gas and oil fields in a deal valued at $2.0B.

Thu, 30 May 2019 09:23:32 GMT

Axel Springer's shares rise on KKR possible investment

On Thursday, shares of Axel Springer soared by 20% after controlling shareholders of the German publisher launched talks with KKR, the private equity house, over a possible strategic investment into the business.

Thu, 30 May 2019 08:34:24 GMT

Transneft to compensate Russia firms over tainted oil

Transneft has agreed with the Russian oil firm on a potential compensation formula over the tainted oil, which was contaminated being in transit shipping through the Druzhba pipeline, according to Kommersant daily.

Thu, 30 May 2019 07:31:33 GMT

Corbyn sees new Brexit vote to be about terms

Jeremy Corbyn, the UK Labour Party leader, stated that he expected any new referendum on Brexit to be about the deal terms agreed with the EU bloc, not repeating of the 2016 "Leave" or "Remain" choice.

Thu, 30 May 2019 06:25:43 GMT

Vision Fund to borrow $4.0B in Uber and two more firms

SoftBank-owned Vision Fund is planning to borrow $4.0B against the stakes in three companies, such as Uber Technologies, Guardant Health and Slack Technologies, according the Financial Times.

Thu, 30 May 2019 05:05:52 GMT

Saudi Arabia to rise crude prices for Asia

Saudi Arabia, the top oil exporter, is expected to increase prices for all grades of crude the country sells to Asia for a third month in succession in July, after a jump in Middle East crude benchmarks.

Thu, 30 May 2019 03:55:59 GMT

PVH cuts annual profit forecast

PVH cut the annual profit forecast by $0.10 a share as the Tommy Hilfiger and Calvin Klein owner grapples with tariffs and slowing retail growth, causing 12% decline in shares after hours.

Thu, 30 May 2019 03:25:15 GMT

New Zealand reveals spending boost in budget

New Zealand revealed plans to spend up to $2.47B a year under the ‘well-being' approach, which the country's government touted as a new option of budgeting, which moves beyond measuring only economic growth.

Wed, 29 May 2019 20:32:49 GMT

Mexico CB expects sub-1% growth

The Central Bank of Mexico cut the growth forecast for 2019, opening the door to the possibility that the second-largest economy of Latin America is likely to grow less than 1% due to weak industrial production.

Wed, 29 May 2019 19:22:11 GMT

WeWork looks for $2.75B billion credit line before IPO

Workspace operator WeWork was in talks with banking institutions to raise $2.75B billion in debt before its initial public offering, Bloomberg reported, citing sources familiar with the matter.

Wed, 29 May 2019 18:31:12 GMT

Brazil posts primary budget surplus last monyh

The central government of Brazil reported a primary $1.64B budget surplus in April, the Treasury stated, less than the forecast in a Reuters poll.

Wed, 29 May 2019 17:30:37 GMT

Shell to reveal taxes paid in every country

Oil and gas major Royal Dutch Shell is set to disclose how much of taxes paid in each country, where it operates, the company's executive told a Dutch parliamentary panel, in the report to be published later in 2019.

Wed, 29 May 2019 16:27:01 GMT

AVEVA's profit jums, shares at record high

AVEVA announced its expectations to meet the medium-term target after a 20% increase in annual earnings, supported by demand for the firm's technology. Shares rose to a record high of 3,530 pence on Wednesday, then fell 1.7% by mid-morning.

Wed, 29 May 2019 15:28:25 GMT

NXP to buy Marvell's Bluetooth, WiFi business

Chipmaker NXP Semiconductors stated it is set to buy Marvell Technology Group's business of wireless connectivity for $1.76B in cash. Shares of Marvell grew 3.84% at $22.17, while shares of NXP declined marginally.

Wed, 29 May 2019 14:03:27 GMT

US banking sector records $60.7B in Q1 profits

On Wednesday, the US banking service reported $60.7B in profits in this year's Q1, marking a 8.7% or $4.9B jump from the previous year, according to the Federal Deposit Insurance Corporation.

Wed, 29 May 2019 13:31:26 GMT

Samsung seeks to raise Indian online smartphone sales

Samsung Electronics is planning to double its online sales of smartphones in India to $1.0B in 2019, boosted by its new budget device range, the company's CEO Asim Warsi stated on Wednesday.

Wed, 29 May 2019 12:34:15 GMT

Prosecutors probe Porsche CEO's business

German prosecution is probing Oliver Blume, the Chief Executive Officer of the Volkswagen-owned Porsche business, over potential fiduciary trust breach related to the payments made Porsche's labour council member.

Wed, 29 May 2019 10:51:59 GMT

Italy's Mediaset builds 9.4% stake in Prosiebensat

Italy's biggest commercial broadcaster Mediaset announced on Wednesday it had established a 9.4% stake in Germany's peer ProSiebenSat.1, in a move towards potential creation of the pan-EU TV player, lifting Prosiebensat shares up 6.9%.

Wed, 29 May 2019 09:59:28 GMT

Bank of Japan posts record profit

On Wednesday, the Bank of Japan published its biggest annual profits in two decades. The bank made two trillion yen.

Wed, 29 May 2019 09:19:35 GMT

French CPI plunges to 1.1% in May

The French consumer price index fell more than estimated in May to the lowest level in about two years of 1.1%, according to the preliminary data provided by the INSEE statistic agency.

Wed, 29 May 2019 07:57:01 GMT

China seeks using rare earth to strike back at US

China announced on Wednesday it is ready to hit back at the United States with rare earth amid their almost a year-long trade war, escalating tensions between the two largest economies in the world.

Wed, 29 May 2019 07:37:53 GMT

Qualcomm seeks for appeal, asks judge to put decision on hold

Qualcomm has called on the US judge to postpone her verdict on the case, where the company illegally took out their competitors in the phone chips market, seeking for an appeal filing, which could last over a year.

Wed, 29 May 2019 06:38:02 GMT

Sprint, T-Mobile likely to sell Boost Mobile for $3.0B

Several potential buyers are planning to make their bids for Boost Mobile, the prepaid wireless brand owned by Sprint and T-Mobile, in a sale worth up to $3.0B.

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